For the year ending 2025-12-31, RGTIW had -$22,823K decrease in cash & cash equivalents over the period. -$77,219K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | 7,088 | 10,790 | - | - |
| Salaries and employee related costs | 32,717 | 28,838 | - | - |
| Stock-based compensation | 17,605 | 13,069 | - | - |
| Rent and facilities | 7,942 | 9,134 | - | - |
| Professional services and legal fees | 9,013 | 6,414 | - | - |
| Technology & it costs | 5,235 | 4,571 | - | - |
| Direct and indirect materials | 3,533 | 2,500 | - | - |
| Depreciation and amortization expense | 8,173 | 6,906 | - | - |
| Interest expense | - | 3,255 | - | - |
| Other segment items | 139,080 | 137,091 | - | - |
| Net loss | -216,210 | -200,988 | -75,107 | -71,521 |
| Depreciation and amortization | 8,169 | 6,906 | 7,426 | 7,017 |
| Stock-based compensation | 17,605 | 13,069 | 12,409 | 44,812 |
| Change in fair value of earn-out liabilities | -2,518 | 43,742 | 949 | -19,207 |
| Change in fair value of derivative warrant liabilities | 150,629 | 90,168 | 1,160 | -22,132 |
| Change in fair value of forward contract | - | 0 | 2,229 | -5,764 |
| Impairment of deferred offering costs | - | 0 | -836 | - |
| Accretion of available-for-sale securities | 9,918 | 3,622 | 3,121 | 949 |
| Loss on extinguishment of debt | 0 | -426 | - | - |
| Amortization of debt issuance costs, commitment fees and accretion of final payment fees | 0 | 844 | 1,453 | 917 |
| Amortization of debt commitment fee asset | - | - | - | -266 |
| Accretion of debt end of term liabilities | - | - | - | -285 |
| Non-cash lease expense | 1,582 | 1,909 | 1,682 | 537 |
| Goodwill impairment | - | - | 0 | 5,377 |
| Accounts receivable | 124 | -2,602 | -1,206 | 4,692 |
| Prepaid expenses and other current assets | - | - | - | 1,099 |
| Other assets | - | - | - | -34 |
| Prepaid expenses, other current assets and other assets | 4,440 | 2,434 | 259 | - |
| Deferred revenue | 734 | 468 | -618 | -24 |
| Accounts payable | 111 | -1,036 | 895 | -707 |
| Accrued expenses and operating lease liabilities | -4,163 | -2,681 | -1,719 | 4,456 |
| Other liabilities | - | - | 0 | -295 |
| Net cash used in operating activities | -58,543 | -50,627 | -50,579 | -62,689 |
| Purchases of property and equipment | 18,676 | 11,098 | 9,059 | 22,737 |
| Purchases of available-for-sale securities | 635,652 | 224,764 | 109,252 | 84,287 |
| Maturities of available-for-sale securities | 251,000 | 157,500 | 119,084 | - |
| Net cash used in investing activities | -403,328 | -78,362 | 773 | -107,024 |
| Proceeds from business combination, net of transaction costs paid | - | - | 0 | 225,604 |
| Transaction costs paid directly by rigetti | - | - | 0 | 18,842 |
| Proceeds from issuance of notes payable | - | - | 0 | 5,000 |
| Payments of principal of notes payable | 0 | 23,328 | 8,333 | 1,291 |
| 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 | 0 | 12,838 | 20,544 | - |
| Proceeds from sale of common stock through atm offerings | 346,719 | 97,500 | - | - |
| Payments of debt issuance costs | - | - | 0 | 85 |
| Proceeds from sale of common stock through registered direct offering | 0 | 96,000 | - | - |
| Payment of loan and security agreement exit fees | - | - | 0 | 1,000 |
| Proceeds from sale of common stock from quanta private placement transaction | 35,000 | - | - | - |
| Payments of offering costs | 888 | 1,833 | 107 | 0 |
| Net proceeds (payments) from tax withholdings on sell-to-cover equity award transactions | 6,272 | - | - | - |
| Proceeds from issuance of common stock upon exercise of stock options | 1,992 | - | - | - |
| Proceeds from issuance of common stock upon exercise of stock options and warrants | - | 554 | 1,126 | 6,068 |
| Proceeds from issuance of common stock upon exercise of warrants | 49,991 | - | - | - |
| Net cash provided by financing activities | 439,086 | 175,459 | 13,230 | 215,454 |
| Effects of exchange rate changes on cash and cash equivalents | -38 | -188 | 80 | 101 |
| Net decrease in cash and cash equivalents | -22,823 | 46,282 | -36,496 | 45,842 |
| Cash and cash equivalents - beginning of period | 67,674 | 21,392 | 57,888 | 12,046 |
| Cash and cash equivalents - end of period | 44,851 | 67,674 | 21,392 | 57,888 |
Rigetti Computing, Inc. (RGTIW)
Rigetti Computing, Inc. (RGTIW)