10-Q Filing

Rigetti Computing, Inc. CIK: 1838359 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-014492`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	tmb-20230630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 85 Cash Flow Statement 99 Comprehensive Income 26

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	125.26M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	132.40M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	23.65M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	132.40M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	125.26M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.71M	USD	Point-in-time
Available-for-sale investments	`MarketableSecuritiesCurrent`	$83.77M	USD	Point-in-time
Available-for-sale investments	`MarketableSecuritiesCurrent`	$84.92M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.24M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$7.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.34M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.45M	USD	Point-in-time
Forward contract-assets	`ForwardContractAssetsCurrent`	$2.23M	USD	Point-in-time
Forward contract-assets	`ForwardContractAssetsCurrent`	$1.08M	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	$742.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$154.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$117.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.36M	USD	Point-in-time
Operating lease - right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$6.30M	USD	Point-in-time
Operating lease - right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$8.55M	USD	Point-in-time
Operating lease - right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$9.32M	USD	Point-in-time
Other assets	`OtherAssets`	$130.00K	USD	Point-in-time
Other assets	`OtherAssets`	$129.00K	USD	Point-in-time
Total assets	`Assets`	$167.57M	USD	Point-in-time
Total assets	`Assets`	$203.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$947.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$6.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$8.21M	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$833.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$961.00K	USD	Point-in-time
Debt - current portion	`DebtCurrent`	$8.30M	USD	Point-in-time
Debt - current portion	`DebtCurrent`	$10.67M	USD	Point-in-time
Operating lease liabilities-current	`OperatingLeaseLiabilityCurrent`	$2.35M	USD	Point-in-time
Operating lease liabilities-current	`OperatingLeaseLiabilityCurrent`	$2.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.35M	USD	Point-in-time
Debt - net of current portion	`DebtNetOfCurrentPortion`	$20.64M	USD	Point-in-time
Debt - net of current portion	`DebtNetOfCurrentPortion`	$16.10M	USD	Point-in-time
Operating lease liabilities - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$7.86M	USD	Point-in-time
Operating lease liabilities - noncurrent	`OperatingLeaseLiabilityNoncurrent`	$7.28M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$2.65M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$1.21M	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$1.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$49.20M	USD	Point-in-time
Commitments and contingencies - note 18	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies - note 18	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, none outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, none outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 132,401,062 shares issued and outstanding at June 30, 2023 and 125,257,233 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$12.00K	USD	Point-in-time
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 132,401,062 shares issued and outstanding at June 30, 2023 and 125,257,233 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$437.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$429.02M	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-161.00K	USD	Point-in-time
Accumulated other comprehensive gain (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-318.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-278.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$150.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-71.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$118.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$170.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$163.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$129.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$167.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$203.44M	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.33M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.13M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.24M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$5.53M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$597.00K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$1.29M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$873.00K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$1.11M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$2.73M	USD	1 Quarter
Total gross profit	`GrossProfit`	$1.26M	USD	1 Quarter
Total gross profit	`GrossProfit`	$4.42M	USD	2 Qtrs
Total gross profit	`GrossProfit`	$2.95M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$26.93M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$12.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.22M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$26.67M	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$5.75M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$27.31M	USD	2 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$14.27M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$14.76M	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$991.00K	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$991.00K	USD	Point-in-time
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Restructuring	`RestructuringCharges`	-	USD	2 Qtrs
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.68M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$18.97M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.98M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-38.26M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-16.24M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-51.03M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-25.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.04M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.48M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.98M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$878.00K	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-11.75M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$5.00K	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$350.00K	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$631.00K	USD	2 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-12.56M	USD	2 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.57M	USD	1 Quarter
Transaction costs	`TransactionCosts`	$927.00K	USD	2 Qtrs
Transaction costs	`TransactionCosts`	-	USD	1 Quarter
Transaction costs	`TransactionCosts`	-	USD	2 Qtrs
Transaction costs	`TransactionCosts`	-	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.06M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$13.51M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$21.14M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-730.00K	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-40.32M	USD	2 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.25M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.97M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.89M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.32M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-29.89M	USD	2 Qtrs
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.32	USD	2 Qtrs
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.36	USD	2 Qtrs
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.36	USD	2 Qtrs
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.32	USD	2 Qtrs
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	84,061.00	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	126,657.00	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	114,096.00	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	128,515.00	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	114,096.00	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	84,061.00	shares	2 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	128,515.00	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	126,657.00	shares	2 Qtrs

