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 Computing, Inc. (RGTI) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Rigetti Computing, Inc. (RGTI) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Wall Street Analysts See Rigetti Computing (RGTI) as a Buy: Should You Invest?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
Investors Heavily Search Rigetti Computing, Inc. (RGTI): Here is What You Need to Know
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Rigetti Introduces Novel Chip Fabrication Process For Scalable, High Performing QPUs
Rigetti's novel technique, Alternating-Bias Assisted Annealing (ABAA), allows for more precise qubit frequency targeting, enabling improved execution of 2-qubit gates and a reduction in defects, which both contribute to higher fidelity. This work was recently published in Nature Communications Materials.
Should You Invest in Rigetti Computing (RGTI) Based on Bullish Wall Street Views?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do...
Rigetti Computing, Inc. (RGTI) Q2 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants Craig Ellis - B. Riley Securities Quinn Bolton -...
Rigetti Computing, Inc. (RGTI) Reports Q2 Loss, Lags Revenue Estimates
Rigetti Computing, Inc. (RGTI) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.13 per share a year ago.
Rigetti Computing Reports Second Quarter 2024 Financial Results
BERKELEY, Calif., Aug. 08, 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 second quarter ended June 30, 2024.
Rigetti Computing (RGTI) to Post Q2 Earnings: What's in Store?
Rigetti Computing's (RGTI) second-quarter performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships.
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