Schrodinger (SDGR) Financials

$13.30 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$13.42 +0.12 (+0.92%)

As of 05/22/2026 07:52 PM Eastern

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

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	-62	-31	-55	-54	-38	-40	-60	-43	-33	33	-60
Consolidated Net Income / (Loss)	-62	-31	-55	-54	-38	-40	-60	-43	-33	33	-60
Net Income / (Loss) Continuing Operations	-62	-31	-55	-54	-38	-40	-60	-43	-33	33	-60
Total Pre-Tax Income	-65	-32	-54	-54	-38	-39	-60	-43	-33	33	-60
Total Operating Income	-56	-30	-67	-53	-68	-21	-51	-53	-46	-17	-49
Total Gross Profit	24	58	19	31	18	64	31	26	28	57	30
Total Revenue	43	74	37	47	35	88	60	55	54	87	59
Operating Revenue	43	74	37	47	35	88	60	55	54	87	59
Total Cost of Revenue	19	17	18	16	18	24	28	29	26	30	29
Operating Cost of Revenue	19	17	18	16	18	24	28	29	26	30	29
Total Operating Expenses	80	87	86	84	86	85	82	79	74	74	78
Selling, General & Admin Expense	24	26	26	24	25	26	26	25	22	23	23
Marketing Expense	9.11	9.95	10	9.69	10	9.70	10	11	9.52	10	12
Research & Development Expense	47	51	51	51	51	49	46	43	43	41	44
Total Other Income / (Expense), net	-8.72	-1.89	13	-1.24	30	-19	-8.89	10	13	50	-11
Other Income / (Expense), net	-8.72	-1.78	13	-1.24	30	-19	-8.89	10	13	50	-11
Income Tax Expense	-2.89	-0.84	0.46	0.08	-0.09	0.96	0.03	0.29	0.16	0.46	0.41
Basic Earnings per Share	($0.86)	($0.44)	($0.76)	($0.74)	($0.52)	($0.55)	($0.82)	($0.59)	($0.45)	$0.45	($0.81)
Weighted Average Basic Shares Outstanding	71.92M	71.78M	72.29M	72.71M	72.81M	72.67M	73.06M	73.43M	73.61M	73.44M	73.99M
Diluted Earnings per Share	($0.86)	($0.41)	($0.76)	($0.74)	($0.52)	($0.55)	($0.82)	($0.59)	($0.45)	$0.45	($0.81)
Weighted Average Diluted Shares Outstanding	71.92M	74.99M	72.29M	72.71M	72.81M	72.67M	73.06M	73.43M	73.61M	73.44M	73.99M
Weighted Average Basic & Diluted Shares Outstanding	72.03M	72.31M	72.68M	72.80M	72.86M	73.04M	73.38M	73.61M	73.66M	73.83M	74.72M

