press@rigetti.com<\/a><\/p>\nCautionary Language Concerning Forward-Looking Statements<\/strong>
Certain statements in this communication may be considered \u201cforward-looking statements\u201d within the meaning of the federal securities laws, including statements with respect to the Company\u2019s future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; expectations regarding the advantages and impact of the government-funded projects on the Company\u2019s operations, technology roadmap, milestones, and the Company\u2019s position in the industry; statements to the development of innovative approaches to scaling to higher qubit count systems and the impact of our open and modular system architecture, in-house full-stack expertise, and world-class partners; expectations for work under the AFOSR Award to shed light on defects in superconducting qubits and open new avenues for understanding and mitigating them; and expectations for the Quantum Missions pilot competition projects to: (a) lead to identifying and understanding key system components needed for scalable QEC, and (b) create an open-architecture quantum computing testbed and deliver an open specification for quantum workflows, creating a common interface between quantum software and hardware. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company\u2019s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company\u2019s partnerships and collaborations, including the strategic collaboration with Quanta; the Company\u2019s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company\u2019s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company\u2019s past and future financings or other capital; the sufficiency of the Company\u2019s cash resources; unfavorable conditions in the Company\u2019s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled \u201cRisk Factors\u201d and \u201cCautionary Note Regarding Forward-Looking Statements\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.<\/p>\n\n| \u00a0<\/td>\n<\/tr>\n |
\nRIGETTI COMPUTING,\u00a0INC.
<\/strong>CONDENSED CONSOLIDATED BALANCE SHEETS
<\/strong>(in thousands, except number of shares and par value)
<\/strong>(unaudited)<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | March 31,<\/strong><\/td>\n| \u00a0<\/td>\n | December 31,<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | 2025<\/strong><\/td>\n| \u00a0<\/td>\n | 2024<\/strong><\/td>\n<\/tr>\n\nAssets<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Current assets:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Cash and cash equivalents<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 37,162<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 67,674<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Available-for-sale investments – short-term<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 171,966<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 124,420<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accounts receivable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,068<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,427<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Prepaid expenses<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,124<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 3,156<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Other current assets<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,041<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 9,081<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total current assets<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 214,361<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 206,758<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Available-for-sale investments – long-term<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 25,068<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Property and equipment, net<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 46,100<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 44,643<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Operating lease right-of-use assets<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 7,609<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 7,993<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Other assets<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,068<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 325<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total assets<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 269,138<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 284,787<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nLiabilities and Stockholders’ Equity<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Current liabilities:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accounts payable<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 3,401<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 1,590<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accrued expenses and other current liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 5,665<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 8,005<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Current portion of deferred revenue<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 147<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 113<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Current portion of operating lease liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,179<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,159<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total current liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 11,392<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 11,867<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Deferred revenue, less current portion<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 698<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 698<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Operating lease liabilities, less current portion<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,230<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,641<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Derivative warrant liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 39,576<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 93,095<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Earn-out liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 4,114<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 45,897<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 62,010<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 158,198<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Commitments and contingencies<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Stockholders\u2019 equity:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, none outstanding<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 286,974,947 shares issued and outstanding at March 31, 2025 and 283,546,871 shares issued and outstanding at December\u00a031,\u00a02024<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 29<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 29<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Additional paid-in capital<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 719,315<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 681,202<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accumulated other comprehensive (loss) income<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (88<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 105<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accumulated deficit<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (512,128<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (554,747<\/td>\n | )<\/td>\n<\/tr>\n | \n| Total stockholders\u2019 equity<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 207,128<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 126,589<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total liabilities and stockholders\u2019 equity<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 269,138<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 284,787<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \nRIGETTI COMPUTING,\u00a0INC.<\/strong>
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong>
(in thousands, except per share data)
(unaudited)<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | Three months ended March 31,<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | 2025<\/strong><\/td>\n2024<\/strong><\/td>\n<\/tr>\n\n| Revenue<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 1,472<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 3,052<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Cost of revenue<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,030<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,552<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total gross profit<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 442<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,500<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Operating expenses:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Research and development<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 15,455<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 11,471<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Selling, general and administrative<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,619<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,614<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Total operating expenses<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 22,074<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 18,085<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Loss from operations<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (21,632<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (16,585<\/td>\n | )<\/td>\n<\/tr>\n | \n| Other income (expense), net<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Interest expense<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (1,107<\/td>\n | )<\/td>\n<\/tr>\n | \n| Interest income<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,152<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,123<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Change in fair value of derivative warrant liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 53,262<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (2,583<\/td>\n | )<\/td>\n<\/tr>\n | \n| Change in fair value of earn-out liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 8,837<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (1,621<\/td>\n | )<\/td>\n<\/tr>\n | \n| Total other income (expense), net<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 64,251<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (4,188<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net income (loss) before provision for income taxes<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 42,619<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (20,773<\/td>\n | )<\/td>\n<\/tr>\n | \n| Provision for income taxes<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Net income (loss)<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 42,619<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | (20,773<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net income (loss) available to common stockholders used in diluted earnings per share<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 38,256<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | (20,773<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net income (loss) per share attributable to common stockholders\u00a0\u2013 basic<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 0.15<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | (0.14<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net income (loss) per share attributable to common stockholders\u00a0\u2013 diluted<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 0.13<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | (0.14<\/td>\n | )<\/td>\n<\/tr>\n | \n| Weighted average shares used to compute net income (loss) per share attributable to common stockholders\u00a0\u2013 basic<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 284,698<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 151,855<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Weighted average shares used to compute net income (loss) per share attributable to common stockholders\u00a0\u2013 diluted<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 301,595<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 151,855<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n<\/tr>\n | \nRIGETTI COMPUTING\u00a0INC.<\/strong>
