Simulations Plus, Inc. (SLP) Income Statement
SLP FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsSLP revenue and net income
Where SLP's revenue goes
FY2025Each bar shows an amount and its share of revenue. SLP kept −81.7% of revenue as net income.
SLP profit margins
SLP growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.1% | +13.7% | +13.7% | +14.8% |
| Gross profit | +7.1% | +2.4% | +8.4% | +11.6% |
| Operating income | −1,253.6% | — | — | — |
| Net income | −750.2% | — | — | — |
| EPS (diluted) | +94.3% | +19.7% | +13.4% | +13.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SLP quarterly EPS vs estimates
Simulations Plus beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.16).
SLP income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.2M | $70.0M | $59.6M | $53.9M | $46.5M | $41.6M | $34.0M | $29.7M | $24.1M | $18.3M |
| Cost of revenue | $33.0M | $26.9M | $11.6M | $10.8M | $10.6M | $10.6M | $9.0M | $8.0M | $6.3M | $4.3M |
| Gross profit | $46.2M | $43.2M | $47.9M | $43.1M | $35.9M | $30.9M | $24.9M | $21.7M | $17.8M | $14.0M |
| Research & development | $6.9M | $5.8M | $4.5M | $3.2M | $4.0M | $3.0M | $2.5M | $1.8M | $1.4M | $1.3M |
| Sales, general & admin | $32.8M | $31.3M | $34.7M | $25.0M | $20.6M | $16.4M | $11.8M | $9.6M | $8.2M | $6.8M |
| Total operating expenses | $117.0M | $37.0M | $39.2M | $28.2M | $24.6M | $19.3M | $14.3M | $11.4M | $9.6M | — |
| Operating income | −$70.7M | $6.1M | $8.7M | $14.9M | $11.3M | $11.6M | $10.6M | $10.3M | $8.3M | $5.9M |
| Interest income | $722,000 | $4.4M | $4.1M | $717,000 | $201,000 | $29,468 | $33,522 | $27,122 | $15,857 | — |
| Interest expense | — | — | $0 | $717,000 | $22,000 | $2.5M | $109,078 | $153,034 | $38,188 | $0 |
| Income before taxes | −$69.4M | $12.4M | $11.7M | $15.1M | $11.1M | $11.4M | $10.6M | $10.1M | $8.2M | $0 |
| Income taxes | −$4.7M | $2.5M | $1.7M | $2.6M | $1.3M | $2.1M | $2.0M | $1.2M | $2.5M | $1.8M |
| Net income | −$64.7M | $10.0M | $10.0M | $12.5M | $9.8M | $9.3M | $8.6M | $8.9M | $5.8M | $3.8M |
| EBITDA | $14.7M | $18.1M | $12.6M | $18.7M | $14.7M | $14.3M | $13.3M | $13.0M | $10.4M | — |
| EPS (diluted) | $1.03 | $0.53 | $0.51 | $0.60 | $0.48 | $0.55 | $0.48 | $0.49 | $0.33 | $0.22 |
| Gross margin | 58.4% | 61.6% | 80.5% | 79.9% | 77.2% | 74.4% | 73.4% | 73.1% | 73.9% | 76.4% |
| Operating margin | −89.3% | 8.8% | 14.6% | 27.7% | 24.2% | 27.9% | 31.3% | 34.7% | 34.2% | 32.0% |
| Net margin | −81.7% | 14.2% | 16.7% | 23.2% | 21.1% | 22.4% | 25.3% | 30.1% | 24.0% | 21.0% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.9M | $24.3M | $18.4M | $17.5M | $20.4M | $22.4M | $18.9M | $18.7M | $18.5M | $18.3M | $14.5M | $15.6M |
| Cost of revenue | $6.8M | $8.1M | $7.5M | $7.6M | $7.3M | $9.3M | $8.7M | $11.8M | $5.3M | $5.1M | $4.7M | $3.4M |
| Gross profit | $15.1M | $16.1M | $10.9M | $9.8M | $13.0M | $13.1M | $10.2M | $6.8M | $13.3M | $13.2M | $9.8M | $12.3M |
| Research & development | $3.4M | $3.5M | $3.0M | $1.7M | $1.2M | $2.1M | $1.8M | $1.9M | $1.3M | $1.3M | $1.2M | $1.1M |
| Sales, general & admin | $7.2M | $7.0M | $7.2M | $7.5M | $8.8M | $8.3M | $8.2M | $6.1M | $10.1M | $7.5M | $7.7M | $11.5M |
| Total operating expenses | $10.6M | $10.5M | $10.2M | $16.8M | $87.3M | $10.4M | $10.1M | $8.0M | $11.4M | $8.8M | $8.9M | $12.5M |
