RGTI
Rigetti Computing, Inc. (RGTI)
Last Price$7.7(9.0%)
Market Cap$1,565.5M
$11.9M
-19.1% YoY
($60.6M)
-32.3% YoY
($70.1M)
Net Debt to FCF - 1.1x
($65.8M)
(553.0% margin)

RGTI Income Statement

RGTI Income Statement Overview

Annual
Quarterly
LTM
Jan'20
Jan'21
Dec'21
Dec'22
Dec'23
$12.0M (8.3%) YoY
$9,208.0K (10.0%) YoY
76.7% margin
Cost of revenue
$2,800.0K (2.5%) YoY
Operating expenses
$81.5M (28.5%) YoY
Net income
$75.1M 105.9% YoY
(625.5%) margin
Other: $74.1M
R&D
$52.8M (12.0%) YoY
439.4% of revenue
SG&A
$27.7M (48.6%) YoY
231.0% of revenue

RGTI Income statement key metrics

Annual
Quarterly
LTM

Revenue

$12.0M -8.3% YoY

Operating Income

($72.3M) -30.3% YoY

Net Income

($75.1M) +105.9% YoY

RGTI Balance Sheet

RGTI Balance Sheet Overview

Annual
Quarterly
LTM
Jan'20
Jan'21
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$159.9M
Current assets ($107.7M, 67.3% of total)
$99.9M (62.5%)
$5,029.0K (3.1%)
Other current assets
$2,709.0K (1.7%)
Non-current assets ($52.2M, 32.7% of total)
Other non-current assets
$129.0K (0.1%)
Financial position
($67.2M)
$99.9M$32.8M
Cash & Short-term Investments
Total Debt

RGTI Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$159.9M -21.4% YoY

Liabilities

$50.3M -5.4% YoY

Shareholder's Equity

$109.6M -27.1% YoY

RGTI Cash Flow Statement

RGTI Cash Flow Statement Overview

Annual
Quarterly
LTM
Jan'20
Jan'21
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$57.9M($50.6M)$773.0K$13.2M$80.0K$21.4M

RGTI Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

($50.6M) -19.5% YoY

Capital Expenditure (CAPEX)

($9,059.0K) -60.2% YoY

Free Cash Flow (FCF)

($59.6M) -30.3% YoY

RGTI Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Jan'20Jan'21Dec'21Dec'22Dec'23
% growth
0.7
0.0%
5.5
653.6%
8.2
47.9%
13.1
59.9%
12.0
(8.3%)
Cost of Goods Sold (COGS)0.31.56.32.92.8
% margin
0.4
60.8%
4.1
73.1%
1.9
23.5%
10.2
78.1%
9.2
76.7%
Operating Expenses48.139.136.1113.981.5
Research & Development Expenses (R&D)29.424.126.960.052.8
Selling, General & Administrative Expenses (SG&A)18.715.09.154.027.7
(47.7)
(6,485.8%)
(35.1)
(633.1%)
(34.1)
(416.4%)
(103.7)
(791.5%)
(72.3)
(602.1%)
Interest Income0.70.10.02.45.1
Interest Expense0.00.02.55.35.8
Pre-tax Income(53.8)(26.1)(38.2)(71.5)(75.1)
% effective tax rate
1.1
(2.0%)
(8.9)
34.1%
(2.5)
6.4%
(35.0)
49.0%
0.0
0.0%
% margin
(54.9)
(7,460.4%)
(17.2)
(310.4%)
(38.2)
(466.6%)
(36.5)
(278.5%)
(75.1)
(625.5%)
EPS(0.48)(0.40)(2.10)(0.36)(0.57)
Diluted EPS(0.48)(0.40)(2.10)(0.36)(0.57)
% margin
(43.8)
(5,949.9%)
(35.1)
(633.1%)
(31.1)
(379.8%)
(58.7)
(447.9%)
(61.9)
(515.5%)