Rigetti Computing, Inc. Warrants (RGTIW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RGTIW SEC filings page.
Rigetti Computing, Inc. Warrants (RGTIW) reported $13.4M in revenue over the twelve months to Jun 30, 2026, up 68.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Equity-funded balance-sheet expansion is occurring alongside shrinking revenue and a widening cash cost of development.
From FY2022 to FY2025, revenue fell from$13.1M to$7.1M while gross margin compressed from78.1% to29.1% ; the combination points to weaker commercial absorption, not merely a temporary loss below the gross-profit line. Meanwhile, FY2025 financing inflows of$439.1M coincided with shares rising to 332.2M and assets reaching$666.6M , indicating that external capital, rather than operating cash generation, has driven the balance-sheet expansion.
FY2025 research and development reached
Investing cash outflow was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Rigetti Computing, Inc. Warrants's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Rigetti Computing, Inc. Warrants held $589.8M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $58.5M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Rigetti Computing, Inc. Warrants scores 95/100 among other emerging companies.
Rigetti Computing, Inc. Warrants had 332M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Rigetti Computing, Inc. Warrants scores 20/100 among other emerging companies.
Rigetti Computing, Inc. Warrants spent $61.3M on research and development in fiscal year 2025, which was 66.9% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Rigetti Computing, Inc. Warrants scores 88/100 among other emerging companies.
Rigetti Computing, Inc. Warrants reported revenue of $7.1M in fiscal year 2025, against $10.8M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Rigetti Computing, Inc. Warrants scores 16/100 among other emerging companies.
Rigetti Computing, Inc. Warrants's operations used $58.5M of cash in fiscal year 2025, against $50.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Rigetti Computing, Inc. Warrants scores 38/100 among other emerging companies.
Rigetti Computing, Inc. Warrants's cash, cash equivalents and investments came to $589.8M at the end of fiscal year 2025, against $120.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Rigetti Computing, Inc. Warrants scores 89/100 among other emerging companies.
Rigetti Computing, Inc. Warrants passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Rigetti Computing, Inc. Warrants reported a net loss of $216.2M while operations used $58.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Rigetti Computing, Inc. Warrants generated $5.1M in revenue in Q2 2026. This represents an increase of 185.3% from the same quarter a year earlier. Against the prior quarter it is up 16.8%.
Rigetti Computing, Inc. Warrants's EBITDA was -$25.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 40.1% from the same quarter a year earlier. Against the prior quarter it is down 8.0%.
Rigetti Computing, Inc. Warrants reported -$52.6M in net income in Q2 2026. This represents a decrease of 32.7% from the same quarter a year earlier. Against the prior quarter it is down 258.9%.
Rigetti Computing, Inc. Warrants earned -$0.16 per diluted share (EPS) in Q2 2026. This represents a decrease of 23.1% from the same quarter a year earlier. Against the prior quarter it is down 166.7%.
Cash & Balance Sheet
Rigetti Computing, Inc. Warrants recorded an outflow of $27.8M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 27.2% from the same quarter a year earlier. Against the prior quarter it is down 34.6%.
Rigetti Computing, Inc. Warrants held $27.8M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Rigetti Computing, Inc. Warrants's gross margin was 42.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 11.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.3 percentage points.
Rigetti Computing, Inc. Warrants's ROE was -9.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 15.5 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Rigetti Computing, Inc. Warrants invested $20.7M in research and development in Q2 2026. This represents an increase of 53.3% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
Rigetti Computing, Inc. Warrants invested $12.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 111.6% from the same quarter a year earlier. Against the prior quarter it is up 171.9%.
Not reported for Q2 2026.
