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.

Simulations Plus, Inc. (SLP) Financials

SLP

Trailing 12 months to May 31, 2026

Revenue $82.1M +2.1% YoY

Net Income $8.1M +112.8% YoY

EPS (Diluted) $0.40 +112.7% YoY

Free Cash Flow $24.5M +78.6% YoY

Market Cap $372.5M as of Sep 11, 2026

Price / Sales 4.5x on $82.1M revenue, trailing 12 months to May 31, 2026

Price / Earnings 46.0x on $8.1M net income, trailing 12 months to May 31, 2026

Price / Book 2.7x on $139.0M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended May 31, 2026 Reported Jul 9, 2026 Currency USD FYE August

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 9, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SLP SEC filings page.

Simulations Plus, Inc. (SLP) reported $82.1M in revenue over the twelve months to May 31, 2026, up 2.1% from the prior twelve months. This page shows its 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).

Rhea AI SLP FY2025 2026-08-29

A noncash earnings reset dominates a still-cash-generative, lightly levered software business with widening cost pressure

FY2025 paired a net loss of -$64.7M with operating cash flow of $18.1M, indicating reported earnings were overwhelmed by noncash charges rather than cash operating losses. Goodwill fell from $96.1M in FY2024 to $43.7M in FY2025, providing a balance-sheet clue for that divergence.

Revenue reached $79.2M in FY2025, yet gross margin was only 58.4%. The combination points to a business handling more sales with materially less gross profit per sales dollar than its 80.5% FY2023 level.

Liabilities were just $7.1M against $124.8M of equity, so the balance sheet remains lightly levered. Debt-to-equity was 0.1x, making borrowing an unlikely explanation for the earnings swing; the more visible pressure is operating economics and the goodwill reset.

Financial Health Signals

Financial Health Score 61/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Simulations Plus, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Simulations Plus, Inc. has an operating margin of -89.3%, meaning the company loses $89 on every $100 of revenue. This results in a profitability score of 8/100. This is down from 8.8% the prior year.

Growth

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 76/100.

Leverage

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 84/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

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 96/100.

Cash Flow

Simulations Plus, Inc. converts 22.0% of revenue into free cash flow ($17.4M). This strong cash generation earns a score of 90/100.

Returns

Simulations Plus, Inc. posts a -51.9% return on equity (ROE), meaning it loses $52 for every $100 of shareholders' equity. This results in a returns score of 11/100. This is down from 5.5% the prior year.

Altman Z-Score Safe

30.20

Simulations Plus, Inc. scores 30.20, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($372.5M) relative to total liabilities ($7.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/8

Simulations Plus, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

N/A

Simulations Plus, Inc. reported a net loss of $64.7M while generating $18.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$21.9M

YoY+7.5%

QoQ-9.9%

5Y CAGR+11.4%

10Y CAGR+13.8%

Simulations Plus, Inc. generated $21.9M in revenue in Q3 2026. This represents an increase of 7.5% from the same quarter a year earlier. Against the prior quarter it is down 9.9%.

EBITDA

$4.6M

YoY+106.2%

QoQ-19.7%

Simulations Plus, Inc.'s EBITDA was $4.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 106.2% from the same quarter a year earlier. Against the prior quarter it is down 19.7%.

Net Income

$3.6M

YoY+105.3%

QoQ-21.2%

5Y CAGR-1.1%

10Y CAGR+6.5%

Simulations Plus, Inc. reported $3.6M in net income in Q3 2026. This represents an increase of 105.3% from the same quarter a year earlier. Against the prior quarter it is down 21.2%.

EPS (Diluted)

$0.18

YoY+105.4%

QoQ-18.2%

5Y CAGR0.0%

10Y CAGR+5.0%

Simulations Plus, Inc. earned $0.18 per diluted share (EPS) in Q3 2026. This represents an increase of 105.4% from the same quarter a year earlier. Against the prior quarter it is down 18.2%.

Cash & Balance Sheet

Free Cash Flow

$8.6M

YoY+9.8%

QoQ+35.3%

5Y CAGR+17.1%

10Y CAGR+15.3%

Simulations Plus, Inc. generated $8.6M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 9.8% from the same quarter a year earlier. Against the prior quarter it is up 35.3%.

