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RGTI Financial Statements and Analysis

NASDAQ : RGTI

Rigetti Computing, Inc.

$9.35
0.84+9.87%
Open: 4:00 PM
64.06
B+ESG ScoreESG Rating

RGTI FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

RGTI Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue2.378M3.086M3.052M3.376M3.105M
cost of revenue1.174M1.096M3.339M2.299M834.00K
gross profit1.204M1.99M-287.00K1.077M2.271M
gross profit ratio0.5060.645-0.0940.3190.731
research and development expenses12.752M11.87M9.684M11.348M13.056M
general and administrative expenses00006.047M
selling and marketing expenses00000
selling general and administrative expenses5.798M6.205M6.614M6.936M6.047M
other expenses00000
operating expenses18.55M18.075M16.298M18.284M19.103M
cost and expenses19.724M19.171M19.637M20.583M19.937M
interest income1.226M1.218M1.123M1.33M1.263M
interest expense733.00K969.00K1.107M1.268M1.473M
depreciation and amortization1.821M1.547M1.787M1.439M2.132M
ebitda-12.279M-9.905M-17.879M-15.768M-13.437M
ebitda ratio-5.164-3.21-4.849-4.671-4.328
operating income-17.346M-16.085M-16.585M-17.207M-16.832M
operating income ratio-7.294-5.212-5.434-5.097-5.421
total other income expenses net2.513M3.664M-4.188M4.635M-5.173M
income before tax-14.833M-12.421M-20.773M-12.572M-22.215M
income before tax ratio-6.238-4.025-6.806-3.724-7.155
income tax expense001.744M01.473M
net income-14.833M-12.421M-20.773M-12.572M-22.215M
net income ratio-6.238-4.025-6.806-3.724-7.155
eps-0.079-0.072-0.14-0.09-0.17
eps diluted-0.079-0.072-0.14-0.09-0.17
weighted average shs out188.389M171.903M151.855M140.537M133.866M
weighted average shs out dil188.389M171.903M151.855M140.537M133.866M
Graph

RGTI Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents20.286M20.684M35.098M21.392M41.757M
short term investments72.294M79.792M67.661M78.537M68.47M
cash and short term investments92.58M100.476M102.759M99.929M110.227M
net receivables6.384M5.232M4.706M5.029M2.996M
inventory001.0000
other current assets4.902M3.959M2.579M2.709M3.473M
total current assets103.866M109.667M110.044M107.667M116.696M
property plant equipment net53.206M52.501M51.853M52.117M48.376M
goodwill00000
intangible assets00000
goodwill and intangible assets00000
long term investments00000
tax assets00000
other non current assets178.00K244.00K218.00K129.00K132.00K
total non current assets53.384M52.745M52.071M52.246M48.508M
other assets00000
total assets157.25M162.412M162.115M159.913M165.204M
account payables1.604M1.843M3.822M5.772M1.447M
short term debt13.389M17.51M15.033M14.374M13.734M
tax payables0002.039M0
deferred revenue886.00K836.00K129.00K343.00K472.00K
other current liabilities5.581M3.141M5.892M8.563M7.389M
total current liabilities21.46M25.564M24.876M29.052M23.042M
long term debt9.101M8.819M12.376M9.894M19.816M
deferred revenue non current00000
deferred tax liabilities non current00000
other non current liabilities3.851M5.871M9.286M11.379M9.655M
total non current liabilities12.952M14.69M21.662M21.273M29.471M
other liabilities001.0000
capital lease obligations9.182M7.689M5.88M6.297M8.917M
total liabilities34.412M40.254M46.538M50.325M52.513M
preferred stock00000
common stock19.00K17.00K16.00K14.00K14.00K
retained earnings-401.786M-386.953M-374.532M-353.759M-341.187M
accumulated other comprehensive income loss254.00K123.00K138.00K244.00K74.00K
other total stockholders equity524.351M508.971M489.955M463.089M453.79M
total stockholders equity122.838M122.158M115.577M109.588M112.691M
total equity122.838M122.158M115.577M109.588M112.691M
total liabilities and stockholders equity157.25M162.412M162.115M159.913M165.204M
minority interest00000
total investments72.294M79.792M67.661M78.537M68.47M
total debt22.49M24.095M27.409M30.565M33.55M
net debt2.204M3.411M-7.689M9.173M-8.207M
Graph

