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Schrodinger (SDGR) Financials

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$20.71 -0.17 (-0.81%)
As of 09/3/2026 04:00 PM Eastern
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Annual Income Statements for Schrodinger

Annual Income Statements for Schrodinger

This table shows Schrodinger's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -25 -24 -100 -149 41 -187 -103
Consolidated Net Income / (Loss)		 -26 -27 -101 -149 41 -187 -103
Net Income / (Loss) Continuing Operations		 -26 -27 -101 -149 41 -187 -103
Total Pre-Tax Income 		-26 -26 -101 -149 43 -186 -102
Total Operating Income		 -39 -61 -111 -147 -177 -209 -167
Total Gross Profit		 49 63 66 101 141 132 143
Total Revenue		 86 108 138 181 217 208 256
Operating Revenue		 86 108 138 181 217 208 256
Total Cost of Revenue		 36 45 72 80 76 75 113
Operating Cost of Revenue		 36 45 72 80 76 75 113
Total Operating Expenses		 88 124 177 248 318 341 310
Selling, General & Admin Expense		 27 42 64 91 99 100 95
Marketing Expense		 21 18 22 31 37 40 41
Research & Development Expense		 39 65 91 126 182 202 173
Total Other Income / (Expense), net		 13 35 11 -2.31 220 24 65
Interest & Investment Income		 2.82 4.11 -1.78 12 147 0.00 0.00
Other Income / (Expense), net		 9.92 31 12 -14 73 24 65
Income Tax Expense		 -0.29 0.35 0.41 0.06 2.20 1.41 0.94
Basic Earnings per Share		 ($4.09) ($0.41) ($1.42) ($2.10) $0.57 ($2.57) ($1.41)
Weighted Average Basic Shares Outstanding		 6.00M 60.02M 70.59M 71.17M 71.78M 72.67M 73.44M
Diluted Earnings per Share		 ($4.09) ($0.41) ($1.42) ($2.10) $0.54 ($2.57) ($1.41)
Weighted Average Diluted Shares Outstanding		 6.00M 60.02M 70.59M 71.17M 74.99M 72.67M 73.44M
Weighted Average Basic & Diluted Shares Outstanding		 6.00M 60.02M 70.59M 71.49M 72.31M 73.04M 73.83M

Quarterly Income Statements for Schrodinger

This table shows Schrodinger's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -31 -55 -54 -38 -40 -60 -43 -33 33 -60 5.98
Consolidated Net Income / (Loss)		 -31 -55 -54 -38 -40 -60 -43 -33 33 -60 5.98
Net Income / (Loss) Continuing Operations		 -31 -55 -54 -38 -40 -60 -43 -33 33 -60 5.98
Total Pre-Tax Income 		-32 -54 -54 -38 -39 -60 -43 -33 33 -60 7.35
Total Operating Income		 -30 -67 -53 -68 -21 -51 -53 -46 -17 -49 -42
Total Gross Profit		 58 19 31 18 64 31 26 28 57 30 32
Total Revenue		 74 37 47 35 88 60 55 54 87 59 59
Operating Revenue		 74 37 47 35 88 60 55 54 87 59 59
Total Cost of Revenue		 17 18 16 18 24 28 29 26 30 29 26
Operating Cost of Revenue		 17 18 16 18 24 28 29 26 30 29 26
Total Operating Expenses		 87 86 84 86 85 82 79 74 74 78 74
Selling, General & Admin Expense		 26 26 24 25 26 26 25 22 23 23 23
Marketing Expense		 9.95 10 9.69 10 9.70 10 11 9.52 10 12 10
Research & Development Expense		 51 51 51 51 49 46 43 43 41 44 41
Total Other Income / (Expense), net		 -1.89 13 -1.24 30 -19 -8.89 10 13 50 -11 49
Other Income / (Expense), net		 -1.78 13 -1.24 30 -19 -8.89 10 13 50 -11 49
Income Tax Expense		 -0.84 0.46 0.08 -0.09 0.96 0.03 0.29 0.16 0.46 0.41 1.37
Basic Earnings per Share		 ($0.44) ($0.76) ($0.74) ($0.52) ($0.55) ($0.82) ($0.59) ($0.45) $0.45 ($0.81) $0.08
Weighted Average Basic Shares Outstanding		 71.78M 72.29M 72.71M 72.81M 72.67M 73.06M 73.43M 73.61M 73.44M 73.99M 74.71M
Diluted Earnings per Share		 ($0.41) ($0.76) ($0.74) ($0.52) ($0.55) ($0.82) ($0.59) ($0.45) $0.45 ($0.81) $0.08
Weighted Average Diluted Shares Outstanding		 74.99M 72.29M 72.71M 72.81M 72.67M 73.06M 73.43M 73.61M 73.44M 73.99M 75.77M
Weighted Average Basic & Diluted Shares Outstanding		 72.31M 72.68M 72.80M 72.86M 73.04M 73.38M 73.61M 73.66M 73.83M 74.72M 74.81M

