RGTI
Rigetti Computing, Inc.
Company overview
- Market capitalization
- $5.32B
- Employees
- 162
- Latest publication
- 2026-09-29
About Rigetti Computing, Inc.
Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,138,000USD | 4,400,000USD | 1,868,000USD | 1,947,000USD | 1,801,000USD | 1,472,000USD | 2,274,000USD | 2,378,000USD |
| Cost Of Revenue | 2,950,000USD | 5,637,000USD | 3,588,000USD | 1,543,000USD | 1,235,000USD | 1,030,000USD | 1,271,000USD | 1,174,000USD |
| Gross Profit | 2,188,000USD | -1,237,000USD | -1,720,000USD | 404,000USD | 566,000USD | 442,000USD | 1,003,000USD | 1,204,000USD |
| Research Development | 20,728,000USD | 19,957,000USD | 17,348,000USD | 15,020,000USD | 13,522,000USD | 15,455,000USD | 13,657,000USD | 12,752,000USD |
| Selling General Administrative | 9,522,000USD | 7,372,000USD | 5,901,000USD | 5,933,000USD | 6,926,000USD | 6,619,000USD | 5,840,000USD | 5,798,000USD |
| Total Operating Expenses | 30,250,000USD | 24,714,000USD | 20,877,000USD | 20,953,000USD | 20,448,000USD | 22,074,000USD | 19,497,000USD | 18,550,000USD |
| Operating Income | -28,062,000USD | -25,951,000USD | -22,597,000USD | -20,549,000USD | -19,882,000USD | -21,632,000USD | -18,494,000USD | -17,346,000USD |
| Total Other Income Expense Net | -24,544,000USD | 59,060,000USD | 4,390,000USD | -180,419,000USD | -19,772,000USD | 64,251,000USD | -134,467,000USD | 2,513,000USD |
| Interest Income | 5,058,000USD | 5,363,000USD | 5,769,000USD | 5,598,000USD | 3,042,000USD | 2,152,000USD | 1,546,000USD | 1,226,000USD |
| Income Before Tax | -52,606,000USD | 33,109,000USD | -18,207,000USD | -200,968,000USD | -39,654,000USD | 42,619,000USD | -152,961,000USD | -14,833,000USD |
| Income Tax Expense | 0USD | — | — | — | — | — | — | — |
| Net Income | -52,606,000USD | 33,109,000USD | -18,207,000USD | -200,968,000USD | -39,654,000USD | 42,619,000USD | -152,961,000USD | -14,833,000USD |
| Net Income Applicable To Common Shares | -52,606,000USD | — | — | — | — | — | — | — |
| Unclassified Operating Expenses | — | -2,615,000USD | -2,372,000USD | — | — | — | — | — |
| Net Interest Income | — | 5,363,000USD | 5,769,000USD | 5,598,000USD | 3,042,000USD | 2,152,000USD | 1,100,000USD | 493,000USD |
| Tax Provision | — | 0USD | 0USD | 0USD | 0USD | 0USD | 0USD | 0USD |
| Net Income From Continuing Ops | — | 33,109,000USD | -18,207,000USD | -200,968,000USD | -39,654,000USD | 42,619,000USD | -152,961,000USD | -14,833,000USD |
| Ebit | — | -25,951,000USD | -22,597,000USD | -200,968,000USD | -19,882,000USD | -21,632,000USD | -152,515,000USD | -14,100,000USD |
| Ebitda | — | -23,336,000USD | -20,225,000USD | -198,894,000USD | -17,988,000USD | -19,803,000USD | -150,764,000USD | -12,279,000USD |
| Depreciation And Amortization | — | 2,615,000USD | 2,372,000USD | 2,074,000USD | 1,894,000USD | 1,829,000USD | 1,751,000USD | 1,821,000USD |
| Reconciled Depreciation | — | 2,615,000USD | 2,372,000USD | 2,074,000USD | 1,894,000USD | 1,829,000USD | 1,751,000USD | 1,821,000USD |
| Interest Expense | — | — | 0USD | 0USD | 0USD | 0USD | 446,000USD | 733,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Income Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Revenue | 7,088,000USD | 10,790,000USD | 12,008,000USD | 13,102,000USD | 8,196,000USD | 5,542,598USD | 735,482USD |
| Cost Of Revenue | 13,193,000USD | 5,093,000USD | 2,800,000USD | 2,873,000USD | 6,274,000USD | 1,491,610USD | 288,162USD |
| Gross Profit | -6,105,000USD | 5,697,000USD | 9,208,000USD | 10,229,000USD | 1,922,000USD | 4,050,988USD | 447,320USD |
