See more : SeqLL Inc. (SQLLW) Income Statement Analysis – Financial Results
Complete financial analysis of Rigetti Computing, Inc. (RGTI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Rigetti Computing, Inc., a leading company in the Computer Hardware industry within the Technology sector.
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Rigetti Computing, Inc. (RGTI)
About Rigetti Computing, Inc.
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 12.01M | 13.10M | 8.20M | 5.54M | 735.48K |
| Cost of Revenue | 2.80M | 2.87M | 6.27M | 1.49M | 288.16K |
| Gross Profit | 9.21M | 10.23M | 1.92M | 4.05M | 447.32K |
| Gross Profit Ratio | 76.68% | 78.07% | 23.45% | 73.09% | 60.82% |
| Research & Development | 52.77M | 59.95M | 26.93M | 24.10M | 29.45M |
| General & Administrative | 0.00 | 47.63M | 12.33M | 13.16M | 16.16M |
| Selling & Marketing | 0.00 | 6.35M | 2.70M | 1.89M | 2.54M |
| SG&A | 27.74M | 53.98M | 9.12M | 15.04M | 18.70M |
| Other Expenses | 991.00K | 2.50M | 0.00 | 42.13K | -5.06M |
| Operating Expenses | 80.51M | 113.93M | 36.05M | 39.14M | 48.15M |
| Cost & Expenses | 83.31M | 116.81M | 42.33M | 40.63M | 48.44M |
| Interest Income | 5.08M | 2.43M | 10.00K | 60.15K | 670.85K |
| Interest Expense | 5.78M | 5.29M | 2.47M | 0.00 | 0.00 |
| Depreciation & Amortization | 7.43M | 7.55M | 4.65M | 4.30M | 3.94M |
| EBITDA | -60.22M | -58.68M | -31.13M | -35.09M | -43.76M |
| EBITDA Ratio | -501.50% | -719.38% | -359.66% | -716.38% | -5,897.86% |
| Operating Income | -72.30M | -103.70M | -34.13M | -35.09M | -47.70M |
| Operating Income Ratio | -602.06% | -791.51% | -416.41% | -633.13% | -6,485.81% |
| Total Other Income/Expenses | -2.81M | 37.56M | -1.01M | 8.96M | -6.11M |
| Income Before Tax | -75.11M | -71.52M | -38.24M | -26.13M | -53.82M |
| Income Before Tax Ratio | -625.47% | -545.88% | -466.58% | -471.39% | -7,317.15% |
| Income Tax Expense | 0.00 | -35.04M | -2.47M | -8.92M | 1.05M |
| Net Income | -75.11M | -36.49M | -38.24M | -17.21M | -54.87M |
| Net Income Ratio | -625.47% | -278.48% | -466.58% | -310.42% | -7,460.35% |
| EPS | -0.57 | -0.36 | -2.10 | -0.40 | -0.48 |
| EPS Diluted | -0.57 | -0.36 | -2.10 | -0.40 | -0.48 |
| Weighted Avg Shares Out | 131.98M | 102.30M | 18.22M | 43.13M | 113.81M |
| Weighted Avg Shares Out (Dil) | 131.98M | 102.30M | 18.22M | 43.13M | 113.81M |
Rigetti to Present Keynote at SEMICON Europa 2024
BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON Europa...
Rigetti Computing, Inc. (RGTI) Q3 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton -...
Rigetti Computing Reports Third Quarter 2024 Financial Results and Business Updates
BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including...
Rigetti Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?
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Rigetti and Riverlane Progress Towards Fault Tolerant Quantum Computing with Real-Time and Low Latency Error Correction on Rigetti QPU
By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers By integrating Riverlane's quantum...
Fully Operational Rigetti QPU Included in UK's Recently Opened National Quantum Computer Centre
The UK's National Quantum Computing Centre (NQCC) officially opened the doors of its landmark facility on Harwell Campus on October 25. The state-of-the-art facility includes a fully operational 24-qubit Ankaa ™ -class Rigetti system, which will be made available to...
Here is What to Know Beyond Why Rigetti Computing, Inc. (RGTI) is a Trending Stock
Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Rigetti Computing to Report Third Quarter 2024 Financial Results and Host Conference Call on November 12, 2024
BERKELEY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2024 results on Tuesday, November 12, 2024 pre-market open.
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