Every 10-Q that Simulations Plus, Inc. (SLP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SLP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SLP filings page.
Simulations Plus reported stronger results for the quarter ended May 31, 2026 and outlined a pending go‑private transaction. Quarterly revenue grew 7% year over year to $21.9 million, driven by a 20% increase in services revenue while software revenue was flat. Gross margin improved to 69% from 64%, helped by lower software amortization and better services utilization.
The company posted net income of $3.6 million, or $0.18 per diluted share, versus a $67.3 million loss a year ago that was dominated by non‑cash impairments. For the first nine months, revenue reached $64.6 million (up 5%) and net income was $8.8 million. Cash and cash equivalents were $35.3 million, and operating cash flow was $19.4 million for the nine‑month period.
R&D investment increased to 16% of quarterly revenue, reflecting work on a cloud‑enabled, AI‑driven modeling ecosystem. After quarter‑end, the company agreed to be acquired by an Altaris affiliate for $18.50 per share in cash, implying equity value of about $375 million, subject to shareholder and regulatory approvals.
Simulations Plus, Inc. reported solid growth and margin expansion for the quarter and six months ended February 28, 2026. Quarterly revenue rose to $24.3 million, up 8% year over year, driven by 9% software growth and 8% services growth. Gross margin improved to 66% from 59% as software amortization declined following prior Pro-ficiency impairments and services became more efficient.
Net income for the quarter increased to $4.5 million, up 48%, with diluted EPS of $0.22. For the first six months, revenue reached $42.7 million (up 3%), while net income climbed 59% to $5.2 million, reflecting higher services revenue, lower software costs and leaner G&A and sales spending. The company is reinvesting heavily in innovation: total R&D (expensed plus capitalized) rose to 18% of revenue, supporting an integrated, cloud-enabled, AI-driven modeling ecosystem.
The balance sheet remains strong with $25.7 million in cash and equivalents, $16.1 million in short-term investments and net working capital of $55.2 million, while operating cash flow more than doubled to $10.6 million. The effective tax rate increased to the mid‑20% range due to mix of earnings, GILTI impacts and lower FDII benefits, partly offset by accelerated deductions under the One Big Beautiful Bill Act.
Simulations Plus, Inc. reported first‑quarter results showing higher profitability and stronger cash generation despite a slight dip in revenue. Total revenue for the three months ended November 30, 2025 was $18.4 million, down 3% from $18.9 million a year earlier, as software revenue fell 17% to $8.9 million, partly offset by a 16% increase in services revenue to $9.5 million.
Cost of revenues declined 14%, lifting gross profit 7% to $10.9 million and expanding gross margin to 59% from 54%. Net income rose to $0.7 million (basic and diluted EPS $0.03) from $0.2 million ($0.01) despite a higher tax rate, helped by lower software amortization and reduced G&A. Operating cash flow improved to $4.2 million from a use of $1.3 million, supported by stronger working capital inflows and higher deferred revenue. The company increased R&D spending to 21% of revenue (capitalized plus expensed) to enhance its software platforms while maintaining a solid balance sheet with $30.2 million in cash and cash equivalents and $5.5 million in short‑term investments.