Rigetti Computing (RGTIW) Financials

$3.18 -0.05 (-1.40%)

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

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

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

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

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

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

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

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

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

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

According to the most recent income statement we have on file, Rigetti Computing's fiscal year ends in December. Their fiscal 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 5/7/2025 by MarketBeat.com Staff

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Rigetti Computing (RGTIW) Financials

Frequently Asked Questions About Rigetti Computing's Financials

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Rigetti Computing (RGTIW) Financials

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