RGTI Q1 2024 Earnings — Rigetti Computing, Inc. Revenue & Financial Results | Market Cap Arena

RGTIRigetti Computing, Inc.

$6B

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$3M+38.7% YoY

Gross Profit

-$287,000-9.4% margin

Operating Income

-$17M-543.4% margin

Net Income

-$21M-680.6% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

-9.6%

Cash Flow

Operating Cash Flow

-$13M

Free Cash Flow

-$19M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$162M

Total Liabilities

$47M

Stockholders' Equity

$116M

Cash & Equivalents

$35M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$2M	+38.7%
Gross Profit	-$287,000	$2M	-117.0%
Operating Income	-$17M	-$22M	+24.7%
Net Income	-$21M	-$23M	+11.1%

Revenue Segments

Access to quantum computing systems

$215,000100%