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SEGMENT REPORTING (Tables) | 12 Months Ended
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Aug. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | There are no differences in measurement between the segment profit measure used by CODM and consolidated (loss) income before income taxes. The following schedule reconciles the total of reportable segments’ gross profit and significant expenses to consolidated income (loss) before income taxes.
|  | Year ended August 31, 2025
(in thousands) |  | Software |  | Services |  | Total
Revenue |  | $ | 45,828 |  |  | $ | 33,351 |  |  | $ | 79,179 |
Less: |  |  |  |  |  |
Cost of revenue (1) |  | 9,652 |  |  | 23,306 |  |  | 32,958 |
Gross Profit |  | 36,176 |  |  | 10,045 |  |  | 46,221 |
Gross Margin |  | 79 | % |  | 30 | % |  | 58 | %
Less: |  |  |  |  |  |
Research and Development |  |  |  |  |  | 6,884 |
Sales and Marketing |  |  |  |  |  | 11,904 |
General and administrative (2) |  |  |  |  |  | 20,941 |
Impairments |  |  |  |  |  | 77,221 |
Loss from operations |  |  |  |  |  | (70,729) |
Add: |  |  |  |  |  |
Interest income and other, net |  |  |  |  |  | 722 |
Change in value of contingent consideration |  |  |  |  |  | 640 |
Gain (loss) on disposal of fixed assets |  |  |  |  |  | (23) |
Income (loss) on currency exchange |  |  |  |  |  | 13 |
Income (loss) before income taxes |  |  |  |  |  | (69,377) |
(1) Cost of revenue includes $6.7 million of amortization within our Software reportable segment. (2) General and administrative includes $0.3 million of depreciation and $1.2 million of amortization, respectively.
|  | Year ended August 31, 2024
(in thousands) |  | Software |  | Services |  | Total
Revenue |  | $ | 41,024 |  |  | $ | 28,989 |  |  | $ | 70,013 |
Less: |  |  |  |  |  |
Cost of revenue (1) |  | 6,478 |  |  | 20,384 |  |  | 26,862 |
Gross Profit |  | 34,546 |  |  | 8,605 |  |  | 43,151 |
Gross Margin |  | 84 | % |  | 30 | % |  | 62 | %
Less: |  |  |  |  |  |
Research and Development |  |  |  |  |  | 5,754 |
Sales and Marketing |  |  |  |  |  | 8,915 |
General and administrative (2) |  |  |  |  |  | 22,351 |
Income from operations |  |  |  |  |  | 6,131 |
Add: |  |  |  |  |  |
Interest income and other, net |  |  |  |  |  | 4,375 |
Change in value of contingent consideration |  |  |  |  |  | 1,639 |
Gain (loss) on disposal of fixed assets |  |  |  |  |  | (120) |
Income (loss) on currency exchange |  |  |  |  |  | 386 |
Income before income taxes |  |  |  |  |  | 12,411 |
(1) Cost of revenue includes $4.5 million of amortization within our Software reportable segment. (2) General and administrative includes $0.3 million of depreciation and $0.9 million of amortization, respectively.
|  | Year ended August 31, 2023
(in thousands) |  | Software |  | Services |  | Total
Revenue |  | $ | 36,517 |  |  | $ | 23,060 |  |  | $ | 59,577 |
Less: |  |  |  |  |  |
Cost of revenue (1) |  | 3,627 |  |  | 8,003 |  |  | 11,630 |
Gross Profit |  | 32,890 |  |  | 15,057 |  |  | 47,947 |
Gross Margin |  | 90 | % |  | 65 | % |  | 80 | %
Less: |  |  |  |  |  |
Research and Development |  |  |  |  |  | 4,504 |
Sales and Marketing |  |  |  |  |  | 6,558 |
General and administrative (2) |  |  |  |  |  | 27,660 |
Impairments |  |  |  |  |  | 500 |
Income from operations |  |  |  |  |  | 8,725 |
Add: |  |  |  |  |  |
Interest income and other, net |  |  |  |  |  | 4,131 |
Change in value of contingent consideration |  |  |  |  |  | (680) |
Gain (loss) on disposal of fixed assets |  |  |  |  |  | (6) |
Income (loss) on currency exchange |  |  |  |  |  | (475) |
Income before income taxes |  |  |  |  |  | 11,695 |
(1) Cost of revenue includes $3.0 million of amortization within our Software reportable segment. (2) General and administrative includes $0.3 million of depreciation and $0.6 million of amortization, respectively.
Schedule of Geographical Revenues | The Company allocates revenues to geographic areas based on the locations of its clients. Geographical revenues for the fiscal years ended August 31, 2025, 2024, and 2023, were as follows:
|  | Years ended August 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
|  | $ |  | % of total* |  | $ |  | % of total |  | $ |  | % of total
Americas |  | $ | 57,701 |  |  | 73 | % |  | $ | 50,473 |  |  | 72 | % |  | $ | 40,817 |  |  | 69 | %
EMEA |  | 14,192 |  |  | 18 | % |  | 14,072 |  |  | 20 | % |  | 11,713 |  |  | 20 | %
Asia Pacific |  | 7,286 |  |  | 9 | % |  | 5,468 |  |  | 8 | % |  | 7,047 |  |  | 12 | %
Total |  | $ | 79,179 |  |  | 100 | % |  | $ | 70,013 |  |  | 100 | % |  | $ | 59,577 |  |  | 100 | %
*Percentages may not add due to rounding
Schedule of Revenue from External Customers by Products and Services | Revenue, classified by significant product and service offerings, was as follows:
(in thousands) |  | August 31, 2025 |  | August 31, 2024 |  | August 31, 2023
GastroPlus |  | $ | 22,091 |  |  | $ | 21,828 |  |  | $ | 20,786 |
MonolixSuite TM |  | 9,361 |  |  | 8,242 |  |  | 6,895 |
ADMET Predictor |  | 7,716 |  |  | 7,357 |  |  | 6,970 |
Other Software |  | 6,660 |  |  | 3,597 |  |  | 1,866 |
Total Software |  | 45,828 |  |  | 41,024 |  |  | 36,517 |
PKPD Services |  | 13,049 |  |  | 12,422 |  |  | 10,463 |
Medical Communications |  | 8,116 |  |  | 1,124 |  |  | — |
QSP/QST Services |  | 6,536 |  |  | 8,892 |  |  | 5,677 |
PBPK Services |  | 5,650 |  |  | 6,551 |  |  | 6,920 |
Total Services |  | 33,351 |  |  | 28,989 |  |  | 23,060 |
Total |  | $ | 79,179 |  |  | $ | 70,013 |  |  | $ | 59,577 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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