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-35	-95	-26	-23	58	-7.52	175	-106	-50	56	30
Net Cash From Operating Activities	-50	-37	-39	-54	-33	-31	144	-52	-62	-16	-15
Net Cash From Continuing Operating Activities	-50	-37	-39	-54	-33	-31	144	-52	-62	-16	-15
Net Income / (Loss) Continuing Operations	-62	-31	-55	-54	-38	-40	-60	-43	-33	33	-60
Consolidated Net Income / (Loss)	-62	-31	-55	-54	-38	-40	-60	-43	-33	33	-60
Depreciation Expense	1.27	1.35	1.44	1.40	1.56	1.76	1.59	1.53	1.47	1.44	1.48
Amortization Expense	-2.10	-2.80	-2.68	-2.02	-1.55	-1.33	-0.86	-0.82	-0.67	0.48	-0.66
Non-Cash Adjustments To Reconcile Net Income	32	8.53	3.58	6.16	-0.57	47	21	7.65	2.09	-28	26
Changes in Operating Assets and Liabilities, net	-19	-14	13	-5.22	5.45	-39	183	-17	-32	-23	19
Net Cash From Investing Activities	13	-60	5.08	30	91	23	31	-56	11	71	45
Net Cash From Continuing Investing Activities	13	-60	5.08	30	91	23	31	-56	11	71	45
Purchase of Property, Plant & Equipment	-4.92	-2.48	-4.10	-1.00	-1.34	-0.87	-0.60	-0.31	-0.49	-0.04	-2.51
Purchase of Investments	-99	-96	-37	-116	-34	-64	-28	-139	-78	-69	-34
Divestitures	-	-	-	-	-	-	0.00	-	-	18	20
Sale and/or Maturity of Investments	117	39	46	150	77	88	59	83	90	123	61
Net Cash From Financing Activities	1.33	2.33	8.01	1.61	0.39	0.12	0.41	2.02	0.31	0.20	0.57
Net Cash From Continuing Financing Activities	1.33	2.33	8.01	1.61	0.39	0.12	0.41	2.02	0.31	0.20	0.57
Issuance of Common Equity	-	9.44	7.78	1.06	-	1.67	0.42	2.46	0.32	0.21	0.58
Other Financing Activities, net	1.53	-7.11	0.38	0.54	0.39	-1.37	-0.01	-0.44	-0.01	-0.02	-0.01
Cash Income Taxes Paid	1.28	0.63	0.18	0.26	0.41	0.23	0.14	0.23	0.29	-	0.27

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	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
Total Assets	662	839	842	794	738	688	669	743	688	654	634
Total Current Assets	524	604	592	548	494	449	456	571	514	472	464
Cash & Equivalents	103	233	286	249	130	108	160	326	220	172	260
Restricted Cash	5.80	4.49	5.05	6.23	4.64	4.23	9.76	12	12	9.75	7.46
Short-Term Investments	371	294	263	247	301	269	228	174	230	219	139
Accounts Receivable	36	60	24	32	46	52	45	46	37	57	48
Prepaid Expenses	9.10	11	14	13	12	15	13	13	15	13	9.35
Plant, Property, & Equipment, net	14	16	20	22	26	26	25	23	22	21	20
Total Noncurrent Assets	124	219	229	224	218	213	188	149	153	161	150
Long-Term Investments	27	102	106	92	91	89	65	30	35	44	40
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	91	112	118	127	122	120	118	114	113	112	105
Total Liabilities & Shareholders' Equity	662	839	842	794	738	688	669	743	688	654	634
Total Liabilities	199	249	230	231	224	214	220	370	345	332	321
Total Current Liabilities	89	123	107	105	107	100	111	165	156	145	170
Accounts Payable	11	12	12	10	9.97	8.12	11	12	8.80	9.22	12
Accrued Expenses	6.40	8.56	7.32	8.54	11	9.72	7.64	9.90	10	8.89	14
Current Deferred Revenue	44	52	47	43	49	41	42	105	95	82	103
Other Taxes Payable	19	13	21	26	20	24	34	21	25	28	25
Other Current Liabilities	8.68	12	14	16	17	17	17	17	17	17	16
Total Noncurrent Liabilities	110	125	124	126	118	115	109	204	190	187	151
Capital Lease Obligations	-	-	-	113	109	-	-	99	-	-	91
Noncurrent Deferred Revenue	22	20	16	12	8.02	7.08	5.20	104	92	92	59
Other Noncurrent Operating Liabilities	88	105	108	0.71	0.55	108	104	0.16	98	95	1.14
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	463	590	611	564	514	474	449	374	343	321	314
Total Preferred & Common Equity	463	590	611	564	514	474	449	374	343	321	314
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	462	590	611	564	514	474	449	374	343	321	314
Common Stock	818	841	858	872	907	921	934	959	971	983	1,002
Retained Earnings	-352	-250	-246	-308	-393	-447	-485	-585	-629	-661	-689
Accumulated Other Comprehensive Income / (Loss)	-3.69	-0.90	-0.68	-0.49	-0.07	-0.18	0.60	0.09	-0.03	0.08	-0.03