RGTIW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1M+185.3% | $4.4M+198.9% | $1.9M-17.9% | $1.9M-18.1% | $1.8M-41.6% | $1.5M-51.8% | $2.3M-32.6% | $2.4M-23.4% |
| Cost of Revenue | $3.0M+138.9% | $3.0M+193.4% | $1.2M-4.3% | $1.5M+31.4% | $1.2M+12.7% | $1.0M-33.6% | $1.3M+48.0% | $1.2M+40.8% |
| Gross Profit | $2.2M+286.6% | $1.4M+211.8% | $652K-35.0% | $404K-66.4% | $566K-71.6% | $442K-70.5% | $1.0M-60.1% | $1.2M-47.0% |
| R&D Expenses | $20.7M+53.3% | $20.0M+29.1% | $17.3M+27.0% | $15.0M+17.8% | $13.5M+13.9% | $15.5M+34.7% | $13.7M+6.8% | $12.8M-2.3% |
| SG&A Expenses | $9.5M+37.5% | $7.4M+11.4% | $5.9M+1.0% | $5.9M+2.3% | $6.9M+11.6% | $6.6M+0.1% | $5.8M-15.8% | $5.8M-4.1% |
| Operating Income | -$28.1M-41.1% | -$26.0M-20.0% | -$22.6M-22.2% | -$20.5M-18.5% | -$19.9M-23.6% | -$21.6M-30.4% | -$18.5M-7.5% | -$17.3M-3.1% |
| EBITDA | -$25.2M-40.1% | -$23.3M-17.8% | -$20.3M-21.2% | -$18.5M-19.0% | -$18.0M-23.7% | -$19.8M-33.8% | -$16.7M-3.5% | -$15.5M-5.6% |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $446K-64.8% | $733K-50.2% |
| Income Tax | N/A | N/A | N/A | N/A | $0 | $0 | $0 | $0 |
| Net Income | -$52.6M-32.7% | $33.1M-22.3% | -$18.2M+88.1% | -$201.0M-1254.9% | -$39.7M-219.2% | $42.6M+305.2% | -$153.0M-1116.7% | -$14.8M+33.2% |
| EPS (Basic) | -$0.16-23.1% | $0.10-33.3% | -$0.05+93.8% | -$0.62-675.0% | -$0.13-85.7% | $0.15+207.1% | -$0.81-800.0% | -$0.08+52.9% |
| EPS (Diluted) | -$0.16-23.1% | -$0.06-146.2% | -$0.05 | -$0.62 | -$0.13 | $0.13 | -$0.81-800.0% | -$0.08+52.9% |
| Diluted Shares (Avg) | 333M+11.7% | 335M+11.2% | N/A | 325M | 298M | 302M | N/A | 188M+40.7% |
RGTIW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $648.2M+1.8% | $650.7M+141.8% | $666.6M+134.1% | $630.3M+300.8% | $636.7M+292.0% | $269.1M+66.0% | $284.8M+78.1% | $157.3M-4.8% |
| Current Assets | $414.4M-4.4% | $432.2M+101.6% | $454.8M+119.9% | $456.3M+339.3% | $433.6M+295.4% | $214.4M+94.8% | $206.8M+92.0% | $103.9M-11.0% |
| Cash & Equivalents | $27.8M-51.4% | $48.1M+29.6% | $44.9M-33.7% | $26.1M+28.8% | $57.2M+176.5% | $37.2M+5.9% | $67.7M+216.4% | $20.3M-51.4% |
| Short-Term Investments | $365.9M-0.7% | $370.1M+115.2% | $398.7M+220.4% | $420.9M+482.1% | $368.6M+361.9% | $172.0M+154.2% | $124.4M+58.4% | $72.3M+5.6% |
| Accounts Receivable | $3.9M+120.5% | $4.4M+309.7% | $2.6M+5.1% | $2.3M-64.3% | $1.8M-66.5% | $1.1M-77.3% | $2.4M-51.7% | $6.4M+113.1% |
| Long-Term Investments | $147.6M+1.2% | $150.7M | $146.3M+483.7% | $112.0M | $145.9M | $0 | $25.1M | $0 |
| Total Liabilities | $110.8M+32.8% | $67.1M+8.2% | $120.4M-23.9% | $258.4M+651.0% | $83.4M+107.3% | $62.0M+33.2% | $158.2M+214.4% | $34.4M-34.5% |
| Current Liabilities | $105.1M+907.3% | $61.9M+443.2% | $12.2M+2.4% | $11.6M-45.8% | $10.4M-59.2% | $11.4M-54.2% | $11.9M-59.2% | $21.5M-6.9% |
| Non-Current Liabilities | $5.7M-92.1% | $5.2M-89.7% | $108.2M-26.0% | $246.8M+1805.6% | $73.0M+396.9% | $50.6M+133.7% | $146.3M+587.9% | $13.0M-56.1% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $2.1M-84.3% |
