Rigetti Computing (RGTI) Financials

$26.42 +4.38 (+19.87%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$25.85 -0.57 (-2.15%)

As of 05/22/2026 07:59 PM Eastern

Annual Income Statements for Rigetti Computing

This table shows Rigetti Computing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-23	-72	-75	-201	-216
Consolidated Net Income / (Loss)	-46	-72	-75	-201	-216
Net Income / (Loss) Continuing Operations	-23	-72	-75	-201	-216
Total Pre-Tax Income	-23	-72	-75	-201	-216
Total Operating Income	-4.90	-109	-72	-69	-85
Total Gross Profit	0.00	10	9.21	5.70	2.06
Total Revenue	0.00	13	12	11	7.09
Operating Revenue	-	13	12	11	7.09
Total Cost of Revenue	0.00	2.87	2.80	5.09	5.02
Operating Cost of Revenue	-	2.87	2.80	5.09	5.02
Total Operating Expenses	4.90	119	82	74	87
Selling, General & Admin Expense	4.90	54	28	24	25
Research & Development Expense	-	60	53	50	61
Total Other Income / (Expense), net	-18	38	-2.81	-132	-132
Interest Expense	-	5.29	5.78	3.68	0.00
Interest & Investment Income	0.02	2.43	5.08	5.11	17
Other Income / (Expense), net	-18	40	-2.11	-134	-148
Income Tax Expense	-	0.00	0.00	0.00	0.00
Basic Earnings per Share	($0.62)	($0.70)	($0.57)	($1.09)	($0.70)
Weighted Average Basic Shares Outstanding	0.00	102.30M	131.98M	184.67M	309.76M
Diluted Earnings per Share	($1.24)	($0.70)	($0.57)	($1.09)	($0.70)
Weighted Average Diluted Shares Outstanding	0.00	102.30M	131.98M	184.67M	309.76M
Weighted Average Basic & Diluted Shares Outstanding	37.07M	102.30M	131.98M	285.83M	332.15M

This table shows Rigetti Computing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Consolidated Net Income / (Loss)	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Net Income / (Loss) Continuing Operations	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Total Pre-Tax Income	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Total Operating Income	-17	-17	-17	-16	-17	-18	-22	-20	-21	-23	-26
Total Gross Profit	2.27	2.52	1.50	1.99	1.20	1.00	0.44	0.57	0.40	0.65	1.38
Total Revenue	3.11	3.38	3.05	3.09	2.38	2.27	1.47	1.80	1.95	1.87	4.40
Operating Revenue	3.11	3.38	3.05	3.09	2.38	2.27	1.47	1.80	1.95	1.87	4.40
Total Cost of Revenue	0.83	0.86	1.55	1.10	1.17	1.27	1.03	1.24	1.54	1.22	3.02
Operating Cost of Revenue	0.83	0.86	1.55	1.10	1.17	1.27	1.03	1.24	1.54	1.22	3.02
Total Operating Expenses	19	20	18	18	19	19	22	20	21	23	27
Selling, General & Admin Expense	6.05	6.94	6.61	6.21	5.80	5.84	6.62	6.93	5.93	5.90	7.37
Research & Development Expense	13	13	11	12	13	14	15	14	15	17	20
Total Other Income / (Expense), net	-5.38	4.64	-4.19	3.66	2.51	-134	64	-20	-180	4.39	59
Interest & Investment Income	1.26	1.33	1.12	1.22	1.23	1.55	2.15	3.04	5.60	5.77	5.36
Other Income / (Expense), net	-5.17	4.57	-4.20	3.42	2.02	-135	62	-23	-186	-1.38	54
Basic Earnings per Share	($0.17)	($0.08)	($0.14)	($0.07)	($0.08)	($0.80)	$0.15	($0.13)	($0.62)	($0.10)	$0.10
Weighted Average Basic Shares Outstanding	133.87M	131.98M	151.86M	171.90M	188.39M	184.67M	284.70M	298.25M	325.02M	309.76M	332.06M
Diluted Earnings per Share	$0.00	($0.25)	($0.14)	($0.07)	($0.08)	($0.88)	$0.13	($0.13)	($0.62)	($0.08)	($0.06)
Weighted Average Diluted Shares Outstanding	0.00	131.98M	151.86M	171.90M	188.39M	184.67M	301.60M	298.25M	325.02M	309.76M	335.44M
Weighted Average Basic & Diluted Shares Outstanding	133.87M	131.98M	151.86M	191.24M	192.30M	285.83M	290.32M	324.17M	330.03M	332.15M	332.40M