Annual Cash Flow Statements for Schrodinger

This table details how cash moves in and out of Schrodinger's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -51 176 -80 -28 65 1.59 75
Net Cash From Operating Activities		 -26 17 -71 -120 -137 -157 14
Net Cash From Continuing Operating Activities		 -26 17 -71 -120 -137 -157 14
Net Income / (Loss) Continuing Operations		 -26 -27 -101 -149 41 -187 -103
Consolidated Net Income / (Loss)		 -26 -27 -101 -149 41 -187 -103
Depreciation Expense		 3.64 3.66 2.85 4.34 5.55 6.16 6.02
Amortization Expense		 - 0.65 5.27 0.63 -7.76 -7.59 -1.87
Non-Cash Adjustments To Reconcile Net Income		 -5.69 -11 18 49 -155 57 2.28
Changes in Operating Assets and Liabilities, net		 1.67 50 4.07 -24 -20 -25 111
Net Cash From Investing Activities		 -54 -382 -17 90 193 149 58
Net Cash From Continuing Investing Activities		 -54 -382 -17 90 193 149 58
Purchase of Property, Plant & Equipment		 -1.84 -2.54 -7.17 -8.01 -13 -7.31 -1.44
Acquisitions		 0.00 -2.87 -3.70 -7.03 -4.13 -3.07 0.00
Purchase of Investments		 -110 -520 -415 -271 -321 -251 -313
Divestitures		 0.00 0.00 16 0.00 0.00 49 18
Sale and/or Maturity of Investments		 58 143 393 377 531 362 355
Net Cash From Financing Activities		 29 541 7.95 2.11 9.05 10 2.93
Net Cash From Continuing Financing Activities		 29 541 7.95 2.11 9.05 10 2.93
Repayment of Debt		 -1.86 - 0.00 0.00 -0.37 -0.18 0.00
Issuance of Common Equity		 0.10 211 0.03 2.11 9.44 10 2.99
Other Financing Activities, net		 0.55 4.18 7.93 0.00 -0.02 -0.06 -0.06

Quarterly Cash Flow Statements for Schrodinger

This table details how cash moves in and out of Schrodinger's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -95 -26 -23 58 -7.52 175 -106 -50 56 30 25
Net Cash From Operating Activities		 -37 -39 -54 -33 -31 144 -52 -62 -16 -15 -34
Net Cash From Continuing Operating Activities		 -37 -39 -54 -33 -31 144 -52 -62 -16 -15 -34
Net Income / (Loss) Continuing Operations		 -31 -55 -54 -38 -40 -60 -43 -33 33 -60 5.98
Consolidated Net Income / (Loss)		 -31 -55 -54 -38 -40 -60 -43 -33 33 -60 5.98
Depreciation Expense		 1.35 1.44 1.40 1.56 1.76 1.59 1.53 1.47 1.44 1.48 1.49
Amortization Expense		 -2.80 -2.68 -2.02 -1.55 -1.33 -0.86 -0.82 -0.67 0.48 -0.66 0.46
Non-Cash Adjustments To Reconcile Net Income		 8.53 3.58 6.16 -0.57 47 21 7.65 2.09 -28 26 -33
Changes in Operating Assets and Liabilities, net		 -14 13 -5.22 5.45 -39 183 -17 -32 -23 19 -8.83
Net Cash From Investing Activities		 -60 5.08 30 91 23 31 -56 11 71 45 59
Net Cash From Continuing Investing Activities		 -60 5.08 30 91 23 31 -56 11 71 45 59
Purchase of Property, Plant & Equipment		 -2.48 -4.10 -1.00 -1.34 -0.87 -0.60 -0.31 -0.49 -0.04 -2.51 -0.36
Purchase of Investments		 -96 -37 -116 -34 -64 -28 -139 -78 -69 -34 -70
Divestitures		 - - - - - 0.00 - - 18 20 47
Sale and/or Maturity of Investments		 39 46 150 77 88 59 83 90 123 61 82
Net Cash From Financing Activities		 2.33 8.01 1.61 0.39 0.12 0.41 2.02 0.31 0.20 0.57 0.65
Net Cash From Continuing Financing Activities		 2.33 8.01 1.61 0.39 0.12 0.41 2.02 0.31 0.20 0.57 0.65
Issuance of Common Equity		 9.44 7.78 1.06 - 1.67 0.42 2.46 0.32 0.21 0.58 0.67
Other Financing Activities, net		 -7.11 0.38 0.54 0.39 -1.37 -0.01 -0.44 -0.01 -0.02 -0.01 -0.02
Cash Income Taxes Paid		 0.63 0.18 0.26 0.41 0.23 0.14 0.23 0.29 - 0.27 0.50

Annual Balance Sheets for Schrodinger

This table presents Schrodinger's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 155 746 756 689 803 823 726
Total Current Assets		 119 683 625 534 568 635 519
Cash & Equivalents		 26 202 120 90 155 147 231
Restricted Cash		 0.50 0.50 3.00 5.24 5.75 15 6.87
Short-Term Investments		 60 440 456 361 308 205 165
Accounts Receivable		 26 35 41 69 89 255 104
Prepaid Expenses		 6.47 4.41 5.03 8.57 9.93 12 13
Plant, Property, & Equipment, net		 6.27 5.14 10 14 23 24 19
Total Noncurrent Assets		 30 58 121 140 212 164 187
Long-Term Investments		 15 46 43 26 83 43 74
Goodwill		 - - 0.00 4.79 4.79 4.79 4.79
Other Noncurrent Operating Assets		 15 12 78 109 124 116 109
Total Liabilities & Shareholders' Equity		 155 746 756 689 803 823 726
Total Liabilities		 57 122 199 241 254 402 362
Total Current Liabilities		 45 73 91 109 134 192 189
Accounts Payable		 3.52 8.40 8.08 9.47 17 11 11
Accrued Expenses		 3.82 2.86 7.32 5.51 12 10 9.16
Current Deferred Revenue		 25 45 55 58 56 112 113
Other Taxes Payable		 7.03 12 18 25 32 42 39
Other Current Liabilities		 5.58 4.54 2.04 11 17 17 16
Total Noncurrent Liabilities		 12 49 108 132 121 210 173
Noncurrent Deferred Revenue		 2.21 41 30 26 9.04 109 79
Other Noncurrent Operating Liabilities		 9.79 7.88 78 106 112 101 94
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -93 624 557 448 549 421 364
Total Preferred & Common Equity		 -93 624 557 448 549 421 364
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -93 623 557 448 549 421 364
Common Stock		 12 753 788 829 887 947 993
Retained Earnings		 -105 -130 -230 -379 -338 -526 -629
Accumulated Other Comprehensive Income / (Loss)		 0.02 0.32 -0.65 -2.38 0.28 0.22 0.11