Cash & Debt

$35.3M

YoY+31.1%

QoQ+37.3%

5Y CAGR-9.7%

10Y CAGR+17.1%

Simulations Plus, Inc. held $35.3M in cash as of Q3 2026; long-term debt is not reported for that period.

Shares Outstanding

20M

YoY+0.5%

QoQ+0.1%

5Y CAGR+0.1%

10Y CAGR+1.7%

Simulations Plus, Inc. had 20M shares outstanding in Q3 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

69.1%

YoY+5.1pp

QoQ+2.7pp

5Y change-11.5pp

10Y change-11.0pp

Simulations Plus, Inc.'s gross margin was 69.1% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 5.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.

Operating Margin

20.6%

QoQ-2.6pp

Simulations Plus, Inc.'s operating margin was 20.6% in Q3 2026, reflecting core business profitability. Against the prior quarter it is down 2.6 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

16.3%

QoQ-2.3pp

5Y change-13.3pp

10Y change-15.4pp

Simulations Plus, Inc.'s net profit margin was 16.3% in Q3 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 2.3 percentage points. No change is given against Q3 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

2.6%

YoY+56.9pp

QoQ-0.8pp

5Y change+0.3pp

10Y change-6.3pp

Simulations Plus, Inc.'s ROE was 2.6% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 56.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.

Capital Allocation

R&D Spending

$3.4M

YoY+180.1%

QoQ-1.8%

Simulations Plus, Inc. invested $3.4M in research and development in Q3 2026. This represents an increase of 180.1% from the same quarter a year earlier. Against the prior quarter it is down 1.8%.

Capital Expenditures

$93K

YoY-68.7%

QoQ+102.2%

5Y CAGR-24.7%

10Y CAGR+12.0%

Simulations Plus, Inc. invested $93K in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 68.7% from the same quarter a year earlier. Against the prior quarter it is up 102.2%.

Share Buybacks

Not reported for Q3 2026.

