10-Q Filing

Rigetti Computing, Inc. CIK: 1838359 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001558370-23-018559`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	tmb-20230930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 85 Cash Flow Statement 96 Comprehensive Income 28

Balance Sheet 89 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.76M	USD	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.89M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$68.47M	USD	Point-in-time
Common stock par or stated value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$84.92M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.24M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.47M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	125.26M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	140.18M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.45M	USD	Point-in-time
Forward contract-assets	`DerivativeAssetsCurrent`	-	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	1.00M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	140.18M	shares	Point-in-time
Forward contract-assets	`DerivativeAssetsCurrent`	$2.23M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	125.26M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	23.65M	shares	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	$742.00K	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$154.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.35M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.53M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$6.30M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$8.03M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$9.32M	USD	Point-in-time
Other assets	`OtherAssets`	$132.00K	USD	Point-in-time
Other assets	`OtherAssets`	$129.00K	USD	Point-in-time
Total assets	`Assets`	$203.44M	USD	Point-in-time
Total assets	`Assets`	$165.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$7.39M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$8.21M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$811.00K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$472.00K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$985.00K	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$961.00K	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$11.52M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$8.30M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.35M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$2.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.04M	USD	Point-in-time
Debt - net of current portion	`LongTermDebtNoncurrent`	$20.64M	USD	Point-in-time
Debt - net of current portion	`LongTermDebtNoncurrent`	$13.11M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$6.71M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$7.86M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$6.09M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$3.57M	USD	Point-in-time
Earn-out liabilities	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$1.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$52.51M	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, 140,181,421 shares issued and outstanding at September 30, 2023 and 125,257,233 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 140,181,421 shares issued and outstanding at September 30, 2023 and 125,257,233 shares issued and outstanding at December 31, 2022	`CommonStockValue`	$12.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$453.79M	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`	$74.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-278.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-341.19M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$170.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$118.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$150.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$165.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$112.69M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-71.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$165.20M	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`	$3.10M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.80M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$8.63M	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$7.04M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$776.00K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$2.06M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$1.94M	USD	3 Qtrs
Cost of revenue	`CostOfRevenue`	$834.00K	USD	1 Quarter
Total gross profit	`GrossProfit`	$6.69M	USD	3 Qtrs
Total gross profit	`GrossProfit`	$4.98M	USD	3 Qtrs
Total gross profit	`GrossProfit`	$2.03M	USD	1 Quarter
Total gross profit	`GrossProfit`	$2.27M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$44.04M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$39.98M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$17.36M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$13.06M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$43.29M	USD	3 Qtrs
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$15.99M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$6.05M	USD	1 Quarter
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$20.81M	USD	3 Qtrs
Restructuring	`RestructuringCharges`	-	USD	3 Qtrs
Restructuring	`RestructuringCharges`	$991.00K	USD	3 Qtrs
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Restructuring	`RestructuringCharges`	$991.00K	USD	Point-in-time
Restructuring	`RestructuringCharges`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$87.33M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$61.78M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$33.35M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-55.09M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-16.83M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-31.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-82.35M	USD	3 Qtrs
Interest expense	`InterestExpense`	$1.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.51M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.81M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.17M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.75M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.04M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.26M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$4.32M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-19.85M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-8.10M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.44M	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.86M	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.36M	USD	3 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-17.42M	USD	3 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.73M	USD	1 Quarter
Transaction costs	`TransactionCosts`	-	USD	3 Qtrs
Transaction costs	`TransactionCosts`	$927.00K	USD	3 Qtrs
Transaction costs	`TransactionCosts`	-	USD	1 Quarter
Transaction costs	`TransactionCosts`	-	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-5.38M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-7.45M	USD	3 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$12.57M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$33.70M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-62.53M	USD	3 Qtrs
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-18.75M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-22.21M	USD	1 Quarter
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-48.65M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-18.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-62.53M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-48.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.21M	USD	1 Quarter
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.51	USD	3 Qtrs
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.48	USD	3 Qtrs
Net loss per share attributable to common stockholders-basic	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.51	USD	3 Qtrs
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.48	USD	3 Qtrs
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Net loss per share attributable to common stockholders-diluted	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	129.17M	shares	3 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	133.87M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	118.57M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.69M	shares	3 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.69M	shares	3 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.17M	shares	3 Qtrs
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	118.57M	shares	1 Quarter
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	133.87M	shares	1 Quarter

