Rigetti Computing (RGTIW) Financials

$4.88 -0.39 (-7.40%)

Closing price 03:59 PM Eastern

Extended Trading

$4.85 -0.03 (-0.53%)

As of 07:19 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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Income / (Loss) Attributable to Common Shareholders	-201	-75	-72	-23
Consolidated Net Income / (Loss)	-201	-75	-72	-46
Net Income / (Loss) Continuing Operations	-201	-75	-72	-23
Total Pre-Tax Income	-201	-75	-72	-23
Total Operating Income	-69	-72	-109	-4.90
Total Gross Profit	5.70	9.21	10	0.00
Total Revenue	11	12	13	0.00
Operating Revenue	11	12	13	-
Total Cost of Revenue	5.09	2.80	2.87	0.00
Operating Cost of Revenue	5.09	2.80	2.87	-
Total Operating Expenses	74	82	119	4.90
Selling, General & Admin Expense	24	28	54	4.90
Research & Development Expense	50	53	60	-
Restructuring Charge	0.00	0.99	0.00	-
Total Other Income / (Expense), net	-132	-2.81	38	-18
Interest Expense	3.68	5.78	5.29	-
Interest & Investment Income	5.11	5.08	2.43	0.02
Other Income / (Expense), net	-134	-2.11	40	-18
Income Tax Expense	0.00	0.00	0.00	-
Basic Earnings per Share	($1.09)	($0.57)	($0.70)	($0.62)
Weighted Average Basic Shares Outstanding	184.67M	131.98M	102.30M	0.00
Diluted Earnings per Share	($1.09)	($0.57)	($0.70)	($1.24)
Weighted Average Diluted Shares Outstanding	184.67M	131.98M	102.30M	0.00
Weighted Average Basic & Diluted Shares Outstanding	285.83M	131.98M	102.30M	37.07M

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Consolidated Net Income / (Loss)	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Net Income / (Loss) Continuing Operations	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Total Pre-Tax Income	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Total Operating Income	-18	-17	-16	-17	-17	-17	-16	-22	-27	-31
Total Gross Profit	1.00	1.20	1.99	1.50	2.52	2.27	2.73	1.69	5.25	2.03
Total Revenue	2.27	2.38	3.09	3.05	3.38	3.11	3.33	2.20	6.06	2.80
Operating Revenue	2.27	2.38	3.09	3.05	3.38	3.11	3.33	2.20	6.06	2.80
Total Cost of Revenue	1.27	1.17	1.10	1.55	0.86	0.83	0.60	0.51	0.81	0.78
Operating Cost of Revenue	1.27	1.17	1.10	1.55	0.86	0.83	0.60	0.51	0.81	0.78
Total Operating Expenses	19	19	18	18	20	19	19	24	32	33
Selling, General & Admin Expense	5.84	5.80	6.21	6.61	6.94	6.05	5.75	9.01	12	16
Research & Development Expense	14	13	12	11	13	13	13	14	16	17
Total Other Income / (Expense), net	-134	2.51	3.66	-4.19	4.64	-5.38	-0.73	-1.33	3.85	13
Interest Expense	0.87	0.73	0.97	1.11	1.27	1.47	1.57	1.46	1.61	1.44
Interest & Investment Income	1.55	1.23	1.22	1.12	1.33	1.26	1.20	1.28	1.39	1.04
Other Income / (Expense), net	-135	2.02	3.42	-4.20	4.57	-5.17	-0.36	-1.15	4.07	13
Basic Earnings per Share	($0.80)	($0.08)	($0.07)	($0.14)	($0.08)	($0.17)	($0.13)	($0.19)	($0.10)	($0.16)
Weighted Average Basic Shares Outstanding	184.67M	188.39M	171.90M	151.86M	131.98M	133.87M	128.52M	124.78M	102.30M	118.57M
Diluted Earnings per Share	($0.88)	$0.00	($0.07)	($0.14)	($0.25)	$0.00	($0.13)	($0.19)	($0.10)	($0.16)
Weighted Average Diluted Shares Outstanding	184.67M	0.00	171.90M	151.86M	131.98M	0.00	128.52M	124.78M	102.30M	118.57M
Weighted Average Basic & Diluted Shares Outstanding	285.83M	192.30M	191.24M	151.86M	131.98M	133.87M	128.52K	124.78M	102.30M	118.57M

