Schrodinger, Inc.
SDGR · Pharmaceutical Preparations · 62.2M shares · +8%/yr ↑ dilution · EDGAR filings ↗
Reference price $12.21 · est. market cap ~$759M — last insider sale, 2026-04-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Computational drug-discovery software + pipeline — operating losses but positive FCF and growth.
Strengths
- Positive free cash flow — FCF $12M (83rd), revenue +23%
- Real software-licensing business + drug pipeline — per 10-K
Risks
- Operating losses — operating margin -65%, net income -45%
- Pipeline/milestone-lumpy economics — per 10-K
- R&D-spend intensity — per 10-K
Notable findings
- Net lossNet loss (net margin -40.4%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $395M cash & investments
- Insider sellingInsider selling — 17 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$1M, last 6mo) Form 4 ↗
- Revenue declineRevenue -32.8% YoY
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, ARK Investment Management LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- AccumulatingInstitutional holders rose 9→11 QoQ (2025-12-31→2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
55.7%
Operating margin
-65.2%
Net margin
-40.4%
Return on equity
-28.4%
Return on assets
-14.2%
Revenue growth (QoQ)
-32.8%
Current ratio
2.7×
Free cash flow
$12M
EBITDA
-$161M
Tangible book value
$359M
Cash & investments
$395M
Stock comp / revenue
16.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Kapeller-Libermann Rosana | Grant | 8.1K | — |
| 2026-06-22 | GINSBERG GARY L | Grant | 8.1K | — |
| 2026-06-22 | Thornberry Nancy | Grant | 8.1K | — |
| 2026-06-22 | Sender Gary | Grant | 8.1K | — |
| 2026-06-22 | Chodakewitz Jeffrey | Grant | 8.1K | — |
| 2026-06-22 | Lynton Michael | Grant | 8.1K | — |
| 2026-06-22 | van Kralingen Bridget A | Grant | 8.1K | — |
| 2026-06-22 | OBEROI ARUN | Grant | 8.1K | — |
| 2026-06-22 | Friesner Richard | Grant | 8.1K | — |
| 2026-04-17 | Farid Ramy | Sell | 43K | $12.21 |
| 2026-04-17 | Farid Ramy | Option exercise | 75K | $3.07 |
| 2026-04-17 | Farid Ramy | Option exercise | 43K | $3.07 |
| 2026-04-16 | Farid Ramy | Sell | 43K | $12.33 |
| 2026-04-16 | Jain Rachit | Sell | 844 | $12.75 |
| 2026-04-16 | Farid Ramy | Option exercise | 43K | $3.07 |
| 2026-03-06 | Herman Jenny | Sell | 608 | $12.84 |
| 2026-03-05 | Herman Jenny | Sell | 775 | $12.85 |
| 2026-03-05 | Akinsanya Karen | Sell | 1.4K | $12.90 |
| 2026-03-05 | Jain Rachit | Sell | 1.6K | $12.90 |
| 2026-03-05 | Tran Yvonne | Sell | 1.1K | $12.89 |
| 2026-03-05 | Lorton Kenneth Patrick | Sell | 1.2K | $12.90 |
| 2026-03-05 | Farid Ramy | Sell | 3.7K | $12.91 |
| 2026-03-04 | Abel Robert Lorne | Sell | 1.3K | $12.81 |
| 2026-03-02 | Tran Yvonne | Grant | 14K | — |
| 2026-03-02 | Jain Rachit | Grant | 17K | — |
| 2026-03-02 | Aklian Mannix Vartan | Grant | 17K | — |
| 2026-03-02 | Friesner Richard | Option exercise | 161K | $3.07 |
| 2026-03-02 | Abel Robert Lorne | Grant | 17K | — |
| 2026-03-02 | Abel Robert Lorne | Grant | 21K | — |
| 2026-03-02 | Herman Jenny | Grant | 9.6K | — |
| 2026-03-02 | Tran Yvonne | Grant | 17K | — |
| 2026-03-02 | Lorton Kenneth Patrick | Grant | 17K | — |
| 2026-03-02 | Lorton Kenneth Patrick | Grant | 21K | — |
| 2026-03-02 | Farid Ramy | Grant | 56K | — |
| 2026-03-02 | Farid Ramy | Grant | 14K | — |
| 2026-03-02 | Farid Ramy | Grant | 48K | — |
| 2026-03-02 | Farid Ramy | Sell | 5.6K | $11.90 |
| 2026-03-02 | Akinsanya Karen | Grant | 24K | — |
