Rigetti Computing, Inc. income statement
In fiscal 2025, Rigetti Computing, Inc. reported revenue of $7.1m, down 34.3% on the year before, operating income of −$84.7m (a -1194.4% margin) and net income of −$216m, or −$0.70 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 8 | 13 | 12 | 11 | 7 | 13 |
| Cost of revenue | 2 | 3 | 3 | 5 | 5 | 9 |
| Gross profit | 7 | 10 | 9 | 6 | 2 | 5 |
| Research and development | 27 | 60 | 53 | 50 | 61 | 73 |
| Selling and marketing | 2 | 6 | — | — | — | — |
| General and administrative | 11 | 54 | 28 | 24 | 25 | — |
| Operating income | −34 | −109 | −72 | −69 | −85 | −97 |
| Interest expense | 2 | 5 | 6 | 3 | 0 | — |
| Income before tax | −38 | −72 | −75 | −201 | −216 | −239 |
| Income tax | 0 | 0 | 0 | 0 | 0 | — |
| Net income | −38 | −72 | −75 | −201 | −216 | −239 |
| Diluted EPS | −$1.64 | −$0.70 | −$0.57 | −$1.09 | −$0.70 | −$0.73 |
| Diluted shares (average) | 23m | 102m | 132m | 185m | 310m | 327m |
| EBITDA | −29 | −102 | −65 | −62 | −77 | −87 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 2 | 2 | 2 | 4 | 5 |
| Cost of revenue | 1 | 1 | 1 | 1 | 2 | 1 | 3 | 3 |
| Gross profit | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 2 |
| Research and development | 13 | 14 | 15 | 14 | 15 | 17 | 20 | 21 |
| Selling, general and administrative | 6 | — | 7 | 7 | 6 | — | 7 | 10 |
| General and administrative | — | 6 | — | — | — | — | — | — |
| Operating income | −17 | −18 | −22 | −20 | −21 | −23 | −26 | −28 |
| Interest expense | 1 | 0 | — | — | — | — | — | — |
| Income before tax | −15 | −153 | 43 | −40 | −201 | −18 | 33 | −53 |
| Income tax | 0 | 0 | 0 | 0 | — | — | — | — |
| Net income | −15 | −153 | 43 | −40 | −201 | −18 | 33 | −53 |
| Diluted EPS | −$0.08 | −$0.81 | $0.13 | −$0.13 | −$0.62 | −$0.05 | −$0.06 | −$0.16 |
| EBITDA | −16 | −17 | −20 | −18 | −18 | −20 | −23 | −25 |
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