This table details how cash moves in and out of Rigetti Computing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.53	46	-36	46	-23
Net Cash From Operating Activities	-0.96	-63	-51	-51	-59
Net Cash From Continuing Operating Activities	-0.96	-63	-51	-51	-59
Net Income / (Loss) Continuing Operations	-23	-72	-75	-201	-216
Consolidated Net Income / (Loss)	-23	-72	-75	-201	-216
Depreciation Expense	-	7.02	7.43	6.91	8.17
Amortization Expense	-	1.47	1.45	0.84	0.00
Non-Cash Adjustments To Reconcile Net Income	18	22	15	102	160
Changes in Operating Assets and Liabilities, net	3.94	-22	0.45	41	-10
Net Cash From Investing Activities	-345	-107	0.77	-78	-403
Net Cash From Continuing Investing Activities	-345	-107	0.77	-78	-403
Purchase of Property, Plant & Equipment	-	-23	-9.06	-11	-19
Purchase of Investments	-	-84	-109	-225	-636
Sale and/or Maturity of Investments	-	0.00	119	158	251
Net Cash From Financing Activities	346	215	13	175	439
Net Cash From Continuing Financing Activities	346	215	13	175	439
Repayment of Debt	-0.28	-1.38	-8.33	-23	0.00
Issuance of Common Equity	354	6.07	22	206	382
Other Financing Activities, net	-	206	-0.11	-7.55	57
Effect of Exchange Rate Changes	-	0.10	0.08	-0.19	-0.04
Cash Interest Paid	-	3.82	4.34	2.35	0.00

This table details how cash moves in and out of Rigetti Computing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	20	-20	14	-14	-0.40	47	-31	20	-31	19	3.30
Net Cash From Operating Activities	-4.54	-12	-13	-14	-15	-8.54	-14	-16	-14	-15	-16
Net Cash From Continuing Operating Activities	-4.54	-12	-13	-14	-15	-8.54	-14	-16	-14	-15	-16
Net Income / (Loss) Continuing Operations	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Consolidated Net Income / (Loss)	-22	-13	-21	-12	-15	-153	43	-40	-201	-18	33
Depreciation Expense	2.13	1.05	1.79	1.55	1.82	1.75	1.83	1.89	2.07	2.37	2.62
Non-Cash Adjustments To Reconcile Net Income	7.98	0.11	5.11	0.66	2.00	94	-50	23	183	4.47	-49
Changes in Operating Assets and Liabilities, net	7.14	-1.35	0.44	-3.55	-4.61	48	-7.97	-0.94	2.05	-3.54	-3.16
Net Cash From Investing Activities	14	-11	6.22	-13	6.27	-78	-24	-346	-20	-14	20
Net Cash From Continuing Investing Activities	14	-11	6.22	-13	6.27	-78	-24	-346	-20	-14	20
Purchase of Property, Plant & Equipment	-1.78	-1.55	-5.49	-2.05	-2.28	-1.28	-2.55	-5.67	-5.89	-4.57	-4.41
Purchase of Investments	-21	-30	-27	-49	-22	-126	-44	-394	-84	-113	-101
Sale and/or Maturity of Investments	37	21	39	38	31	50	23	54	70	104	125
Net Cash From Financing Activities	10	2.69	21	12	8.69	134	6.94	382	2.82	47	0.08
Net Cash From Continuing Financing Activities	10	2.69	21	12	8.69	134	6.94	382	2.82	47	0.08
Other Financing Activities, net	-	-	-0.11	-0.27	-0.03	-7.63	6.94	0.44	2.82	47	0.08
Effect of Exchange Rate Changes	0.04	0.12	-0.09	-0.03	0.07	-0.15	-0.19	0.15	-0.07	0.07	-0.38

