Simulations Plus Inc. (SLP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.23	$0.3	+30.4%	—	$21.9M	—
Q2 26	$0.31	$0.35	+12.9%	—	$24.3M	—
Q1 26	$0.12	$0.1	-16.7%	—	$18.4M	—
Q4 25	$0.25	$0.45	+80.0%	—	—	—
Q3 25	$0.26	$0.31	+19.2%	—	—	—
Q2 25	$0.17	$0.17	0.0%	—	—	—
Q1 25	$0.06	$0.06	0.0%	—	—	—
Q4 24	$0.16	$0.19	+18.8%	—	—	—
Q3 24	$0.18	$0.2	+11.1%	—	—	—
Q2 24	$0.11	$0.1	-9.1%	—	—	—
Q1 24	$0.18	$0.02	-88.9%	—	—	—
Q4 23	$0.2	$0.2	0.0%	—	—	—
Q3 23	$0.18	$0.2	+11.1%	—	—	—
Q2 23	$0.09	$0.06	-33.3%	—	—	—
Q1 23	$0.07	$0.04	-42.9%	—	—	—
Q4 22	$0.18	$0.2	+11.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$3.22	—	—	$79.2M	—
FY24	—	$0.5	—	—	$70M	—
FY23	—	$0.5	—	—	$59.6M	—
FY22	—	$0.62	—	—	$53.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$20M	$24.1M	$29.7M	$34M	$41.6M	$46.5M	$53.9M	$59.6M	$70M	$79.2M
YoY change	+9.05%	+20.9%	+22.9%	+14.5%	+22.4%	+11.7%	+16%	+10.5%	+17.5%	+13.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	20M	24.1M	29.7M	34M	41.6M	46.5M	53.9M	59.6M	70M	79.2M
Cost of revenue	4.6M	6.3M	8M	9M	10.6M	10.6M	10.8M	11.6M	26.9M	33M
Gross profit	15.4M	17.8M	21.7M	24.9M	30.9M	35.9M	43.1M	47.9M	43.2M	46.2M
Gross margin	77%	73.9%	73.1%	73.4%	74.4%	77.2%	79.9%	80.5%	61.6%	58.4%
Research & development	1.4M	1.4M	1.8M	2.5M	3M	4M	3.2M	4.5M	5.8M	6.9M
Selling, general & administrative	6.7M	8.2M	9.6M	11.8M	16.4M	20.6M	25M	34.7M	31.3M	32.8M
Operating expenses	8.1M	9.6M	11.4M	14.3M	19.3M	24.6M	28.2M	39.2M	37M	39.7M
Operating income	7.2M	8.3M	10.3M	10.6M	11.6M	11.3M	14.9M	8.7M	6.1M	6.5M
Operating margin	36.2%	34.2%	34.7%	31.3%	27.9%	24.2%	27.7%	14.6%	8.76%	8.2%
Non-operating income, net	-13.4K	-1.7K	-186K	-126K	-248K	-347K	-513K	-1.2M	1.9M	-76.6M
Pretax income	7.2M	8.2M	10.1M	10.6M	11.4M	11.1M	15.1M	11.7M	12.4M	-69.4M
Income tax	2.3M	2.5M	1.2M	2M	2.1M	1.3M	2.6M	1.7M	2.5M	-4.7M
Net income	5M	5.8M	8.9M	8.6M	9.3M	9.8M	12.5M	10M	10M	-64.7M
Net margin	24.8%	24%	30.1%	25.3%	22.4%	21.1%	23.2%	16.7%	14.2%	-81.7%
EBITDA	9.2M	10.4M	13.2M	13.4M	14.6M	15M	19M	13.7M	9.9M	91.3M
EPS	0.29	0.34	0.52	0.49	0.52	0.49	0.62	0.5	0.5	-3.22
Diluted EPS	0.29	0.33	0.5	0.48	0.5	0.47	0.6	0.49	0.49	-3.22

