Schrodinger (SDGR) Research & Development (2019 - 2026)

Schrodinger's (SDGR) quarterly Research & Development came in at $43.8 million in Q1 2026, down 4.41% year-on-year from $45.8 million in Q1 2025, and up 148.28% on a QoQ basis from -$90.8 million in Q4 2025.

Schrodinger (SDGR) Research & Development (2019 - 2026) Analysis & Trends

Schrodinger (SDGR) has 8 years of Research & Development data on file, last reported at $43.8 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 4.41% year-over-year to $43.8 million in Q1 2026; TTM through Mar 2026 was -$26.7 million, a 122.87% decrease from a year earlier, with the FY2025 full-year figure at $41.0 million, up 2.62% from the prior year.
  • Research & Development for Q1 2026 stood at $43.8 million, up from -$90.8 million in the prior quarter.
  • Over the last five years, Research & Development for SDGR reached as high as $105.1 million in Q4 2022 and fell as low as -$90.8 million in Q4 2025.
  • Historically, Research & Development has averaged $19.2 million across 5 years, with a median of $10.2 million in 2024.
  • Across the five-year window, Research & Development jumped 463.46% in 2024 and plunged 1035.45% in 2025, its largest moves.
  • Year by year, Research & Development stood at $105.1 million in 2022, then slumped by 51.02% to $51.5 million in 2023, then plunged by 81.15% to $9.7 million in 2024, then plunged by 1035.45% to -$90.8 million in 2025, then surged by 148.28% to $43.8 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $43.8 million in Q1 2026, -$90.8 million in Q4 2025, and $9.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 208.32 Mn
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn -
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 26.83 Mn
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 56.85 Mn
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 30.34 Mn
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 99.00 Mn
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 45.83 Mn
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 39.11 Mn
9 Privia Health 3.10 Bn 2.73 Bn - 8.13 Mn
10 Schrodinger 1.12 Bn 851.74 Mn 29.55 Mn 43.82 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 43.82 Mn
Dec 31, 2025 -90.78 Mn
Sep 30, 2025 9.52 Mn
Jun 30, 2025 10.73 Mn
Mar 31, 2025 45.84 Mn
Dec 31, 2024 9.70 Mn
Sep 30, 2024 10.35 Mn
Jun 30, 2024 50.84 Mn
Mar 31, 2024 10.17 Mn
Dec 31, 2023 51.49 Mn
Sep 30, 2023 9.11 Mn
Jun 30, 2023 9.02 Mn
Mar 31, 2023 9.15 Mn
Dec 31, 2022 105.11 Mn
Sep 30, 2022 7.16 Mn
Jun 30, 2022 7.43 Mn
Mar 31, 2022 27.82 Mn
Dec 31, 2021 25.15 Mn
Sep 30, 2021 5.56 Mn
Jun 30, 2021 21.09 Mn