7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 
      
    		               
      cash flows from operating activities:
    		               
      net income
    		-200,968,000 -39,654,000 42,619,000 -152,961,000 -14,833,000 -12,421,000 -20,773,000 -12,572,000 -22,215,000 -16,966,000 -23,354,000 -22,872,000 -28,205,000 -9,974,000 -10,470,000 
      adjustments to reconcile net income to net cash from operating activities:
    		               
      depreciation and amortization
    		2,074,000 1,894,000 1,829,000 1,751,000 1,821,000 1,547,000 1,787,000 1,045,000 2,132,000 2,160,000 2,089,000 2,216,000 1,823,000 1,588,000 1,390,000 
      stock-based compensation
    		4,299,000 3,554,000 4,174,000 3,364,000 3,427,000 3,287,000 2,991,000 3,682,000 3,669,000 3,355,000 1,703,000 7,169,000 15,121,000 11,041,000 11,481,000 
      change in fair value of earn-out liabilities
    		4,062,000 2,257,000 -8,837,000 44,256,000 -820,000 -1,315,000 1,621,000 -1,413,000 1,731,000 350,000 281,000     
      change in fair value of derivative warrant liabilities
    		181,955,000 20,557,000 -53,262,000 90,885,000 -1,200,000 -2,100,000 2,583,000 -3,160,000 3,442,000 5,000 873,000 -2,279,000 -5,344,000 -8,687,000 -5,822,000 
      accretion of available-for-sale securities
    		-3,629,000 -1,973,000 -1,423,000 -870,000 -976,000 -921,000 -855,000 -811,000 -739,000 -1,065,000 -506,000 -593,000    
      amortization of debt issuance costs, commitment fees and accretion of final payment fees
    		               
      non-cash lease expense
    		399,000 392,000 384,000 376,000 749,000 393,000 391,000 394,000 524,000 385,000 379,000     
      changes in operating assets and liabilities:
    		               
      accounts receivable
    		-524,000 -685,000 1,359,000 3,957,000 -1,152,000 -526,000 323,000 -2,033,000 4,633,000 -2,309,000 915,000 -3,939,000 277,000 -1,312,000 282,000 
      prepaid expenses, other current assets and other assets
    		-1,010,000 -2,215,000 1,379,000 -479,000 -934,000 -1,456,000 435,000 768,000        
      deferred revenue
    		-118,000 -29,000 34,000 -75,000 50,000 707,000 -214,000 -129,000 -361,000 274,000 -402,000 150,000 -297,000 589,000 -466,000 
      accounts payable
    		-49,000 -129,000 747,000 -228,000 277,000 -1,419,000 334,000 1,107,000 1,086,000 -814,000 -484,000 -13,000 188,000 -2,364,000 1,482,000 
      accrued expenses and operating lease liabilities
    		-313,000 -138,000 -2,654,000 951,000 -2,030,000 458,000 -2,060,000         
      net cash from operating activities
    		-13,822,000 -16,169,000 -13,651,000 -8,544,000 -15,427,000 -13,517,000 -13,139,000 -12,421,000 -4,540,000 -18,070,000 -15,548,000 -14,207,000 -13,397,000 -19,364,000 -15,721,000 
      capex
    		-4,547,000 -6,721,000 -1,065,000 -994,000 -3,538,000 -2,421,000 -4,378,000 2,084,000 -1,117,000 -921,000 -4,474,000 -3,219,000 -8,637,000 -7,800,000 -2,836,000 
      free cash flows
    		-18,369,000 -22,890,000 -14,716,000 -9,538,000 -18,965,000 -15,938,000 -17,517,000 -10,337,000 -5,657,000 -18,991,000 -20,022,000 -17,426,000 -22,034,000 -27,164,000 -18,557,000 
      cash flows from investing activities:
    		               
      purchases of property and equipment
    		-5,889,000 -5,667,000 -2,547,000 -1,282,000 -2,278,000 -2,045,000 -5,493,000 -1,548,000 -1,776,000 -931,000 -4,804,000 -3,443,000 -8,658,000 -7,800,000 -2,836,000 
      purchases of available-for-sale securities
    		-84,087,000 -394,456,000 -44,062,000 -126,313,000 -22,456,000 -48,708,000 -27,287,000 -30,205,000 -21,428,000 -19,091,000 -38,528,000 2,899,000    
      maturities of available-for-sale securities
    		70,000,000 54,000,000 23,000,000 50,001,000 30,999,000 37,500,000 39,000,000 21,002,000 37,493,000 32,243,000 28,346,000     
      net cash from investing activities
    		-19,976,000 -346,123,000 -23,609,000 -77,594,000 6,265,000 -13,253,000 6,220,000 -10,751,000 14,289,000 12,221,000 -14,986,000 -544,000 -95,844,000 -7,800,000 -2,836,000 
      cash flows from financing activities:
    		               