Quarterly Balance Sheets for Schrodinger

This table presents Schrodinger's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 839 842 794 738 688 669 743 688 654 634 640
Total Current Assets		 604 592 548 494 449 456 571 514 472 464 470
Cash & Equivalents		 233 286 249 130 108 160 326 220 172 260 288
Restricted Cash		 4.49 5.05 6.23 4.64 4.23 9.76 12 12 9.75 7.46 5.06
Short-Term Investments		 294 263 247 301 269 228 174 230 219 139 126
Accounts Receivable		 60 24 32 46 52 45 46 37 57 48 41
Prepaid Expenses		 11 14 13 12 15 13 13 15 13 9.35 11
Plant, Property, & Equipment, net		 16 20 22 26 26 25 23 22 21 20 19
Total Noncurrent Assets		 219 229 224 218 213 188 149 153 161 150 150
Long-Term Investments		 102 106 92 91 89 65 30 35 44 40 39
Goodwill		 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79
Other Noncurrent Operating Assets		 112 118 127 122 120 118 114 113 112 105 107
Total Liabilities & Shareholders' Equity		 839 842 794 738 688 669 743 688 654 634 640
Total Liabilities		 249 230 231 224 214 220 370 345 332 321 311
Total Current Liabilities		 123 107 105 107 100 111 165 156 145 170 174
Accounts Payable		 12 12 10 9.97 8.12 11 12 8.80 9.22 12 10
Accrued Expenses		 8.56 7.32 8.54 11 9.72 7.64 9.90 10 8.89 14 11
Current Deferred Revenue		 52 47 43 49 41 42 105 95 82 103 105
Other Taxes Payable		 13 21 26 20 24 34 21 25 28 25 32
Other Current Liabilities		 12 14 16 17 17 17 17 17 17 16 16
Total Noncurrent Liabilities		 125 124 126 118 115 109 204 190 187 151 138
Noncurrent Deferred Revenue		 20 16 12 8.02 7.08 5.20 104 92 92 59 45
Other Noncurrent Operating Liabilities		 105 108 0.71 0.55 108 104 0.16 98 95 1.14 92
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 590 611 564 514 474 449 374 343 321 314 329
Total Preferred & Common Equity		 590 611 564 514 474 449 374 343 321 314 329
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 590 611 564 514 474 449 374 343 321 314 329
Common Stock		 841 858 872 907 921 934 959 971 983 1,002 1,012
Retained Earnings		 -250 -246 -308 -393 -447 -485 -585 -629 -661 -689 -683
Accumulated Other Comprehensive Income / (Loss)		 -0.90 -0.68 -0.49 -0.07 -0.18 0.60 0.09 -0.03 0.08 -0.03 -0.05