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	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Net Change in Cash & Equivalents	46	-36	46	0.53
Net Cash From Operating Activities	-51	-51	-63	-0.96
Net Cash From Continuing Operating Activities	-51	-51	-63	-0.96
Net Income / (Loss) Continuing Operations	-201	-75	-72	-23
Consolidated Net Income / (Loss)	-201	-75	-72	-23
Depreciation Expense	6.91	7.43	7.02	-
Amortization Expense	0.84	1.45	1.47	-
Non-Cash Adjustments To Reconcile Net Income	102	15	22	18
Changes in Operating Assets and Liabilities, net	41	0.45	-22	3.94
Net Cash From Investing Activities	-78	0.77	-107	-345
Net Cash From Continuing Investing Activities	-78	0.77	-107	-345
Purchase of Property, Plant & Equipment	-11	-9.06	-23	-
Purchase of Investments	-225	-109	-84	-
Sale and/or Maturity of Investments	158	119	0.00	-
Net Cash From Financing Activities	175	13	215	346
Net Cash From Continuing Financing Activities	175	13	215	346
Repayment of Debt	-23	-8.33	-1.38	-0.28
Issuance of Common Equity	207	22	6.07	354
Other Financing Activities, net	-8.11	-0.11	206	-
Effect of Exchange Rate Changes	-0.19	0.08	0.10	-
Cash Interest Paid	2.35	4.34	3.82	-

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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	47	-0.40	-14	14	-20	20	-4.41	-32	-16	-110
Net Cash From Operating Activities	-8.54	-15	-14	-13	-12	-4.54	-18	-16	-14	-13
Net Cash From Continuing Operating Activities	-8.54	-15	-14	-13	-12	-4.54	-18	-16	-14	-13
Net Income / (Loss) Continuing Operations	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Consolidated Net Income / (Loss)	-153	-15	-12	-21	-13	-22	-17	-23	-23	-19
Depreciation Expense	1.75	1.82	1.55	1.79	1.05	2.13	2.16	2.09	2.22	1.82
Amortization Expense	0.10	0.19	0.25	0.30	0.35	0.42	0.29	0.39	0.40	0.66
Non-Cash Adjustments To Reconcile Net Income	94	2.00	0.66	5.11	0.11	7.98	2.82	4.29	9.91	6.14
Changes in Operating Assets and Liabilities, net	48	-4.61	-3.55	0.44	-1.35	7.14	-6.37	1.04	-3.86	-3.14
Net Cash From Investing Activities	-78	6.27	-13	6.22	-11	14	12	-15	-0.54	-96
Net Cash From Continuing Investing Activities	-78	6.27	-13	6.22	-11	14	12	-15	-0.54	-96
Purchase of Property, Plant & Equipment	-1.28	-2.28	-2.05	-5.49	-1.55	-1.78	-0.93	-4.80	-3.44	-8.66
Purchase of Investments	-126	-22	-49	-27	-30	-21	-19	-39	2.90	-87
Sale and/or Maturity of Investments	50	31	38	39	21	37	32	28	-	-
Net Cash From Financing Activities	134	8.69	12	21	2.69	10	1.44	-1.15	-1.64	-0.68
Net Cash From Continuing Financing Activities	134	8.69	12	21	2.69	10	1.44	-1.15	-1.64	-0.68
Repayment of Debt	-14	-3.29	-3.15	-3.05	-2.93	-2.55	-1.06	-1.80	-1.29	-
Issuance of Common Equity	155	12	16	24	5.62	13	2.50	0.75	0.08	0.32
Other Financing Activities, net	-7.63	-0.03	-0.27	-0.17	-	-	-	-0.11	-0.42	-0.99
Effect of Exchange Rate Changes	-0.15	0.07	-0.03	-0.09	0.12	0.04	0.00	-0.08	0.32	-0.27
Cash Interest Paid	0.29	0.55	0.69	0.81	1.04	0.97	1.26	1.07	1.08	1.03

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	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	285	160	203	46	0.04
Total Current Assets	207	108	154	18	0.01
Cash & Equivalents	68	21	58	12	0.00
Short-Term Investments	124	79	85	0.00	-
Accounts Receivable	2.43	5.03	6.24	1.54	-
Prepaid Expenses	3.16	1.94	2.45	1.35	0.01
Other Current Assets	9.08	0.77	2.97	3.45	-
Plant, Property, & Equipment, net	45	44	40	22	0.00
Total Noncurrent Assets	33	7.76	9.45	5.86	0.03
Long-Term Investments	25	0.00	-	-	-
Other Noncurrent Operating Assets	8.32	7.76	9.45	0.48	0.03
Total Liabilities & Shareholders' Equity	285	160	203	46	0.04
Total Liabilities	158	50	53	36	0.03
Total Current Liabilities	12	29	22	7.57	0.03
Short-Term Debt	0.00	12	8.30	0.58	-
Accounts Payable	9.60	14	10	5.78	0.00
Current Deferred Revenue	0.11	0.34	0.96	0.99	-
Other Current Liabilities	2.16	2.21	2.35	0.23	-
Total Noncurrent Liabilities	146	21	31	110	0.00
Long-Term Debt	0.00	9.89	21	24	-
Noncurrent Deferred Revenue	0.70	0.00	-	-	-
Other Noncurrent Operating Liabilities	146	11	11	86	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	127	110	150	-72	0.01
Total Preferred & Common Equity	127	110	150	-72	0.01
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	127	110	150	-72	0.01
Common Stock	681	463	429	136	0.03
Retained Earnings	-555	-354	-279	-207	-0.01
Accumulated Other Comprehensive Income / (Loss)	0.11	0.24	-0.16	0.05	-

