---
schema_version: "secwatch.filing_event.v1"
accession: "0001490978-24-000017"
form_type: "8-K"
ticker: "SDGR"
cik: "0001490978"
company_name: "Schrodinger, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:39:03.424432+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Schrödinger Q4 software rev +44% to $68.7M; guides 6-13% software growth in 2024

## Summary
- Q4 software revenue $68.7M (+44% YoY); total revenue $74.1M (+30.4%); net loss $30.7M.
- Full-year 2023 total revenue $216.7M (+19.7%); net income $40.7M vs $149.2M loss in 2022.
- 2024 guidance: software revenue growth 6-13%; drug discovery revenue $30-35M; expects higher cash burn.
- Pipeline: Phase 1 data for MALT1 inhibitor SGR-1505 well tolerated; two clinical programs; Wee1/Myt1 IND expected H1 2024.
- Total ACV grew 9.7% to $154.2M; customers with >$1M ACV rose from 18 to 27.

## SEC filing metadata
- accession: 0001490978-24-000017
- form_type: 8-K
- ticker: SDGR
- cik: 0001490978
- company_name: Schrodinger, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/0001490978-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/sdgr-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001490978-24-000017
- JSON: https://secwatch.observer/filing/0001490978-24-000017.json
- Plain text: https://secwatch.observer/filing/0001490978-24-000017.txt

## Key facts
- Earnings Releases
  Schrodinger, Inc. reported year ended December 31, 2023 results: revenue $216.7 million, net income $40.7 million.
  - Period: year ended December 31, 2023
  - Revenue: $216.7 million
  - Net income: $40.7 million
  - Result: reported results
  source text: Total revenue for the full year increased 19.7% to $216.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/0001490978-24-000017-index.htm
- Earnings Releases
  Schrodinger, Inc. reported fourth quarter and year ended December 31, 2023 results: revenue $74.1 million, net income $30.7 million net loss.
  - Period: fourth quarter and year ended December 31, 2023
  - Revenue: $74.1 million
  - Net income: $30.7 million net loss
  - Result: reported results
  source text: Total revenue for the fourth quarter increased 30.4% to $74.1 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1490978/000149097824000017/0001490978-24-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.