SLP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SLP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$82.1M	$79.2M+13.1%	$70.0M+17.5%	$59.6M+10.5%	$53.9M+16.0%	$46.5M+11.7%	$41.6M+22.4%	$34.0M+14.5%	$29.7M+22.9%	$24.1M+20.9%	$20.0M+9.1%	$18.3M+59.8%	$11.5M+13.8%	$10.1M+6.6%	$9.4M+8.1%	$8.7M
Cost of Revenue	$30.1M	$33.0M+22.7%	$26.9M+131.0%	$11.6M+7.5%	$10.8M+2.1%	$10.6M-0.5%	$10.6M+18.0%	$9.0M+12.9%	$8.0M+26.7%	$6.3M+37.1%	$4.6M+4.8%	$4.4M+169.6%	$1.6M-1.1%	$1.6M+9.0%	$1.5M-3.1%	$1.6M
Gross Profit	$52.0M	$46.2M+7.1%	$43.2M-10.0%	$47.9M+11.3%	$43.1M+20.1%	$35.9M+15.9%	$30.9M+24.0%	$24.9M+15.1%	$21.7M+21.5%	$17.8M+16.0%	$15.4M+10.4%	$13.9M+41.6%	$9.8M+16.7%	$8.4M+6.1%	$7.9M+10.6%	$7.2M
R&D Expenses	$11.5M	$6.9M+19.6%	$5.8M+27.8%	$4.5M+40.4%	$3.2M-20.7%	$4.0M+36.0%	$3.0M+19.0%	$2.5M+39.6%	$1.8M+30.9%	$1.4M-5.4%	$1.4M+8.8%	$1.3M+39.4%	$953K+18.7%	$802K-15.3%	$948K+104.1%	$464K
SG&A Expenses	$17.7M	$20.9M-6.3%	$22.4M-19.2%	$27.7M+37.7%	$20.1M-2.3%	$20.6M+25.7%	$16.4M+38.7%	$11.8M+23.1%	$9.6M+16.9%	$8.2M+22.5%	$6.7M-0.6%	$6.7M+51.7%	$4.4M+25.1%	$3.5M+5.0%	$3.4M+6.1%	$3.2M
Operating Income	$11.5M	-$70.7M-1253.6%	$6.1M-29.7%	$8.7M-41.5%	$14.9M+32.5%	$11.3M-3.0%	$11.6M+9.0%	$10.6M+3.4%	$10.3M+24.6%	$8.3M+14.3%	$7.2M+23.5%	$5.9M+31.9%	$4.4M+9.0%	$4.1M+12.7%	$3.6M+2.3%	$3.5M
EBITDA	N/A	-$62.5M-630.0%	$11.8M-6.1%	$12.6M-32.0%	$18.5M+24.5%	$14.8M+1.9%	$14.6M+8.7%	$13.4M+2.9%	$13.0M+25.3%	$10.4M+13.4%	$9.2M+16.8%	$7.8M+74.9%	$4.5M+9.0%	$4.1M+12.6%	$3.7M+2.9%	$3.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	$22K	$0	$0-100.0%	$153K+300.7%	$38K	$0	$0	N/A	$0-100.0%	$3-93.0%	$43
Income Tax	$4.4M	-$4.7M-289.6%	$2.5M+41.7%	$1.7M-34.1%	$2.6M+102.0%	$1.3M-36.6%	$2.1M+4.2%	$2.0M+63.9%	$1.2M-50.9%	$2.5M+7.3%	$2.3M+23.6%	$1.8M+24.3%	$1.5M+8.6%	$1.4M+19.9%	$1.1M+10.4%	$1.0M
Net Income	$8.1M	-$64.7M-750.2%	$10.0M-0.1%	$10.0M-20.2%	$12.5M+27.6%	$9.8M+4.8%	$9.3M+8.7%	$8.6M-3.9%	$8.9M+54.4%	$5.8M+16.9%	$5.0M+28.8%	$3.8M+27.0%	$3.0M+4.8%	$2.9M-4.7%	$3.0M+11.5%	$2.7M