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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	157	162	162	165	168	182	213
Total Current Assets	104	110	110	117	118	130	170
Cash & Equivalents	20	21	35	42	22	26	74
Short-Term Investments	72	80	68	68	84	96	87
Accounts Receivable	6.38	5.23	4.71	3.00	7.63	5.32	2.30
Prepaid Expenses	4.90	3.96	2.58	3.47	3.34	1.76	3.63
Plant, Property, & Equipment, net	45	46	45	40	41	43	37
Total Noncurrent Assets	8.55	7.09	7.46	8.16	8.68	9.07	5.62
Other Noncurrent Operating Assets	8.55	7.09	7.46	8.16	8.68	9.07	0.25
Total Liabilities & Shareholders' Equity	157	162	162	165	168	182	213
Total Liabilities	34	40	47	53	49	52	47
Total Current Liabilities	21	26	25	23	21	23	16
Short-Term Debt	11	13	13	12	11	9.69	6.83
Accounts Payable	7.19	9.45	9.71	8.84	7.50	10	8.66
Current Deferred Revenue	0.89	0.84	0.13	0.47	0.83	0.56	0.81
Other Current Liabilities	2.14	2.23	2.22	2.21	2.35	2.35	0.00
Total Noncurrent Liabilities	13	15	22	29	28	29	30
Long-Term Debt	2.06	3.36	6.50	13	16	18	23
Other Noncurrent Operating Liabilities	11	11	15	16	12	12	7.48
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	123	122	116	113	118	129	166
Total Preferred & Common Equity	123	122	116	113	118	129	166
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	123	122	116	113	118	129	166
Common Stock	524	509	490	454	437	431	422
Retained Earnings	-402	-387	-375	-341	-319	-302	-256
Accumulated Other Comprehensive Income / (Loss)	0.25	0.12	0.14	0.07	0.00	-0.01	-0.53

