RGTI financial statements
The full income statement, balance sheet, and cash-flow statement for Rigetti Computing Inc. (RGTI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.09M-34.3% | 10.8M-10.1% | 12.0M-8.3% | 13.1M+59.9% | 8.20M | |
| 2.06M-63.8% | 5.70M-38.1% | 9.21M-10.0% | 10.2M+55.6% | 6.57M | ||
| Cost of revenue | 5.02M-1.4% | 5.09M+81.9% | 2.80M-2.5% | 2.87M+77.0% | 1.62M | |
| 86.7M+16.9% | 74.2M-9.0% | 81.5M-31.7% | 119M+193.1% | 40.7M | ||
| Research & development | 61.3M+23.3% | 49.8M-5.7% | 52.8M-12.0% | 60.0M+122.6% | 26.9M | |
| Selling, general & administrative | 25.4M+3.8% | 24.5M-11.8% | 27.7M-48.6% | 54.0M+377.7% | 11.3M | |
| General & administrative | 25.4M+3.8% | 24.5M-11.8% | 27.7M-48.6% | 54.0M+377.7% | 11.3M | |
| Selling & marketing | — | — | — | 6.35M+156.5% | 2.48M | |
| Restructuring | — | 0.00-100.0% | 991K | 0.00 | — | |
| Operating income | -84.7M-23.6% | -68.5M+5.2% | -72.3M+33.7% | -109M-219.6% | -34.1M | |
| Interest expense | 0.00-100.0% | 3.25M-43.7% | 5.78M+9.3% | 5.29M+114.4% | 2.46M | |
| Interest & investment income | 16.6M+223.9% | 5.11M+0.7% | 5.08M+108.6% | 2.43M+24230.0% | 10.0K | |
| Other non-operating income | -132M+0.7% | -132M-4611.2% | -2.81M-107.5% | 37.6M+1013.4% | -4.11M | |
| Pre-tax income | -216M-7.6% | -201M-167.6% | -75.1M-5.0% | -71.5M-87.0% | -38.2M | |
| Income tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net income | -216M-7.6% | -201M-167.6% | -75.1M-5.0% | -71.5M-87.0% | -38.2M | |
| -$0.70+35.8% | -$1.09-91.2% | -$0.57+18.6% | -$0.70 | — | ||
| EPS (basic) | -$0.70+35.8% | -$1.09-91.2% | -$0.57+18.6% | -$0.70 | — | |
| Weighted-avg shares (basic) | 310M+67.7% | 185M+39.9% | 132M+29.0% | 102M+338.4% | 23.3M | |
| Weighted-avg shares (diluted) | 310M+67.7% | 185M+39.9% | 132M+29.0% | 102M+338.4% | 23.3M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 455M+119.9% | 207M+92.0% | 108M-30.3% | 154M+754.7% | 18.1M | ||
| Cash & equivalents | 44.9M-33.7% | 67.7M+216.4% | 21.4M-63.0% | 57.9M+393.5% | 11.7M | |
| Short-term investments | — | — | — | 84.9M | — | |
| Accounts receivable | 2.55M+5.1% | 2.43M-51.7% | 5.03M-19.3% | 6.24M+304.1% | 1.54M | |
| Prepaid expenses | 3.19M+1.0% | 3.16M+16.5% | 2.71M+10.6% | 2.45M+81.3% | 1.35M | |
| Other current assets | 5.51M-39.3% | 9.08M+1077.8% | 771K | — | — | |
| 667M+134.1% | 285M+78.1% | 160M-21.4% | 203M+338.2% | 46.4M | ||
| Property, plant & equipment | 57.1M+27.8% | 44.6M+0.4% | 44.5M+12.5% | 39.5M+75.7% | 22.5M | |
| Operating lease right-of-use | 6.41M-19.8% | 7.99M+4.7% | 7.63M-18.1% | 9.32M+47.9% | 6.30M | |
| Goodwill | — | — | — | 0.00-100.0% | 5.38M | |
| 12.2M+2.4% | 11.9M-59.2% | 29.1M+33.6% | 21.8M+187.5% | 7.57M | ||
| Accounts payable | 3.49M+119.4% | 1.59M-72.5% | 5.77M+197.8% | 1.94M-1.7% | 1.97M | |
| Accrued liabilities | 5.58M-30.3% | 8.01M-6.5% | 8.56M+4.4% | 8.21M+109.2% | 3.92M | |
| Deferred revenue | 847K+649.6% | 113K-67.1% | 343K-64.3% | 961K-2.4% | 985K | |
| Short-term & current debt | — | 0.00-100.0% | 12.2M+46.5% | 8.30M+1344.0% | 575K | |
