as of 11-13-2026 11:17am EST
Schrodinger Inc is a healthcare-based software company. It offers software solutions designed to support and accelerate the discovery, design, and optimization of molecules. The company operates in two reportable segments: Software and Drug Discovery. The software segment is focused on selling software to transform drug discovery across the life sciences industry, as well as to customers in materials science industries. The drug discovery segment is focused on generating revenue from a diverse portfolio of preclinical and clinical programs, internally and through collaborations, that have various stages of discovery and development. The majority of the company's revenue is derived from the Software segment. Geographically, it derives the maximum revenue from the United States.
| Founded: | 1990 | Country: | United States |
| Employees: | N/A | City: | NEW YORK |
| Market Cap: | 1.8B | IPO Year: | 2020 |
| Target Price: | $33.57 | AVG Volume (30 days): | 1.7M |
| Analyst Decision: | Buy | Number of Analysts: | 7 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | -1.23 | EPS Growth: | 45.14 |
| 52 Week Low/High: | $10.95 - $34.00 | Next Earning Date: | 11-04-2026 |
| Revenue: | $255,869,000 | Revenue Growth: | 23.29% |
| Revenue Growth (this year): | -0.67% | Revenue Growth (next year): | -3.49% |
| P/E Ratio: | -25.00 | Index: | |
| Free Cash Flow: | 12.5M | FCF Growth: | N/A |
See Remarks
Avg Cost/Share
$34.00
Shares
23,605
Total Value
$802,570.00
Owned After
55,897
EVP, CLO & CPO
Avg Cost/Share
$31.79
Shares
32,000
Total Value
$1,051,122.72
Owned After
84,283
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Abel Robert Lorne | SDGR | See Remarks | Nov 11, 2026 | Sell | $34.00 | 23,605 | $802,570.00 | 55,897 | |
| Tran Yvonne | SDGR | EVP, CLO & CPO | Nov 9, 2026 | Sell | $31.79 | 32,000 | $1,051,122.72 | 84,283 |
SEC 8-K filings with transcript text
Nov 4, 2026 · 37% conf.
1D
+2.97%
$29.37
Act: +0.88%
5D
+4.24%
$29.73
20D
+3.97%
$29.65
2 sdgr-20260930x8kxexx991.htm
Document
Exhibit 99.1
Schrödinger Reports Third Quarter 2026 Financial Results
Third Quarter ACV of $45 Million, Representing 17% Growth
Increases Full-Year 2026 ACV and Drug Discovery Revenue Guidance
New York, November 4, 2026 – Schrödinger, Inc. (Nasdaq: SDGR) today announced financial results for the quarter ended September 30, 2026.
“We are very pleased with our third quarter performance, delivering 17% ACV growth, $24 million of drug discovery revenue, and raising our full-year ACV and drug discovery revenue outlook. Our strong performance highlights the power of our industry-leading platform and also our business model in which our software and drug discovery businesses reinforce each other,” said Ramy Farid, Ph.D., chief executive officer of Schrödinger. “Applying our platform to complex drug discovery and materials science challenges gives us direct insight that continuously enhances our computational platform. At the same time, our sustained track record of delivering on high-impact programs gives our partners the confidence to expand their software commitments. The continuous feedback loop is building durable value across our business.”
Third Quarter 2026 Operating and Financial Highlights (comparisons are to third quarter 2025, unless otherwise noted)
•ACV was $44.7 million, a 17% increase, and $214 million on a trailing four-quarter basis.
•ACV excluding contribution increased 24%.
•Software revenue was $38.2 million, a 6% increase.
•Hosted software revenue was $17.2 million, a 49% increase.
•Hosted software revenue was 45% of total software revenue, and 32% on a trailing four-quarter basis.
•Drug discovery revenue was $24.2 million compared to $13.0 million, primarily due to the recognition of a milestone payment from Structure Therapeutics.