| 2026-03-02 | Akinsanya Karen | Grant | 6.1K | — |
| 2026-03-02 | Akinsanya Karen | Grant | 28K | — |
| 2026-03-02 | Akinsanya Karen | Sell | 2.2K | $11.99 |
| 2026-02-10 | Lorton Kenneth Patrick | Sell | 925 | $13.73 |
| 2026-02-10 | Herman Jenny | Sell | 752 | $13.79 |
| 2026-02-10 | Tran Yvonne | Sell | 776 | $13.80 |
| 2026-02-09 | Abel Robert Lorne | Sell | 1.2K | $13.51 |
| 2025-10-16 | Dugan Margaret | Sell | 1.4K | $21.07 |
| 2025-06-18 | Kapeller-Libermann Rosana | Grant | 6.0K | — |
| 2025-06-18 | GINSBERG GARY L | Grant | 6.0K | — |
| 2025-06-18 | OBEROI ARUN | Grant | 6.0K | — |
| 2025-06-18 | Friesner Richard | Grant | 6.0K | — |
| 2025-06-18 | van Kralingen Bridget A | Grant | 1.5K | — |
| 2025-06-18 | Chodakewitz Jeffrey | Grant | 6.0K | — |
| 2025-06-18 | Sender Gary | Grant | 6.0K | — |
| 2025-06-18 | Lynton Michael | Grant | 6.0K | — |
| 2025-06-18 | Thornberry Nancy | Grant | 6.0K | — |
| 2025-05-29 | Aklian Mannix Vartan | Grant | 14K | — |
| 2025-05-21 | Jain Rachit | Grant | 9.4K | — |
| 2025-04-14 | Akinsanya Karen | Sell | 5.0K | $25.11 |
| 2025-04-14 | Akinsanya Karen | Option exercise | 13K | $3.22 |
| 2025-04-14 | Akinsanya Karen | Option exercise | 3.3K | $2.92 |
| 2025-04-14 | Akinsanya Karen | Sell | 8.4K | $25.11 |
| 2025-04-14 | Akinsanya Karen | Sell | 3.3K | $25.00 |
| 2025-03-07 | van Kralingen Bridget A | Grant | 10K | — |
| 2025-03-06 | Herman Jenny | Sell | 666 | $21.11 |
| 2025-03-03 | Porges Geoffrey Craig | Grant | 15K | — |
| 2025-03-03 | Porges Geoffrey Craig | Sell | 5.5K | $21.76 |
| 2025-03-03 | Akinsanya Karen | Grant | 16K | — |
| 2025-03-03 | Farid Ramy | Grant | 38K | — |
| 2025-03-03 | Dugan Margaret | Grant | 12K | — |
| 2025-03-03 | Herman Jenny | Grant | 9.8K | — |
| 2025-03-03 | Tran Yvonne | Grant | 12K | — |
| 2025-03-03 | Abel Robert Lorne | Grant | 12K | — |
| 2025-03-03 | Lorton Kenneth Patrick | Grant | 12K | — |
| 2025-03-03 | Porges Geoffrey Craig | Grant | 12K | — |
| 2025-02-18 | Tran Yvonne | Option exercise | 3.9K | $4.34 |
| 2025-02-18 | Tran Yvonne | Sell | 3.9K | $28.00 |
| 2025-02-11 | Lorton Kenneth Patrick | Sell | 985 | $24.43 |
| 2025-02-11 | Herman Jenny | Sell | 859 | $24.43 |
| 2025-02-11 | Tran Yvonne | Sell | 828 | $24.43 |
| 2025-02-10 | Abel Robert Lorne | Sell | 1.2K | $25.99 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-06-08 | Exec/director changeExhibits | filing ↗ |
| 2026-05-20 | Exec/director changeReg FD | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-03-12 | Exec/director change | filing ↗ |
| 2026-02-25 | ResultsExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-09-08 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-22 | 0001490978-26-000049 ↗ |
| 8-K | 2026-06-08 | 2026-06-05 | 0001490978-26-000045 ↗ |
| 8-K | 2026-05-20 | 2026-05-18 | 0001490978-26-000041 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001490978-26-000036 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001490978-26-000037 ↗ |
| 8-K | 2026-03-12 | 2026-03-06 | 0001490978-26-000013 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001490978-26-000010 ↗ |
| 8-K | 2026-02-25 | 2026-02-25 | 0001490978-26-000009 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001490978-25-000116 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001490978-25-000117 ↗ |
| 8-K | 2025-09-08 | 2025-09-05 | 0001490978-25-000106 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001490978-25-000100 ↗ |