Simulations Plus (SLP) Financials

$35.50 -0.38 (-1.06%)

Closing price 04:00 PM Eastern

Extended Trading

$35.49 -0.01 (-0.03%)

As of 04:05 PM Eastern

Annual Income Statements for Simulations Plus

This table shows Simulations Plus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	12	9.96	9.95
Consolidated Net Income / (Loss)	12	9.96	9.95
Net Income / (Loss) Continuing Operations	12	9.96	9.95
Total Pre-Tax Income	15	12	12
Total Operating Income	15	8.73	6.13
Total Gross Profit	43	48	43
Total Revenue	54	60	70
Operating Revenue	54	60	70
Total Cost of Revenue	11	12	27
Operating Cost of Revenue	11	12	27
Total Operating Expenses	28	39	37
Selling, General & Admin Expense	20	28	22
Marketing Expense	4.88	6.56	8.92
Research & Development Expense	3.21	4.50	5.75
Total Other Income / (Expense), net	0.20	2.97	6.28
Other Income / (Expense), net	0.20	2.97	6.28
Income Tax Expense	2.63	1.73	2.46
Basic Earnings per Share	$0.62	$0.50	$0.50
Weighted Average Basic Shares Outstanding	20.20M	20.08M	19.99M
Diluted Earnings per Share	$0.60	$0.49	$0.49
Weighted Average Diluted Shares Outstanding	20.75M	20.47M	20.30M
Weighted Average Basic & Diluted Shares Outstanding	20.30M	19.94M	20.07M
Cash Dividends to Common per Share	$0.24	$0.24	$0.24

This table shows Simulations Plus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	0.96	1.25	4.17	4.01	0.53	1.95	4.03	3.14	0.84	0.21	3.07
Consolidated Net Income / (Loss)	0.96	1.25	4.17	4.01	0.53	1.95	4.03	3.14	0.84	0.21	3.07
Net Income / (Loss) Continuing Operations	0.96	1.25	4.17	4.01	0.53	1.95	4.03	3.14	0.84	0.21	3.07
Total Pre-Tax Income	0.89	1.62	5.07	4.94	0.07	2.41	5.25	3.89	0.86	0.27	3.51
Total Operating Income	0.69	0.88	4.03	4.10	-0.28	0.96	4.44	1.88	-1.15	0.13	2.71
Total Gross Profit	9.06	9.29	13	13	12	9.85	13	13	6.83	10	13
Total Revenue	12	12	16	16	16	15	18	19	19	19	22
Operating Revenue	12	12	16	16	16	15	18	19	19	19	22
Total Cost of Revenue	2.68	2.67	2.62	2.96	3.38	4.65	5.08	5.29	12	8.71	9.31
Operating Cost of Revenue	2.68	2.67	2.62	2.96	3.38	4.65	5.08	5.29	12	8.71	9.31
Total Operating Expenses	8.36	8.42	9.10	9.18	13	8.89	8.78	11	7.98	10	10
Selling, General & Admin Expense	2.72	5.76	6.05	6.55	9.80	5.68	5.52	7.68	3.47	5.39	4.56
Marketing Expense	-	1.49	1.73	1.68	1.66	1.99	1.95	2.40	2.58	2.85	3.72
Research & Development Expense	0.77	1.17	1.32	0.95	1.08	1.22	1.31	1.30	1.93	1.85	2.14
Total Other Income / (Expense), net	0.20	0.74	1.03	0.84	0.35	1.45	0.81	2.01	2.01	0.14	0.80
Other Income / (Expense), net	0.20	0.74	1.03	0.84	0.35	1.45	0.81	2.01	2.01	0.14	0.80
Income Tax Expense	-0.07	0.37	0.89	0.93	-0.47	0.46	1.22	0.75	0.02	0.06	0.43
Basic Earnings per Share	$0.05	$0.06	$0.21	$0.20	$0.03	$0.10	$0.20	$0.16	$0.04	$0.01	$0.15
Weighted Average Basic Shares Outstanding	20.20M	20.29M	20.11M	19.97M	20.08M	19.95M	19.98M	20.00M	19.99M	20.07M	20.10M
Diluted Earnings per Share	$0.04	$0.06	$0.20	$0.20	$0.03	$0.10	$0.20	$0.15	$0.04	$0.01	$0.15
Weighted Average Diluted Shares Outstanding	20.75M	20.83M	20.53M	20.36M	20.47M	20.28M	20.32M	20.43M	20.30M	20.27M	20.28M
Weighted Average Basic & Diluted Shares Outstanding	20.30M	20.33M	20.00M	19.93M	19.94M	19.97M	19.98M	20.01M	20.07M	20.09M	20.11M
Cash Dividends to Common per Share	-	$0.06	$0.06	$0.06	-	$0.06	$0.06	$0.06	-	$0.00	$0.00

