NASDAQ · Financial Statements

Simulations Plus, Inc. (SLP) Financial Statements

$18.50 NASDAQ: SLP Market Cap $374.16M

Simulations Plus, Inc. most recently reported annual revenue of $79.0M, a net loss of $65.0M. Revenue grew at an average annual rate of 13.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Simulations Plus, Inc.: Revenue rose from $20.0M in 2016 to $79.0M in 2025, a change of +295.0% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 36.2% to -89.3%, a shift of -125.5 percentage points; the most recent year shows a net loss of $65.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$20.0M$24.0M$30.0M$34.0M$42.0M$46.0M$54.0M$60.0M$70.0M$79.0M
Operating Expenses$13.0M$16.0M$19.0M$23.0M$30.0M$35.0M$39.0M$51.0M$64.0M$150.0M
Operating Profit$7.0M$8.0M$10.0M$11.0M$12.0M$11.0M$15.0M$9.0M$6.0M$-71.0M
Operating Margin36.2%34.2%34.7%31.4%27.9%24.2%27.7%14.6%8.8%-89.3%
Other Income$0$0$0$0$0$0$0$3.0M$6.0M$1.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$2.0M$2.0M$3.0M$3.0M$3.0M$4.0M$4.0M$4.0M$6.0M$8.0M
Profit Before Tax$7.0M$8.0M$10.0M$11.0M$11.0M$11.0M$15.0M$12.0M$12.0M$-69.0M
Tax$31.6M$29.8M$11.9M$18.7M$18.1M$11.8M$17.4M$14.8M$19.8M$6.7M
Net Profit$5.0M$6.0M$9.0M$9.0M$9.0M$10.0M$12.0M$10.0M$10.0M$-65.0M
EPS$0.29$0.33$0.50$0.48$0.50$0.47$0.60$0.49$0.49$-3.22
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$16.0M$15.0M$18.0M$19.0M$19.0M$19.0M$22.0M$20.0M$17.0M$18.0M$24.0M$22.0M
Operating Expenses$16.0M$14.0M$14.0M$17.0M$20.0M$19.0M$20.0M$95.0M$17.0M$18.0M$19.0M$17.0M
Operating Profit$0$1.0M$4.0M$2.0M$-1.0M$0$3.0M$-74.0M$1.0M$1.0M$6.0M$4.0M
Operating Margin-1.8%6.6%24.3%10.1%-6.2%0.7%12.1%-364.5%3.8%3.9%23.2%20.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$0$2.0M$5.0M$4.0M$1.0M$0$4.0M$-74.0M$1.0M$1.0M$6.0M$5.0M
Tax$-673.9M$19.2M$23.3M$19.4M$2.3M$23.7M$12.4M$9.1M$176.6M$30.3M$22.9M$25.6M
Net Profit$1.0M$2.0M$4.0M$3.0M$1.0M$0$3.0M$-67.0M$-1.0M$1.0M$5.0M$4.0M
EPS$0.03$0.10$0.20$0.15$0.04$0.01$0.15$-3.35$-0.03$0.03$0.22$0.18

Over the 10 years reported for Simulations Plus, Inc., cash stood at $31.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 7.43 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$28.0M$39.0M$44.0M$46.0M$170.0M$182.0M$191.0M$193.0M$208.0M$132.0M
Current Assets$13.0M$13.0M$18.0M$21.0M$129.0M$139.0M$147.0M$130.0M$39.0M$52.0M
Cash$8.0M$6.0M$9.0M$11.0M$49.0M$37.0M$52.0M$58.0M$10.0M$31.0M
Inventory$1.0M$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$0$0
Receivables$4.0M$6.0M$8.0M$8.0M$11.0M$13.0M$14.0M$10.0M$9.0M$15.0M
Fixed Assets$0$0$0$0$1.0M$3.0M$2.0M$2.0M$2.0M$1.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$67.0M$87.0M$77.0M$58.0M$10.0M$2.0M
Other Assets$5.0M$10.0M$10.0M$10.0M$13.0M$13.0M$13.0M$19.0M$96.0M$44.0M
Total Liabilities$5.0M$13.0M$12.0M$8.0M$14.0M$16.0M$12.0M$23.0M$25.0M$7.0M
Current Liabilities$2.0M$2.0M$5.0M$5.0M$6.0M$12.0M$8.0M$12.0M$12.0M$7.0M
Borrowings$0$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Other Liabilities$5.0M$13.0M$12.0M$8.0M$13.0M$15.0M$11.0M$21.0M$24.0M$7.0M
Equity$0$0$0$0$0$133.0M$139.0M$145.0M$0$0
Reserves$23.0M$26.0M$32.0M$38.0M$156.0M$166.0M$178.0M$170.0M$182.0M$125.0M

For Simulations Plus, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $17.0M; free cash flow was positive in 10 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$5.0M$7.0M$9.0M$12.0M$11.0M$19.0M$18.0M$22.0M$13.0M$18.0M
Investing Cash Flow$-4.0M$-7.0M$-7.0M$-4.0M$-78.0M$-31.0M$0$3.0M$-55.0M$3.0M
Financing Cash Flow$-1.0M$-1.0M$0$-3.0M$-1.0M$-1.0M$-4.0M$-18.0M$-2.0M$-2.0M
Net Cash Flow$-1.0M$-2.0M$3.0M$2.0M$38.0M$-12.0M$15.0M$6.0M$-47.0M$21.0M
Free Cash Flow$4.0M$5.0M$7.0M$10.0M$8.0M$15.0M$14.0M$18.0M$13.0M$17.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.39
EV / EBITDA25.93
FCF Yield6.97%
Quick Ratio5.54
Interest Coverage—
Return 1Y38.13%
Return 3Y-61.63%
Return 5Y-57.91%

Simulations Plus, Inc. (SLP) financials — frequently asked questions

What is Simulations Plus, Inc.'s annual revenue?

Simulations Plus, Inc. (SLP) reported annual revenue of $79.0M in its most recent fiscal year.

What is Simulations Plus, Inc.'s net profit?

Simulations Plus, Inc. (SLP) reported a net loss of $65.0M in its most recent fiscal year.

What is SLP EV/EBITDA?

Simulations Plus, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 25.93.

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