| Current lease liability | 2.23M+3.5% | 2.16M-2.3% | 2.21M-5.8% | 2.35M | 0.00 | |
| Other current liabilities | — | — | — | 626K | — | |
| 120M-23.9% | 158M+214.4% | 50.3M-5.4% | 53.2M+46.1% | 36.4M | ||
| Long-term debt | — | 0.00-100.0% | 9.89M-52.1% | 20.6M-23.6% | 27.0M | |
| Deferred revenue (non-current) | 698K+0.0% | 698K | 0.00 | — | — | |
| Non-current lease liability | 4.93M-25.7% | 6.64M+5.5% | 6.30M-19.9% | 7.86M | 0.00 | |
| Operating lease liability (total) | 7.17M-18.6% | 8.80M+3.4% | 8.51M-16.6% | 10.2M | — | |
| 546M+331.5% | 127M+15.5% | 110M-27.1% | 150M+310.0% | -71.5M | ||
| Common stock | 33.0K+13.8% | 29.0K+107.1% | 14.0K+16.7% | 12.0K+500.0% | 2.00K | |
| Additional paid-in capital | 1.32B+93.2% | 681M+47.1% | 463M+7.9% | 429M+216.5% | 136M | |
| Retained earnings | -771M-39.0% | -555M-56.8% | -354M-27.0% | -279M | 0.00 | |
| Accumulated other comprehensive income | 997K+849.5% | 105K-57.0% | 244K+251.6% | -161K-409.6% | 52.0K | |
| Total liabilities & equity | 667M+134.1% | 285M+78.1% | 160M-21.4% | 203M+338.2% | 46.4M | |
| Common shares issued | 331M+16.8% | 284M+92.8% | 147M+17.4% | 125M+587.4% | 18.2M | |
| Common shares outstanding | 331M+16.8% | 284M+92.8% | 147M+17.4% | 125M+587.4% | 18.2M | |
| Shares outstanding (cover) | 332M+16.2% | 286M+79.9% | 159M+23.4% | 129M | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -58.5M-15.6% | -50.6M-0.1% | -50.6M+19.3% | -62.7M-115.8% | -29.0M | ||
| Depreciation & amortization | 8.10M+17.4% | 6.90M-6.8% | 7.40M+5.7% | 7.00M+50.5% | 4.65M | |
| Share-based compensation | 17.6M+34.7% | 13.1M+5.3% | 12.4M-72.3% | 44.8M+2438.9% | 1.76M | |
| Change in receivables | 124K+104.8% | -2.60M-115.8% | -1.21M-125.7% | 4.69M+341.4% | 1.06M | |
| Change in payables | 111K+110.7% | -1.04M-215.8% | 895K+226.6% | -707K-81.7% | -389K | |
| -403M-414.7% | -78.4M-10237.4% | 773K+100.7% | -107M-1427.2% | -7.01M | ||
| Capital expenditure | 18.7M+68.3% | 11.1M+22.5% | 9.06M-60.2% | 22.7M+224.4% | 7.01M | |
| Free cash flow | -77.2M-25.1% | -61.7M-3.5% | -59.6M+30.2% | -85.4M-137.0% | -36.1M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 251M+59.4% | 158M+32.3% | 119M | 0.00 | — | |
| 439M+150.2% | 175M+1226.2% | 13.2M-93.9% | 215M+742.2% | 25.6M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 12.8M-37.5% | 20.5M | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -38.0K+79.8% | -188K-335.0% | 80.0K-20.8% | 101K+2120.0% | -5.00K | |
| Net change in cash | -22.8M-149.3% | 46.3M+226.8% | -36.5M-179.6% | 45.8M+537.7% | -10.5M | |
| Interest paid | 0.00-100.0% | 2.35M-45.9% | 4.34M+13.6% | 3.82M+156.5% | 1.49M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 7.36B+68.7% | 4.36B+3049.9% | 138M+54.4% | 89.7M-52.2% | 187M | |
| P/S | 1038.0×+156.8% | 404.2×+4189.3% | 9.4×-11.5% | 10.7×-53.4% | 22.9× | |
| P/B | 13.5×-60.9% | 34.5×+2704.1% | 1.2×+127.3% | 0.5× | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: RGTI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RGTI filings on SEC EDGAR → Not investment advice.
