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Net (Loss) Income per Share Attributable to Common and Limited Common Stockholders
3 Months Ended
Mar. 31, 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 March 31,
20242023
Numerator:
Net (loss) income attributable to Schrödinger common and limited common stockholders$(54,724)$129,136 
Denominator:
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, basic:72,291,13471,467,097
Effect of the exercise of common stock options and vested RSUs on weighted average common and limited common shares— 2,351,514 
Weighted average shares used to compute net (loss) income per share of common and limited common stockholders, diluted:72,291,134 73,818,611 
Net (loss) income per share of common and limited common stockholders, basic:$(0.76)$1.81 
Net (loss) income per share of common and limited common stockholders, diluted:$(0.76)$1.75 
For the three months ended March 31, 2023, 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 months ended March 31, 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 March 31,
20242023
Shares subject to outstanding common stock options and unvested RSUs and PRSUs13,974,4836,216,397