NASDAQ : RGTI
Rigetti Computing, Inc. — Financial statements
Technology · Computer Hardware · United States
Last price 12.06 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.03B
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Financial statements
Rigetti Computing, Inc. (RGTI) reported revenue of 13.35M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.35M | 7.09M | 10.79M | 12.01M | 13.10M | 8.94M |
| Cost of Revenue | 8.73M | 5.02M | 5.09M | 2.80M | 2.87M | 1.77M |
| Gross Profit | 4.62M | 2.06M | 5.70M | 9.21M | 10.23M | 7.17M |
| Selling, General & Admin | 28.73M | 25.38M | 24.46M | 27.74M | 53.98M | 15.03M |
| Research & Development | 73.05M | 61.34M | 49.75M | 52.77M | 59.95M | 29.38M |
| Operating Expenses | 101.78M | 86.72M | 74.21M | 80.51M | 113.93M | 44.40M |
| Operating Income | -97.16M | -84.66M | -68.51M | -71.30M | -103.70M | -37.23M |
| Interest Expense | -3.25M | -5.78M | -5.29M | -2.69M | ||
| Interest & Investment Income | 21.79M | 16.56M | 5.11M | 5.08M | 2.43M | 10.91K |
| Other Non Operating Income (Expenses) | -159.24M | -150.63M | -90.17M | -1.16M | 22.13M | -1.81M |
| EBT Excluding Unusual Items | -234.61M | -218.73M | -156.82M | -73.17M | -84.42M | -41.72M |
| Merger & Restructuring Charges | -991.00K | -927.00K | ||||
| Impairment of Goodwill | -5.38M | |||||
| Other Unusual Items | -4.06M | 2.52M | -44.17M | -949.00K | 19.21M | |
| Pretax Income | -238.67M | -216.21M | -200.99M | -75.11M | -71.52M | -41.72M |
| Net Income | -238.67M | -216.21M | -200.99M | -75.11M | -71.52M | -41.72M |
| Net Income to Common | -238.67M | -216.21M | -200.99M | -75.11M | -71.52M | -41.72M |
| Shares Outstanding (Basic) | 330.33M | 309.76M | 184.67M | 131.98M | 102.30M | 23.34M |
| Shares Outstanding (Diluted) | 330.33M | 309.76M | 184.67M | 131.98M | 102.30M | 23.34M |
| EPS (Basic) | -0.72 | -0.70 | -1.09 | -0.57 | -0.70 | -1.79 |
| EPS (Diluted) | -0.80 | -0.70 | -1.09 | -0.57 | -0.70 | -1.79 |
| Free Cash Flow | -87.58M | -77.22M | -61.73M | -59.64M | -85.43M | -39.33M |
| Free Cash Flow Per Share | -0.27 | -0.25 | -0.33 | -0.45 | -0.83 | -1.69 |
| Gross Margin | 34.61% | 29.12% | 52.80% | 76.68% | 78.07% | 80.20% |
| Operating Margin | -727.62% | -1,194.41% | -634.94% | -593.80% | -791.50% | -416.41% |
| Profit Margin | -1,787.40% | -3,050.37% | -1,862.72% | -625.47% | -545.88% | -466.58% |
| Free Cash Flow Margin | -655.90% | -1,089.43% | -572.06% | -496.65% | -652.01% | -439.87% |
| EBITDA | -87.23M | -76.49M | -61.60M | -63.88M | -96.69M | -32.16M |
| D&A For EBITDA | 9.93M | 8.17M | 6.91M | 7.43M | 7.02M | 5.07M |
| EBIT | -97.16M | -84.66M | -68.51M | -71.30M | -103.70M | -37.23M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 27.76M | 44.85M | 67.67M | 21.39M | 57.89M | 11.73M |
| Short-Term Investments | 365.95M | 398.66M | 124.42M | 78.54M | 84.92M | |
| Cash & Short-Term Investments | 393.71M | 443.51M | 192.09M | 99.93M | 142.81M | 11.73M |
| Accounts Receivable | 3.87M | 2.55M | 2.43M | 5.03M | 6.24M | 1.54M |
| Other Receivables | 3.10M | 6.60M | ||||
| Receivables | 3.87M | 5.65M | 9.03M | 5.03M | 6.24M | 1.54M |
| Prepaid Expenses | 4.21M | 3.19M | 3.16M | 1.94M | 2.45M | 1.35M |
| Other Current Assets | 12.60M | 2.41M | 2.48M | 771.00K | 2.97M | 3.45M |
| Total Current Assets | 414.39M | 454.76M | 206.76M | 107.67M | 154.47M | 18.07M |
