Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.0M | $24.1M | $29.7M | $34.0M | $41.6M | $46.5M | $53.9M | $59.6M | $70.0M | $79.2M |
| Revenue growth | — | 20.9% | 22.9% | 14.5% | 22.4% | 11.7% | 16.0% | 10.5% | 17.5% | 13.1% |
| Gross profit | $15.4M | $17.8M | $21.7M | $24.9M | $30.9M | $35.9M | $43.1M | $47.9M | $43.2M | $46.2M |
| Gross margin | 77.0% | 73.9% | 73.1% | 73.4% | 74.4% | 77.2% | 79.9% | 80.5% | 61.6% | 58.4% |
| Operating income | $7.23M | $8.26M | $10.3M | $10.6M | $11.6M | $11.3M | $14.9M | $8.72M | $6.13M | -$70.7M |
| Operating margin | 36.2% | 34.2% | 34.7% | 31.3% | 27.9% | 24.2% | 27.7% | 14.6% | 8.8% | -89.3% |
| Net income | $4.95M | $5.79M | $8.93M | $8.58M | $9.33M | $9.78M | $12.5M | $9.96M | $9.95M | -$64.7M |
| Net margin | 24.8% | 24.0% | 30.1% | 25.3% | 22.4% | 21.1% | 23.2% | 16.7% | 14.2% | -81.7% |
| EPS (diluted) | $0.29 | $0.33 | $0.50 | $0.48 | $0.50 | $0.47 | $0.60 | $0.49 | $0.49 | -$3.22 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.42M | $6.88M | $9.29M | $11.6M | $10.9M | $19.2M | $17.9M | $21.9M | $13.3M | $18.1M |
| Capital expenditures | $39.1K | $176K | $183K | $138K | $231K | $1.63M | $819K | $453K | $566K | $713K |
| Free cash flow | $5.38M | $6.70M | $9.10M | $11.5M | $10.7M | $17.6M | $17.1M | $21.4M | $12.8M | $17.4M |
| Share buybacks | — | — | — | — | — | $0.00 | $0.00 | $20.0M | $0.00 | $0.00 |
| Dividends paid | $3.41M | $3.45M | $4.16M | $4.20M | $4.25M | $4.81M | $4.85M | $4.81M | $4.80M | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.03M | $6.22M | $9.40M | $11.4M | $49.2M | $37.0M | $51.6M | $57.5M | $10.3M | $30.9M |
| Total assets | $27.8M | $38.5M | $43.3M | $45.2M | $168M | $180M | $188M | $186M | $197M | $132M |
| Total liabilities | $5.08M | $12.7M | $11.4M | $7.52M | $12.4M | $14.2M | $10.1M | $16.1M | $14.2M | $7.13M |
| Long-term debt | — | $5.74M | $3.33M | — | — | — | — | — | — | — |
| Shareholders' equity | $22.7M | $25.8M | $31.9M | $37.7M | $156M | $166M | $178M | $170M | $182M | $125M |
| Retained earnings | $11.3M | $13.7M | $18.5M | $22.4M | $27.4M | $32.4M | $40.0M | $25.2M | $30.4M | -$34.4M |
| Shares (wtd avg diluted) | 17.2M | 17.5M | 17.9M | 18.1M | 18.5M | 20.7M | 20.7M | 20.5M | 20.3M | 20.1M |
Every figure is extracted from Simulations Plus, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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