NASDAQ : SDGR
Schrödinger, Inc. — Financial statements
Healthcare · Health Information Services · United States
Last price 27.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.03B
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Financial statements
Schrödinger, Inc. (SDGR) reported revenue of 259.04M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 259.04M | 255.87M | 207.54M | 216.67M | 180.96M | 137.93M |
| Cost of Revenue | 111.72M | 113.25M | 75.46M | 75.97M | 79.93M | 72.31M |
| Gross Profit | 147.31M | 142.61M | 132.08M | 140.69M | 101.02M | 65.62M |
| Selling, General & Admin | 131.78M | 136.37M | 139.59M | 136.37M | 121.47M | 86.16M |
| Research & Development | 168.98M | 173.14M | 201.78M | 181.77M | 126.37M | 90.90M |
| Operating Expenses | 300.76M | 309.51M | 341.38M | 318.14M | 247.84M | 177.06M |
| Operating Income | -153.44M | -166.90M | -209.30M | -177.45M | -146.82M | -111.44M |
| Earnings From Equity Investments | 147.21M | 11.82M | -1.78M | |||
| Other Non Operating Income (Expenses) | 12.44M | 16.40M | 17.90M | 19.69M | 3.95M | 1.06M |
| EBT Excluding Unusual Items | -141.00M | -150.50M | -191.39M | -10.54M | -131.04M | -112.17M |
| Gain (Loss) on Sale of Investments | 89.07M | 48.17M | 5.68M | 53.46M | -18.08M | 11.36M |
| Pretax Income | -51.93M | -102.33M | -185.71M | 42.92M | -149.12M | -100.81M |
| Income Tax Expense | 2.40M | 939.00K | 1.41M | 2.20M | 63.00K | 411.00K |
| Earnings From Continuing Operations | -54.34M | -103.27M | -187.12M | 40.72M | -149.19M | -101.22M |
| Minority Interest in Earnings | 826.00K | |||||
| Net Income | -54.34M | -103.27M | -187.12M | 40.72M | -149.19M | -100.39M |
| Net Income to Common | -54.34M | -103.27M | -187.12M | 40.72M | -149.19M | -100.39M |
| Shares Outstanding (Basic) | 74.00M | 73.44M | 72.67M | 71.78M | 71.17M | 70.59M |
| Shares Outstanding (Diluted) | 74.00M | 73.44M | 72.67M | 74.99M | 71.17M | 70.59M |
| EPS (Basic) | -0.73 | -1.41 | -2.57 | 0.57 | -2.10 | -1.42 |
| EPS (Diluted) | -0.74 | -1.41 | -2.57 | 0.54 | -2.10 | -1.42 |
| Free Cash Flow | -130.27M | 12.46M | -164.68M | -150.14M | -127.70M | -77.84M |
| Free Cash Flow Per Share | -1.76 | 0.17 | -2.27 | -2.00 | -1.79 | -1.10 |
| Gross Margin | 56.87% | 55.74% | 63.64% | 64.94% | 55.83% | 47.58% |
| Operating Margin | -59.24% | -65.23% | -100.85% | -81.90% | -81.14% | -80.80% |
| Profit Margin | -20.98% | -40.36% | -90.16% | 18.79% | -82.44% | -72.78% |
| Free Cash Flow Margin | -50.29% | 4.87% | -79.35% | -69.29% | -70.57% | -56.43% |
| EBITDA | -147.58M | -160.87M | -203.14M | -171.90M | -142.47M | -108.60M |
| EBITDA Margin | -56.97% | -62.87% | -97.88% | -79.34% | -78.73% | -78.73% |
| D&A For EBITDA | 5.87M | 6.02M | 6.16M | 5.55M | 4.34M | 2.85M |
| EBIT | -153.44M | -166.90M | -209.30M | -177.45M | -146.82M | -111.44M |
| EBIT Margin | -59.24% | -65.23% | -100.85% | -81.90% | -81.13% | -80.80% |
| Effective Tax Rate | 5.12% | |||||
| Revenue as Reported | 259.04M | 255.87M | 207.54M | 216.67M | 180.96M | 137.93M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 287.85M | 230.52M | 147.33M | 155.31M | 90.47M | 120.27M |
| Short-Term Investments | 125.89M | 164.95M | 204.80M | 307.69M | 360.61M | 456.21M |
| Cash & Short-Term Investments | 413.74M | 395.46M | 352.12M | 463.00M | 451.09M | 576.48M |
| Accounts Receivable | 40.91M | 102.88M | 252.26M | 87.10M | 67.33M | 40.02M |
| Other Receivables | 219.00K | 1.51M | 3.08M | 2.02M | 1.76M | 536.00K |
| Receivables | 41.12M | 104.39M | 255.33M | 89.12M | 69.09M | 40.55M |
