The story
Founded by Richard A. Friesner and William Andrew Goddard III in 1990.1
SDGR on Nasdaq
Logo: schrodinger.com4
American life sciences company
Schrödinger, Inc. is an international scientific software and biotechnology company that specializes in developing computational tools and software for drug discovery and materials science.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 16, 2026.
Compare with Arvinas (United States), LIGAND PHARMACEUTICALS INC or Keros Therapeutics, Inc., or pick any stock.
See how the biggest companies compare on our leaderboards
Schrödinger, Inc. is an international scientific software and biotechnology company that specializes in developing computational tools and software for drug discovery and materials science.3
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue by product, business segment and region, as the company reports it to the SEC.
Software Products And Services brought in 59% of the revenue Schrödinger broke down this way in fiscal 2025.
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Software Products And Services | $159.1M | $180.4M | $199.5M |
| Drug Discovery | $57.5M | $27.2M | $56.4M |
| Hosted Software | $20.4M | $35.3M | $45.1M |
| Maintenance | $23.1M | $23.3M | $27.3M |
| Professional Services | $9.4M | $9.8M | $9.6M |
Software brought in 78% of the revenue Schrödinger broke down this way in fiscal 2025.
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Software | $159.1M | $180.4M | $199.5M |
| Drug Discovery | $57.5M | $27.2M | $56.4M |
United States brought in 60% of the revenue Schrödinger broke down this way in fiscal 2025.
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $162.0M | $114.9M | $153.0M |
| EMEA | $29.1M | $65.7M | $75.2M |
| APAC | $24.6M | $25.8M | $26.2M |
| Rest of the world | $1.0M | $1.2M | $1.6M |
Out of $255.9M in revenue.5 The company lost money this year.
Out of $13.9M of cash from operations.5
Every line of the income statement in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenues | $255.9M | $207.5M | $216.7M |
| Total cost of revenues | $113.3M | $75.5M | $76.0M |
| Gross profit | $142.6M | $132.1M | $140.7M |
| Research and development | $173.1M | $201.8M | $181.8M |
| Sales and marketing | $41.0M | $39.9M | $37.2M |
| General and administrative | $95.4M | $99.7M | $99.1M |
| Total operating expenses | $309.5M | $341.4M | $318.1M |
| Loss from operations | -$166.9M | -$209.3M | -$177.4M |
| Gain on equity investments | $0 | $0 | $147.2M |
| Change in fair value of equity investments | $48.2M | $5.7M | $53.5M |
| Other income | $16.4M | $17.9M | $19.7M |
| Total other income | $64.6M | $23.6M | $220.4M |
| (Loss) income before income taxes | -$102.3M | -$185.7M | $42.9M |
| Income tax expense | $939.0K | $1.4M | $2.2M |
| Net (loss) income | -$103.3M | -$187.1M | $40.7M |
| Net (loss) income per share attributable to common and limited common stockholders, basic (in USD per share) | -$1.41 | -$2.57 | $0.57 |
| Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, basic (in shares) | 73.4M shares | 72.7M shares | 71.8M shares |
| Net (loss) income per share of common and limited common stockholders, diluted (in USD per share) | -$1.41 | -$2.57 | $0.54 |
| Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, diluted (in shares) | 73.4M shares | 72.7M shares | 75.0M shares |
Every line of the balance sheet in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $230.5M | $147.3M | |
| Restricted cash | $6.9M | $15.3M | |
| Marketable securities | $164.9M | $204.8M | |
| Accounts receivable, net of allowance for doubtful accounts of $440 and $210 | $83.0M | $235.7M | |
| Unbilled and other receivables, net of allowance for unbilled receivables of $140 and $100 | $21.4M | $19.6M | |
| Prepaid expenses | $12.5M | $12.2M | |
| Total current assets | $519.3M | $635.0M | |
| Property and equipment, net | $19.5M | $24.2M | |
| Equity investments | $73.6M | $43.2M | |
| Goodwill | $4.8M | $4.8M | |
| Right of use assets - operating leases | $102.7M | $111.9M | |
| Other assets | $6.3M | $4.2M | |
| Total assets | $726.2M | $823.2M | |
| Accounts payable | $11.5M | $10.7M | |
| Accrued payroll, taxes, and benefits | $39.3M | $42.1M | |
| Deferred revenue | $112.9M | $111.9M | |
| Lease liabilities - operating leases | $16.4M | $16.8M | |
| Other accrued liabilities | $9.2M | $10.3M | |
| Total current liabilities | $189.1M | $191.7M | |
| Deferred revenue, long-term | $78.9M | $108.8M | |
| Lease liabilities - operating leases, long-term | $92.8M | $101.1M | |
| Other liabilities, long-term | $1.3M | $146.0K | |
| Total liabilities | $362.1M | $401.8M | |