| Research Development | 61,345,000USD | 49,750,000USD | 52,768,000USD | 59,952,000USD | 26,928,000USD | 24,099,335USD | 29,445,636USD |
| Selling General Administrative | 25,379,000USD | 24,457,000USD | 27,744,000USD | 47,632,000USD | 12,326,181USD | 13,157,735USD | 16,162,047USD |
| Unclassified Operating Expenses | -8,169,000USD | — | — | 5,377,000USD | -3,203,181USD | — | — |
| Total Operating Expenses | 78,555,000USD | 74,207,000USD | 81,503,000USD | 119,309,000USD | 36,051,000USD | 39,142,635USD | 48,149,279USD |
| Operating Income | -84,660,000USD | -68,510,000USD | -72,295,000USD | -109,080,000USD | -34,129,000USD | -35,091,647USD | -47,701,959USD |
| Interest Income | 16,561,000USD | 5,113,000USD | 5,076,000USD | 2,433,000USD | — | — | — |
| Interest Expense | 0USD | 3,255,000USD | 5,779,000USD | 5,286,000USD | 2,465,000USD | — | — |
| Net Interest Income | 16,561,000USD | 1,858,000USD | -703,000USD | -2,853,000USD | — | 8,488USD | -670,848USD |
| Income Before Tax | -216,210,000USD | -200,988,000USD | -75,107,000USD | -71,521,000USD | -38,241,000USD | -26,127,496USD | -53,816,321USD |
| Tax Provision | 0USD | 0USD | 0USD | 0USD | — | — | — |
| Net Income | -216,210,000USD | -200,988,000USD | -75,107,000USD | -71,521,000USD | -38,241,000USD | -17,205,476USD | -53,816,321USD |
| Net Income From Continuing Ops | -216,210,000USD | -200,988,000USD | -75,107,000USD | -71,521,000USD | — | -26,127,496USD | -53,816,321USD |
| Ebit | -84,660,000USD | -197,733,000USD | -69,328,000USD | -66,235,000USD | -35,776,000USD | -35,091,647USD | -47,701,959USD |
| Ebitda | -76,491,000USD | -190,827,000USD | -61,902,000USD | -59,218,000USD | -31,125,000USD | -30,792,384USD | -43,760,100USD |
| Depreciation And Amortization | 8,169,000USD | 6,906,000USD | 7,426,000USD | 7,017,000USD | 4,651,000USD | 4,299,263USD | 3,941,859USD |
| Reconciled Depreciation | 8,169,000USD | 6,906,000USD | 7,426,000USD | 7,017,000USD | — | 4,299,263USD | 3,941,859USD |
| Total Other Income Expense Net | -131,550,000USD | -132,478,000USD | -2,812,000USD | 37,559,000USD | -4,112,000USD | 8,964,151USD | -6,114,362USD |
| Selling And Marketing Expenses | — | — | — | 6,348,000USD | — | 1,885,565USD | 2,541,596USD |
| Income Tax Expense | — | — | — | -35,035,000USD | -2,465,135USD | -8,922,020USD | 1,053,245USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 648,233,000USD | 650,684,000USD | 666,574,000USD | 630,274,000USD | 636,690,000USD | 269,138,000USD | 284,787,000USD | 157,250,000USD |
| Cash And Equivalents | 27,763,000USD | — | — | — | — | — | — | — |
| Total Current Assets | 414,390,000USD | 432,205,000USD | 454,760,000USD | 456,294,000USD | 433,579,000USD | 214,361,000USD | 206,758,000USD | 103,866,000USD |
| Other Current Assets | 12,601,000USD | 379,683,000USD | 8,698,000USD | 7,034,000USD | 6,087,000USD | 4,165,000USD | 12,237,000USD | 4,902,000USD |
| Total Liabilities | 110,799,000USD | — | — | — | — | — | — | — |
| Total Current Liabilities | 105,057,000USD | 61,879,000USD | 12,152,000USD | 11,634,000USD | 10,430,000USD | 11,392,000USD | 11,867,000USD | 21,460,000USD |
| Total Stockholder Equity | 537,434,000USD | 583,598,000USD | 546,199,000USD | 371,826,000USD | 553,263,000USD | 207,128,000USD | 126,589,000USD | 122,838,000USD |
| Total Equity Including Noncontrolling Interest | 537,434,000USD | — | — | — | — | — | — | — |
| Deferred Revenue | 3,316,000USD | — | — | — | — | — | — | — |
| Deferred Revenue Non Current | 698,000USD | — | — | — | — | — | — | — |
| Net Receivables | 3,865,000USD | 4,376,000USD | 2,551,000USD | 2,277,000USD | 1,753,000USD | 1,068,000USD | 2,427,000USD | 6,384,000USD |