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

Metric	2024	2023	2022	2021
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021
Growth Metrics	-	-	-	-
Revenue Growth	-10.14%	-8.35%	0.00%	0.00%
EBITDA Growth	-197.09%	-8.88%	-159.53%	0.00%
EBIT Growth	-172.06%	-8.35%	-196.12%	0.00%
NOPAT Growth	5.24%	33.72%	-2,123.89%	0.00%
Net Income Growth	-167.60%	-5.01%	-54.34%	0.00%
EPS Growth	-91.23%	18.57%	43.55%	0.00%
Operating Cash Flow Growth	-0.09%	19.32%	-6,416.70%	0.00%
Free Cash Flow Firm Growth	261.69%	73.14%	0.00%	0.00%
Invested Capital Growth	-385.57%	-12.75%	162.17%	0.00%
Revenue Q/Q Growth	-9.26%	-18.27%	5,775.34%	0.00%
EBITDA Q/Q Growth	-259.67%	11.85%	-41.10%	0.00%
EBIT Q/Q Growth	-229.57%	11.87%	-61.00%	0.00%
NOPAT Q/Q Growth	-1.91%	11.63%	-79.60%	0.00%
Net Income Q/Q Growth	-231.67%	12.06%	-6.16%	0.00%
EPS Q/Q Growth	-136.96%	-35.71%	-18.64%	0.00%
Operating Cash Flow Q/Q Growth	7.11%	3.41%	-132.99%	0.00%
Free Cash Flow Firm Q/Q Growth	217.01%	7.41%	0.00%	0.00%
Invested Capital Q/Q Growth	-307.90%	17.05%	4.71%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	52.80%	76.68%	78.07%	0.00%
EBITDA Margin	-1,804.17%	-545.68%	-459.34%	0.00%
Operating Margin	-634.94%	-602.06%	-832.54%	0.00%
EBIT Margin	-1,876.00%	-619.62%	-524.10%	0.00%
Profit (Net Income) Margin	-1,862.72%	-625.47%	-545.88%	0.00%
Tax Burden Percent	100.00%	100.00%	100.00%	200.00%
Interest Burden Percent	99.29%	100.94%	104.15%	99.92%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-148.69%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-123.14%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	90.88%	0.00%	0.00%
Return on Equity (ROE)	-170.20%	-57.82%	-181.77%	129.59%
Cash Return on Invested Capital (CROIC)	0.00%	-135.08%	-470.89%	0.00%
Operating Return on Assets (OROA)	-91.04%	-40.95%	-54.96%	0.00%
Return on Assets (ROA)	-90.39%	-41.34%	-57.25%	0.00%
Return on Common Equity (ROCE)	-170.20%	-57.82%	-181.77%	129.59%
Return on Equity Simple (ROE_SIMPLE)	-158.77%	-68.54%	-47.61%	64.79%
Net Operating Profit after Tax (NOPAT)	-48	-51	-76	-3.43
NOPAT Margin	-444.46%	-421.44%	-582.78%	0.00%
Net Nonoperating Expense Percent (NNEP)	-103.74%	-25.56%	9.59%	328.49%
Return On Investment Capital (ROIC_SIMPLE)	-37.88%	-38.44%	-	-
Cost of Revenue to Revenue	47.20%	23.32%	21.93%	0.00%
SG&A Expenses to Revenue	226.66%	231.05%	412.00%	0.00%
R&D to Revenue	461.08%	439.44%	457.58%	0.00%
Operating Expenses to Revenue	687.74%	678.74%	910.62%	0.00%
Earnings before Interest and Taxes (EBIT)	-202	-74	-69	-23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-195	-66	-60	-23
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	23.18	1.26	0.57	0.00
Price to Tangible Book Value (P/TBV)	23.18	1.26	0.57	0.00
Price to Revenue (P/Rev)	271.96	11.53	6.58	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.91	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	251.83	5.05	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	36.56	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.20	0.19	-0.35
Long-Term Debt to Equity	0.00	0.09	0.14	-0.34
Financial Leverage	-1.25	-0.74	-1.28	-0.18
Leverage Ratio	1.88	1.40	3.18	-0.65
Compound Leverage Factor	1.87	1.41	3.31	-0.65
Debt to Total Capital	0.00%	16.76%	16.15%	-53.04%
Short-Term Debt to Total Capital	0.00%	9.24%	4.63%	-1.23%
Long-Term Debt to Total Capital	0.00%	7.52%	11.52%	-51.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	83.24%	83.85%	153.04%
Debt to EBITDA	0.00	-0.34	-0.48	-1.07
Net Debt to EBITDA	0.00	1.19	1.89	-0.56
Long-Term Debt to EBITDA	0.00	-0.15	-0.34	-1.04
Debt to NOPAT	0.00	-0.44	-0.38	-7.22
Net Debt to NOPAT	0.00	1.54	1.49	-3.80
Long-Term Debt to NOPAT	0.00	-0.20	-0.27	-7.05
Altman Z-Score	6.92	-2.32	-1.21	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	17.42	3.71	7.10	2.39
Quick Ratio	16.39	3.61	6.85	1.75
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	74	-46	-171	0.00
Operating Cash Flow to CapEx	-456.18%	-558.33%	-275.71%	0.00%
Free Cash Flow to Firm to Interest Expense	20.19	-7.96	-32.38	0.00
Operating Cash Flow to Interest Expense	-13.75	-8.75	-11.86	0.00
Operating Cash Flow Less CapEx to Interest Expense	-16.77	-10.32	-16.16	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.05	0.07	0.10	0.00
Accounts Receivable Turnover	2.89	2.13	3.37	0.00
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.24	0.29	0.42	0.00
Accounts Payable Turnover	0.43	0.23	0.36	0.00
Days Sales Outstanding (DSO)	126.11	171.19	108.34	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	857.50	1,595.44	1,011.28	0.00
Cash Conversion Cycle (CCC)	-731.39	-1,424.25	-902.94	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	-91	32	36	-58
Invested Capital Turnover	-0.37	0.35	-1.18	0.00
Increase / (Decrease) in Invested Capital	-122	-4.63	95	0.00
Enterprise Value (EV)	2,717	61	-28	0.00
Market Capitalization	2,934	138	86	0.00
Book Value per Share	$0.66	$0.78	$1.27	($1.66)
Tangible Book Value per Share	$0.66	$0.78	$1.27	($1.78)
Total Capital	127	132	179	-47
Total Debt	0.00	22	29	25
Total Long-Term Debt	0.00	9.89	21	24
Net Debt	-217	-78	-114	13
Capital Expenditures (CapEx)	11	9.06	23	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.80	-9.15	-1.79	-0.65
Debt-free Net Working Capital (DFNWC)	195	91	141	11
Net Working Capital (NWC)	195	79	133	11
Net Nonoperating Expense (NNE)	153	25	-4.84	43
Net Nonoperating Obligations (NNO)	-217	-78	-114	13
Total Depreciation and Amortization (D&A)	7.75	8.88	8.49	0.00
Debt-free, Cash-free Net Working Capital to Revenue	25.92%	-76.20%	-13.68%	0.00%
Debt-free Net Working Capital to Revenue	1,806.22%	755.99%	1,076.31%	0.00%
Net Working Capital to Revenue	1,806.22%	654.69%	1,012.94%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($1.09)	($0.57)	($0.70)	($0.62)
Adjusted Weighted Average Basic Shares Outstanding	184.67M	131.98M	102.30M	0.00
Adjusted Diluted Earnings per Share	($1.09)	($0.57)	($0.70)	($1.24)
Adjusted Weighted Average Diluted Shares Outstanding	184.67M	131.98M	102.30M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($1.24)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	285.83M	131.98M	102.30M	37.07M
Normalized Net Operating Profit after Tax (NOPAT)	-48	-50	-73	-3.43
Normalized NOPAT Margin	-444.46%	-415.66%	-554.05%	0.00%
Pre Tax Income Margin	-1,862.72%	-625.47%	-545.88%	0.00%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	-54.99	-12.87	-12.99	0.00
NOPAT to Interest Expense	-13.03	-8.76	-14.44	0.00
EBIT Less CapEx to Interest Expense	-58.01	-14.44	-17.29	0.00
NOPAT Less CapEx to Interest Expense	-16.04	-10.32	-18.75	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	-15.98%