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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	73,825,101.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	73,825,101.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.81
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.11%	30.40%	-43.51%	34.51%	-17.10%	19.14%	62.72%	15.69%	53.94%	-1.23%	-1.62%
EBITDA Growth	-72.25%	-18.70%	-718.97%	-223.34%	41.86%	-18.18%	-6.37%	22.75%	16.70%	189.87%	0.42%
EBIT Growth	-63.69%	-14.85%	-763.99%	-234.08%	41.11%	-25.00%	-10.16%	20.53%	14.63%	184.00%	0.27%
NOPAT Growth	-21.73%	-3.79%	-86.35%	13.75%	-21.76%	30.08%	24.53%	-0.33%	32.85%	-16.68%	4.12%
Net Income Growth	-55.63%	-12.73%	-142.38%	-1,363.37%	38.51%	-31.12%	-9.29%	20.12%	14.01%	180.84%	-0.36%
EPS Growth	-53.57%	-5.13%	-143.43%	-1,333.33%	39.53%	-34.15%	-7.89%	20.27%	13.46%	181.82%	1.22%
Operating Cash Flow Growth	-64.48%	-49.37%	-26.31%	-191.29%	33.41%	16.49%	466.80%	2.84%	-86.05%	48.28%	-110.30%
Free Cash Flow Firm Growth	-172.86%	0.07%	-980.22%	-271.46%	129.31%	44.11%	169.39%	234.81%	60.84%	468.26%	-147.72%
Invested Capital Growth	288.71%	89.89%	319.98%	107.99%	-117.37%	412.79%	-172.46%	-4,041.75%	-771.51%	-1,138.08%	39.71%
Revenue Q/Q Growth	20.97%	74.13%	-50.63%	29.33%	-25.44%	150.26%	-32.57%	-8.05%	-0.79%	60.58%	-32.84%
EBITDA Q/Q Growth	-289.42%	50.04%	-69.01%	1.67%	29.98%	-1.57%	-52.11%	28.59%	24.50%	209.58%	-268.55%
EBIT Q/Q Growth	-301.85%	51.62%	-72.81%	0.56%	29.16%	-2.69%	-52.29%	28.26%	23.91%	201.04%	-280.81%
NOPAT Q/Q Growth	8.08%	47.29%	-127.65%	21.81%	-29.76%	69.73%	-145.70%	-3.96%	13.15%	47.40%	-101.91%
Net Income Q/Q Growth	-1,549.84%	50.55%	-78.43%	1.24%	29.44%	-5.45%	-48.72%	27.81%	24.04%	199.13%	-284.63%
EPS Q/Q Growth	-1,533.33%	52.33%	-85.37%	2.63%	29.73%	-5.77%	-49.09%	28.05%	23.73%	200.00%	-280.00%
Operating Cash Flow Q/Q Growth	-170.79%	25.40%	-5.42%	-36.78%	38.10%	6.44%	563.03%	-136.23%	-18.54%	73.99%	7.82%
Free Cash Flow Firm Q/Q Growth	-414.69%	68.79%	-262.38%	51.82%	153.79%	-159.53%	549.86%	-6.40%	-35.83%	36.29%	-158.29%
Invested Capital Q/Q Growth	267.52%	-104.21%	2,873.14%	-95.91%	-464.03%	175.77%	-742.42%	-122.45%	19.51%	9.75%	62.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.53%	77.64%	51.61%	66.20%	50.24%	72.61%	52.26%	47.77%	51.61%	65.68%	50.43%
EBITDA Margin	-154.44%	-44.31%	-151.69%	-115.32%	-108.31%	-43.96%	-99.16%	-77.01%	-58.61%	40.00%	-100.37%
Operating Margin	-132.00%	-39.96%	-184.25%	-111.40%	-193.89%	-23.45%	-85.45%	-96.61%	-84.58%	-19.67%	-83.28%
EBIT Margin	-152.48%	-42.36%	-148.28%	-114.01%	-108.32%	-44.45%	-100.38%	-78.32%	-60.07%	37.80%	-101.76%
Profit (Net Income) Margin	-145.70%	-41.38%	-149.53%	-114.18%	-108.06%	-45.54%	-100.43%	-78.84%	-60.37%	37.27%	-102.46%
