Rigetti Computing Inc (RGTI)

Technology | Computer Hardware
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) 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) 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) 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 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 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