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	15.6M	14.5M	18.3M	18.5M	18.7M	18.9M	22.4M	20.4M	17.5M	18.4M	24.3M	21.9M
Cost of revenue	3.4M	4.7M	5.1M	5.3M	11.8M	8.7M	9.3M	7.3M	7.6M	7.5M	8.1M	6.8M
Gross profit	12.3M	9.8M	13.2M	13.3M	6.8M	10.2M	13.1M	13M	9.8M	10.9M	16.1M	15.1M
Gross margin	78.4%	67.9%	72.2%	71.5%	36.6%	54%	58.5%	64%	56.4%	59.1%	66.5%	69.1%
Research & development	1.1M	1.2M	1.3M	1.3M	1.9M	1.8M	2.1M	1.2M	1.7M	3M	3.5M	3.4M
Selling, general & administrative	11.5M	7.7M	7.5M	10.1M	6.1M	8.2M	8.3M	8.8M	7.5M	7.2M	7M	7.2M
Operating expenses	12.5M	8.9M	8.8M	11.4M	8M	10.1M	10.4M	10M	9.2M	10.2M	10.5M	10.6M
Operating income	-284K	960K	4.4M	1.9M	-1.2M	126K	2.7M	3M	659K	713K	5.6M	4.5M
Operating margin	-1.82%	6.62%	24.3%	10.1%	-6.17%	0.67%	12.1%	14.7%	3.77%	3.87%	23.2%	20.6%
Non-operating income, net	-902K	154K	-538K	488K	1.8M	-15K	642K	-77.2M	-9K	-10K	-32K	-37K
Pretax income	69K	2.4M	5.3M	3.9M	863K	270K	3.5M	-74M	889K	970K	5.9M	4.8M
Income tax	-465K	461K	1.2M	753K	20K	64K	434K	-6.7M	1.6M	294K	1.4M	1.2M
Net income	534K	1.9M	4M	3.1M	843K	206K	3.1M	-67.3M	-681K	676K	4.5M	3.6M
Net margin	3.42%	13.4%	22%	16.9%	4.52%	1.09%	13.7%	-330.6%	-3.9%	3.67%	18.7%	16.3%
EBITDA	4.6M	1.9M	6.1M	2.7M	-746K	2.4M	4.3M	82.5M	2M	2.1M	7.2M	5.9M
EPS	—	0.1	0.2	0.16	—	0.01	0.15	-3.35	—	0.03	0.22	0.18
Diluted EPS	—	0.1	0.2	0.15	—	0.01	0.15	-3.35	—	0.03	0.22	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	146.8M	250M	361.3M	631.6M	1.1B	—	1.2B	893.1M	724.5M	284.8M	373.8M
Enterprise value	138.8M	243.8M	351.9M	620.2M	946.6M	—	1.1B	778.9M	705.3M	253.1M	323.8M
Shares outstanding	17M	17.2M	17.3M	17.5M	17.8M	20M	20.2M	20.1M	20M	20.1M	20.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.7	43.2	40.4	73.6	113.8	—	97.2	89.7	72.8	—	46.1
P/S	7.35	10.4	12.2	18.6	25.5	—	22.5	15	10.3	3.6	4.55
P/B	6.46	9.69	11.3	16.8	6.8	—	6.8	5.25	3.97	2.28	2.68
EV/EBITDA	15.1	23.4	26.6	46.2	64.8	—	57.2	56.7	71.3	2.77	21.6
EV/Sales	6.95	10.1	11.9	18.3	22.8	—	20.1	13.1	10.1	3.2	3.95
Earnings yield	3.37%	2.32%	2.47%	1.36%	0.88%	—	1.03%	1.12%	1.37%	—	2.17%
FCF yield	2.85%	2.13%	1.93%	1.53%	0.78%	—	1.15%	1.97%	1.24%	5.06%	4.92%
PEG	—	—	—	—	—	—	—	—	—	—	-0.44

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	77%	73.9%	73.1%	73.4%	74.4%	77.2%	79.9%	80.5%	61.6%	58.4%	69.1%
Operating margin	36.2%	34.2%	34.7%	31.3%	27.9%	24.2%	27.7%	14.6%	8.76%	8.2%	22.8%
Net margin	24.8%	24%	30.1%	25.3%	22.4%	21.1%	23.2%	16.7%	14.2%	-81.7%	9.88%
ROE	21.8%	22.4%	28%	22.8%	5.98%	5.9%	7%	5.86%	5.46%	-51.9%	6.17%
ROA	17.8%	15%	20.6%	19%	5.54%	5.44%	6.63%	5.35%	5.06%	-49.1%	5.48%
ROIC	33.6%	29.6%	40.3%	33%	23.2%	22.9%	24%	13.3%	3.01%	6.98%	8.3%
Return on tangible assets	-270.1%	-46.2%	-129.7%	-406.8%	10.1%	9.32%	11.3%	12.1%	-8.79%	465%	79.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	5.98	6.2	3.69	4.42	23.4	12	19	10.9	3.26	7.67	5.54
Quick ratio	5.98	6.2	3.69	4.42	23.4	12	19	10.9	3.26	7.67	5.54
Debt / equity	—	—	—	0	0.01	0.01	0.01	0.01	0.01	0	0
Debt / assets	—	—	—	0	0.01	0.01	0.01	0.01	0.01	0	0
Net debt / EBITDA	—	—	—	-0.85	-7.88	-8.13	-6.68	-8.32	-1.95	-0.35	-2.88
Interest coverage	—	216.8	67.3	—	—	504.9	—	—	—	—	—
Effective tax rate	31.6%	29.8%	11.9%	18.7%	18%	11.8%	17.4%	14.8%	19.8%	0%	35.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.17	1.4	1.71	1.94	2.33	2.32	2.67	2.97	3.5	3.94	4.07
EPS (basic)	0.29	0.34	0.52	0.49	0.52	0.49	0.62	0.5	0.5	-3.22	-3.22
EPS (diluted)	0.29	0.33	0.5	0.48	0.5	0.47	0.6	0.49	0.49	-3.22	0.4
Book value per share	1.33	1.5	1.84	2.15	8.76	8.27	8.83	8.47	9.13	6.21	6.88
FCF per share	0.25	0.31	0.4	0.55	0.47	0.73	0.69	0.88	0.45	0.72	1.07
Cash per share	0.47	0.36	0.54	0.65	6.51	6.17	6.35	5.75	1.01	1.61	2.47
Capex per share	0	0.01	0.01	0.01	0.01	0.08	0.04	0.02	0.03	0.13	0.14