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-32.62%	-23.41%	-7.24%	38.66%	-44.31%	10.73%	55.90%	4.61%	188.87%	-3.94%
EBITDA Growth	-1,250.85%	31.58%	23.10%	9.62%	43.95%	-22.50%	-49.72%	-39.72%	-696.85%	-100.96%
EBIT Growth	-1,116.04%	30.35%	23.63%	10.29%	44.24%	-19.85%	-47.98%	-40.99%	-774.62%	-100.25%
NOPAT Growth	-7.48%	-3.05%	0.93%	24.68%	35.62%	46.26%	36.97%	12.87%	-186.53%	-241.63%
Net Income Growth	-1,116.68%	33.23%	26.79%	11.05%	45.03%	-18.45%	-38.48%	-32.38%	-22.16%	-92.24%
EPS Growth	-252.00%	0.00%	46.15%	26.32%	-150.00%	100.00%	-18.18%	42.42%	-1,100.00%	62.79%
Operating Cash Flow Growth	31.21%	-239.80%	25.20%	15.49%	12.57%	66.11%	6.68%	1.10%	-165.85%	-58.73%
Free Cash Flow Firm Growth	1,575.45%	-587.04%	72.68%	90.40%	93.47%	94.78%	-112.53%	-126.55%	0.00%	0.00%
Invested Capital Growth	-385.57%	60.78%	-3.93%	-8.29%	-12.75%	-21.94%	155.67%	186.97%	162.17%	249.81%
Revenue Q/Q Growth	-4.37%	-22.94%	1.11%	-9.57%	8.70%	-6.67%	51.16%	-63.68%	116.12%	31.40%
EBITDA Q/Q Growth	-1,040.27%	-22.41%	41.86%	-66.46%	42.25%	-37.59%	31.67%	-3.23%	-26.22%	-68.17%
EBIT Q/Q Growth	-902.45%	-20.96%	39.05%	-64.55%	42.59%	-32.63%	28.41%	-2.28%	-23.40%	-63.76%
NOPAT Q/Q Growth	-6.62%	-7.84%	3.01%	3.61%	-2.23%	-3.67%	26.27%	17.61%	14.68%	-21.61%
Net Income Q/Q Growth	-931.22%	-19.42%	40.21%	-65.23%	43.41%	-30.94%	27.35%	-2.11%	-21.95%	-53.08%
EPS Q/Q Growth	0.00%	100.00%	50.00%	-75.00%	0.00%	100.00%	31.58%	-90.00%	37.50%	-45.45%
Operating Cash Flow Q/Q Growth	44.62%	-14.13%	-2.88%	-5.78%	-173.59%	74.88%	-16.22%	-9.44%	-6.05%	30.81%
Free Cash Flow Firm Q/Q Growth	482.17%	-194.95%	-11.42%	-17.48%	-77.96%	88.27%	60.86%	20.09%	-42.24%	-128.17%
Invested Capital Q/Q Growth	-307.90%	14.38%	18.55%	1.30%	17.05%	-31.65%	13.18%	-3.63%	4.71%	123.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.11%	50.63%	64.48%	49.15%	74.55%	73.14%	82.06%	76.83%	86.63%	72.33%
EBITDA Margin	-6,674.63%	-559.76%	-352.37%	-612.84%	-332.92%	-626.57%	-425.01%	-940.21%	-330.79%	-566.41%
Operating Margin	-813.28%	-729.44%	-521.22%	-543.41%	-509.84%	-542.09%	-488.01%	-1,000.45%	-441.02%	-1,117.12%
EBIT Margin	-6,756.16%	-644.49%	-410.56%	-681.16%	-374.34%	-708.70%	-498.68%	-1,052.89%	-373.89%	-654.81%
Profit (Net Income) Margin	-6,726.52%	-623.76%	-402.50%	-680.64%	-372.50%	-715.46%	-509.95%	-1,061.06%	-377.43%	-668.87%
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	99.56%	96.78%	98.03%	99.92%	99.51%	100.95%	102.26%	100.78%	100.94%	102.15%
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)	0.00%	-171.85%	-118.45%	-145.67%	-125.92%	-180.40%	-178.28%	0.00%	0.00%	-30.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-168.58%	-117.02%	-135.36%	-125.37%	-170.78%	-173.48%	0.00%	0.00%	-35.02%
Return on Net Nonoperating Assets (RNNOA)	0.00%	118.00%	79.20%	98.27%	92.52%	132.89%	140.31%	0.00%	0.00%	32.20%
Return on Equity (ROE)	-170.20%	-53.84%	-39.25%	-47.40%	-33.39%	-47.52%	-37.97%	-52.64%	-181.77%	1.99%
Cash Return on Invested Capital (CROIC)	0.00%	-179.80%	-116.13%	-130.73%	-135.08%	-160.65%	-331.99%	-426.45%	-470.89%	0.00%
Operating Return on Assets (OROA)	-327.86%	-47.53%	-31.40%	-50.92%	-24.74%	-55.11%	-36.23%	-64.97%	-39.21%	-0.52%
Return on Assets (ROA)	-326.42%	-46.00%	-30.78%	-50.88%	-24.62%	-55.64%	-37.05%	-65.47%	-39.58%	-0.53%
Return on Common Equity (ROCE)	-170.20%	-53.84%	-39.25%	-47.40%	-33.39%	-47.52%	-37.97%	-52.64%	-181.77%	1.99%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-49.33%	-55.65%	-62.75%	0.00%	-75.79%	-69.23%	-59.66%	0.00%	-40.61%
Net Operating Profit after Tax (NOPAT)	-13	-12	-11	-12	-12	-12	-11	-15	-19	-22
