Rigetti Computing, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:56:05Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Free Cash Flow | -77.22M | -61.73M | -59.64M | -85.43M | -7.97M |
| EBITDA | -76.56M | -61.61M | -64.89M | -102.08M | — |
| Working Capital | 442.61M | 194.89M | 78.61M | 132.72M | 10.51M |
| Net Debt | -37.68M | -58.87M | -721.00K | -27.05M | 15.27M |
| Gross Margin | 29.12% | 52.80% | 76.68% | 78.07% | 80.20% |
| Operating Margin | -1194.41% | -634.94% | -602.06% | -832.54% | -59.85% |
| Net Margin | -3050.37% | -1862.72% | -625.47% | -545.88% | -282.70% |
| Return on Equity (ROE) | -39.58% | -158.77% | -68.54% | -47.61% | 32.39% |
| Return on Assets (ROA) | -32.44% | -70.57% | -46.97% | -35.16% | -49.91% |
| Current Ratio | 37.42× | 17.42× | 3.71× | 7.10× | 2.39× |
| Debt-to-Equity | 0.01× | 0.07× | 0.19× | 0.21× | -0.38× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.27× | 0.25× | 0.67× | 0.88× | 0.04× |
| Accruals Ratio | -0.24× | -0.53× | -0.15× | -0.04× | -0.48× |
| SBC % of Revenue | 248.38% | 121.12% | 103.34% | 342.02% | 21.53% |
| CapEx Coverage | -3.13× | -4.56× | -5.58× | -2.76× | -0.14× |
| Free Cash Flow Per Share | $-0.25 | $-0.33 | $-0.45 | $-0.83 | $-0.34 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenues | — | — | — | 13.10M | 8.20M |
| Cost of Revenue | 5.02M | 5.09M | 2.80M | 2.87M | 1.62M |
| Gross Profit | 2.06M | 5.70M | 9.21M | 10.23M | 6.57M |
| Research and Development Expense | 61.34M | 49.75M | 52.77M | 59.95M | 26.93M |
| Operating Expenses | 86.72M | 74.21M | 81.50M | 119.31M | 40.70M |
| Operating Income (Loss) | -84.66M | -68.51M | -72.30M | -109.08M | -4.90M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -216.21M | -200.99M | -75.11M | -71.52M | -23.17M |
| Earnings Per Share, Basic | $-0.70 | $-1.09 | $-0.57 | $-0.70 | $-1.64 |
| Weighted Average Number of Shares Outstanding, Basic | 309.76M | 184.67M | 131.98M | 102.30M | 23.34M |
| Earnings Per Share, Diluted | $-0.70 | $-1.09 | $-0.57 | $-0.70 | $-1.64 |
| Weighted Average Number of Shares Outstanding, Diluted | 309.76M | 184.67M | 131.98M | 102.30M | 23.34M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 44.85M | 67.67M | 21.39M | 57.89M | 11.73M |
| Assets, Current | 454.76M | 206.76M | 107.67M | 154.47M | 18.07M |
| Assets | 666.57M | 284.79M | 159.91M | 203.44M | 46.43M |
| Long-term Debt | — | — | — | — | 27.00M |
| Liabilities, Current | 12.15M | 11.87M | 29.05M | 21.75M | 7.57M |
| Long-term Debt, Excluding Current Maturities | — | 0 | 9.89M | 20.64M | — |
| Liabilities | 120.38M | 158.20M | 50.33M | 53.22M | 36.43M |
| Stockholders' Equity Attributable to Parent | 546.20M | 126.59M | 109.59M | 150.22M | -71.53M |
| Common Stock, Shares, Outstanding | 331.28M | 283.55M | 147.07M | 125.26M | 18.22M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -58.54M | -50.63M | -50.58M | -62.69M | -961.98K |
| Payments to Acquire Property, Plant, and Equipment | 18.68M | 11.10M | 9.06M | 22.74M | 7.01M |
| Net Cash Provided by (Used in) Investing Activities | -403.33M | -78.36M | 773.00K | -107.02M | -345.00M |
| Net Cash Provided by (Used in) Financing Activities | 439.09M | 175.46M | 13.23M | 215.45M | 346.49M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -20.63M | -19.47M | -57.74M | -38.03M | -16.20M | -9.83M |
| EBITDA | -23.34M | -20.23M | — | — | -19.80M | -16.74M |
| Working Capital | 370.33M | 442.61M | 444.66M | 423.15M | 202.97M | 194.89M |
