v3.26.1
Net Income (Loss) per Share Attributable to Common and Limited Common Stockholders
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to Common and Limited Common Stockholders Net Income (Loss) per Share Attributable to Common and Limited Common Stockholders
The following table presents the calculation of basic and diluted net income (loss) per share attributable to common and limited common stockholders for the periods presented (in thousands, except for share and per share data):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income (loss) attributable to Schrödinger common and limited common stockholders$5,975 $(43,173)$(54,051)$(102,981)
Denominator:
Weighted average shares used to compute net income (loss) per share of common and limited common stockholders, basic:74,712,58173,427,63574,352,85773,243,797
Effect of the exercise of common stock options and vested RSUs on weighted average common and limited common shares1,056,779 — — — 
Weighted average shares used to compute net income (loss) per share of common and limited common stockholders, diluted:75,769,360 73,427,635 74,352,857 73,243,797 
Net income (loss) per share of common and limited common stockholders, basic:$0.08 $(0.59)$(0.73)$(1.41)
Net income (loss) per share of common and limited common stockholders, diluted:$0.08 $(0.59)$(0.73)$(1.41)
For the three months ended June 30, 2026, in order to calculate diluted net income per share, the weighted average shares used to compute net income is adjusted by the effect of dilutive securities, including awards under the Plans. Diluted net income per share is computed by dividing the resulting net income by the weighted average number of fully diluted common and limited shares outstanding.
For periods in which the Company reports net losses, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares and limited common shares outstanding would have been anti-
dilutive. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Shares subject to outstanding common stock options11,024,04512,578,03012,039,28012,578,030
Shares subject to outstanding unvested RSUs and PRSUs1,565,9562,472,4023,165,7412,472,402
Total shares subject to outstanding common stock options and unvested RSUs and PRSUs12,590,00115,050,43215,205,02115,050,432