Rigetti Computing Key Executives
This section highlights Rigetti Computing's key executives, including their titles and compensation details.
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Rigetti Computing Earnings
This section highlights Rigetti Computing's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-05 | $-0.08 | $-0.08 |
| Read Transcript | Q3 | 2024 | 2024-11-12 | $-0.08 | $-0.08 |
| Read Transcript | Q2 | 2024 | 2024-08-09 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-09 | $-0.08 | $-0.14 |
| Read Transcript | Q4 | 2023 | 2024-03-14 | $-0.13 | $-0.09 |
| Read Transcript | Q3 | 2023 | 2023-11-09 | $-0.10 | $-0.13 |
| Read Transcript | Q2 | 2023 | 2023-08-10 | $-0.17 | $-0.13 |
| Read Transcript | Q1 | 2023 | 2023-05-11 | $-0.16 | $-0.19 |
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
$9.91
Stock Price
$2.83B
Market Cap
140
Employees
Berkeley, CA
Location
Financial Statements
Access annual & quarterly financial statements for Rigetti Computing, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $10.79M | $12.01M | $13.10M | $8.20M | $5.54M |
| Cost of Revenue | $5.09M | $2.80M | $2.87M | $6.27M | $1.49M |
| Gross Profit | $5.70M | $9.21M | $10.23M | $1.92M | $4.05M |
| Gross Profit Ratio | 52.80% | 76.70% | 78.07% | 23.50% | 73.09% |
| Research and Development Expenses | $49.75M | $52.77M | $59.95M | $26.93M | $24.10M |
| General and Administrative Expenses | $- | $- | $47.63M | $12.33M | $13.16M |
| Selling and Marketing Expenses | $- | $- | $6.35M | $2.70M | $1.89M |
| Selling General and Administrative Expenses | $24.46M | $27.74M | $53.98M | $9.12M | $15.04M |
| Other Expenses | $- | $991.00K | $2.50M | $- | $42.13K |
| Operating Expenses | $74.21M | $81.50M | $113.93M | $36.05M | $39.14M |
| Cost and Expenses | $79.30M | $84.30M | $116.81M | $42.33M | $40.63M |
| Interest Income | $5.11M | $5.08M | $2.43M | $10.00K | $60.15K |
| Interest Expense | $3.25M | $5.78M | $5.29M | $2.46M | $- |
| Depreciation and Amortization | $6.91M | $7.43M | $7.55M | $4.65M | $4.30M |
| EBITDA | $-190.83M | $-61.90M | $-58.68M | $-31.12M | $-35.09M |
| EBITDA Ratio | -1768.55% | -515.51% | -719.38% | -359.66% | -716.38% |
| Operating Income | $-68.51M | $-72.30M | $-103.70M | $-34.13M | $-35.09M |
| Operating Income Ratio | -634.94% | -602.06% | -791.51% | -416.41% | -633.13% |
| Total Other Income Expenses Net | $-132.48M | $-2.81M | $37.56M | $-1.01M | $8.96M |
| Income Before Tax | $-200.99M | $-75.11M | $-71.52M | $-38.24M | $-26.13M |
| Income Before Tax Ratio | -1862.72% | -625.47% | -545.88% | -466.58% | -471.39% |
| Income Tax Expense | $- | $- | $-35.03M | $-2.47M | $-8.92M |
| Net Income | $-200.99M | $-75.11M | $-36.49M | $-38.24M | $-17.21M |
| Net Income Ratio | -1862.72% | -625.47% | -278.48% | -466.58% | -310.42% |
| EPS | $-1.09 | $-0.57 | $-0.36 | $-2.10 | $-0.40 |
| EPS Diluted | $-1.09 | $-0.57 | $-0.36 | $-2.10 | $-0.40 |
| Weighted Average Shares Outstanding | 184.67M | 131.98M | 102.30M | 18.22M | 43.12M |
| Weighted Average Shares Outstanding Diluted | 184.67M | 131.98M | 102.30M | 18.22M | 43.12M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | September 30, 2021 | June 30, 2021 | March 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.27M | $2.38M | $3.09M | $3.05M | $3.38M | $3.10M | $3.33M | $2.20M | $6.06M | $2.80M | $2.13M | $2.10M | $- | $- | $2.36M | $1.42M |
| Cost of Revenue | $1.27M | $1.17M | $1.10M | $3.34M | $2.30M | $834.00K | $597.00K | $510.00K | $810.00K | $776.00K | $873.00K | $414.00K | $- | $- | $273.00K | $335.50K |
| Gross Profit | $1.00M | $1.20M | $1.99M | $-287.00K | $1.08M | $2.27M | $2.73M | $1.69M | $5.25M | $2.03M | $1.26M | $1.69M | $- | $- | $2.09M | $1.08M |
