Simulations Plus Inc Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Simulations Plus Inc has an operating margin of -89.3%, meaning the company retains $-89 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 8.8% the prior year.
Simulations Plus Inc's revenue grew 13.1% year-over-year to $79.2M, a solid pace of expansion. This earns a growth score of 66/100.
Simulations Plus Inc carries a low D/E ratio of 0.06, meaning only $0.06 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.67, Simulations Plus Inc holds $7.67 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Simulations Plus Inc converts 22.0% of revenue into free cash flow ($17.4M). This strong cash generation earns a score of 100/100.
Simulations Plus Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Simulations Plus Inc generates $-0.28 in operating cash flow ($18.1M OCF vs -$64.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Simulations Plus Inc (SLP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Simulations Plus Inc generated $79.2M in revenue in fiscal year 2025. This represents an increase of 13.1% from the prior year.
Simulations Plus Inc's EBITDA was -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 630.0% from the prior year.
Simulations Plus Inc generated $17.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 36.5% from the prior year.
Simulations Plus Inc reported -$64.7M in net income in fiscal year 2025. This represents a decrease of 750.2% from the prior year.
Simulations Plus Inc earned $-3.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 757.1% from the prior year.
Simulations Plus Inc held $30.9M in cash against $0 in long-term debt as of fiscal year 2025.
Simulations Plus Inc had 20M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Simulations Plus Inc's gross margin was 58.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the prior year.
Simulations Plus Inc's operating margin was -89.3% in fiscal year 2025, reflecting core business profitability. This is down 98.1 percentage points from the prior year.
Simulations Plus Inc's net profit margin was -81.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 96.0 percentage points from the prior year.
Simulations Plus Inc invested $6.9M in research and development in fiscal year 2025. This represents an increase of 19.6% from the prior year.
Simulations Plus Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Simulations Plus Inc invested $713K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.0% from the prior year.
SLP Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.4M-9.5% | $20.4M-9.2% | $22.4M+18.5% | $18.9M+2.0% | $18.5M+1.3% | $18.3M+26.2% | $14.5M-10.7% | $16.2M |
| Cost of Revenue | $7.5M+2.7% | $7.3M-21.2% | $9.3M+6.9% | $8.7M+64.7% | $5.3M+4.0% | $5.1M+9.3% | $4.7M+57.1% | $3.0M |
| Gross Profit | $10.9M-16.4% | $13.0M-0.7% | $13.1M+28.5% | $10.2M-22.9% | $13.3M+0.3% | $13.2M+34.3% | $9.8M-25.8% | $13.3M |
| R&D Expenses | $3.0M+145.1% | $1.2M-43.3% | $2.1M+16.0% | $1.8M+42.2% | $1.3M-0.9% | $1.3M+7.8% | $1.2M+28.8% | $945K |
| SG&A Expenses | $4.0M-34.6% | $6.1M+34.8% | $4.6M-15.5% | $5.4M-29.8% | $7.7M+39.1% | $5.5M-2.9% | $5.7M-13.2% | $6.5M |
| Operating Income | $713K+101.0% | -$74.2M-2836.9% | $2.7M+2052.4% | $126K-93.3% | $1.9M-57.7% | $4.4M+362.7% | $960K-76.6% | $4.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $294K+104.4% | -$6.7M-1650.0% | $434K+578.1% | $64K-91.5% | $753K-38.4% | $1.2M+165.3% | $461K-50.5% | $932K |
