What is Simulations Plus's R&D?

Simulations Plus (SLP) reported R&D of $3.47M in Q4 2025.

How has Simulations Plus's R&D changed year-over-year?

Simulations Plus's R&D increased by 61.9% year-over-year, from $2.14M to $3.47M.

What is the long-term trend for Simulations Plus's R&D?

Over 4 years (2021 to 2025), Simulations Plus's R&D has grown at a 14.2% compound annual growth rate (CAGR), from $4.05M to $6.88M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Simulations Plus SLP R&D

R&D at other companies

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$43.82M-4.4%

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$12.29M+16.8%

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$14.54M+15.0%

NeoGenomicsNEO

$9.53M-6.4%

Opko HealthOPK

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$57.89M+8.0%

Other financials

Income statement

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Revenue$24.3M+8.3%

Gross profit$16.1M+23.0%

Operating income$5.6M+108%

Net income$4.5M+47.5%

EPS (diluted)$0.22+46.7%

Balance sheet

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Cash & equivalents$25.7M+134%

Total debt$508.0K-36.2%

Total equity$133.8M-29.4%

Total assets$146.5M-27.3%

Cash flow

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Operating cash flow$6.4M+13.1%

CapEx$46.0K-30.3%

Free cash flow$6.4M+13.6%

Valuation

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Market cap$366.73M+5.2%

Enterprise value$341.51M+6.0%

P/S4.6×+0.2×

Profitability

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Gross margin62%+6.7pp

Operating margin-84.3%—

Net margin-78%-87.2pp

FCF margin29.5%+14.9pp

Returns & leverage

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Return on equity-38.8%-42.8pp

Debt / equity0×0.0×

Current ratio5.5×+1.1×

Where this comes from

Reported directly by Simulations Plus in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Simulations Plus’s 10-Q, filed April 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Simulations Plus's R&D?: Simulations Plus (SLP) reported R&D of $3.47M in Q4 2025.
How has Simulations Plus's R&D changed year-over-year?: Simulations Plus's R&D increased by 61.9% year-over-year, from $2.14M to $3.47M.
What is the long-term trend for Simulations Plus's R&D?: Over 4 years (2021 to 2025), Simulations Plus's R&D has grown at a 14.2% compound annual growth rate (CAGR), from $4.05M to $6.88M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.