This table presents Rigetti Computing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	0.04	46	203	160	285	667
Total Current Assets	0.01	18	154	108	207	455
Cash & Equivalents	0.00	12	58	21	68	45
Short-Term Investments	-	0.00	85	79	124	399
Accounts Receivable	-	1.54	6.24	5.03	2.43	2.55
Prepaid Expenses	0.01	1.35	2.45	1.94	3.16	3.19
Other Current Assets	-	3.45	2.97	0.77	9.08	5.51
Plant, Property, & Equipment, net	0.00	22	40	44	45	57
Total Noncurrent Assets	0.03	5.86	9.45	7.76	33	155
Long-Term Investments	-	-	-	0.00	25	146
Other Noncurrent Operating Assets	0.03	0.48	9.45	7.76	8.32	8.44
Total Liabilities & Shareholders' Equity	0.04	46	203	160	285	667
Total Liabilities	0.03	36	53	50	158	120
Total Current Liabilities	0.03	7.57	22	29	12	12
Accounts Payable	0.00	5.78	10	14	9.60	9.07
Current Deferred Revenue	-	0.99	0.96	0.34	0.11	0.85
Other Current Liabilities	-	0.23	2.35	2.21	2.16	2.24
Total Noncurrent Liabilities	0.00	110	31	21	146	108
Noncurrent Deferred Revenue	-	-	-	0.00	0.70	0.70
Other Noncurrent Operating Liabilities	0.00	86	11	11	146	108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.01	-72	150	110	127	546
Total Preferred & Common Equity	0.01	-72	150	110	127	546
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	0.01	-72	150	110	127	546
Common Stock	0.03	136	429	463	681	1,316
Retained Earnings	-0.01	-207	-279	-354	-555	-771
Accumulated Other Comprehensive Income / (Loss)	-	0.05	-0.16	0.24	0.11	1.00

This table presents Rigetti Computing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	213	182	168	165	162	162	157	269	637	630	651
Total Current Assets	170	130	118	117	110	110	104	214	434	456	432
Cash & Equivalents	74	26	22	42	35	21	20	37	57	26	48
Short-Term Investments	87	96	84	68	68	80	72	172	369	421	370
Accounts Receivable	2.30	5.32	7.63	3.00	4.71	5.23	6.38	1.07	1.75	2.28	4.38
Prepaid Expenses	3.63	1.76	3.34	3.47	2.58	3.96	4.90	2.12	3.06	3.66	2.24
Other Current Assets	2.67	1.22	1.09	0.00	-	-	-	2.04	3.03	3.38	7.34
Plant, Property, & Equipment, net	37	43	41	40	45	46	45	46	49	54	58
Total Noncurrent Assets	5.62	9.07	8.68	8.16	7.46	7.09	8.55	8.68	154	120	161
Long-Term Investments	-	-	-	-	-	-	-	0.00	146	112	151
Other Noncurrent Operating Assets	0.25	9.07	8.68	8.16	7.46	7.09	8.55	8.68	8.34	7.96	10
Total Liabilities & Shareholders' Equity	213	182	168	165	162	162	157	269	637	630	651
Total Liabilities	47	52	49	53	47	40	34	62	83	258	67
Total Current Liabilities	16	23	21	23	25	26	21	11	10	12	62
Accounts Payable	8.66	10	7.50	8.84	9.71	9.45	7.19	9.07	8.11	9.42	9.67
Current Deferred Revenue	0.81	0.56	0.83	0.47	0.13	0.84	0.89	0.15	0.12	0.00	1.06
Other Current Liabilities	0.00	2.35	2.35	2.21	2.22	2.23	2.14	2.18	2.20	2.22	51
Total Noncurrent Liabilities	30	29	28	29	22	15	13	51	73	247	5.21
Noncurrent Deferred Revenue	-	-	-	-	-	-	-	0.70	0.70	0.70	0.70
Other Noncurrent Operating Liabilities	7.48	12	12	16	15	11	11	50	72	246	4.51
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	166	129	118	113	116	122	123	207	553	372	584
Total Preferred & Common Equity	166	129	118	113	116	122	123	207	553	372	584
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	166	129	118	113	116	122	123	207	553	372	584
Common Stock	422	431	437	454	490	509	524	719	1,105	1,124	1,322
Retained Earnings	-256	-302	-319	-341	-375	-387	-402	-512	-552	-753	-738
Accumulated Other Comprehensive Income / (Loss)	-0.53	-0.01	0.00	0.07	0.14	0.12	0.25	-0.09	0.13	0.69	-0.71

This table displays calculated financial ratios and metrics derived from Rigetti Computing's official financial filings.

