Filing Flows › Eplus (PLUS) › Q4 FY25
Eplus (PLUS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 22, 2025
Eplus (PLUS) reported revenue of $478M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -3% from the quarter before. Operating margin was 7.3%, net earnings $21.8M (4.6% of revenue).
Eplus, Q4 FY25: revenue $478M (-6% year over year), operating margin 7.3%, net earnings $21.8M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $478M | -3% | -6% |
| Gross profit | $146M | +3% | +12% |
| Operating profit | $34.7M | +22% | +20% |
| Net earnings | $21.8M | -10% | -10% |
| Operating cash flow | $161M | +145% | +53% |
| Free cash flow | $159M | — | — |
What changed
Revenue was $477.9M in Q4 FY25, down 6% year over year and down 3% from the previous quarter.
Gross margin was 30.5%, up 4.8 points from a year earlier. Operating profit was $34.7M, a 7.3% margin (up 1.5 points year over year). Operating expenses grew 10% against a revenue fall of 6%. The fastest-growing cost line was SG&A (+21%). Net earnings were $21.8M, down 10% year over year. The effective tax rate was 32.8%.
Operating cash flow was $160.9M (up 53% year over year), 738% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $128.2M. Capital expenditures of $1.9M left free cash flow of $159.1M.
Questions
What was Eplus' revenue in the fourth quarter fiscal 2025?
Eplus (PLUS) reported revenue of $478M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -3% from the quarter before.
Was Eplus profitable in the fourth quarter fiscal 2025?
Operating profit was $34.7M (7.3% of revenue) and net earnings $21.8M.
Source: Eplus 10-K on SEC EDGAR.