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Simulations Plus SLP Software — Cost of Goods Sold

Other segment segments

Services
$6.5M-3.2%

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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 software — cost of goods sold?
Simulations Plus (SLP) reported software — cost of goods sold of $1.65M in Q4 2025.
How has Simulations Plus's software — cost of goods sold changed year-over-year?
Simulations Plus's software — cost of goods sold decreased by 36.3% year-over-year, from $2.59M to $1.65M.
What is the long-term trend for Simulations Plus's software — cost of goods sold?
Over 3 years (2022 to 2025), Simulations Plus's software — cost of goods sold has grown at a 46.7% compound annual growth rate (CAGR), from $3.06M to $9.65M.
What does software — cost of goods sold mean?
The direct costs attributable to the production and support of software products and related services within the segment. This includes expenses such as hosting, technical support, and direct labor involved in software delivery. Tracking this metric helps evaluate the direct operational efficiency and the scalability of the segment's cost structure.