•Total revenue was $64.5 million, a 19% increase.
•Software gross margin was 75%, a 2% decrease reflecting the company’s ongoing transition to hosted licenses.
•Operating expenses were $64.4 million, a 13% decrease.
•Other expense, which includes changes in fair value of equity investments and interest income/expense, was $11.4 million, primarily due to changes in the market value of the company’s equity positions.
•Net loss was $37.7 million, compared to a net loss of $32.8 million.
•Cash, cash equivalents, restricted cash and marketable securities were $373 million.
Schrödinger presents contribution revenue and cost of revenue separately from software and drug discovery revenue and cost of revenues. Prior periods have been reclassified to conform to this presentation to facilitate year-over-year comparability.
2026 Financial and Operational Outlook
As of November 4, 2026, Schrödinger provided the following financial guidance for the fiscal year ending December 31, 2026:
•ACV is expected to range from $222 million to $232 million, representing 12-17% growth over 2025, compared to the prior expectation of $218 million to $228 million or 10-15% growth over 2025.
•Drug discovery revenue is expected to range from $75 million to $85 million, compared to the prior expectation of $65 million to $75 million.
•Operating expenses are expected to be less than 2025.
Recent Highlights
Platform
•In October, Schrödinger scientists published research in Nature using machine learning force fields to reveal key atomic-scale insights into the structure of lithium-ion battery electrolytes. This new computational approach to understanding battery electrolytes has the potential to transform battery development from empirical trial-and-error toward predictive design to high-throughput, rational, computationally driven design for higher-capacity, faster-charging, and longer-lasting batteries.
•Schrödinger researchers published research in JACS Au using Absolute Binding Free Energy Perturbation (AB-FEP) to predict how small molecules interact with integrin proteins, which are targets for a broad range of diseases, including autoimmune disorders. This method outperformed traditional techniques by precisely classifying whether a ligand stabilizes integrins in an active or inactive state, a key factor in developing safer, more effective therapeutics.
•Schrödinger scientists published research in The Journal of Physical Chemistry C, describing a computational method to accurately predict the glass transition temperature of organic electronic materials, which is crucial for ensuring the stability and performance of devices like OLED displays. The approach achieved accuracy comparable to experimental methods, enabling rapid screening of new materials early in the design process, which can significantly accelerate the development of next-generation organic electronics.
Therapeutics Portfolio
•In September, Schrödinger announced a licensing and collaboration agreement with Tectora Therapeutics, a new biotechnology company it co-founded with New Enterprise Associates and RA Capital Management, focused on develo
Aug 5, 2026 · 100% conf.
1D
-3.68%
$15.80
Act: +8.60%
5D
-8.84%
$14.95
20D
-3.71%
$15.79
2 sdgr-20260630x8kxexx991.htm
Document
Exhibit 99.1
Schrödinger Reports Second Quarter 2026 Financial Results
Second Quarter ACV of $30 Million, Representing 27% Growth
Launched Early Access Version of Bunsen, A New Agentic AI Co-Scientist for Molecular Discovery
New York, August 5, 2026 – Schrödinger, Inc. (Nasdaq: SDGR) today announced financial results for the quarter ended June 30, 2026.
“We are very pleased with our second quarter results, delivering ACV of $29.6 million, which represents 27% growth. Our results reflect growing industry adoption of a predict-first approach to molecular discovery,” said Ramy Farid, Ph.D., chief executive officer of Schrödinger. “As biopharma navigates a rapidly evolving AI landscape and mounting pressure to optimize and accelerate the discovery of new medicines, the need to generate ground-truth data has never been greater. By integrating our highly accurate, physics-based simulations with AI, and launching our agentic co-scientist Bunsen, we are enabling teams to execute complex workflows on a large scale and building the definitive computational infrastructure for the future of drug discovery.”
