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