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Income statement, Simulations Plus, Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Total revenue
79.2
70.0
59.6
53.9
46.5
41.6
Cost of revenue
33.0
26.9
11.6
10.8
10.6
10.6
Gross profit
46.2
43.2
47.9
43.1
35.9
30.9
Selling, general & administrative expenses
32.8
31.3
34.7
25.0
20.6
16.4
Research & development
6.9
5.8
4.5
3.2
4.0
3.0
Interest expense (income), operating
–
–
–
–
–
–
Unusual expense (income)
76.6
−1.6
0.7
0.3
0.5
0.2
Other operating expenses
0
0
0
0
0
0
Operating income
−70.1
7.8
8.0
14.6
10.8
11.4
Net interest income (expense)
0.7
4.6
3.7
0.5
0.3
0
Gain (loss) on sale of assets
0
0
0
0
–
–
Other non-operating income (expense)
0
0
0
0
0
0
Net income before taxes
−69.4
12.4
11.7
15.1
11.1
11.4
Provision for taxes
−4.7
2.5
1.7
2.6
1.3
2.1
Minority interest
–
–
–
–
–
–
Equity in affiliates
–
–
–
–
–
–
U.S. GAAP adjustment
–
–
–
–
–
–
Net income before extraordinary items
−64.7
10.0
10.0
12.5
9.8
9.3
Extraordinary items
–
–
–
–
–
–
Net income
−64.7
10.0
10.0
12.5
9.8
9.3
EBIT, normalized
6.5
6.1
8.7
14.9
11.3
11.6
EBITDA, normalized
14.6
11.8
12.4
18.4
14.8
14.6
Basic EPS, normalized
−3.22
0.49
0.49
0.60
0.47
–
Balance sheet in millions of USD, fiscal years
Balance sheet, Simulations Plus, Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Assets
Cash & short-term investments
32.4
20.3
115
128
124
116
Receivables
14.6
15.0
10.2
13.8
13.0
10.5
Total inventory
–
–
–
–
–
–
Prepaid expenses
4.6
4.0
4.7
4.8
2.7
2.6
Other current assets
0
0
0
0
0
0
Total current assets
51.5
39.3
130
147
139
129
Property, plant & equipment
1.3
1.8
1.9
2.1
3.1
1.4
Goodwill
43.7
96.1
19.1
12.9
12.9
12.9
Intangibles
29.2
58.8
32.8
26.2
24.6
25.0
Long-term investments
–
–
–
–
–
–
Note receivable
–
–
–
–
–
–
Other long-term assets
6.2
0.5
1.9
0.4
0.1
0.1
Total assets
132
197
186
188
180
168
Liabilities
Accounts payable
0.5
0.6
0.1
0.2
0.4
0.3
Payable/accrued
–
–
–
–
–
–
Accrued expenses
3.6
7.0
5.5
4.6
6.0
2.7
Short-term debt
0
0
0
0
0
0
Current portion of long-term debt
–
–
–
–
–
–
Other current liabilities
2.7
4.4
6.3
2.9
5.2
2.4
Total current liabilities
6.7
12.1
12.0
7.7
11.6
5.5
Long-term debt
0
0
0
0
0
0
Minority interest
–
–
–
–
–
–
Other liabilities
0.4
2.1
4.1
2.4
2.6
6.9
Total liabilities
7.1
14.2
16.1
10.1
14.2
12.4
Shareholders' equity
Preferred stock
0
0
0
0
0
0
Common stock
0
152
145
139
133
0
Additional paid-in capital
159
–
–
–
–
129
Retained earnings (accumulated deficit)
−34.4
30.4
25.2
40.0
32.4
27.4
Treasury stock
–
–
–
–
–
–
Other equity
−0.3
−0.3
−0.1
−0.3
0
0.1
Total equity
125
182
170
178
166
156
Total liabilities & shareholders' equity
132
197
186
188
180
168
Cash flow statement in millions of USD, fiscal years
Cash flow statement, Simulations Plus, Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Operating activities
Net income
−64.7
10.0
10.0
12.5
9.8
9.3
Depreciation, depletion & amortization
8.2
5.7
3.8
3.6
3.6
3.0
Deferred taxes
−5.4
−1.8
−2.1
−0.3
−0.6
−0.4
Non-cash items
82.6
3.7
5.0
4.7
5.5
1.8
Changes in working capital
−2.6
−4.2
5.1
−2.6
1.0
−2.8
Cash from operations
18.1
13.3
21.9
17.9
19.2
10.9
Investing activities
Capital expenditures
−3.7
−4.3
−4.3
−4.0
−4.6
−2.6
Other investing cash flows
7.3
−49.7
11.6
8.3
−22.2
−72.9
Cash from investing
3.6
−54.0
7.4
4.3
−26.7
−75.5
Financing activities
Financing cash flow items
−1.6
−2.5
0
−3.7
−1.3
106
Cash dividends paid
0
−4.8
−4.8
−4.8
−4.8
−4.3
Issuance (retirement) of debt, net
–
–
–
–
–
–
Other financing cash flows
0.4
0.7
−18.5
0.9
1.5
0.6
Cash from financing
−1.1
−6.6
−23.3
−7.6
−4.7
102
Foreign exchange effects
–
–
–
–
–
–
Net change in cash
20.5
−47.2
6.0
14.6
−12.2
37.8
Free cash flow
14.4
9.0
17.6
13.9
14.6
8.3
Disclaimer
The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.
This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.
QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.
Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.