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Schrödinger receives $57M from Lilly's acquisition of co-founded Ajax Therapeutics
Received ~$57M cash from Eli Lilly's acquisition of Ajax Therapeutics, a company co-founded by Schrödinger.
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Schrödinger shareholders approve 3M share increase to equity plan, elect directors at annual meeting
Shareholders approved amendment to 2022 Equity Incentive Plan, increasing authorized shares by 3,000,000.
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Schrödinger details separation terms with former CCO Mannix Aklian: 9-month salary, $88k bonus, RSU acceleration
Separation effective May 29, 2026; transition period as Senior Advisor ended.
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Schrodinger CCO Mannix Aklian departs; Paul Davie returns as interim; guidance reaffirmed
Mannix Aklian ceased as Chief Commercial Officer, Global Head of Software Sales effective May 18, 2026.
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Schrödinger Q1 ACV $28.4M (+12%), drug disc. rev surges to $22.9M, net loss $60M, FY guide maintained
ACV $28.4M (+12% YoY); software revenue $35.6M (-21%) reflecting hosted transition.
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Schrödinger appoints Therese Abrams as principal accounting officer; Herman transitions out
Therese Abrams designated principal accounting officer effective March 8, 2026; she was VP, Corporate Controller since July 2025.
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Schrödinger reports 2025 revenue $255.9M (+23%), net loss $103.3M; guides 2026 software ACV $218-228M
Software revenue $199.5M (+10.6%); drug discovery revenue $56.4M (+107%) vs $27.2M in 2024.
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Schrödinger Q3 revenue up 54% to $54.3M; software growth 28%, FY guidance trimmed
Total revenue $54.3M (+54% YoY); software revenue $40.9M (+28%); drug discovery $13.5M.
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Schrödinger finalizes separation agreement with former CFO Geoffrey Porges
Separation date June 6, 2025; receives nine months base salary of $487,500.
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Schrödinger Q2 revenue $54.8M (+16% YoY); narrows net loss; maintains revenue guidance, lowers expense guidance
Total revenue $54.8M (+16% YoY); software revenue $40.5M (+15%); drug discovery $14.2M (+19%).
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Schrödinger stockholders elect all directors, approve say-on-pay and auditor
Class II directors elected: Chodakewitz, Lynton, Thornberry, van Kralingen.
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Schrodinger appoints Richie Jain as CFO; Geoffrey Porges departs
Richie Jain named EVP and CFO effective May 16, 2025; previously SVP Strategic Finance.
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Schrödinger restructures, cuts ~60 jobs (7% of workforce) to reduce cash burn
Reduces headcount by ~60 employees (~7% of full-time workforce) effective May 19, 2025.
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Schrödinger Q1 total revenue $59.6M (+63% YoY); software rev $48.8M; maintains FY guidance
Software revenue $48.8M (+46% YoY); drug discovery revenue $10.7M (+237%) incl $5.7M from Novartis collaboration.
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Schrödinger settles derivative suit over director pay; adopts compensation reforms
Company adopted new director comp policy capping each element at 60th percentile of peer group.
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March 10, 2025, 7:59 PM ET
leadership
materiality 0.40
neutral
Schrödinger elects Bridget van Kralingen to board of directors
Bridget van Kralingen elected as class II director effective March 7, 2025.
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Schrödinger Q4 software revenue $79.7M (+16% YoY); 2025 outlook: rev growth 10-15%, drug disc rev $45-50M
Q4 2024 total revenue $88.3M (+19% YoY); software revenue $79.7M (+16% YoY).
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Schrödinger enters $2.272B collaboration with Novartis; $150M upfront
Upfront payment of $150 million to be paid after HSR waiting period expires.
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Schrödinger Q3 total revenue $35.3M (-17% YoY); announces $150M upfront Novartis collaboration
Software revenue $31.9M (+10% YoY); drug discovery revenue $3.4M (-75% YoY).
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Schrödinger enters new master license agreement with Columbia University, consolidating eight prior IP licenses
Effective September 11, 2024, Schrödinger LLC and Columbia University executed a Master License Agreement, amending and restating eight prior license agreements.
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Schrödinger Q2 rev $47.3M (+35% YoY); net loss $54.0M; updates FY guidance
Total revenue $47.3M (+35% YoY), software rev $35.4M (+21%), drug discovery $11.9M (+104%). Net loss $54.0M vs income $4.3M YoY.
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Schrödinger shareholders approve 5M share increase for 2022 Equity Plan
Approved increase of 5,000,000 shares for 2022 Equity Incentive Plan; 413,155 shares for 2020 ESPP.