EPS (Basic)	N/A	-$3.22-744.0%	$0.500.0%	$0.50-19.4%	$0.62+26.5%	$0.49-5.8%	$0.52+6.1%	$0.49-5.8%	$0.52+52.9%	$0.34+17.2%	$0.29+26.1%	$0.23+21.1%	$0.19+5.6%	$0.18-5.3%	$0.19+11.8%	$0.17
EPS (Diluted)	$0.40	-$3.22-757.1%	$0.490.0%	$0.49-18.3%	$0.60+27.7%	$0.47-6.0%	$0.50+4.2%	$0.48-4.0%	$0.50+51.5%	$0.33+13.8%	$0.29+26.1%	$0.23+27.8%	$0.180.0%	$0.18-5.3%	$0.19+11.8%	$0.17
Diluted Shares (Avg)	N/A	20M-1.0%	20M-0.8%	20M-1.4%	21M0.0%	21M+11.9%	19M+2.7%	18M+1.1%	18M+2.0%	18M+1.8%	17M+1.0%	17M+3.8%	16M+0.5%	16M+1.0%	16M+0.4%	16M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$21.9M+7.5%	$24.3M+8.3%	$18.4M-2.7%	$17.5M-6.5%	$20.4M+9.8%	$22.4M+22.5%	$18.9M+30.5%	$18.7M+19.4%
Cost of Revenue	$6.8M-7.8%	$8.1M-12.4%	$7.5M-13.5%	$7.6M-35.7%	$7.3M+38.7%	$9.3M+83.0%	$8.7M+87.1%	$11.8M+250.5%
Gross Profit	$15.1M+16.1%	$16.1M+23.0%	$10.9M+6.6%	$9.8M+44.2%	$13.0M-1.7%	$13.1M-0.7%	$10.2M+3.8%	$6.8M-44.3%
R&D Expenses	$3.4M+180.1%	$3.5M+61.9%	$3.0M+61.3%	$1.7M-12.9%	$1.2M-6.5%	$2.1M+63.3%	$1.8M+51.8%	$1.9M+78.9%
SG&A Expenses	$4.7M-23.7%	$4.1M-9.7%	$4.0M-25.5%	$4.9M+39.7%	$6.1M-20.0%	$4.6M-17.5%	$5.4M-5.1%	$3.5M-62.7%
Operating Income	$4.5M+106.1%	$5.6M+107.6%	$713K+465.9%	$659K+157.3%	-$74.2M-4048.2%	$2.7M-38.9%	$126K-86.9%	-$1.2M-305.3%
EBITDA	$4.6M+106.2%	$5.7M+103.8%	$2.1M-13.9%	$6.4M+217.4%	-$74.1M-3500.3%	$2.8M-49.3%	$2.4M+16.6%	$2.0M+168.0%
Income Tax	$1.2M+118.3%	$1.4M+211.3%	$294K+359.4%	$1.6M+7750.0%	-$6.7M-993.4%	$434K-64.5%	$64K-86.1%	$20K+104.3%
Net Income	$3.6M+105.3%	$4.5M+47.5%	$676K+228.2%	-$681K-180.8%	-$67.3M-2245.9%	$3.1M-23.7%	$206K-89.4%	$843K+57.9%
EPS (Basic)	$0.18+105.4%	$0.22+46.7%	$0.03+200.0%	-$0.03-175.0%	-$3.35-2193.8%	$0.15-25.0%	$0.01-90.0%	$0.04+33.3%
EPS (Diluted)	$0.18+105.4%	$0.22+46.7%	$0.03+200.0%	-$0.03-175.0%	-$3.35-2333.3%	$0.15-25.0%	$0.01-90.0%	$0.04+33.3%
Diluted Shares (Avg)	20M+0.6%	20M-0.2%	20M-0.2%	N/A	20M-1.6%	20M-0.2%	20M-0.1%	N/A

