Rigetti Computing, Inc.
Business
Rigetti Computing builds and operates superconducting quantum computers designed to solve computationally complex problems. The company develops quantum processing units (QPUs) with proprietary multi-chip architecture, offers cloud-based quantum computing services (QCS and QCaaS), and operates Fab-1, a dedicated wafer fabrication facility. Rigetti serves enterprise, government, and academic customers through direct cloud access, on-premises QPU sales, and partnerships with cloud providers like AWS and Microsoft Azure.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 7 | 11 | 12 | 13 | 8 | |
| Cost of revenue | 5 | 5 | 3 | 3 | 2 | |
| Total gross profit | 2 | 6 | 9 | 10 | 7 | |
| Research and development | 61 | 50 | 53 | 60 | 27 | |
| Selling, general and administrative | 25 | 24 | 28 | 54 | 11 | |
| Total operating expenses | 87 | 74 | 82 | 119 | 41 | |
| Loss from operations | −85 | −69 | −72 | −109 | −34 | |
| Interest expense | 0 | −3 | −6 | — | — | |
| Interest income | 17 | 5 | 5 | 2 | 10,000 | |
| Change in fair value of derivative warrant liabilities | −151 | −90 | −1 | 22 | −2 | |
| Change in fair value of earn-out liabilities | 3 | −44 | −900,000 | 19 | 0 | |
| Loss on extinguishment of debt | 0 | −426,000 | 0 | — | — | |
| Total other expense, net | −132 | −132 | −3 | 38 | −4 | |
| Net loss before provision for income taxes | −216 | −201 | −75 | −72 | −38 | |
| Provision for income taxes | 0 | 0 | 0 | 0 | 0 | |
| Net loss | −216 | −201 | −75 | −72 | −38 | |
| Net loss per share attributable to common stockholders - basic (in $ per share) | −0.7 | −1.09 | −0.57 | −0.7 | −1.64 | |
| Net loss per share attributable to common stockholders - diluted (in $ per share) | −0.7 | −1.09 | −0.57 | −0.7 | −1.64 | |
| Weighted average shares used to compute net loss per share attributable to common stockholders - basic (in shares) | 310 | 185 | 132 | 102 | 23 | |
| Weighted average shares used to compute net loss per share attributable to common stockholders - diluted (in shares) | 310 | 185 | 132 | 102 | 23 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 45 | 68 | 21 | 58 | 12 | |
| Available-for-sale investments - short-term | 399 | 124 | — | — | — | |
| Accounts receivable | 3 | 2 | 5 | 6 | 2 | |
| Prepaid expenses | 3 | 3 | 2 | — | 235,399 | |
| Other current assets | 6 | 9 | 771,000 | — | — | |
| Total current assets | 455 | 207 | 108 | 154 | 18 | |
| Available-for-sale investments - long-term | 146 | 25 | — | — | — | |
| Property and equipment, net | 57 | 45 | 44 | 40 | 22 | |
| Operating lease right-of-use assets | 6 | 8 | 8 | 9 | 6 | |
| Other assets | 2 | 325,000 | 129,000 | 129,000 | 165,000 | |
| Total assets | 667 | 285 | 160 | 203 | 46 | |
| Accounts payable | 3 | 2 | 6 | 2 | 2 | |
| Accrued expenses and other current liabilities | 6 | 8 | 9 | 8 | 4 | |
| Current portion of deferred revenue | 847,000 | 113,000 | 343,000 | 961,000 | — | |
| Current portion of operating lease liabilities | 2 | 2 | 2 | 2 | 0 | |
| Total current liabilities | 12 | 12 | 29 | 22 | 8 | |
| Deferred revenue, less current portion | 698,000 | 698,000 | 0 | — | — | |
| Operating lease liabilities, less current portion | 5 | 7 | 6 | 8 | 0 | |
| Derivative warrant liabilities | 103 | 93 | 3 | 2 | 4 | |
| Earn-out liabilities | 0 | 46 | 2 | 1 | 0 | |
| Total liabilities | 120 | 158 | 50 | 53 | 36 | |
| Commitments and contingencies (Note 19) | — | — | — | — | — | |
| Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, none outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 331,282,895 shares issued and outstanding at December 31, 2025 and 283,546,871 shares issued and outstanding at December 31, 2024 | 33,000 | 29,000 | 14,000 | 12,000 | 2,000 | |
| Additional paid-in capital | 1,316 | 681 | 463 | 429 | 136 | |
| Accumulated other comprehensive income | 997,000 | 105,000 | 244,000 | −161,000 | 52,000 | |
| Accumulated deficit | −771 | −555 | −354 | −279 | 0 | |
