RGTI Q1 2023 Earnings — Rigetti Computing, Inc. Revenue & Financial Results | Market Cap Arena

RGTIRigetti Computing, Inc.

$6B

Q1 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2M+4.6% YoY

Gross Profit

$2M76.8% margin

Operating Income

-$22M-1000.5% margin

Net Income

-$23M-1061.1% margin

EPS (Diluted)

$-0.19

QoQ Revenue Growth

-63.7%

Cash Flow

Operating Cash Flow

-$16M

Free Cash Flow

-$20M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$182M

Total Liabilities

$52M

Stockholders' Equity

$129M

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+4.6%
Gross Profit	$2M	$2M	+0.1%
Operating Income	-$22M	-$25M	+12.9%
Net Income	-$23M	-$18M	-32.4%

Revenue Segments

Collaborative research and other professional services

$2M82%

Access to quantum computing systems

$390,00018%