| Prepaid Expenses | 10.55M | 12.54M | 12.21M | 9.93M | 8.57M | 5.03M |
| Restricted Cash | 5.06M | 6.87M | 15.33M | 5.75M | 5.24M | 3.00M |
| Total Current Assets | 470.48M | 519.26M | 634.99M | 567.80M | 533.99M | 625.06M |
| Property, Plant & Equipment | 120.37M | 122.19M | 136.08M | 141.10M | 120.23M | 85.41M |
| Long-Term Investments | 39.05M | 73.65M | 43.21M | 83.25M | 25.68M | 43.17M |
| Goodwill | 4.79M | 4.79M | 4.79M | 4.79M | 4.79M | |
| Other Intangible Assets | 587.00K | |||||
| Other Long-Term Assets | 5.71M | 6.26M | 4.16M | 6.01M | 3.31M | 2.85M |
| Total Assets | 640.39M | 726.16M | 823.23M | 802.96M | 688.59M | 756.49M |
| Accounts Payable | 10.32M | 11.45M | 10.67M | 16.82M | 9.47M | 8.08M |
| Accrued Expenses | 42.25M | 48.34M | 52.38M | 43.76M | 30.39M | 25.72M |
| Current Portion of Leases | 16.50M | 16.50M | 16.75M | 16.87M | 11.01M | 2.04M |
| Current Unearned Revenue | 104.77M | 112.85M | 111.94M | 56.23M | 57.93M | 55.37M |
| Total Current Liabilities | 173.84M | 189.14M | 191.75M | 133.67M | 108.80M | 91.21M |
| Long-Term Leases | 91.50M | 92.82M | 101.07M | 111.01M | 105.48M | 77.83M |
| Long-Term Unearned Revenue | 45.15M | 78.88M | 108.81M | 9.04M | 25.60M | 30.06M |
| Other Long-Term Liabilities | 939.00K | 1.28M | 146.00K | 667.00K | 800.00K | 300.00K |
| Total Liabilities | 311.44M | 362.11M | 401.78M | 254.40M | 240.68M | 199.40M |
| Common Stock | 748.00K | 737.00K | 729.00K | 722.00K | 714.00K | 710.00K |
| Additional Paid-In Capital | 1.01B | 992.01M | 946.04M | 885.97M | 828.70M | 786.96M |
| Retained Earnings | -682.86M | -628.81M | -525.54M | -338.42M | -379.14M | -229.95M |
| Comprehensive Income & Other | -54.00K | 107.00K | 220.00K | 281.00K | -2.38M | -651.00K |
| Total Common Equity | 328.96M | 364.05M | 421.44M | 548.56M | 447.89M | 557.07M |
| Minority Interest | 11.00K | 14.00K | ||||
| Shareholders' Equity | 328.96M | 364.05M | 421.44M | 548.56M | 447.90M | 557.09M |
| Total Liabilities & Equity | 640.39M | 726.16M | 823.23M | 802.96M | 688.59M | 756.49M |
| Total Debt | 108.00M | 109.31M | 117.83M | 127.88M | 116.49M | 79.87M |
| Net Cash (Debt) | 305.74M | 286.15M | 234.29M | 335.12M | 334.60M | 496.61M |
| Net Cash Per Share | 4.13 | 3.90 | 3.22 | 4.47 | 4.70 | 7.03 |
| Filing Date Shares Outstanding | 74.81M | 73.83M | 73.04M | 72.31M | 71.49M | 71.04M |
| Total Common Shares Outstanding | 72.87M | 73.68M | 72.87M | 72.14M | 71.33M | 71.00M |
| Working Capital | 296.63M | 330.13M | 443.25M | 434.12M | 425.19M | 533.85M |
| Book Value Per Share | 4.51 | 4.94 | 5.78 | 7.60 | 6.28 | 7.85 |
| Tangible Book Value | 324.17M | 359.26M | 416.65M | 543.77M | 442.52M | 557.07M |
| Tangible Book Value Per Share | 4.45 | 4.88 | 5.72 | 7.54 | 6.20 | 7.85 |
| Machinery | 40.23M | 40.78M | 37.11M | 26.13M | 20.10M | |
| Leasehold Improvements | 3.65M | 3.69M | 3.79M | 2.23M | 2.28M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -54.34M | -103.27M | -187.12M | 40.72M | -149.19M | -100.39M |
| Depreciation & Amortization | 5.87M | 6.02M | 6.16M | 5.55M | 4.34M | 2.85M |
| Loss (Gain) From Sale of Assets | -1.00K | 20.00K | 8.00K | 142.00K | 19.00K | 140.00K |
| Asset Writedown & Restructuring Costs | 811.00K | |||||
| Loss (Gain) From Sale of Investments | -89.47M | -50.04M | -13.28M | -208.44M | 6.89M | -4.31M |
| Loss (Gain) on Equity Investments | -107.00K | |||||
| Stock-Based Compensation | 38.66M | 43.00M | 49.90M | 47.84M | 39.63M | 26.49M |
| Other Operating Activities | -826.00K | |||||