| Property Plant Equipment Net | 82,231,000USD | 63,643,000USD | 63,462,000USD | 60,883,000USD | 56,086,000USD | 53,709,000USD | 52,636,000USD | 53,206,000USD |
| Accounts Payable | 14,001,000USD | 4,071,000USD | 3,488,000USD | 3,279,000USD | 2,159,000USD | 3,401,000USD | 1,590,000USD | 1,604,000USD |
| Short Term Debt | 2,657,000USD | 2,274,000USD | 2,235,000USD | 2,218,000USD | 2,198,000USD | 2,179,000USD | 2,159,000USD | 13,389,000USD |
| Common Stock | 33,000USD | 33,000USD | 33,000USD | 33,000USD | 32,000USD | 29,000USD | 29,000USD | 19,000USD |
| Retained Earnings | -790,454,000USD | -737,848,000USD | -770,957,000USD | -752,750,000USD | -551,782,000USD | -512,128,000USD | -554,747,000USD | -401,786,000USD |
| Accumulated Other Comprehensive Income | -1,752,000USD | -706,000USD | 997,000USD | 690,000USD | 133,000USD | -88,000USD | 105,000USD | 254,000USD |
| Total Liab | — | 67,086,000USD | 120,375,000USD | 258,448,000USD | 83,427,000USD | 62,010,000USD | 158,198,000USD | 34,412,000USD |
| Other Current Liab | — | 54,470,000USD | 5,582,000USD | 6,137,000USD | 5,955,000USD | 5,665,000USD | 7,614,000USD | 5,581,000USD |
| Capital Stock | — | 33,000USD | 33,000USD | 33,000USD | 32,000USD | 29,000USD | 29,000USD | 19,000USD |
| Cash | — | 48,146,000USD | 44,851,000USD | 26,133,000USD | 57,183,000USD | 37,162,000USD | 67,674,000USD | 20,286,000USD |
| Cash And Short Term Investments | — | 48,146,000USD | 443,511,000USD | 446,983,000USD | 425,739,000USD | 209,128,000USD | 192,094,000USD | 92,580,000USD |
| Current Deferred Revenue | — | 1,064,000USD | 847,000USD | — | 118,000USD | 147,000USD | 113,000USD | 886,000USD |
| Net Debt | — | -41,363,000USD | -37,684,000USD | -18,536,000USD | -49,173,000USD | -28,753,000USD | -58,874,000USD | 2,204,000USD |
| Short Long Term Debt Total | — | 6,783,000USD | 7,167,000USD | 7,597,000USD | 8,010,000USD | 8,409,000USD | 8,800,000USD | 22,490,000USD |
| Long Term Investments | — | 150,736,000USD | 146,321,000USD | 111,955,000USD | 145,903,000USD | 0USD | 25,068,000USD | — |
| Short Term Investments | — | 370,100,000USD | 398,660,000USD | 420,850,000USD | 368,556,000USD | 171,966,000USD | 124,420,000USD | 72,294,000USD |
| Property Plant Equipment Gross | — | 63,643,000USD | 111,870,000USD | 60,883,000USD | 56,086,000USD | 53,709,000USD | 92,945,000USD | 53,206,000USD |
| Common Stock Shares Outstanding | — | 335,437,000shares | 309,763,000shares | 325,024,000shares | 298,254,000shares | 301,595,000shares | 184,666,000shares | 188,389,000shares |
| Non Current Assets Total | — | 218,479,000USD | 211,814,000USD | 173,980,000USD | 203,111,000USD | 54,777,000USD | 78,029,000USD | 53,384,000USD |
| Non Current Liabilities Total | — | 5,207,000USD | 108,223,000USD | 246,814,000USD | 72,997,000USD | 50,618,000USD | 146,331,000USD | 12,952,000USD |
| Non Currrent Assets Other | — | 4,100,000USD | 2,031,000USD | 1,142,000USD | 1,122,000USD | 1,068,000USD | 325,000USD | 178,000USD |
| Net Working Capital | — | 370,326,000USD | 442,608,000USD | 444,660,000USD | 423,149,000USD | 202,969,000USD | 194,891,000USD | 82,406,000USD |
| Unclassified Current Assets | — | -370,100,000USD | — | — | — | — | — | — |
| Unclassified Non Current Liabilities | — | 5,207,000USD | 108,223,000USD | 246,814,000USD | 66,626,000USD | 46,504,000USD | 100,434,000USD | 9,250,000USD |
| Unclassified Equity | — | 1,322,086,000USD | 1,316,093,000USD | 1,123,820,000USD | 1,104,848,000USD | 719,286,000USD | 681,173,000USD | 524,332,000USD |
| Non Current Liabilities Other | — | — | — | — | 6,371,000USD | 4,114,000USD | 45,897,000USD | 1,641,000USD |