Cash Flow Statement 99 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-40.32M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-29.89M	USD	2 Qtrs
Depreciation and amortization	`Depreciation`	$4.25M	USD	2 Qtrs
Depreciation and amortization	`Depreciation`	$2.98M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$5.06M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$22.52M	USD	2 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$350.00K	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$631.00K	USD	2 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-12.56M	USD	2 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-6.57M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-7.98M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$878.00K	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-11.75M	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$5.00K	USD	1 Quarter
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$-5.08M	USD	2 Qtrs
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$1.14M	USD	2 Qtrs
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	-	USD	2 Qtrs
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	$-836.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$428.00K	USD	2 Qtrs
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$416.00K	USD	2 Qtrs
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$1.57M	USD	2 Qtrs
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	-	USD	2 Qtrs
Accretion of debt commitment fee	`AmortizationOfDebtCommitmentFeeAsset`	$-158.00K	USD	2 Qtrs
Accretion of debt commitment fee	`AmortizationOfDebtCommitmentFeeAsset`	$-116.00K	USD	2 Qtrs
Accretion of debt end-of-term liabilities	`AccretionOfDebtEndOfTermLiabilities`	$-135.00K	USD	2 Qtrs
Accretion of debt end-of-term liabilities	`AccretionOfDebtEndOfTermLiabilities`	$-96.00K	USD	2 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	$764.00K	USD	2 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.39M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.03M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$2.90M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$888.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$1.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-34.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$123.00K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-128.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-882.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.30M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$2.56M	USD	2 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-2.26M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$122.00K	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.09M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.62M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.74M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.64M	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$57.62M	USD	2 Qtrs
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$60.59M	USD	2 Qtrs
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.64M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.77M	USD	2 Qtrs
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	$225.60M	USD	Point-in-time
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	$225.60M	USD	2 Qtrs
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	-	USD	2 Qtrs
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	$17.43M	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$5.00M	USD	2 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Payment on principal of notes payable	`RepaymentsOfNotesPayable`	$2.86M	USD	2 Qtrs
Payment on principal of notes payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payments on deferred offering costs	`PaymentOfDeferredOfferingCosts`	-	USD	2 Qtrs
Payments on deferred offering costs	`PaymentOfDeferredOfferingCosts`	$107.00K	USD	2 Qtrs
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$85.00K	USD	2 Qtrs
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payment on loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	-	USD	2 Qtrs
Payment on loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	$1.00M	USD	2 Qtrs
Proceeds from sale of common stock through Common Stock Purchase Agreement	`ProceedsFromIssuanceOfCommonStock`	$2.35M	USD	2 Qtrs
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$903.00K	USD	2 Qtrs
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$5.67M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$286.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$217.77M	USD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.00K	USD	2 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-79.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.18M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$172.09M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.89M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$184.14M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.71M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.89M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$184.14M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.71M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$2.33M	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$1.71M	USD	2 Qtrs
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMergera`	$20.41M	USD	Point-in-time
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMergera`	-	USD	Point-in-time
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	$22.93M	USD	Point-in-time
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	-	USD	Point-in-time
Exercise of loan and security agreement warrants	`ExerciseOfLoanAndSecurityAgreementWarrants`	$6.37M	USD	2 Qtrs
Settlement of the first tranche of forward contract	`SettlementOfTheFirstTrancheOfForwardContract`	$3.31M	USD	2 Qtrs
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	$241.00K	USD	2 Qtrs
Unrealized gain on short-term investments	`UnrealizedGainLossOnInvestments`	-	USD	2 Qtrs
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$848.00K	USD	2 Qtrs
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$13.00K	USD	2 Qtrs
Purchases of property and equipment recorded in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$307.00K	USD	2 Qtrs
Purchases of property and equipment recorded in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$428.00K	USD	2 Qtrs
Purchases of property and equipment recorded in accrued expenses	`PurchasesOfPropertyAndEquipmentRecordedInAccruedExpense`	-	USD	2 Qtrs
Purchases of property and equipment recorded in accrued expenses	`PurchasesOfPropertyAndEquipmentRecordedInAccruedExpense`	$33.00K	USD	2 Qtrs

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-16.97M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.25M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-40.32M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-29.89M	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-79.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$47.00K	USD	2 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$38.00K	USD	1 Quarter
Unrealized gains on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.00K	USD	1 Quarter
Unrealized gains on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$241.00K	USD	2 Qtrs
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$38.00K	USD	1 Quarter
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$47.00K	USD	2 Qtrs
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$7.00K	USD	1 Quarter
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$162.00K	USD	2 Qtrs
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	2 Qtrs
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$162.00K	USD	2 Qtrs
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$47.00K	USD	2 Qtrs
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$7.00K	USD	1 Quarter
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$38.00K	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-29.85M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-40.16M	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-16.96M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-12.21M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.