Tax Burden Percent	95.55%	97.33%	100.84%	100.15%	99.76%	102.45%	100.05%	100.67%	100.50%	98.60%	100.68%
Interest Burden Percent	100.00%	100.35%	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%	0.00%	1.40%	0.00%
Return on Invested Capital (ROIC)	-956.80%	0.00%	-932.54%	0.00%	-775.27%	-928.98%	-1,047.53%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-952.21%	0.00%	-931.11%	0.00%	-777.34%	-923.64%	-1,041.91%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	916.49%	0.00%	887.14%	0.00%	725.39%	916.65%	1,011.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-40.31%	8.17%	-45.40%	-37.13%	-49.88%	-12.33%	-36.53%	-44.40%	-45.66%	-26.29%	-30.12%
Cash Return on Invested Capital (CROIC)	-354.99%	0.00%	-302.45%	-5,039.58%	0.00%	-1,490.78%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-41.76%	-12.31%	-35.46%	-29.90%	-28.62%	-11.34%	-31.25%	-27.07%	-23.33%	12.48%	-37.67%
Return on Assets (ROA)	-39.90%	-12.02%	-35.75%	-29.95%	-28.55%	-11.62%	-31.27%	-27.25%	-23.45%	12.31%	-37.93%
Return on Common Equity (ROCE)	-40.28%	8.17%	-45.40%	-37.13%	-49.88%	-12.33%	-36.53%	-44.40%	-45.66%	-26.29%	-30.12%
Return on Equity Simple (ROE_SIMPLE)	7.84%	0.00%	-27.86%	-42.51%	-39.51%	0.00%	-51.46%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-39	-21	-47	-37	-48	-14	-36	-37	-32	-17	-34
NOPAT Margin	-92.40%	-27.97%	-128.98%	-77.98%	-135.72%	-16.42%	-59.82%	-67.63%	-59.21%	-19.39%	-58.30%
Net Nonoperating Expense Percent (NNEP)	-4.59%	-1.92%	-1.43%	-3.03%	2.06%	-5.34%	-5.62%	-1.27%	-0.14%	11.15%	-6.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-3.78%	-	-	-	-3.44%	-7.53%	-10.80%	-10.01%	-4.65%	-8.44%
Cost of Revenue to Revenue	44.47%	22.36%	48.39%	33.80%	49.76%	27.39%	47.74%	52.23%	48.39%	34.32%	49.57%
SG&A Expenses to Revenue	56.12%	34.72%	69.79%	49.72%	70.34%	29.19%	43.33%	46.00%	39.95%	26.04%	39.11%
R&D to Revenue	110.02%	69.46%	138.29%	107.40%	144.45%	55.89%	76.98%	78.78%	78.71%	47.46%	74.80%
Operating Expenses to Revenue	187.54%	117.60%	235.87%	177.60%	244.12%	96.07%	137.72%	144.38%	136.19%	85.34%	133.72%
Earnings before Interest and Taxes (EBIT)	-65	-31	-54	-54	-38	-39	-60	-43	-33	33	-60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-66	-33	-56	-55	-38	-39	-59	-42	-32	35	-59
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.61	4.70	3.80	2.97	3.00	3.33	3.86	4.31	4.59	3.62	2.67
Price to Tangible Book Value (P/TBV)	3.64	4.74	3.84	3.00	3.04	3.37	3.91	4.37	4.66	3.67	2.72
Price to Revenue (P/Rev)	10.19	11.90	10.36	7.01	6.98	6.77	6.26	6.21	5.75	5.15	3.29
Price to Earnings (P/E)	45.99	63.33	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	2.17%	1.58%	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)	18.92	0.00	16.05	239.33	0.00	92.26	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	7.78	9.35	8.14	4.66	4.59	4.79	4.33	4.12	4.01	3.29	1.90
