SE‑Cluster

Search

Search markets, companies, evidence, and pages

TickerSLP
SectorMedical - Healthcare Information Services
Mkt cap$337M
EV / EBITDA18.5×
PostureHigh Velocity
Composite62/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1023459

Simulations Plus, Inc.

SLPHIGH VELOCITYFILING INTENSITY

Simulations Plus, Inc. reads as an High Velocity (composite 62/100); Consistent Strategic Buyer deploying $107M across 3 disclosed transactions, up 129% vs the prior cycle · primary market Marketing & Data.

Lens

Disclosed M&A capital (2023–2025)

$107M

+129%

vs $47M in 2020–2022

Disclosed transactions

3

+200%

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

62

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$81M
EBITDA$17M
Enterprise value$312M
EV / Revenue3.9×
EV / EBITDA18.5×
P/EN/A
Cash$26M
Total debt$3M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

25/100

Companies actively deploying disclosed capital into M&A

  • $160M disclosed buyer spend

Buyer Cadence

19/100

Buyer-side companies with recent filing activity

  • 255 8-Ks

Target Probability

2/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

12/100

Issuers facing activism, governance, or control pressure

Distress Watch

0/100

Issuers showing financial-distress filing patterns

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
62/100

Issuers with the highest filing-activity intensity

  • 255 8-Ks
  • 4 form types

Quiet Power

34/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $312M
  • 10-Q 61d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $99M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251N/AN/AN/A
20241$99M$99MN/A
20231$8M$8MN/A
2022N/A$19MN/AN/A
2021N/A$19MN/AN/A
20201$10M$10MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    50%
  • Technology Acquisition
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • technology_acquisition
  • platform
  • horizontal_consolidation
  • tuck_in
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

The primary purpose of this acquisition was to bring together two businesses, each with complementary expertise and services that are grounded in science and focused on applying advanced technologies like AI to enhance actionable data analytics.

10-KFY2025

Goodwill has been provided in the transaction based on estimates of future earnings of this subsidiary including anticipated synergies associated with the positioning of the combined company as a leader in model-based drug development.

10-KFY2022

The primary purpose of this acquisition is to be able to capitalize on a tremendous growth opportunity by providing support for quantitative systems pharmacology (“QSP”) in a greater range of therapeutic areas, including oncology.

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Marketing & Data

Market spend (2023–2025)
$51.4B
Market spend (2020–2022)
$63.5B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

18.5×EV / EBITDA

SLP trades at a -3.9-turn discount to the Marketing & Data peer median of 22.4×.

EV / Revenue
3.9×
Net debt / EBITDA
-1.4×
Peer median EV / EBITDA
22.4×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
22.4×11.6×-0.2×$422.6B$3.2B
Simulations Plus, Inc.SLP
18.5×3.9×-1.4×$81M$107M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Marketing & Data. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)192025-12-01
  • 10-Q (quarterly)542026-04-10
  • 8-K (event)2552026-04-09
  • Proxy / DEF 14A362026-02-04
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

Simulations Plus, Inc.: Issuer Brief | SE-Cluster