This table details how cash moves in and out of Simulations Plus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	15	5.96	-47
Net Cash From Operating Activities	18	22	13
Net Cash From Continuing Operating Activities	18	22	13
Net Income / (Loss) Continuing Operations	12	9.96	9.95
Consolidated Net Income / (Loss)	12	9.96	9.95
Depreciation Expense	3.57	3.84	5.67
Amortization Expense	1.68	-1.13	-1.12
Non-Cash Adjustments To Reconcile Net Income	2.77	5.50	6.43
Changes in Operating Assets and Liabilities, net	-2.61	3.69	-7.62
Net Cash From Investing Activities	4.31	7.37	-54
Net Cash From Continuing Investing Activities	4.31	7.37	-54
Purchase of Property, Plant & Equipment	-3.97	-3.67	-3.76
Acquisitions	0.00	-8.22	-99
Purchase of Investments	-101	-96	-68
Sale and/or Maturity of Investments	109	115	116
Net Cash From Financing Activities	-7.62	-23	-6.57
Net Cash From Continuing Financing Activities	-7.62	-23	-6.57
Repurchase of Common Equity	0.00	-20	0.00
Payment of Dividends	-4.85	-4.81	-4.80
Other Financing Activities, net	-2.78	1.54	-1.77
Cash Income Taxes Paid	3.23	3.20	5.69

This table details how cash moves in and out of Simulations Plus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	9.21	-2.18	-10	16	2.39	-18	-2.76	72	-99	-4.12	4.81
Net Cash From Operating Activities	7.93	4.71	5.54	8.55	3.06	0.16	5.81	5.68	1.66	-1.27	5.67
Net Cash From Continuing Operating Activities	7.93	4.71	5.54	8.55	3.06	0.16	5.81	5.68	1.66	-1.27	5.67
Net Income / (Loss) Continuing Operations	0.96	1.25	4.17	4.01	0.53	1.95	4.03	3.14	0.84	0.21	3.07
Consolidated Net Income / (Loss)	0.96	1.25	4.17	4.01	0.53	1.95	4.03	3.14	0.84	0.21	3.07
Depreciation Expense	0.85	0.92	0.94	0.95	1.04	1.09	1.11	1.26	2.21	2.27	2.27
Amortization Expense	0.19	-0.09	-0.29	-0.36	-0.40	-0.40	-0.40	-0.29	-0.03	-0.04	-0.02
Non-Cash Adjustments To Reconcile Net Income	0.74	1.09	1.24	1.39	1.78	1.31	1.77	1.74	1.62	1.69	1.44
Changes in Operating Assets and Liabilities, net	5.19	1.54	-0.52	2.56	0.11	-3.79	-0.69	-0.17	-2.97	-5.39	-1.10
Net Cash From Investing Activities	2.30	-6.42	5.35	7.92	0.52	-17	-7.52	70	-100	-3.14	0.68
Net Cash From Continuing Investing Activities	2.30	-6.42	5.35	7.92	0.52	-17	-7.52	70	-100	-3.14	0.68
Purchase of Property, Plant & Equipment	-0.96	-1.00	-0.99	-0.82	-0.87	-0.85	-1.30	-0.92	-0.69	-0.73	-0.78
Purchase of Investments	-30	-30	-18	-25	-23	-31	-28	-9.19	-0.03	-3.69	-1.66
Sale and/or Maturity of Investments	33	24	24	34	33	15	21	80	-0.00	1.50	3.12
Net Cash From Financing Activities	-1.02	-0.46	-21	-0.63	-1.19	-1.03	-1.05	-3.54	-0.95	0.29	-1.55
Net Cash From Continuing Financing Activities	-1.02	-0.46	-21	-0.63	-1.19	-1.03	-1.05	-3.54	-0.95	0.29	-1.55
Other Financing Activities, net	0.20	0.76	0.21	0.57	0.01	0.16	0.15	-2.34	0.26	0.29	-1.55
Cash Income Taxes Paid	1.23	0.00	0.09	1.47	1.65	0.10	3.05	1.07	1.48	0.11	0.50

