Schrodinger

SDGR Q4 2025 Earnings

Reported Feb 25, 2026 at 4:09 PM ET · SEC Source

Q4 25 EPS

$0.54

BEAT +700.00%

Est. $-0.09

Q4 25 Revenue

$87.2M

BEAT +4.24%

Est. $83.7M

vs S&P Since Q4 25

+23.8%

BEATING MARKET

SDGR +30.1% vs S&P +6.4%

Full Year 2025 Results

FY 25 EPS

$-1.41

FY 25 Revenue

$255.9M

Market Reaction

Did SDGR Beat Earnings? Q4 2025 Results

Schrödinger delivered a striking Q4 2025 earnings beat, posting adjusted EPS of $0.54 against a consensus estimate of negative $0.09, a 700.00% positive surprise, while revenue of $87.20 million edged past the $83.66 million consensus by 4.24%, even … Read more Schrödinger delivered a striking Q4 2025 earnings beat, posting adjusted EPS of $0.54 against a consensus estimate of negative $0.09, a 700.00% positive surprise, while revenue of $87.20 million edged past the $83.66 million consensus by 4.24%, even as total revenue slipped 1.3% year over year. The headline profitability was driven largely by $50.10 million in other income, including significant fair-value gains on equity investments, which powered a swing to GAAP net income of $32.51 million from a net loss of $40.22 million in the prior-year quarter. Underlying that result, drug discovery revenue more than doubled to $18.00 million, partially offsetting a 13% year-over-year decline in software revenue to $69.30 million tied to the timing of prior multi-year deals. The company is accelerating a transition to hosted software contracts that will pressure reported revenue near term but improve predictability, with management targeting 10% to 15% annual ACV growth, software ACV of $218.00 million to $228.00 million in 2026, and positive adjusted EBITDA by 2028.

Key Takeaways

  • 23.3% total revenue growth for full year 2025
  • Drug discovery revenue more than doubled year-over-year for the full year
  • Q4 net income swing driven by $50.1 million in other income including equity investment gains
  • Operating expenses decreased 9.3% for full year and 12.2% for Q4
  • Top 20 Pharma ACV grew 15.3% to $80.8 million
  • 96% gross dollar retention rate for commercial customers
24/7 Wall St

SDGR YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

SDGR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Schrödinger's performance in 2025, marked by 23% total revenue growth and 11% software revenue growth, is a testament to the resilience of our business and the unique value we provide. While the drug discovery AI landscape is expanding rapidly, we differentiate ourselves by consistently delivering outsized real-world impact, validated by continued robust customer engagement, high customer retention, and a strong track record of highly differentiated development candidates across our collaborative and internal therapeutics portfolio. Our success is enabled by our transformative platform that integrates ground-truth, physics-based simulation with leading-edge AI and machine learning. Looking ahead to 2026, we are poised to scale our impact through new platform enhancements and the commercial launch of our predictive toxicology solution.”

— Ramy Farid, Q4 2025 Earnings Press Release