10-Q · April 10, 2026
Simulations Plus reported Q2 revenue of $24,291,000, up from $22,432,000 a year ago, with gross profit rising to $16,143,000 and net income to $4,535,000. Margins expanded materially (gross profit and operating income…
Earnings analysis · 10-Q
SLP earnings analysis
Filed July 9, 2026 · Our reading of the company's report
The latest report
Simulations Plus, Inc. reported Q3 2026 earnings with a revenue of $21.9 million, a 7% increase from $20.4 million in Q3 2025, primarily driven by a 20% rise in services revenue. The company's diluted EPS improved…
Read full summary
Simulations Plus, Inc. reported Q3 2026 earnings with a revenue of $21.9 million, a 7% increase from $20.4 million in Q3 2025, primarily driven by a 20% rise in services revenue. The company's diluted EPS improved significantly from a loss in the prior year, recording $0.18 against a loss of $3.35, marking a notable recovery amid ongoing operational improvements and efficiency gains.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.18
What stood out
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Revenue Growth
Rev increased by 7% YoY to $21.9 million in Q3 2026 from $20.4 million.
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Strong EPS Recovery
Diluted EPS returned to $0.18, improving from a loss of $3.35 in Q3 2025.
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Increased Gross Margin
Gross margin improved to 69% from 64% year-over-year.
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Services Revenue Growth
Services revenue grew by 20% YoY, contributing significantly to total revenue.
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Operational Cash Flow Surplus
Operating cash flow was strong at $19.4 million, compared to $12.5 million in the previous year.
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Decreased Operating Expenses
Total operating expenses dropped significantly by 88% YoY from $87.3 million to $10.6 million.
What to watch
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Pending Merger Risks
The planned merger could disrupt operations and relationships, impacting future performance.
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Profitability Dependence on Services
Continued growth is heavily reliant on service revenue, increasing operational vulnerability.
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Regulatory Approval Uncertainties
Completion of the merger is contingent on regulatory approvals which could delay the process.
Management's outlook
The company anticipates continued service revenue growth but did not provide specific numerical guidance.
Earlier filings 4
10-K · December 1, 2025
Simulations Plus positions itself as a global leader in model‑informed drug development (MIDD) software and consulting, with a product-led roadmap (ADMET Predictor v13, GastroPlus GPX.2, DILIsym v11) and a recent…
10-Q · January 8, 2025
Simulations Plus reported revenue of $18,924,000 for the quarter (up from $14,500,000 a year ago) but net income and operating results compressed — diluted EPS was $0.01 and income from operations was $126,000.…
10-K · October 30, 2024
Simulations Plus closed FY2024 with a strategic acquisition (Pro-ficiency, June 2024) and a reorganization into six product/service-aligned business units, expanding the company from discovery through commercialization.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.