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Simulations Plus (SLP) SLP Q1 Financial Results Summary

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Simulations Plus (SLP) Q1 2026 Financial Results Summary

Simulations Plus, Inc. (Nasdaq: SLP) released its financial results for the first quarter of fiscal 2026 on January 8, 2026. The report covers the period ending November 30, 2025.

Financial Highlights for Q1 2026 (compared to Q1 2025)

Management Commentary

Fiscal 2026 Guidance

Dividend and Share Repurchase

Summary of Key Metrics

Simulations Plus is set to hold a Virtual Investor Day on January 21, 2026, to unveil its new product vision and advancements in AI solutions. More detailed financial information can be accessed on the company’s investor relations page.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(in thousands, except per common share and common share data)

November 30, 2025 November 30, 2024
Revenues
Software $8,883 $10,715
Services $9,538 $8,209
Total revenues $18,421 $18,924
Cost of revenues
Software $1,412 $2,638
Services $6,118 $6,068
Total cost of revenues $7,530 $8,706
Gross profit $10,891 $10,218
Operating expenses
Research and development $2,980 $1,848
Sales and marketing $3,179 $2,851
General and administrative $4,019 $5,393
Total operating expenses $10,178 $10,092
Income from operations $713 $126
Other income, net $257 $144
Income before income taxes $970 $270
Income tax expense $-294 $-64
Net income $676 $206
Earnings per share
Basic $0.03 $0.01
Diluted $0.03 $0.01
Weighted-average common shares
outstanding 20,140 20,068
Diluted 20,220 20,266
Other comprehensive (loss) income, net
of tax
Foreign currency translation adjustments $-6 $-42
Unrealized gains (losses) on
available-for-sale securities $— $4
Comprehensive income $670 $168

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per common share and common share data)

November 30, 2025 August 31, 2025
ASSETS
Current assets
Cash and cash equivalents $30,189 $30,853
Accounts receivable, net of allowance $12,154 $9,717
for credit losses of $93 and $187
Prepaid income taxes $1,745 $1,777
Prepaid expenses and other current $8,552 $7,702
assets
Short-term investments $5,500 $1,500
Total current assets $58,140 $51,549
Long-term assets
Capitalized computer software
development costs, net of accumulated $11,290 $11,117
amortization of $22,604 and $21,863
Property and equipment, net $793 $880
Operating lease right-of-use assets $390 $407
Intellectual property, net of
accumulated amortization of $9,287 and
$9,021 $5,931 $6,197
Other intangible assets, net of
accumulated amortization of $4,651 and
$4,399 $11,580 $11,896
Goodwill $43,717 $43,717
Deferred tax assets, net $4,606 $4,774
Other assets $1,384 $1,399
Total assets $137,831 $131,936
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $863 $470
Accrued compensation $2,657 $2,010
Accrued expenses $922 $1,343
Operating lease liability – current $179 $206
portion
Deferred revenue $5,719 $2,696
Total current liabilities $10,340 $6,725
Long-term liabilities
Operating lease liability – net of $378 $410
current portion
Total liabilities $10,718 $7,135
Commitments and contingencies – Note 4
Shareholders’ equity
Preferred stock, $0.001 par value —
10,000,000 shares authorized; no shares $— $—
issued and outstanding
Common stock, $0.001 par value;
50,000,000 shares authorized, 20,146,585 $20 $20
and 20,137,480 shares issued and
outstanding as of November 30, 2025 and
August 31, 2025
Additional paid-in capital $161,058 $159,416
Accumulated deficit $-33,688 $-34,364
Accumulated other comprehensive loss $-277 $-271
Total shareholders’ equity $127,113 $124,801
Total liabilities and shareholders’ $137,831 $131,936
equity