| Gross Profit Ratio | 44.11% | 50.60% | 64.50% | -9.40% | 31.90% | 73.10% | 82.10% | 76.80% | 86.60% | 72.30% | 59.10% | 80.30% | 0.00% | 0.00% | 88.40% | 76.35% |
| Research and Development Expenses | $13.66M | $12.75M | $11.87M | $9.68M | $11.35M | $13.06M | $13.22M | $13.71M | $15.91M | $17.36M | $12.63M | $12.45M | $- | $- | $6.93M | $5.52M |
| General and Administrative Expenses | $- | $- | $- | $- | $20.29M | $6.05M | $5.75M | $8.49M | $9.26M | $14.03M | $12.79M | $11.56M | $570.39K | $489.64K | $2.52M | $3.66M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $-518.00K | $- | $- | $518.00K | $1.43M | $1.96M | $1.49M | $1.48M | $- | $- | $312.00K | $130.38K |
| Selling General and Administrative Expenses | $5.84M | $5.80M | $6.21M | $6.61M | $6.94M | $6.05M | $5.75M | $9.01M | $10.69M | $15.99M | $14.27M | $13.04M | $570.39K | $489.64K | $2.83M | $3.79M |
| Other Expenses | $- | $- | $- | $- | $-481.00K | $- | $- | $481.00K | $5.38M | $- | $- | $8.71M | $- | $- | $-30.00K | $-8.23K |
| Operating Expenses | $19.50M | $18.55M | $18.07M | $16.30M | $18.28M | $19.10M | $18.97M | $22.72M | $26.60M | $33.35M | $26.91M | $25.48M | $570.39K | $489.64K | $9.77M | $9.31M |
| Cost and Expenses | $20.77M | $19.72M | $19.17M | $19.64M | $20.58M | $19.94M | $19.56M | $23.23M | $27.41M | $34.13M | $27.78M | $25.90M | $570.39K | $489.64K | $10.04M | $9.65M |
| Interest Income | $1.55M | $1.23M | $1.22M | $1.12M | $1.33M | $1.26M | $1.20M | $1.28M | $1.26M | $1.04M | $- | $- | $- | $- | $- | $- |
| Interest Expense | $446.00K | $733.00K | $969.00K | $1.11M | $1.27M | $1.47M | $1.57M | $1.46M | $1.48M | $1.44M | $1.04M | $1.21M | $- | $- | $77.00K | $- |
| Depreciation and Amortization | $1.75M | $1.82M | $1.55M | $1.79M | $1.44M | $2.66M | $2.54M | $2.47M | $2.75M | $1.82M | $-15.12M | $1.39M | $54.00K | $-1.06M | $1.14M | $1.12M |
| EBITDA | $-150.76M | $-12.28M | $-9.90M | $-17.88M | $-9.87M | $-18.09M | $-12.85M | $-19.42M | $-18.64M | $-15.50M | $-9.62M | $-15.05M | $-570.39K | $-2.45M | $-6.54M | $-7.11M |
| EBITDA Ratio | -6629.90% | -516.36% | -320.97% | -484.86% | -467.06% | -432.75% | -387.05% | -802.18% | -294.92% | -1079.96% | -1910.40% | -1064.83% | 0.00% | 0.00% | -278.22% | -501.41% |
| Operating Income | $-18.49M | $-17.35M | $-16.09M | $-16.59M | $-17.21M | $-16.83M | $-16.24M | $-21.03M | $-21.35M | $-31.32M | $-25.64M | $-23.79M | $-570.39K | $-489.64K | $-7.68M | $-8.23M |
| Operating Income Ratio | -813.28% | -729.44% | -521.22% | -543.41% | -509.69% | -542.09% | -488.01% | -955.43% | -352.29% | -1117.12% | -1201.73% | -1130.89% | 0.00% | 0.00% | -325.42% | -580.03% |
| Total Other Income Expenses Net | $-134.47M | $2.51M | $3.66M | $-4.19M | $4.63M | $-5.38M | $-730.00K | $-1.33M | $-1.52M | $12.57M | $13.51M | $7.63M | $5.24M | $-1.96M | $-107.00K | $-4.76K |
| Income Before Tax | $-152.96M | $-14.83M | $-12.42M | $-20.77M | $-12.57M | $-22.21M | $-16.97M | $-23.35M | $-22.87M | $-18.75M | $-9.97M | $-10.47M | $4.66M | $-2.45M | $-7.79M | $-8.23M |
| Income Before Tax Ratio | -6726.52% | -623.76% | -402.50% | -680.64% | -372.39% | -715.46% | -509.95% | -1061.06% | -377.43% | -668.87% | -467.39% | -497.62% | 0.00% | 0.00% | -329.96% | -580.37% |
| Income Tax Expense | $- | $- | $- | $1.74M | $-5.84M | $1.47M | $1.57M | $2.80M | $1.31M | $-14.79M | $-33.42M | $-14.53M | $- | $- | $107.00K | $4.76K |
| Net Income | $-152.96M | $-14.83M | $-12.42M | $-20.77M | $-12.57M | $-22.21M | $-16.97M | $-26.15M | $-24.18M | $-3.97M | $23.45M | $4.06M | $4.66M | $-2.45M | $-7.79M | $-8.23M |