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	0.00	38.47	35.62	0.00	60.52	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	33.38	42.69	0.00	143.03	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.00	0.21	0.00	0.00	0.00	0.27	0.00	0.00	0.00	0.29
Long-Term Debt to Equity	0.20	0.00	0.21	0.00	0.00	0.00	0.27	0.00	0.00	0.00	0.29
Financial Leverage	-0.96	-1.04	-0.95	-1.04	-0.93	-0.99	-0.97	-1.18	-1.18	-1.13	-1.16
Leverage Ratio	1.42	1.50	1.43	1.41	1.44	1.68	1.67	1.69	1.72	1.97	2.00
Compound Leverage Factor	1.42	1.50	1.43	1.41	1.44	1.68	1.67	1.69	1.72	1.97	2.00
Debt to Total Capital	16.67%	0.00%	17.50%	0.00%	0.00%	0.00%	21.02%	0.00%	0.00%	0.00%	22.48%
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	16.67%	0.00%	17.50%	0.00%	0.00%	0.00%	21.02%	0.00%	0.00%	0.00%	22.48%
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	83.33%	100.00%	82.50%	100.00%	100.00%	99.98%	78.98%	100.00%	99.97%	99.97%	77.52%
Debt to EBITDA	-1.11	0.00	-0.64	0.00	0.00	0.00	-0.52	0.00	0.00	0.00	-0.93
Net Debt to EBITDA	4.75	0.00	2.45	0.00	0.00	0.00	2.32	0.00	0.00	0.00	3.63
Long-Term Debt to EBITDA	-1.11	0.00	-0.64	0.00	0.00	0.00	-0.52	0.00	0.00	0.00	-0.93
Debt to NOPAT	-0.68	0.00	-0.73	0.00	0.00	0.00	-0.74	0.00	0.00	0.00	-0.79
Net Debt to NOPAT	2.91	0.00	2.79	0.00	0.00	0.00	3.28	0.00	0.00	0.00	3.08
Long-Term Debt to NOPAT	-0.68	0.00	-0.73	0.00	0.00	0.00	-0.74	0.00	0.00	0.00	-0.79
Altman Z-Score	5.40	6.28	5.12	3.67	3.39	1.95	1.94	2.05	2.08	2.02	0.70
Noncontrolling Interest Sharing Ratio	0.07%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.01%	0.01%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.21	4.25	4.64	4.50	4.11	3.31	3.45	3.30	3.25	2.75	2.74
Quick Ratio	5.03	4.13	4.48	4.31	3.90	3.17	3.30	3.13	3.09	2.64	2.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-165	-51	-186	-90	48	-29	129	121	78	106	-62
Operating Cash Flow to CapEx	-1,015.68%	-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%
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	0.27	0.29	0.24	0.26	0.26	0.26	0.31	0.35	0.39	0.33	0.37
Accounts Receivable Turnover	5.88	2.74	3.56	5.25	5.02	1.21	5.01	5.35	5.03	1.42	5.39
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	11.00	11.53	8.84	8.71	8.15	8.73	9.39	10.03	11.26	11.72	11.75
Accounts Payable Turnover	7.30	5.78	6.79	6.74	6.30	5.49	7.89	11.68	10.52	10.24	9.57
Days Sales Outstanding (DSO)	62.13	133.26	102.43	69.50	72.64	302.89	72.80	68.23	72.60	256.58	67.66
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)	49.98	63.14	53.73	54.17	57.91	66.47	46.24	31.25	34.68	35.64	38.15
Cash Conversion Cycle (CCC)	12.14	70.12	48.70	15.33	14.73	236.43	26.55	36.98	37.92	220.94	29.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	82	-3.45	96	3.91	-14	11	-69	-154	-124	-112	-42
