Simulations Plus, Inc.
For the period ended Aug 31, 2025. Filed Dec 1, 2025.
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FY2025 · Filed Dec 1, 2025
SLP$18.500.0%Stored close · as of Oct 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years ended August 31, | |||
|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2023 |
| Cash flows from operating activities | |||
| Net (loss) income | $(64,718) | $9,954 | $9,961 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 8,211 | 5,665 | 3,840 |
| Change in fair value of contingent consideration | (640) | (1,639) | 680 |
| Discharge of holdback obligation related to Immunetrics acquisition | (224) | — | — |
| Amortization of investment discounts | (64) | (1,116) | (1,134) |
| Stock-based compensation | 6,354 | 6,538 | 4,828 |
| Deferred income taxes | (5,426) | (1,765) | (2,095) |
| Loss from disposal of assets | 23 | — | 6 |
| Impairments | 77,221 | — | 500 |
| Currency translation adjustments | (25) | (105) | 167 |
| (Increase) decrease in | |||
| Accounts receivable | (581) | 3,129 | 4,097 |
| Prepaid income taxes | 420 | (1,393) | 587 |
| Prepaid expenses and other assets | 194 | (2,143) | (501) |
| Increase (decrease) in | |||
| Accounts payable | (132) | (477) | (81) |
| Other liabilities | (3,187) | (768) | 832 |
| Accrued income taxes | — | — | (7) |
| Deferred revenue | 700 | (2,560) | 176 |
| Net cash provided by operating activities | 18,126 | 13,320 | 21,856 |
| Cash flows from investing activities | |||
| Purchases of property and equipment | (713) | (566) | (453) |
| Purchase of short-term investments | (6,500) | (67,159) | (95,045) |
| Proceeds from maturities of short-term investments | 14,017 | 71,089 | 114,907 |
| Proceeds from sales of investments | 995 | 45,177 | — |
| Issuance of promissory note | (1,000) | — | — |
| Purchased intangibles | (379) | (541) | (601) |
| Business acquisition, net of cash acquired | — | (98,773) | (8,223) |
| Net working capital & excess cash settlement - Pro-ficiency acquisition | (227) | — | — |
| Capitalized computer software development costs | (2,631) | (3,194) | (3,219) |
| Net cash provided by (used in) investing activities | 3,562 | (53,967) | 7,366 |
| Cash flows from financing activities | |||
| Payment of dividends | — | (4,796) | (4,809) |
| Payments on contracts payable | (1,576) | (2,500) | — |
| Proceeds from the exercise of stock options | 430 | 731 | 1,543 |
| Repurchase and retirement of common shares | — | — | (20,000) |
| Net cash used in financing activities | (1,146) | (6,565) | (23,266) |
| Net increase (decrease) in cash and cash equivalents | 20,542 | (47,212) | 5,956 |
| Cash and cash equivalents, beginning of period | $10,311 | $57,523 | $51,567 |
| Cash and cash equivalents, end of period | $30,853 | $10,311 | $57,523 |
| Supplemental disclosures of cash flow information | |||
| Income taxes paid | $1,160 | $5,689 | $3,204 |
| Non-Cash Investing and Financing Activities | |||
| Measurement period adjustments (See Note 2) | $956 | $— | $— |
| Creation of contract liabilities from acquisition of subsidiaries | $— | $— | $5,900 |
| Right of use assets capitalized | $426 | $212 | $227 |
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