This table presents Simulations Plus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	188	186	197
Total Current Assets	147	130	39
Cash & Equivalents	52	58	10
Short-Term Investments	77	58	9.94
Accounts Receivable	14	10	9.14
Prepaid Expenses	3.38	3.90	7.75
Current Deferred & Refundable Income Taxes	1.39	0.80	2.20
Plant, Property, & Equipment, net	0.63	0.67	0.81
Total Noncurrent Assets	41	55	156
Goodwill	13	19	96
Intangible Assets	26	33	59
Other Noncurrent Operating Assets	1.86	1.67	1.57
Total Liabilities & Shareholders' Equity	188	186	197
Total Liabilities	10	16	14
Total Current Liabilities	7.74	12	12
Accounts Payable	0.23	0.14	0.60
Accrued Expenses	0.93	0.66	2.04
Current Deferred Revenue	2.86	3.10	2.00
Current Employee Benefit Liabilities	3.25	4.39	4.51
Other Current Liabilities	0.46	3.69	2.92
Total Noncurrent Liabilities	2.40	4.09	2.14
Noncurrent Deferred & Payable Income Tax Liabilities	1.46	0.00	1.61
Other Noncurrent Operating Liabilities	0.94	4.09	0.53
Commitments & Contingencies	-	-	0.00
Total Equity & Noncontrolling Interests	178	170	182
Total Preferred & Common Equity	178	170	182
Preferred Stock	0.00	0.00	0.00
Total Common Equity	178	170	182
Common Stock	139	145	152
Retained Earnings	40	25	30
Accumulated Other Comprehensive Income / (Loss)	-0.31	-0.14	-0.25