| Net Debt | -41.36M | -37.68M | -18.54M | -49.17M | -28.75M | -58.87M |
| Gross Margin | 31.32% | 34.90% | 20.75% | 31.43% | 30.03% | 44.11% |
| Operating Margin | -589.80% | -1209.69% | -1055.42% | -1103.94% | -1469.57% | -813.28% |
| Net Margin | 752.48% | -974.68% | -10321.93% | -2201.78% | 2895.31% | -6726.52% |
| Return on Equity (ROE) | 5.67% | -3.33% | -54.05% | -7.17% | 20.58% | -120.83% |
| Return on Assets (ROA) | 5.09% | -2.73% | -31.89% | -6.23% | 15.84% | -53.71% |
| Current Ratio | 6.98× | 37.42× | 39.22× | 41.57× | 18.82× | 17.42× |
| Debt-to-Equity | 0.01× | 0.01× | 0.02× | 0.01× | 0.04× | 0.07× |
| Effective Tax Rate | — | — | — | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | -0.49× | 0.82× | 0.22× | 0.75× | -0.32× | 0.06× |
| Accruals Ratio | 0.08× | -0.01× | -0.25× | -0.02× | 0.21× | -0.51× |
| SBC % of Revenue | 133.86% | 298.61% | 617.72% | 429.09% | 283.56% | 147.93% |
| CapEx Coverage | -3.68× | -3.26× | -3.09× | -3.63× | -5.36× | -6.66× |
| Free Cash Flow Per Share | $-0.06 | $-0.06 | $-0.18 | $-0.13 | $-0.05 | $-0.05 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 3.02M | 1.22M | 1.54M | 1.24M | 1.03M | 1.27M |
| Gross Profit | 1.38M | 652.00K | 404.00K | 566.00K | 442.00K | 1.00M |
| Research and Development Expense | 19.96M | 17.35M | 15.02M | 13.52M | 15.46M | 13.66M |
| Selling, General and Administrative Expense | 7.37M | — | 5.93M | — | 6.62M | — |
| Operating Expenses | 27.33M | 23.25M | 20.95M | 20.45M | 22.07M | 19.50M |
| Operating Income (Loss) | -25.95M | -22.60M | -20.55M | -19.88M | -21.63M | -18.49M |
| Income Tax Expense (Benefit) | — | — | — | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | 33.11M | -18.21M | -200.97M | -39.65M | 42.62M | -152.96M |
| Earnings Per Share, Basic | $0.10 | $-0.05 | $-0.62 | $-0.13 | $0.15 | $-0.81 |
| Weighted Average Number of Shares Outstanding, Basic | 332.06M | 309.76M | 325.02M | 298.25M | 284.70M | 184.67M |
| Earnings Per Share, Diluted | $-0.06 | $-0.05 | $-0.62 | $-0.13 | $0.13 | $-0.81 |
| Weighted Average Number of Shares Outstanding, Diluted | 335.44M | 309.76M | 325.02M | 298.25M | 301.60M | 184.67M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 48.15M | 44.85M | 26.13M | 57.18M | 37.16M | 67.67M |
| Assets, Current | 432.20M | 454.76M | 456.29M | 433.58M | 214.36M | 206.76M |
| Assets | 650.68M | 666.57M | 630.27M | 636.69M | 269.14M | 284.79M |
| Liabilities, Current | 61.88M | 12.15M | 11.63M | 10.43M | 11.39M | 11.87M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | 0 |
| Liabilities | 67.09M | 120.38M | 258.45M | 83.43M | 62.01M | 158.20M |
| Stockholders' Equity Attributable to Parent | 583.60M | 546.20M | 371.83M | 553.26M | 207.13M | 126.59M |
| Common Stock, Shares, Outstanding | 332.31M | 331.28M | 325.31M | 323.76M | 286.97M | 283.55M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -16.22M | -14.90M | -43.64M | -29.82M | -13.65M | -8.54M |
| Payments to Acquire Property, Plant, and Equipment | 4.41M | 4.57M | 14.10M | 8.21M | 2.55M | 1.28M |
| Net Cash Provided by (Used in) Investing Activities | 19.81M | -13.62M | -389.71M | -369.73M | -23.61M | -77.59M |
| Net Cash Provided by (Used in) Financing Activities | 81.00K | 47.17M | 391.91M | 389.10M | 6.93M | 133.67M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RGTI CIK 0001838359),
grouped by financial statement using FASB's base
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concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.