| Total Equity | $537.4M-2.9% | $583.6M+181.8% | $546.2M+331.5% | $371.8M+202.7% | $553.3M+352.9% | $207.1M+79.2% | $126.6M+15.5% | $122.8M+9.0% |
| Retained Earnings | -$790.5M-43.3% | -$737.8M-44.1% | -$771.0M-39.0% | -$752.8M-87.4% | -$551.8M-42.6% | -$512.1M-36.7% | -$554.7M-56.8% | -$401.8M-17.8% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
RGTIW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.8M+2.4% | -$16.2M-18.8% | -$14.9M-74.4% | -$13.8M+10.4% | -$16.2M-19.6% | -$13.7M-3.9% | -$8.5M+31.2% | -$15.4M-239.8% |
| Depreciation & Amortization | $2.9M+51.5% | $2.6M+43.0% | $2.3M+32.0% | $2.1M+13.9% | $1.9M+22.4% | $1.8M+2.4% | $1.7M+71.2% | $1.8M-14.6% |
| Stock-Based Compensation | $7.0M+97.5% | $5.9M+41.1% | N/A | $4.3M+25.4% | $3.6M+8.1% | $4.2M+39.6% | N/A | $3.4M-6.6% |
| Capital Expenditures | $12.0M+111.6% | $4.4M+73.2% | $4.6M+256.7% | $5.9M+158.5% | $5.7M+177.1% | $2.5M-53.6% | $1.3M-17.2% | $2.3M+28.3% |
| Free Cash Flow | -$27.8M-27.2% | -$20.6M-27.3% | -$19.5M-98.2% | -$19.7M-11.3% | -$21.8M-40.3% | -$16.2M+13.1% | -$9.8M+29.7% | -$17.7M-180.3% |
| Investing Cash Flow | -$4.8M+98.6% | $19.8M+183.9% | -$13.6M+82.4% | -$20.0M-418.9% | -$346.1M-2511.7% | -$23.6M-479.6% | -$77.6M-621.7% | $6.3M-56.2% |
| Financing Cash Flow | $398K-99.9% | $81K-98.8% | $47.2M-64.7% | $2.8M-67.6% | $382.2M+2986.2% | $6.9M-66.5% | $133.7M+4871.1% | $8.7M-15.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RGTIW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.6%+11.1pp | 31.3%+1.3pp | 34.9%-9.2pp | 20.8%-29.9pp | 31.4%-33.1pp | 30.0%-19.1pp | 44.1%-30.4pp | 50.6%-22.5pp |
| Operating Margin | -546.2% | -589.8% | -1209.7% | -1055.4% | -1103.9% | -1469.6% | -813.3% | -729.4% |
| Net Margin | -1023.9% | 752.5% | -974.7% | -10321.9% | -2201.8% | 2895.3% | -6726.5% | -623.8% |
| Return on Equity | -9.8%-2.6pp | 5.7%-14.9pp | -3.3%+117.5pp | -54.0%-42.0pp | -7.2%+3.0pp | 20.6%+38.6pp | -120.8%-109.4pp | -12.1%+7.6pp |
| Return on Assets | -8.1%-1.9pp | 5.1%-10.8pp | -2.7%+51.0pp | -31.9%-22.5pp | -6.2%+1.4pp | 15.8%+28.6pp | -53.7%-45.9pp | -9.4%+4.0pp |
| Current Ratio | 3.94-37.6x | 6.98-11.8x | 37.42+20.0x | 39.22+34.4x | 41.57+37.3x | 18.82+14.4x | 17.42+13.7x | 4.84-0.2x |
| Debt-to-Equity | 0.21+0.1x | 0.12-0.2x | 0.22+0.2x | 0.70+0.7x | 0.15+0.1x | 0.30+0.2x | 0.00-0.1x | 0.02-0.1x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.020.0x |
| FCF Margin | -540.5% | -468.8% | -1042.5% | -1012.4% | -1212.4% | -1100.4% | -432.1% | -744.5% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Rigetti Computing, Inc. Warrants RGTIW | FY2025 | $7.1M | -$216.2M | N/A | N/A | 58/100 |
| AGM Group Holdings Inc. AGMH | FY2025 | $30.6M | $562K | 1.8% | $3.0M | 52/100 |
| ZSPACE INC NEW ZSPC | FY2025 | $27.9M | -$25.4M | -91.1% | $1.3M | — |
| KEY Tronic Corp KTCC | FY2025 | $467.9M | -$8.3M | -1.8% | $25.3M | 33/100 |
| Socket Mobile, Inc. New SCKT | FY2025 | $15.1M | -$14.4M | -95.4% | $4.2M | 37/100 |
| Transact Technologies Inc TACT | FY2025 | $51.5M | -$1.2M | -2.4% | $52.7M | 47/100 |
Where Rigetti Computing, Inc. Warrants Ranks