NOPAT Margin	-569.30%	-510.61%	-364.86%	-380.39%	-356.89%	-379.47%	-341.61%	-700.32%	-308.72%	-781.98%
Net Nonoperating Expense Percent (NNEP)	-94.91%	-3.26%	-1.43%	-10.30%	-0.55%	-9.62%	-4.80%	-5.32%	-8.26%	4.80%
Return On Investment Capital (ROIC_SIMPLE)	-10.23%	-	-	-	-9.15%	-	-	-	-	-
Cost of Revenue to Revenue	55.89%	49.37%	35.52%	50.85%	25.45%	26.86%	17.94%	23.17%	13.37%	27.67%
SG&A Expenses to Revenue	256.82%	243.82%	201.07%	216.71%	205.54%	194.75%	172.74%	409.50%	200.68%	570.15%
R&D to Revenue	600.57%	536.25%	384.64%	375.85%	378.84%	420.48%	397.32%	622.76%	262.59%	619.29%
Operating Expenses to Revenue	857.39%	780.07%	585.71%	592.56%	584.39%	615.23%	570.06%	1,077.28%	527.66%	1,189.44%
Earnings before Interest and Taxes (EBIT)	-154	-15	-13	-21	-13	-22	-17	-23	-23	-18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-152	-13	-11	-19	-11	-19	-14	-21	-20	-16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	23.18	1.22	1.51	2.10	1.26	1.57	1.29	0.72	0.57	1.34
Price to Tangible Book Value (P/TBV)	23.18	1.22	1.51	2.10	1.26	1.57	1.29	0.72	0.57	1.38
Price to Revenue (P/Rev)	271.96	12.59	14.58	18.90	11.53	12.04	10.60	7.06	6.58	996.86
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)	0.00	1.62	2.62	4.97	1.91	3.37	1.86	0.00	0.00	2.62
Enterprise Value to Revenue (EV/Rev)	251.83	5.93	7.92	12.41	5.05	6.21	5.13	0.00	0.00	408.56
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)	36.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.11	0.13	0.17	0.20	0.22	0.23	0.21	0.19	0.18
Long-Term Debt to Equity	0.00	0.02	0.03	0.06	0.09	0.12	0.14	0.14	0.14	0.14
Financial Leverage	-1.25	-0.70	-0.68	-0.73	-0.74	-0.78	-0.81	-1.02	-1.28	-0.92
Leverage Ratio	1.88	1.37	1.37	1.40	1.40	1.36	1.37	1.46	3.18	3.89
Compound Leverage Factor	1.87	1.33	1.35	1.40	1.39	1.37	1.40	1.47	3.21	3.97
Debt to Total Capital	0.00%	9.77%	11.84%	14.32%	16.76%	17.94%	18.44%	17.54%	16.15%	15.24%
Short-Term Debt to Total Capital	0.00%	8.26%	9.41%	9.50%	9.24%	8.39%	7.35%	6.17%	4.63%	3.49%
Long-Term Debt to Total Capital	0.00%	1.51%	2.43%	4.82%	7.52%	9.55%	11.09%	11.37%	11.52%	11.75%
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	100.00%	90.23%	88.16%	85.68%	83.24%	82.06%	81.56%	82.46%	83.85%	84.76%
Debt to EBITDA	0.00	-0.25	-0.27	-0.30	-0.34	-0.33	-0.38	-0.42	-0.48	-0.70
Net Debt to EBITDA	0.00	1.46	1.39	1.31	1.19	1.15	1.11	1.43	1.89	3.08
Long-Term Debt to EBITDA	0.00	-0.04	-0.06	-0.10	-0.15	-0.18	-0.23	-0.27	-0.34	-0.54
Debt to NOPAT	0.00	-0.28	-0.35	-0.41	-0.44	-0.43	-0.40	-0.37	-0.38	-0.70
Net Debt to NOPAT	0.00	1.68	1.80	1.78	1.54	1.49	1.17	1.27	1.49	3.09
Long-Term Debt to NOPAT	0.00	-0.04	-0.07	-0.14	-0.20	-0.23	-0.24	-0.24	-0.27	-0.54
Altman Z-Score	7.48	-0.58	-0.15	0.19	-1.04	-0.54	-0.36	-0.90	-0.47	1.75
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	17.42	4.84	4.29	4.42	3.71	5.06	5.50	5.67	7.10	10.40
Quick Ratio	16.39	4.61	4.14	4.32	3.61	4.91	5.30	5.54	6.85	10.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	109	-29	-9.70	-8.71	-7.41	-4.16	-36	-91	-114	-80
Operating Cash Flow to CapEx	-666.46%	-677.22%	-660.98%	-239.20%	-802.39%	-255.63%	-1,940.92%	-323.65%	-412.63%	-154.74%
Free Cash Flow to Firm to Interest Expense	125.39	-39.03	-10.01	-7.87	-5.84	-2.83	-22.56	-61.97	-70.73	-55.58
Operating Cash Flow to Interest Expense	-9.80	-21.05	-13.95	-11.87	-9.80	-3.08	-11.48	-10.62	-8.85	-9.33
Operating Cash Flow Less CapEx to Interest Expense	-11.27	-24.15	-16.06	-16.83	-11.02	-4.29	-12.07	-13.90	-11.00	-15.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.07	0.08	0.07	0.07	0.08	0.07	0.06	0.10	0.00
Accounts Receivable Turnover	2.89	2.54	1.96	2.57	2.13	5.55	2.82	4.01	3.37	0.00
