Simulations Plus, Inc. (SLP) Financial Statements
Industry: Computer Integrated Systems Design (Services)
In fiscal 2025, Simulations Plus reported revenue of $79.2M, up 13.1% from $70.0M the year before. Net income was -$64.7M (a -81.7% net margin), or -$3.22 per diluted share. Gross margin was 58.4% and operating margin was -89.3%. Operating activities generated $18.1M of cash, leaving $17.4M of free cash flow. At fiscal year end, Simulations Plus held $131.9M in total assets against $7.1M in total liabilities, including $30.9M of cash and equivalents.
Open the full interactive Simulations Plus financials → Quarterly statements, key ratios, valuation history and price charts.
Simulations Plus Key Stats
| Share Price | $18.50 |
|---|---|
| Market Cap | $374.4M |
| Revenue YoY Growth | +13.1% |
| 52-Week Range | $11.36 – $20.84 |
| Shares Outstanding | 20.2 million (basic, 2026 Q3) |
Simulations Plus Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $41.6M | $46.5M | $53.9M | $59.6M | $70.0M | $79.2M |
| Cost of Goods Sold | — | — | — | — | $26.9M | $33.0M |
| Gross Profit | $30.9M | $35.9M | $43.1M | $47.9M | $43.2M | $46.2M |
| Operating Income | $11.6M | $11.3M | $14.9M | $8.7M | $6.1M | -$70.7M |
| Pre-Tax Income | $11.4M | $11.1M | $15.1M | $11.7M | $12.4M | -$69.4M |
| Income Tax | $2.1M | $1.3M | $2.6M | $1.7M | $2.5M | -$4.7M |
| Net Income | $9.3M | $9.8M | $12.5M | $10.0M | $10.0M | -$64.7M |
| Diluted EPS | $0.50 | $0.47 | $0.60 | $0.49 | $0.49 | -$3.22 |
Simulations Plus Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $17.5M | $18.4M | $24.3M | $21.9M |
| Net Income | -$681,000 | $676,000 | $4.5M | $3.6M |
| Diluted EPS | -$0.03 | $0.03 | $0.22 | $0.18 |
Simulations Plus Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $49.2M | $37.0M | $51.6M | $57.5M | $10.3M | $30.9M |
| Current Assets | $129.1M | $139.3M | $146.8M | $130.4M | $39.3M | $51.5M |
| Total Assets | $168.4M | $180.0M | $188.4M | $186.1M | $196.6M | $131.9M |
| Current Liabilities | $5.5M | $11.6M | $7.7M | $12.0M | $12.1M | $6.7M |
| Total Liabilities | $12.4M | $14.2M | $10.1M | $16.1M | $14.2M | $7.1M |
| Shareholders' Equity | $156.0M | $165.8M | $178.2M | $170.0M | $182.4M | $124.8M |
Simulations Plus Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $10.9M | $19.2M | $17.9M | $21.9M | $13.3M | $18.1M |
| Cash From Investing | -$75.5M | -$26.7M | $4.3M | $7.4M | -$54.0M | $3.6M |
| Cash From Financing | $102.4M | -$4.7M | -$7.6M | -$23.3M | -$6.6M | -$1.1M |
| Free Cash Flow | $10.7M | $17.6M | $17.1M | $21.4M | $12.8M | $17.4M |
| Dividends Paid | $4.3M | $4.8M | $4.8M | $4.8M | $4.8M | $0 |
Figures from Simulations Plus' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Simulations Plus financials page for every line item.
Simulations Plus Company Profile
| Ticker | SLP |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Integrated Systems Design (Services) |
| Headquarters | Durham, North Carolina |
| Fiscal Year End | August 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001023459 |
Frequently Asked Questions
What was Simulations Plus' revenue in fiscal 2025?
Simulations Plus (SLP) reported revenue of $79.2M for fiscal 2025.
What is Simulations Plus' annual revenue history?
Simulations Plus' annual revenue by fiscal year: 2020: $41.6M; 2021: $46.5M; 2022: $53.9M; 2023: $59.6M; 2024: $70.0M; 2025: $79.2M.
What was Simulations Plus' net income in fiscal 2025?
Simulations Plus reported net income of -$64.7M for fiscal 2025.
What was Simulations Plus' earnings per share (EPS) in fiscal 2025?
Simulations Plus' diluted EPS was -$3.22 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Simulations Plus generate in fiscal 2025?
Simulations Plus generated $17.4M of free cash flow in fiscal 2025.
What was Simulations Plus' revenue last quarter?
In its most recent reported quarter (2026 Q3), Simulations Plus reported revenue of $21.9M.
How many shares of Simulations Plus are outstanding?
Simulations Plus reported a weighted average of 20.2 million basic shares outstanding in 2026 Q3.
What is Simulations Plus' market cap?
Based on its latest closing price, Simulations Plus (SLP) has a market capitalization of about $374.4M.
When does Simulations Plus' fiscal year end?
Simulations Plus' fiscal year end, as registered with the SEC, is August 31.
Where is Simulations Plus headquartered?
Simulations Plus lists its business address in Durham, North Carolina in its SEC filings.
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