| Net Income | $676K+101.0% | -$67.3M-2289.9% | $3.1M+1392.2% | $206K-93.4% | $3.1M-22.1% | $4.0M+107.1% | $1.9M-51.5% | $4.0M |
| EPS (Diluted) | $0.03+100.9% | $-3.35-2333.3% | $0.15+1400.0% | $0.01-93.3% | $0.15-25.0% | $0.20+100.0% | $0.10-50.0% | $0.20 |
SLP Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $137.8M+2.6% | $134.4M-33.3% | $201.4M+2.3% | $196.9M+0.1% | $196.6M+1.4% | $194.0M+4.4% | $185.8M-0.2% | $186.1M |
| Current Assets | $58.1M+12.3% | $51.8M+10.8% | $46.7M+15.6% | $40.4M+2.7% | $39.3M-69.3% | $128.0M-1.3% | $129.7M-0.5% | $130.4M |
| Cash & Equivalents | $30.2M+12.0% | $26.9M+145.2% | $11.0M+77.7% | $6.2M-40.0% | $10.3M-72.2% | $37.0M-6.9% | $39.8M-30.8% | $57.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $12.2M-17.8% | $14.8M-10.4% | $16.5M+28.8% | $12.8M+40.1% | $9.1M-30.3% | $13.1M+26.8% | $10.3M+1.4% | $10.2M |
| Goodwill | $43.7M+0.5% | $43.5M-54.8% | $96.3M0.0% | $96.3M+0.2% | $96.1M+403.1% | $19.1M0.0% | $19.1M0.0% | $19.1M |
| Total Liabilities | $10.7M+1.3% | $10.6M-10.9% | $11.9M-2.8% | $12.2M-14.0% | $14.2M-16.1% | $16.9M+26.0% | $13.4M-16.4% | $16.1M |
| Current Liabilities | $10.3M+2.1% | $10.1M-5.3% | $10.7M+9.8% | $9.7M-19.3% | $12.1M-16.9% | $14.5M+69.2% | $8.6M-28.4% | $12.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $127.1M+2.7% | $123.8M-34.7% | $189.5M+2.6% | $184.7M+1.2% | $182.4M+3.0% | $177.0M+2.7% | $172.3M+1.4% | $170.0M |
| Retained Earnings | -$33.7M0.0% | -$33.7M-200.1% | $33.6M+10.1% | $30.6M+0.7% | $30.4M+5.5% | $28.8M+10.9% | $25.9M+3.0% | $25.2M |
SLP Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.2M-48.0% | $8.1M+43.7% | $5.7M+545.0% | -$1.3M-176.6% | $1.7M-71.4% | $5.8M+3486.4% | $162K-94.7% | $3.1M |
| Capital Expenditures | $0-100.0% | $297K+350.0% | $66K-23.3% | $86K+437.5% | $16K-96.3% | $433K | $0-100.0% | $196K |
| Free Cash Flow | $4.2M-46.0% | $7.8M+40.0% | $5.6M+512.0% | -$1.4M-182.5% | $1.6M-69.4% | $5.4M+3219.1% | $162K-94.3% | $2.9M |
| Investing Cash Flow | -$4.9M-162.8% | $7.8M+1041.4% | $684K+121.8% | -$3.1M+96.8% | -$99.5M-1223.8% | -$7.5M+55.4% | -$16.9M-3343.1% | $520K |
| Financing Cash Flow | $2K-71.4% | $7K+100.5% | -$1.5M-637.5% | $288K+130.5% | -$945K+10.2% | -$1.1M-1.9% | -$1.0M+13.1% | -$1.2M |
| Dividends Paid | $1.2M+0.2% | $1.2M+0.2% | $1.2M | $0-100.0% | $1.2M+0.3% | $1.2M+0.2% | $1.2M0.0% | $1.2M |
| Share Buybacks | N/A | N/A | N/A | N/A | $0 | N/A | N/A | $0 |
SLP Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.1%-4.9pp | 64.0%+5.5pp | 58.5%+4.5pp | 54.0%-17.5pp | 71.5%-0.7pp | 72.2%+4.3pp | 67.9%-13.8pp | 81.8% |
| Operating Margin | 3.9%+368.4pp | -364.5%-376.6pp | 12.1%+11.4pp | 0.7%-9.5pp | 10.1%-14.1pp | 24.3%+17.6pp | 6.6%-18.6pp | 25.2% |
| Net Margin | 3.7%+334.3pp | -330.6%-344.3pp | 13.7%+12.6pp | 1.1%-15.8pp | 16.9%-5.1pp | 22.0%+8.6pp | 13.4%-11.3pp | 24.7% |
| Return on Equity | 0.5% | N/A | 1.6%+1.5pp | 0.1%-1.6pp | 1.7%-0.6pp | 2.3%+1.2pp | 1.1%-1.2pp | 2.4% |
| Return on Assets | 0.5%+50.6pp | -50.1%-51.6pp | 1.5%+1.4pp | 0.1%-1.5pp | 1.6%-0.5pp | 2.1%+1.0pp | 1.1%-1.2pp | 2.2% |
| Current Ratio | 5.62+0.5 | 5.11+0.7 | 4.37+0.2 | 4.15+0.9 | 3.26-5.5 | 8.81-6.3 | 15.10+4.2 | 10.88 |