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.2%	0.73%	0.62%	0.41%	0.56%	3.5%	1.52%	0.76%	0.81%	3.32%	3.48%
Capex / operating cash flow	0.65%	2.66%	2.01%	1.18%	2.07%	8.34%	5.19%	2.04%	3.13%	14.5%	11.5%
Payout ratio	69%	59.6%	46.6%	48.9%	45.5%	49.2%	38.8%	48.3%	48.2%	0%	0%
Dividend yield	2.33%	1.38%	1.15%	0.66%	0.4%	—	0.4%	0.54%	0.66%	0%	1.3%

Yield

1.3%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.06

ex-dividend Jul 29, 2024

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 29, 2024	$0.06
Apr 26, 2024	$0.06
Jan 26, 2024	$0.06
Oct 27, 2023	$0.06
Jul 28, 2023	$0.06
Apr 21, 2023	$0.06

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$15.6M	$14.5M	$18.3M	$18.5M	$18.7M	$18.9M	$22.4M	$20.4M	$17.5M	$18.4M	$24.3M	$21.9M
YoY change	+33.2%	+21.2%	+16.2%	+14.2%	+19.4%	+30.5%	+22.5%	+9.81%	-6.45%	-2.66%	+8.29%	+7.48%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	8M	6.2M	9.4M	11.4M	116M	123.6M	128.2M	115.5M	20.3M	32.4M
Receivables	3M	4M	5.5M	5M	7.4M	9.9M	13.8M	10.2M	9.1M	9.7M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	12.7M	12.7M	17.8M	21.2M	129.1M	139.3M	146.8M	130.4M	39.3M	51.5M
Property, plant & equipment	256.4K	291.1K	335.2K	341.1K	1.4M	3.1M	2.1M	1.9M	1.8M	1.3M
Goodwill & intangibles	29.6M	51M	50.2M	47.3M	75.8M	75M	78.2M	103.9M	309.8M	145.9M
Total assets	27.8M	38.5M	43.3M	45.2M	168.4M	180M	188.4M	186.1M	196.6M	131.9M
Accounts payable	108.1K	240.9K	351.6K	204.1K	351K	387K	225K	144K	602K	470K
Short-term debt	—	—	—	—	463K	382K	461K	442K	475K	206K
Total current liabilities	2.1M	2M	4.8M	4.8M	5.5M	11.6M	7.7M	12M	12.1M	6.7M
Long-term debt	—	—	—	0	463K	896K	943K	755K	531K	410K
Total liabilities	5.1M	12.7M	11.4M	7.5M	12.4M	14.2M	10.1M	16.1M	14.2M	7.1M
Shareholders' equity	22.7M	25.8M	31.9M	37.7M	156M	165.8M	178.2M	170M	182.4M	124.8M
Total debt	—	—	—	0	926K	1.3M	1.4M	1.2M	1M	616K
Net debt	—	—	—	-11.4M	-48.3M	-35.7M	-50.2M	-56.3M	-9.3M	-30.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	115.5M	113.9M	108.5M	119M	20.3M	18.2M	21.4M	28.4M	32.4M	35.7M	41.8M	50M
Receivables	10.2M	10.3M	13.1M	10.1M	9.1M	12.8M	16.5M	14.8M	9.7M	12.2M	18.2M	17.2M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	130.4M	129.7M	128M	135.6M	39.3M	40.4M	46.7M	51.8M	51.5M	58.1M	67.6M	75.1M
Property, plant & equipment	1.9M	1.6M	1.9M	1.8M	1.8M	2.2M	1.6M	1.1M	1.3M	1.2M	1.1M	908K
Goodwill & intangibles	103.9M	104.5M	104.5M	103.8M	309.8M	307.7M	305.3M	147.2M	145.9M	145M	143.7M	142.8M
Total assets	186.1M	185.8M	194M	192.7M	196.6M	196.9M	201.4M	134.4M	131.9M	137.8M	146.5M	153M
Accounts payable	144K	317K	360K	658K	602K	1.1M	1.2M	1.7M	470K	863K	803K	2.2M