Annual Metrics And Ratios for Schrodinger

This table displays calculated financial ratios and metrics derived from Schrodinger's official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 26.36% 27.60% 31.19% 19.73% -4.21% 23.29%
EBITDA Growth		 0.00% -3.75% -248.37% -71.57% 31.72% -75.72% 47.54%
EBIT Growth		 0.00% -5.58% -225.75% -62.53% 35.20% -78.06% 44.90%
NOPAT Growth		 0.00% -57.34% -82.95% -31.74% -63.82% 12.98% 20.26%
Net Income Growth		 0.00% -3.72% -279.99% -47.39% 127.29% -559.54% 44.81%
EPS Growth		 0.00% 89.98% -246.34% -47.89% 125.71% -575.93% 45.14%
Operating Cash Flow Growth		 0.00% 164.30% -521.73% -69.36% -14.25% -15.09% 108.83%
Free Cash Flow Firm Growth		 0.00% 0.00% -512.06% -73.68% -48.27% 19.24% 103.66%
Invested Capital Growth		 0.00% -1,785.32% -1.12% 47.98% 89.89% 412.79% -1,138.08%
Revenue Q/Q Growth		 0.00% 7.14% 10.53% 6.27% 8.67% 7.34% -0.42%
EBITDA Q/Q Growth		 0.00% -1.17% -20.60% 0.74% -5.10% -3.30% 42.88%
EBIT Q/Q Growth		 0.00% -3.57% -26.01% 1.64% -4.05% -4.41% 41.38%
NOPAT Q/Q Growth		 0.00% -16.74% -5.62% -4.28% -1.74% 4.08% 2.09%
Net Income Q/Q Growth		 0.00% -20.01% -23.30% 2.30% -7.83% -5.38% 41.32%
EPS Q/Q Growth		 0.00% 87.11% -35.24% 2.33% -3.57% -5.76% 41.49%
Operating Cash Flow Q/Q Growth		 0.00% 143.95% -866.35% -4.55% -9.90% 3.76% 1,339.88%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -548.40% -6.03% 31.57% -184.04% 161.71%
Invested Capital Q/Q Growth		 0.00% -581.62% 8.24% 21.44% -104.21% 175.77% 9.75%
Profitability Metrics		 - - - - - - -
Gross Margin		 57.39% 58.72% 47.57% 55.83% 64.94% 63.64% 55.74%
EBITDA Margin		 -29.40% -24.14% -65.91% -86.20% -49.16% -90.17% -38.37%
Operating Margin		 -45.26% -56.35% -80.80% -81.13% -81.90% -100.85% -65.23%
EBIT Margin		 -33.66% -28.12% -71.79% -88.94% -48.14% -89.48% -39.99%
Profit (Net Income) Margin		 -30.02% -24.64% -73.38% -82.44% 18.79% -90.16% -40.36%
Tax Burden Percent		 98.88% 101.31% 100.41% 100.04% 94.88% 100.76% 100.92%
Interest Burden Percent		 90.20% 86.49% 101.80% 92.65% -41.15% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 5.12% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -3,994.74% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -3,986.31% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 3,956.16% 0.00%
Return on Equity (ROE)		 -26.14% -7.38% -17.14% -29.69% 8.17% -38.58% -26.29%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -1,490.78% 0.00%
Operating Return on Assets (OROA)		 -18.54% -6.74% -13.18% -22.28% -13.98% -22.84% -13.21%
Return on Assets (ROA)		 -16.54% -5.91% -13.47% -20.65% 5.46% -23.01% -13.33%
Return on Common Equity (ROCE)		 24.84% -5.41% -17.13% -29.69% 8.17% -38.57% -26.29%
Return on Equity Simple (ROE_SIMPLE)		 27.51% -4.27% -18.17% -33.31% 7.42% -44.39% 0.00%
Net Operating Profit after Tax (NOPAT)		 -27 -43 -78 -103 -168 -147 -117
NOPAT Margin		 -31.68% -39.45% -56.56% -56.79% -77.70% -70.59% -45.66%
Net Nonoperating Expense Percent (NNEP)		 1.40% 4.05% -3.54% -8.40% 40.44% -8.44% 3.06%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -22.95% -30.69% -34.76% -32.08%
Cost of Revenue to Revenue		 42.61% 41.28% 52.43% 44.17% 35.07% 36.36% 44.26%
SG&A Expenses to Revenue		 31.61% 38.76% 46.41% 50.19% 45.76% 48.03% 37.29%
R&D to Revenue		 46.06% 59.85% 65.91% 69.84% 83.89% 97.23% 67.67%
Operating Expenses to Revenue		 102.65% 115.07% 128.37% 136.96% 146.83% 164.49% 120.96%
Earnings before Interest and Taxes (EBIT)		 -29 -30 -99 -161 -104 -186 -102
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -25 -26 -91 -156 -107 -187 -98
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 8.83 4.43 2.97 4.70 3.33 3.62
Price to Tangible Book Value (P/TBV)		 0.00 8.83 4.43 3.01 4.74 3.37 3.67
Price to Revenue (P/Rev)		 2.36 50.90 17.90 7.36 11.90 6.77 5.15
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 63.33 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 1.58% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 92.26 0.00
Enterprise Value to Revenue (EV/Rev)		 3.41 44.53 13.39 4.69 9.35 4.79 3.29
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 287.23 0.00 0.00 0.00 0.00 60.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 256.62 0.00 0.00 0.00 0.00 143.03
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.04 -1.09 -1.11 -1.10 -1.04 -0.99 -1.13
Leverage Ratio		 1.58 1.25 1.27 1.44 1.50 1.68 1.97
Compound Leverage Factor		 1.43 1.08 1.30 1.33 -0.62 1.68 1.97
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 195.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -95.02% 99.89% 100.00% 100.00% 100.00% 99.98% 99.97%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.69 27.75 7.60 2.78 5.98 1.36 1.40
Noncontrolling Interest Sharing Ratio		 195.02% 26.63% 0.06% 0.00% 0.00% 0.01% 0.01%
Liquidity Ratios		 - - - - - - -
Current Ratio		 2.63 9.33 6.85 4.91 4.25 3.31 2.75
Quick Ratio		 2.48 9.26 6.76 4.78 4.13 3.17 2.64
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 19 -77 -134 -199 -161 5.88
Operating Cash Flow to CapEx		 -1,419.34% 660.24% -986.03% -1,493.42% -1,020.17% -2,152.48% 963.87%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.55 0.24 0.18 0.25 0.29 0.26 0.33
Accounts Receivable Turnover		 3.32 3.54 3.63 3.30 2.74 1.21 1.42
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 13.65 18.95 18.19 14.91 11.53 8.73 11.72
Accounts Payable Turnover		 10.34 7.49 8.78 9.11 5.78 5.49 10.24
Days Sales Outstanding (DSO)		 109.82 103.18 100.46 110.58 133.26 302.89 256.58
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 35.29 48.76 41.59 40.07 63.14 66.47 35.64
Cash Conversion Cycle (CCC)		 74.53 54.43 58.88 70.51 70.12 236.43 220.94
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 -3.44 -65 -66 -34 -3.45 11 -112
Invested Capital Turnover		 -24.87 -3.17 -2.12 -3.63 -11.54 56.59 -5.06
Increase / (Decrease) in Invested Capital		 0.00 -61 -0.73 31 31 14 -123
Enterprise Value (EV)		 292 4,813 1,847 849 2,027 995 841
Market Capitalization		 202 5,502 2,469 1,331 2,579 1,405 1,317
Book Value per Share		 ($15.55) $8.97 $7.86 $6.29 $7.62 $5.78 $4.94
Tangible Book Value per Share		 ($15.55) $8.97 $7.86 $6.21 $7.55 $5.72 $4.88
Total Capital		 98 624 557 448 549 422 364
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -102 -689 -623 -482 -552 -411 -476
Capital Expenditures (CapEx)		 1.84 2.54 7.17 8.01 13 7.31 1.44
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -13 -33 -46 -31 -35 76 -72
Debt-free Net Working Capital (DFNWC)		 74 610 534 425 434 443 330
Net Working Capital (NWC)		 74 610 534 425 434 443 330
Net Nonoperating Expense (NNE)		 -1.42 -16 23 46 -209 41 -14
Net Nonoperating Obligations (NNO)		 -102 -689 -623 -482 -552 -411 -476
Total Depreciation and Amortization (D&A)		 3.64 4.30 8.12 4.97 -2.21 -1.43 4.16
Debt-free, Cash-free Net Working Capital to Revenue		 -14.98% -30.92% -33.08% -17.21% -15.98% 36.52% -28.22%
Debt-free Net Working Capital to Revenue		 85.94% 564.11% 387.04% 234.97% 200.37% 213.57% 129.02%
Net Working Capital to Revenue		 85.94% 564.11% 387.04% 234.97% 200.37% 213.57% 129.02%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.41) ($1.42) ($2.10) $0.57 ($2.57) ($1.41)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 70.01M 71.04M 71.17M 71.78M 72.67M 73.44M
Adjusted Diluted Earnings per Share		 $0.00 ($0.41) ($1.42) ($2.10) $0.54 ($2.57) ($1.41)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 70.01M 71.04M 71.17M 74.99M 72.67M 73.44M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.41) ($1.42) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 60.02M 70.59M 71.49M 72.31M 73.04M 73.83M
Normalized Net Operating Profit after Tax (NOPAT)		 -27 -43 -78 -103 -168 -147 -117
Normalized NOPAT Margin		 -31.68% -39.45% -56.56% -56.79% -77.70% -70.59% -45.66%
Pre Tax Income Margin		 -30.36% -24.32% -73.09% -82.41% 19.81% -89.48% -39.99%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Schrodinger