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong>
(in thousands)
(unaudited)<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | Three months ended March 31,<\/strong><\/td>\n<\/tr>\n\n| \u00a0<\/td>\n | \u00a0<\/td>\n | 2025<\/strong><\/td>\n| \u00a0<\/td>\n | 2024<\/strong><\/td>\n<\/tr>\n\nCash flows from operating activities:<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Net income (loss)<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 42,619<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | (20,773<\/td>\n | )<\/td>\n<\/tr>\n | \n| Adjustments to reconcile net income (loss) to net cash used in operating activities:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Depreciation and amortization<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,829<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,787<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Stock-based compensation<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 4,174<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,991<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Change in fair value of earn-out liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (8,837<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,621<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Change in fair value of derivative warrant liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (53,262<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 2,583<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accretion of available-for-sale securities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (1,423<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (855<\/td>\n | )<\/td>\n<\/tr>\n | \n| Amortization of debt issuance costs, commitment fees and accretion of final payment fees<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 298<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Non-cash lease expense<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 384<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 391<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Changes in operating assets and liabilities:<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accounts receivable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,359<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 323<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Prepaid expenses, other current assets and other assets<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,379<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 435<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Deferred revenue<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 34<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (214<\/td>\n | )<\/td>\n<\/tr>\n | \n| Accounts payable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 747<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 334<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Accrued expenses and operating lease liabilities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (2,654<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (2,060<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net cash used in operating activities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (13,651<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (13,139<\/td>\n | )<\/td>\n<\/tr>\n | \nCash flows from investing activities:<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Purchases of property and equipment<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (2,547<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (5,493<\/td>\n | )<\/td>\n<\/tr>\n | \n| Purchases of available-for-sale securities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (44,062<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (27,287<\/td>\n | )<\/td>\n<\/tr>\n | \n| Maturities of available-for-sale securities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 23,000<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 39,000<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Net cash (used in) provided by investing activities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (23,609<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,220<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nCash flows from financing activities:<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Payments of principal of notes payable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (3,045<\/td>\n | )<\/td>\n<\/tr>\n | \n| Proceeds from sale of common stock through Common Stock Purchase Agreement<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 12,838<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Proceeds from sale of common stock through At-The-Market (ATM) Offering<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 11,031<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Payments of offering costs<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (73<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (174<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net proceeds from tax withholdings on sell-to-cover equity award transactions<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,272<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Proceeds from issuance of common stock upon exercise of stock options<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 327<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 60<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Proceeds from issuance of common stock upon exercise of warrants<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 409<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Net cash provided by financing activities<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 6,935<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 20,710<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Effects of exchange rate changes on cash and cash equivalents<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (187<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (85<\/td>\n | )<\/td>\n<\/tr>\n | \n| Net (decrease) increase in cash and cash equivalents<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (30,512<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 13,706<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Cash and cash equivalents \u2013 beginning of period<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 67,674<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 21,392<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Cash and cash equivalents \u2013 end of period<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 37,162<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 35,098<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nSupplemental disclosures of other cash flow information:<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Cash paid for interest<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | $<\/td>\n | 811<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \nNon-cash investing and financing activities:<\/strong><\/td>\n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Capitalization of deferred costs to equity upon share issuance<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 52<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Purchases of property and equipment recorded in accounts payable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,408<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 1,115<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Purchases of property and equipment recorded in accrued expenses<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 74<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Reclassification of earn-out liabilities to additional paid-in capital for vesting of Promote Sponsor Vesting Shares<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 32,946<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Reclassification of derivative liabilities to additional paid-in capital due to exercise of Public Warrants<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 257<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u2014<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Purchases of deferred offering costs in accounts payable<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 122<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | 273<\/td>\n | \u00a0<\/td>\n<\/tr>\n | \n| Unrealized losses on short term investments<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (8<\/td>\n | )<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | (18<\/td>\n | )<\/td>\n<\/tr>\n | \n| \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n | \u00a0<\/td>\n<\/tr>\n ![\"\"](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/Rigetti-Co-LLC.png\") <\/p>\n","protected":false},"excerpt":{"rendered":"BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (\u201cRigetti\u201d or the \u201cCompany\u201d), a…\n","protected":false},"author":2,"featured_media":58364,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3164],"tags":[3284,14703,30576,3358,30577,53,16,15],"class_list":{"0":"post-111003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-computing","9":"tag-llc","10":"tag-nasdaqrgti","11":"tag-quantum-computing","12":"tag-rigetti-co","13":"tag-technology","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114527392630521093","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=111003"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/111003\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/58364"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=111003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=111003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=111003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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