Short-term debt	442K	420K	425K	410K	475K	485K	313K	269K	206K	179K	138K	112K
Total current liabilities	12M	8.6M	14.5M	11.3M	12.1M	9.7M	10.7M	10.1M	6.7M	10.3M	12.3M	13.6M
Long-term debt	755K	669K	607K	512K	531K	835K	483K	450K	410K	378K	370K	375K
Total liabilities	16.1M	13.4M	16.9M	11.8M	14.2M	12.2M	11.9M	10.6M	7.1M	10.7M	12.7M	13.9M
Shareholders' equity	170M	172.3M	177M	180.9M	182.4M	184.7M	189.5M	123.8M	124.8M	127.1M	133.8M	139M
Total debt	1.2M	1.1M	1M	922K	1M	1.3M	796K	719K	616K	557K	508K	487K
Net debt	-56.3M	-38.7M	-36M	-108.2M	-9.3M	-4.9M	-10.2M	-26.2M	-30.2M	-29.6M	-25.2M	-34.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	5M	5.8M	8.9M	8.6M	9.3M	9.8M	12.5M	10M	10M	-64.7M
Depreciation & amortization	1.9M	2.1M	2.7M	2.8M	3M	3.6M	3.6M	3.8M	5.7M	8.2M
Stock-based compensation	347.1K	621.8K	709.1K	1.1M	1.6M	2.8M	3M	4.8M	6.5M	6.4M
Change in working capital	-1.2M	-1.8M	-1.7M	-524K	-2.5M	1.2M	-3.3M	5M	-676K	-3.2M
Operating cash flow	6M	6.6M	9.1M	11.7M	11.2M	19.5M	15.8M	22.2M	18.1M	18.1M
Capital expenditure	-39.1K	-176K	-183.3K	-138K	-231K	-1.6M	-819K	-453K	-566K	-2.6M
Investing cash flow	-759.1K	-3M	-183.3K	-138K	-73.2M	-23.8M	7.5M	11.2M	-50.2M	4.7M
Dividends paid	-3.4M	-3.4M	-4.2M	-4.2M	-4.3M	-4.8M	-4.8M	-4.8M	-4.8M	0
Share repurchases	—	—	—	—	—	0	0	-20M	0	0
Financing cash flow	-4.2M	-4.4M	-4.4M	-8.4M	101.7M	-6.1M	-8.5M	-24.8M	-7.3M	-1.6M
Net change in cash	1.1M	-805.9K	4.5M	3.1M	39.8M	-10.4M	14.7M	8.6M	-39.5M	21.2M
Free cash flow	4.2M	5.3M	7M	9.7M	8.3M	14.6M	13.9M	17.6M	9M	14.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	534K	1.9M	4M	3.1M	843K	206K	3.1M	-67.3M	-681K	676K	4.5M	3.6M
Depreciation & amortization	1M	1.1M	1.1M	1.3M	2.2M	2.3M	2.3M	2.3M	1.4M	1.3M	1.5M	1.4M
Stock-based compensation	1.3M	1.4M	1.8M	1.8M	1.6M	1.7M	1.7M	1.4M	1.5M	1.6M	1.6M	1.7M
Change in working capital	850K	-2.5M	346K	1.1M	438K	-6M	-129K	1.3M	1.6M	1.2M	-4M	2.2M
Operating cash flow	3.2M	1.4M	7.2M	6.2M	3.3M	-1.8M	6M	-69.5M	5.6M	4.2M	6.4M	8.7M
Capital expenditure	-196K	0	-433K	-117K	-16K	-86K	-66K	-297K	-516K	-889K	-786K	-668K
Investing cash flow	9.5M	-15.8M	-6.4M	70.8M	-20K	-2.3M	1.5M	8.6M	-1.5M	-4.9M	-11.3M	661K
Dividends paid	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	0	0	0	0	—	—	—
Share repurchases	0	—	—	0	0	—	—	—	—	—	—	—
Financing cash flow	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	0	0	0	0	—	—	—
Net change in cash	11.5M	-15.6M	-418K	75.8M	2.1M	-4.1M	7.5M	-60.9M	4.1M	-655K	-4.9M	9.4M
Free cash flow	2.1M	-936K	4.3M	4.7M	941K	-2.2M	4.7M	7.1M	4.8M	3.3M	5.6M	7.9M

Date	Ratio
Oct 2, 2007	2:1
Aug 14, 2006	2:1

Simulations Plus Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history