This table displays calculated financial ratios and metrics derived from Schrodinger's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 73,825,101.00 74,720,724.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 73,825,101.00 74,720,724.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.81 0.08
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 30.40% -43.51% 34.51% -17.10% 19.14% 62.72% 15.69% 53.94% -1.23% -1.62% 7.54%
EBITDA Growth		 -18.70% -718.97% -223.34% 41.86% -18.18% -6.37% 22.75% 16.70% 189.87% 0.42% 122.03%
EBIT Growth		 -14.85% -763.99% -234.08% 41.11% -25.00% -10.16% 20.53% 14.63% 184.00% 0.27% 117.13%
NOPAT Growth		 -3.79% -86.35% 13.75% -21.76% 30.08% 24.53% -0.33% 32.85% -16.68% 4.12% 8.76%
Net Income Growth		 -12.73% -142.38% -1,363.37% 38.51% -31.12% -9.29% 20.12% 14.01% 180.84% -0.36% 113.84%
EPS Growth		 -5.13% -143.43% -1,333.33% 39.53% -34.15% -7.89% 20.27% 13.46% 181.82% 1.22% 113.56%
Operating Cash Flow Growth		 -49.37% -26.31% -191.29% 33.41% 16.49% 466.80% 2.84% -86.05% 48.28% -110.30% 34.73%
Free Cash Flow Firm Growth		 0.07% -980.22% -271.46% 129.31% 44.11% 169.39% 234.81% 60.84% 468.26% -147.72% -148.75%
Invested Capital Growth		 89.89% 319.98% 107.99% -117.37% 412.79% -172.46% -4,041.75% -771.51% -1,138.08% 39.71% 16.35%
Revenue Q/Q Growth		 74.13% -50.63% 29.33% -25.44% 150.26% -32.57% -8.05% -0.79% 60.58% -32.84% 0.52%
EBITDA Q/Q Growth		 50.04% -69.01% 1.67% 29.98% -1.57% -52.11% 28.59% 24.50% 209.58% -268.55% 115.80%
EBIT Q/Q Growth		 51.62% -72.81% 0.56% 29.16% -2.69% -52.29% 28.26% 23.91% 201.04% -280.81% 112.32%
NOPAT Q/Q Growth		 47.29% -127.65% 21.81% -29.76% 69.73% -145.70% -3.96% 13.15% 47.40% -101.91% 1.08%
Net Income Q/Q Growth		 50.55% -78.43% 1.24% 29.44% -5.45% -48.72% 27.81% 24.04% 199.13% -284.63% 109.95%
EPS Q/Q Growth		 52.33% -85.37% 2.63% 29.73% -5.77% -49.09% 28.05% 23.73% 200.00% -280.00% 109.88%
Operating Cash Flow Q/Q Growth		 25.40% -5.42% -36.78% 38.10% 6.44% 563.03% -136.23% -18.54% 73.99% 7.82% -129.68%
Free Cash Flow Firm Q/Q Growth		 68.79% -262.38% 51.82% 153.79% -159.53% 549.86% -6.40% -35.83% 36.29% -158.29% 4.36%
Invested Capital Q/Q Growth		 -104.21% 2,873.14% -95.91% -464.03% 175.77% -742.42% -122.45% 19.51% 9.75% 62.69% -208.68%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 77.64% 51.61% 66.20% 50.24% 72.61% 52.26% 47.77% 51.61% 65.68% 50.43% 55.07%
EBITDA Margin		 -44.31% -151.69% -115.32% -108.31% -43.96% -99.16% -77.01% -58.61% 40.00% -100.37% 15.78%
Operating Margin		 -39.96% -184.25% -111.40% -193.89% -23.45% -85.45% -96.61% -84.58% -19.67% -83.28% -70.55%
EBIT Margin		 -42.36% -148.28% -114.01% -108.32% -44.45% -100.38% -78.32% -60.07% 37.80% -101.76% 12.48%
Profit (Net Income) Margin		 -41.38% -149.53% -114.18% -108.06% -45.54% -100.43% -78.84% -60.37% 37.27% -102.46% 10.15%
Tax Burden Percent		 97.33% 100.84% 100.15% 99.76% 102.45% 100.05% 100.67% 100.50% 98.60% 100.68% 81.33%
Interest Burden Percent		 100.35% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.40% 0.00% 18.67%
Return on Invested Capital (ROIC)		 0.00% -932.54% 0.00% -775.27% -928.98% -1,047.53% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -931.11% 0.00% -777.34% -923.64% -1,041.91% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 887.14% 0.00% 725.39% 916.65% 1,011.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 8.17% -45.40% -37.13% -49.88% -12.33% -36.53% -44.40% -45.66% -26.29% -30.12% -16.17%
Cash Return on Invested Capital (CROIC)		 0.00% -302.45% -5,039.58% 0.00% -1,490.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 -12.31% -35.46% -29.90% -28.62% -11.34% -31.25% -27.07% -23.33% 12.48% -37.67% 4.86%
Return on Assets (ROA)		 -12.02% -35.75% -29.95% -28.55% -11.62% -31.27% -27.25% -23.45% 12.31% -37.93% 3.96%
