Simulations Plus, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $79.2M | $70.0M | $59.6M | $53.9M | $46.5M | $41.6M | $34.0M | $29.7M |
| Cost of Revenue | $33.0M | $26.9M | $11.6M | $10.8M | $10.6M | $10.6M | $9.0M | $8.0M |
| Gross Profit | $46.2M | $43.2M | $47.9M | $43.1M | $35.9M | $30.9M | $24.9M | $21.7M |
| Gross Margin | 58.4% | 61.6% | 80.5% | 79.9% | 77.2% | 74.4% | 73.4% | 73.1% |
| Operating Expenses | ||||||||
| Research & Development | $6.9M | $5.8M | $4.5M | $3.2M | $4.0M | $3.0M | $2.5M | $1.8M |
| SG&A Expense | $20.9M | $22.4M | $27.7M | $20.1M | $20.6M | $16.4M | $11.8M | $9.6M |
| Operating Income | $-70.7M | $6.1M | $8.7M | $14.9M | $11.3M | $11.6M | $10.6M | $10.3M |
| Operating Margin | -89.3% | 8.8% | 14.6% | 27.7% | 24.2% | 27.9% | 31.3% | 34.7% |
| Interest Expense | — | — | — | — | $22.0K | $0 | $0 | $153.0K |
| Pretax Income | $-69.4M | $12.4M | $11.7M | $15.1M | $11.1M | $11.4M | $10.6M | $10.1M |
| Income Tax Expense | $-4.7M | $2.5M | $1.7M | $2.6M | $1.3M | $2.1M | $2.0M | $1.2M |
| Net Income | $-64.7M | $10.0M | $10.0M | $12.5M | $9.8M | $9.3M | $8.6M | $8.9M |
| Net Margin | -81.7% | 14.2% | 16.7% | 23.2% | 21.1% | 22.4% | 25.3% | 30.1% |
| EPS (Basic) | $-3.22 | $0.50 | $0.50 | $0.62 | $0.49 | $0.52 | $0.49 | $0.52 |
| EPS (Diluted) | $-3.22 | $0.49 | $0.49 | $0.60 | $0.47 | $0.50 | $0.48 | $0.50 |
| Shares Outstanding (Basic) | 20.1M | 20.0M | 20.1M | 20.2M | 20.0M | 17.8M | 17.5M | 17.3M |
| Shares Outstanding (Diluted) | 20.1M | 20.3M | 20.5M | 20.7M | 20.7M | 18.5M | 18.1M | 17.9M |
| Dividends Per Share | — | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | $0.24 | — |
Risk comes from not knowing what you're doing.