Simulations Plus, Inc.
Balance Sheet
| Line Item | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | Aug 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $35.3M | $25.7M | $30.2M | $30.9M | $27.0M | $11.0M | $6.2M | $10.3M |
| Accounts Receivable | $17.2M | $18.2M | $12.2M | $9.7M | $14.8M | $16.5M | $12.8M | $9.1M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $75.1M | $67.6M | $58.1M | $51.5M | $51.8M | $46.7M | $40.4M | $39.3M |
| Property, Plant & Equipment | $513.0K | $752.0K | $793.0K | $880.0K | $681.0K | $800.0K | $819.0K | $812.0K |
| Goodwill | $43.7M | $43.7M | $43.7M | $43.7M | $43.5M | $96.3M | $96.3M | $96.1M |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $153.0M | $146.5M | $137.8M | $131.9M | $134.4M | $201.4M | $196.9M | $196.6M |
| Liabilities | ||||||||
| Accounts Payable | $2.2M | $803.0K | $863.0K | $470.0K | $1.7M | $1.2M | $1.1M | $602.0K |
| Total Current Liabilities | $13.6M | $12.3M | $10.3M | $6.7M | $10.1M | $10.7M | $9.7M | $12.1M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $13.9M | $12.7M | $10.7M | $7.1M | $10.6M | $11.9M | $12.2M | $14.2M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-25.6M | $-29.2M | $-33.7M | $-34.4M | $-33.7M | $33.6M | $30.6M | $30.4M |
| Total Stockholders' Equity | $139.0M | $133.8M | $127.1M | $124.8M | $123.8M | $189.5M | $184.7M | $182.4M |
When you combine ignorance and leverage, you get some pretty interesting results.