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Simulations Plus SLP Services — Cost of Goods Sold

Other segment segments

Software
$1.65M-36.3%

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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:CostOfGoodsAndServicesSold.

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 services — cost of goods sold?
Simulations Plus (SLP) reported services — cost of goods sold of $6.5M in Q4 2025.
How has Simulations Plus's services — cost of goods sold changed year-over-year?
Simulations Plus's services — cost of goods sold decreased by 3.2% year-over-year, from $6.72M to $6.5M.
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.