| Inventory | — | — | — | — | — | — | -3,156,000USD | — |
| Short Long Term Debt | — | — | — | — | — | — | — | 11,247,000USD |
| Long Term Debt | — | — | — | — | — | — | — | 2,061,000USD |
| Unclassified Current Liabilities | — | — | — | — | — | — | — | -11,247,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Total Assets | 666,574,000USD | 284,787,000USD | 159,913,000USD | 203,442,000USD | 46,428,000USD | 49,682,089USD | 27,485,194USD |
| Other Current Assets | 407,358,000USD | 12,237,000USD | 2,709,000USD | 2,450,000USD | 1,351,000USD | 1,035,703USD | 1,126,305USD |
| Total Liab | 120,375,000USD | 158,198,000USD | 50,325,000USD | 53,218,000USD | 36,433,000USD | 85,107,491USD | 155,897,860USD |
| Total Stockholder Equity | 546,199,000USD | 126,589,000USD | 109,588,000USD | 150,224,000USD | 9,994,999USD | -35,425,402USD | -128,412,666USD |
| Other Current Liab | 5,582,000USD | 7,614,000USD | 6,524,000USD | 7,044,000USD | 4,036,000USD | 1,151,754USD | 2,956,864USD |
| Common Stock | 33,000USD | 29,000USD | 14,000USD | 12,000USD | 2,000USD | 21USD | 8USD |
| Capital Stock | 33,000USD | 29,000USD | 14,000USD | 12,000USD | — | 21USD | 8USD |
| Retained Earnings | -770,957,000USD | -554,747,000USD | -353,759,000USD | -278,652,000USD | -207,131,000USD | -168,889,832USD | -142,762,336USD |
| Cash | 44,851,000USD | 67,674,000USD | 21,392,000USD | 57,888,000USD | 11,729,000USD | 22,202,388USD | 308,707USD |
| Cash And Short Term Investments | 44,851,000USD | 192,094,000USD | 99,929,000USD | 142,811,000USD | 11,729,000USD | 22,202,388USD | 308,707USD |
| Total Current Assets | 454,760,000USD | 206,758,000USD | 107,667,000USD | 154,467,000USD | 14,623,000USD | 23,717,465USD | 1,623,987USD |
| Total Current Liabilities | 12,152,000USD | 11,867,000USD | 29,052,000USD | 21,752,000USD | 7,567,000USD | 3,203,050USD | 34,802,766USD |
| Current Deferred Revenue | 847,000USD | 113,000USD | 343,000USD | 961,000USD | 985,000USD | 491,827USD | 1,850,482USD |
| Net Debt | -37,684,000USD | -58,874,000USD | 9,173,000USD | -18,747,000USD | 13,062,000USD | -22,202,388USD | 26,583,752USD |
| Short Term Debt | 2,235,000USD | 2,159,000USD | 14,374,000USD | 10,648,000USD | 575,000USD | — | 26,892,459USD |
| Short Long Term Debt Total | 7,167,000USD | 8,800,000USD | 30,565,000USD | 39,141,000USD | 24,791,000USD | — | 26,892,459USD |
| Long Term Investments | 146,321,000USD | 25,068,000USD | 0USD | — | — | — | — |
| Short Term Investments | 398,660,000USD | 124,420,000USD | 78,537,000USD | 84,923,000USD | — | — | — |
| Net Receivables | 2,551,000USD | 2,427,000USD | 5,029,000USD | 6,235,000USD | 1,543,000USD | 479,374USD | 188,975USD |
| Accounts Payable | 3,488,000USD | 1,590,000USD | 5,772,000USD | 1,938,000USD | 1,971,000USD | 1,107,924USD | 3,102,961USD |
| Property Plant Equipment Net | 63,462,000USD | 52,636,000USD | 52,117,000USD | 48,846,000USD | 22,497,000USD | 20,140,872USD | 20,039,703USD |
| Property Plant Equipment Gross | 111,870,000USD | 92,945,000USD | 85,419,000USD | 74,706,000USD | — | 34,322,130USD | 29,921,698USD |
| Accumulated Other Comprehensive Income | 997,000USD | 105,000USD | 244,000USD | -161,000USD | 52,000USD | 56,825USD | -15,311USD |
| Common Stock Shares Outstanding | 309,763,000shares | 184,666,000shares | 131,977,000shares | 102,300,852shares | 18,221,069shares | 43,125,000shares | 113,810,285shares |
| Non Current Assets Total | 211,814,000USD | 78,029,000USD | 52,246,000USD | 48,975,000USD | 31,805,000USD | 25,964,624USD | 25,861,207USD |