Return on Common Equity (ROCE)		 8.17% -45.40% -37.13% -49.88% -12.33% -36.53% -44.40% -45.66% -26.29% -30.12% -16.17%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -27.86% -42.51% -39.51% 0.00% -51.46% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -21 -47 -37 -48 -14 -36 -37 -32 -17 -34 -34
NOPAT Margin		 -27.97% -128.98% -77.98% -135.72% -16.42% -59.82% -67.63% -59.21% -19.39% -58.30% -57.38%
Net Nonoperating Expense Percent (NNEP)		 -1.92% -1.43% -3.03% 2.06% -5.34% -5.62% -1.27% -0.14% 11.15% -6.48% 8.33%
Return On Investment Capital (ROIC_SIMPLE)		 -3.78% - - - -3.44% -7.53% -10.80% -10.01% -4.65% -8.44% -10.27%
Cost of Revenue to Revenue		 22.36% 48.39% 33.80% 49.76% 27.39% 47.74% 52.23% 48.39% 34.32% 49.57% 44.93%
SG&A Expenses to Revenue		 34.72% 69.79% 49.72% 70.34% 29.19% 43.33% 46.00% 39.95% 26.04% 39.11% 38.57%
R&D to Revenue		 69.46% 138.29% 107.40% 144.45% 55.89% 76.98% 78.78% 78.71% 47.46% 74.80% 69.62%
Operating Expenses to Revenue		 117.60% 235.87% 177.60% 244.12% 96.07% 137.72% 144.38% 136.19% 85.34% 133.72% 125.62%
Earnings before Interest and Taxes (EBIT)		 -31 -54 -54 -38 -39 -60 -43 -33 33 -60 7.35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -33 -56 -55 -38 -39 -59 -42 -32 35 -59 9.29
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 4.70 3.80 2.97 3.00 3.33 3.86 4.31 4.59 3.62 2.67 3.69
Price to Tangible Book Value (P/TBV)		 4.74 3.84 3.00 3.04 3.37 3.91 4.37 4.66 3.67 2.72 3.75
Price to Revenue (P/Rev)		 11.90 10.36 7.01 6.98 6.77 6.26 6.21 5.75 5.15 3.29 4.69
Price to Earnings (P/E)		 63.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 16.05 239.33 0.00 92.26 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 9.35 8.14 4.66 4.59 4.79 4.33 4.12 4.01 3.29 1.90 2.92
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 38.47 35.62 0.00 60.52 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 33.38 42.69 0.00 143.03 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.21 0.00 0.00 0.00 0.27 0.00 0.00 0.00 0.29 0.00
Long-Term Debt to Equity		 0.00 0.21 0.00 0.00 0.00 0.27 0.00 0.00 0.00 0.29 0.00
Financial Leverage		 -1.04 -0.95 -1.04 -0.93 -0.99 -0.97 -1.18 -1.18 -1.13 -1.16 -1.42
Leverage Ratio		 1.50 1.43 1.41 1.44 1.68 1.67 1.69 1.72 1.97 2.00 1.98
Compound Leverage Factor		 1.50 1.43 1.41 1.44 1.68 1.67 1.69 1.72 1.97 2.00 1.98
Debt to Total Capital		 0.00% 17.50% 0.00% 0.00% 0.00% 21.02% 0.00% 0.00% 0.00% 22.48% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 17.50% 0.00% 0.00% 0.00% 21.02% 0.00% 0.00% 0.00% 22.48% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 82.50% 100.00% 100.00% 99.98% 78.98% 100.00% 99.97% 99.97% 77.52% 99.97%
Debt to EBITDA		 0.00 -0.64 0.00 0.00 0.00 -0.52 0.00 0.00 0.00 -0.93 0.00
Net Debt to EBITDA		 0.00 2.45 0.00 0.00 0.00 2.32 0.00 0.00 0.00 3.63 0.00
Long-Term Debt to EBITDA		 0.00 -0.64 0.00 0.00 0.00 -0.52 0.00 0.00 0.00 -0.93 0.00
Debt to NOPAT		 0.00 -0.73 0.00 0.00 0.00 -0.74 0.00 0.00 0.00 -0.79 0.00
Net Debt to NOPAT		 0.00 2.79 0.00 0.00 0.00 3.28 0.00 0.00 0.00 3.08 0.00
Long-Term Debt to NOPAT		 0.00 -0.73 0.00 0.00 0.00 -0.74 0.00 0.00 0.00 -0.79 0.00
Altman Z-Score		 6.28 5.12 3.67 3.39 1.95 1.94 2.05 2.08 2.02 0.70 1.84
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.01% 0.01% 0.00% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.25 4.64 4.50 4.11 3.31 3.45 3.30 3.25 2.75 2.74 2.71
Quick Ratio		 4.13 4.48 4.31 3.90 3.17 3.30 3.13 3.09 2.64 2.64 2.62
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -51 -186 -90 48 -29 129 121 78 106 -62 -59
Operating Cash Flow to CapEx		 -1,502.82% -959.12% -5,366.93% -2,478.09% -3,563.92% 24,171.64% -16,623.57% -12,601.43% -39,251.22% -591.70% -9,411.60%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.29 0.24 0.26 0.26 0.26 0.31 0.35 0.39 0.33 0.37 0.39
Accounts Receivable Turnover		 2.74 3.56 5.25 5.02 1.21 5.01 5.35 5.03 1.42 5.39 6.65