| Debt-to-Equity | 0.080.0 | 0.09+0.0 | 0.060.0 | 0.07-0.0 | 0.08-0.0 | 0.10+0.0 | 0.08-0.0 | 0.09 |
| FCF Margin | 23.0%-15.6pp | 38.5%+13.6pp | 25.0%+32.2pp | -7.2%-37.2pp | 30.0%+0.7pp | 29.4%+28.3pp | 1.1%-51.2pp | 52.3% |
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Frequently Asked Questions
What is Simulations Plus Inc's annual revenue?
Simulations Plus Inc (SLP) reported $79.2M in total revenue for fiscal year 2025. This represents a 13.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Simulations Plus Inc's revenue growing?
Simulations Plus Inc (SLP) revenue grew by 13.1% year-over-year, from $70.0M to $79.2M in fiscal year 2025.
Is Simulations Plus Inc profitable?
No, Simulations Plus Inc (SLP) reported a net income of -$64.7M in fiscal year 2025, with a net profit margin of -81.7%.
What is Simulations Plus Inc's earnings per share (EPS)?
Simulations Plus Inc (SLP) reported diluted earnings per share of $-3.22 for fiscal year 2025. This represents a -757.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Simulations Plus Inc's EBITDA?
Simulations Plus Inc (SLP) had EBITDA of -$62.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Simulations Plus Inc's gross margin?
Simulations Plus Inc (SLP) had a gross margin of 58.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Simulations Plus Inc's operating margin?
Simulations Plus Inc (SLP) had an operating margin of -89.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Simulations Plus Inc's net profit margin?
Simulations Plus Inc (SLP) had a net profit margin of -81.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Simulations Plus Inc's free cash flow?
Simulations Plus Inc (SLP) generated $17.4M in free cash flow during fiscal year 2025. This represents a 36.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Simulations Plus Inc's operating cash flow?
Simulations Plus Inc (SLP) generated $18.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Simulations Plus Inc's total assets?
Simulations Plus Inc (SLP) had $131.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Simulations Plus Inc's capital expenditures?
Simulations Plus Inc (SLP) invested $713K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Simulations Plus Inc spend on research and development?
Simulations Plus Inc (SLP) invested $6.9M in research and development during fiscal year 2025.
How many shares does Simulations Plus Inc have outstanding?
Simulations Plus Inc (SLP) had 20M shares outstanding as of fiscal year 2025.
What is Simulations Plus Inc's current ratio?
Simulations Plus Inc (SLP) had a current ratio of 7.67 as of fiscal year 2025, which is generally considered healthy.
What is Simulations Plus Inc's debt-to-equity ratio?
Simulations Plus Inc (SLP) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Simulations Plus Inc's return on assets (ROA)?
Simulations Plus Inc (SLP) had a return on assets of -49.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Simulations Plus Inc's Piotroski F-Score?
Simulations Plus Inc (SLP) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Simulations Plus Inc's earnings high quality?
Simulations Plus Inc (SLP) has an earnings quality ratio of -0.28x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Simulations Plus Inc?
Simulations Plus Inc (SLP) scores 73 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.