Rigetti Computing (RGTI) financial statements
Rigetti Computing reported revenue of $7M in fiscal 2025, down 18.5% a year over 3 years.
Net income was -$216M.
Free cash flow was -$77M.
The diluted share count rose 203% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Rigetti Computing's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $13M | $12M | $11M | $7M |
| Cost of revenue | — | $3M | $3M | $5M | $5M |
| Gross profit | — | $10M | $9M | $6M | $2M |
| Research and development | — | $60M | $53M | $50M | $61M |
| Selling, general and admin | $5M | $60M | $28M | $24M | $25M |
| Operating income | -$5M | -$109M | -$72M | -$69M | -$85M |
| Interest expense | — | $5M | $6M | $3M | $0 |
| Pre-tax income | — | -$72M | -$75M | -$201M | -$216M |
| Income tax | — | $0 | $0 | $0 | $0 |
| Net income | -$23M | -$72M | -$75M | -$201M | -$216M |
| EPS (diluted) | — | -$0.70 | -$0.57 | -$1.09 | -$0.70 |
| Diluted shares | — | 102M | 132M | 185M | 310M |
| Gross margin | — | 78.1% | 76.7% | 52.8% | 29.1% |
| Operating margin | — | -832.5% | -602.1% | -634.9% | -1194.4% |
| Net margin | — | -545.9% | -625.5% | -1862.7% | -3050.4% |
Balance sheet
Fiscal years, from Rigetti Computing's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $12M | $143M | $100M | $192M | $45M |
| Receivables | $2M | $6M | $5M | $2M | $3M |
| Total current assets | $18M | $154M | $108M | $207M | $455M |
| Property, plant and equipment | $22M | $40M | $44M | $45M | $57M |
| Goodwill | $5M | $0 | — | — | — |
| Total assets | $46M | $203M | $160M | $285M | $667M |
| Total current liabilities | $8M | $22M | $29M | $12M | $12M |
| Long-term debt | — | $21M | $10M | $0 | — |
| Total liabilities | $36M | $53M | $50M | $158M | $120M |
| Shareholders' equity | -$72M | $150M | $110M | $127M | $546M |
| Net debt | -$11M | -$29M | $666,000 | -$68M | -$45M |
Cash flow
Fiscal years, from Rigetti Computing's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$961,975 | -$63M | -$51M | -$51M | -$59M |
| Capital spending | — | $23M | $9M | $11M | $19M |
| Free cash flow | — | -$85M | -$60M | -$62M | -$77M |
| Stock-based compensation | — | $45M | $12M | $13M | $18M |
| Free cash flow margin | — | -652.0% | -496.7% | -572.1% | -1089.4% |
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Open RGTI in InvestinglyQuestions
What was Rigetti Computing's revenue in 2025?
$7M in fiscal 2025, from its 10-K filing.
How much free cash flow does Rigetti Computing generate?
-$77M in fiscal 2025 (operating cash flow minus capital spending).
From Rigetti Computing's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.