Schrodinger Inc (SDGR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	132,083	125,503	131,414	113,889	140,692	121,846	115,408	118,732	101,022	88,679	82,593	77,439	65,620	58,251	62,408	64,011	63,472	60,007	55,446	51,714
Revenue (ttm)	US$ in thousands	207,539	193,348	200,627	188,482	216,666	199,383	193,794	197,074	180,955	170,282	163,152	154,467	137,931	124,793	120,740	114,048	108,095	100,895	95,058	90,976
Gross profit margin		63.64%	64.91%	65.50%	60.42%	64.93%	61.11%	59.55%	60.25%	55.83%	52.08%	50.62%	50.13%	47.57%	46.68%	51.69%	56.13%	58.72%	59.47%	58.33%	56.84%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $132,083K ÷ $207,539K
= 63.64%

Schrodinger Inc's gross profit margin has displayed fluctuating trends over the past few years, based on the provided data. The margin started at a relatively high level of 56.84% on March 31, 2020, showing a steady increase up to September 30, 2020, reaching 59.47%. However, there was a slight decline by the end of December 2020, with the margin standing at 58.72%.

Subsequently, there was a noticeable decrease by March 31, 2021, dropping to 56.13%, followed by a more significant decline to 51.69% by June 30, 2021. The trend continued downwards, hitting a low of 46.68% on September 30, 2021. However, there was a slight recovery in the following quarter, with the margin improving to 47.57% by December 31, 2021.

From March 31, 2022, there was a gradual increase in the gross profit margin, reaching 60.25% by March 31, 2023, showing a significant recovery. The margin remained relatively stable for the next few quarters, hovering around 60%-65%, indicating a period of consistency.

By the end of December 31, 2024, Schrodinger Inc's gross profit margin stood at 63.64%, demonstrating a positive upward trend from the previous years. Overall, the company experienced fluctuations in its gross profit margin during the period analyzed, but managed to improve and stabilize the margin towards the end of the timeline provided.