RGTI Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-06-302024-03-312023-12-312023-09-302023-06-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202320232023
periodQ2Q1Q4Q3Q2
deferred income tax00-7.486M3.788M143.00K
stock based compensation3.287M2.991M3.682M3.669M3.355M
change in working capital-2.236M-1.182M61.00K5.413M-6.723M
accounts receivables-526.00K323.00K-2.033M5.719M-3.123M
inventory000-1.086M814.00K
accounts payables-1.419M334.00K1.107M1.086M-814.00K
other working capital-291.00K-1.839M987.00K-306.00K-3.60M
other non cash items4.632M9.946M2.562M2.673M-39.00K
net cash provided by operating activities-13.517M-13.139M-12.314M-4.54M-18.07M
investments in property plant and equipment-2.045M-5.493M-1.548M-1.776M-931.00K
acquisitions net0000-13.152M
purchases of investments-48.708M-27.287M-30.205M-21.428M-19.091M
sales maturities of investments37.50M39.00M21.002M37.493M32.243M
other investing activites-11.208M11.713M0013.152M
net cash used for investing activites-13.253M6.22M-10.751M14.289M12.221M
debt repayment-3.154M-3.045M-2.928M-2.547M-1.06M
common stock issued15.81M23.929M-14.927M12.703M2.50M
common stock repurchased00000
dividends paid00000
other financing activites-273.00K-174.00K20.437M99.00K1.44M
net cash used provided by financing activities12.383M20.71M2.582M10.255M1.44M
effect of forex changes on cash-27.00K-85.00K118.00K41.00K4.00K
net change in cash-14.414M13.706M-20.365M20.045M-4.405M
cash at end of period20.684M35.098M21.392M41.757M21.712M
cash at beginning of period35.098M21.392M41.757M21.712M26.117M
operating cashflow-13.517M-13.139M-12.314M-4.54M-18.07M
capital expenditure-2.045M-5.493M-1.548M-1.776M-931.00K
free cash flow-15.562M-18.632M-13.862M-6.316M-19.001M
Graph

Frequently Asked Questions

How did Rigetti Computing, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?
A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, RGTI generated $2.38M in revenue last quarter, while its costs came in at $1.17M.
Last quarter, how much Gross Profit did Rigetti Computing, Inc. report?
A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Rigetti Computing, Inc. reported a $1.20M Gross Profit for the quarter ended Jun 30, 2024.
Have RGTI's Total Operating Expenses and Operating Income been favorable recently?
Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. RGTI incurred $18.55M worth of Operating Expenses, while it generated -$17.35M worth of Operating Income.
How much Net Income has RGTI posted recently?
The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Rigetti Computing, Inc., the company generated -$14.83M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.
At the end of the last quarter, how much Cash and Equivalents did Rigetti Computing, Inc. have?
The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Rigetti Computing, Inc. as of the end of the last quarter was $20.29M.
What are RGTI's Total Net Receivables for the last quarter?
Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, RGTI had Total Net Receivables of $6.38M.
In terms of Total Assets and Current Assets, where did Rigetti Computing, Inc. stand at?
An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of RGTI were $103.87M, while the Total Assets stand at $157.25M.
As of the last quarter, how much Total Debt did Rigetti Computing, Inc. have?
The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of RGTI's debt was $22.49M at the end of the last quarter.
What were RGTI's Total Liabilities during the last reported quarter?
A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, RGTI reported total liabilities of $34.41M.
How much did RGTI's Working Capital change over the last quarter?
Working Capital Change for RGTI was -$2.24M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.
RGTI generated how much cash from operating activities?
An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. RGTI generated -$13.52M of Cash from Operating Activities during its recently reported quarter.
What was RGTI's latest reported Net Change in Cash?
An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. RGTI reported a -$14.41M Net Change in Cash in the most recent quarter.
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