# Who are Schrodinger's customers? Who does Schrodinger earn revenue from?
Canonical: https://valuechain.wiki/schrodinger · Facet: customers · Updated: 2026-07-12T03:46:40.103884+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Schrodinger discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).

### 제약 (물리기반 신약 SW 라이선스) (high)
- note: Physics-based simulation software licensing to pharma (software $200M, ACV $198M).
- [confirms] Schrodinger (EN, filing, published 2026-02-25) https://ir.schrodinger.com/press-releases/news-details/2026/Schrdinger-Reports-Fourth-Quarter-and-Full-Year-2025-Financial-Results/default.aspx: "Physics-based simulation software licensing to pharma (software $200M, ACV $198M)."
- [confirms] Business Wire (EN, news, published 2025-11-05) https://www.businesswire.com/news/home/20251105438747/en/Schrdinger-Reports-Third-Quarter-2025-Financial-Results: "Physics-based simulation software licensing to pharma (software $200M, ACV $198M)."
- [confirms] BioSpectator (KO, news, published 2024-11-15) https://m.biospectator.com/view/news_view.php?varAtcId=23554: "Novartis licenses Schrodinger's physics-based molecular-modeling software in a deal worth $150M upfront and over $2.4B in total to develop small-molecule drugs in its core therapeutic areas."
- [confirms] Schrodinger (EN, ir, published 2024-11-12) https://ir.schrodinger.com/press-releases/news-details/2024/Schrdinger-Announces-Multi-Target-Collaboration-and-Expanded-Software-Licensing-Agreement-with-Novartis/default.aspx: "Novartis expands its use of Schrodinger's computational predictive modeling and enterprise informatics platform under a three-year software agreement, with $150M upfront and about $2.3B in total milestones."

### 신약 협업·자체 파이프라인 (mid)
- note: Collaboration and own-pipeline milestones — large upside on success, but trial costs drive losses.
- [confirms] StockTitan (EN, research, published 2026-02-25) https://www.stocktitan.net/news/SDGR/schrodinger-reports-fourth-quarter-and-full-year-2025-financial-awplxl9lmvpp.html: "Collaboration and own-pipeline milestones."

Reverse side: https://valuechain.wiki/schrodinger/suppliers.md · Ripple: https://valuechain.wiki/schrodinger/ripple.md

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Full node: https://valuechain.wiki/schrodinger.md · JSON: https://valuechain.wiki/schrodinger.json