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Schrödinger Q1 revenue $36.6M, net loss $54.7M; FDA clears IND for SGR-3515
Total revenue $36.6M (down 44% YoY); software revenue $33.4M (+3.7%).
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Schrödinger enters ATM equity agreement with Leerink to sell up to $250M of common stock
Up to $250M of common stock may be sold at-the-market through Leerink Partners under new Sales Agreement.
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Schrödinger Q4 software rev +44% to $68.7M; guides 6-13% software growth in 2024
Q4 software revenue $68.7M (+44% YoY); total revenue $74.1M (+30.4%); net loss $30.7M.
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Schrödinger Q3 revenue $42.6M (+15% YoY); net loss widens to $62M; updates guidance
Total revenue $42.6M (+15% YoY); software revenue $28.9M (+17%); drug discovery $13.7M (+11%).
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Schrödinger Q2 revenue falls 8.5% to $35.2M; raises software guidance, cuts drug discovery outlook
GAAP net income of $4.3M vs loss of $47.7M; non-GAAP net loss widened to $56.8M from $43.8M.
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Schrödinger Q2 revenue $35.2M (-8.5% YoY); raises software revenue guidance, cuts drug discovery outlook
Net income $4.3M vs net loss $47.7M YoY, driven by $45.0M other income and $20.4M tax benefit.
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Schrödinger stockholders elect three Class III directors, approve say-on-pay and auditor
Richard Friesner, Rosana Kapeller-Libermann, Gary Sender elected as Class III directors for three-year terms.
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Schrodinger enters $250M at-the-market stock offering with SVB Securities
Up to $250M in common stock may be sold through SVB Securities as sales agent.
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Schrödinger Q1 revenue $64.8M (+33%), net income $129.1M on $147M Nimbus gain
Drug discovery revenue $32.6M (up 109% YoY) includes $25M BMS milestone for SOS1/KRAS program.
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Schrodinger amends bylaws to update stockholder nomination procedures and governance
Bylaws amended effective April 12, 2023; updates for universal proxy rules and stockholder proposal requirements.
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Schrödinger FY2022 total revenue $181M (+31%); Q4 revenue $56.8M (+23%); net loss widens to $149M
FY2022 total revenue $181.0M (+31% YoY); software revenue $135.6M (+20%), drug discovery $45.4M (+84%).
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Schrodinger Q3 rev $37M (+24% YoY); Lilly collab up to $425M; FY22 guide narrowed
Q3 total revenue $37.0M (+24% YoY); drug discovery $12.3M (+121%); software $24.7M (+2%)
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Schrödinger appoints Geoffrey Porges as CFO; severance plan amended
Porges appointed EVP/CFO effective Aug 18, 2022; previously Vice Chairman at SVB Securities.
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Schrödinger Q2 revenue up 29% YoY to $38.5M; net loss widens to $47.7M, maintains 2022 outlook
Software revenue $30.0M (+25% YoY); drug discovery revenue $8.5M (+48% YoY).
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Schrödinger stockholders approve 2022 Equity Incentive Plan adding up to 15.6M new shares
Stockholders approved 2022 Equity Incentive Plan, authorizing up to 15,605,822 shares of common stock for awards.
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Schrödinger elects Arun Oberoi to Board, effective May 17, 2022
Arun Oberoi elected as class I director; term expires at 2024 annual meeting.
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Schrödinger Q1 total revenue up 51% to $48.7M; net loss widens to $34.5M
Software revenue $33.1M (+26% YoY); drug discovery revenue $15.6M (+169% YoY).
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CFO Joel Lebowitz retires; enters transition and consulting agreements effective Feb 28, 2022
Joel Lebowitz retired as CFO and Treasurer effective February 28, 2022.
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Schrödinger Q4 software revenue $38.6M, up 55% YoY; guides 2022 total revenue $161-181M
Q4 total revenue $46.2M (+40% YoY); software revenue $38.6M (+55% YoY); drug discovery $7.6M.
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Schrödinger CFO Joel Lebowitz to retire; Jenny Herman appointed interim principal financial officer
Joel Lebowitz notified of retirement as CFO, effective Feb 28, 2022.
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Schrödinger Q3 revenue $29.9M (+16% YoY); net loss $35M vs $3.9M income; lowers drug discovery revenue guidance
Revenue $29.9M (+16% YoY); software revenue $24.3M (+6%), drug discovery $5.6M (up from $2.9M).
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Schrödinger Q2 revenue up 29% to $29.8M; net loss widens to $34.6M on investment spend
Total revenue $29.8M (+29% YoY); software revenue $24.1M (+15% YoY); drug discovery revenue $5.7M.