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	330,026,078.00
DEI Adjusted Shares Outstanding	-	-	-	-	330,026,078.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-0.66
Growth Metrics	-	-	-	-	-
Profitability Metrics	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-3.43	-76	-51	-48	-59
Return On Investment Capital (ROIC_SIMPLE)	-	-	-38.44%	-37.88%	-10.85%
Earnings before Interest and Taxes (EBIT)	-23	-69	-74	-202	-233
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-23	-60	-66	-195	-225
Valuation Ratios	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-171	-46	74	-106
Efficiency Ratios	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	-58	36	32	-91	-44
Increase / (Decrease) in Invested Capital	0.00	95	-4.63	-122	47
Book Value per Share	($1.66)	$1.27	$0.78	$0.66	$1.66
Tangible Book Value per Share	($1.78)	$1.27	$0.78	$0.66	$1.66
Total Capital	-47	179	132	127	546
Total Debt	25	29	22	0.00	0.00
Total Long-Term Debt	24	21	9.89	0.00	0.00
Net Debt	13	-114	-78	-217	-590
Capital Expenditures (CapEx)	0.00	23	9.06	11	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.65	-1.79	-9.15	2.80	-0.90
Debt-free Net Working Capital (DFNWC)	11	141	91	195	443
Net Working Capital (NWC)	11	133	79	195	443
Net Nonoperating Expense (NNE)	43	-4.84	25	153	157
Net Nonoperating Obligations (NNO)	13	-114	-78	-217	-590
Total Depreciation and Amortization (D&A)	0.00	8.49	8.88	7.75	8.17
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.62)	($0.70)	($0.57)	($1.09)	($0.70)
Adjusted Weighted Average Basic Shares Outstanding	0.00	102.30M	131.98M	184.67M	309.76M
Adjusted Diluted Earnings per Share	($1.24)	($0.70)	($0.57)	($1.09)	($0.70)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	102.30M	131.98M	184.67M	309.76M
Adjusted Basic & Diluted Earnings per Share	($1.24)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.07M	102.30M	131.98M	285.83M	332.15M
Normalized Net Operating Profit after Tax (NOPAT)	-3.43	-73	-50	-48	-59
Debt Service Ratios	-	-	-	-	-
Payout Ratios	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Rigetti Computing's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	330,026,078.00	332,150,557.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	330,026,078.00	332,150,557.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-0.06	0.10
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.73%	-44.31%	38.66%	-7.24%	-23.41%	-32.62%	-51.77%	-41.64%	-18.12%	-	198.91%
EBITDA Growth	-22.50%	43.95%	9.62%	23.10%	31.58%	-1,250.85%	326.13%	-275.23%	-1,436.26%	-	-28.22%
EBIT Growth	-19.85%	44.24%	10.29%	23.63%	30.35%	-1,116.04%	294.66%	-236.99%	-1,247.81%	-	-31.44%
NOPAT Growth	46.26%	35.62%	24.68%	0.93%	-3.05%	-7.48%	-86.33%	-23.61%	-18.47%	-	-19.97%
Net Income Growth	-18.45%	45.03%	11.05%	26.79%	33.23%	-1,116.68%	305.17%	-219.25%	-1,254.87%	-	-22.31%
EPS Growth	100.00%	-150.00%	26.32%	46.15%	0.00%	-252.00%	192.86%	-85.71%	-675.00%	-	-146.15%
Operating Cash Flow Growth	66.11%	12.57%	15.49%	25.20%	-239.80%	31.21%	-3.90%	-19.62%	10.40%	-	-18.79%
Free Cash Flow Firm Growth	94.78%	93.47%	90.40%	72.68%	-587.04%	1,575.45%	243.53%	538.63%	855.98%	-	-440.65%
Invested Capital Growth	-21.94%	-12.75%	-8.29%	-3.93%	60.78%	-385.57%	-106.23%	-148.25%	-529.49%	-	830.80%
Revenue Q/Q Growth	-6.67%	8.70%	-9.57%	1.11%	-22.94%	-4.37%	-35.27%	22.35%	8.11%	-	135.55%
EBITDA Q/Q Growth	-37.59%	42.25%	-66.46%	41.86%	-22.41%	-1,040.27%	127.87%	-196.47%	-401.18%	-	240.53%
EBIT Q/Q Growth	-32.63%	42.59%	-64.55%	39.05%	-20.96%	-902.45%	126.34%	-205.51%	-383.81%	-	215.72%
NOPAT Q/Q Growth	-3.67%	-2.23%	3.61%	3.01%	-7.84%	-6.62%	-67.10%	35.66%	-3.35%	-	-64.06%
Net Income Q/Q Growth	-30.94%	43.41%	-65.23%	40.21%	-19.42%	-931.22%	127.86%	-193.04%	-406.80%	-	281.85%
EPS Q/Q Growth	100.00%	0.00%	-75.00%	50.00%	100.00%	0.00%	114.77%	-200.00%	-376.92%	-	25.00%
Operating Cash Flow Q/Q Growth	74.88%	-173.59%	-5.78%	-2.88%	-14.13%	44.62%	-59.77%	-18.45%	14.52%	-	-8.82%
Free Cash Flow Firm Q/Q Growth	88.27%	-77.96%	-17.48%	-11.42%	-194.95%	482.17%	-88.57%	240.51%	408.33%	-	32.17%
Invested Capital Q/Q Growth	-31.65%	17.05%	1.30%	18.55%	14.38%	-307.90%	97.79%	-818.95%	-918.08%	-	133.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.14%	74.55%	49.15%	64.48%	50.63%	44.11%	30.03%	31.43%	20.75%	-	31.32%
EBITDA Margin	-626.57%	-332.92%	-612.84%	-352.37%	-559.76%	-6,674.63%	2,873.37%	-2,265.52%	-10,502.93%	-	690.02%
Operating Margin	-542.09%	-509.84%	-543.41%	-521.22%	-729.44%	-813.28%	-1,469.57%	-1,103.94%	-1,055.42%	-	-589.80%
EBIT Margin	-708.70%	-374.34%	-681.16%	-410.56%	-644.49%	-6,756.16%	2,749.12%	-2,370.68%	-10,609.45%	-	630.59%
