Rigetti Computing, Inc.

For the period ended Dec 31, 2025. Filed Mar 4, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 4, 2026

RGTI$12.15-6.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS



	Year Ended December 31,
· · 2025 · · 2024
Cash flows from operating activities: · · · ·
Net loss		$(216,210)	$(200,988)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		8,169	6,906
Stock-based compensation		17,605	13,069
Change in fair value of earn-out liabilities		(2,518)	43,742
Change in fair value of derivative warrant liabilities		150,629	90,168
Accretion of available-for-sale securities		(9,918)	(3,622)
Loss on extinguishment of debt		—	426
Amortization of debt issuance costs, commitment fees and accretion of final payment fees		—	844
Non-cash lease expense		1,582	1,909
Changes in operating assets and liabilities:
Accounts receivable		(124)	2,602
Prepaid expenses, other current assets and other assets		(4,440)	(2,434)
Deferred revenue		734	468
Accounts payable		111	(1,036)
Accrued expenses and operating lease liabilities		(4,163)	(2,681)
Net cash used in operating activities		(58,543)	(50,627)
Cash flows from investing activities:
Purchases of property and equipment		(18,676)	(11,098)
Purchases of available-for-sale securities		(635,652)	(224,764)
Maturities of available-for-sale securities		251,000	157,500
Net cash used in investing activities		(403,328)	(78,362)
Cash flows from financing activities:
Payments of principal of notes payable		—	(23,328)
Proceeds from sale of common stock through Common Stock Purchase Agreement		—	12,838
Proceeds from sale of common stock through ATM Offerings		346,719	97,500
Proceeds from sale of common stock through registered direct offering		—	96,000
Proceeds from sale of common stock from Quanta private placement transaction		35,000	—
Payments of offering costs		(888)	(1,833)
Net proceeds (payments) from tax withholdings on sell-to-cover equity award transactions		6,272	(6,272)
Proceeds from issuance of common stock upon exercise of stock options		1,992	552
Proceeds from issuance of common stock upon exercise of warrants		49,991	2
Net cash provided by financing activities		439,086	175,459
Effects of exchange rate changes on cash and cash equivalents		(38)	(188)
Net decrease in cash and cash equivalents		(22,823)	46,282
Cash and cash equivalents – beginning of period		67,674	21,392
Cash and cash equivalents – end of period		$44,851	$67,674
Supplemental disclosures of other cash flow information:
Cash paid for interest		$—	$2,350
Non-cash investing and financing activities:
Purchases of property and equipment recorded in accounts payable		2,254	466
Purchases of property and equipment recorded in accrued expenses		259	150
Non-cash addition to operating lease right-of-use asset and liability		—	2,268
Reclassification of earn-out liabilities to additional paid-in capital for vesting of Sponsor Vesting Shares		43,379	—
Reclassification of derivative liabilities to additional paid-in capital due to exercise of Public Warrants		141,130	—
Unrealized gain on short term investments		923	66

See accompanying notes to consolidated financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.