| Net Income Ratio | -6726.52% | -623.76% | -402.50% | -680.64% | -372.39% | -715.46% | -509.95% | -1188.19% | -399.03% | -141.55% | 1098.78% | 192.92% | 0.00% | 0.00% | -329.96% | -580.37% |
| EPS | $-0.68 | $-0.08 | $-0.07 | $-0.14 | $-0.09 | $-0.17 | $-0.13 | $-0.21 | $-0.20 | $-0.03 | $0.21 | $0.08 | $0.14 | $-0.08 | $-0.07 | $-0.07 |
| EPS Diluted | $-0.68 | $-0.08 | $-0.07 | $-0.14 | $-0.09 | $-0.17 | $-0.13 | $-0.21 | $-0.20 | $-0.03 | $0.21 | $0.08 | $0.54 | $-0.21 | $-0.07 | $-0.07 |
| Weighted Average Shares Outstanding | 226.36M | 188.39M | 171.90M | 151.85M | 140.54M | 133.87M | 128.51M | 124.78M | 121.89M | 118.57M | 114.10M | 53.46M | 34.50M | 31.55M | 113.81M | 113.81M |
| Weighted Average Shares Outstanding Diluted | 226.36M | 188.39M | 171.90M | 151.85M | 140.54M | 133.87M | 128.51M | 124.78M | 121.89M | 118.57M | 114.10M | 53.69M | 8.62M | 11.57M | 113.81M | 113.81M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $67.67M | $21.39M | $57.89M | $11.73M | $22.20M |
| Short Term Investments | $124.42M | $78.54M | $84.92M | $- | $- |
| Cash and Short Term Investments | $67.67M | $99.93M | $142.81M | $11.73M | $22.20M |
| Net Receivables | $2.43M | $5.03M | $6.24M | $1.54M | $479.37K |
| Inventory | $-3.16M | $- | $2.97M | $4.56M | $- |
| Other Current Assets | $139.81M | $2.71M | $5.42M | $4.80M | $1.04M |
| Total Current Assets | $206.76M | $107.67M | $154.47M | $18.07M | $23.72M |
| Property Plant Equipment Net | $52.64M | $52.12M | $48.85M | $22.50M | $20.14M |
| Goodwill | $- | $- | $- | $5.38M | $5.38M |
| Intangible Assets | $- | $- | $- | $5.38M | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $5.38M | $5.38M |
| Long Term Investments | $25.07M | $- | $- | $345.02M | $- |
| Tax Assets | $- | $- | $- | $-345.02M | $- |
| Other Non-Current Assets | $325.00K | $129.00K | $129.00K | $481.48K | $446.50K |
| Total Non-Current Assets | $78.03M | $52.25M | $48.98M | $28.36M | $25.96M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $284.79M | $159.91M | $203.44M | $46.43M | $49.68M |
| Account Payables | $1.59M | $5.77M | $1.94M | $1.97M | $1.11M |
| Short Term Debt | $2.16M | $16.58M | $12.99M | $-4.95M | $- |
| Tax Payables | $391.00K | $2.04M | $1.16M | $570.85K | $451.55K |
| Deferred Revenue | $113.00K | $343.00K | $961.00K | $984.98K | $491.83K |
| Other Current Liabilities | $7.61M | $4.31M | $4.70M | $-580.67K | $1.15M |
| Total Current Liabilities | $11.87M | $29.05M | $21.75M | $8.28M | $3.20M |
| Long Term Debt | $6.64M | $16.19M | $28.49M | $23.50M | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $139.69M | $5.08M | $2.97M | $86.17M | $81.90M |
| Total Non-Current Liabilities | $146.33M | $21.27M | $31.47M | $109.67M | $81.90M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $158.20M | $50.33M | $53.22M | $117.96M | $85.11M |
| Preferred Stock | $- | $- | $203.44M | $81.52M | $- |
| Common Stock | $29.00K | $14.00K | $12.00K | $23 | $21 |
| Retained Earnings | $-554.75M | $-353.76M | $-278.65M | $-207.13M | $-168.89M |
| Accumulated Other Comprehensive Income Loss | $105.00K | $244.00K | $-161.00K | $51.81K | $56.83K |
| Other Total Stockholders Equity | $681.20M | $463.09M | $429.02M | $79.13M | $133.41M |
| Total Stockholders Equity | $126.59M | $109.59M | $150.22M | $-71.53M | $-35.43M |
| Total Equity | $126.59M | $109.59M | $150.22M | $-71.53M | $-35.43M |
| Total Liabilities and Stockholders Equity | $284.79M | $159.91M | $203.44M | $46.43M | $49.68M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $284.79M | $159.91M | $203.44M | $46.43M | $49.68M |
| Total Investments | $149.49M | $78.54M | $84.92M | $345.02M | $- |
| Total Debt | $8.80M | $30.57M | $39.14M | $24.79M | $- |
