Rigetti Computing Inc (RGTI)

Name: Rigetti Computing Inc Financial Statements
Creator: Quarter Results

Technology | Computer Hardware

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$1.5M

Net Income

$42.6M

Operating Margin

-1,469.6%

Free Cash Flow

-$77.2M

Debt / Assets

18.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Rigetti Computing Inc (RGTI).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	1,472,000	2,274,000	2,378,000	3,086,000
Cost of Revenue	1,030,000	1,271,000	1,174,000	1,096,000
Gross Profit	442,000	1,003,000	1,204,000	1,990,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	6,619,000	5,840,000	5,798,000	6,205,000
Operating Expenses	22,074,000	19,497,000	18,550,000	18,075,000
Operating Income	-21,632,000	-18,494,000	-17,346,000	-16,085,000
Interest Expense	0	446,000	733,000	969,000
Income Before Tax	42,619,000	-152,961,000	-14,833,000	-12,421,000
Income Tax Expense	0	0	0	0
Net Income	42,619,000	-152,961,000	-14,833,000	-12,421,000
Per Share
EPS	0.15	-0.68	-0.08	-0.07
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Rigetti Computing Inc (RGTI).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-11
Revenue	7,088,000	10,790,000	12,008,000	13,102,000	8,196,306
Cost of Revenue	5,024,000	5,093,000	2,800,000	2,873,000	1,623,336
Gross Profit	2,064,000	5,697,000	9,208,000	10,229,000	6,572,970
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	25,379,000	24,457,000	27,744,000	53,980,000	13,774,036
Operating Expenses	86,724,000	74,207,000	81,503,000	113,932,000	40,701,635
Operating Income	-84,660,000	-68,510,000	-72,295,000	-103,703,000	-34,128,665
Interest Expense	0	3,255,000	5,779,000	5,286,000	-2,465,135
Income Before Tax	-216,210,000	-200,988,000	-75,107,000	-71,521,000	-38,241,499
Income Tax Expense	0	0	0	-35,035,000	0
Net Income	-216,210,000	-200,988,000	-75,107,000	-36,486,000	-38,241,499
Per Share
EPS	-0.70	-1.09	-0.57	-0.36	-0.34
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Rigetti Computing Inc (RGTI).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	44,851,000	67,674,000	21,392,000	57,888,000
Short Term Investments	0	124,420,000	78,537,000	84,923,000
Net Receivables	2,551,000	2,427,000	5,029,000	6,235,000
Inventory	0	0	0	2,971,000
Total Current Assets	454,760,000	206,758,000	107,667,000	154,467,000
Property Plant Equipment	63,462,000	52,636,000	52,117,000	48,846,000
Goodwill and Intangibles	0	0	0	0
Total Assets	666,574,000	284,787,000	159,913,000	203,442,000
Liabilities
Account Payables	3,488,000	1,590,000	5,772,000	1,938,000
Short Term Debt	2,235,000	2,159,000	16,584,000	10,648,000
Total Current Liabilities	12,152,000	11,867,000	29,052,000	21,752,000
Long Term Debt	4,932,000	6,641,000	16,191,000	28,493,000
Total Liabilities	120,375,000	158,198,000	50,325,000	53,218,000
Shareholders Equity
Retained Earnings	-770,957,000	-554,747,000	-353,759,000	-278,652,000
Total Shareholders Equity	546,199,000	126,589,000	109,588,000	150,224,000

Balance sheet annual history for Rigetti Computing Inc (RGTI).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-11
Assets
Cash and Cash Equivalents	44,851,000	67,674,000	21,392,000	57,888,000	11,728,516
Short Term Investments	0	124,420,000	78,537,000	84,923,000	0
Net Receivables	2,551,000	2,427,000	5,029,000	6,235,000	1,542,540
Inventory	0	0	0	2,971,000	0
Total Current Assets	454,760,000	206,758,000	107,667,000	154,467,000	18,070,216
Property Plant Equipment	63,462,000	52,636,000	52,117,000	48,846,000	22,497,484
Goodwill and Intangibles	0	0	0	0	5,377,255
Total Assets	666,574,000	284,787,000	159,913,000	203,442,000	46,426,430
Liabilities
Account Payables	3,488,000	1,590,000	5,772,000	1,938,000	1,970,998
Short Term Debt	2,235,000	2,159,000	16,584,000	10,648,000	23,500,494
Total Current Liabilities	12,152,000	11,867,000	29,052,000	21,752,000	8,282,127
Long Term Debt	4,932,000	6,641,000	16,191,000	28,493,000	0
Total Liabilities	120,375,000	158,198,000	50,325,000	53,218,000	36,431,960
Shareholders Equity
Retained Earnings	-770,957,000	-554,747,000	-353,759,000	-278,652,000	-207,131,331
Total Shareholders Equity	546,199,000	126,589,000	109,588,000	150,224,000	-71,528,671

Cash flow quarterly history for Rigetti Computing Inc (RGTI).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	-216,210,000	-200,988,000	-75,107,000	-71,521,000
Depreciation & Amortization	8,169,000	6,906,000	9,108,000	7,017,000
Stock Based Compensation	17,605,000	13,069,000	12,409,000	44,812,000
Change in Working Capital	-7,882,000	-3,081,000	-495,000	-2,327,000
Operating Cash Flow	-58,543,000	-50,627,000	-50,579,000	-62,689,000
Investing Activities
Capital Expenditure	-18,676,000	-11,098,000	-9,059,000	-22,737,000
Investments	-18,676,000	-11,098,000	-9,059,000	-22,737,000
Investing Cash Flow	-403,328,000	-78,362,000	773,000	-107,024,000
Financing Activities
Debt Repayment	0	-23,328,000	-8,333,000	-1,291,000
Common Stock Issued/Repurchased	432,814,000	206,338,000	1,126,000	6,068,000
Dividends Paid	0	0	0	0
Financing Cash Flow	439,086,000	175,459,000	13,230,000	215,454,000
Summary
Free Cash Flow	-77,219,000	-61,725,000	-59,638,000	-85,426,000
Net Change in Cash	-22,823,000	46,282,000	-36,496,000	45,842,000

Cash flow annual history for Rigetti Computing Inc (RGTI).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-11
Operating Activities
Net Income	-216,210,000	-200,988,000	-75,107,000	-71,521,000	-38,241,499
Depreciation & Amortization	8,169,000	6,906,000	9,108,000	7,017,000	4,651,129
Stock Based Compensation	17,605,000	13,069,000	12,409,000	44,812,000	1,765,371
Change in Working Capital	-7,882,000	-3,081,000	-495,000	-2,327,000	2,781,639
Operating Cash Flow	-58,543,000	-50,627,000	-50,579,000	-62,689,000	-29,043,360
Investing Activities
Capital Expenditure	-18,676,000	-11,098,000	-9,059,000	-22,737,000	-7,007,742
Investments	-18,676,000	-11,098,000	-9,059,000	-22,737,000	-7,007,742
Investing Cash Flow	-403,328,000	-78,362,000	773,000	-107,024,000	-7,007,742
Financing Activities
Debt Repayment	0	-23,328,000	-8,333,000	-1,291,000	-247,140
Common Stock Issued/Repurchased	432,814,000	206,338,000	1,126,000	6,068,000	374,901
Dividends Paid	0	0	0	0	0
Financing Cash Flow	439,086,000	175,459,000	13,230,000	215,454,000	25,582,240
Summary
Free Cash Flow	-77,219,000	-61,725,000	-59,638,000	-85,426,000	-36,051,102
Net Change in Cash	-22,823,000	46,282,000	-36,496,000	45,842,000	-10,473,872