Simulations Plus, Inc. — Form 8-K
Filed July 9, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
On June 15, 2026, Simulations Plus entered into a definitive merger agreement to be acquired by affiliates of Altaris, LLC, with closing expected in Q4 calendar 2026. Q3 FY2026 (ended May 31, 2026) revenue grew 7% to $21.9M ($20.4M prior year); software revenue flat at $12.6M; services revenue +20% to $9.3M. Net income $3.6M vs. prior-year loss of $67.3M (which included $77.2M impairment); adjusted EBITDA $7.9M (36% margin). Nine-month revenue +5% to $64.6M; net income $8.8M vs. loss of $64.0M.
Why this rating
Acquisition terminates independent status; material event, ~$479M market cap. Modest recent growth (7% Q3, 5% YTD) and positive earnings trajectory offset by deal uncertainty and loss of upside optionality.
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