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 11.53 8.84 8.71 8.15 8.73 9.39 10.03 11.26 11.72 11.75 12.58
Accounts Payable Turnover		 5.78 6.79 6.74 6.30 5.49 7.89 11.68 10.52 10.24 9.57 11.69
Days Sales Outstanding (DSO)		 133.26 102.43 69.50 72.64 302.89 72.80 68.23 72.60 256.58 67.66 54.89
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 63.14 53.73 54.17 57.91 66.47 46.24 31.25 34.68 35.64 38.15 31.23
Cash Conversion Cycle (CCC)		 70.12 48.70 15.33 14.73 236.43 26.55 36.98 37.92 220.94 29.51 23.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -3.45 96 3.91 -14 11 -69 -154 -124 -112 -42 -129
Invested Capital Turnover		 -11.54 7.23 -8.92 5.71 56.59 17.51 -3.17 -3.72 -5.06 -4.59 -1.83
Increase / (Decrease) in Invested Capital		 31 139 53 -96 14 -165 -158 -110 -123 28 25
Enterprise Value (EV)		 2,027 1,534 936 887 995 999 979 1,031 841 483 756
Market Capitalization		 2,579 1,952 1,406 1,350 1,405 1,442 1,476 1,477 1,317 839 1,214
Book Value per Share		 $7.62 $7.10 $6.52 $6.17 $5.78 $5.11 $4.67 $4.37 $4.94 $4.25 $4.40
Tangible Book Value per Share		 $7.55 $7.04 $6.46 $6.11 $5.72 $5.05 $4.61 $4.30 $4.88 $4.18 $4.34
Total Capital		 549 623 474 449 422 473 343 321 364 404 329
Total Debt		 0.00 109 0.00 0.00 0.00 99 0.00 0.00 0.00 91 0.00
Total Long-Term Debt		 0.00 109 0.00 0.00 0.00 99 0.00 0.00 0.00 91 0.00
Net Debt		 -552 -418 -470 -464 -411 -443 -497 -445 -476 -355 -458
Capital Expenditures (CapEx)		 2.48 4.10 1.00 1.34 0.87 0.60 0.31 0.49 0.04 2.51 0.36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -35 -49 -32 -53 76 -107 -104 -74 -72 -112 -122
Debt-free Net Working Capital (DFNWC)		 434 387 349 345 443 405 358 327 330 294 297
Net Working Capital (NWC)		 434 387 349 345 443 405 358 327 330 294 297
Net Nonoperating Expense (NNE)		 9.94 7.52 17 -9.76 26 24 6.14 0.63 -49 26 -40
Net Nonoperating Obligations (NNO)		 -552 -418 -470 -464 -411 -443 -497 -445 -476 -355 -458
Total Depreciation and Amortization (D&A)		 -1.45 -1.25 -0.62 0.00 0.43 0.73 0.72 0.79 1.92 0.81 1.94
Debt-free, Cash-free Net Working Capital to Revenue		 -15.98% -25.75% -16.00% -27.49% 36.52% -46.24% -43.73% -28.95% -28.22% -43.94% -47.16%
Debt-free Net Working Capital to Revenue		 200.37% 205.42% 174.16% 178.58% 213.57% 175.92% 150.57% 127.11% 129.02% 115.50% 114.51%
Net Working Capital to Revenue		 200.37% 205.42% 174.16% 178.58% 213.57% 175.92% 150.57% 127.11% 129.02% 115.50% 114.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.44) ($0.76) ($0.74) ($0.52) ($0.55) ($0.82) ($0.59) ($0.45) $0.45 ($0.81) $0.08
Adjusted Weighted Average Basic Shares Outstanding		 71.78M 72.29M 72.71M 72.81M 72.67M 73.06M 73.43M 73.61M 73.44M 73.99M 74.71M
Adjusted Diluted Earnings per Share		 ($0.41) ($0.76) ($0.74) ($0.52) ($0.55) ($0.82) ($0.59) ($0.45) $0.45 ($0.81) $0.08
Adjusted Weighted Average Diluted Shares Outstanding		 74.99M 72.29M 72.71M 72.81M 72.67M 73.06M 73.43M 73.61M 73.44M 73.99M 75.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 72.31M 72.68M 72.80M 72.86M 73.04M 73.38M 73.61M 73.66M 73.83M 74.72M 74.81M
Normalized Net Operating Profit after Tax (NOPAT)		 -21 -47 -37 -48 -14 -36 -37 -32 -17 -34 -34
Normalized NOPAT Margin		 -27.97% -128.98% -77.98% -135.72% -16.42% -59.82% -67.63% -59.21% -19.39% -58.30% -57.38%
Pre Tax Income Margin		 -42.51% -148.28% -114.01% -108.32% -44.45% -100.38% -78.32% -60.07% 37.80% -101.76% 12.48%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Schrödinger’s latest results show a business with improving quarterly revenue and gross profitability, but one that remains dependent on investment income and its cash reserves. The available quarterly data spans Q3 2022 through Q2 2026, with some prior periods marked as restated, so comparisons should be viewed as directional rather than a complete four-year annual trend.