| Net Debt | $-58.87M | $9.17M | $-18.75M | $13.06M | $-22.20M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $67.67M | $20.29M | $20.68M | $35.10M | $21.39M | $41.76M | $21.71M | $26.12M | $57.89M | $73.84M | $184.02M | $206.63M | $11.73M | $13.12M | $1.23M | $1.39M | $22.20M |
| Short Term Investments | $124.42M | $72.29M | $79.79M | $67.66M | $78.54M | $68.47M | $83.77M | $95.85M | $84.92M | $87.19M | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $67.67M | $92.58M | $100.48M | $102.76M | $99.93M | $110.23M | $105.48M | $121.97M | $142.81M | $161.02M | $184.02M | $206.63M | $11.73M | $13.12M | $1.23M | $1.39M | $22.20M |
| Net Receivables | $2.43M | $6.38M | $5.23M | $4.71M | $5.03M | $3.00M | $7.63M | $5.32M | $6.24M | $2.29M | $2.57M | $1.26M | $1.54M | $1.47M | $23.46K | $- | $479.37K |
| Inventory | $-3.16M | $- | $- | $1 | $1 | $1 | $1.08M | $1.22M | $2.97M | $2.67M | $1.54M | $2.89M | $- | $1.65M | $- | $- | $- |
| Other Current Assets | $139.81M | $4.90M | $3.96M | $2.58M | $2.71M | $3.47M | $4.42M | $2.98M | $5.42M | $6.30M | $5.79M | $7.30M | $4.80M | $1.39M | $360.68K | $829.49K | $1.04M |
| Total Current Assets | $206.76M | $103.87M | $109.67M | $110.04M | $107.67M | $116.70M | $117.53M | $130.26M | $154.47M | $169.62M | $192.38M | $215.18M | $18.07M | $17.63M | $1.62M | $1.80M | $23.72M |
| Property Plant Equipment Net | $52.64M | $53.21M | $52.50M | $51.85M | $52.12M | $48.38M | $49.91M | $51.51M | $48.85M | $37.44M | $30.58M | $23.94M | $22.50M | $22.40M | $- | $- | $20.14M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.38M | $5.38M | $5.38M | $5.38M | $5.38M | $- | $- | $5.38M |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.38M | $5.38M | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $5.38M | $5.38M | $5.38M | $5.38M | $5.38M | $- | $- | $5.38M |
| Long Term Investments | $25.07M | $- | $- | $- | $- | $- | $- | $- | $- | $117.00K | $117.00K | $- | $- | $345.01M | $345.01M | $345.00M | $- |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-117.00K | $-117.00K | $- | $- | $-345.01M | $- | $- | $- |
| Other Non-Current Assets | $325.00K | $178.00K | $244.00K | $218.00K | $129.00K | $132.00K | $130.00K | $130.00K | $129.00K | $246.00K | $247.00K | $1.40M | $481.48K | $1.20M | $- | $- | $446.50K |
| Total Non-Current Assets | $78.03M | $53.38M | $52.74M | $52.07M | $52.25M | $48.51M | $50.04M | $51.64M | $48.98M | $43.06M | $36.21M | $30.72M | $28.36M | $28.97M | $345.01M | $345.00M | $25.96M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $284.79M | $157.25M | $162.41M | $162.12M | $159.91M | $165.20M | $167.57M | $181.91M | $203.44M | $212.69M | $228.59M | $245.90M | $46.43M | $46.61M | $346.62M | $346.80M | $49.68M |
| Account Payables | $1.59M | $1.60M | $1.84M | $3.82M | $5.77M | $1.45M | $947.00K | $1.66M | $1.94M | $1.73M | $1.52M | $3.45M | $1.97M | $1.65M | $- | $65.45K | $1.11M |
| Short Term Debt | $2.16M | $13.39M | $17.51M | $15.03M | $16.58M | $15.95M | $15.36M | $14.38M | $10.65M | $6.83M | $4.23M | $2.37M | $575.00K | $- | $- | $- | $- |
| Tax Payables | $391.00K | $- | $- | $- | $2.04M | $- | $- | $- | $1.16M | $- | $- | $- | $- | $- | $- | $- | $451.55K |
| Deferred Revenue | $113.00K | $886.00K | $836.00K | $129.00K | $343.00K | $472.00K | $833.00K | $559.00K | $961.00K | $811.00K | $1.11M | $519.00K | $984.98K | $630.99K | $- | $- | $491.83K |
| Other Current Liabilities | $7.61M | $5.58M | $3.14M | $5.89M | $4.31M | $2.96M | $1.86M | $4.03M | $7.04M | $6.93M | $4.43M | $5.23M | $5.74M | $3.06M | $768.61K | $393.30K | $1.15M |