Not reported in any period shown, so not listed: Interest Expense.

SLP Balance Sheet

SLP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$131.9M-32.9%	$196.6M+5.7%	$186.1M-1.2%	$188.4M+4.7%	$180.0M+6.9%	$168.4M+272.6%	$45.2M+4.4%	$43.3M+12.4%	$38.5M+38.5%	$27.8M+1.7%	$27.3M+30.3%	$21.0M+30.6%	$16.1M-7.4%	$17.3M+9.3%	$15.9M
Current Assets	$51.5M+31.0%	$39.3M-69.8%	$130.4M-11.2%	$146.8M+5.4%	$139.3M+7.9%	$129.1M+509.9%	$21.2M+18.7%	$17.8M+40.7%	$12.7M-0.3%	$12.7M+10.1%	$11.5M0.0%	$11.5M-11.1%	$13.0M-11.6%	$14.7M+10.5%	$13.3M
Cash & Equivalents	$30.9M+199.2%	$10.3M-82.1%	$57.5M+11.6%	$51.6M+39.4%	$37.0M-24.8%	$49.2M+330.4%	$11.4M+21.6%	$9.4M+51.2%	$6.2M-22.6%	$8.0M-6.1%	$8.6M-0.7%	$8.6M-15.4%	$10.2M-19.9%	$12.7M+24.8%	$10.2M
Short-Term Investments	$1.5M-84.9%	$9.9M-82.8%	$57.9M-24.4%	$76.7M-11.5%	$86.6M+29.7%	$66.8M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$9.7M+6.4%	$9.1M-10.4%	$10.2M-26.0%	$13.8M+40.0%	$9.9M+32.7%	$7.4M+47.7%	$5.0M-8.8%	$5.5M+36.2%	$4.0M+34.5%	$3.0M+88.8%	$1.6M-6.7%	$1.7M-10.6%	$1.9M+31.6%	$1.5M+24.0%	$1.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$43.7M-54.5%	$96.1M+403.1%	$19.1M+47.8%	$12.9M0.0%	$12.9M0.0%	$12.9M+24.4%	$10.4M0.0%	$10.4M0.0%	$10.4M+116.9%	$4.8M0.0%	$4.8M	$0	N/A	N/A	N/A
Total Liabilities	$7.1M-49.8%	$14.2M-11.6%	$16.1M+58.6%	$10.1M-28.6%	$14.2M+14.6%	$12.4M+64.8%	$7.5M-33.8%	$11.4M-10.6%	$12.7M+150.1%	$5.1M-34.9%	$7.8M+40.9%	$5.5M+204.6%	$1.8M-17.4%	$2.2M+20.4%	$1.8M
Current Liabilities	$6.7M-44.3%	$12.1M+0.7%	$12.0M+55.0%	$7.7M-33.2%	$11.6M+110.2%	$5.5M+15.1%	$4.8M-0.9%	$4.8M+136.3%	$2.0M-3.9%	$2.1M-41.2%	$3.6M+159.7%	$1.4M+122.2%	$626K-55.8%	$1.4M+24.0%	$1.1M
Non-Current Liabilities	$410K-80.8%	$2.1M-47.6%	$4.1M+70.3%	$2.4M-8.5%	$2.6M-61.9%	$6.9M+151.9%	$2.7M-58.2%	$6.5M-38.8%	$10.7M+260.8%	$3.0M-29.6%	$4.2M+1.1%	$4.2M+247.8%	$1.2M+51.4%	$789K+14.4%	$690K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.3M-41.9%	$5.7M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$124.8M-31.6%	$182.4M+7.3%	$170.0M-4.6%	$178.2M+7.5%	$165.8M+6.2%	$156.0M+314.1%	$37.7M+18.0%	$31.9M+23.7%	$25.8M+13.5%	$22.7M+16.4%	$19.5M+26.5%	$15.4M+8.4%	$14.2M-5.9%	$15.1M+7.9%	$14.0M
Retained Earnings	-$34.4M-213.2%	$30.4M+20.5%	$25.2M-37.1%	$40.0M+23.6%	$32.4M+18.1%	$27.4M+22.7%	$22.4M+25.8%	$17.8M+29.8%	$13.7M+20.6%	$11.3M+15.7%	$9.8M+5.0%	$9.3M-0.5%	$9.4M-10.6%	$10.5M+6.5%	$9.9M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$153.0M+13.9%	$146.5M-27.3%	$137.8M-30.0%	$131.9M-32.9%	$134.4M-30.3%	$201.4M+3.8%	$196.9M+6.0%	$196.6M+5.7%
Current Assets	$75.1M+45.1%	$67.6M+44.6%	$58.1M+43.9%	$51.5M+31.0%	$51.8M-61.8%	$46.7M-63.5%	$40.4M-68.8%	$39.3M-69.8%
Cash & Equivalents	$35.3M+31.1%	$25.7M+134.1%	$30.2M+387.9%	$30.9M+199.2%	$26.9M-75.3%	$11.0M-70.3%	$6.2M-84.5%	$10.3M-82.1%
Short-Term Investments	$14.7M+877.7%	$16.1M+55.0%	$5.5M-54.1%	$1.5M-84.9%	$1.5M-84.8%	$10.4M-85.5%	$12.0M-83.8%	$9.9M-82.8%
Accounts Receivable	$17.2M+16.4%	$18.2M+10.2%	$12.2M-5.1%	$9.7M+6.4%	$14.8M+45.7%	$16.5M+25.8%	$12.8M+23.8%	$9.1M-10.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0-100.0%	$0	$0
Goodwill	$43.7M+0.5%	$43.7M-54.6%	$43.7M-54.6%	$43.7M-54.5%	$43.5M+127.7%	$96.3M+404.2%	$96.3M+404.2%	$96.1M+403.1%
Total Liabilities	$13.9M+31.8%	$12.7M+7.0%	$10.7M-12.3%	$7.1M-49.8%	$10.6M-10.6%	$11.9M-29.9%	$12.2M-9.0%	$14.2M-11.6%
Current Liabilities	$13.6M+33.9%	$12.3M+15.4%	$10.3M+6.2%	$6.7M-44.3%	$10.1M-10.5%	$10.7M-26.4%	$9.7M+13.4%	$12.1M+0.7%
Non-Current Liabilities	$375K-16.7%	$370K-68.8%	$378K-84.8%	$410K-80.8%	$450K-12.1%	$1.2M-50.8%	$2.5M-48.8%	$2.1M-47.6%
Total Equity	$139.0M+12.3%	$133.8M-29.4%	$127.1M-31.2%	$124.8M-31.6%	$123.8M-31.6%	$189.5M+7.1%	$184.7M+7.2%	$182.4M+7.3%
Retained Earnings	-$25.6M+24.1%	-$29.2M-186.7%	-$33.7M-210.2%	-$34.4M-213.2%	-$33.7M-209.7%	$33.6M+16.9%	$30.6M+17.8%	$30.4M+20.5%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

