secwatch.observer — SEC 8-K summary
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Issuer:     Schrodinger, Inc. (SDGR)
CIK:        0001490978
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001490978-26-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Schrödinger reports 2025 revenue $255.9M (+23%), net loss $103.3M; guides 2026 software ACV $218-228M
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- Software revenue $199.5M (+10.6%); drug discovery revenue $56.4M (+107%) vs $27.2M in 2024.
- Software ACV $198.5M, up 4% YoY; net loss $103.3M vs $187.1M; adjusted EBITDA -$114.9M vs -$152.5M.
- Accelerating transition to hosted software; GAAP software revenue expected to decline short-to-medium term while ACV unchanged.
- 2026 guidance: software ACV $218-228M (10-15% growth), drug discovery rev $55-65M, opex below 2025.
- 2028 objective: positive adjusted EBITDA by year-end, substantially complete hosted transition, drug discovery rev ~$50M/year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490978/000149097826000009/0001490978-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490978/000149097826000009/sdgr-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001490978-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer