Schrödinger, Inc. (SDGR) Income Statement
SDGR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSDGR revenue and net income
Where SDGR's revenue goes
2025Each bar shows an amount and its share of revenue. SDGR kept −40.4% of revenue as net income.
SDGR profit margins
SDGR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +23.3% | +12.2% | +18.8% | — |
| Gross profit | +8.0% | +12.2% | +17.6% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SDGR quarterly EPS vs estimates
Schrödinger beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.65).
SDGR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.9M | $207.5M | $216.7M | $181.0M | $137.9M | $108.1M | $85.5M | $66.6M | $55.7M |
| Cost of revenue | $113.3M | $75.5M | $76.0M | $79.9M | $72.3M | $44.6M | $36.5M | $23.7M | $15.9M |
| Gross profit | $142.6M | $132.1M | $140.7M | $101.0M | $65.6M | $63.5M | $49.1M | $42.9M | $39.8M |
| Research & development | $173.1M | $201.8M | $181.8M | $126.4M | $90.9M | $64.7M | $39.4M | $34.5M | $27.7M |
| Sales, general & admin | $136.4M | $139.6M | $136.4M | $121.5M | $86.2M | $59.7M | $48.4M | $36.4M | $31.2M |
| Total operating expenses | $309.5M | $341.4M | $318.1M | $247.8M | $177.1M | $124.4M | $87.8M | $70.9M | $58.8M |
| Operating income | −$166.9M | −$209.3M | −$177.4M | −$146.8M | −$111.4M | −$60.9M | −$38.7M | −$28.0M | −$19.0M |
| Interest income | — | — | — | — | $1.1M | $2.3M | $1.9M | $433,000 | $359,000 |
| Interest expense | — | — | — | $3,000 | $22.8M | $65.1M | $23.8M | $0 | $0 |
| Income before taxes | −$102.3M | −$185.7M | $42.9M | −$149.1M | −$100.8M | −$26.3M | −$26.0M | −$28.3M | −$17.1M |
| Income taxes | $939,000 | $1.4M | $2.2M | $63,000 | $411,000 | $345,000 | −$291,000 | $77,000 | $332,000 |
| Net income | −$103.3M | −$187.1M | $40.7M | −$149.2M | −$100.4M | −$24.5M | −$24.6M | −$28.4M | −$17.4M |
| EBITDA | −$96.3M | −$179.6M | $48.5M | −$144.8M | −$98.0M | −$57.3M | −$35.1M | −$25.1M | −$17.3M |
| EPS (diluted) | −$1.92 | −$2.61 | −$1.94 | −$1.32 | −$1.40 | −$0.87 | −$1.12 | −$0.59 | — |
| Gross margin | 55.7% | 63.6% | 64.9% | 55.8% | 47.6% | 58.7% | 57.4% | 64.4% | 71.5% |
| Operating margin | −65.2% | −100.8% | −81.9% | −81.1% | −80.8% | −56.4% | −45.3% | −42.0% | −34.2% |
| Net margin | −40.4% | −90.2% | 18.8% | −82.4% | −72.8% | −22.6% | −28.7% | −42.7% | −31.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.9M | $58.6M | $87.2M | $54.3M | $54.8M | $59.6M | $88.3M | $35.3M | $47.3M | $36.6M | $74.1M | $42.6M |
| Cost of revenue | $26.5M | $29.0M | $29.9M | $26.3M | $28.6M | $28.4M | $24.2M | $17.6M | $16.0M | $17.7M | $16.6M | $18.9M |
| Gross profit | $32.4M | $29.5M | $57.3M | $28.0M | $26.2M | $31.1M | $64.1M | $17.7M | $31.3M | $18.9M | $57.5M | $23.6M |
| Research & development | $41.0M | $43.8M | $41.4M | $42.8M | $43.1M | $45.8M | $49.4M | $51.0M | $50.8M | $50.6M | $51.5M | $46.8M |
| Sales, general & admin | $33.0M | $34.5M | $33.1M | $31.2M | $35.9M | $36.2M | $35.5M | $35.2M | $33.2M | $35.7M | $35.7M | $33.0M |
