---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-25-000015"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2025-02-05T23:59:59+00:00"
generated_at: "2026-05-27T02:16:51.390756+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ePlus Q3 net earnings down 11.5%, adj EBITDA down 15.2%; guides FY25 sales $2.07-$2.11B

## Summary
- Net sales $511M (+0.4%); technology billings +6.6% to $849.5M; product sales down 9.5%.
- GAAP diluted EPS $0.91 (-10.8% YoY); Non-GAAP diluted EPS $1.06 (-10.2% YoY).
- Services revenue surged 52.2% to $113.6M, driven by acquisitions (Bailiwick, Peak Resources).
- FY25 guidance: net sales $2.07B-$2.11B, adj EBITDA $165M-$171M; margin improved to 27.6%.
- Net earnings fell 11.5% to $24.1M; operating expenses rose 17.3% on added headcount.

## SEC filing metadata
- accession: 0001022408-25-000015
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2025-02-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240825000015/0001022408-25-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240825000015/8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-25-000015
- JSON: https://secwatch.observer/filing/0001022408-25-000015.json
- Plain text: https://secwatch.observer/filing/0001022408-25-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.