Simulations Plus, Inc. (SLP)

Simulations Plus's stock has experienced fluctuations. As of April 21, 2026, the share price was $15.31, a decrease from $35.38 on April 22, 2025. In April 2026, Simulations Plus reported its second-quarter fiscal year 2026 adjusted earnings of $0.35 per share and quarterly revenue of $24.3 million. Despite beating earnings and revenue expectations, the company lowered its adjusted EPS guidance for fiscal year 2026. Insider selling also occurred in May 2026.

Simulations Plus has experienced a shift in its demand seasonality. Historically, the company observed peaks in the second and third fiscal quarters, primarily driven by the renewal business for its software. While there is a general indication of a chance for a "green month" in April based on past performance, the overall seasonality score is 14. The company's software segment has historically seen stable renewal rates, while services revenue can be more episodic.

Simulations Plus, Inc. is a provider of modeling and simulation software for pharmaceutical research and development. It operates in the professional, scientific, and technical services sector, focusing on computer systems design and specialized software for the biopharmaceutical industry. The company uses a hybrid business model with revenue from software licensing, consulting, and training programs. Simulations Plus integrates AI/ML with approaches like PBPK and QSP/QST.

Simulations Plus, Inc. is headquartered in Research Triangle Park, North Carolina, and serves clients across North America, Europe, and Asia. Its technology is licensed and utilized by pharmaceutical, biotechnology, and regulatory agencies worldwide.

A significant event impacting Simulations Plus's reputation was an investigation opened by a shareholders rights firm in August 2025, stemming from a $77.2 million impairment charge and the termination of its independent auditor. In April 2026, Simulations Plus announced the successful completion of its 2026 Spring School. The company also adopted a revised Code of Conduct effective October 16, 2025, which includes best practices for the responsible use of AI.

Simulations Plus, Inc. has a diverse ownership structure. As of May 5, 2026, there are 173 institutional owners and shareholders holding a total of 16,368,378 shares. Approximately 29.28% of the company's stock is owned by institutional investors, 17.37% by insiders, and 53.35% by public companies and individual investors. Major institutional owners include First Light Asset Management, LLC, BlackRock, Inc., and Vanguard Group Inc. The largest individual owner is Walter Woltosz, who, along with Virginia Woltosz, holds a significant number of shares.