Second Quarter 2026 Operating and Financial Highlights (comparisons are to second quarter 2025, unless otherwise noted)
•ACV was $29.6 million, a 27% increase, and $208 million on a trailing four-quarter basis.
•ACV excluding contribution ACV was $22.6 million, a 23% increase, and $196 million on a trailing four-quarter basis.
•Software revenue was $32.5 million, a 10% decrease, primarily reflecting continued progress in the company’s accelerated transition to hosted software licensing. Hosted revenue was 47% of total software revenue, and 30% on a trailing four-quarter basis.
•Drug discovery revenue was $23.0 million compared to $13.9 million, primarily due to the achievement of a $10 million collaboration milestone associated with the Ajax Therapeutics acquisition.
•Contribution revenue was $3.4 million, compared to $4.8 million, primarily due to timing of revenue associated with the Gates Foundation predictive toxicology and Gates Ventures battery project grants.
•Total revenue was $58.9 million, an 8% increase.
•Software gross margin was 71%, reflecting the company’s planned accelerated transition to hosted software licensing.
•Operating expenses were $74.0 million, a 6% decrease.
•Other income, which includes changes in fair value of equity investments and interest income/expense, was $48.9 million primarily due to a gain associated with the completion of Eli Lilly and Company’s acquisition of Ajax Therapeutics.
•Net income was $6.0 million, compared to a net loss of $43.2 million.
•Cash, cash equivalents, restricted cash and marketable securities were $418.8 million.
Schrödinger presents contribution revenue and cost of revenue separately from software and drug discovery revenue and cost of revenues. Prior periods have been reclassified to conform to this presentation to facilitate year-over-year comparability.
2026 Financial and Operational Outlook
As of August 5, 2026, Schrödinger provided the following financial guidance for the fiscal year ending December 31, 2026:
•ACV is expected to range from $218 million to $228 million, representing 10-15% growth over 2025.
•Drug discovery revenue is expected to range from $65 million to $75 million, compared to the prior expectation of $55 million to $65 million, due to the achievement of a $10 million collaboration milestone associated with the Ajax acquisition.
•Operating expenses are expected to be less than 2025.
For the third quarter of 2026, ACV is expected to range from $41 million to $45 million, excluding contribution ACV, compared to $38.3 million in the third quarter of 2025, which included $2.2 million of contribution ACV.
Recent Highlights
•Schrödinger launched the early access version of Bunsen, its new agentic AI co-scientist. Unlike general-purpose agents, Bunsen is optimized to execute Schrödinger's validated, physics-based computational platform to plan and execute complex molecular discovery workflows and interpret results. Bunsen helps computational chemists run concurrent research sessions and accomplish more across multiple programs. Bunsen also makes advanced computational methods accessible to drug hunters who are not experienced computational chemists, further expanding the user base for the company’s computational platform. To accommodate the expected increase in throughput enabled by Bunsen and support early adoption, long-time collaborators NVIDIA and Google Cloud will provide a full stack AI platform, infrastructure, and access to the NVIDIA BioNeMo Agent Toolkit for early customers.
•Schrödinger announced a strategic software agreement with Bristol Myers Squibb (BMS) to deploy Bunsen, significantly expanding the scale of Schrödinger’s platform within BMS’s research organization and empowering scientists to explore more scientific possibilities, prioritize
May 5, 2026 · 100% conf.
1D
-4.33%
$12.23
Act: +1.56%
5D
-9.86%
$11.52
Act: -0.70%
20D
-6.28%
$11.98
Act: +16.82%
2 sdgr-20260331x8kxexx991.htm
Document
Exhibit 99.1
Schrödinger Reports First Quarter 2026 Financial Results
First Quarter ACV of $28 Million, Representing 12% Growth
Continued Momentum in Transition to Hosted Software Licensing
Schrödinger to Launch Bunsen, an Agentic AI Co-Scientist, This Summer
Lilly’s Announced $2.3 Billion Acquisition of Ajax Validates Schrödinger’s Track Record of High-Value Collaborations
New York, May 5, 2026 – Schrödinger, Inc. (Nasdaq: SDGR) today announced financial results for the quarter ended March 31, 2026.
