Simulations Plus (SLP) Cost of Revenue (2010 - 2026)
Simulations Plus' Cost of Revenue was $6.76 million in fiscal Q3 2026 (quarter ended May 31, 2026), down 7.8% from $7.33 million a year earlier and down 17.0% from the prior quarter.
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Analysis
Simulations Plus (SLP) Cost of Revenue (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Simulations Plus' Cost of Revenue was $30.05 million through May 31, 2026, down 19.2% year-over-year; for FY2025 (ended Aug 31, 2025), it was $32.96 million, up 22.7% from FY2024.
- Cost of Revenue has now increased for four consecutive fiscal years, with a five-year compound annual growth rate of 25.4% (FY2020 to FY2025).
- In earlier fiscal years, Cost of Revenue was $26.86 million in FY2024 (+131.0%), $11.63 million in FY2023 (+7.5%), $10.82 million in FY2022 (+2.1%) and $10.6 million in FY2021 (-0.5%).
- The fiscal Q3 2026 figure marks the lowest quarterly Cost of Revenue since fiscal Q3 2024.
- Compared with a year earlier, Cost of Revenue has declined for four straight quarters, with growth averaging 48.7% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was fiscal Q4 2024 (growth of 250.5%); the worst was fiscal Q4 2025 (a decline of 35.7%).
- Per Business Quant data, SLP's Cost of Revenue in the three fiscal quarters before Q3 2026 was $8.15 million (Q2 2026), $7.53 million (Q1 2026) and $7.62 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 44.24 Bn | 16.49 Bn | 695.95 Mn | 232.01 Mn |
| 3 | Samsara | 24.06 Bn | 20.83 Bn | 392.58 Mn | 115.86 Mn |
| 4 | Toast | 17.18 Bn | 9.85 Bn | 516.00 Mn | 1.39 Bn |
| 5 | Ptc | 15.95 Bn | 14.76 Bn | 490.47 Mn | 109.58 Mn |
| 6 | Duolingo | 13.49 Bn | 8.67 Bn | 216.74 Mn | 81.71 Mn |
| 7 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 297.10 Mn |
| 8 | Manhattan Associates | 11.90 Bn | 10.90 Bn | 168.33 Mn | 129.46 Mn |
| 9 | Costar | 11.09 Bn | 5.06 Bn | 728.00 Mn | 197.00 Mn |
| 10 | Simulations Plus | 374.00 Mn | 214.14 Mn | 15.13 Mn | 6.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 6.76 Mn |
| Feb 28, 2026 | 8.15 Mn |
| Nov 30, 2025 | 7.53 Mn |
| Aug 31, 2025 | 7.62 Mn |
| May 31, 2025 | 7.33 Mn |
| Feb 28, 2025 | 9.31 Mn |
| Nov 30, 2024 | 8.71 Mn |
| Aug 31, 2024 | 11.84 Mn |
| May 31, 2024 | 5.29 Mn |
| Feb 29, 2024 | 5.08 Mn |
| Nov 30, 2023 | 4.65 Mn |
| Aug 31, 2023 | 3.38 Mn |
| May 31, 2023 | 2.96 Mn |
| Feb 28, 2023 | 2.62 Mn |
| Nov 30, 2022 | 2.67 Mn |
| Aug 31, 2022 | 2.68 Mn |
| May 31, 2022 | 2.56 Mn |
| Feb 28, 2022 | 2.83 Mn |
| Nov 30, 2021 | 2.76 Mn |
| Aug 31, 2021 | 2.79 Mn |
API Access
Simulations Plus Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SLP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "SLP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=SLP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();