      payments of principal of notes payable
    		    -3,292,000 -3,154,000 -3,045,000         
      proceeds from sale of common stock through common stock purchase agreement
    		       5,493,000 12,703,000       
      proceeds from sale of common stock through at-the-market (atm) offerings
    		0               
      proceeds from sale of common stock from quanta private placement transaction
    		0               
      payments of offering costs
    		-90,000 -725,000 -73,000 -1,357,000 -29,000 -273,000 -174,000         
      net proceeds from tax withholdings on sell-to-cover equity award transactions
    		0 0 6,272,000             
      proceeds from issuance of common stock upon exercise of stock options
    		366,000 1,116,000 327,000             
      proceeds from issuance of common stock upon exercise of warrants
    		2,541,000 50,000 409,000             
      net cash from financing activities
    		2,817,000 382,160,000 6,935,000 133,674,000 8,692,000 12,383,000 20,710,000 2,689,000 10,255,000 1,440,000 -1,154,000 -1,635,000 -677,000 4,321,000 213,445,000 
      effects of exchange rate changes on cash and cash equivalents
    		-69,000 153,000 -187,000 -148,000 72,000 -27,000 -85,000 118,000 41,000 4,000 -83,000     
      net decrease in cash and cash equivalents
    		-31,050,000    -398,000           
      cash and cash equivalents – beginning of period
    		0 0 67,674,000 0 0 0 21,392,000 0 0 0 57,888,000     
      cash and cash equivalents – end of period
    		-31,050,000 20,021,000 37,162,000 47,388,000 -398,000 -14,414,000 35,098,000 -20,365,000 20,045,000 -4,405,000 26,117,000     
      supplemental disclosures of other cash flow information:
    		               
      cash paid for interest
    		   293,000 553,000 693,000 811,000 1,041,000 969,000 1,258,000 1,072,000 1,080,000 1,031,000 830,000 878,000 
      non-cash investing and financing activities:
    		               
      capitalization of deferred costs to equity upon share issuance
    		    58,000 80,000 52,000 0 0 0 13,000 422,000 250,000   
      purchases of property and equipment recorded in accounts payable
    		1,169,000 -991,000 1,408,000 214,000 -487,000 -376,000 1,115,000 3,218,000 87,000 97,000 210,000 224,000 21,000   
      purchases of property and equipment recorded in accrued expenses
    		173,000 -63,000 74,000 74,000 -773,000   414,000 572,000 -87,000 120,000     
      non-cash addition to operating lease right-of-use asset and liability
    		               
      reclassification of earn-out liabilities to additional paid-in capital for vesting of promote sponsor vesting shares
    		10,433,000 0 32,946,000             
      reclassification of derivative liabilities to additional paid-in capital due to exercise of public warrants
    		1,335,000 17,000 257,000             
      unrealized gain on short term investments
    		   12,000 70,000 2,000 -18,000         
      purchases of offering costs in accounts payable
    		               
      unrealized gain/(loss) on short term investments
    		               
      proceeds from sale of common stock through at-the-market (atm) offering
    		               
      net increase in cash and cash equivalents
    		  -30,512,000    13,706,000 -20,365,000 20,045,000 -4,405,000 -31,771,000     
      purchases of deferred offering costs in accounts payable
    		  122,000   -244,000 273,000         
      unrealized losses on short term investments
    		  -8,000             
      change in fair value of forward contract
    		       0 1,085,000 44,000 1,100,000 -299,000 -388,000   
      impairment of deferred offering costs
    		       0 0 94,000 742,000     
      loss on extinguishment of debt
    		               
      principal repayments and prepayment and final payment fees of notes payable
    		               
      net payments of tax withholdings on sell-to-cover equity award transactions
    		               
      proceeds from sale of common stock through registered direct offering
    		               
      proceeds from issuance of common stock upon exercise of stock options and warrants
    		   471,000 15,000 8,000 60,000 124,000 99,000 152,000 751,000 78,000 315,000 5,073,000 602,000 
      non-cash addition to operating lease right-of-use assets and lease liability
    		   0            
      amortization of debt issuance costs, commitment fees and accretion of debt end-of-term liabilities
    		    194,000 249,000 298,000 353,000        
      proceeds from sale of common stock from sales through common stock purchase agreement
    		    0 0 12,838,000         
      proceeds from sale of common stock from sales through at-the-market (atm) offering
    		    11,998,000 15,802,000 11,031,000         
      goodwill impairment
    		               
      other liabilities
    		           -437,000 20,000 79,000 43,000 
      proceeds from business combination, net of transaction costs paid
    		           0 0 0 225,604,000 
      transaction costs paid directly by rigetti
    		           -422,000 -992,000 -697,000 -16,731,000 
      proceeds from issuance of notes payable
    		           0 0   
      payments of debt issuance costs
    		               