Invested Capital Turnover	10.35	-11.54	7.23	-8.92	5.71	56.59	17.51	-3.17	-3.72	-5.06	-4.59
Increase / (Decrease) in Invested Capital	125	31	139	53	-96	14	-165	-158	-110	-123	28
Enterprise Value (EV)	1,550	2,027	1,534	936	887	995	999	979	1,031	841	483
Market Capitalization	2,032	2,579	1,952	1,406	1,350	1,405	1,442	1,476	1,477	1,317	839
Book Value per Share	$7.84	$7.62	$7.10	$6.52	$6.17	$5.78	$5.11	$4.67	$4.37	$4.94	$4.25
Tangible Book Value per Share	$7.77	$7.55	$7.04	$6.46	$6.11	$5.72	$5.05	$4.61	$4.30	$4.88	$4.18
Total Capital	676	549	623	474	449	422	473	343	321	364	404
Total Debt	113	0.00	109	0.00	0.00	0.00	99	0.00	0.00	0.00	91
Total Long-Term Debt	113	0.00	109	0.00	0.00	0.00	99	0.00	0.00	0.00	91
Net Debt	-482	-552	-418	-470	-464	-411	-443	-497	-445	-476	-355
Capital Expenditures (CapEx)	4.92	2.48	4.10	1.00	1.34	0.87	0.60	0.31	0.49	0.04	2.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-60	-35	-49	-32	-53	76	-107	-104	-74	-72	-112
Debt-free Net Working Capital (DFNWC)	443	434	387	349	345	443	405	358	327	330	294
Net Working Capital (NWC)	443	434	387	349	345	443	405	358	327	330	294
Net Nonoperating Expense (NNE)	23	9.94	7.52	17	-9.76	26	24	6.14	0.63	-49	26
Net Nonoperating Obligations (NNO)	-482	-552	-418	-470	-464	-411	-443	-497	-445	-476	-355
Total Depreciation and Amortization (D&A)	-0.83	-1.45	-1.25	-0.62	0.00	0.43	0.73	0.72	0.79	1.92	0.81
Debt-free, Cash-free Net Working Capital to Revenue	-29.99%	-15.98%	-25.75%	-16.00%	-27.49%	36.52%	-46.24%	-43.73%	-28.95%	-28.22%	-43.94%
Debt-free Net Working Capital to Revenue	222.05%	200.37%	205.42%	174.16%	178.58%	213.57%	175.92%	150.57%	127.11%	129.02%	115.50%
Net Working Capital to Revenue	222.05%	200.37%	205.42%	174.16%	178.58%	213.57%	175.92%	150.57%	127.11%	129.02%	115.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.86)	($0.44)	($0.76)	($0.74)	($0.52)	($0.55)	($0.82)	($0.59)	($0.45)	$0.45	($0.81)
Adjusted Weighted Average Basic Shares Outstanding	71.92M	71.78M	72.29M	72.71M	72.81M	72.67M	73.06M	73.43M	73.61M	73.44M	73.99M
Adjusted Diluted Earnings per Share	($0.86)	($0.41)	($0.76)	($0.74)	($0.52)	($0.55)	($0.82)	($0.59)	($0.45)	$0.45	($0.81)
Adjusted Weighted Average Diluted Shares Outstanding	71.92M	74.99M	72.29M	72.71M	72.81M	72.67M	73.06M	73.43M	73.61M	73.44M	73.99M
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	72.03M	72.31M	72.68M	72.80M	72.86M	73.04M	73.38M	73.61M	73.66M	73.83M	74.72M
Normalized Net Operating Profit after Tax (NOPAT)	-39	-21	-47	-37	-48	-14	-36	-37	-32	-17	-34
Normalized NOPAT Margin	-92.40%	-27.97%	-128.98%	-77.98%	-135.72%	-16.42%	-59.82%	-67.63%	-59.21%	-19.39%	-58.30%
Pre Tax Income Margin	-152.48%	-42.51%	-148.28%	-114.01%	-108.32%	-44.45%	-100.38%	-78.32%	-60.07%	37.80%	-101.76%
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