This table presents Simulations Plus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	190	173	179	186	194	193	197	201
Total Current Assets	149	131	137	130	128	136	40	47
Cash & Equivalents	49	39	55	40	37	109	6.19	11
Short-Term Investments	82	76	67	74	71	9.88	12	10
Accounts Receivable	12	11	10	10	13	10	13	16
Prepaid Expenses	4.51	4.34	4.73	5.41	4.98	5.30	7.10	7.46
Current Deferred & Refundable Income Taxes	0.99	0.40	0.00	0.04	1.36	1.20	2.33	1.38
Plant, Property, & Equipment, net	0.68	0.82	0.70	0.49	0.84	0.88	0.82	0.80
Total Noncurrent Assets	41	41	41	56	65	56	156	154
Goodwill	13	13	13	19	19	19	96	96
Intangible Assets	26	26	27	33	33	33	58	56
Other Noncurrent Operating Assets	1.88	1.74	1.50	1.55	1.59	1.47	1.83	1.28
Total Liabilities & Shareholders' Equity	190	173	179	186	194	193	197	201
Total Liabilities	10	8.61	9.74	13	17	12	12	12
Total Current Liabilities	8.04	6.00	9.02	8.59	15	11	9.74	11
Accounts Payable	0.24	0.35	0.36	0.32	0.36	0.66	1.12	1.21
Accrued Expenses	1.91	0.54	0.55	0.73	2.99	0.89	0.58	1.40
Current Deferred Revenue	3.06	2.05	3.17	2.66	2.46	1.44	3.23	3.35
Current Employee Benefit Liabilities	2.38	2.64	3.82	2.17	3.18	4.11	1.88	4.43
Other Current Liabilities	0.45	0.43	0.33	2.71	5.54	4.22	2.93	0.31
Total Noncurrent Liabilities	2.30	2.61	0.72	4.85	2.41	0.51	2.48	1.18
Noncurrent Deferred & Payable Income Tax Liabilities	1.46	1.86	0.11	-	-	-	1.65	0.70
Other Noncurrent Operating Liabilities	0.84	0.75	0.61	4.85	2.41	0.51	0.84	0.48
Total Equity & Noncontrolling Interests	180	165	169	172	177	181	185	190
Total Preferred & Common Equity	180	165	169	172	177	181	185	190
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	180	165	169	172	177	181	185	190
Common Stock	140	138	144	147	148	150	154	156
Retained Earnings	40	27	26	26	29	31	31	34
Accumulated Other Comprehensive Income / (Loss)	-0.26	-0.28	-0.13	-0.20	-0.21	-0.31	-0.29	-0.32
Other Equity Adjustments	-	-	-	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Simulations Plus' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	16.01%	10.52%	17.52%
EBITDA Growth	19.63%	-29.29%	17.77%
EBIT Growth	36.36%	-22.63%	6.12%
NOPAT Growth	24.01%	-39.65%	-33.83%
Net Income Growth	27.61%	-20.20%	-0.07%
EPS Growth	27.66%	-18.33%	0.00%
Operating Cash Flow Growth	-6.79%	22.10%	-39.06%
Free Cash Flow Firm Growth	-42.39%	-35.74%	-3,667.76%
Invested Capital Growth	18.58%	9.10%	197.21%
Revenue Q/Q Growth	3.64%	7.00%	4.53%
EBITDA Q/Q Growth	0.82%	-7.79%	15.91%
EBIT Q/Q Growth	4.54%	-6.57%	6.83%
NOPAT Q/Q Growth	4.17%	-7.71%	-15.37%
Net Income Q/Q Growth	10.37%	-4.11%	3.20%
EPS Q/Q Growth	3.45%	-2.00%	2.08%
Operating Cash Flow Q/Q Growth	-1.90%	-18.21%	-9.49%
Free Cash Flow Firm Q/Q Growth	88.67%	-82.14%	-1,033.86%
Invested Capital Q/Q Growth	-9.21%	16.04%	162.03%
Profitability Metrics	-	-	-
Gross Margin	79.92%	80.48%	61.63%
EBITDA Margin	37.78%	24.17%	24.22%
Operating Margin	27.66%	14.64%	8.76%
EBIT Margin	28.04%	19.63%	17.73%
Profit (Net Income) Margin	23.16%	16.72%	14.22%
Tax Burden Percent	82.59%	85.17%	80.20%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	17.41%	14.83%	19.80%
Return on Invested Capital (ROIC)	26.72%	14.21%	4.54%
ROIC Less NNEP Spread (ROIC-NNEP)	26.58%	12.14%	-2.89%
Return on Net Nonoperating Assets (RNNOA)	-19.46%	-8.49%	1.11%
Return on Equity (ROE)	7.26%	5.72%	5.65%
Cash Return on Invested Capital (CROIC)	9.72%	5.50%	-94.76%
Operating Return on Assets (OROA)	8.21%	6.25%	6.49%
Return on Assets (ROA)	6.78%	5.32%	5.20%
Return on Common Equity (ROCE)	7.26%	5.72%	5.65%
Return on Equity Simple (ROE_SIMPLE)	7.00%	5.86%	5.46%
Net Operating Profit after Tax (NOPAT)	12	7.43	4.92
NOPAT Margin	22.84%	12.47%	7.02%
Net Nonoperating Expense Percent (NNEP)	0.13%	2.08%	7.42%
Cost of Revenue to Revenue	20.08%	19.52%	38.37%
SG&A Expenses to Revenue	37.26%	47.27%	31.92%
R&D to Revenue	5.95%	7.56%	8.22%
Operating Expenses to Revenue	52.26%	65.83%	52.88%
Earnings before Interest and Taxes (EBIT)	15	12	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	20	14	17
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	6.74	5.18	3.98
Price to Tangible Book Value (P/TBV)	8.63	7.46	26.36
Price to Revenue (P/Rev)	22.28	14.79	10.36
Price to Earnings (P/E)	96.21	88.45	72.86
Dividend Yield	0.40%	0.54%	0.66%
Earnings Yield	1.04%	1.13%	1.37%
Enterprise Value to Invested Capital (EV/IC)	21.45	14.03	4.35
Enterprise Value to Revenue (EV/Rev)	19.90	12.85	10.07
Enterprise Value to EBITDA (EV/EBITDA)	52.67	53.17	41.57
Enterprise Value to EBIT (EV/EBIT)	70.97	65.47	56.81
Enterprise Value to NOPAT (EV/NOPAT)	87.11	103.03	143.38
Enterprise Value to Operating Cash Flow (EV/OCF)	59.93	35.03	52.93
Enterprise Value to Free Cash Flow (EV/FCFF)	239.47	266.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.73	-0.70	-0.39
Leverage Ratio	1.07	1.08	1.09
Compound Leverage Factor	1.07	1.08	1.09
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	72.84	34.37	31.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	18.98	10.88	3.26
Quick Ratio	18.36	10.48	2.44
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	4.48	2.88	-103
Operating Cash Flow to CapEx	450.88%	595.21%	354.26%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.29	0.32	0.37
Accounts Receivable Turnover	4.56	4.97	7.24
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	43.65	91.45	94.42
Accounts Payable Turnover	35.37	63.04	72.02
Days Sales Outstanding (DSO)	80.03	73.48	50.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.32	5.79	5.07
Cash Conversion Cycle (CCC)	69.71	67.69	45.34
Capital & Investment Metrics	-	-	-
Invested Capital	50	55	162
Invested Capital Turnover	1.17	1.14	0.65
Increase / (Decrease) in Invested Capital	7.84	4.55	108
Enterprise Value (EV)	1,073	766	705
Market Capitalization	1,201	881	725
Book Value per Share	$8.81	$8.53	$9.12
Tangible Book Value per Share	$6.88	$5.93	$1.38
Total Capital	178	170	182
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-128	-115	-20
Capital Expenditures (CapEx)	3.97	3.67	3.76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	2.92	7.02
Debt-free Net Working Capital (DFNWC)	139	118	27
Net Working Capital (NWC)	139	118	27
Net Nonoperating Expense (NNE)	-0.17	-2.53	-5.04
Net Nonoperating Obligations (NNO)	-128	-115	-20
Total Depreciation and Amortization (D&A)	5.25	2.71	4.55
Debt-free, Cash-free Net Working Capital to Revenue	20.07%	4.90%	10.02%
Debt-free Net Working Capital to Revenue	257.96%	198.71%	38.95%
Net Working Capital to Revenue	257.96%	198.71%	38.95%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.62	$0.50	$0.50
Adjusted Weighted Average Basic Shares Outstanding	20.20M	20.08M	19.99M
Adjusted Diluted Earnings per Share	$0.60	$0.49	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	20.75M	20.47M	20.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.30M	19.94M	20.07M
Normalized Net Operating Profit after Tax (NOPAT)	12	7.43	4.92
Normalized NOPAT Margin	22.84%	12.47%	7.02%
Pre Tax Income Margin	28.04%	19.63%	17.73%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	38.82%	48.28%	48.18%
Augmented Payout Ratio	38.82%	249.06%	48.18%