Revenue has generally grown from the 2023-2024 levels. Q2 2026 revenue was $58.9 million, up slightly from $58.6 million in Q1 2026 and 7.6% from the restated Q2 2025 figure of $54.8 million. It was also substantially above Q2 2023 revenue of $35.2 million. However, revenue remained below the unusually strong fourth-quarter results of approximately $87 million in both 2024 and 2025, highlighting meaningful quarterly volatility.

Gross profit improved to $32.4 million in Q2 2026 from $29.5 million in Q1 and $26.2 million in Q2 2025. Gross margin increased to approximately 55.1%, compared with 53.5% in Q1 2026 and 47.8% in Q2 2025. Operating expenses declined modestly year over year to $74.0 million, although research and development remained the largest expense at $41.0 million. As a result, the operating loss narrowed to $41.5 million from $52.9 million a year earlier, but the core business was still not profitable.

The Q2 bottom line benefited from $48.9 million of other income, producing net income of $6.0 million, or $0.08 per diluted share. This compares with a $60.0 million net loss, or $0.81 per share, in Q1 2026. Investors should not treat the latest profit as evidence of sustainable operating profitability because other income has been highly variable, including $50.1 million in Q4 2025, a $10.8 million loss in Q1 2026 and $13.3 million of income in Q3 2025.

Cash generation remains the primary concern. Operating cash flow was negative $34.1 million in Q2 2026, although this was an improvement from negative $52.2 million in Q2 2025 and negative $61.9 million in Q3 2025. Schrödinger generated positive total investing cash flow of $58.6 million, but this primarily reflected investment maturities and divestitures rather than operating earnings. At June 30, 2026, the company held approximately $418.8 million in cash, restricted cash and short-term investments, providing a substantial liquidity cushion.

  • Revenue growth has resumed: Q2 2026 revenue rose 7.6% year over year and was about 67% above Q2 2023, indicating expansion over the longer term.
  • Gross margin improved: Q2 2026 gross margin was approximately 55.1%, up from about 47.8% in Q2 2025 as revenue increased faster than cost of revenue.
  • Operating losses narrowed: The Q2 2026 operating loss of $41.5 million improved from $52.9 million in Q2 2025 and $48.8 million in Q1 2026.
  • Liquidity remains substantial: Cash, restricted cash and short-term investments totaled approximately $418.8 million at the end of Q2 2026, while the current ratio was roughly 2.7.
  • Liabilities declined year over year: Total liabilities fell to $311.4 million in Q2 2026 from $345.4 million in Q2 2025, helped by lower noncurrent obligations and deferred revenue.
  • Q2 2026 net income was driven by non-operating income: The $6.0 million profit was supported by $48.9 million of other income, making the result difficult to extrapolate.
  • Investment portfolio activity is significant: Large purchases, maturities and divestitures of investments have driven much of the company’s positive investing cash flow and quarterly cash movements.
  • Operating cash flow remains negative: Schrödinger has reported negative operating cash flow in each of the listed quarters since Q3 2024, including negative $34.1 million in Q2 2026.
  • The core business remains loss-making: Operating expenses of $74.0 million substantially exceeded gross profit of $32.4 million in Q2 2026, leaving a $41.5 million operating deficit.
  • Equity and asset balances have contracted: Total assets declined to $640.4 million in Q2 2026 from $794.1 million in Q3 2023, while total equity fell from $449.4 million to $329.0 million over the same period.
09/04/26 02:09 AM ETAI Generated. May Contain Errors.

Schrodinger Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Schrodinger's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Schrodinger's net income appears to be on an upward trend, with a most recent value of -$103.27 million in 2025, rising from -$25.68 million in 2019. The previous period was -$187.12 million in 2024. See Schrodinger's forecast for analyst expectations on what's next for the company.

Schrodinger's total operating income in 2025 was -$166.90 million, based on the following breakdown:
  • Total Gross Profit: $142.61 million
  • Total Operating Expenses: $309.51 million

Over the last 6 years, Schrodinger's total revenue changed from $85.54 million in 2019 to $255.87 million in 2025, a change of 199.1%.

Schrodinger's total liabilities were at $362.11 million at the end of 2025, a 9.9% decrease from 2024, and a 535.1% increase since 2019.

In the past 6 years, Schrodinger's cash and equivalents has ranged from $25.99 million in 2019 to $230.52 million in 2025, and is currently $230.52 million as of their latest financial filing in 2025.

Over the last 6 years, Schrodinger's book value per share changed from -15.55 in 2019 to 4.94 in 2025, a change of -131.8%.


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Financial statements for NASDAQ:SDGR last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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