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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 117,257 $ 120,267
Restricted cash 3,500 3,000
Marketable securities 408,275 456,212
Accounts receivable, net of allowance for doubtful accounts of $127 and $108 29,321 31,744
Unbilled and other receivables, net for allowance for unbilled receivables of $40 and $30 16,273 8,807
Prepaid expenses 11,542 5,030
Total current assets 586,168 625,060
Property and equipment, net 11,120 10,025
Equity investments 37,002 43,167
Goodwill 4,791  
Intangible assets, net 986  
Right of use assets 78,136 75,384
Other assets 1,334 2,851
Total assets 719,537 756,487
Current liabilities:    
Accounts payable 9,766 8,079
Accrued payroll, taxes, and benefits 10,951 18,405
Deferred revenue 53,771 55,368
Lease liabilities 4,151 2,042
Other accrued liabilities 6,893 7,317
Total current liabilities 85,532 91,211
Deferred revenue, long-term 24,582 30,064
Lease liabilities, long-term 77,353 77,827
Other liabilities, long-term 1,400 300
Total liabilities 188,867 199,402
Commitments and contingencies (Note 6)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 10,000,000 shares; zero shares issued and outstanding at March 31, 2022 and December 31, 2021
Additional paid-in capital 797,004 786,964
Accumulated deficit (264,392) (229,952)
Accumulated other comprehensive loss (2,657) (651)
Total stockholders’ equity of Schrödinger stockholders 530,667 557,071
Noncontrolling interest 3 14
Total stockholders’ equity 530,670 557,085
Total liabilities and stockholders’ equity 719,537 756,487
Common Stock    
Stockholders' equity:    
Common stock 620 618
Limited Common Stock    
Stockholders' equity:    
Common stock $ 92 $ 92