This table displays calculated financial ratios and metrics derived from Simulations Plus' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.24%	-3.65%	6.45%	8.52%	33.19%	21.20%	16.22%	14.23%	19.42%	30.51%	22.55%
EBITDA Growth	9.36%	-53.85%	-18.84%	-9.25%	-63.16%	26.56%	4.24%	-11.98%	327.89%	-19.54%	-3.27%
EBIT Growth	277.97%	-58.04%	-8.40%	2.19%	-92.26%	48.70%	3.63%	-21.26%	1,150.72%	-88.78%	-33.21%
NOPAT Growth	146.55%	-77.29%	-23.92%	-20.51%	-393.96%	14.87%	2.57%	-54.39%	48.85%	-87.61%	-30.26%
Net Income Growth	553.30%	-58.86%	-5.33%	-1.93%	-44.43%	56.22%	-3.47%	-21.73%	57.87%	-89.41%	-23.70%
EPS Growth	100.00%	-60.00%	-4.76%	0.00%	-25.00%	66.67%	0.00%	-25.00%	33.33%	-90.00%	-25.00%
Operating Cash Flow Growth	-4.18%	31.41%	113.36%	125.30%	-61.40%	-96.56%	4.85%	-33.50%	-45.62%	-886.42%	-2.43%
Free Cash Flow Firm Growth	-282.94%	-102.53%	1,968.54%	316.23%	4.75%	-139.09%	-428.79%	-217.27%	-1,510.66%	-1,088.67%	-1,450.72%
Invested Capital Growth	18.58%	10.14%	2.58%	-14.63%	9.10%	20.29%	20.83%	31.62%	197.21%	184.90%	182.58%
Revenue Q/Q Growth	-21.56%	1.96%	31.64%	3.07%	-3.73%	-7.22%	26.24%	1.31%	0.65%	1.39%	18.54%
EBITDA Q/Q Growth	-68.35%	27.19%	133.13%	-3.29%	-87.15%	336.90%	92.01%	-18.33%	-37.54%	-17.84%	130.81%
EBIT Q/Q Growth	-81.55%	81.39%	213.23%	-2.53%	-98.60%	3,386.96%	118.29%	-25.93%	-77.81%	-68.71%	1,199.26%
NOPAT Q/Q Growth	-82.12%	-9.64%	391.77%	0.05%	-166.12%	135.31%	339.09%	-55.51%	-174.16%	108.55%	2,372.07%
Net Income Q/Q Growth	-76.49%	29.55%	235.26%	-3.98%	-86.68%	264.23%	107.15%	-22.14%	-73.13%	-75.56%	1,392.23%
EPS Q/Q Growth	-80.00%	50.00%	233.33%	0.00%	-85.00%	233.33%	100.00%	-25.00%	-73.33%	-75.00%	1,400.00%
Operating Cash Flow Q/Q Growth	108.94%	-40.62%	17.72%	54.27%	-64.20%	-94.71%	3,486.42%	-2.17%	-70.72%	-176.56%	544.98%
Free Cash Flow Firm Q/Q Growth	-34.60%	46.39%	154.86%	446.20%	-159.30%	-34.56%	24.56%	-94.81%	-714.43%	0.70%	1.58%
Invested Capital Q/Q Growth	-9.21%	-2.84%	1.35%	-4.52%	16.04%	7.12%	1.81%	4.00%	162.03%	2.68%	0.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.19%	77.67%	83.37%	81.76%	78.39%	67.92%	72.23%	71.49%	36.57%	53.99%	58.52%
EBITDA Margin	16.42%	20.49%	36.28%	34.04%	4.54%	21.39%	32.54%	26.23%	16.28%	13.19%	25.68%
Operating Margin	5.91%	7.34%	25.61%	25.24%	-1.82%	6.62%	24.27%	10.14%	-6.17%	0.67%	12.09%
EBIT Margin	7.60%	13.52%	32.18%	30.43%	0.44%	16.59%	28.69%	20.98%	4.62%	1.43%	15.64%
Profit (Net Income) Margin	8.19%	10.41%	26.50%	24.69%	3.42%	13.41%	22.01%	16.92%	4.52%	1.09%	13.70%
Tax Burden Percent	107.74%	76.95%	82.36%	81.13%	773.91%	80.84%	76.71%	80.64%	97.68%	76.30%	87.63%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-7.74%	23.05%	17.64%	18.87%	-673.91%	19.16%	23.29%	19.36%	2.32%	23.70%	12.37%
Return on Invested Capital (ROIC)	7.45%	6.51%	23.60%	22.33%	-16.02%	6.21%	22.14%	10.06%	-3.89%	0.34%	7.31%
ROIC Less NNEP Spread (ROIC-NNEP)	7.28%	6.07%	22.89%	21.77%	-18.27%	5.26%	21.60%	8.71%	-6.79%	0.17%	6.31%
Return on Net Nonoperating Assets (RNNOA)	-5.33%	-4.45%	-16.29%	-15.36%	12.78%	-3.66%	-14.73%	-6.00%	2.61%	-0.06%	-2.39%
Return on Equity (ROE)	2.12%	2.06%	7.31%	6.97%	-3.24%	2.55%	7.41%	4.05%	-1.28%	0.27%	4.92%
Cash Return on Invested Capital (CROIC)	9.72%	11.86%	15.75%	31.56%	5.50%	-4.37%	-4.80%	-16.63%	-94.76%	-92.31%	-92.78%
Operating Return on Assets (OROA)	2.22%	3.89%	9.77%	9.28%	0.14%	5.48%	10.11%	7.56%	1.69%	0.56%	6.21%