| Total Current Liabilities | $11.87M | $21.46M | $25.56M | $24.88M | $29.05M | $23.04M | $21.35M | $22.99M | $21.75M | $16.30M | $11.28M | $11.57M | $8.28M | $5.34M | $768.61K | $458.75K | $3.20M |
| Long Term Debt | $6.64M | $9.10M | $8.82M | $12.38M | $16.19M | $19.82M | $23.37M | $25.32M | $28.49M | $23.00M | $25.20M | $27.68M | $24.22M | $18.20M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $139.69M | $3.85M | $5.87M | $9.29M | $5.08M | $9.65M | $4.48M | $4.13M | $2.97M | $7.48M | $18.29M | $41.23M | $3.93M | $86.21M | $27.77M | $25.81M | $81.90M |
| Total Non-Current Liabilities | $146.33M | $12.95M | $14.69M | $21.66M | $21.27M | $29.47M | $27.85M | $29.45M | $31.47M | $30.48M | $43.49M | $68.91M | $28.15M | $104.41M | $27.77M | $25.81M | $81.90M |
| Other Liabilities | $- | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $158.20M | $34.41M | $40.25M | $46.54M | $50.33M | $52.51M | $49.20M | $52.44M | $53.22M | $46.78M | $54.77M | $80.47M | $36.43M | $109.75M | $28.53M | $26.27M | $85.11M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $212.69M | $228.59M | $245.90M | $- | $- | $- | $- | $- |
| Common Stock | $29.00K | $19.00K | $17.00K | $16.00K | $14.00K | $14.00K | $13.00K | $12.00K | $12.00K | $12.00K | $11.00K | $11.00K | $23 | $23 | $313.09M | $315.54M | $21 |
| Retained Earnings | $-554.75M | $-401.79M | $-386.95M | $-374.53M | $-353.76M | $-341.19M | $-318.97M | $-302.01M | $-278.65M | $-255.78M | $-227.57M | $-217.60M | $-207.13M | $-198.40M | $-3.62M | $-1.17M | $-168.89M |
| Accumulated Other Comprehensive Income Loss | $105.00K | $254.00K | $123.00K | $138.00K | $244.00K | $74.00K | $1.00K | $-6.00K | $-161.00K | $-527.00K | $99.00K | $61.00K | $51.81K | $49.63K | $- | $- | $56.83K |
| Other Total Stockholders Equity | $681.20M | $524.35M | $508.97M | $489.95M | $463.09M | $453.79M | $437.32M | $431.47M | $429.02M | $422.20M | $401.29M | $382.96M | $505.65M | $176.15M | $-304.47M | $-180.95M | $133.41M |
| Total Stockholders Equity | $126.59M | $122.84M | $122.16M | $115.58M | $109.59M | $112.69M | $118.36M | $129.47M | $150.22M | $165.91M | $173.82M | $165.43M | $-71.53M | $-63.15M | $5.00M | $5.00M | $-35.43M |
| Total Equity | $126.59M | $122.84M | $122.16M | $115.58M | $109.59M | $112.69M | $118.36M | $129.47M | $150.22M | $165.91M | $173.82M | $165.43M | $- | $- | $- | $- | $- |
| Total Liabilities and Stockholders Equity | $284.79M | $157.25M | $162.41M | $162.12M | $159.91M | $165.20M | $167.57M | $181.91M | $203.44M | $212.69M | $228.59M | $245.90M | $-35.10M | $46.61M | $33.53M | $31.27M | $49.68M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $284.79M | $157.25M | $162.41M | $162.12M | $159.91M | $165.20M | $167.57M | $181.91M | $203.44M | $212.69M | $228.59M | $245.90M | $-35.10M | $46.61M | $33.53M | $31.27M | $49.68M |
| Total Investments | $149.49M | $72.29M | $79.79M | $67.66M | $78.54M | $68.47M | $83.77M | $95.85M | $84.92M | $87.19M | $117.00K | $- | $- | $345.01M | $345.01M | $345.00M | $- |
| Total Debt | $8.80M | $22.49M | $24.09M | $27.41M | $30.57M | $33.55M | $36.39M | $37.36M | $39.14M | $29.83M | $29.43M | $30.04M | $23.50M | $18.20M | $- | $- | $- |
| Net Debt | $-58.87M | $2.20M | $3.41M | $-7.69M | $9.17M | $-8.21M | $14.67M | $11.24M | $-18.75M | $-44.00M | $-154.59M | $-176.58M | $11.77M | $5.07M | $-1.23M | $-1.39M | $-22.20M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|
| Net Income | $-200.99M | $-75.11M | $-71.52M | $-38.24M | $-26.13M |
| Depreciation and Amortization | $6.91M | $7.43M | $7.02M | $4.65M | $4.30M |
| Deferred Income Tax | $- | $- | $- | $-12.68M | $- |
| Stock Based Compensation | $13.07M | $12.41M | $44.81M | $1.93M | $2.59M |
