Filing Flows › Rigetti Computing (RGTI) › Q4 2024
Rigetti Computing (RGTI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 7, 2025
Rigetti Computing (RGTI) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), -33% from a year earlier and -4% from the quarter before. Operating margin was -813.3%.
Rigetti Computing, Q4 2024: revenue $2.3M (-33% year over year), operating margin -813.3%, net loss $153M, operating cash flow −$8.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | -4% | -33% |
| Operating profit | −$18.5M | — | — |
| Net earnings | −$153M | — | — |
| Operating cash flow | −$8.5M | — | — |
What changed
Revenue was $2.3M in Q4 2024, down 33% year over year and down 4% from the previous quarter.
Gross margin was 44.1%, down 30.4 points from a year earlier. Operating costs exceeded revenue by $18.5M, an operating margin of -813.3%. Operating expenses fell 1% while revenue fell 33%. The quarter ended with a net loss of $153.0M, wider than the previous quarter's $14.8M loss. Net interest and other expense of $134.5M was the main reason.
Operating cash flow was −$8.5M. Non-cash charges added back $1.8M of depreciation and $3.4M of share-based compensation. Working capital and other items added $139.3M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$9.8M.
Questions
What was Rigetti Computing's revenue in the fourth quarter 2024?
Rigetti Computing (RGTI) reported revenue of $2.3M for the fourth quarter 2024 (Q4 2024), -33% from a year earlier and -4% from the quarter before.
Was Rigetti Computing profitable in the fourth quarter 2024?
Operating loss was $18.5M (-813.3% of revenue) and net loss $153M.
Source: Rigetti Computing 10-K on SEC EDGAR.