Rigetti Computing, Inc.

RGTI

RGTIRigetti Computing, Inc. US flag

NASDAQ Capital Market

17.02

USD

+0.03

- -

5.66BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	01/31/2020	01/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	1	6	13	12	11	7
+ Sales & Services Revenue	1	6	13	12	11	7
- Cost of Revenue	- -	1	3	3	5	5
+ Cost of Goods & Services	- -	1	3	3	5	5
Gross Profit	- -	4	10	9	6	2
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	48	39	114	81	74	87
+ Selling, General & Admin	19	15	54	28	24	25
+ Research & Development	29	24	60	53	50	61
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-48	-35	-104	-71	-69	-85
- Non-Operating (Income) Loss	6	-9	-32	4	132	132
+ Interest Expense, Net	- -	- -	3	1	-2	-17
+ Interest Expense	- -	- -	5	6	3	- -
- Interest Income	- -	- -	2	5	5	17
+ Other Non-Op (Income) Loss	6	-9	-35	3	134	148
Pretax Income	-54	-26	-72	-75	-201	-216
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-54	-26	-72	-75	-201	-216
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-54	-26	-72	-75	-201	-216
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-54	-26	-72	-75	-201	-216
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-54	-26	-72	-75	-201	-216
EBIT	-48	-35	-104	-71	-69	-85
EBITDA	-44	-31	-97	-64	-62	-76
EBITDA Margin (%)	-5,949.85	-555.56	-737.95	-531.96	-570.94	-1,079.16
EBITA	-48	-35	-104	-71	-69	-85
Gross Margin (%)	60.82	73.09	78.07	76.68	52.8	29.12
Operating Margin (%)	-6,485.81	-633.13	-791.51	-593.8	-634.94	-1,194.41
Profit Margin (%)	-7,317.15	-471.39	-545.88	-625.47	-1,862.72	-3,050.37
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	4	4	7	7	7	8
Basic Weighted Avg Shares	114	114	102	132	185	310
Basic EPS, GAAP	-0.47	-0.23	-0.7	-0.57	-1.09	-0.7
Basic EPS from Cont Ops	-0.47	-0.23	-0.7	-0.57	-1.09	-0.7
Diluted Weighted Avg Shares	114	114	102	132	185	310
Diluted EPS, GAAP	-0.47	-0.23	-0.7	-0.57	-1.09	-0.7
Diluted EPS from Cont Ops	-0.47	-0.23	-0.7	-0.57	-1.09	-0.7

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	01/31/2020	01/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	2	24	154	108	207	455
+ Cash, Cash Equivalents & STI	- -	22	143	100	192	444
+ Cash & Cash Equivalents	- -	22	58	21	68	45
+ ST Investments	- -	- -	85	79	124	399
+ Accounts & Notes Receiv	- -	- -	6	5	2	3
+ Accounts Receivable, Net	- -	- -	6	5	2	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	1	5	3	12	9
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	26	26	49	52	78	212
+ Property, Plant & Equip, Net	20	20	49	52	53	63
+ Property, Plant & Equip	30	34	75	85	93	112
- Accumulated Depreciation	10	14	26	33	40	48
+ LT Investments & Receivables	- -	- -	- -	- -	25	146
+ LT Investments	- -	- -	- -	- -	25	146
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	6	6	- -	- -	- -	2
+ Total Intangible Assets	5	5	- -	- -	- -	- -
+ Goodwill	5	5	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	2
Total Assets	27	50	203	160	285	667
+ Payables & Accruals	4	3	9	13	9	9
+ Accounts Payable	3	1	2	6	2	3
+ Accrued Taxes	- -	- -	1	2	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	6	5	7	5
+ ST Debt	27	- -	11	14	2	2
+ ST Borrowings	27	- -	8	12	- -	- -
+ ST Finance Leases	- -	- -	2	2	2	2
+ Other ST Liabilities	4	- -	2	2	1	1
+ Deferred Revenue	2	- -	1	- -	- -	1
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	2	- -	1	1	1	1
Total Current Liabilities	35	3	22	29	12	12
+ LT Debt	- -	- -	28	16	7	5
+ LT Borrowings	- -	- -	21	10	- -	- -
+ LT Finance Leases	- -	- -	8	6	7	5
+ Other LT Liabilities	121	82	3	5	140	103
+ Accrued Liabilities	- -	- -	- -	- -	1	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	121	82	3	5	139	103
Total Noncurrent Liabilities	121	82	31	21	146	108
Total Liabilities	156	85	53	50	158	120
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	14	133	429	463	681	1,316
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	14	133	429	463	681	1,316
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-143	-169	-279	-354	-555	-771
+ Other Equity	- -	- -	- -	- -	- -	1
Equity Before Minority Interest	-128	-35	150	110	127	546
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-128	-35	150	110	127	546
Total Liabilities & Equity	27	50	203	160	285	667
Shares Outstanding	114	114	125	147	284	331
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	10	9	9	7
Net Debt	27	-22	-29	1	-68	-45
Net Debt to Equity	-20.7	62.67	-19.27	0.61	-53.46	-8.21
Tangible Common Equity Ratio	-605.17	-92.1	73.84	68.53	44.45	81.94
Current Ratio	0.05	7.4	7.1	3.71	17.42	37.42
Cash Conversion Cycle	- -	-493.2	-99.96	-331.33	-137.7	-56.29

Cash Flow Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	01/31/2020	01/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-54	-26	-72	-75	-201	-216
+ Depreciation & Amortization	4	4	7	7	7	8
+ Non-Cash Items	8	-6	4	18	147	157
+ Stock-Based Compensation	3	3	45	12	13	18
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	5	1	- -	- -
+ Other Non-Cash Adj	6	-9	-46	4	133	140
+ Chg in Non-Cash Work Cap	5	-2	-2	- -	-3	-8
+ (Inc) Dec in Accts Receiv	2	-2	-5	2	2	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	- -	-1	- -	-2	-4
+ Inc (Dec) in Accts Payable	1	1	4	-2	-3	-4
+ Inc (Dec) in Other	2	-1	- -	-1	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-37	-30	-63	-51	-51	-59
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-3	-4	-23	-9	-11	-19
+ Acq of Fixed Prod Assets	-3	-4	-23	-9	-11	-19
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	21	206	382
+ Increase in Capital Stock	- -	- -	- -	21	206	382
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-84	10	-67	-385
+ Dec in LT Investment	- -	- -	- -	119	158	251
+ Inc in LT Investment	- -	- -	-84	-109	-225	-636
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-3	-4	-107	1	-78	-403
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	17	2	4	-8	-23	- -
+ Cash From Debt	20	2	5	- -	- -	- -
+ Repayments of Debt	-3	- -	-1	-8	-23	- -
+ Other Financing Activities	2	54	212	1	-8	57
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	19	56	215	13	175	439
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-21	22	46	-37	46	-23
EBITDA	-44	-31	-97	-64	-62	-76
EBITDA Margin (%)	-5,949.85	-555.56	-737.95	-531.96	-570.94	-1,079.16
Free Cash Flow	-40	-34	-85	-60	-62	-77
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-32	-82	-68	-85	-77
Free Cash Flow per Basic Share	-0.35	-0.3	-0.84	-0.45	-0.33	-0.25
Price/Free Cash Flow	- -	- -	-1.87	-3.13	-71.29	-172.1
Cash Flow to Net Income	0.69	1.15	0.88	0.67	0.25	0.27
Capital Expenditures	-3	-4	-23	-9	-11	-19