Profit (Net Income) Margin	-715.46%	-372.50%	-680.64%	-402.50%	-623.76%	-6,726.52%	2,895.31%	-2,201.78%	-10,321.93%	-	752.48%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Interest Burden Percent	100.95%	99.51%	99.92%	98.03%	96.78%	99.56%	105.32%	92.88%	97.29%	-	119.33%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Return on Invested Capital (ROIC)	-180.40%	-125.92%	-145.67%	-118.45%	-171.85%	0.00%	-898.48%	-621.45%	0.00%	-	-936.49%
ROIC Less NNEP Spread (ROIC-NNEP)	-170.78%	-125.37%	-135.36%	-117.02%	-168.58%	0.00%	-942.40%	-613.60%	0.00%	-	-951.67%
Return on Net Nonoperating Assets (RNNOA)	132.89%	92.52%	98.27%	79.20%	118.00%	0.00%	854.42%	595.70%	0.00%	-	936.49%
Return on Equity (ROE)	-47.52%	-33.39%	-47.40%	-39.25%	-53.84%	-170.20%	-44.06%	-25.76%	-141.90%	-	0.00%
Cash Return on Invested Capital (CROIC)	-160.65%	-135.08%	-130.73%	-116.13%	-179.80%	0.00%	0.00%	0.00%	0.00%	-	-539.83%
Operating Return on Assets (OROA)	-55.11%	-24.74%	-50.92%	-31.40%	-47.53%	-327.86%	117.42%	-47.02%	-201.92%	-	13.73%
Return on Assets (ROA)	-55.64%	-24.62%	-50.88%	-30.78%	-46.00%	-326.42%	123.67%	-43.67%	-196.44%	-	16.39%
Return on Common Equity (ROCE)	-47.52%	-33.39%	-47.40%	-39.25%	-53.84%	-170.20%	-44.06%	-25.76%	-141.90%	-	0.00%
Return on Equity Simple (ROE_SIMPLE)	-75.79%	0.00%	-62.75%	-55.65%	-49.33%	0.00%	-66.43%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	-12	-12	-12	-11	-12	-13	-22	-14	-14	-16	-26
NOPAT Margin	-379.47%	-356.89%	-380.39%	-364.86%	-510.61%	-569.30%	-1,469.57%	-772.76%	-738.79%	-	-589.80%
Net Nonoperating Expense Percent (NNEP)	-9.62%	-0.55%	-10.30%	-1.43%	-3.26%	-94.91%	43.92%	-7.85%	-58.47%	-	15.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-9.15%	-	-	-	-10.23%	-10.44%	-2.52%	-3.87%	-2.90%	-4.45%
Cost of Revenue to Revenue	26.86%	25.45%	50.85%	35.52%	49.37%	55.89%	69.97%	68.57%	79.25%	-	68.68%
SG&A Expenses to Revenue	194.75%	205.54%	216.71%	201.07%	243.82%	256.82%	449.66%	384.56%	304.73%	-	167.55%
R&D to Revenue	420.48%	378.84%	375.85%	384.64%	536.25%	600.57%	1,049.93%	750.81%	771.44%	-	453.57%
Operating Expenses to Revenue	615.23%	584.39%	592.56%	585.71%	780.07%	857.39%	1,499.59%	1,135.37%	1,076.17%	-	621.11%
Earnings before Interest and Taxes (EBIT)	-22	-13	-21	-13	-15	-154	40	-43	-207	-24	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-19	-11	-19	-11	-13	-152	42	-41	-204	-22	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.57	1.26	2.10	1.51	1.22	23.18	10.93	6.22	25.97	-	7.99
Price to Tangible Book Value (P/TBV)	1.57	1.26	2.10	1.51	1.22	23.18	10.93	6.22	25.97	-	7.99
Price to Revenue (P/Rev)	12.04	11.53	18.90	14.58	12.59	271.96	245.79	434.48	1,288.61	-	465.59
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.37	1.91	4.97	2.62	1.62	0.00	0.00	0.00	0.00	-	280.13
Enterprise Value to Revenue (EV/Rev)	6.21	5.05	12.41	7.92	5.93	251.83	223.09	362.35	1,214.03	-	408.79
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	36.56	0.00	1,238.18	52.20	-	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.22	0.20	0.17	0.13	0.11	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.12	0.09	0.06	0.03	0.02	0.00	0.00	0.00	0.00	-	0.00
Financial Leverage	-0.78	-0.74	-0.73	-0.68	-0.70	-1.25	-0.91	-0.97	-1.29	-	-0.98
Leverage Ratio	1.36	1.40	1.40	1.37	1.37	1.88	1.34	1.18	1.59	-	1.16
Compound Leverage Factor	1.37	1.39	1.40	1.35	1.33	1.87	1.41	1.10	1.55	-	1.39
Debt to Total Capital	17.94%	16.76%	14.32%	11.84%	9.77%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Short-Term Debt to Total Capital	8.39%	9.24%	9.50%	9.41%	8.26%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	9.55%	7.52%	4.82%	2.43%	1.51%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	82.06%	83.24%	85.68%	88.16%	90.23%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Debt to EBITDA	-0.33	-0.34	-0.30	-0.27	-0.25	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	1.15	1.19	1.31	1.39	1.46	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	-0.18	-0.15	-0.10	-0.06	-0.04	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	-0.43	-0.44	-0.41	-0.35	-0.28	0.00	0.00	0.00	0.00	-	0.00
Net Debt to NOPAT	1.49	1.54	1.78	1.80	1.68	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	-0.23	-0.20	-0.14	-0.07	-0.04	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	-0.54	-1.04	0.19	-0.15	-0.58	7.48	20.68	24.14	20.52	-	40.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.06	3.71	4.42	4.29	4.84	17.42	18.82	41.57	39.22	-	6.98
Quick Ratio	4.91	3.61	4.32	4.14	4.61	16.39	18.45	40.99	38.62	-	6.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.16	-7.41	-8.71	-9.70	-29	109	12	43	216	-63	-43