| Property, Plant & Equipment | 82.23M | 63.46M | 52.64M | 52.12M | 48.85M | 22.50M |
| Long-Term Investments | 147.59M | 146.32M | 25.07M | |||
| Goodwill | 5.38M | |||||
| Other Long-Term Assets | 4.03M | 2.03M | 325.00K | 129.00K | 129.00K | 482.00K |
| Total Assets | 648.23M | 666.57M | 284.79M | 159.91M | 203.44M | 46.43M |
| Accounts Payable | 14.00M | 3.49M | 1.59M | 5.77M | 1.94M | 1.97M |
| Accrued Expenses | 6.68M | 4.64M | 7.21M | 6.48M | 6.12M | 3.16M |
| Current Portion of Long-Term Debt | 12.16M | 8.30M | 575.00K | |||
| Current Portion of Leases | 2.66M | 2.23M | 2.16M | 2.21M | 2.35M | |
| Current Unearned Revenue | 3.32M | 847.00K | 113.00K | 343.00K | 961.00K | 985.00K |
| Other Current Liabilities | 78.41M | 944.00K | 796.00K | 2.08M | 2.09M | 878.00K |
| Total Current Liabilities | 105.06M | 12.15M | 11.87M | 29.05M | 21.75M | 7.57M |
| Long-Term Debt | 9.89M | 20.64M | 24.22M | |||
| Long-Term Leases | 5.04M | 4.93M | 6.64M | 6.30M | 7.86M | |
| Long-Term Unearned Revenue | 698.00K | 698.00K | 698.00K | |||
| Other Long-Term Liabilities | 102.59M | 138.99M | 5.08M | 2.97M | 4.65M | |
| Total Liabilities | 110.80M | 120.38M | 158.20M | 50.33M | 53.22M | 36.43M |
| Common Stock | 33.00K | 33.00K | 29.00K | 14.00K | 12.00K | 2.00K |
| Additional Paid-In Capital | 1.33B | 1.32B | 681.20M | 463.09M | 429.02M | 135.55M |
| Retained Earnings | -790.45M | -770.96M | -554.75M | -353.76M | -278.65M | -207.13M |
| Comprehensive Income & Other | -1.75M | 997.00K | 105.00K | 244.00K | -161.00K | 52.00K |
| Total Common Equity | 537.43M | 546.20M | 126.59M | 109.59M | 150.22M | -71.53M |
| Shareholders' Equity | 537.43M | 546.20M | 126.59M | 109.59M | 150.22M | 9.99M |
| Total Liabilities & Equity | 648.23M | 666.57M | 284.79M | 159.91M | 203.44M | 46.43M |
| Total Debt | 7.70M | 7.17M | 8.80M | 30.57M | 39.14M | 24.79M |
| Net Cash (Debt) | 386.01M | 436.34M | 183.29M | 69.36M | 103.67M | -13.06M |
| Net Cash Per Share | 1.17 | 1.41 | 0.99 | 0.53 | 1.01 | -0.56 |
| Filing Date Shares Outstanding | 333.77M | 332.15M | 285.83M | 158.88M | 128.75M | 113.81M |
| Total Common Shares Outstanding | 333.68M | 331.28M | 283.55M | 147.07M | 125.26M | 113.81M |
| Working Capital | 309.33M | 442.61M | 194.89M | 78.61M | 132.72M | 10.51M |
| Book Value Per Share | 1.61 | 1.65 | 0.45 | 0.75 | 1.20 | -0.63 |
| Tangible Book Value | 537.43M | 546.20M | 126.59M | 109.59M | 150.22M | -76.91M |
| Tangible Book Value Per Share | 1.61 | 1.65 | 0.45 | 0.75 | 1.20 | -0.68 |
| Machinery | 92.83M | 74.75M | 69.41M | 57.83M | 37.03M | |
| Construction In Progress | 2.58M | 1.34M | ||||
| Leasehold Improvements | 10.05M | 8.87M | 8.37M | 7.56M | 4.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -238.67M | -216.21M | -200.99M | -75.11M | -71.52M | -41.72M |
| Depreciation & Amortization | 9.93M | 8.17M | 6.91M | 7.43M | 7.02M | 5.07M |
| Other Amortization | 844.00K | 2.29M | 1.47M | 559.64K | ||
| Asset Writedown & Restructuring Costs | 5.38M | |||||
| Loss (Gain) From Sale of Investments | -8.64M | -9.92M | -3.62M | -3.12M | -949.00K | |
| Stock-Based Compensation | 22.79M | 17.61M | 13.07M | 12.41M | 44.81M | 1.93M |
| Other Operating Activities | 165.01M | 149.69M | 136.25M | 6.02M | -46.57M | 2.30M |
| Change in Accounts Receivable | -2.11M | -124.00K | 2.60M | 1.21M | -4.69M | -1.16M |
