Growth & profitability
- Revenue has grown 13.7% per year over the past 5 years.
- Free cash flow has grown 10.3% per year over the past 5 years.
Financial health
- Total debt has grown slower than revenue (-41.9% vs 13.7% per year).
SLP Financials Simulations Plus, Inc.
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $79M | -$65M | 58.4% | -89.3% | -51.9% | -49.1% | $17M | — | $31M |
| 2024 | $70M | $10M | 61.6% | 8.8% | 5.5% | 5.1% | $13M | — | $10M |
| 2023 | $60M | $10M | 80.5% | 14.6% | 5.9% | 5.4% | $21M | — | $58M |
| 2022 | $54M | $12M | 79.9% | 27.7% | 7.0% | 6.6% | $17M | — | $52M |
| 2021 | — | $10M | — | — | 5.9% | 5.4% | $18M | — | $37M |
| 2020 | — | $9M | — | — | 6.0% | 5.5% | $11M | — | $49M |
| 2019 | — | $9M | — | — | 22.8% | 19.0% | $11M | — | $11M |
| 2018 | — | $9M | — | — | 28.0% | 20.6% | $9M | $3M | $9M |
| 2017 | — | $6M | — | — | 22.4% | 15.0% | $7M | $6M | $6M |
| 2016 | — | $5M | — | — | 21.8% | 17.8% | $5M | — | $8M |
| 2015 | — | $4M | — | — | 19.7% | 14.1% | $7M | — | $9M |
| 2014 | — | $3M | — | — | 19.6% | 14.4% | — | — | $9M |
| 2013 | — | $3M | — | — | 20.3% | 18.0% | $3M | — | $10M |
| 2012 | — | $3M | — | — | 20.0% | 17.5% | $4M | — | $13M |
| 2011 | — | $3M | — | — | 19.3% | 17.1% | $3M | — | $10M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| May '26 | $22M | $4M | 69.1% | 20.6% | 2.6% | 2.3% | $9M | — | $35M |
| Feb '26 | $24M | $5M | 66.5% | 23.2% | 3.4% | 3.1% | $6M | — | $26M |
| Nov '25 | $18M | $676000 | 59.1% | 3.9% | 0.5% | 0.5% | $4M | — | $30M |
| Aug '25 | $17M | -$681000 | 56.4% | 3.8% | -0.5% | -0.5% | $5M | — | $31M |
| May '25 | $20M | -$67M | 64.0% | -364.5% | -54.4% | -50.1% | $8M | — | $27M |
| Feb '25 | $22M | $3M | 58.5% | 12.1% | 1.6% | 1.5% | $6M | — | $11M |
| Nov '24 | $19M | $206000 | 54.0% | 0.7% | 0.1% | 0.1% | -$1M | — | $6M |
| Aug '24 | $19M | $843000 | 36.6% | -6.2% | 0.5% | 0.4% | $2M | — | $10M |
| May '24 | $19M | $3M | 71.5% | 10.1% | 1.7% | 1.6% | $6M | — | $109M |
| Feb '24 | $18M | $4M | 72.2% | 24.3% | 2.3% | 2.1% | $5M | — | $37M |
| Nov '23 | $15M | $2M | 67.9% | 6.6% | 1.1% | 1.0% | $162000 | — | $40M |
| Aug '23 | $16M | $534000 | 78.4% | -1.8% | 0.3% | 0.3% | $3M | — | $58M |
| May '23 | $16M | $4M | 81.8% | 25.2% | 2.4% | 2.2% | $9M | — | $55M |
| Feb '23 | — | $4M | — | — | 2.5% | 2.4% | $5M | — | $39M |
| Nov '22 | — | $1M | — | — | 0.7% | 0.7% | $5M | — | $49M |
| Aug '22 | — | $961000 | — | — | 0.5% | 0.5% | $8M | — | $52M |
| May '22 | — | $4M | — | — | 2.3% | 2.2% | $4M | — | $42M |
| Feb '22 | — | $4M | — | — | 2.6% | 2.4% | $2M | — | $60M |
| Nov '21 | — | $3M | — | — | 1.8% | 1.7% | $3M | — | $42M |
| Aug '21 | — | $305000 | — | — | 0.2% | 0.2% | $8M | — | $37M |
Valuation over time
How the market has priced SLP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 71.2× (Mar '23) to 28.8× (Aug '25).
- The price-to-sales ratio has fallen from 16.5× (Mar '23) to 4.7× (Sep '26).
- The dividend yield has risen from 0.5% (Mar '23) to 1.7% (Aug '25).
P/E
P/S
Dividend yield %
Frequently asked questions
Is SLP growing its revenue and profit?
Over the past 5 years, Simulations Plus, Inc.'s revenue has grown 13.7% per year. These are computed facts, not advice.
How much debt does SLP have?
As of FY2025, Simulations Plus, Inc. reported — of total debt against $31M of cash.
What is SLP's profit margin?
In FY2025, gross margin was 58.4%, operating margin -89.3%, and net margin -81.7%.
What is SLP's P/E ratio?
As of Sep '26, Simulations Plus, Inc. traded at a price-to-earnings ratio of about 28.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.