Operating Cash Flow to CapEx	-255.63%	-802.39%	-239.20%	-660.98%	-677.22%	-666.46%	-535.96%	-285.32%	-234.71%	-	-367.63%
Free Cash Flow to Firm to Interest Expense	-2.83	-5.84	-7.87	-10.01	-39.03	125.39	0.00	0.00	0.00	-	0.00
Operating Cash Flow to Interest Expense	-3.08	-9.80	-11.87	-13.95	-21.05	-9.80	0.00	0.00	0.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	-4.29	-11.02	-16.83	-16.06	-24.15	-11.27	0.00	0.00	0.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.08	0.07	0.07	0.08	0.07	0.05	0.04	0.02	0.02	-	0.02
Accounts Receivable Turnover	5.55	2.13	2.57	1.96	2.54	2.89	3.19	2.27	1.73	-	3.68
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	0.38	0.29	0.30	0.29	0.28	0.24	0.20	0.17	0.15	-	0.19
Accounts Payable Turnover	0.31	0.23	0.38	0.51	0.58	0.43	0.49	0.54	0.61	-	0.75
Days Sales Outstanding (DSO)	65.72	171.19	142.29	186.01	143.96	126.11	114.41	160.85	210.92	-	99.19
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	1,160.68	1,595.44	955.20	712.85	624.62	857.50	749.80	680.64	596.51	-	487.28
Cash Conversion Cycle (CCC)	-1,094.96	-1,424.25	-812.91	-526.83	-480.66	-731.39	-635.39	-519.78	-385.59	-	-388.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	27	32	32	38	44	-91	-2.00	-18	-187	-44	15
Invested Capital Turnover	0.48	0.35	0.38	0.32	0.34	-0.37	0.61	0.80	-0.10	-	1.59
Increase / (Decrease) in Invested Capital	-7.62	-4.63	-2.90	-1.56	16	-122	-34	-56	-231	47	17
Enterprise Value (EV)	91	61	160	100	70	2,717	2,055	2,872	9,098	-	4,094
Market Capitalization	177	138	243	184	150	2,934	2,264	3,443	9,657	-	4,663
Book Value per Share	$0.85	$0.78	$0.73	$0.71	$0.64	$0.66	$0.72	$1.91	$1.15	$1.66	$1.76
Tangible Book Value per Share	$0.85	$0.78	$0.73	$0.71	$0.64	$0.66	$0.72	$1.91	$1.15	$1.66	$1.76
Total Capital	137	132	135	139	136	127	207	553	372	546	584
Total Debt	25	22	19	16	13	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	13	9.89	6.50	3.36	2.06	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-86	-78	-83	-84	-79	-217	-209	-572	-559	-590	-569
Capital Expenditures (CapEx)	1.78	1.55	5.49	2.05	2.28	1.28	2.55	5.67	5.89	4.57	4.41
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5.05	-9.15	-4.78	-3.33	1.07	2.80	-6.16	-2.59	-2.32	-0.90	-48
Debt-free Net Working Capital (DFNWC)	105	91	98	97	94	195	203	423	445	443	370
Net Working Capital (NWC)	94	79	85	84	82	195	203	423	445	443	370
Net Nonoperating Expense (NNE)	10	0.53	9.16	1.16	2.69	140	-64	26	187	2.39	-59
Net Nonoperating Obligations (NNO)	-86	-78	-83	-84	-79	-217	-209	-572	-559	-590	-569
Total Depreciation and Amortization (D&A)	2.55	1.40	2.09	1.80	2.02	1.85	1.83	1.89	2.07	2.37	2.62
Debt-free, Cash-free Net Working Capital to Revenue	-34.38%	-76.20%	-37.15%	-26.40%	9.02%	25.92%	-66.87%	-32.68%	-31.00%	-	-478.43%
Debt-free Net Working Capital to Revenue	715.82%	755.99%	761.97%	769.89%	787.60%	1,806.22%	2,203.79%	5,339.42%	5,933.55%	-	3,697.34%
Net Working Capital to Revenue	637.41%	654.69%	662.32%	666.53%	693.01%	1,806.22%	2,203.79%	5,339.42%	5,933.55%	-	3,697.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.17)	($0.08)	($0.14)	($0.07)	($0.08)	($0.80)	$0.15	($0.13)	($0.62)	($0.10)	$0.10
Adjusted Weighted Average Basic Shares Outstanding	133.87M	131.98M	151.86M	171.90M	188.39M	184.67M	284.70M	298.25M	325.02M	309.76M	332.06M
Adjusted Diluted Earnings per Share	($0.17)	($0.25)	($0.14)	($0.07)	$0.00	($0.88)	$0.13	($0.13)	($0.62)	($0.08)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	133.87M	131.98M	151.86M	171.90M	0.00	184.67M	301.60M	298.25M	325.02M	309.76M	335.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.87M	131.98M	151.86M	191.24M	192.30M	285.83M	290.32M	324.17M	330.03M	332.15M	332.40M
Normalized Net Operating Profit after Tax (NOPAT)	-12	-12	-12	-11	-12	-13	-15	-14	-14	-16	-18
Normalized NOPAT Margin	-379.47%	-356.89%	-380.39%	-364.86%	-510.61%	-569.30%	-1,028.70%	-772.76%	-738.79%	-	-412.86%
Pre Tax Income Margin	-715.46%	-372.50%	-680.64%	-402.50%	-623.76%	-6,726.52%	2,895.31%	-2,201.78%	-10,321.93%	-	752.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-14.94	-9.96	-18.78	-13.08	-20.91	-176.19	0.00	0.00	0.00	-	0.00
NOPAT to Interest Expense	-8.00	-9.50	-10.49	-11.62	-16.57	-14.85	0.00	0.00	0.00	-	0.00
EBIT Less CapEx to Interest Expense	-16.14	-11.18	-23.74	-15.19	-24.02	-177.66	0.00	0.00	0.00	-	0.00
NOPAT Less CapEx to Interest Expense	-9.20	-10.72	-15.45	-13.73	-19.67	-16.32	0.00	0.00	0.00	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from Rigetti Computing, Inc. (RGTI) for the last four years of quarterly statements, focused on what could matter to retail investors.

