Strong Revenue Growth:
Full‑year 2025 total revenue rose 23% to $255.9M with software up 11%, highlighting broader adoption and upsell including more hosted deployments. ACV reached $201M on a trailing four‑quarter basis and grew 12% in Q1 2026, with 2026 ACV guided to 10–15% growth.
Strategic Partnerships:
Progress in collaborations and co‑founded or partnered programs lifted drug‑discovery revenue (Q1 2026 more than doubled, and 2026 guidance is $55–$65M). The company is pursuing partnerships for oncology assets SGR‑1505 and SGR‑3515 and highlighted potential milestone and liquidity events.
Future-Ready Strategy:
Management is transitioning software from term licenses to hosted subscriptions and outlined 2026 priorities to scale the “physics+AI” platform and release the Bunsen agentic AI “co‑scientist.” Feedback suggests this shift should aid scalability and retention even as near‑term revenue recognition is choppy.