Frequently Asked Questions
What is Rigetti Computing, Inc. Warrants's annual revenue?
Rigetti Computing, Inc. Warrants (RGTIW) reported $7.1M in total revenue for fiscal year 2025. This represents a -34.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Rigetti Computing, Inc. Warrants's revenue growing?
Rigetti Computing, Inc. Warrants (RGTIW) revenue declined by 34.3% year-over-year, from $10.8M to $7.1M in fiscal year 2025.
Is Rigetti Computing, Inc. Warrants profitable?
No, Rigetti Computing, Inc. Warrants (RGTIW) reported a net income of -$216.2M in fiscal year 2025.
What is Rigetti Computing, Inc. Warrants's EBITDA?
Rigetti Computing, Inc. Warrants (RGTIW) had EBITDA of -$76.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Rigetti Computing, Inc. Warrants's gross margin?
Rigetti Computing, Inc. Warrants (RGTIW) had a gross margin of 29.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Rigetti Computing, Inc. Warrants's return on equity (ROE)?
Rigetti Computing, Inc. Warrants (RGTIW) has a return on equity of -39.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Rigetti Computing, Inc. Warrants's free cash flow?
Rigetti Computing, Inc. Warrants (RGTIW) recorded an outflow of $77.2M in free cash flow during fiscal year 2025. This represents a -25.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Rigetti Computing, Inc. Warrants's operating cash flow?
Rigetti Computing, Inc. Warrants (RGTIW) recorded an outflow of $58.5M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Rigetti Computing, Inc. Warrants's total assets?
Rigetti Computing, Inc. Warrants (RGTIW) had $666.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Rigetti Computing, Inc. Warrants's capital expenditures?
Rigetti Computing, Inc. Warrants (RGTIW) invested $18.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Rigetti Computing, Inc. Warrants spend on research and development?
Rigetti Computing, Inc. Warrants (RGTIW) invested $61.3M in research and development during fiscal year 2025.
What is Rigetti Computing, Inc. Warrants's current ratio?
Rigetti Computing, Inc. Warrants (RGTIW) had a current ratio of 37.42 as of fiscal year 2025, which is generally considered healthy.
What is Rigetti Computing, Inc. Warrants's debt-to-equity ratio?
Rigetti Computing, Inc. Warrants (RGTIW) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Rigetti Computing, Inc. Warrants's return on assets (ROA)?
Rigetti Computing, Inc. Warrants (RGTIW) had a return on assets of -32.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Rigetti Computing, Inc. Warrants's Piotroski F-Score?
Rigetti Computing, Inc. Warrants (RGTIW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Rigetti Computing, Inc. Warrants's earnings high quality?
Rigetti Computing, Inc. Warrants (RGTIW) reported a net loss of $216.2M while operations used $58.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Rigetti Computing, Inc. Warrants?
Rigetti Computing, Inc. Warrants (RGTIW) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.