| Non Current Liabilities Total | 108,223,000USD | 146,331,000USD | 21,273,000USD | 31,466,000USD | 28,866,000USD | 81,904,441USD | 121,095,094USD |
| Non Currrent Assets Other | 2,031,000USD | 325,000USD | 129,000USD | 129,000USD | 3,614,000USD | 446,497USD | 444,249USD |
| Net Working Capital | 442,608,000USD | 194,891,000USD | 78,615,000USD | 132,715,000USD | — | 20,514,415USD | -33,178,779USD |
| Unclassified Current Assets | -398,660,000USD | — | — | — | -4,563,761USD | — | — |
| Unclassified Non Current Liabilities | 108,223,000USD | 100,434,000USD | 9,224,000USD | 9,625,000USD | 28,866,000USD | 81,523,141USD | 120,793,893USD |
| Unclassified Equity | 1,316,093,000USD | 681,173,000USD | 463,075,000USD | 429,013,000USD | 217,071,999USD | 133,407,563USD | 14,364,965USD |
| Inventory | — | -3,156,000USD | — | 2,971,000USD | 4,563,761USD | — | — |
| Non Current Liabilities Other | — | 45,897,000USD | 2,155,000USD | 1,206,000USD | — | 381,300USD | 301,201USD |
| Short Long Term Debt | — | — | 12,164,000USD | 8,303,000USD | — | — | 26,892,459USD |
| Long Term Debt | — | — | 9,894,000USD | 20,635,000USD | — | — | — |
| Unclassified Current Liabilities | — | — | -10,125,000USD | -7,142,000USD | — | — | -26,892,459USD |
| Good Will | — | — | — | 0USD | 5,377,000USD | 5,377,255USD | 5,377,255USD |
| Intangible Assets | — | — | — | — | 5,377,000USD | — | — |
| Unclassified Non Current Assets | — | — | — | — | -5,060,000USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Stock Based Compensation | 12,910,000USD |
| Change To Account Receivables | -1,314,000USD |
| Change To Liabilities | 2,649,000USD |
| Change In Working Capital | -8,511,000USD |
| Operating Cash Flow | -31,993,000USD |
| Capital Expenditures | -16,404,000USD |
| Net Investments | 31,395,000USD |
| Investing Cash Flow | 14,991,000USD |
| Financing Cash Flow | 479,000USD |
| Effect Of Forex Changes On Cash | -565,000USD |
| Change In Cash | -17,088,000USD |
| End Cash Flow | 27,763,000USD |
| Source | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | 33,109,000USD | -18,207,000USD | -200,968,000USD | -39,654,000USD | 42,619,000USD | -152,961,000USD | -14,833,000USD | -12,421,000USD |
| Depreciation | 2,615,000USD | 2,372,000USD | 2,073,999USD | 1,894,000USD | 1,829,000USD | 1,751,000USD | 1,821,000USD | 1,547,000USD |
| Stock Based Compensation | 5,890,000USD | 5,578,000USD | 4,299,000USD | 3,554,000USD | 4,174,000USD | 3,364,000USD | 3,427,000USD | 3,287,000USD |
| Other Non Cash Items | -48,776,000USD | -1,107,000USD | 182,787,000USD | 21,233,000USD | -63,138,000USD | 135,176,000USD | -9,260,000USD | -3,694,000USD |
| Change To Account Receivables | -1,825,000USD | -274,000USD | -524,000USD | -685,000USD | 1,359,000USD | 3,729,000USD | -1,152,000USD | -526,000USD |
| Change In Working Capital | -3,164,000USD | -3,537,000USD | -2,013,999USD | -3,196,000USD | 865,000USD | 4,126,000USD | 3,418,000USD | -2,236,000USD |
| Total Cash From Operating Activities | -16,216,000USD | -14,901,000USD | -13,822,000USD | -16,169,000USD | -13,651,000USD | -8,544,000USD | -15,427,000USD | -13,517,000USD |
| Capital Expenditures | -4,411,000USD | -4,573,000USD | -5,889,000USD | -5,667,000USD | -2,547,000USD | -1,282,000USD | -2,278,000USD | -2,045,000USD |
| Free Cash Flow | -20,627,000USD | -19,474,000USD | -19,711,000USD | -21,836,000USD | -16,198,000USD | -9,826,000USD | -17,705,000USD | -15,562,000USD |
| Investments | 24,221,000USD | -9,047,000USD | -19,976,000USD | -346,123,000USD | -23,609,000USD | -77,594,000USD | 6,265,000USD | -13,253,000USD |
