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Simulations Plus SLP QSP/QST Services — Revenue

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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×
Current ratio5.5×+1.1×

Where this comes from

Reported directly by Simulations Plus in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Simulations Plus’s 10-K, filed December 1, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Simulations Plus's QSP/QST services — revenue?
Simulations Plus (SLP) reported QSP/QST services — revenue of $1.63M in Q2 2025.
How has Simulations Plus's QSP/QST services — revenue changed year-over-year?
Simulations Plus's QSP/QST services — revenue decreased by 26.5% year-over-year, from $2.22M to $1.63M.
What is the long-term trend for Simulations Plus's QSP/QST services — revenue?
Over 2 years (2023 to 2025), Simulations Plus's QSP/QST services — revenue has grown at a 7.3% compound annual growth rate (CAGR), from $5.68M to $6.54M.
What does QSP/QST services — revenue mean?
This metric represents the total revenue generated from Quantitative Systems Pharmacology (QSP) and Quantitative Systems Toxicology (QST) consulting and contract research services. It reflects the company's ability to monetize specialized scientific expertise and modeling services provided to pharmaceutical and biotechnology clients. Monitoring this revenue stream helps assess the demand for high-end, project-based research support within the broader drug development lifecycle.