Return on Assets (ROA)	2.40%	2.99%	8.05%	7.53%	1.09%	4.43%	7.75%	6.09%	1.65%	0.42%	5.45%
Return on Common Equity (ROCE)	2.12%	2.06%	7.31%	6.97%	-3.24%	2.55%	7.41%	4.05%	-1.28%	0.27%	4.92%
Return on Equity Simple (ROE_SIMPLE)	0.00%	5.94%	6.36%	6.13%	0.00%	6.19%	5.94%	5.33%	0.00%	4.45%	3.83%
Net Operating Profit after Tax (NOPAT)	0.75	0.68	3.32	3.32	-2.20	0.78	3.41	1.52	-1.12	0.10	2.38
NOPAT Margin	6.37%	5.65%	21.09%	20.48%	-14.06%	5.35%	18.62%	8.18%	-6.02%	0.51%	10.59%
Net Nonoperating Expense Percent (NNEP)	0.17%	0.45%	0.71%	0.56%	2.24%	0.95%	0.53%	1.34%	2.90%	0.17%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	0.45%	1.92%	-	-	0.05%	1.25%
Cost of Revenue to Revenue	22.81%	22.33%	16.63%	18.24%	21.61%	32.08%	27.77%	28.51%	63.43%	46.01%	41.48%
SG&A Expenses to Revenue	23.14%	48.18%	38.41%	40.34%	62.70%	39.19%	30.14%	41.40%	18.61%	28.50%	20.31%
R&D to Revenue	6.55%	9.75%	8.36%	5.82%	6.88%	8.39%	7.17%	7.01%	10.31%	9.77%	9.55%
Operating Expenses to Revenue	71.27%	70.34%	57.75%	56.52%	80.20%	61.30%	47.96%	61.35%	42.73%	53.33%	46.43%
Earnings before Interest and Taxes (EBIT)	0.89	1.62	5.07	4.94	0.07	2.41	5.25	3.89	0.86	0.27	3.51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.93	2.45	5.71	5.53	0.71	3.10	5.96	4.86	3.04	2.50	5.76
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.74	4.53	4.66	5.18	5.18	4.52	4.67	5.32	3.98	3.45	3.07
Price to Tangible Book Value (P/TBV)	8.63	5.79	6.11	6.76	7.46	6.48	6.62	7.47	26.36	20.68	15.77
Price to Revenue (P/Rev)	22.28	15.26	14.09	15.75	14.79	12.53	12.78	14.37	10.36	8.56	7.41
Price to Earnings (P/E)	96.21	76.20	73.24	84.44	88.45	72.99	78.57	99.80	72.86	77.61	80.20
Dividend Yield	0.40%	0.60%	0.64%	0.55%	0.54%	0.61%	0.58%	0.50%	0.66%	0.76%	0.83%
Earnings Yield	1.04%	1.31%	1.37%	1.18%	1.13%	1.37%	1.27%	1.00%	1.37%	1.29%	1.25%
Enterprise Value to Invested Capital (EV/IC)	21.45	14.08	13.22	16.05	14.03	11.37	11.91	13.63	4.35	3.72	3.34
Enterprise Value to Revenue (EV/Rev)	19.90	12.79	11.97	13.56	12.85	10.69	10.96	12.60	10.07	8.32	7.14
Enterprise Value to EBITDA (EV/EBITDA)	52.67	39.07	40.25	48.33	53.17	44.13	46.34	57.66	41.57	37.87	34.71
Enterprise Value to EBIT (EV/EBIT)	70.97	53.11	52.47	60.30	65.47	53.22	55.95	72.62	56.81	60.28	65.75
Enterprise Value to NOPAT (EV/NOPAT)	87.11	68.59	73.19	93.74	103.03	88.32	92.65	145.20	143.38	146.25	184.77
Enterprise Value to Operating Cash Flow (EV/OCF)	59.93	35.95	29.64	28.25	35.03	38.37	40.32	57.33	52.93	52.12	47.76
Enterprise Value to Free Cash Flow (EV/FCFF)	239.47	124.43	85.01	46.84	266.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.73	-0.73	-0.71	-0.71	-0.70	-0.70	-0.68	-0.69	-0.39	-0.37	-0.38
Leverage Ratio	1.07	1.07	1.06	1.05	1.08	1.07	1.07	1.06	1.09	1.07	1.08
Compound Leverage Factor	1.07	1.07	1.06	1.05	1.08	1.07	1.07	1.06	1.09	1.07	1.08
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	72.59	48.81	54.93	55.48	34.17	36.10	30.61	50.23	31.38	32.09	30.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	18.98	18.50	21.91	15.22	10.88	15.10	8.81	11.98	3.26	4.15	4.37
Quick Ratio	18.36	17.82	21.12	14.70	10.48	14.47	8.37	11.41	2.44	3.18	3.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-7.09	-3.80	2.08	11	-6.75	-9.08	-6.85	-13	-109	-108	-106
Operating Cash Flow to CapEx	822.30%	469.29%	560.83%	1,047.55%	353.76%	19.04%	446.58%	619.17%	241.16%	-175.72%	731.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.29	0.30	0.30	0.32	0.33	0.35	0.36	0.37	0.39	0.40
