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Simulations Plus SLP Services — Gross Profit

Other segment segments

Software
$11.1M+10.1%

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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+32.7%
Enterprise value$335.68M+32.7%
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:GrossProfit.

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 — gross profit?
Simulations Plus (SLP) reported services — gross profit of $4.03M in Q1 2026.
How has Simulations Plus's services — gross profit changed year-over-year?
Simulations Plus's services — gross profit increased by 36.4% year-over-year, from $2.96M to $4.03M.
What is the long-term trend for Simulations Plus's services — gross profit?
Over 4 years (2021 to 2025), Simulations Plus's services — gross profit has grown at a -3.2% compound annual growth rate (CAGR), from $11.43M to $10.05M.
What does services — gross profit mean?
This is the residual profit earned by the services segment after deducting the direct costs associated with providing those services from total segment revenue. It measures the core operational efficiency of the service delivery model before accounting for overhead or administrative expenses. A healthy gross profit is vital for sustaining the company's overall profitability.

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