SLP Cash Flow Statement

SLP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$24.9M	$18.1M+36.1%	$13.3M-39.1%	$21.9M+22.1%	$17.9M-6.8%	$19.2M+76.0%	$10.9M-6.2%	$11.6M+25.3%	$9.3M+35.0%	$6.9M+27.0%	$5.4M-24.1%	$7.1M+34.5%	$5.3M+107.1%	$2.6M-32.3%	$3.8M+8.2%	$3.5M
Depreciation & Amortization	N/A	$8.2M+44.9%	$5.7M+47.5%	$3.8M+7.4%	$3.6M-0.4%	$3.6M+21.2%	$3.0M+7.7%	$2.8M+1.1%	$2.7M+27.9%	$2.1M+10.2%	$1.9M-3.0%	$2.0M+4113.3%	$47K+10.9%	$43K+1.8%	$42K+91.6%	$22K
Stock-Based Compensation	N/A	$6.4M-2.8%	$6.5M+35.4%	$4.8M+59.0%	$3.0M+10.4%	$2.8M+74.4%	$1.6M+46.3%	$1.1M+52.0%	$709K+14.0%	$622K+79.1%	$347K+17.6%	$295K+104.6%	$144K+24.7%	$116K-9.4%	$128K-17.7%	$155K
Capital Expenditures	$403K	$713K+26.0%	$566K+24.9%	$453K-44.7%	$819K-49.7%	$1.6M+604.3%	$231K+67.4%	$138K-24.7%	$183K+4.2%	$176K+349.8%	$39K-45.2%	$71K+191.5%	$24K-53.9%	$53K-50.3%	$107K+459.3%	$19K
Free Cash Flow	$24.5M	$17.4M+36.5%	$12.8M-40.4%	$21.4M+25.3%	$17.1M-2.8%	$17.6M+64.6%	$10.7M-7.1%	$11.5M+26.3%	$9.1M+35.8%	$6.7M+24.7%	$5.4M-23.9%	$7.1M+33.8%	$5.3M+110.5%	$2.5M-31.8%	$3.7M+5.7%	$3.5M
Investing Cash Flow	-$17.2M	$3.6M+106.6%	-$54.0M-832.7%	$7.4M+71.1%	$4.3M+116.1%	-$26.7M+64.6%	-$75.5M-3760.2%	-$2.0M+16.0%	-$2.3M+46.5%	-$4.4M-122.8%	-$2.0M+37.5%	-$3.1M	N/A	-$1.2M-240.8%	$839K+178.5%	-$1.1M
Financing Cash Flow	$593K	-$1.1M+82.5%	-$6.6M+71.8%	-$23.3M-205.2%	-$7.6M-62.7%	-$4.7M-104.6%	$102.4M+1438.5%	-$7.6M-102.7%	-$3.8M+13.0%	-$4.3M-8.9%	-$4.0M+2.1%	-$4.1M	N/A	N/A	N/A	N/A
Dividends Paid	N/A	$0-100.0%	$4.8M-0.3%	$4.8M-0.8%	$4.8M+0.7%	$4.8M+13.2%	$4.3M+1.3%	$4.2M+0.8%	$4.2M+20.7%	$3.4M+1.0%	$3.4M+1.1%	$3.4M+9.8%	$3.1M-23.1%	$4.0M+67.9%	$2.4M	$0
Share Buybacks	N/A	$0	$0-100.0%	$20.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$2.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$8.7M+6.9%	$6.4M+13.1%	$4.2M+432.3%	$5.6M+235.8%	$8.1M+43.3%	$5.7M-2.4%	-$1.3M-886.4%	$1.7M-45.6%
Depreciation & Amortization	$100K0.0%	$100K0.0%	$1.3M-40.6%	$1.4M-38.6%	$100K-66.7%	$100K-91.0%	$2.3M+107.6%	$2.2M+112.7%
Stock-Based Compensation	$1.6M+14.3%	$1.5M-6.3%	$1.6M-6.3%	N/A	$1.4M-17.6%	$1.6M0.0%	$1.7M+26.6%	N/A
Capital Expenditures	$93K-68.7%	$46K-30.3%	$0-100.0%	$264K+1550.0%	$297K+153.8%	$66K-84.8%	$86K	$16K-91.8%
Free Cash Flow	$8.6M+9.8%	$6.4M+13.6%	$4.2M+411.3%	$5.3M+223.0%	$7.8M+41.0%	$5.6M+4.2%	-$1.4M-939.5%	$1.6M-42.5%
Investing Cash Flow	$878K-88.8%	-$11.3M-1759.1%	-$4.9M-56.2%	-$1.8M+98.2%	$7.8M-88.8%	$684K+109.1%	-$3.1M+81.4%	-$99.5M-19234.6%
Financing Cash Flow	$10K+42.9%	$474K+130.6%	$2K-99.3%	$107K+111.3%	$7K+100.2%	-$1.5M-47.1%	$288K+127.9%	-$945K+20.5%
Dividends Paid	N/A	N/A	N/A	$1.2M0.0%	$1.2M0.0%	$1.2M0.0%	$0-100.0%	$1.2M+0.5%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0