| Change in Working Capital | $-3.08M | $-495.00K | $-2.33M | $158.00K | $-1.92M |
| Accounts Receivables | $2.60M | $1.21M | $-4.69M | $-1.06M | $-2.29M |
| Inventory | $- | $- | $- | $- | $2.00M |
| Accounts Payables | $-1.04M | $895.00K | $-707.00K | $-389.00K | $-2.00M |
| Other Working Capital | $-4.65M | $-2.60M | $3.07M | $1.61M | $367.90K |
| Other Non Cash Items | $133.47M | $5.19M | $-40.67M | $14.89M | $-8.91M |
| Net Cash Provided by Operating Activities | $-50.63M | $-50.58M | $-62.69M | $-29.29M | $-30.07M |
| Investments in Property Plant and Equipment | $-11.10M | $-9.06M | $-22.74M | $-7.01M | $-4.40M |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-224.76M | $-109.25M | $-84.29M | $- | $- |
| Sales Maturities of Investments | $157.50M | $119.08M | $- | $- | $- |
| Other Investing Activities | $- | $- | $-84.29M | $-345.00M | $- |
| Net Cash Used for Investing Activities | $-78.36M | $773.00K | $-107.02M | $-7.01M | $-4.40M |
| Debt Repayment | $-23.33M | $-8.33M | $3.71M | $27.00M | $2.20M |
| Common Stock Issued | $206.34M | $20.54M | $6.07M | $378.00K | $54.02M |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-7.55M | $1.02M | $211.75M | $-1.55M | $54.09M |
| Net Cash Used Provided by Financing Activities | $175.46M | $13.23M | $215.45M | $25.83M | $56.29M |
| Effect of Forex Changes on Cash | $-188.00K | $80.00K | $101.00K | $-5.46K | $72.14K |
| Net Change in Cash | $46.28M | $-36.50M | $45.84M | $11.10M | $21.89M |
| Cash at End of Period | $67.67M | $21.39M | $57.89M | $11.73M | $22.52M |
| Cash at Beginning of Period | $21.39M | $57.89M | $12.05M | $625.84K | $625.84K |
| Operating Cash Flow | $-50.63M | $-50.58M | $-62.69M | $-29.29M | $-30.07M |
| Capital Expenditure | $-11.10M | $-9.06M | $-22.74M | $-7.01M | $-4.40M |
| Free Cash Flow | $-61.73M | $-59.64M | $-85.43M | $-36.30M | $-34.47M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | September 30, 2021 | June 30, 2021 | March 31, 2021 | January 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-152.96M | $-14.83M | $-12.42M | $-20.77M | $-12.57M | $-22.21M | $-16.97M | $-23.35M | $-22.87M | $-28.20M | $-9.97M | $-10.47M | $3.73M | $- | $-7.79M | $-8.23M |
| Depreciation and Amortization | $1.75M | $1.82M | $1.55M | $1.79M | $1.44M | $2.13M | $2.16M | $2.09M | $2.22M | $1.82M | $1.59M | $1.39M | $- | $-1.06M | $1.14M | $1.12M |
| Deferred Income Tax | $- | $- | $- | $- | $-7.49M | $3.79M | $143.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $3.36M | $3.43M | $3.29M | $2.99M | $3.68M | $3.67M | $3.35M | $1.70M | $7.17M | $15.12M | $11.04M | $11.48M | $- | $-495.00K | $597.00K | $-110.59K |
| Change in Working Capital | $4.13M | $3.42M | $-2.24M | $-1.18M | $61.00K | $5.41M | $-6.72M | $754.00K | $-2.07M | $3.31M | $-3.54M | $-25.00K | $- | $- | $251.00K | $1.03M |
| Accounts Receivables | $3.73M | $-1.15M | $-526.00K | $323.00K | $-2.03M | $5.72M | $-3.12M | $431.00K | $-3.25M | $465.00K | $-3.68M | $1.76M | $- | $- | $450.00K | $405.23K |
| Inventory | $- | $- | $- | $- | $272.00K | $-1.09M | $814.00K | $- | $- | $- | $- | $-1.48M | $- | $- | $- | $- |
| Accounts Payables | $- | $277.00K | $-1.42M | $334.00K | $1.11M | $1.09M | $-814.00K | $-484.00K | $-13.00K | $188.00K | $-882.00K | $1.48M | $- | $- | $- | $- |
| Other Working Capital | $397.00K | $4.29M | $-291.00K | $-1.84M | $987.00K | $-306.00K | $-3.60M | $807.00K | $1.19M | $2.65M | $1.02M | $-1.79M | $- | $- | $-199.00K | $621.32K |
| Other Non Cash Items | $135.18M | $-9.26M | $-3.69M | $9.95M | $2.56M | $2.67M | $-39.00K | $3.26M | $1.35M | $-5.44M | $-18.48M | $-18.10M | $-3.73M | $1.56M | $- | $- |
