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Side-by-side financial comparison of Neuphoria Therapeutics Inc. (NEUP) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $15.0M, roughly 1.2× Neuphoria Therapeutics Inc.). Neuphoria Therapeutics Inc. runs the higher net margin — 75.1% vs 3.7%, a 71.4% gap on every dollar of revenue.

Neuphoria Therapeutics Inc is a clinical-stage biopharmaceutical company focused on researching and developing innovative targeted therapies for unmet medical needs in neurological and psychiatric conditions, including anxiety, treatment-resistant depression, and other central nervous system disorders. Its core R&D efforts prioritize delivering safer, more effective treatment options for patient groups with limited existing care alternatives.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

NEUP vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.2× larger
SLP
$18.4M
$15.0M
NEUP
Higher net margin
NEUP
NEUP
71.4% more per $
NEUP
75.1%
3.7%
SLP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
NEUP
NEUP
SLP
SLP
Revenue
$15.0M
$18.4M
Net Profit
$11.3M
$676.0K
Gross Margin
59.1%
Operating Margin
79.8%
3.9%
Net Margin
75.1%
3.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$6.55
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NEUP
NEUP
SLP
SLP
Q4 25
$18.4M
Q3 25
$17.5M
Q2 25
$20.4M
Q1 25
$15.0M
$22.4M
Q4 24
$18.9M
Q3 24
$18.7M
Q2 24
$18.5M
Q1 24
$18.3M
Net Profit
NEUP
NEUP
SLP
SLP
Q4 25
$676.0K
Q3 25
$-681.0K
Q2 25
$-67.3M
Q1 25
$11.3M
$3.1M
Q4 24
$206.0K
Q3 24
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
NEUP
NEUP
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
NEUP
NEUP
SLP
SLP
Q4 25
3.9%
Q3 25
3.8%
Q2 25
-364.5%
Q1 25
79.8%
12.1%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
10.1%
Q1 24
24.3%
Net Margin
NEUP
NEUP
SLP
SLP
Q4 25
3.7%
Q3 25
-3.9%
Q2 25
-330.6%
Q1 25
75.1%
13.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
NEUP
NEUP
SLP
SLP
Q4 25
$0.03
Q3 25
$-0.03
Q2 25
$-3.35
Q1 25
$6.55
$0.15
Q4 24
$0.01
Q3 24
$0.04
Q2 24
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEUP
NEUP
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$17.0M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.0M
$127.1M
Total Assets
$30.7M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEUP
NEUP
SLP
SLP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$28.4M
Q1 25
$17.0M
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Stockholders' Equity
NEUP
NEUP
SLP
SLP
Q4 25
$127.1M
Q3 25
$124.8M
Q2 25
$123.8M
Q1 25
$26.0M
$189.5M
Q4 24
$184.7M
Q3 24
$182.4M
Q2 24
$180.9M
Q1 24
$177.0M
Total Assets
NEUP
NEUP
SLP
SLP
Q4 25
$137.8M
Q3 25
$131.9M
Q2 25
$134.4M
Q1 25
$30.7M
$201.4M
Q4 24
$196.9M
Q3 24
$196.6M
Q2 24
$192.7M
Q1 24
$194.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEUP
NEUP
SLP
SLP
Operating Cash FlowLast quarter
$11.5M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.02×
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEUP
NEUP
SLP
SLP
Q4 25
$4.2M
Q3 25
$5.6M
Q2 25
$8.1M
Q1 25
$11.5M
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$5.8M
Free Cash Flow
NEUP
NEUP
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
NEUP
NEUP
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
NEUP
NEUP
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
NEUP
NEUP
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.02×
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NEUP
NEUP

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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