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-62.53M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-48.65M	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$6.38M	USD	3 Qtrs
Depreciation and amortization	`Depreciation`	$4.80M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$8.73M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$37.64M	USD	3 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-4.86M	USD	1 Quarter
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$2.36M	USD	3 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-17.42M	USD	3 Qtrs
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.73M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$4.32M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-19.85M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-8.10M	USD	1 Quarter
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.44M	USD	1 Quarter
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$2.23M	USD	3 Qtrs
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$-5.46M	USD	3 Qtrs
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	-	USD	3 Qtrs
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	$-836.00K	USD	3 Qtrs
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$2.31M	USD	3 Qtrs
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$356.00K	USD	3 Qtrs
Amortization of debt issuance costs, commitment fees and accretion of debt end-of term liabilities	`AmortizationOfFinancingCosts`	$1.07M	USD	3 Qtrs
Amortization of debt issuance costs, commitment fees and accretion of debt end-of term liabilities	`AmortizationOfFinancingCosts`	$1.10M	USD	3 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	-	USD	3 Qtrs
Non-cash lease expense	`NonCashLeaseExpense`	$1.29M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.24M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$753.00K	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.25M	USD	3 Qtrs
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.03M	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-174.00K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-489.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-694.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-212.00K	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-2.07M	USD	3 Qtrs
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$3.47M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$142.00K	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.48M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.16M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.51M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.29M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$87.19M	USD	3 Qtrs
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$79.05M	USD	3 Qtrs
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	3 Qtrs
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$98.08M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.48M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.52M	USD	3 Qtrs
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	-	USD	3 Qtrs
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	$225.60M	USD	3 Qtrs
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	$225.60M	USD	Point-in-time
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	-	USD	3 Qtrs
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	$18.42M	USD	3 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$5.00M	USD	3 Qtrs
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Payment on principal of notes payable	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Payment on principal of notes payable	`RepaymentsOfNotesPayable`	$5.41M	USD	3 Qtrs
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments on debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$85.00K	USD	3 Qtrs
Payment on loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	$1.00M	USD	3 Qtrs
Payment on loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	-	USD	3 Qtrs
Payments on deferred offering costs	`PaymentOfDeferredOfferingCosts`	-	USD	3 Qtrs
Payments on deferred offering costs	`PaymentOfDeferredOfferingCosts`	$107.00K	USD	3 Qtrs
Proceeds from sale of common stock through Common Stock Purchase Agreement	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock through Common Stock Purchase Agreement	`ProceedsFromIssuanceOfCommonStock`	$15.05M	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$1.00M	USD	3 Qtrs
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$5.99M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$217.09M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.54M	USD	3 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-38.00K	USD	3 Qtrs
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-219.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$61.91M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.13M	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.05M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$73.95M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.76M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.89M	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`	$73.95M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$41.76M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$57.89M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$3.30M	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$2.74M	USD	3 Qtrs
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMerger`	$20.41M	USD	3 Qtrs
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMerger`	-	USD	3 Qtrs
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	-	USD	3 Qtrs
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	$22.93M	USD	3 Qtrs
Reclassification of loan and security agreement warrants to equity	`ReclassificationOfLoansAndSecurityAgreementWarrantsToEquity`	-	USD	3 Qtrs
Reclassification of loan and security agreement warrants to equity	`ReclassificationOfLoansAndSecurityAgreementWarrantsToEquity`	$6.37M	USD	3 Qtrs
Settlement of the first tranche of forward contract	`SettlementOfTheFirstTrancheOfForwardContract`	-	USD	3 Qtrs
Settlement of the first tranche of forward contract	`SettlementOfTheFirstTrancheOfForwardContract`	$3.31M	USD	3 Qtrs
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$13.00K	USD	3 Qtrs
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$1.10M	USD	3 Qtrs
Purchases of property and equipment recorded in accounts payable	`PurchasesOfPropertyAndEquipmentRecordedInAccountsPayable`	$394.00K	USD	3 Qtrs
Purchases of property and equipment recorded in accounts payable	`PurchasesOfPropertyAndEquipmentRecordedInAccountsPayable`	$449.00K	USD	3 Qtrs
Purchases of property and equipment recorded in accrued expenses	`PurchasesOfPropertyAndEquipmentRecordedInAccruedExpense`	$605.00K	USD	3 Qtrs
Unrealized gain (loss) Short Term Investments	`UnrealizedGainLossOnInvestments`	$-356.00K	USD	3 Qtrs
Unrealized gain (loss) Short Term Investments	`UnrealizedGainLossOnInvestments`	$273.00K	USD	3 Qtrs

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-18.75M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-62.53M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-48.65M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.21M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-38.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$41.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-223.00K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-270.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-356.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$32.00K	USD	1 Quarter
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$273.00K	USD	3 Qtrs
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-356.00K	USD	3 Qtrs
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$73.00K	USD	1 Quarter
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-579.00K	USD	3 Qtrs
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$235.00K	USD	3 Qtrs
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-626.00K	USD	1 Quarter
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	3 Qtrs
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	1 Quarter
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	3 Qtrs
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-626.00K	USD	1 Quarter
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$73.00K	USD	1 Quarter
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$235.00K	USD	3 Qtrs
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-579.00K	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-22.14M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-62.30M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-49.23M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-19.38M	USD	1 Quarter

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