| Net Cash Provided by Operating Activities | $-8.54M | $-15.43M | $-13.52M | $-13.14M | $-12.31M | $-4.54M | $-18.07M | $-15.55M | $-14.21M | $-13.40M | $-19.36M | $-15.72M | $3.73M | $-1.56M | $-5.79M | $-6.20M |
| Investments in Property Plant and Equipment | $-1.28M | $-2.28M | $-2.04M | $-5.49M | $-1.55M | $-1.78M | $-931.00K | $-4.80M | $-3.44M | $-8.66M | $-7.80M | $-2.84M | $- | $- | $-1.49M | $-817.49K |
| Acquisitions Net | $- | $- | $- | $- | $9.20M | $-16.07M | $-13.15M | $10.18M | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-126.31M | $-22.46M | $-48.71M | $-27.29M | $-30.20M | $-21.43M | $-19.09M | $-38.53M | $2.90M | $-87.19M | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $50.00M | $31.00M | $37.50M | $39.00M | $21.00M | $37.49M | $32.24M | $28.35M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $11.71M | $-9.20M | $16.07M | $13.15M | $-10.18M | $2.90M | $-87.19M | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-77.59M | $6.26M | $-13.25M | $6.22M | $-10.75M | $14.29M | $12.22M | $-14.99M | $-544.00K | $-95.84M | $-7.80M | $-2.84M | $- | $- | $-1.49M | $-817.49K |
| Debt Repayment | $-13.84M | $-3.29M | $-3.15M | $-3.04M | $- | $- | $-1.06M | $-1.80M | $- | $- | $- | $5.00M | $- | $- | $12.00M | $- |
| Common Stock Issued | $154.67M | $12.00M | $15.80M | $23.87M | $5.49M | $12.70M | $2.35M | $751.00K | $78.00K | $315.00K | $5.07M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-7.16M | $-14.00K | $-265.00K | $-114.00K | $2.69M | $10.26M | $152.00K | $644.00K | $-1.71M | $-677.00K | $4.32M | $208.44M | $- | $- | $26.00K | $- |
| Net Cash Used Provided by Financing Activities | $133.67M | $8.69M | $12.38M | $20.71M | $2.69M | $10.26M | $1.44M | $-1.15M | $-1.64M | $-677.00K | $4.32M | $213.44M | $- | $- | $12.03M | $- |
| Effect of Forex Changes on Cash | $-148.00K | $72.00K | $-27.00K | $-85.00K | $118.00K | $41.00K | $4.00K | $-83.00K | $320.00K | $-265.00K | $37.00K | $9.00K | $- | $- | $42.00K | $49.06K |
| Net Change in Cash | $47.39M | $-398.00K | $-14.41M | $13.71M | $-20.36M | $20.05M | $-4.41M | $-31.77M | $-16.07M | $-110.18M | $-22.81M | $194.90M | $3.73M | $-1.56M | $4.79M | $-6.97M |
| Cash at End of Period | $67.67M | $20.29M | $20.68M | $35.10M | $21.39M | $41.76M | $21.71M | $26.12M | $57.89M | $73.95M | $184.14M | $206.94M | $3.73M | $-1.56M | $29.18M | $22.52M |
| Cash at Beginning of Period | $20.29M | $20.68M | $35.10M | $21.39M | $41.76M | $21.71M | $26.12M | $57.89M | $73.95M | $184.14M | $206.94M | $12.05M | $- | $- | $24.39M | $29.49M |
| Operating Cash Flow | $-8.54M | $-15.43M | $-13.52M | $-13.14M | $-12.31M | $-4.54M | $-18.07M | $-15.55M | $-14.21M | $-13.40M | $-19.36M | $-15.72M | $3.73M | $-1.56M | $-5.79M | $-6.20M |
| Capital Expenditure | $-1.28M | $-2.28M | $-2.04M | $-5.49M | $-1.55M | $-1.78M | $-931.00K | $-4.80M | $-3.44M | $-8.66M | $-7.80M | $-2.84M | $- | $- | $-1.49M | $-817.49K |
| Free Cash Flow | $-9.83M | $-17.70M | $-15.56M | $-18.63M | $-13.86M | $-6.32M | $-19.00M | $-20.35M | $-17.65M | $-22.05M | $-27.16M | $-18.56M | $3.73M | $-1.56M | $-7.28M | $-7.02M |
Rigetti Computing Dividends
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Rigetti Computing News
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Rigetti Computing: This Quantum Stock Just Popped, We Say Buy (Rating Upgrade)
Rigetti Computing is a leading provider of Superconducting Quantum Computing solutions. The company caters to a large TAM of $1-2 billion prior to 2030, which will increase significantly to $15-30 billion during 2030-40. The company is well on track to achieve its key technology milestones: 36-qubit system by 2Q25 and 108-qubit system by 4Q25.
