Simulations Plus, Inc. 2026: Revenue $21.89M, EPS $0.18— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Simulations Plus, Inc. reported Q2 2026 revenue of $21.89M, up 7.5% YoY, and diluted EPS of $0.18, a significant recovery from the prior year's loss. Growth was driven by a 20% surge in services demand, which now accounts for 42% of revenue, improving gross margins to 69%. The company doubled R&D spending to advance its AI-enabled cloud modeling ecosystem while implementing organizational realignments to boost efficiency and reduce G&A expenses.
Simulations Plus, Inc. reported results for the 2026 quarter with revenue of $21.89M and diluted EPS of $0.18, driven by stronger services demand and improved margins compared with the prior-year period.
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $21.89M | $20.36M | 7.5% |
| Net income² | $3.58M | ($67.32M) | 105.3% |
| Diluted EPS³ | $0.18 | ($3.35) | 105.4% |
¹ Reported as “Total revenues”. ² Reported as “Net income (loss)”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth: Total revenue rose 7% quarter-over-quarter and 5% year-to-date, led by a 20% increase in services while software sales were flat.
- Channel shift: Services (Development & Commercialization) increased to 42% of revenue and contributed to improved gross margin.
- Margins and efficiency: Gross margins improved to 69% for the quarter (65% YTD) reflecting stronger service demand, higher yields and efficiency gains.
- R&D and product roadmap: R&D spending doubled quarter-over-quarter and rose 62% YTD to advance a cloud-enabled modeling ecosystem with AI capabilities.
- Operational actions: Headcount reductions and organizational realignment boosted billable utilization, lowered G&A and improved operating efficiency.
Original SEC Filing: Simulations Plus, Inc. [ SLP ] - 10-Q - Jul. 09, 2026