| Change in Accounts Receivable | -4.34M | 150.94M | -166.22M | -20.03M | -27.95M | -5.51M |
| Change in Accounts Payable | 1.53M | 908.00K | -6.12M | 7.32M | 1.18M | -411.00K |
| Change in Unearned Revenue | -36.61M | -29.03M | 155.48M | -18.26M | -1.90M | -1.03M |
| Change in Other Net Operating Assets | 11.84M | -4.65M | 3.81M | 8.41M | 7.30M | 11.62M |
| Operating Cash Flow | -126.87M | 13.90M | -157.37M | -136.73M | -119.68M | -70.67M |
| Capital Expenditures | -3.40M | -1.44M | -7.31M | -13.40M | -8.01M | -7.17M |
| Cash Acquisitions | -6.43M | |||||
| Investment in Securities | 189.48M | 59.34M | 156.15M | 59.22M | 92.64M | -10.02M |
| Other Investing Activities | 147.21M | 11.82M | 375.00K | |||
| Investing Cash Flow | 186.08M | 57.90M | 148.84M | 193.03M | 90.02M | -16.81M |
| Long-Term Debt Repaid | -58.00K | -58.00K | -19.00K | |||
| Net Debt Issued (Repaid) | -58.00K | -58.00K | -58.00K | -19.00K | ||
| Issuance of Common Stock | 1.78M | 2.99M | 10.36M | 9.44M | 2.11M | 7.93M |
| Other Financing Activities | -177.00K | -373.00K | 25.00K | |||
| Financing Cash Flow | 1.72M | 2.93M | 10.12M | 9.05M | 2.11M | 7.95M |
| Net Cash Flow | 60.94M | 74.73M | 1.59M | 65.35M | -27.55M | -79.53M |
| Free Cash Flow | -130.27M | 12.46M | -164.68M | -150.14M | -127.70M | -77.84M |
| Free Cash Flow Margin | -50.29% | 4.87% | -79.35% | -69.29% | -70.57% | -56.43% |
| Free Cash Flow Per Share | -1.76 | 0.17 | -2.27 | -2.00 | -1.79 | -1.10 |
| Levered Free Cash Flow | -29.16M | 99.98M | -201.95M | -73.79M | -81.50M | -35.27M |
| Unlevered Free Cash Flow | -29.16M | 99.98M | -201.95M | -73.79M | -81.50M | -35.27M |
| Cash Income Tax Paid | 394.00K | -6.00K | 1.08M | 2.83M | 787.00K | 448.00K |
| Change in Working Capital | -27.59M | 118.17M | -13.04M | -22.55M | -21.38M | 4.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.96B | 1.32B | 1.41B | 2.58B | 1.33B | 2.47B |
| Enterprise Value | 1.65B | 1.04B | 1.14B | 2.21B | 953.73M | 1.95B |
| Last Close Price | 27.14 | 17.88 | 19.29 | 35.80 | 18.69 | 34.83 |
| PE Ratio | 63.33 | |||||
| PS Ratio | 7.69 | 5.15 | 6.77 | 11.90 | 7.36 | 17.90 |
| PB Ratio | 6.01 | 3.62 | 3.33 | 4.70 | 2.97 | 4.43 |
| P/TBV Ratio | 6.15 | 3.67 | 3.37 | 4.74 | 3.01 | 4.43 |
| P/FCF Ratio | 105.73 | |||||
| P/OCF Ratio | 94.76 | |||||
| PEG Ratio | 11.91 | 11.91 | 11.91 | 11.91 | 11.91 | |
| EV/Sales Ratio | 6.51 | 4.05 | 5.48 | 10.21 | 5.27 | 14.15 |
| EV/FCF Ratio | 83.28 | |||||
| Debt / Equity Ratio | 0.33 | 0.30 | 0.28 | 0.23 | 0.26 | 0.14 |
| Debt / FCF Ratio | 8.78 | |||||
| Net Debt / Equity Ratio | -0.93 | -0.79 | -0.56 | -0.61 | -0.75 | -0.89 |
| Net Debt / EBITDA Ratio | 2.07 | 1.78 | 1.15 | 1.95 | 2.35 | 4.57 |
| Net Debt / FCF Ratio | 2.35 | -22.97 | 1.42 | 2.23 | 2.62 | 6.38 |
| Asset Turnover | 0.39 | 0.33 | 0.26 | 0.29 | 0.25 | 0.18 |
| Quick Ratio | 2.62 | 2.64 | 3.17 | 4.13 | 4.78 | 6.76 |
| Current Ratio | 2.71 | 2.75 | 3.31 | 4.25 | 4.91 | 6.85 |
| Return on Equity (ROE) | -16.18% | -26.29% | -38.58% | 8.17% | -29.69% | -17.14% |
| Return on Assets (ROA) | -14.44% | -13.46% | -16.09% | -14.87% | -12.70% | -9.27% |
| Return on Invested Capital (ROIC) | -684.76% | -125.94% | -104.50% | -103.05% | -168.97% | -184.28% |
| Return on Capital Employed (ROCE) | -32.90% | -31.10% | -33.10% | -26.50% | -25.30% | -16.80% |
| Earnings Yield | -2.82% | -7.84% | -13.31% | 1.58% | -11.21% | -4.07% |
| FCF Yield | -6.54% | 0.95% | -11.72% | -5.82% | -9.59% | -3.15% |
| Buyback Yield / Dilution | -1.31% | -1.06% | 3.09% | -5.36% | -0.82% | -17.61% |