Rigetti Computing, Inc.
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RGTI FY 2025 request
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/api/financials?ticker=RGTI&year=2025&quarter=4&full_year_mode=true
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| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue From Contract With Customer Including Assessed Tax (FY) | — | — | — |
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| Access to quantum computing systems | 412 | 356 | +15.7% |
| Collaborative research and professional services | 6,676 | 8,044 | -17.0% |
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| Single reportable segment | 7,088 | 10,790 | -34.3% |
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| Revenue From Contract With Customer Including Assessed Tax | 7,088 | 10,790 | -34.3% |
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| Transferred Over Time | 7,088 | 9,211 | -23.0% |
| Cost of Revenue (FY) | — | — | — |
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| Cost of Revenue | 5,024 | 5,093 | -1.4% |
| Gross Profit (FY) | — | — | — |
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| Gross Profit | 2,064 | 5,697 | -63.8% |
| Research & Development (FY) | — | — | — |
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| Research & Development | 61,345 | 49,750 | +23.3% |
| General & Administrative (FY) | — | — | — |
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| General & Administrative | 25,379 | 24,457 | +3.8% |
| Operating Expenses (FY) | — | — | — |
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| Operating Expenses | 86,724 | 74,207 | +16.9% |
| Operating Income (FY) | — | — | — |
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| Operating Income | -84,660 | -68,510 | -23.6% |
| Interest Income (FY) | — | — | — |
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| Interest Income | 16,561 | 5,113 | +223.9% |
| Fair Value Adjustment Of Warrants (FY) | — | — | — |
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| Fair Value Adjustment Of Warrants | -150,629 | -90,168 | -67.1% |
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| Private Warrants | -8.2 | -26.8 | +69.4% |
| Public Warrants | -142.4 | -63.3 | -125.0% |
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 (FY) | — | — | — |
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| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 | 2,518 | -43,742 | +105.8% |
| Non-Operating Income (Expense) (FY) | — | — | — |
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| Non-Operating Income (Expense) | -131,550 | -132,478 | +0.7% |
| Income Before Taxes (FY) | — | — | — |
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| Income Before Taxes | -216,210 | -200,988 | -7.6% |
| Net Income (FY) | — | — | — |
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| Single reportable segment | -216,210 | -200,988 | -7.6% |
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| Retained Earnings | -216,210 | -200,988 | -7.6% |
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| Net Income | -216,210 | -200,988 | -7.6% |
| EPS (Basic) (FY) | — | — | — |
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| EPS (Basic) | -0.7 | -1.09 | +35.8% |
| EPS (Diluted) (FY) | — | — | — |
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| EPS (Diluted) | -0.7 | -1.09 | +35.8% |
| Wtd Avg Shares (Basic) (FY) | — | — | — |
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| Warrant | 682,939 | 963,297 | -29.1% |
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| Wtd Avg Shares (Basic) | 309,763 | 184,666 | +67.7% |
| Wtd Avg Shares (Diluted) (FY) | — | — | — |
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| Wtd Avg Shares (Diluted) | 309,763 | 184,666 | +67.7% |
| Revenue (FY) | — | — | — |
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| Single reportable segment · Asia | 189 | 739 | -74.4% |
| Single reportable segment · Europe | 3,167 | 3,725 | -15.0% |
| Single reportable segment · Sales Revenue Net | 7,088 | 10,790 | -34.3% |
| Single reportable segment · US | 3,732 | 6,326 | -41.0% |
| Comprehensive Income (FY) | — | — | — |
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| Comprehensive Income | -215,318 | -201,127 | -7.1% |
| Other Comprehensive Income (FY) | — | — | — |
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| Accumulated Net Unrealized Investment Gain Loss | 923 | 66 | +1298.5% |
| Accumulated Other Comprehensive Income | 892 | -139 | +741.7% |
| Accumulated Translation Adjustment | -31 | -205 | +84.9% |
| Communications And Information Technology (FY) | — | — | — |
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| Single reportable segment | 5,235 | 4,571 | +14.5% |
| Depreciation And Amortization (FY) | — | — | — |
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| Single reportable segment | 8,173 | 6,906 | +18.3% |
| Labor And Related Expense (FY) | — | — | — |
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| Single reportable segment | 32,717 | 28,838 | +13.5% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents (Q) | — | — | — |
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| Cash & Cash Equivalents | 44,851 | 67,674 | -33.7% |
| Debt Securities Available For Sale Excluding Accrued Interest Current (Q) | — | — | — |
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| Available-for-sale investments - long-term | 146,321 | 25,068 | +483.7% |
| Available-for-sale investments - short-term | 398,660 | 124,420 | +220.4% |
| US treasury securities, long term | 146,321 | 25,068 | +483.7% |
| US treasury securities, short term | 398,660 | 124,420 | +220.4% |