SLP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SLP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	58.4%-3.2pp	61.6%-18.9pp	80.5%+0.6pp	79.9%+2.7pp	77.2%+2.8pp	74.4%+1.0pp	73.4%+0.4pp	73.0%-0.8pp	73.9%-3.1pp	77.0%+0.9pp	76.0%-9.8pp	85.8%+2.1pp	83.7%-0.4pp	84.0%+1.8pp	82.2%
Operating Margin	-89.3%-98.1pp	8.8%-5.9pp	14.6%-13.0pp	27.7%+3.4pp	24.2%-3.7pp	27.9%-3.4pp	31.4%-3.4pp	34.7%+0.5pp	34.2%-2.0pp	36.2%+4.2pp	32.0%-6.8pp	38.7%-1.7pp	40.4%+2.2pp	38.2%-2.2pp	40.4%
Net Margin	-81.7%-96.0pp	14.2%-2.5pp	16.7%-6.4pp	23.2%+2.1pp	21.1%-1.4pp	22.4%-2.8pp	25.3%-4.9pp	30.1%+6.1pp	24.0%-0.8pp	24.8%+3.8pp	21.0%-5.4pp	26.4%-2.3pp	28.7%-3.4pp	32.0%+1.0pp	31.1%
Return on Equity	-51.9%-57.3pp	5.5%-0.4pp	5.9%-1.1pp	7.0%+1.1pp	5.9%-0.1pp	6.0%-16.8pp	22.8%-5.2pp	28.0%+5.6pp	22.4%+0.7pp	21.8%+2.1pp	19.7%+0.1pp	19.6%-0.7pp	20.3%+0.3pp	20.0%+0.7pp	19.3%
Return on Assets	-49.0%-54.1pp	5.1%-0.3pp	5.3%-1.3pp	6.6%+1.2pp	5.4%-0.1pp	5.5%-13.5pp	19.0%-1.6pp	20.6%+5.6pp	15.0%-2.8pp	17.8%+3.7pp	14.1%-0.4pp	14.4%-3.6pp	18.0%+0.5pp	17.4%+0.3pp	17.1%
Current Ratio	7.67+4.4x	3.26-7.6x	10.88-8.1x	18.98+6.9x	12.04-11.4x	23.45+19.0x	4.42+0.7x	3.69-2.5x	6.20+0.2x	5.98+2.8x	3.19-5.1x	8.29-12.4x	20.71+10.3x	10.36-1.3x	11.63
Debt-to-Equity	0.060.0x	0.080.0x	0.090.0x	0.060.0x	0.090.0x	0.08-0.1x	0.20+0.1x	0.10-0.1x	0.220.0x	0.22-0.2x	0.400.0x	0.36+0.2x	0.130.0x	0.150.0x	0.13
Asset Turnover	0.60+0.2x	0.360.0x	0.320.0x	0.290.0x	0.260.0x	0.25-0.5x	0.75+0.1x	0.69+0.1x	0.63-0.1x	0.720.0x	0.67+0.1x	0.55-0.1x	0.63+0.1x	0.540.0x	0.55
FCF Margin	22.0%+3.8pp	18.2%-17.7pp	35.9%+4.2pp	31.7%-6.1pp	37.8%+12.2pp	25.7%-8.2pp	33.9%+3.2pp	30.7%+2.9pp	27.8%+0.8pp	26.9%-11.6pp	38.6%-7.5pp	46.1%+21.2pp	24.9%-14.0pp	38.9%-0.9pp	39.8%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	69.1%+5.1pp	66.5%+7.9pp	59.1%+5.1pp	56.4%+19.8pp	64.0%-7.5pp	58.5%-13.7pp	54.0%-13.9pp	36.6%-41.8pp
Operating Margin	20.6%	23.2%+11.1pp	3.9%+3.2pp	3.8%+9.9pp	-364.5%	12.1%-12.2pp	0.7%-5.9pp	-6.2%-4.3pp
Net Margin	16.3%	18.7%+5.0pp	3.7%+2.6pp	-3.9%-8.4pp	-330.6%	13.7%-8.3pp	1.1%-12.3pp	4.5%+1.1pp
Return on Equity	2.6%+56.9pp	3.4%+1.8pp	0.5%+0.4pp	-0.5%-1.0pp	-54.4%-56.1pp	1.6%-0.7pp	0.1%-1.0pp	0.5%+0.1pp