Accounts Receivable Turnover	4.56	4.54	4.12	3.87	4.97	5.64	5.28	6.58	7.24	6.43	5.31
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	43.65	35.39	74.73	85.14	91.45	106.27	77.68	84.62	94.42	113.99	95.63
Accounts Payable Turnover	35.37	83.56	27.56	27.92	63.04	49.05	45.28	36.26	72.02	43.03	44.87
Days Sales Outstanding (DSO)	80.03	80.31	88.68	94.40	73.48	64.77	69.18	55.47	50.41	56.76	68.78
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.32	4.37	13.25	13.08	5.79	7.44	8.06	10.07	5.07	8.48	8.13
Cash Conversion Cycle (CCC)	69.71	75.94	75.43	81.32	67.69	57.33	61.11	45.40	45.34	48.28	60.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	50	49	49	47	55	58	60	62	162	167	168
Invested Capital Turnover	1.17	1.15	1.12	1.09	1.14	1.16	1.19	1.23	0.65	0.66	0.69
Increase / (Decrease) in Invested Capital	7.84	4.48	1.24	-8.06	4.55	9.86	10	15	108	108	109
Enterprise Value (EV)	1,073	684	651	755	766	664	709	844	705	619	561
Market Capitalization	1,201	815	767	877	881	778	826	963	725	638	582
Book Value per Share	$8.81	$8.87	$8.10	$8.47	$8.53	$8.64	$8.87	$9.05	$9.12	$9.20	$9.43
Tangible Book Value per Share	$6.88	$6.94	$6.17	$6.49	$5.93	$6.02	$6.25	$6.45	$1.38	$1.54	$1.84
Total Capital	178	180	165	169	170	172	177	181	182	185	190
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-128	-132	-115	-122	-115	-114	-118	-119	-20	-18	-21
Capital Expenditures (CapEx)	0.96	1.00	0.99	0.82	0.87	0.85	1.30	0.92	0.69	0.73	0.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	11	9.16	10	5.92	2.92	7.21	4.93	5.33	7.02	12	15
Debt-free Net Working Capital (DFNWC)	139	141	125	128	118	121	113	124	27	31	36
Net Working Capital (NWC)	139	141	125	128	118	121	113	124	27	31	36
Net Nonoperating Expense (NNE)	-0.21	-0.57	-0.85	-0.68	-2.73	-1.17	-0.62	-1.62	-1.97	-0.11	-0.70
Net Nonoperating Obligations (NNO)	-128	-132	-115	-122	-115	-114	-118	-119	-20	-18	-21
Total Depreciation and Amortization (D&A)	1.04	0.83	0.65	0.59	0.64	0.70	0.70	0.97	2.18	2.23	2.25
Debt-free, Cash-free Net Working Capital to Revenue	20.07%	17.14%	18.62%	10.64%	4.90%	11.61%	7.62%	7.96%	10.02%	16.78%	18.63%
Debt-free Net Working Capital to Revenue	257.96%	263.21%	230.62%	230.39%	198.71%	194.97%	175.40%	185.58%	38.95%	41.19%	45.85%
Net Working Capital to Revenue	257.96%	263.21%	230.62%	230.39%	198.71%	194.97%	175.40%	185.58%	38.95%	41.19%	45.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.06	$0.21	$0.20	$0.03	$0.10	$0.20	$0.16	$0.04	$0.01	$0.15
Adjusted Weighted Average Basic Shares Outstanding	20.20M	20.29M	20.11M	19.97M	20.08M	19.95M	19.98M	20.00M	19.99M	20.07M	20.10M
Adjusted Diluted Earnings per Share	$0.04	$0.06	$0.20	$0.20	$0.03	$0.10	$0.20	$0.15	$0.04	$0.01	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	20.75M	20.83M	20.53M	20.36M	20.47M	20.28M	20.32M	20.43M	20.30M	20.27M	20.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.30M	20.33M	20.00M	19.93M	19.94M	19.97M	19.98M	20.01M	20.07M	20.09M	20.11M
Normalized Net Operating Profit after Tax (NOPAT)	0.49	0.68	3.32	3.32	-0.20	0.78	3.41	1.52	-1.12	0.10	2.38
Normalized NOPAT Margin	4.14%	5.65%	21.09%	20.48%	-1.27%	5.35%	18.62%	8.18%	-6.02%	0.51%	10.59%
Pre Tax Income Margin	7.60%	13.52%	32.18%	30.43%	0.44%	16.59%	28.69%	20.98%	4.62%	1.43%	15.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.82%	45.37%	46.23%	46.47%	48.28%	44.90%	45.55%	49.66%	48.18%	43.82%	33.09%
Augmented Payout Ratio	38.82%	45.37%	237.31%	239.00%	249.06%	44.90%	45.55%	49.66%	48.18%	43.82%	33.09%