| Total operating expenses | $74.0M | $78.3M | $74.5M | $74.0M | $79.1M | $82.0M | $84.8M | $86.2M | $84.1M | $86.3M | $87.2M | $79.8M |
| Operating income | −$41.5M | −$48.8M | −$17.2M | −$45.9M | −$52.9M | −$50.9M | −$20.7M | −$68.4M | −$52.7M | −$67.4M | −$29.6M | −$56.2M |
| Income before taxes | $7.3M | −$59.6M | $33.0M | −$32.6M | −$42.9M | −$59.8M | −$39.3M | −$38.2M | −$54.0M | −$54.3M | −$31.5M | −$64.9M |
| Income taxes | $1.4M | $408,000 | $462,000 | $162,000 | $287,000 | $28,000 | $963,000 | −$90,000 | $83,000 | $456,000 | −$842,000 | −$2.9M |
| Net income | $6.0M | −$60.0M | $32.5M | −$32.8M | −$43.2M | −$59.8M | −$40.2M | −$38.1M | −$54.0M | −$54.7M | −$30.7M | −$62.0M |
| EBITDA | $8.8M | −$58.1M | $34.4M | −$31.2M | −$41.4M | −$58.2M | −$37.5M | −$36.7M | −$52.6M | −$52.8M | −$30.2M | −$63.6M |
| EPS (diluted) | $0.08 | −$0.62 | −$0.18 | −$0.45 | −$0.65 | −$0.64 | −$0.24 | −$0.87 | −$0.74 | −$0.76 | −$0.41 | −$0.70 |
| Gross margin | 55.1% | 50.4% | 65.7% | 51.6% | 47.8% | 52.3% | 72.6% | 50.2% | 66.2% | 51.6% | 77.6% | 55.5% |
| Operating margin | −70.6% | −83.3% | −19.7% | −84.6% | −96.6% | −85.5% | −23.5% | −193.9% | −111.4% | −184.3% | −40.0% | −132.0% |
| Net margin | 10.1% | −102.5% | 37.3% | −60.4% | −78.8% | −100.4% | −45.5% | −108.1% | −114.2% | −149.5% | −41.4% | −145.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SDGR's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SDGR financial results
In fiscal year 2025 (ended December 31, 2025), Schrödinger reported revenue of $255.9 million, up 23.3% from the year before. It had a net loss of $103.3 million, a net profit margin of −40.4%. Diluted earnings per share came to −$1.92. Over five years revenue grew at an average rate of 18.8% a year.
See the SDGR stock overview for the latest quote and news, or the SDGR chart for price history and technical indicators.
SDGR income statement FAQ
What is Schrödinger's annual revenue?
Schrödinger reported total revenue of $255.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 23.3% from $207.5 million the previous year.
Is Schrödinger profitable?
No. Schrödinger reported a net loss of $103.3 million in fiscal 2025, a net profit margin of −40.4%; its operating margin was −65.2%.
What is Schrödinger's gross margin?
Schrödinger's gross margin was 55.7% in fiscal 2025: for every $100 of revenue, Schrödinger kept $56 after the direct cost of its products and services.
How much does Schrödinger spend on research and development?
Schrödinger spent $173.1 million on research and development in fiscal 2025, 67.7% of revenue.
How fast is Schrödinger growing?
Revenue grew 18.8% a year on average over the last five fiscal years, from $108.1 million to $255.9 million.
What are Schrödinger's earnings per share?
Schrödinger earned $-1.92 per diluted share in fiscal 2025, compared with $-2.61 a year earlier.
When will Schrödinger report its next earnings?
Schrödinger is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Schrödinger's fiscal year end?
Schrödinger's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 25, 2026.