10-K Filing

Rigetti Computing, Inc. CIK: 1838359 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001558370-24-003234`
Period End Date	20231231
Filing Date	20240314
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	tmb-20231231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 43 Cash Flow Statement 99 Stockholders Equity 28 Comprehensive Income 14

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value per share (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share (in dollars 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, shares issued	`CommonStockSharesIssued`	147.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	125.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	125.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	147.07M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.39M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$84.92M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$78.54M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$6.24M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$5.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.71M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.45M	USD	Point-in-time
Forward contract-assets	`DerivativeAssetsCurrent`	$2.23M	USD	Point-in-time
Forward contract-assets	`DerivativeAssetsCurrent`	-	USD	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`	$154.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$107.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$44.48M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$7.63M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$9.32M	USD	Point-in-time
Other assets	`OtherAssets`	$129.00K	USD	Point-in-time
Other assets	`OtherAssets`	$129.00K	USD	Point-in-time
Total assets	`Assets`	$159.91M	USD	Point-in-time
Total assets	`Assets`	$203.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.94M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$8.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$8.56M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$961.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$985.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$343.00K	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$8.30M	USD	Point-in-time
Current portion of debt	`DebtCurrent`	$12.16M	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`	$29.05M	USD	Point-in-time
Debt, less current portion	`LongTermDebtNoncurrent`	$20.64M	USD	Point-in-time
Debt, less current portion	`LongTermDebtNoncurrent`	$9.89M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$7.86M	USD	Point-in-time
Operating lease liabilities, less current portion	`OperatingLeaseLiabilityNoncurrent`	$6.30M	USD	Point-in-time
Derivative warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$2.93M	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`	$2.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.33M	USD	Point-in-time
Commitments and contingencies (Note 21)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 21)	`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, 147,066,336 shares issued and outstanding at December 31, 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, 147,066,336 shares issued and outstanding at December 31, 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`	$463.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$429.02M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$244.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-161.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-278.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-353.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-71.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$150.22M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$109.59M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$203.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$159.91M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$13.10M	USD	Annual
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$12.01M	USD	Annual
Cost of revenue	`CostOfRevenue`	$2.80M	USD	Annual
Cost of revenue	`CostOfRevenue`	$2.87M	USD	Annual
Total gross profit	`GrossProfit`	$10.23M	USD	Annual
Total gross profit	`GrossProfit`	$9.21M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$52.77M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$59.95M	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$53.98M	USD	Annual
Selling, general and administrative	`GeneralAndAdministrativeExpense`	$27.74M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$5.38M	USD	Annual
Restructuring	`RestructuringCharges`	$991.00K	USD	Annual
Restructuring	`RestructuringCharges`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$119.31M	USD	Annual
Total operating expenses	`OperatingExpenses`	$81.50M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-109.08M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-72.30M	USD	Annual
Interest expense	`InterestExpense`	$5.78M	USD	Annual
Interest expense	`InterestExpense`	$5.29M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$5.08M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.43M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.16M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-22.13M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-19.21M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$949.00K	USD	Annual
Transaction costs	`TransactionCosts`	$927.00K	USD	Annual
Total other (expense) income, net	`NonoperatingIncomeExpense`	$37.56M	USD	Annual
Total other (expense) income, net	`NonoperatingIncomeExpense`	$-2.81M	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-71.52M	USD	Annual
Net loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-75.11M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-75.11M	USD	Annual
Net loss	`NetIncomeLoss`	$-71.52M	USD	Annual
Net loss per share attributable to common stockholders-basic (in $ per share)	`EarningsPerShareBasic`	$-0.57	USD	Annual
Net loss per share attributable to common stockholders-basic (in $ per share)	`EarningsPerShareBasic`	$-0.70	USD	Annual
Net loss per share attributable to common stockholders-diluted (in $ per share)	`EarningsPerShareDiluted`	$-0.57	USD	Annual
Net loss per share attributable to common stockholders-diluted (in $ per share)	`EarningsPerShareDiluted`	$-0.70	USD	Annual
Weighted average shares used in computing net loss per share attributable to common stockholders - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	102.30M	shares	Annual
Weighted average shares used in computing net loss per share attributable to common stockholders - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	131.98M	shares	Annual
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.30M	shares	Annual
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	131.98M	shares	Annual