| Total Cashflows From Investing Activities | 19,810,000USD | -13,620,000USD | -19,976,000USD | -346,123,000USD | -23,609,000USD | -77,594,000USD | 6,265,000USD | -13,253,000USD |
| Total Cash From Financing Activities | 81,000USD | 47,174,000USD | 2,817,000USD | 382,160,000USD | 6,935,000USD | 133,674,000USD | 8,692,000USD | 12,383,000USD |
| Change In Cash | 3,295,000USD | 18,718,000USD | -31,050,000USD | 20,021,000USD | -30,512,000USD | 47,388,000USD | -398,000USD | -14,414,000USD |
| Begin Period Cash Flow | 44,851,000USD | 26,133,000USD | 57,183,000USD | 37,162,000USD | 67,674,000USD | 20,286,000USD | 20,684,000USD | 35,098,000USD |
| End Period Cash Flow | 48,146,000USD | 44,851,000USD | 26,133,000USD | 57,183,000USD | 37,162,000USD | 67,674,000USD | 20,286,000USD | 20,684,000USD |
| Other Cashflows From Financing Activities | 81,000USD | 47,174,000USD | — | — | 6,272,000USD | -7,158,000USD | -14,000USD | -265,000USD |
| Unclassified Operating Cash Flow | -5,890,000USD | — | — | — | — | — | — | — |
| Net Borrowings | — | 0USD | 0USD | 0USD | 0USD | -13,837,000USD | -3,292,000USD | — |
| Issuance Of Capital Stock | — | 0USD | 0USD | 381,719,000USD | 0USD | 154,669,000USD | 11,998,000USD | 15,802,000USD |
| Unclassified Investing Cash Flow | — | — | 5,889,000USD | 5,667,000USD | 2,547,000USD | 1,282,000USD | 2,278,000USD | 2,045,000USD |
| Unclassified Financing Cash Flow | — | — | 2,817,000USD | — | — | — | — | -3,154,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD | FY 20192019-12-31 · USD |
|---|---|---|---|---|---|---|---|
| Net Income | -216,210,000USD | -200,988,000USD | -75,107,000USD | -71,521,000USD | -38,241,000USD | -26,127,496USD | -53,816,321USD |
| Depreciation | 8,169,000USD | 6,906,000USD | 7,426,000USD | 7,017,000USD | 4,651,000USD | 4,299,263USD | 3,941,859USD |
| Stock Based Compensation | 17,605,000USD | 13,069,000USD | 12,409,000USD | 44,812,000USD | 1,925,454USD | 2,592,038USD | 2,780,618USD |
| Other Non Cash Items | 139,775,000USD | 133,467,000USD | 5,188,000USD | -40,670,000USD | 4,141,000USD | -8,913,532USD | 5,573,514USD |
| Change To Account Receivables | -124,000USD | 2,602,000USD | 1,206,000USD | -4,692,000USD | -1,063,000USD | -2,285,436USD | 2,231,795USD |
| Change In Working Capital | -7,882,000USD | -3,081,000USD | -495,000USD | -2,327,000USD | 158,000USD | -1,917,536USD | 4,631,515USD |
| Total Cash From Operating Activities | -58,543,000USD | -50,627,000USD | -50,579,000USD | -62,689,000USD | -29,291,000USD | -30,067,263USD | -36,888,815USD |
| Capital Expenditures | -18,676,000USD | -11,098,000USD | -9,059,000USD | -22,737,000USD | -7,008,000USD | -4,400,432USD | -3,093,840USD |
| Free Cash Flow | -77,219,000USD | -61,725,000USD | -59,638,000USD | -85,426,000USD | -36,299,000USD | -34,467,695USD | -39,982,655USD |
| Investments | -384,652,000USD | -78,362,000USD | 773,000USD | -107,024,000USD | — | -4,400,432USD | -2,944,356USD |
| Total Cashflows From Investing Activities | -403,328,000USD | -78,362,000USD | 773,000USD | -107,024,000USD | -7,008,000USD | -4,400,432USD | -2,944,356USD |
| Net Borrowings | 0USD | -23,328,000USD | -8,333,000USD | 3,709,000USD | — | 2,200,000USD | — |
| Total Cash From Financing Activities | 439,086,000USD | 175,459,000USD | 13,230,000USD | 215,454,000USD | 25,830,000USD | 56,289,240USD | 18,740,784USD |
| Issuance Of Capital Stock | 381,719,000USD | 206,338,000USD | 20,544,000USD | 0USD | — | 54,022,876USD | 0USD |
| Change In Cash | -22,823,000USD | 46,282,000USD | -36,496,000USD | 45,842,000USD | 11,729,000USD | 21,893,681USD | -21,107,698USD |