Return on Assets	2.3%+52.4pp	3.1%+1.6pp	0.5%+0.4pp	-0.5%-0.9pp	-50.1%-51.7pp	1.5%-0.5pp	0.1%-1.0pp	0.4%+0.1pp
Current Ratio	5.54+0.4x	5.47+1.1x	5.62+1.5x	7.67+4.4x	5.11-6.9x	4.37-4.4x	4.15-11.0x	3.26-7.6x
Debt-to-Equity	0.100.0x	0.100.0x	0.080.0x	0.060.0x	0.090.0x	0.060.0x	0.070.0x	0.080.0x
Asset Turnover	0.140.0x	0.17+0.1x	0.130.0x	0.130.0x	0.15+0.1x	0.110.0x	0.100.0x	0.090.0x
FCF Margin	39.4%+0.8pp	26.2%+1.2pp	23.0%+30.2pp	30.5%+21.7pp	38.5%+8.5pp	25.0%-4.4pp	-7.2%-8.3pp	8.8%-9.5pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Simulations Plus, Inc. SLP	FY2025	$79.2M	-$64.7M	-81.7%	$372.5M	61/100
Mobile-health Network Solutions MNDR	FY2025	$7.6M	-$3.4M	-44.3%	$1.6M	20/100
LifeMD, Inc. LFMD	FY2025	$194.1M	-$11.2M	-5.8%	$147.0M	41/100
Health Catalyst, Inc HCAT	FY2025	$311.1M	-$178.0M	-57.2%	$127.9M	38/100
SOPHiA GENETICS SA SOPH	FY2025	$77.3M	-$79.0M	N/A	$670.0M	30/100
CareCloud, Inc. CCLD	FY2025	$120.5M	$11K	0.0%	$87.1M	46/100

Where Simulations Plus, Inc. Ranks

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 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 return on equity (ROE)?

Simulations Plus, Inc. (SLP) has a return on equity of -51.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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 P/E ratio?

Simulations Plus, Inc. (SLP) trades at 46.0x earnings, its market capitalization divided by net income of $8.1M net income, trailing 12 months to May 31, 2026. The market capitalization is $372.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Simulations Plus, Inc.'s price-to-sales ratio?

Simulations Plus, Inc. (SLP) trades at 4.5x sales, its market capitalization divided by revenue of $82.1M revenue, trailing 12 months to May 31, 2026. The market capitalization is $372.5M as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Simulations Plus, Inc.'s Altman Z-Score?

Simulations Plus, Inc. (SLP) has an Altman Z-Score of 30.20, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Simulations Plus, Inc.'s Piotroski F-Score?

Simulations Plus, Inc. (SLP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $64.7M while generating $18.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 61 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.