Rigetti Computing Inc
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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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.
FY2023 · Filed Mar 14, 2024
RGTI$12.15-6.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations Consolidated Statements of Comprehensive Loss
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except for per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · | ||||||
| | Year Ended December 31, | |||||
| · 2023 · 2022 | ||||||
| Revenue | | $12,008 | | $13,102 | ||
| Cost of revenue | | | 2,800 | | | 2,873 |
| Total gross profit | | | 9,208 | | | 10,229 |
| Operating expenses: | | | | | ||
| Research and development | | | 52,768 | | | 59,952 |
| Selling, general and administrative | | | 27,744 | | | 53,980 |
| Goodwill impairment | | | — | | | 5,377 |
| Restructuring | | | 991 | | | — |
| Total operating expenses | | | 81,503 | | | 119,309 |
| Loss from operations | | | (72,295) | | | (109,080) |
| Other income (expense), net | | | | | ||
| Interest expense | | | (5,779) | | | (5,286) |
| Interest income | | | 5,076 | | | 2,433 |
| Change in fair value of derivative warrant liabilities | | | (1,160) | | | 22,132 |
| Change in fair value of earn-out liabilities | | | (949) | | | 19,207 |
| Transaction costs | | | — | | | (927) |
| Total other (expense) income, net | | | (2,812) | | | 37,559 |
| Net loss before provision for income taxes | | | (75,107) | | | (71,521) |
| Provision for income taxes | | | — | | | — |
| Net loss | | $(75,107) | | $(71,521) | ||
| Net loss per share attributable to common stockholders - basic and diluted | | $(0.57) | | $(0.70) | ||
| Weighted average shares used in computing net loss per share attributable to common stockholders – basic and diluted | | | 131,977 | | | 102,301 |
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · · · | ||||||
| | Year Ended December 31, | |||||
| · 2023 · 2022 | ||||||
| Net loss | | $(75,107) | | $(71,521) | ||
| Other comprehensive income (loss): | | | | | ||
| Foreign currency translation adjustments | | | 80 | | | 101 |
| Unrealized gains (losses) on available-for-sale debt securities | | | 325 | | | (314) |
| Total other comprehensive income (loss) before income taxes | | | 405 | | | (213) |
| Income taxes | | | — | | | — |
| Total other comprehensive income (loss) after income taxes | | | 405 | | | (213) |
| Total comprehensive loss | | $(74,702) | | $(71,734) | ||
See accompanying notes to consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.