Strong liquidity position (latest available quarter): Cash about $26.1M and Short-Term Investments around $420.9M, with Total Current Assets of roughly $456.3M and Total Assets of about $630.3M as of Q3 2025.
Latest quarter gross margin around 35%: Q4 2025 gross profit $0.652M on revenue $1.868M, implying a gross margin near 35%.
Significant financing activity in Q4 2025: Net cash from financing activities about $47.17M, contributing to a modest positive net change in cash of $18.72M for the quarter.
Large equity financing in Q2 2025: Issuance of Common Equity ~$381.72M and Net Cash From Financing Activities around $382.16M, boosting liquidity in that period.
One-time investing note: Q4 2025 included a $104.0M inflow from sale/maturity of investments and a $113.0M outflow for purchases, yielding a net investing cash flow of about -$13.62M (continuing investing activities).
Revenue variability across quarters: Revenue fluctuated from about $1.47M (Q1 2025) to $1.95M (Q3 2025), with Q4 2025 at $1.87M—no clear, sustained upward trend.
Ongoing high operating costs: Q4 2025 total operating expenses were $23.25M (R&D $17.35M; SG&A $5.90M), contributing to negative operating income despite gross profit.
Significant net losses: Notable losses in recent years, including Q3 2025 net income of -$200.97M and Q4 2025 net income of -$18.21M (and other quarters showing substantial losses).
Negative operating cash flow in 2025: Net cash from continuing operating activities was -$13.92M (Q3 2025) and -$14.90M (Q4 2025); similar negative trends occurred in earlier 2025 quarters (Q2 -$16.17M, Q1 -$13.65M).
Heavy investing outlays: Large investments activity in 2025, e.g., Purchase of Investments around -$113.0M in Q4 2025 and -$346.1M in Q2 2025, with further outflows in other quarters (net investing often negative).