Deep Analysis Shows Rigetti's High-Risk Growth Horizon (Rating Upgrade)
Rigetti Computing, Inc.'s multi-chip scaling and in-house Fab-1 aim to catch IBM and IonQ, but quantum advantage remains unproven. Intense R&D drives heavy losses. Revenue growth is sluggish, with 2024 down to $10.8M. Annual burn of $60M drains $190M liquidity; watch for equity dilution. Valuation is lofty, but potential alpha justifies a tiny allocation. Cautious macro stance: hold 20–30% in cash equivalents.
Rigetti's Quantum Gamble Enters Critical Phase
Rigetti has dropped 33%, significantly underperforming the market's -7% decline, leading to an upgrade to speculative buy after the pullback. RGTI $200M+ partnership with Quanta aims to accelerate quantum commercialization by boosting R&D, QPU deployment, and securing government and academic contracts over five years. Revenue declined 32% year-over-year to $2.3 million in Q4, while the company reported a $153 million net loss, driven by lower-margin contracts and high expenses.
Better Artificial Intelligence Stock: Rigetti Computing vs. Palantir
Artificial intelligence (AI) has been a hot investment sector, but AI stocks are cooling off as economic uncertainty looms amid President Donald Trump's tariff policies. This presents an opportunity to buy shares in AI companies at a lower price, improving the potential for attractive returns for the long-term investor.
Rigetti Computing: Financial Situation Vastly Improved
Rigetti Computing improved its liquidity through equity offerings, securing $217.2M in cash and investments, and an additional $35M from Quanta Computer, reducing financial risk. Despite a revenue decline in 2024, Rigetti's development milestones, like the first academic sale of its Novera QPU, indicate progress and future potential. The company's strong liquidity position and non-cash liabilities lower its financial risk, but significant revenue growth is still years away.
Rigetti Computing: Why The Stock Is Dropping Despite A Strong Earnings Call
I expect tariffs to drive inflation higher and DOGE cuts to decrease consumer confidence, delaying Fed interest rate cuts until at least 2026. I believe speculative plays like Rigetti Computing, Inc. thrive in bull markets but face challenges during economic contractions, as seen in recent price action post Q4 earnings. I find Rigetti's liquidity position strong, with $217M in reserves and a $250M commitment from Quanta, securing at least three to five years of R&D funding.
Rigetti Computing Earnings: Hard Pass From Me
Rigetti Computing burns cash, has a sky-high valuation at 150x forward sales, and faces relentless share dilution, making it an unattractive investment. The company's near-term prospects hinge on developing scalable quantum systems, but it struggles with revenue growth and financial stability. Despite a partnership with Quanta Computer, Rigetti's shrinking revenue base and likely need for another capital raise weaken its investment appeal.
Rigetti Computing, Inc. (RGTI) Q4 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and Chief Executive Officer Jeffrey Bertelsen - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Shadi Mitwalli - Needham & Company Steven Silverman - TD Cowen Richard Shannon - Craig-Hallum Brian Kinstlinger - Alliance Global Partners David Williams - The Benchmark Company Operator Thank you for standing by, and welcome to Rigetti's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Rigetti Computing Reports Fourth Quarter and Full-Year 2024 Results
BERKELEY, Calif., March 05, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the fourth quarter and year ended December 31, 2024.
Wall Street Bulls Look Optimistic About Rigetti Computing (RGTI): Should You Buy?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Rigetti Computing to Participate in Fireside Chat at Cantor Global Technology Conference
BERKELEY, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be participating in a fireside chat at the Cantor Global Technology Conference on March 12, 2025.
Where Will Rigetti Computing Stock Be in 5 Years?
Major technological breakthroughs can, over time, create trillions in shareholder value. The late 2022 release of OpenAI's ChatGPT is a great example of this phenomenon, as it set off a massive wave of interest in (and investment in) generative artificial intelligence (AI).
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