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Simulations Plus SLP Services — Total cost of revenues

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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$371.13M+32.9%
Enterprise value$336.29M+33.0%
P/E45.8×
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, 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 revenues21,88620,36364,59861,719
Cost of revenues
Software1,5132,5404,5737,765
Services5,2464,79117,86417,577
Total cost of revenues6,7597,33122,43725,342
Gross profit15,12713,03242,16136,377
Operating expenses
Research and development3,4061,2169,8565,207

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Simulations Plus's services — total cost of revenues?
Simulations Plus (SLP) reported services — total cost of revenues of $5.25M in Q1 2026.
How has Simulations Plus's services — total cost of revenues changed year-over-year?
Simulations Plus's services — total cost of revenues increased by 9.5% year-over-year, from $4.79M to $5.25M.
What is the long-term trend for Simulations Plus's services — total cost of revenues?
Over 4 years (2021 to 2025), Simulations Plus's services — total cost of revenues has grown at a 33.4% compound annual growth rate (CAGR), from $7.37M to $23.31M.
What does services — total cost of revenues mean?
This metric represents the aggregate direct expenses incurred by the services segment to deliver consulting and contract research projects to clients. It includes costs such as personnel compensation for researchers, project-related overhead, and other direct operational expenditures necessary to generate service-based revenue. Monitoring this figure helps investors assess the scalability and cost-efficiency of the company's service-oriented business model.

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