Financial Snapshot

Revenue
$11.89M
TTM
Gross Margin
59.7%
TTM
Net Earnings
-$60.60M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
484.0%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$122.8M
Q3 2024
Cash
Q3 2024
P/E
-12.43
Nov 29, 2024 EST
Free Cash Flow
-$65.87M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020
Revenue $12.01M $13.10M $0.00 $0.00
YoY Change -8.35%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2023 2022 2021 2020
Revenue $12.01M $13.10M $0.00 $0.00
Cost Of Revenue $2.800M $2.873M $2.414M $3.190M
Gross Profit $9.208M $10.23M $5.783M $2.353M
Gross Profit Margin 76.68% 78.07%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $27.74M $53.98M $4.905M $14.69K
YoY Change -48.6% 1000.53% 33289.52%
% of Gross Profit 301.3% 527.72% 84.82% 0.62%
Research & Development $52.77M $59.95M $26.93M $24.10M
YoY Change -11.98% 122.64% 11.74%
% of Gross Profit 573.07% 586.1% 465.65% 1024.16%
Depreciation & Amortization $7.400M $7.000M $4.651M $4.299M
YoY Change 5.71% 50.5% 8.18%
% of Gross Profit 80.36% 68.43% 80.43% 182.71%
Operating Expenses $81.50M $119.3M $4.905M $14.69K
YoY Change -31.69% 2332.44% 33289.52%
Operating Profit -$72.30M -$109.1M -$4.905M $2.338M
YoY Change -33.72% 2123.89% -309.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $5.800M $5.286M -$17.76M $8.480K
YoY Change 9.72% -129.76% -209566.16%
% of Operating Profit 0.36%
Other Income/Expense, Net -$2.812M $37.56M -$502.4K $42.13K
YoY Change -107.49% -7575.17% -1292.62%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

No data

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$75.11M -$71.52M -$23.17M -$14.69K
YoY Change 5.01% 208.68% 157627.03%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$75.11M -$71.52M -$23.17M -$14.69K
YoY Change 5.01% 208.68% 157627.03%
Net Earnings / Revenue -625.47% -545.88%
Basic Earnings Per Share -$0.57 -$0.70
Diluted Earnings Per Share -$0.57 -$0.70 -$625.0K -$470.10

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $99.93M $142.8M $532.4K $22.20M
YoY Change -30.03% 26721.99% -97.6%
Cash & Equivalents $21.39M $57.89M $532.4K
Short-Term Investments $78.54M $84.92M
Other Short-Term Assets $2.709M $3.192M $235.4K $10.31K
YoY Change -15.13% 1255.99% 2183.22%
Inventory
Prepaid Expenses
Receivables $5.029M $8.464M $1.543M $479.4K
Other Receivables $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $107.7M $154.5M $767.8K $10.31K
YoY Change -30.3% 20017.08% 7347.53%
Property, Plant & Equipment $52.12M $48.85M $22.50M $20.14M
YoY Change 6.7% 117.12% 11.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $345.0M
YoY Change
Other Assets $129.0K $129.0K $35.68K $33.00K
YoY Change 0.0% 261.55% 8.12%
Total Long-Term Assets $52.25M $48.98M $345.1M $33.00K
YoY Change 6.68% -85.81% 1045521.06%
Total Assets $159.9M $203.4M $345.8M $43.31K
YoY Change
Accounts Payable $5.772M $1.938M $314.1K $1.108M
YoY Change 197.83% 517.02% -71.65%
Accrued Expenses $10.49M $9.924M $3.923M $33.00K
YoY Change 5.67% 152.99% 11786.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.16M $8.303M $1.291M $0.00
YoY Change 46.5% 543.37%
Total Short-Term Liabilities $29.05M $21.75M $4.237M $33.00K
YoY Change 33.56% 413.42% 12738.55%
Long-Term Debt $9.894M $20.64M $0.00 $0.00
YoY Change -52.05%
Other Long-Term Liabilities $11.38M $10.83M $43.06M $381.3K
YoY Change 5.06% -74.85% 11193.67%
Total Long-Term Liabilities $21.27M $31.47M $43.06M $0.00
YoY Change -32.39% -26.93%
Total Liabilities $50.33M $53.22M $47.30M $33.00K
YoY Change -5.44% 12.51% 143231.73%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 132.0M 102.3M
Diluted Shares Outstanding 132.0M 102.3M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $753.54 Million

About Rigetti Computing, Inc.

Rigetti Computing, Inc. provides full-stack quantum computing services. The company is headquartered in Berkeley, California and currently employs 134 full-time employees. The company went IPO on 2021-03-02. The firm operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The firm's quantum-classical infrastructure provides high performance integration with public and private clouds for practical quantum computing. The company has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. The company is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The firm designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.

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