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	0.24	0.28	0.29	0.30	0.29	0.38	0.40	0.40	0.42	0.00
Accounts Payable Turnover	0.43	0.58	0.51	0.38	0.23	0.31	0.36	0.29	0.36	0.22
Days Sales Outstanding (DSO)	126.11	143.96	186.01	142.29	171.19	65.72	129.36	90.99	108.34	0.00
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)	857.50	624.62	712.85	955.20	1,595.44	1,160.68	1,019.17	1,263.55	1,011.28	1,642.31
Cash Conversion Cycle (CCC)	-731.39	-480.66	-526.83	-812.91	-1,424.25	-1,094.96	-889.81	-1,172.55	-902.94	-1,642.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-91	44	38	32	32	27	40	35	36	35
Invested Capital Turnover	-0.37	0.34	0.32	0.38	0.35	0.48	0.52	-5.03	-1.18	0.04
Increase / (Decrease) in Invested Capital	-122	16	-1.56	-2.90	-4.63	-7.62	24	75	95	58
Enterprise Value (EV)	2,717	70	100	160	61	91	74	-1.29	-28	91
Market Capitalization	2,934	150	184	243	138	177	153	93	86	222
Book Value per Share	$0.66	$0.64	$0.71	$0.73	$0.78	$0.85	$0.91	$1.01	$1.27	$1.40
Tangible Book Value per Share	$0.66	$0.64	$0.71	$0.73	$0.78	$0.85	$0.91	$1.01	$1.27	$1.36
Total Capital	127	136	139	135	132	137	145	157	179	196
Total Debt	0.00	13	16	19	22	25	27	28	29	30
Total Long-Term Debt	0.00	2.06	3.36	6.50	9.89	13	16	18	21	23
Net Debt	-217	-79	-84	-83	-78	-86	-79	-94	-114	-131
Capital Expenditures (CapEx)	1.28	2.28	2.05	5.49	1.55	1.78	0.93	4.80	3.44	8.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.80	1.07	-3.33	-4.78	-9.15	-5.05	1.37	-5.01	-1.79	-0.87
Debt-free Net Working Capital (DFNWC)	195	94	97	98	91	105	107	117	141	160
Net Working Capital (NWC)	195	82	84	85	79	94	96	107	133	153
Net Nonoperating Expense (NNE)	140	2.69	1.16	9.16	0.53	10	5.60	7.94	4.16	-3.17
Net Nonoperating Obligations (NNO)	-217	-79	-84	-83	-78	-86	-79	-94	-114	-131
Total Depreciation and Amortization (D&A)	1.85	2.02	1.80	2.09	1.40	2.55	2.45	2.48	2.61	2.48
Debt-free, Cash-free Net Working Capital to Revenue	25.92%	9.02%	-26.40%	-37.15%	-76.20%	-34.38%	9.49%	-37.92%	-13.68%	-390.58%
Debt-free Net Working Capital to Revenue	1,806.22%	787.60%	769.89%	761.97%	755.99%	715.82%	742.38%	886.14%	1,076.31%	71,817.04%
Net Working Capital to Revenue	1,806.22%	693.01%	666.53%	662.32%	654.69%	637.41%	668.27%	812.76%	1,012.94%	68,752.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.80)	($0.08)	($0.07)	($0.14)	($0.08)	($0.17)	($0.13)	($0.19)	($0.10)	($0.16)
Adjusted Weighted Average Basic Shares Outstanding	184.67M	188.39M	171.90M	151.86M	131.98M	133.87M	128.52K	124.78K	102.30M	118.57M
Adjusted Diluted Earnings per Share	($0.88)	$0.00	($0.07)	($0.14)	($0.25)	($0.17)	($0.13)	($0.19)	($0.10)	($0.16)
Adjusted Weighted Average Diluted Shares Outstanding	184.67M	0.00	171.90M	151.86M	131.98M	133.87M	128.52K	124.78K	102.30M	118.57M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	285.83M	192.30M	191.24M	151.86M	131.98M	133.87M	128.52K	124.78K	102.30M	118.57M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-12	-11	-12	-12	-12	-11	-15	-19	-22
Normalized NOPAT Margin	-569.30%	-510.61%	-364.86%	-380.39%	-356.89%	-379.47%	-341.61%	-668.80%	-308.72%	-781.98%
Pre Tax Income Margin	-6,726.52%	-623.76%	-402.50%	-680.64%	-372.50%	-715.46%	-509.95%	-1,061.06%	-377.43%	-668.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-176.19	-20.91	-13.08	-18.78	-9.96	-14.94	-10.54	-15.83	-14.12	-12.79
NOPAT to Interest Expense	-14.85	-16.57	-11.62	-10.49	-9.50	-8.00	-7.22	-10.53	-11.66	-15.27
EBIT Less CapEx to Interest Expense	-177.66	-24.02	-15.19	-23.74	-11.18	-16.14	-11.13	-19.11	-16.26	-18.82
NOPAT Less CapEx to Interest Expense	-16.32	-19.67	-13.73	-15.45	-10.72	-9.20	-7.81	-13.81	-13.80	-21.30
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%