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| Debt Securities Available For Sale Excluding Accrued Interest Current | 398,660 | 124,420 | +220.4% |
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| Cash Equivalents | 38,721 | 54,641 | -29.1% |
| Money Market Funds | 38,721 | 29,806 | +29.9% |
| Accounts Receivable (Q) | — | — | — |
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| Accounts Receivable | 2,551 | 2,427 | +5.1% |
| Prepaid Expense Current (Q) | — | — | — |
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| Prepaid Expense Current | 3,186 | 3,156 | +1.0% |
| Other Assets Current (Q) | — | — | — |
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| Other Assets Current | 5,512 | 9,081 | -39.3% |
| Total Current Assets (Q) | — | — | — |
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| Total Current Assets | 454,760 | 206,758 | +119.9% |
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| Debt Securities Available For Sale Excluding Accrued Interest Noncurrent (Q) | — | — | — |
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| Debt Securities Available For Sale Excluding Accrued Interest Noncurrent | 146,321 | 25,068 | +483.7% |
| Property, Plant & Equipment (Q) | — | — | — |
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| Property, Plant & Equipment | 57,051 | 44,643 | +27.8% |
| Operating Lease Right-of-Use Assets (Q) | — | — | — |
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| Operating Lease Right-of-Use Assets | 6,411 | 7,993 | -19.8% |
| Total Assets (Q) | — | — | — |
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| Total Assets | 666,574 | 284,787 | +134.1% |
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| Other Assets (Q) | — | — | — |
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| Other Assets | 2,031 | 325 | +524.9% |
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| Accounts Payable (Q) | — | — | — |
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| Accounts Payable | 3,488 | 1,590 | +119.4% |
| Accounts Payable And Other Accrued Liabilities Current (Q) | — | — | — |
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| Accounts Payable And Other Accrued Liabilities Current | 5,582 | 8,005 | -30.3% |
| Deferred Revenue (Current) (Q) | — | — | — |
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| Deferred Revenue (Current) | 847 | 113 | +649.6% |
| Operating Lease Liability Current (Q) | — | — | — |
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| Operating Lease Liability Current | 2,235 | 2,159 | +3.5% |
| Total Current Liabilities (Q) | — | — | — |
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| Total Current Liabilities | 12,152 | 11,867 | +2.4% |
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| Contract With Customer Liability Noncurrent (Q) | — | — | — |
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| Contract With Customer Liability Noncurrent | 698 | 698 | 0.0% |
| Operating Lease Liabilities (Q) | — | — | — |
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| Operating Lease Liabilities | 4,932 | 6,641 | -25.7% |
| Derivative Liabilities Noncurrent (Q) | — | — | — |
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| Derivative Liabilities Noncurrent | 102,593 | 93,095 | +10.2% |
| Total Liabilities (Q) | — | — | — |
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| Total Liabilities | 120,375 | 158,198 | -23.9% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
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| Common Stock | 33 | 29 | +13.8% |
| Additional Paid In Capital Common Stock (Q) | — | — | — |
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| Additional Paid In Capital Common Stock | 1,316,126 | 681,202 | +93.2% |
| Accumulated Other Comprehensive Income (Q) | — | — | — |
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| Accumulated Other Comprehensive Income | 997 | 105 | +849.5% |
| Retained Earnings (Q) | — | — | — |
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| Retained Earnings | -770,957 | -554,747 | -39.0% |
| Total Stockholders' Equity (Q) | — | — | — |
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| Accumulated Net Unrealized Investment Gain Loss | 1,000 | 77 | +1198.7% |
| Accumulated Other Comprehensive Income | 997 | 105 | +849.5% |
| Accumulated Translation Adjustment | -3 | 28 | -110.7% |
| Additional Paid In Capital | 1,316,126 | 681,202 | +93.2% |
| Common Stock | 33 | 29 | +13.8% |
| Retained Earnings | -770,957 | -554,747 | -39.0% |
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| Total Stockholders' Equity | 546,199 | 126,589 | +331.5% |
| Total Liabilities & Equity (Q) | — | — | — |
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| Total Liabilities & Equity | 666,574 | 284,787 | +134.1% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
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| Operating Activities | |||
| Net Income (FY) | — | — | — |
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| Net Income | -216,210 | -200,988 | -7.6% |
| Depreciation (FY) | — | — | — |
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| Depreciation | 8,169 | 6,906 | +18.3% |
| Stock-Based Compensation (FY) | — | — | — |
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| Stock-Based Compensation | 17,605 | 13,069 | +34.7% |
| Debt Securities Available For Sale Unrealized Gain Loss (FY) | — | — | — |
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| Debt Securities Available For Sale Unrealized Gain Loss | -9,918 | -3,622 | -173.8% |
| Non Cash Lease Expense (FY) | — | — | — |
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| Non Cash Lease Expense | 1,582 | 1,909 | -17.1% |
| Change in Accounts Receivable (FY) | — | — | — |
