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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $13.7M, roughly 1.3× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs 3.7%, a 72.0% 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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

SLP vs XLO — Head-to-Head

Bigger by revenue
SLP
SLP
1.3× larger
SLP
$18.4M
$13.7M
XLO
Higher net margin
XLO
XLO
72.0% more per $
XLO
75.7%
3.7%
SLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SLP
SLP
XLO
XLO
Revenue
$18.4M
$13.7M
Net Profit
$676.0K
$10.4M
Gross Margin
59.1%
Operating Margin
3.9%
-86.5%
Net Margin
3.7%
75.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
179.1%
EPS (diluted)
$0.03
$-3.74

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
XLO
XLO
Q4 25
$18.4M
$13.7M
Q3 25
$17.5M
$19.1M
Q2 25
$20.4M
$8.1M
Q1 25
$22.4M
$2.9M
Q4 24
$18.9M
Q3 24
$18.7M
Q2 24
$18.5M
Q1 24
$18.3M
Net Profit
SLP
SLP
XLO
XLO
Q4 25
$676.0K
$10.4M
Q3 25
$-681.0K
$-16.3M
Q2 25
$-67.3M
$-15.8M
Q1 25
$3.1M
$-13.3M
Q4 24
$206.0K
Q3 24
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
SLP
SLP
XLO
XLO
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
XLO
XLO
Q4 25
3.9%
-86.5%
Q3 25
3.8%
-10.1%
Q2 25
-364.5%
-177.7%
Q1 25
12.1%
-472.7%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
10.1%
Q1 24
24.3%
Net Margin
SLP
SLP
XLO
XLO
Q4 25
3.7%
75.7%
Q3 25
-3.9%
-85.4%
Q2 25
-330.6%
-196.0%
Q1 25
13.7%
-452.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
SLP
SLP
XLO
XLO
Q4 25
$0.03
$-3.74
Q3 25
$-0.03
$-0.11
Q2 25
$-3.35
$-0.16
Q1 25
$0.15
$-0.18
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
SLP
SLP
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$35.7M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.1M
$35.3M
Total Assets
$137.8M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLP
SLP
XLO
XLO
Q4 25
$35.7M
$137.5M
Q3 25
$32.4M
$103.8M
Q2 25
$28.4M
$121.6M
Q1 25
$21.4M
$89.1M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Stockholders' Equity
SLP
SLP
XLO
XLO
Q4 25
$127.1M
$35.3M
Q3 25
$124.8M
$-8.1M
Q2 25
$123.8M
$7.1M
Q1 25
$189.5M
$10.7M
Q4 24
$184.7M
Q3 24
$182.4M
Q2 24
$180.9M
Q1 24
$177.0M
Total Assets
SLP
SLP
XLO
XLO
Q4 25
$137.8M
$154.7M
Q3 25
$131.9M
$133.7M
Q2 25
$134.4M
$133.8M
Q1 25
$201.4M
$103.7M
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
SLP
SLP
XLO
XLO
Operating Cash FlowLast quarter
$4.2M
$-2.0M
Free Cash FlowOCF − Capex
$-2.1M
FCF MarginFCF / Revenue
-15.3%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
6.26×
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLP
SLP
XLO
XLO
Q4 25
$4.2M
$-2.0M
Q3 25
$5.6M
$-17.5M
Q2 25
$8.1M
$-14.5M
Q1 25
$5.7M
$29.0M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$5.8M
Free Cash Flow
SLP
SLP
XLO
XLO
Q4 25
$-2.1M
Q3 25
$5.3M
Q2 25
$7.8M
$-14.9M
Q1 25
$5.6M
$29.0M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
SLP
SLP
XLO
XLO
Q4 25
-15.3%
Q3 25
30.5%
Q2 25
38.5%
-184.0%
Q1 25
25.0%
988.3%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
SLP
SLP
XLO
XLO
Q4 25
0.0%
0.7%
Q3 25
1.5%
0.0%
Q2 25
1.5%
5.0%
Q1 25
0.3%
0.8%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
SLP
SLP
XLO
XLO
Q4 25
6.26×
-0.19×
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%

XLO
XLO

Segment breakdown not available.

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