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Other financials

Income statement

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Revenue$21.9M+7.5%
Gross profit$15.1M+16.1%
Operating income$4.5M+106%
Net income$3.6M+105%
EPS (diluted)$0.18+105%

Balance sheet

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Cash & equivalents$35.3M+31.1%
Total debt$487.0K-32.3%
Total equity$139.0M+12.3%
Total assets$153.0M+13.9%

Cash flow

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Operating cash flow$8.7M+6.9%
CapEx$93.0K-68.7%
Free cash flow$8.6M+9.8%

Valuation

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Market cap$370.52M+32.9%
Enterprise value$335.68M+33.0%
P/E45.7×
P/S4.5×+1.0×

Profitability

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Gross margin63.4%+9.6pp
Operating margin13.2%
Net margin9.9%+5.2pp
FCF margin29.9%+12.8pp

Returns & leverage

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Return on equity6.2%+3.3pp
Debt / equity0.0×
Current ratio5.5×+0.4×

Where this comes from

Reported directly by Simulations Plus in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Simulations Plus’s 10-Q, filed July 9, 2026.

Filed
Jul 9, 2026, 4:10 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001023459-26-000038
(in thousands, except per common share and common share data)Three Months Ended / May 31, 2026Three Months Ended / May 31, 2025Nine Months Ended / May 31, 2026Nine Months Ended / May 31, 2025
Total cost of revenues6,7597,33122,43725,342
Gross profit15,12713,03242,16136,377
Operating expenses
Research and development3,4061,2169,8565,207
Sales and marketing2,5382,6808,6479,248
General and administrative4,6846,14112,81616,089
Impairments77,22177,221
Total operating expenses10,62887,25831,319107,765

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Simulations Plus's R&D?
Simulations Plus (SLP) reported R&D of $3.41M in Q1 2026.
How has Simulations Plus's R&D changed year-over-year?
Simulations Plus's R&D increased by 180.1% year-over-year, from $1.22M to $3.41M.
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.

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