      payment of loan and security agreement exit fees
    		               
      initial fair value of earn-out liability acquired in merger
    		               
      initial fair value of private placement and public warrant liability acquired in merger
    		               
      reclassification of loan and security agreement warrants to equity
    		           0    
      settlement of the first tranche of forward contract
    		           0 0   
      right-of-use assets recorded on adoption of asu 2016‑02
    		               
      operating lease liabilities recorded on adoption of asu 2016‑02
    		               
      lease liabilities arising from obtaining right-of-use assets
    		               
      accrued expenses and other current liabilities
    		        193,000 -2,292,000 32,000 987,000 2,502,000 -1,639,000 2,606,000 
      payment on principal of notes payable
    		        -2,547,000 -1,060,000 -1,798,000     
      payments on debt issuance costs
    		           0 0 -55,000 -30,000 
      payment on loan and security agreement exit fees
    		           0 0 0 -1,000,000 
      payments on deferred offering costs
    		        0 0 -107,000     
      unrealized gain short term investments
    		               
      amortization of debt issuance costs
    		         191,000 237,000 -155,000 405,000 431,000 236,000 
      accretion of debt commitment fee
    		               
      accretion of debt end-of-term liabilities
    		         24,000 72,000     
      prepaid expenses and other current assets
    		         -1,582,000 694,000 1,183,000 616,000 156,000 -3,054,000 
      other assets
    		         0 -1,000 -1,000 1,000 952,000 -918,000 
      supplemental disclosure of cash flow information
    		               
      supplemental disclosure of non-cash investing and financing activities:
    		               
      exercise of loan and security agreement warrants
    		               
      unrealized gain on short-term investments
    		         3,000 238,000     
      accretion of debt commitment fee asset
    		          82,000     
      cash flows from operating activities
    		               
      change in fair value of earnout liability
    		             -8,024,000 -9,634,000 
      amortization of debt commitment fee asset
    		               
      accretion of debt end of term liabilities
    		              46,000 
      cash flows from investing activities
    		               
      cash flows from financing activities
    		               
      payments on principal of notes payable
    		               
      effect of changes in exchange rate on cash and restricted cash
    		           320,000 -265,000 37,000 9,000 
      net increase in cash, cash equivalents, and restricted cash
    		           -16,066,000    
      cash, cash equivalents, and restricted cash at beginning of period
    		           0    
      cash, cash equivalents, and restricted cash at end of period
    		           -16,066,000    
      supplemental disclosure of cash flow information:
    		               
      supplemental disclosure of non-cash financing activity:
    		               
      deferred offering costs in accounts payable and accrued expenses
    		               
      fair value of loan and security agreement warrant liability
    		              2,691,000 
      initial fair value of private placement and public warrants liability acquired in merger
    		               
      purchases of property and equipment recorded in accrued expense
    		               
      unrealized loss on short term investments
    		               
      right-of-use assets recorded on adoption of asu 2016-02
    		               
      operating lease liabilities recorded on adoption of asu 2016-02
    		               
      change in fair value of earn-out liability
    		               
      supplemental disclosure of non- cash financing and investing activities:
    		               
      fair value of earn-out liability
    		            -6,170,000 0 26,583,000 
      fair value of private placement and public warrants liability
    		            445,000   
      net increase in cash and restricted cash
    		             -22,806,000 194,897,000 
      cash and restricted cash at beginning of period
    		             0 12,046,000 
      cash and restricted cash at end of period
    		             -22,806,000 206,943,000 
      •
    		               
      change in fair value of forward contract—liabilities
    		              -2,970,000 
      amortization of exit fee asset
    		              47,000 
      proceeds from issuance of debt and warrants
    		              5,000,000 
      fair value of private placement warrants liability
    		              22,487,000 
      adjustments to reconcile net income to cash from operating activities:
    		               
      offering costs associated with derivative liabilities
    		               
      income from investments held in trust account
    		               
      prepaid expenses
    		               
      accrued expenses
    		               
      cash deposited in trust account
    		               
      proceeds from note payable to related party
    		               
      repayment of note payable to related party
    		               
      proceeds received from initial public offering, gross
    		               
      proceeds received from private placement
    		               
      offering costs paid
    		               
      net change in cash
    		               
      cash - beginning of the period
    		               
      cash - end of the period
    		               
      supplemental disclosure of noncash financing activities:
    		               
      offering costs included in accrued expenses
    		               
      prepaid expenses paid by sponsor in exchange for issuance of class b ordinary shares
    		               
      deferred underwriting commissions
    		               
      accretion of class a ordinary shares to redemption amount
    		               
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.