Frequently Asked Questions About Simulations Plus' Financials

When does Simulations Plus's financial year end?

According to the most recent income statement we have on file, Simulations Plus' fiscal year ends in August. Their fiscal year 2024 ended on August 31, 2024.

How has Simulations Plus' net income changed over the last 2 years?

Simulations Plus' net income appears to be on a downward trend, with a most recent value of $9.95 million in 2024, falling from $12.48 million in 2022. The previous period was $9.96 million in 2023.

What is Simulations Plus's operating income?

Simulations Plus's total operating income in 2024 was $6.13 million, based on the following breakdown:

Total Gross Profit: $43.15 million
Total Operating Expenses: $37.02 million

How has Simulations Plus revenue changed over the last 2 years?

Over the last 2 years, Simulations Plus' total revenue changed from $53.91 million in 2022 to $70.01 million in 2024, a change of 29.9%.

How much debt does Simulations Plus have?

Simulations Plus' total liabilities were at $14.21 million at the end of 2024, a 11.6% decrease from 2023, and a 40.2% increase since 2022.

How much cash does Simulations Plus have?

In the past 2 years, Simulations Plus' cash and equivalents has ranged from $10.31 million in 2024 to $57.52 million in 2023, and is currently $10.31 million as of their latest financial filing in 2024.

How has Simulations Plus' book value per share changed over the last 2 years?

Over the last 2 years, Simulations Plus' book value per share changed from 8.81 in 2022 to 9.12 in 2024, a change of 3.5%.

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This page (NASDAQ:SLP) was last updated on 4/25/2025 by MarketBeat.com Staff

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Simulations Plus (SLP) Financials

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Simulations Plus (SLP) Financials

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