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Side-by-side financial comparison of ORASURE TECHNOLOGIES INC (OSUR) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

ORASURE TECHNOLOGIES INC is the larger business by last-quarter revenue ($26.8M vs $18.4M, roughly 1.5× Simulations Plus, Inc.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -72.1%, a 75.7% gap on every dollar of revenue. On growth, Simulations Plus, Inc. posted the faster year-over-year revenue change (-2.7% vs -28.5%). Over the past eight quarters, Simulations Plus, Inc.'s revenue compounded faster (0.3% CAGR vs -29.7%).

OraSure Technologies, Inc. is a Bethlehem, Pennsylvania–based company in the medical device industry. Their products include diagnostic testing kits. The company had recently developed OraQuick testing kit, the first over-the-counter home HIV test.

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.

OSUR vs SLP — Head-to-Head

Bigger by revenue
OSUR
OSUR
1.5× larger
OSUR
$26.8M
$18.4M
SLP
Growing faster (revenue YoY)
SLP
SLP
+25.9% gap
SLP
-2.7%
-28.5%
OSUR
Higher net margin
SLP
SLP
75.7% more per $
SLP
3.7%
-72.1%
OSUR
Faster 2-yr revenue CAGR
SLP
SLP
Annualised
SLP
0.3%
-29.7%
OSUR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
OSUR
OSUR
SLP
SLP
Revenue
$26.8M
$18.4M
Net Profit
$-19.3M
$676.0K
Gross Margin
41.0%
59.1%
Operating Margin
-75.1%
3.9%
Net Margin
-72.1%
3.7%
Revenue YoY
-28.5%
-2.7%
Net Profit YoY
-78.7%
228.2%
EPS (diluted)
$-0.28
$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
OSUR
OSUR
SLP
SLP
Q4 25
$26.8M
$18.4M
Q3 25
$27.1M
$17.5M
Q2 25
$31.2M
$20.4M
Q1 25
$29.9M
$22.4M
Q4 24
$37.4M
$18.9M
Q3 24
$39.9M
$18.7M
Q2 24
$54.3M
$18.5M
Q1 24
$54.1M
$18.3M
Net Profit
OSUR
OSUR
SLP
SLP
Q4 25
$-19.3M
$676.0K
Q3 25
$-13.7M
$-681.0K
Q2 25
$-19.7M
$-67.3M
Q1 25
$-16.0M
$3.1M
Q4 24
$-10.8M
$206.0K
Q3 24
$-4.5M
$843.0K
Q2 24
$-615.0K
$3.1M
Q1 24
$-3.6M
$4.0M
Gross Margin
OSUR
OSUR
SLP
SLP
Q4 25
41.0%
59.1%
Q3 25
43.5%
56.4%
Q2 25
42.1%
64.0%
Q1 25
41.1%
58.5%
Q4 24
36.2%
54.0%
Q3 24
42.8%
36.6%
Q2 24
45.4%
71.5%
Q1 24
44.5%
72.2%
Operating Margin
OSUR
OSUR
SLP
SLP
Q4 25
-75.1%
3.9%
Q3 25
-59.4%
3.8%
Q2 25
-57.7%
-364.5%
Q1 25
-59.3%
12.1%
Q4 24
-33.2%
0.7%
Q3 24
-15.0%
-6.2%
Q2 24
-5.0%
10.1%
Q1 24
-13.1%
24.3%
Net Margin
OSUR
OSUR
SLP
SLP
Q4 25
-72.1%
3.7%
Q3 25
-50.6%
-3.9%
Q2 25
-63.0%
-330.6%
Q1 25
-53.6%
13.7%
Q4 24
-28.8%
1.1%
Q3 24
-11.3%
4.5%
Q2 24
-1.1%
16.9%
Q1 24
-6.6%
22.0%
EPS (diluted)
OSUR
OSUR
SLP
SLP
Q4 25
$-0.28
$0.03
Q3 25
$-0.19
$-0.03
Q2 25
$-0.26
$-3.35
Q1 25
$-0.21
$0.15
Q4 24
$-0.14
$0.01
Q3 24
$-0.06
$0.04
Q2 24
$-0.01
$0.15
Q1 24
$-0.05
$0.20

Balance Sheet & Financial Strength

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

Metric
OSUR
OSUR
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$199.3M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$340.8M
$127.1M
Total Assets
$403.2M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OSUR
OSUR
SLP
SLP
Q4 25
$199.3M
$35.7M
Q3 25
$216.5M
$32.4M
Q2 25
$234.6M
$28.4M
Q1 25
$247.6M
$21.4M
Q4 24
$267.8M
$18.2M
Q3 24
$278.6M
$20.3M
Q2 24
$267.4M
$119.0M
Q1 24
$263.8M
$108.5M
Stockholders' Equity
OSUR
OSUR
SLP
SLP
Q4 25
$340.8M
$127.1M
Q3 25
$362.0M
$124.8M
Q2 25
$380.7M
$123.8M
Q1 25
$396.3M
$189.5M
Q4 24
$410.3M
$184.7M
Q3 24
$425.6M
$182.4M
Q2 24
$425.8M
$180.9M
Q1 24
$426.3M
$177.0M
Total Assets
OSUR
OSUR
SLP
SLP
Q4 25
$403.2M
$137.8M
Q3 25
$423.1M
$131.9M
Q2 25
$445.0M
$134.4M
Q1 25
$457.6M
$201.4M
Q4 24
$479.7M
$196.9M
Q3 24
$464.1M
$196.6M
Q2 24
$466.3M
$192.7M
Q1 24
$467.6M
$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
OSUR
OSUR
SLP
SLP
Operating Cash FlowLast quarter
$-9.0M
$4.2M
Free Cash FlowOCF − Capex
$-9.9M
FCF MarginFCF / Revenue
-37.1%
Capex IntensityCapex / Revenue
3.4%
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters
$-53.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OSUR
OSUR
SLP
SLP
Q4 25
$-9.0M
$4.2M
Q3 25
$-10.1M
$5.6M
Q2 25
$-10.2M
$8.1M
Q1 25
$-19.7M
$5.7M
Q4 24
$109.0K
$-1.3M
Q3 24
$12.7M
$1.7M
Q2 24
$7.8M
$5.7M
Q1 24
$6.7M
$5.8M
Free Cash Flow
OSUR
OSUR
SLP
SLP
Q4 25
$-9.9M
Q3 25
$-11.0M
$5.3M
Q2 25
$-12.2M
$7.8M
Q1 25
$-20.2M
$5.6M
Q4 24
$-347.0K
$-1.4M
Q3 24
$12.5M
$1.6M
Q2 24
$6.2M
$5.6M
Q1 24
$5.2M
$5.4M
FCF Margin
OSUR
OSUR
SLP
SLP
Q4 25
-37.1%
Q3 25
-40.6%
30.5%
Q2 25
-38.9%
38.5%
Q1 25
-67.3%
25.0%
Q4 24
-0.9%
-7.2%
Q3 24
31.4%
8.8%
Q2 24
11.5%
30.0%
Q1 24
9.5%
29.4%
Capex Intensity
OSUR
OSUR
SLP
SLP
Q4 25
3.4%
0.0%
Q3 25
3.4%
1.5%
Q2 25
6.2%
1.5%
Q1 25
1.4%
0.3%
Q4 24
1.2%
0.5%
Q3 24
0.4%
0.1%
Q2 24
3.0%
0.6%
Q1 24
2.9%
2.4%
Cash Conversion
OSUR
OSUR
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
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

OSUR
OSUR

Product And Services$24.9M93%
Other$1.9M7%

SLP
SLP

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

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