05/23/26 02:51 PM ETAI Generated. May Contain Errors.

Rigetti Computing Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rigetti Computing's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Rigetti Computing's net income appears to be on an upward trend, with a most recent value of -$216.21 million in 2025, rising from -$46.34 million in 2021. The previous period was -$200.99 million in 2024. See Rigetti Computing's forecast for analyst expectations on what's next for the company.

Rigetti Computing's total operating income in 2025 was -$84.66 million, based on the following breakdown:

Total Gross Profit: $2.06 million
Total Operating Expenses: $86.72 million

Over the last 4 years, Rigetti Computing's total revenue changed from $0.00 in 2021 to $7.09 million in 2025, a change of 708,800,000.0%.

Rigetti Computing's total liabilities were at $120.38 million at the end of 2025, a 23.9% decrease from 2024, and a 364,672.7% increase since 2020.

In the past 5 years, Rigetti Computing's cash and equivalents has ranged from $0.00 in 2020 to $67.67 million in 2024, and is currently $44.85 million as of their latest financial filing in 2025.

Over the last 4 years, Rigetti Computing's book value per share changed from -1.66 in 2021 to 1.66 in 2025, a change of -199.8%.

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Financial statements for NASDAQ:RGTI last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rigetti Computing (RGTI) Financials

Financials Breakdown Chart

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Rigetti Computing (RGTI) Financials

Annual Income Statements for Rigetti Computing

Quarterly Income Statements for Rigetti Computing

Annual Cash Flow Statements for Rigetti Computing

Quarterly Cash Flow Statements for Rigetti Computing

Annual Balance Sheets for Rigetti Computing

Quarterly Balance Sheets for Rigetti Computing

Annual Metrics And Ratios for Rigetti Computing

Quarterly Metrics And Ratios for Rigetti Computing

Financials Breakdown Chart

Key Financial Trends

Rigetti Computing Financials - Frequently Asked Questions

When does Rigetti Computing's fiscal year end?

How has Rigetti Computing's net income changed over the last 4 years?

What is Rigetti Computing's operating income?

How has Rigetti Computing's revenue changed over the last 4 years?

How much debt does Rigetti Computing have?

How much cash does Rigetti Computing have?

How has Rigetti Computing's book value per share changed over the last 4 years?

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