Rigetti Computing, Inc.
Rigetti Computing, Inc. (RGTI) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Rigetti Computing, Inc. (RGTI), covering cash flow, earnings, and balance sheets.
Rigetti Computing, Inc. (RGTI) Income Statement & Financial Overview
Review Rigetti Computing, Inc. RGTI income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $2.27M | $2.38M | $3.09M | $3.05M |
| Cost of Revenue | $1.27M | $1.17M | $1.10M | $3.34M |
| Gross Profit | $1.003M | $1.20M | $1.99M | -$287000.00 |
| Gross Profit Ratio | $0.44 | $0.51 | $0.64 | -$0.09 |
| R&D Expenses | $13.66M | $12.75M | $11.87M | $9.68M |
| SG&A Expenses | $5.84M | $5.80M | $6.21M | $6.61M |
| Operating Expenses | $19.50M | $18.55M | $18.07M | $16.30M |
| Total Costs & Expenses | $20.77M | $19.72M | $19.17M | $19.64M |
| Interest Income | $1.55M | $1.23M | $1.22M | $1.12M |
| Interest Expense | $446000.00 | $733000.00 | $969000.00 | $1.11M |
| Depreciation & Amortization | $1.75M | $1.82M | $1.55M | $1.79M |
| EBITDA | -$150.76M | -$12.28M | -$9.90M | -$17.88M |
| EBITDA Ratio | -$66.30 | -$5.16 | -$3.21 | -$5.86 |
| Operating Income | -$18.49M | -$17.35M | -$16.09M | -$16.59M |
| Operating Income Ratio | -$8.13 | -$7.29 | -$5.21 | -$5.43 |
| Other Income/Expenses (Net) | -$134.47M | $2.51M | $3.66M | -$4.19M |
| Income Before Tax | -$152.96M | -$14.83M | -$12.42M | -$20.77M |
| Income Before Tax Ratio | -$67.27 | -$6.24 | -$4.02 | -$6.81 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $1.74M |
| Net Income | -$152.96M | -$14.83M | -$12.42M | -$20.77M |
| Net Income Ratio | -$67.27 | -$6.24 | -$4.02 | -$6.81 |
| EPS | -$0.68 | -$0.08 | -$0.07 | -$0.14 |
| Diluted EPS | -$0.68 | -$0.08 | -$0.07 | -$0.14 |
| Weighted Avg Shares Outstanding | $226.36M | $188.39M | $171.90M | $151.85M |
| Weighted Avg Shares Outstanding (Diluted) | $226.36M | $188.39M | $171.90M | $151.85M |
The company's financials show resilient growth, with revenue advancing from $3.05M in Q1 2024 to $2.27M in Q4 2024. Gross profit remained healthy with margins at 44% in Q4 2024 compared to -9% in Q1 2024. Operating income hit -$18.49M last quarter, sustaining a consistent -813% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$150.76M. Net income dropped to -$152.96M, while earnings per share reached -$0.68. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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