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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $11.2M, roughly 1.6× Verastem, Inc.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -876.3%, a 880.0% gap on every dollar of revenue.

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.

Verastem, Inc., doing business as Verastem Oncology, is an American pharmaceutical company that develops medicines to treat certain cancers. Headquartered and founded in Boston, Massachusetts, the firm is a member of NASDAQ Biotechnology Index.

SLP vs VSTM — Head-to-Head

Bigger by revenue
SLP
SLP
1.6× larger
SLP
$18.4M
$11.2M
VSTM
Higher net margin
SLP
SLP
880.0% more per $
SLP
3.7%
-876.3%
VSTM

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
SLP
SLP
VSTM
VSTM
Revenue
$18.4M
$11.2M
Net Profit
$676.0K
$-98.5M
Gross Margin
59.1%
Operating Margin
3.9%
-362.2%
Net Margin
3.7%
-876.3%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
-311.1%
EPS (diluted)
$0.03
$-1.35

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
SLP
SLP
VSTM
VSTM
Q4 25
$18.4M
Q3 25
$17.5M
$11.2M
Q2 25
$20.4M
$2.1M
Q1 25
$22.4M
Q4 24
$18.9M
Q3 24
$18.7M
$0
Q2 24
$18.5M
$10.0M
Q1 24
$18.3M
Net Profit
SLP
SLP
VSTM
VSTM
Q4 25
$676.0K
Q3 25
$-681.0K
$-98.5M
Q2 25
$-67.3M
$-25.9M
Q1 25
$3.1M
Q4 24
$206.0K
Q3 24
$843.0K
$-24.0M
Q2 24
$3.1M
$-8.3M
Q1 24
$4.0M
Gross Margin
SLP
SLP
VSTM
VSTM
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
SLP
SLP
VSTM
VSTM
Q4 25
3.9%
Q3 25
3.8%
-362.2%
Q2 25
-364.5%
-2047.9%
Q1 25
12.1%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
10.1%
-182.8%
Q1 24
24.3%
Net Margin
SLP
SLP
VSTM
VSTM
Q4 25
3.7%
Q3 25
-3.9%
-876.3%
Q2 25
-330.6%
-1213.6%
Q1 25
13.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
-82.6%
Q1 24
22.0%
EPS (diluted)
SLP
SLP
VSTM
VSTM
Q4 25
$0.03
Q3 25
$-0.03
$-1.35
Q2 25
$-3.35
$-0.62
Q1 25
$0.15
Q4 24
$0.01
Q3 24
$0.04
$-0.60
Q2 24
$0.15
$-0.31
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
SLP
SLP
VSTM
VSTM
Cash + ST InvestmentsLiquidity on hand
$35.7M
$137.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.1M
$-15.5M
Total Assets
$137.8M
$176.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLP
SLP
VSTM
VSTM
Q4 25
$35.7M
Q3 25
$32.4M
$137.7M
Q2 25
$28.4M
$164.3M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
$113.2M
Q2 24
$119.0M
$83.4M
Q1 24
$108.5M
Total Debt
SLP
SLP
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$40.5M
Q2 24
$40.3M
Q1 24
Stockholders' Equity
SLP
SLP
VSTM
VSTM
Q4 25
$127.1M
Q3 25
$124.8M
$-15.5M
Q2 25
$123.8M
$36.1M
Q1 25
$189.5M
Q4 24
$184.7M
Q3 24
$182.4M
$11.1M
Q2 24
$180.9M
$18.9M
Q1 24
$177.0M
Total Assets
SLP
SLP
VSTM
VSTM
Q4 25
$137.8M
Q3 25
$131.9M
$176.9M
Q2 25
$134.4M
$196.3M
Q1 25
$201.4M
Q4 24
$196.9M
Q3 24
$196.6M
$126.4M
Q2 24
$192.7M
$105.7M
Q1 24
$194.0M
Debt / Equity
SLP
SLP
VSTM
VSTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
3.66×
Q2 24
2.14×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SLP
SLP
VSTM
VSTM
Operating Cash FlowLast quarter
$4.2M
$-36.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLP
SLP
VSTM
VSTM
Q4 25
$4.2M
Q3 25
$5.6M
$-36.2M
Q2 25
$8.1M
$-32.7M
Q1 25
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
$-23.8M
Q2 24
$5.7M
$-27.6M
Q1 24
$5.8M
Free Cash Flow
SLP
SLP
VSTM
VSTM
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
$-27.6M
Q1 24
$5.4M
FCF Margin
SLP
SLP
VSTM
VSTM
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%
-275.8%
Q1 24
29.4%
Capex Intensity
SLP
SLP
VSTM
VSTM
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%
0.1%
Q1 24
2.4%
Cash Conversion
SLP
SLP
VSTM
VSTM
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

SLP
SLP

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

VSTM
VSTM

Segment breakdown not available.

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