← Schrodinger, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $3.6m | $3.7m | $2.8m | $4.3m | $5.6m | $6.2m | $6.0m | $5.9m | |
| Stock-based compensation | $2.2m | $10.5m | $26.5m | $39.6m | $47.8m | $49.9m | $43.0m | $38.7m | |
| Gain on equity investments | ($943k) | ($4.1m) | $1.8m | ($11.8m) | ($147.2m) | $0 | $0 | — | |
| Changes in fair value of equity investments | ($9.9m) | ($28.3m) | ($11.4m) | $18.1m | ($53.5m) | ($5.7m) | ($48.2m) | — | |
| Purchases of equity investments | — | ($2.9m) | ($3.7m) | ($600k) | ($4.1m) | ($3.1m) | $0 | — | |
| Distribution from equity investment | $943k | $4.6m | $375k | $11.8m | $147.2m | $0 | $0 | — | |
| Proceeds from sale and disposition of equity investments | — | $0 | $15.7m | $0 | $0 | $48.8m | $17.7m | — | |
| Accounts receivable, net | ($5.0m) | ($12.7m) | ($321k) | ($23.7m) | ($10.0m) | ($169.7m) | $152.7m | ($4.3m) | |
| Unbilled and other receivables | ($1.6m) | $3.5m | ($5.2m) | ($4.3m) | ($10.0m) | $3.5m | ($1.7m) | — | |
| Accounts payable | ($294k) | $4.9m | ($411k) | $1.2m | $7.3m | ($6.1m) | $908k | $1.5m | |
| Purchases of property and equipment in accounts payable | $90k | $8k | $705k | $169k | $192k | $162k | $40k | ($3.4m) | |
| Accrued payroll, taxes, and benefits | $2.9m | $5.0m | $6.4m | $6.5m | $6.9m | $10.3m | ($2.8m) | — | |
| Deferred revenue | $6.7m | $59.7m | ($1.0m) | ($1.9m) | ($18.3m) | $155.5m | ($29.0m) | — | |
| Other accrued liabilities | $958k | ($1.2m) | $3.5m | ($1.3m) | $5.9m | ($1.9m) | $91k | — | |
| Purchases of property and equipment in accrued liabilities | $90k | $8k | $0 | $293k | $457k | $157k | $81k | ($3.4m) | |
| Prepaid expenses and other assets | $410k | $187k | ($1.1m) | ($7.1m) | ($8.5m) | ($3.5m) | ($2.4m) | — | |
| Net cash provided by (used in) operating activities | ($26.1m) |
$16.8m
+164.30%
|
($70.7m)
-521.73%
|
($119.7m)
-69.36%
|
($136.7m)
-14.25%
|
($157.4m)
-15.09%
|
$13.9m
+108.83%
|
($126.9m)
-1012.80%
|
|
| Loss on disposal of property and equipment | — | $0 | $140k | $19k | $142k | $8k | $20k | — | |
| Purchases of property and equipment | ($1.8m) | ($2.5m) | ($7.2m) | ($8.0m) | ($13.4m) | ($7.3m) | ($1.4m) | ($3.4m) | |
| Purchases of marketable securities | ($110.2m) | ($519.7m) | ($414.8m) | ($271.5m) | ($320.6m) | ($251.3m) | ($313.0m) | — | |
| Proceeds from maturity of marketable securities | $57.2m | $138.8m | $392.7m | $364.7m | $384.0m | $361.8m | $354.6m | — | |
| Net cash provided by investing activities | ($53.9m) | ($381.7m) | ($16.8m) | $90.0m | $193.0m | $148.8m | $57.9m | $186.1m | |
| Proceeds from issuances of common stock upon stock option exercises | — | — | — | $2.1m | $9.4m | $1.5m | $3.0m | — | |
| Proceeds from issuance of common stock in ATM offering | — | — | — | $0 | $0 | $8.9m | $0 | $177k | |
| Net cash provided by financing activities | $28.7m |
$541.3m
+1787.02%
|
$8.0m
-98.53%
|
$2.1m
-73.47%
|
$9.0m
+328.82%
|
$10.1m
+11.88%
|
$2.9m
-71.05%
|
$1.7m
-41.21%
|
|
| Cash and cash equivalents and restricted cash, beginning of year | $26.5m | $202.8m | $123.3m | $95.7m | $161.1m | $162.7m | $237.4m | — | |
| Net increase in cash and cash equivalents and restricted cash | ($51.2m) | $176.3m | ($79.5m) | ($27.6m) | $65.3m | $1.6m | $74.7m | — | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Net (loss) income | ($25.7m) | ($26.6m) | ($101.2m) | ($149.2m) | $40.7m | ($187.1m) | ($103.3m) | — | |
| Noncash investment accretion | ($506k) | $646k | $5.3m | $629k | ($7.8m) | ($7.6m) | ($1.9m) | — | |
| Reduction in the carrying amount of right of use assets - operating leases | — | — | $5.8m | $7.3m | $7.8m | $8.9m | $9.1m | — | |
| Lease liabilities - operating leases | — | ($5.4m) | ($2.9m) | $1.9m | ($3.7m) | ($10.1m) | ($8.6m) | — | |
| Payment of offering costs | ($1.9m) | — | $0 | $0 | ($373k) | ($177k) | $0 | — | |
| Principal payments on finance leases | — | — | $0 | $0 | ($19k) | ($58k) | ($58k) | — | |
| Acquisition of right of use assets - operating leases, contingency resolution | — | — | $0 | $1.5m | $514k | $2.8m | $0 | — | |
| Acquisition of right of use assets in exchange for lease liabilities - operating leases | — | — | $71.1m | $34.8m | $15.1m | $0 | $0 | — | |
| Acquisition of right of use assets in exchange for lease liabilities - finance leases | — | — | $0 | $0 | $279k | $0 | $0 | — |