| Begin Period Cash Flow | 67,674,000USD | 21,392,000USD | 57,888,000USD | 12,046,000USD | 625,841USD | 625,841USD | 21,733,539USD |
| End Period Cash Flow | 44,851,000USD | 67,674,000USD | 21,392,000USD | 57,888,000USD | 11,729,000USD | 22,519,522USD | 625,841USD |
| Other Cashflows From Financing Activities | 6,272,000USD | -7,551,000USD | 1,019,000USD | 205,677,000USD | -1,548,000USD | 54,089,240USD | 1,630,045USD |
| Unclassified Financing Cash Flow | 51,095,000USD | — | — | 6,068,000USD | 27,378,000USD | -54,022,876USD | 17,110,739USD |
| Unclassified Investing Cash Flow | — | 11,098,000USD | 9,059,000USD | 107,024,000USD | 345,000,000USD | 4,400,432USD | 3,093,840USD |
| Other Cashflows From Investing Activities | — | — | — | -84,287,000USD | -345,000,000USD | — | — |
| Unclassified Operating Cash Flow | — | — | — | — | -1,925,454USD | — | — |
| Change To Inventory | — | — | — | — | — | 1,995,037USD | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q2 2026Quarterly · 2026-06-30 | Product | Access To Quantum Computing Systems | 88,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | Collaborative Research And Other Professional Services | 952,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | Sales Of Quantum Computers And Quantum Components | 4,098,000 | USD | Disclosure |
| Q1 2026Quarterly · 2026-03-31 | Product | Access To Quantum Computing Systems | 55,000 | USD | 0001104659-26-058641 |
| Q1 2026Quarterly · 2026-03-31 | Product | Collaborative Research And Other Professional Services | 1,299,000 | USD | 0001104659-26-058641 |
| Q1 2026Quarterly · 2026-03-31 | Product | Sales Of Quantum Computers And Quantum Components | 3,046,000 | USD | 0001104659-26-058641 |
| Q4 2025Quarterly · 2025-12-31 | Product | Access To Quantum Computing Systems | 131,000 | USD | Legacy provider |
| Q4 2025Quarterly · 2025-12-31 | Product | Collaborative Research And Other Professional Services | 1,737,000 | USD | Legacy provider |
| FY 2025Yearly · 2025-12-31 | Product | Access To Quantum Computing Systems | 412,000 | USD | 0001104659-26-023454 |
| FY 2025Yearly · 2025-12-31 | Product | Collaborative Research And Other Professional Services | 6,676,000 | USD | 0001104659-26-023454 |
| Q3 2025Quarterly · 2025-09-30 | Product | Access To Quantum Computing Systems | 51,000 | USD | 0001104659-25-109141 |
| Q3 2025Quarterly · 2025-09-30 | Product | Collaborative Research And Other Professional Services | 1,896,000 | USD | 0001104659-25-109141 |
| Q2 2025Quarterly · 2025-06-30 | Product | Access To Quantum Computing Systems | 90,000 | USD | 0001558370-25-011224 |
| Q2 2025Quarterly · 2025-06-30 | Product | Collaborative Research And Other Professional Services | 1,711,000 | USD | 0001558370-25-011224 |
| Q1 2025Quarterly · 2025-03-31 | Product | Access To Quantum Computing Systems | 140,000 | USD | 0001104659-26-058641 |
| Q1 2025Quarterly · 2025-03-31 | Product | Collaborative Research And Other Professional Services | 1,332,000 | USD | 0001104659-26-058641 |
| FY 2024Yearly · 2024-12-31 | Product | Access To Quantum Computing Systems | 356,000 | USD | 0001104659-26-023454 |
| FY 2024Yearly · 2024-12-31 | Product | Collaborative Research And Other Professional Services | 8,044,000 | USD | 0001104659-26-023454 |
| FY 2024Yearly · 2024-12-31 | Product | Collaborative Research Materials And Sales Of Quantum Computers | 2,390,000 | USD | 0001104659-26-023454 |
| Q3 2024Quarterly · 2024-09-30 | Product | Access To Quantum Computing Systems | 72,000 | USD | 0001104659-25-109141 |
| Q3 2024Quarterly · 2024-09-30 | Product | Collaborative Research And Other Professional Services | 1,963,000 | USD | 0001104659-25-109141 |