Here are the key takeaways from Schrodinger, Inc. (SDGR) quarterly statements over the last four years. The bullets focus on revenue, profitability, and cash flow trends. Positive items are shown first, followed by neutral, then negative items.

Q4 2025 net income to common shareholders turned positive: Net income attributable to common shareholders was $32,511,000, supported by $50,130,000 of Other Income / (Expense), net (a non-operating item). EPS (basic and diluted) was $0.45.
Gross margin expanded in Q4 2025: Total gross profit was $57,293,000 on $87,235,000 revenue, a margin of about 65.7%, up from the roughly 51.7% seen in Q3 2025.
Q4 2025 revenue jumped: Operating revenue rose to $87,235,000 in Q4 2025, up from $54,324,000 in Q3 2025.
Cash flow upside from investing activities in Q4 2025: Net cash from investing activities was $71,408,000, driven by a $122,966,000 sale/maturity of investments, contributing to overall liquidity in the quarter.
Q4 2025 earnings per share: Basic and diluted EPS were both $0.45 for the quarter.
R&D remains a major ongoing expense: R&D expense was $41,399,000 in Q4 2025, comprising a large portion of spending despite the revenue rebound (R&D commonly runs high for Schrodinger).
Cash flow from operations exhibits volatility: Net cash from continuing operating activities was negative in several quarters (e.g., -$61,873,000 in Q3 2025, -$52,198,000 in Q2 2025, -$31,113,000 in Q4 2024). Q1 2025 did show a positive CFO of $144,063,000.
Persistent quarterly losses: Multiple quarters show net losses (e.g., Q3 2025 net income -$32,795,000; Q2 2025 -$43,173,000; Q1 2025 -$59,808,000; Q4 2024 -$40,216,000).
Accumulated deficits in retained earnings: Recent retained earnings run negative (e.g., around -$585.3M in Q1 2025 and about -$628.5M by Q3 2025), underscoring a sizable cumulative loss despite quarterly profits in some periods.
Balance sheet leverage and equity dynamics: In recent quarters, total liabilities (~$332M in Q3 2025) versus total assets (~$653M) reflect a substantial cumulative deficit embedded in equity, even as total assets remain supported by cash, investments, and receivables.

05/26/26 07:26 AM ETAI Generated. May Contain Errors.

Schrodinger Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Schrodinger's fiscal year ends in December. Their fiscal 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. Check out Schrodinger's forecast to explore projected trends and price targets.

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 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Schrodinger (SDGR) Financials

Financials Breakdown Chart

Key Financial Trends

Schrodinger Financials - Frequently Asked Questions

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Schrodinger (SDGR) Financials

Annual Income Statements for Schrodinger

Quarterly Income Statements for Schrodinger

Annual Cash Flow Statements for Schrodinger

Quarterly Cash Flow Statements for Schrodinger

Annual Balance Sheets for Schrodinger

Quarterly Balance Sheets for Schrodinger

Annual Metrics And Ratios for Schrodinger

Quarterly Metrics And Ratios for Schrodinger

Financials Breakdown Chart

Key Financial Trends

Schrodinger Financials - Frequently Asked Questions

When does Schrodinger's financial year end?

How has Schrodinger's net income changed over the last 6 years?

What is Schrodinger's operating income?

How has Schrodinger's revenue changed over the last 6 years?

How much debt does Schrodinger have?

How much cash does Schrodinger have?

How has Schrodinger's book value per share changed over the last 6 years?

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