RGTI

Rigetti Computing, Inc.

v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenue $ 1,472 $ 3,052
Cost of revenue 1,030 1,552
Total gross profit 442 1,500
Operating expenses:    
Research and development 15,455 11,471
Selling, general and administrative 6,619 6,614
Total operating expenses 22,074 18,085
Loss from operations (21,632) (16,585)
Other income (expense), net    
Interest expense   (1,107)
Interest income 2,152 1,123
Change in fair value of derivative warrant liabilities 53,262 (2,583)
Change in fair value of earn-out liabilities 8,837 (1,621)
Total other income (expense), net 64,251 (4,188)
Net Income (loss) before provision for income taxes 42,619 (20,773)
Provision for income taxes 0 0
Net income (loss) 42,619 (20,773)
Net Income/ (loss) for diluted earnings per share $ 38,256 $ (20,773)
Net Income (loss) per share attributable to common stockholders - basic (in $ per share) $ 0.15 $ (0.14)
Net Income (loss) per share attributable to common stockholders - diluted (in $ per share) $ 0.13 $ (0.14)
Weighted average shares used to compute net income (loss) per share attributable to common stockholders - basic (in shares) 284,698 151,855
Weighted average shares used to compute net income (loss) per share attributable to common stockholders - diluted (in shares) 301,595 151,855