| Q3 2024Quarterly · 2024-09-30 | Product | Collaborative Research Materials And Sales Of Quantum Computers | 343,000 | USD | 0001104659-25-109141 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Asia | 63,000 | USD | 0001558370-24-015139 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Europe | 767,000 | USD | 0001558370-24-015139 |
| Q3 2024Quarterly · 2024-09-30 | Geography | United States | 1,548,000 | USD | 0001558370-24-015139 |
| Q2 2024Quarterly · 2024-06-30 | Product | Access To Quantum Computing Systems | 5,000 | USD | 0001558370-25-011224 |
| Q2 2024Quarterly · 2024-06-30 | Product | Collaborative Research And Other Professional Services | 3,081,000 | USD | 0001558370-25-011224 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Asia | 523,000 | USD | 0001558370-24-011594 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Europe | 407,000 | USD | 0001558370-24-011594 |
| Q2 2024Quarterly · 2024-06-30 | Geography | United States | 2,156,000 | USD | 0001558370-24-011594 |
| Q1 2024Quarterly · 2024-03-31 | Geography | Europe | 893,000 | USD | 0001558370-24-007606 |
| Q1 2024Quarterly · 2024-03-31 | Geography | United States | 2,159,000 | USD | 0001558370-24-007606 |
| FY 2023Yearly · 2023-12-31 | Product | Access To Quantum Computing Systems | 2,336,000 | USD | 0001558370-25-002499 |
| FY 2023Yearly · 2023-12-31 | Product | Collaborative Research And Other Professional Services | 7,862,000 | USD | 0001558370-25-002499 |
| FY 2023Yearly · 2023-12-31 | Product | Collaborative Research Materials And Sales Of Quantum Computers | 1,810,000 | USD | 0001558370-25-002499 |
| Q4 2023Quarterly · 2023-12-31 | Geography | Europe | 453,000 | USD | Legacy provider |
| Q4 2023Quarterly · 2023-12-31 | Geography | United States | 2,922,000 | USD | Legacy provider |
| FY 2023Yearly · 2023-12-31 | Geography | Europe | 913,000 | USD | 0001558370-24-003234 |
| FY 2023Yearly · 2023-12-31 | Geography | United States | 11,095,000 | USD | 0001558370-24-003234 |
| Q3 2023Quarterly · 2023-09-30 | Geography | Europe | 178,000 | USD | 0001558370-24-015139 |
| Q3 2023Quarterly · 2023-09-30 | Geography | United States | 2,927,000 | USD | 0001558370-24-015139 |
| Q2 2023Quarterly · 2023-06-30 | Geography | Europe | 120,000 | USD | 0001558370-24-011594 |
| Q2 2023Quarterly · 2023-06-30 | Geography | United States | 3,207,000 | USD | 0001558370-24-011594 |
| Q1 2023Quarterly · 2023-03-31 | Geography | Europe | 162,000 | USD | 0001558370-24-007606 |
| Q1 2023Quarterly · 2023-03-31 | Geography | United States | 2,039,000 | USD | 0001558370-24-007606 |
| FY 2022Yearly · 2022-12-31 | Product | Access To Quantum Computing Systems | 3,185,000 | USD | 0001558370-24-003234 |
| FY 2022Yearly · 2022-12-31 | Product | Collaborative Research And Other Professional Services | 9,917,000 | USD | 0001558370-24-003234 |
| Q4 2022Quarterly · 2022-12-31 | Geography | Europe | 700,000 | USD | Legacy provider |
| Q4 2022Quarterly · 2022-12-31 | Geography | United States | 5,360,000 | USD | Legacy provider |
| FY 2022Yearly · 2022-12-31 | Geography | Europe | 1,965,000 | USD | 0001558370-24-003234 |
| FY 2022Yearly · 2022-12-31 | Geography | United States | 11,137,000 | USD | 0001558370-24-003234 |
| FY 2021Yearly · 2021-12-31 | Product | Access To Quantum Computing Systems | 2,347,000 | USD | 0001193125-23-080486 |
| FY 2021Yearly · 2021-12-31 | Product | Collaborative Research And Other Professional Services | 5,849,000 | USD | 0001193125-23-080486 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.