| Operating income | $4.5M | $5.6M | $713,000 | $659,000 | −$74.2M | $2.7M | $126,000 | −$1.2M | $1.9M | $4.4M | $960,000 | −$284,000 |
| Interest income | $344,000 | $288,000 | $267,000 | $239,000 | $170,000 | $154,000 | $159,000 | $213,000 | $1.5M | $1.3M | $1.3M | $1.3M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $734,800 |
| Income before taxes | $4.8M | $5.9M | $970,000 | $889,000 | −$74.0M | $3.5M | $270,000 | $863,000 | $3.9M | $5.3M | $2.4M | $69,000 |
| Income taxes | $1.2M | $1.4M | $294,000 | — | −$6.7M | $434,000 | $64,000 | $20,000 | $753,000 | $1.2M | $461,000 | −$465,000 |
| Net income | $3.6M | $4.5M | $676,000 | −$681,000 | −$67.3M | $3.1M | $206,000 | $843,000 | $3.1M | $4.0M | $1.9M | $534,000 |
| EBITDA | $5.5M | $7.4M | $2.3M | $2.0M | $5.3M | $5.8M | $2.5M | $3.1M | $5.2M | $6.4M | $3.5M | $3.7M |
| EPS (diluted) | $0.30 | $0.35 | $0.13 | $0.10 | $0.45 | $0.31 | $0.17 | $0.04 | $0.19 | $0.20 | $0.10 | $0.02 |
| Gross margin | 69.1% | 66.5% | 59.1% | 56.4% | 64.0% | 58.5% | 54.0% | 36.6% | 71.5% | 72.2% | 67.9% | 78.4% |
| Operating margin | 20.6% | 23.2% | 3.9% | 3.8% | −364.5% | 12.1% | 0.7% | −6.2% | 10.1% | 24.3% | 6.6% | −1.8% |
| Net margin | 16.3% | 18.7% | 3.7% | −3.9% | −330.6% | 13.7% | 1.1% | 4.5% | 16.9% | 22.0% | 13.4% | 3.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SLP's financial statements (latest annual report filed December 1, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SLP financial results
In fiscal year 2025 (ended August 31, 2025), Simulations Plus reported revenue of $79.2 million, up 13.1% from the year before. It had a net loss of $64.7 million, a net profit margin of −81.7%. Diluted earnings per share came to $1.03. Over five years revenue grew at an average rate of 13.7% a year.
See the SLP stock overview for the latest quote and news, or the SLP chart for price history and technical indicators.
SLP income statement FAQ
What is Simulations Plus's annual revenue?
Simulations Plus reported total revenue of $79.2 million for fiscal year 2025, which ended on August 31, 2025. That was up 13.1% from $70.0 million the previous year.
Is Simulations Plus profitable?
No. Simulations Plus reported a net loss of $64.7 million in fiscal 2025, a net profit margin of −81.7%; its operating margin was −89.3%.
What is Simulations Plus's gross margin?
Simulations Plus's gross margin was 58.4% in fiscal 2025: for every $100 of revenue, Simulations Plus kept $58 after the direct cost of its products and services.
How much does Simulations Plus spend on research and development?
Simulations Plus spent $6.9 million on research and development in fiscal 2025, 8.7% of revenue.
How fast is Simulations Plus growing?
Revenue grew 13.7% a year on average over the last five fiscal years, from $41.6 million to $79.2 million.
What are Simulations Plus's earnings per share?
Simulations Plus earned $1.03 per diluted share in fiscal 2025, compared with $0.53 a year earlier.
When will Simulations Plus report its next earnings?
Simulations Plus is expected to report results for the quarter ending August 31, 2026 on October 29, 2026 after the market closes.
When does Simulations Plus's fiscal year end?
Simulations Plus's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on December 1, 2025.