| Preferred stock, $0.01 par value. Authorized 10,000,000 shares; zero shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $0 | $0 | |
| Additional paid-in capital | $992.0M | $946.0M | |
| Accumulated deficit | -$628.8M | -$525.5M | |
| Accumulated other comprehensive income | $107.0K | $220.0K | |
| Total stockholders' equity | $364.1M | $421.4M | $548.6M |
| Total liabilities and stockholders' equity | $726.2M | $823.2M | |
| Allowance for doubtful accounts receivable | $440.0K | $210.0K | |
| Allowance for unbilled receivable | $140.0K | $100.0K | |
| Preferred stock, par value (in USD per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$103.3M | -$187.1M | $40.7M |
| Gain on equity investments | $0 | $0 | -$147.2M |
| Changes in fair value of equity investments | -$48.2M | -$5.7M | -$53.5M |
| Depreciation and amortization | $6.0M | $6.2M | $5.6M |
| Stock-based compensation | $43.0M | $49.9M | $47.8M |
| Noncash investment accretion | -$1.9M | -$7.6M | -$7.8M |
| Loss on disposal of property and equipment | $20.0K | $8.0K | $142.0K |
| Accounts receivable, net | $152.7M | -$169.7M | -$10.0M |
| Unbilled and other receivables | -$1.7M | $3.5M | -$10.0M |
| Reduction in the carrying amount of right of use assets - operating leases | $9.1M | $8.9M | $7.8M |
| Prepaid expenses and other assets | -$2.4M | -$3.5M | -$8.5M |
| Accounts payable | $908.0K | -$6.1M | $7.3M |
| Accrued payroll, taxes, and benefits | -$2.8M | $10.3M | $6.9M |
| Deferred revenue | -$29.0M | $155.5M | -$18.3M |
| Lease liabilities - operating leases | -$8.6M | -$10.1M | -$3.7M |
| Other accrued liabilities | $91.0K | -$1.9M | $5.9M |
| Net cash provided by (used in) operating activities | $13.9M | -$157.4M | -$136.7M |
| Purchases of property and equipment | -$1.4M | -$7.3M | -$13.4M |
| Purchases of equity investments | $0 | -$3.1M | -$4.1M |
| Distribution from equity investment | $0 | $0 | $147.2M |
| Proceeds from sale and disposition of equity investments | $17.7M | $48.8M | $0 |
| Purchases of marketable securities | -$313.0M | -$251.3M | -$320.6M |
| Proceeds from maturity of marketable securities | $354.6M | $361.8M | $384.0M |
| Net cash provided by investing activities | $57.9M | $148.8M | $193.0M |
| Proceeds from issuances of common stock upon stock option exercises | $3.0M | $1.5M | $9.4M |
| Proceeds from issuance of common stock in ATM offering | $0 | $8.9M | $0 |
| Payment of offering costs | $0 | -$177.0K | -$373.0K |
| Principal payments on finance leases | -$58.0K | -$58.0K | -$19.0K |
| Net cash provided by financing activities | $2.9M | $10.1M | $9.0M |
| Net increase in cash and cash equivalents and restricted cash | $74.7M | $1.6M | $65.3M |
| Purchases of property and equipment in accounts payable | $40.0K | $162.0K | $192.0K |
| Purchases of property and equipment in accrued liabilities | $81.0K | $157.0K | $457.0K |
| Acquisition of right of use assets - operating leases, contingency resolution | $0 | $2.8M | $514.0K |
| Acquisition of right of use assets in exchange for lease liabilities - operating leases | $0 | $0 | $15.1M |
| Acquisition of right of use assets in exchange for lease liabilities - finance leases | $0 | $0 | $279.0K |
Founded by Richard A. Friesner and William Andrew Goddard III in 1990.1
Who has led Schrödinger, and when. Pick a name to see everywhere that person has worked.
Schrödinger's computational platforms evaluate compounds in silico, with experimental accuracy on properties such as binding affinity and solubility. The company's products include molecular modeling programs in life science, and Materials Science, and an Enterprise Informatics Platform named LiveDesign, which is intended to facilitate communication among interdisciplinary research teams.
Structure Prediction & Target Enablement
Hit Discovery
Hit-to-Lead & Lead Optimization
Drug Formulation
Antibody Design
Peptide Discovery
Enzyme Engineering
Organic Electronics
Polymeric Materials
Consumer Packaged Goods
Catalysis & Reactivity
Thin Film Processing Energy Capture & Storage
Pharmaceutical Formulations & Delivery
Metals, Alloys & Ceramics
In addition to computational platforms, Schrödinger develops custom software for enterprises, as well as training, computer-cluster design and implementation, and research-based drug discovery projects.
Schrödinger software licenses are available to academic institutions for education and not-for-profit research.
From Wikipedia’s article on Schrödinger, Inc., shared under CC BY-SA 4.0.7
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
The numbers on this page point here. Each one links to the record it came from.