| Change in Accounts Payable | 2.14M | 111.00K | -1.04M | 895.00K | -707.00K | -424.36K |
| Change in Unearned Revenue | 3.20M | 734.00K | 468.00K | -618.00K | -24.00K | 537.82K |
| Change in Other Net Operating Assets | -14.36M | -8.60M | -5.12M | -1.98M | 3.10M | 1.22M |
| Operating Cash Flow | -60.72M | -58.54M | -50.63M | -50.58M | -62.69M | -31.68M |
| Capital Expenditures | -26.87M | -18.68M | -11.10M | -9.06M | -22.74M | -7.65M |
| Investment in Securities | 8.26M | -384.65M | -67.26M | 9.83M | -84.29M | |
| Investing Cash Flow | -18.61M | -403.33M | -78.36M | 773.00K | -107.02M | -7.65M |
| Long-Term Debt Issued | 5.00M | |||||
| Total Debt Issued | 5.00M | 29.45M | ||||
| Long-Term Debt Repaid | -23.33M | -8.33M | -1.29M | |||
| Total Debt Repaid | -23.33M | -8.33M | -1.29M | |||
| Net Debt Issued (Repaid) | -23.33M | -8.33M | 3.71M | 29.45M | ||
| Issuance of Common Stock | 50.56M | 433.70M | 206.89M | 21.67M | 6.07M | 412.36K |
| Repurchase of Common Stock | -6.27M | |||||
| Other Financing Activities | -90.00K | 5.38M | -1.83M | -107.00K | 205.68M | -1.96M |
| Financing Cash Flow | 50.47M | 439.09M | 175.46M | 13.23M | 215.45M | 27.91M |
| Foreign Exchange Rate Adjustments | -569.00K | -38.00K | -188.00K | 80.00K | 101.00K | -5.46K |
| Net Cash Flow | -29.42M | -22.82M | 46.28M | -36.50M | 45.84M | -11.43M |
| Free Cash Flow | -87.58M | -77.22M | -61.73M | -59.64M | -85.43M | -39.33M |
| Free Cash Flow Margin | -655.90% | -1,089.43% | -572.06% | -496.65% | -652.01% | -439.87% |
| Free Cash Flow Per Share | -0.27 | -0.25 | -0.33 | -0.45 | -0.83 | -1.69 |
| Levered Free Cash Flow | 26.45M | -42.19M | -47.03M | -27.62M | -38.76M | |
| Unlevered Free Cash Flow | 26.45M | -42.19M | -45.84M | -25.46M | -36.92M | |
| Cash Interest Paid | 2.35M | 4.34M | 3.82M | 1.62M | ||
| Change in Working Capital | -11.13M | -7.88M | -3.08M | -495.00K | -2.33M | 172.36K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.70B | 7.31B | 4.27B | 144.43M | 89.71M | 443.76M |
| Enterprise Value | 3.31B | 6.87B | 4.20B | 67.76M | -41.48M | 523.56M |
| Last Close Price | 11.25 | 22.15 | 15.26 | 0.98 | 0.73 | 10.29 |
| PS Ratio | 286.95 | 1,031.33 | 396.07 | 12.03 | 6.85 | 49.63 |
| PB Ratio | 6.98 | 13.38 | 33.76 | 1.32 | 0.60 | 44.40 |
| P/TBV Ratio | 7.13 | 13.38 | 33.76 | 1.32 | 0.60 | |
| EV/Sales Ratio | 258.04 | 969.34 | 389.57 | 5.64 | 58.56 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.07 | 0.28 | 0.26 | 2.48 |
| Net Debt / Equity Ratio | -0.72 | -0.80 | -1.45 | -0.63 | -0.69 | 1.31 |
| Net Debt / EBITDA Ratio | 4.42 | 5.71 | 2.98 | 1.09 | 1.07 | -0.41 |
| Net Debt / FCF Ratio | 4.41 | 5.65 | 2.97 | 1.16 | 1.21 | -0.33 |
| Asset Turnover | 0.02 | 0.01 | 0.05 | 0.07 | 0.10 | |
| Quick Ratio | 3.78 | 36.96 | 16.95 | 3.61 | 6.85 | 1.75 |
| Current Ratio | 3.94 | 37.42 | 17.42 | 3.71 | 7.10 | 2.39 |
| Return on Equity (ROE) | -43.77% | -64.27% | -170.20% | -57.82% | -89.28% | |
| Return on Assets (ROA) | -9.45% | -11.12% | -19.26% | -24.53% | -51.88% | |
| Return on Capital Employed (ROCE) | -17.90% | -12.90% | -25.10% | -54.50% | -57.10% | -95.80% |
| Earnings Yield | -7.18% | -2.96% | -4.70% | -52.00% | -79.72% | -9.40% |
| FCF Yield | -2.29% | -1.06% | -1.44% | -41.29% | -95.22% | -8.86% |
| Buyback Yield / Dilution | -32.36% | -67.74% | -39.92% | -29.01% | -338.36% | -12.64% |