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Simulations Plus SLP Software — 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 software — total cost of revenues?
Simulations Plus (SLP) reported software — total cost of revenues of $1.65M in Q4 2025.
How has Simulations Plus's software — total cost of revenues changed year-over-year?
Simulations Plus's software — total cost of revenues decreased by 36.3% year-over-year, from $2.59M to $1.65M.
What is the long-term trend for Simulations Plus's software — total cost of revenues?
Over 3 years (2022 to 2025), Simulations Plus's software — total cost of revenues has grown at a 46.7% compound annual growth rate (CAGR), from $3.06M to $9.65M.
What does software — total cost of revenues mean?
This metric aggregates all direct expenses incurred to produce and deliver software products, including hosting costs, technical support, and software maintenance. Monitoring this helps evaluate the direct cost burden required to sustain the software revenue stream.