Frequently Asked Questions About Rigetti Computing's Financials

When does Rigetti Computing's fiscal year end?

According to the most recent income statement we have on file, Rigetti Computing's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Rigetti Computing's net income changed over the last 3 years?

Rigetti Computing's net income appears to be on an upward trend, with a most recent value of -$200.99 million in 2024, rising from -$46.34 million in 2021. The previous period was -$75.11 million in 2023.

What is Rigetti Computing's operating income?

Rigetti Computing's total operating income in 2024 was -$68.51 million, based on the following breakdown:

Total Gross Profit: $5.70 million
Total Operating Expenses: $74.21 million

How has Rigetti Computing revenue changed over the last 3 years?

Over the last 3 years, Rigetti Computing's total revenue changed from $0.00 in 2021 to $10.79 million in 2024, a change of 1,079,000,000.0%.

How much debt does Rigetti Computing have?

Rigetti Computing's total liabilities were at $158.20 million at the end of 2024, a 214.4% increase from 2023, and a 479,287.9% increase since 2020.

How much cash does Rigetti Computing have?

In the past 4 years, Rigetti Computing's cash and equivalents has ranged from $0.00 in 2020 to $67.67 million in 2024, and is currently $67.67 million as of their latest financial filing in 2024.

How has Rigetti Computing's book value per share changed over the last 3 years?

Over the last 3 years, Rigetti Computing's book value per share changed from -1.66 in 2021 to 0.66 in 2024, a change of -139.7%.

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This page (NASDAQ:RGTIW) was last updated on 5/29/2025 by MarketBeat.com Staff

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Rigetti Computing (RGTIW) Financials

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Rigetti Computing (RGTIW) Financials

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