| Total stockholders' equity | 546 | 127 | 110 | 150 | −72 | |
| Total liabilities and stockholders' equity | 667 | 285 | 160 | 203 | 46 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −216 | −201 | −75 | −72 | −38 | |
| Depreciation and amortization | 8 | 7 | 7 | 7 | 5 | |
| Stock-based compensation | 18 | 13 | 12 | 45 | 2 | |
| Accretion of available-for-sale securities | −10 | −4 | −3 | −949,000 | 0 | |
| Amortization of debt issuance costs, commitment fees and accretion of final payment fees | 0 | 844,000 | 1 | 1 | 513,000 | |
| Non-cash lease expense | 2 | 2 | 2 | 537,000 | 0 | |
| Accounts receivable | −124,000 | 3 | 1 | −5 | −1 | |
| Prepaid expenses, other current assets and other assets | −4 | −2 | −259,000 | −1 | — | |
| Deferred revenue | 734,000 | 468,000 | −618,000 | −24,000 | 493,000 | |
| Accounts payable | 111,000 | −1 | 895,000 | −707,000 | −389,000 | |
| Accrued expenses and operating lease liabilities | −4 | −3 | −2 | 4 | 2 | |
| Net cash used in operating activities | −59 | −51 | −51 | −63 | −29 | |
| Purchases of property and equipment | −19 | −11 | −9 | −23 | −7 | |
| Purchases of available-for-sale securities | −636 | −225 | −109 | −84 | 0 | |
| Maturities of available-for-sale securities | 251 | 158 | 119 | 0 | — | |
| Net cash used in investing activities | −403 | −78 | 773,000 | −107 | −7 | |
| Payments of principal of notes payable | 0 | −23 | −8 | −1 | −275,000 | |
| Proceeds from sale of common stock through Common Stock Purchase Agreement | 0 | 13 | 21 | 0 | — | |
| Proceeds from sale of common stock through ATM Offerings | 347 | 98 | 0 | — | — | |
| Proceeds from sale of common stock through registered direct offering | 0 | 96 | 0 | — | — | |
| Proceeds from sale of common stock from Quanta private placement transaction | 35 | 0 | — | — | 9 | |
| Payments of offering costs | −888,000 | −2 | −107,000 | 0 | −2 | |
| Net proceeds (payments) from tax withholdings on sell-to-cover equity award transactions | 6 | −6 | — | — | — | |
| Proceeds from issuance of common stock upon exercise of stock options | 2 | 600,000 | — | — | — | |
| Proceeds from issuance of common stock upon exercise of warrants | 50 | 2,000 | — | — | — | |
| Net cash provided by financing activities | 439 | 175 | 13 | 215 | 26 | |
| Effects of exchange rate changes on cash and cash equivalents | −38,000 | −188,000 | 80,000 | 101,000 | −5,000 | |
| Net decrease in cash and cash equivalents | −23 | 46 | −36 | 46 | −10 | |
| Cash paid for interest | 0 | 2 | 4 | 4 | 1 | |
| Purchases of property and equipment recorded in accounts payable | 2 | 466,000 | 4 | 673,000 | — | |
| Purchases of property and equipment recorded in accrued expenses | 259,000 | 150,000 | 1 | 639,000 | — | |
| Non-cash addition to operating lease right-of-use asset and liability | 0 | 2 | 0 | — | — | |
| Reclassification of earn-out liabilities to additional paid-in capital for vesting of Sponsor Vesting Shares | 43 | 0 | — | — | — | |
| Reclassification of derivative liabilities to additional paid-in capital due to exercise of Public Warrants | 141 | 0 | — | — | — | |
| Unrealized gain on short term investments | 923,000 | 66,000 | 325,000 | −314,000 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Rigetti Computing, Inc.'s CIK number?
Rigetti Computing, Inc.'s SEC CIK number is 0001838359 (1838359). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Rigetti Computing, Inc.'s SEC filings?
All of Rigetti Computing, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Rigetti Computing, Inc. last report earnings?
Rigetti Computing, Inc. (RGTI) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-058635). This is Rigetti Computing, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Rigetti Computing, Inc.'s most recent earnings 8-K?
Rigetti Computing, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001104659-26-058635. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Rigetti Computing, Inc.'s latest earnings 8-K →
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