Rigetti Computing Inc

For the period ended Dec 31, 2024. Filed Mar 7, 2025.

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.

FY2024 · Filed Mar 7, 2025

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,
· 2024 · 2023
Cash flows from operating activities: · ·
Net loss		$(200,988)	$(75,107)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		6,906	7,426
Stock-based compensation		13,069	12,409
Change in fair value of earn-out liabilities		43,742	949
Change in fair value of derivative warrant liabilities		90,168	1,160
Change in fair value of forward contract		—	2,229
Impairment of deferred offering costs		—	836
Accretion of available-for-sale securities		(3,622)	(3,121)
Loss on extinguishment of debt		426	—
Amortization of debt issuance costs, commitment fees and accretion of final payment fees		844	1,453
Non-cash lease expense		1,909	1,682
Changes in operating assets and liabilities:
Accounts receivable		2,602	1,206
Prepaid expenses, other current assets and other assets		(2,434)	(259)
Deferred revenue		468	(618)
Accounts payable		(1,036)	895
Accrued expenses and operating lease liabilities		(2,681)	(1,719)
Net cash used in operating activities		(50,627)	(50,579)
Cash flows from investing activities:
Purchases of property and equipment		(11,098)	(9,059)
Purchases of available-for-sale securities		(224,764)	(109,252)
Maturities of available-for-sale securities		157,500	119,084
Net cash (used in) provided by investing activities		(78,362)	773
Cash flows from financing activities:
Principal repayments and prepayment and final payment fees of notes payable		(23,328)	(8,333)
Net payments of tax withholdings on sell-to-cover equity award transactions		(6,272)	—
Proceeds from sale of common stock through Common Stock Purchase Agreement		12,838	20,544
Proceeds from sale of common stock through At-The-Market (ATM) Offering		97,500	—
Proceeds from sale of common stock through registered direct offering		96,000	—
Payments of offering costs		(1,833)	(107)
Proceeds from issuance of common stock upon exercise of stock options and warrants		554	1,126
Net cash provided by financing activities		175,459	13,230
Effects of exchange rate changes on cash and cash equivalents		(188)	80
Net increase (decrease) in cash and cash equivalents		46,282	(36,496)
Cash and cash equivalents – beginning of period		21,392	57,888
Cash and cash equivalents – end of period		$67,674	$21,392
Supplemental disclosures of other cash flow information:
Cash paid for interest		$2,350	$4,340
Non-cash investing and financing activities:
Capitalization of deferred costs to equity upon share issuance		—	13
Purchases of property and equipment recorded in accounts payable		466	3,612
Purchases of property and equipment recorded in accrued expenses		150	1,019
Non-cash addition to operating lease right-of-use assets and lease liability		2,268	—
Unrealized gain on short term investments		66	325

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.