Simulations Plus, Inc. (SLP) reported first-quarter fiscal 2026 adjusted earnings of 13 cents per share on January 8, 2026, falling short of the Zacks Consensus Estimate by 27.8% and down from 17 cents in the same quarter last year. Quarterly revenues decreased by 3% year over year to $18.4 million, despite beating expectations by 2%. The company noted a decline in software revenues, which dropped 17% to $8.9 million, while service revenues increased by 16% to $9.5 million, driven largely by its MedCom business.
As of November 30, 2025, SLP ended the quarter with 302 commercial clients, an average revenue of $97,000 per client, and an 88% renewal rate. The ending backlog of services projects rose 18% to $20.4 million, indicating a robust pipeline. SLP maintained its fiscal 2026 revenue guidance between $79 million and $82 million, expecting adjusted earnings per share in the range of $1.03 to $1.10.
