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

-$61.7M

Debt / Assets

55.5%

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)	2024-12-31	2023-12-31	2022-12-31	2021-12-11	2020-01-31
Revenue	10,790,000	12,008,000	13,102,000	8,196,306	735,482
Cost of Revenue	5,093,000	2,800,000	2,873,000	1,623,336	288,162
Gross Profit	5,697,000	9,208,000	10,229,000	6,572,970	447,320
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	24,457,000	27,744,000	53,980,000	13,774,036	18,703,643
Operating Expenses	74,207,000	81,503,000	113,932,000	40,701,635	48,149,279
Operating Income	-68,510,000	-72,295,000	-103,703,000	-34,128,665	-47,701,959
Interest Expense	3,255,000	5,779,000	5,286,000	-2,465,135	-670,848
Income Before Tax	-200,988,000	-75,107,000	-71,521,000	-38,241,499	-53,816,321
Income Tax Expense	0	0	-35,035,000	0	0
Net Income	-200,988,000	-75,107,000	-36,486,000	-38,241,499	-53,816,321
Per Share
EPS	-1.09	-0.57	-0.36	-0.34	-0.47
EPS Diluted	0.00	0.00	0.00	0.00	0.00

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

Balance sheet annual history for Rigetti Computing Inc (RGTI).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-11	2020-01-31
Assets
Cash and Cash Equivalents	67,674,000	21,392,000	57,888,000	11,728,516	308,707
Short Term Investments	124,420,000	78,537,000	84,923,000	0	0
Net Receivables	2,427,000	5,029,000	6,235,000	1,542,540	188,975
Inventory	0	0	2,971,000	0	0
Total Current Assets	206,758,000	107,667,000	154,467,000	18,070,216	1,623,987
Property Plant Equipment	52,636,000	52,117,000	48,846,000	22,497,484	20,039,703
Goodwill and Intangibles	0	0	0	5,377,255	5,377,255
Total Assets	284,787,000	159,913,000	203,442,000	46,426,430	27,485,194
Liabilities
Account Payables	1,590,000	5,772,000	1,938,000	1,970,998	3,102,961
Short Term Debt	2,159,000	16,584,000	10,648,000	23,500,494	26,892,459
Total Current Liabilities	11,867,000	29,052,000	21,752,000	8,282,127	34,802,766
Long Term Debt	6,641,000	16,191,000	28,493,000	0	0
Total Liabilities	158,198,000	50,325,000	53,218,000	36,431,960	155,897,860
Shareholders Equity
Retained Earnings	-554,747,000	-353,759,000	-278,652,000	-207,131,331	-142,762,336
Total Shareholders Equity	126,589,000	109,588,000	150,224,000	-71,528,671	-128,412,666

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

Cash flow annual history for Rigetti Computing Inc (RGTI).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-11	2020-01-31
Operating Activities
Net Income	-200,988,000	-75,107,000	-71,521,000	-38,241,499	-53,816,321
Depreciation & Amortization	6,906,000	9,108,000	7,017,000	4,651,129	3,941,859
Stock Based Compensation	13,069,000	12,409,000	44,812,000	1,765,371	2,780,618
Change in Working Capital	-3,081,000	-495,000	-2,327,000	2,781,639	4,631,515
Operating Cash Flow	-50,627,000	-50,579,000	-62,689,000	-29,043,360	-36,888,815
Investing Activities
Capital Expenditure	-11,098,000	-9,059,000	-22,737,000	-7,007,742	-3,093,840
Investments	-11,098,000	-9,059,000	-22,737,000	-7,007,742	-3,093,840
Investing Cash Flow	-78,362,000	773,000	-107,024,000	-7,007,742	-2,944,356
Financing Activities
Debt Repayment	-23,328,000	-8,333,000	-1,291,000	-247,140	-2,839,261
Common Stock Issued/Repurchased	206,338,000	1,126,000	6,068,000	374,901	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	175,459,000	13,230,000	215,454,000	25,582,240	18,740,784
Summary
Free Cash Flow	-61,725,000	-59,638,000	-85,426,000	-36,051,102	-39,982,655
Net Change in Cash	46,282,000	-36,496,000	45,842,000	-10,473,872	-21,107,698