SLP Simulations Plus, Inc.

BEARISH Impact: 8/10 8-K
Horizon months Filed Apr 9, 2026 Processed 2mo ago SEC 0001023459-26-000013
8-K Item 2.02: Earnings release
Latest settled — T+20d
SLP ▲ +23.16% at T+20d
SHORT call ✗ call lost -23.16% · α vs SPY -14.63% · entry $13.04 → $16.06
Next anchor: T+60d in 26d
Last close $15.91 (close Jun 8) · -22.01% from $13.04 entry (call sign-flipped)
Entry anchored
Apr 9, 03:59 PM ET
via Databento tick
T+1d
-0.69%
call +0.69% · α +1.67%
$12.95
settled 2mo ago
T+5d
+10.20%
call -10.20% · α -5.70%
$14.37
settled 8w ago
T+20d
+23.16%
call -23.16% · α -14.63%
$16.06
settled 5w ago
T+60d
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call — · α —
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in 26d

Price Chart

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Executive Summary

Simulations Plus reported Q2 FY26 revenue of $24.3M (+8% YoY) and GAAP EPS of $0.22, missing consensus by 6%. While revenue and adjusted EBITDA beat expectations, the company lowered its full-year adjusted EPS guidance to $0.75–$0.85 from $1.03–$1.10 due to a higher expected tax rate. This guidance cut outweighs the positive quarter, making the filing bearish.

Key Financial Metrics

Guidance
$79M-$82M
lowered
Gross Margin
66%

Actionable Insight

The strong quarter was overshadowed by a significant guidance cut due to tax headwinds. Monitor next quarter's tax rate and client spending trends to assess if the guidance reduction is temporary or structural.

Key Facts

  • Q2 revenue was $24.3M (+8% YoY), above consensus of $20.9M
  • GAAP EPS was $0.22, missing consensus of $0.23
  • Adjusted EBITDA was $8.7M, above consensus of $6.6M
  • Full-year adjusted EPS guidance was lowered to $0.75–$0.85 from $1.03–$1.10 due to higher expected tax rate
  • Software revenue grew 9% to $14.6M, services revenue grew 8% to $9.7M

Financial Impact

Adjusted EPS guidance lowered by 23-32% due to higher expected tax rate

epsguidancetax_rate

Risk Factors

  • Increased effective tax rate could pressure future profitability
  • Software revenue growth remains volatile and below historical averages

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Integrated Systems Design

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001023459-26-000013
Document: slp-20260409.htm0001023459-26-000013
Document: slpearningscalldeck262.htm0001023459-26-000013
Document: 0001023459-26-000013-index-headers.html0001023459-26-000013
Document: 0001023459-26-000013-index.html0001023459-26-000013
Document: 0001023459-26-000013.txt0001023459-26-000013
8-K Data (Synthetic)0001023459-26-000013
2 reports for SLP
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May 4, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$13.38 $15.11▲ +12.93%▲ +13.65%$15.91 (+18.91%)
Apr 9, 2026
8w ago
8-K
BEARISH ★ 8/10
$13.04 $14.37▼ −10.20%▼ −5.70%$15.91 (−22.01%)
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