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Net (Loss) Income per Share Attributable to Common and Limited Common Stockholders
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net (Loss) Income per Share Attributable to Common and Limited Common Stockholders Net (Loss) Income per Share Attributable to Common and Limited Common Stockholders
The following table presents the calculation of basic and diluted net (loss) income 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 September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net (loss) income attributable to Schrödinger common and limited common stockholders$(38,136)$(62,024)$(146,907)$71,390 
Denominator:
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, basic:72,813,00671,924,45172,606,03371,679,765
Effect of the exercise of common stock options and vested RSUs on weighted average common and limited common shares— — — 3,287,026 
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, diluted:72,813,006 71,924,451 72,606,033 74,966,791 
Net (loss) income per share of common and limited common stockholders, basic:$(0.52)$(0.86)$(2.02)$1.00 
Net (loss) income per share of common and limited common stockholders, diluted:$(0.52)$(0.86)$(2.02)$0.95 
For the three and nine months ended September 30, 2024, 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.
Since the Company was in a loss position for the three and nine ended September 30, 2024, 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 September 30,Nine Months Ended September 30,
2024202320242023
Shares subject to outstanding common stock options and unvested RSUs and PRSUs13,663,28712,243,35213,663,2876,192,747