“Our first quarter results show strong growth in both ACV and drug discovery revenue. ACV growth of 12 percent was driven by usage scale-ups and new deployments; we are also pleased with our progress transitioning customers to hosted licensing. The biopharmaceutical funding environment is improving, and the depth of customer engagement reflects the critical importance of our computational platform that integrates ground truth simulation with leading edge AI. We have a strong commitment to technology leadership and are excited about the release this summer of Bunsen, an agentic AI co-scientist designed to autonomously execute complex molecular discovery workflows and expand utilization to a broader user base,” said Ramy Farid, Ph.D., chief executive officer of Schrödinger. “We also continue to see the impact of our platform through the success of our co-founded companies. Lilly’s announced acquisition of Ajax Therapeutics, in which we have an approximately six percent equity stake, marks another multi-billion dollar acquisition of a Schrödinger co-discovered molecule. This milestone reinforces the strength of our platform, team and integrated business model.”
First Quarter 2026 Operating and Financial Highlights (comparisons are to first quarter 2025, unless otherwise noted)
•ACV was $28.4 million, a 12% increase, and $201 million on a trailing four-quarter basis.
•Software revenue was $35.6 million, a 21% decrease, reflecting the company’s planned accelerated transition to hosted software licensing.
•Drug discovery revenue was $22.9 million compared to $10.2 million, due to the accelerated recognition of deferred revenue associated with the continued progress of the company’s collaboration portfolio and the discontinuation of one collaboration program.
•Contribution revenue was $0.1 million, compared to $4.3 million, primarily due to completion of the predictive toxicology grant.
•Total revenue was $58.6 million, a 2% decrease.
•Software gross margin was 69%, reflecting the company’s planned accelerated transition to hosted software licensing.
•Operating expenses were $78.3 million, a 4% decrease.
•Other expenses, which include changes in fair value of equity investments and interest income/expense, were $10.8 million.
•Net loss was $60.0 million, compared to $59.8 million.
•Cash, cash equivalents, restricted cash and marketable securities were $406 million at the end of the first quarter of 2026.
Schrödinger now presents contribution revenue and cost of revenue separately from software and drug discovery revenue and cost of revenues. Prior periods have been reclassified to conform to this presentation to facilitate year-over-year comparability.
2026 Financial and Operational Outlook
As of May 5, 2026, Schrödinger maintained its previously issued financial guidance for the fiscal year ending December 31, 2026:
•ACV is expected to range from $218 million to $228 million, representing 10-15% growth over 2025.
•Drug discovery revenue is expected to range from $55 million to $65 million.
•Operating expenses are expected to be less than 2025.
For the second quarter of 2026, ACV is expected to range from $19 million to $23 million, exclusive of contribution ACV, compared to $23.3 million in the second quarter of 2025, which included $5.0 million of contribution ACV.
Recent Highlights
Platform
•Today Schrödinger announced plans for release of an early-access version of Bunsen, its new agentic AI co-scientist, this summer. Bunsen autonomously executes complex molecular discovery workflows, expanding the user base and enhancing productivity across Schrödinger’s industry-leading computational platform. Bunsen allows for greater throughput and utilization of Schrödinger’s predict-first approaches, accelerating discovery timelines and improving project outcomes. Schrödinger’s materials science and therapeutics teams have been using Bunsen internally to enhance productivity across research projects.
•In April, researchers at Schrödinger and Bristol Myers Squibb published the discovery of a series of potent sterile alpha and TIR motif containing 1 (SARM1) inhibitors as a potential treatment for neurodegenerative diseases. The inhibitors were identified through a unique workflow for free-energy perturbation (FEP+). This computational approach identified molecules with unique binding properties while establishing precise dose levels to optimi
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