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Simulations Plus SLP Services — Cost of Goods Sold

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$1.51M-40.4%

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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:CostOfGoodsAndServicesSold.

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)Three Months Ended May 31, 2026 / SoftwareThree Months Ended May 31, 2026 / ServicesThree Months Ended May 31, 2026 / TotalThree Months Ended May 31, 2025 / SoftwareThree Months Ended May 31, 2025 / ServicesThree Months Ended May 31, 2025 / Total
Revenue$12,608$9,278$21,886$12,615$7,748$20,363
Less:
Cost of revenue (1)1,5135,2466,7592,5404,7917,331
Gross Profit11,0954,03215,12710,0752,95713,032
Gross Margin88%43%69%80%38%64%
Less:
Research and Development3,4061,216
Sales and Marketing2,5382,680

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Simulations Plus's services — cost of goods sold?
Simulations Plus (SLP) reported services — cost of goods sold of $5.25M in Q1 2026.
How has Simulations Plus's services — cost of goods sold changed year-over-year?
Simulations Plus's services — cost of goods sold increased by 9.5% year-over-year, from $4.79M to $5.25M.
What is the long-term trend for Simulations Plus's services — cost of goods sold?
Over 4 years (2021 to 2025), Simulations Plus's services — cost of goods sold has grown at a 33.4% compound annual growth rate (CAGR), from $7.37M to $23.31M.
What does services — cost of goods sold mean?
This represents the direct costs incurred to generate revenue within the services segment, including labor, materials, and other expenses directly tied to service delivery. Monitoring these costs is essential for understanding the direct impact of service volume on the company's bottom line. It is a primary driver of the segment's gross margin performance.

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