Business
Schrödinger Reports First Quarter 2026 Financial Results
NEW YORK, May 05, 2026--Schrödinger, Inc. announced financial results for the quarter ended March 31, 2026.
About this update from Schrodinger, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/5135c9c6eda97c5e240edab39c28f62a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wtXHM3J43vKeMgF7f5xWTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business-wire.com/5135c9c6eda97c5e240edab39c28f62a","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Bmbm0Nsnq7z4miOQm1VQzw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0/https://media.zenfs.com/en/business-wire.com/5135c9c6eda97c5e240edab39c28f62a","width":1024,"height":512}},"lazy":false},{"type":"text","content":"First Quarter ACV of $28 Million, Representing 12% Growth","length":57,"tagName":"p","attribs":{}},{"type":"text","content":"Continued Momentum in Transition to Hosted Software Licensing","length":61,"tagName":"p","attribs":{}},{"type":"text","content":"Schrödinger to Launch Bunsen, an Agentic AI Co-Scientist, This Summer","length":69,"tagName":"p","attribs":{}},{"type":"text","content":"Lilly’s Announced $2.3 Billion Acquisition of Ajax Validates Schrödinger’s Track Record of High-Value Collaborations","length":116,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, May 05, 2026--(BUSINESS WIRE)--Schrödinger, Inc. (Nasdaq: SDGR) today announced financial results for the quarter ended March 31, 2026.","length":145,"tagName":"p"},{"type":"text","content":""Our first quarter results show strong growth in both ACV and drug discovery revenue. ACV growth of 12 percent was driven by usage scale-ups and new deployments; we are also pleased with our progress transitioning customers to hosted licensing. The biopharmaceutical funding environment is improving, and the depth of customer engagement reflects the critical importance of our computational platform that integrates ground truth simulation with leading edge AI. We have a strong commitment to technology leadership and are excited about the release this summer of Bunsen, an agentic AI co-scientist designed to autonomously execute complex molecular discovery workflows and expand utilization to a broader user base," said Ramy Farid, Ph.D., chief executive officer of Schrödinger. "We also continue to see the impact of our platform through the success...