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| Change in Accounts Receivable | -124 | 2,602 | -104.8% |
| Change in Prepaid & Other Assets (FY) | — | — | — |
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| Change in Prepaid & Other Assets | -4,440 | -2,434 | -82.4% |
| Change in Deferred Revenue (FY) | — | — | — |
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| Change in Deferred Revenue | 734 | 468 | +56.8% |
| Change in Accounts Payable (FY) | — | — | — |
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| Change in Accounts Payable | 111 | -1,036 | +110.7% |
| Increase Decrease In Accrued Expenses And Other Current Liabilities (FY) | — | — | — |
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| Increase Decrease In Accrued Expenses And Other Current Liabilities | -4,163 | -2,681 | -55.3% |
| Net Cash from Operations (FY) | — | — | — |
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| Net Cash from Operations | -58,543 | -50,627 | -15.6% |
| Depreciation & Amortization (FY) | — | — | — |
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| Depreciation & Amortization | 8.1 | 6.9 | +17.4% |
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| Capital Expenditures (FY) | — | — | — |
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| Capital Expenditures | -18,676 | -11,098 | -68.3% |
| Purchases of Investments (FY) | — | — | — |
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| Purchases of Investments | -635,652 | -224,764 | -182.8% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities (FY) | — | — | — |
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| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 251,000 | 157,500 | +59.4% |
| Net Cash from Investing (FY) | — | — | — |
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| Net Cash from Investing | -403,328 | -78,362 | -414.7% |
| Financing Activities | |||
| Proceeds From Issuance Of Common Stock (FY) | — | — | — |
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| At The Market Offering Agreement | 350 | 100 | +250.0% |
| Registered direct offering | 100 | — | — |
| Proceeds From Sale Of Common Stock From Sales Through At Market Offering (FY) | — | — | — |
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| Proceeds From Sale Of Common Stock From Sales Through At Market Offering | 346,719 | 97,500 | +255.6% |
| Proceeds From Sale Of Common Stock Through Registered Direct Offering (FY) | — | — | — |
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| Registered direct offering | 96 | — | — |
| Proceeds From Issuance Of Private Placement (FY) | — | — | — |
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| Proceeds From Issuance Of Private Placement | 35,000 | — | — |
| Payment Of Deferred Offering Costs (FY) | — | — | — |
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| Payment Of Deferred Offering Costs | -888 | -1,833 | +51.6% |
| Proceeds Payments Related To Tax Withholdings On Sell To Cover Equity Award Transactions (FY) | — | — | — |
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| Proceeds Payments Related To Tax Withholdings On Sell To Cover Equity Award Transactions | 6,272 | -6,272 | +200.0% |
| Proceeds From Stock Options Exercised (FY) | — | — | — |
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| Proceeds From Stock Options Exercised | 1,992 | 552 | +260.9% |
| Proceeds From Warrant Exercises (FY) | — | — | — |
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| Proceeds From Warrant Exercises | 49,991 | 2 | +2499450.0% |
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| Public Warrants | 50 | — | — |
| Net Cash from Financing (FY) | — | — | — |
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| Net Cash from Financing | 439,086 | 175,459 | +150.2% |
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| Purchases Of Property And Equipment Recorded In Accounts Payable (FY) | — | — | — |
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| Purchases Of Property And Equipment Recorded In Accounts Payable | 2,254 | 466 | +383.7% |
| Purchases Of Property And Equipment Recorded In Accrued Expense (FY) | — | — | — |
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| Purchases Of Property And Equipment Recorded In Accrued Expense | 259 | 150 | +72.7% |
| Reclassification Of Earnout Liabilities To Additional Paid In Capital For Vesting Of Sponsor Vesting Shares (FY) | — | — | — |
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| Reclassification Of Earnout Liabilities To Additional Paid In Capital For Vesting Of Sponsor Vesting Shares | 43,379 | — | — |
| Adjustment To Additional Paid In Capital Reclassification Of Derivative Liabilities Upon Exercise Of Public Warrants (FY) | — | — | — |
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| Adjustment To Additional Paid In Capital Reclassification Of Derivative Liabilities Upon Exercise Of Public Warrants | 141,130 | — | — |
| Unrealized Gain Loss On Investments (FY) | — | — | — |
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| Unrealized Gain Loss On Investments | 923 | 66 | +1298.5% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (FY) | — | — | — |
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| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -38 | -188 | +79.8% |
| Net Change in Cash (FY) | — | — | — |
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| Net Change in Cash | -22,823 | 46,282 | -149.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (Q) | — | — | — |
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| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | 44,851 | 67,674 | -33.7% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.