SDGR (SDGR) financial statements
SDGR reported revenue of $256M in fiscal 2025, up 20.0% a year over 6 years.
Net income was -$103M and the operating margin -65.2%, against -45.3% in 2019.
Free cash flow was $12M.
The diluted share count rose 1123% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SDGR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $86M | $108M | $138M | $181M | $217M | $208M | $256M |
| Cost of revenue | $36M | $45M | $72M | $80M | $76M | $75M | $113M |
| Gross profit | $49M | $63M | $66M | $101M | $141M | $132M | $143M |
| Research and development | $39M | $65M | $91M | $126M | $182M | $202M | $173M |
| Selling, general and admin | $48M | $60M | $86M | $121M | $136M | $140M | $136M |
| Operating income | -$39M | -$61M | -$111M | -$147M | -$177M | -$209M | -$167M |
| Pre-tax income | -$26M | -$26M | -$101M | -$149M | $43M | -$186M | -$102M |
| Income tax | -$291,000 | $345,000 | $411,000 | $63,000 | $2M | $1M | $939,000 |
| Net income | -$25M | -$24M | -$100M | -$149M | $41M | -$187M | -$103M |
| EPS (diluted) | -$4.09 | -$0.41 | -$1.42 | -$2.10 | $0.54 | -$2.57 | -$1.41 |
| Diluted shares | 6M | 60M | 71M | 71M | 75M | 73M | 73M |
| Gross margin | 57.4% | 58.7% | 47.6% | 55.8% | 64.9% | 63.6% | 55.7% |
| Operating margin | -45.3% | -56.4% | -80.8% | -81.1% | -81.9% | -100.8% | -65.2% |
| Net margin | -28.7% | -22.6% | -72.8% | -82.4% | 18.8% | -90.2% | -40.4% |
Balance sheet
Fiscal years, from SDGR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $86M | $643M | $576M | $451M | $463M | $352M | $395M |
| Receivables | $19M | $31M | $32M | $56M | $66M | $236M | $83M |
| Total current assets | $119M | $683M | $625M | $534M | $568M | $635M | $519M |
| Property, plant and equipment | $6M | $5M | $10M | $14M | $23M | $24M | $19M |
| Goodwill | — | — | $0 | $5M | $5M | $5M | $5M |
| Total assets | $155M | $746M | $756M | $689M | $803M | $823M | $726M |
| Total current liabilities | $45M | $73M | $91M | $109M | $134M | $192M | $189M |
| Total liabilities | $57M | $122M | $199M | $241M | $254M | $402M | $362M |
| Shareholders' equity | -$93M | $624M | $557M | $448M | $549M | $421M | $364M |
| Net debt | -$26M | -$202M | -$120M | -$90M | -$155M | -$147M | -$231M |
Cash flow
Fiscal years, from SDGR's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$26M | $17M | -$71M | -$120M | -$137M | -$157M | $14M |
| Capital spending | $2M | $3M | $7M | $8M | $13M | $7M | $1M |
| Free cash flow | -$28M | $14M | -$78M | -$128M | -$150M | -$165M | $12M |
| Stock-based compensation | $2M | $11M | $26M | $40M | $48M | $50M | $43M |
| Free cash flow margin | -32.6% | 13.2% | -56.4% | -70.6% | -69.3% | -79.3% | 4.9% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for SDGR.
Open SDGR in InvestinglyQuestions
What was SDGR's revenue in 2025?
$256M in fiscal 2025, from its 10-K filing.
How much free cash flow does SDGR generate?
$12M in fiscal 2025 (operating cash flow minus capital spending).
From SDGR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.