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Financials · SDGR

Schrodinger Inc. (SDGR) financials

For the twelve months ended Sep 30, 2026, Schrodinger Inc. reported $269.20M of revenue and -$59.25M of net income.

Revenue, TTM
$269.20M
Revenue growth, YoY
+4.8%
Net income, TTM
-$59.25M
Net margin
-22.0%
Free cash flow, TTM
-$116.77M
EPS, diluted, TTM
-$0.78
Cash
$246.98M
P/S
9.31
Market cap
$2.51B
Annual revenue$255.87M
FY2019FY2025
Annual net income-$103.27M
FY2019FY2025
Annual free cash flow$12.46M
FY2019FY2025

SDGR revenue and earnings growth

SDGR revenueQ3 2026$64.49M

Quarter YoY
+18.7%
QoQ
+9.5%
FY YoY
+23.3%
5Y CAGR
+18.8%

SDGR revenue was $64.49M in fiscal Q3 2026 (ended Sep 30, 2026), up 18.7% from a year earlier and up 9.5% from the prior quarter. For the full fiscal 2025 it was $255.87M, up 23.3% from fiscal 2024. Compound annual growth was +18.8% over 5 years. It rose in 5 of the last 6 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

SDGR net incomeQ3 2026-$37.71M

SDGR net income was -$37.71M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$32.80M a year earlier. For the full fiscal 2025 it was -$103.27M, compared with -$187.12M in fiscal 2024.

SDGR EPSQ3 2026-$0.50

SDGR diluted EPS was -$0.50 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.45 a year earlier. For the full fiscal 2025 it was -$1.41, compared with -$2.57 in fiscal 2024.

SDGR free cash flowQ3 2026-$48.87M

5Y CAGR
-2.6%

SDGR free cash flow was -$48.87M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$62.36M a year earlier. For the full fiscal 2025 it was $12.46M, compared with -$164.68M in fiscal 2024. Compound annual growth was -2.6% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$255.87M$207.54M$216.67M$180.96M$137.93M$108.09M$85.54M
Cost of revenue$113.25M$75.46M$75.97M$79.93M$72.31M$44.62M$36.45M
Gross profit$142.61M$132.08M$140.69M$101.02M$65.62M$63.47M$49.09M
Research and development$173.14M$201.78M$181.77M$126.37M$90.90M$64.69M$39.40M
Selling, general and admin$95.41M$99.68M$99.15M$90.83M$64.01M$41.90M$27.04M
Operating income-$166.90M-$209.30M-$177.45M-$146.82M-$111.44M-$60.92M-$38.72M
Pre-tax income-$102.33M-$185.71M$42.92M-$149.12M-$100.81M-$26.29M-$25.97M
Income tax$939.0K$1.41M$2.20M$63.0K$411.0K$345.0K-$291.0K
Net income-$103.27M-$187.12M$40.72M-$149.19M-$100.39M-$24.46M-$24.57M
EPS, basic-$1.41-$2.57$0.57-$2.10-$1.42-$0.41-$4.09
EPS, diluted-$1.41-$2.57$0.54-$2.10-$1.42-$0.41-$4.09
Diluted shares73.4M72.7M75.0M71.2M70.6M60.0M6.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$230.52M$162.66M$161.07M$95.72M$123.27M$202.80M$26.49M
Short-term investments$164.95M$204.80M$307.69M$360.61M$456.21M$440.39M$59.84M
Receivables$83.04M$235.69M$65.99M$55.95M$31.74M$31.42M$18.68M
Current assets$519.26M$634.99M$567.80M$533.99M$625.06M$682.98M$118.54M
Goodwill$4.79M$4.79M$4.79M$4.79M$0--
Total assets$726.16M$823.23M$802.96M$688.59M$756.49M$746.26M$155.27M
Current liabilities$189.14M$191.75M$133.67M$108.80M$91.21M$73.20M$45.02M
Total liabilities$362.11M$401.78M$254.40M$240.68M$199.40M$122.24M$57.01M
Shareholders' equity$364.05M$421.44M$548.56M$447.89M$557.07M$624.02M-$93.32M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow$13.90M-$157.37M-$136.73M-$119.68M-$70.67M$16.76M-$26.06M
Capital expenditures$1.44M$7.31M$13.40M$8.01M$7.17M$2.54M$1.84M
Free cash flow$12.46M-$164.68M-$150.14M-$127.70M-$77.84M$14.22M-$27.89M
Investing cash flow$57.90M$148.84M$193.03M$90.02M-$16.81M-$381.72M-$53.85M
Financing cash flow$2.93M$10.12M$9.05M$2.11M$7.95M$541.27M$28.68M
Stock-based compensation$43.00M$49.90M$47.84M$39.63M$26.49M$10.54M$2.19M
Depreciation and amortization$6.02M$6.16M$5.55M$4.34M$2.85M$3.66M$3.64M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY23.3%-4.2%19.7%31.2%27.6%26.4%-
Gross margin55.7%63.6%64.9%55.8%47.6%58.7%57.4%
Operating margin-65.2%-100.8%-81.9%-81.1%-80.8%-56.4%-45.3%
Net margin-40.4%-90.2%18.8%-82.4%-72.8%-22.6%-28.7%
Free cash flow margin4.9%-79.3%-69.3%-70.6%-56.4%13.2%-32.6%
Return on equity-28.4%-44.4%7.4%-33.3%-18.0%-3.9%-
Return on assets-14.2%-22.7%5.1%-21.7%-13.3%-3.3%-15.8%
Current ratio2.753.314.254.916.859.332.63

Source: XBRL data Schrodinger Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SDGR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SDGR$269.20M+4.8%-$59.25M-22.0%$2.51B
LLY$86.46B+45.5%$27.58B31.9%$1.33T
JNJ$99.33B+7.8%$16.09B16.2%$679.13B
ABBV$66.01B+10.7%$10.34B15.7%$518.44B
MRK$67.38B+4.9%$2.45B3.6%$366.73B
NVS$54.53B+8.4%$13.98B25.6%$312.35B
AZN$58.74B+8.6%$10.22B17.4%$293.69B
ABT$48.23B+10.0%$4.70B9.7%$191.40B
NVODKK 309.06B+6.4%DKK 102.43B33.1%$183.23B

SDGR FAQ

9 questions
  • What is SDGR revenue?
    Schrodinger Inc. (SDGR) reported $269.20M of revenue for the twelve months ended Sep 30, 2026. That is up 4.8% from the year before. Revenue for fiscal 2025 was $255.87M.
  • Is SDGR profitable?
    No. Schrodinger Inc. reported a net loss of $59.25M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does SDGR have?
    Schrodinger Inc. reported $246.98M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SDGR revenue growing?
    Schrodinger Inc.'s revenue changed +23.3% in fiscal 2025, to $255.87M. Its compound annual growth rate was +18.8% over 5 years.
  • What is SDGR gross margin?
    Schrodinger Inc.'s gross profit was $157.53M on $269.20M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 58.5%.
  • What is SDGR free cash flow?
    Schrodinger Inc. generated -$116.77M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$112.58M less capital expenditures.
  • What is SDGR earnings per share?
    Diluted earnings per share were -$0.78 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SDGR last report financial results?
    The latest statements here come from Schrodinger Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this SDGR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Schrodinger Inc. files with the SEC. It is provided for information only and is not investment advice.