Cash Flow Statement 99 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-71.52M	USD	Annual
Net loss	`ProfitLoss`	$-75.11M	USD	Annual
Depreciation and amortization	`Depreciation`	$7.02M	USD	Annual
Depreciation and amortization	`Depreciation`	$7.43M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$44.81M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$12.41M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-19.21M	USD	Annual
Change in fair value of earn-out liabilities	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$949.00K	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$1.16M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-22.13M	USD	Annual
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$2.23M	USD	Annual
Change in fair value of forward contract	`ChangeInFairValueOfForwardContract`	$-5.76M	USD	Annual
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	$-836.00K	USD	Annual
Impairment of deferred offering costs	`ImpairmentOfDeferredOfferingCosts`	-	USD	Annual
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$949.00K	USD	Annual
Accretion of available-for-sale securities	`DebtSecuritiesAvailableForSaleUnrealizedGainLoss`	$3.12M	USD	Annual
Amortization of debt issuance costs, commitment fees and accretion of debt end-of-term liabilities	`AmortizationOfFinancingCosts`	$1.45M	USD	Annual
Amortization of debt issuance costs, commitment fees and accretion of debt end-of-term liabilities	`AmortizationOfFinancingCosts`	$1.47M	USD	Annual
Non-cash lease expense	`NonCashLeaseExpense`	$1.68M	USD	Annual
Non-cash lease expense	`NonCashLeaseExpense`	$537.00K	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$5.38M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.21M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.69M	USD	Annual
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$259.00K	USD	Annual
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.06M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-618.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-24.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$895.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-707.00K	USD	Annual
Accrued expenses and operating lease liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$4.46M	USD	Annual
Accrued expenses and operating lease liabilities	`IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities`	$-1.72M	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Other liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-295.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.69M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.58M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.74M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.06M	USD	Annual
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$109.25M	USD	Annual
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$84.29M	USD	Annual
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$119.08M	USD	Annual
Maturities of available-for-sale securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-107.02M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$773.00K	USD	Annual
Proceeds from Business Combination, net of transaction costs paid	`ProceedsFromBusinessCombinationNetOfTransactionCostsPaid`	-	USD	Annual
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	Annual
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	-	USD	Annual
Transaction costs paid directly by Rigetti	`TransactionCostsPaid`	$18.84M	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	$5.00M	USD	Annual
Proceeds from issuance of notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Payments of principal of notes payable	`RepaymentsOfNotesPayable`	$8.33M	USD	Annual
Payments of principal of notes payable	`RepaymentsOfNotesPayable`	$1.29M	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$85.00K	USD	Annual
Payments of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payment of loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	$1.00M	USD	Annual
Payment of loan and security agreement exit fees	`PaymentOfLoanAndSecurityAgreementExitFees`	-	USD	Annual
Payments of offering costs	`PaymentOfDeferredOfferingCosts`	-	USD	Annual
Payments of offering costs	`PaymentOfDeferredOfferingCosts`	$107.00K	USD	Annual
Proceeds from sale of common stock through Common Stock Purchase Agreement	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of common stock through Common Stock Purchase Agreement	`ProceedsFromIssuanceOfCommonStock`	$20.54M	USD	Annual
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$6.07M	USD	Annual
Proceeds from issuance of common stock upon exercise of stock options and warrants	`ProceedsFromIssuanceOfCommonStockUponExerciseOfStockOptionsAndWarrants`	$1.13M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.23M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.45M	USD	Annual
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$101.00K	USD	Annual
Effects of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$80.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$45.84M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.50M	USD	Annual
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.39M	USD	Point-in-time
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 - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.39M	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 paid for interest	`InterestPaidNet`	$3.82M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$4.34M	USD	Annual
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMerger`	$20.41M	USD	Annual
Initial fair value of earn-out liability acquired in merger	`InitialFairValueOfEarnoutLiabilityAcquiredInMerger`	-	USD	Annual
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	-	USD	Annual
Initial fair value of private placement and public warrant liability acquired in merger	`InitialFairValueOfPrivatePlacementAndPublicWarrantsLiabilityAcquiredInMerger`	$22.93M	USD	Annual
Reclassification of loan and security agreement warrants to equity	`ReclassificationOfLoansAndSecurityAgreementWarrantsToEquity`	$6.37M	USD	Annual
Reclassification of loan and security agreement warrants to equity	`ReclassificationOfLoansAndSecurityAgreementWarrantsToEquity`	-	USD	Annual
Settlement of the first tranche of forward contract	`SettlementOfTheFirstTrancheOfForwardContract`	$3.31M	USD	Annual
Settlement of the first tranche of forward contract	`SettlementOfTheFirstTrancheOfForwardContract`	-	USD	Annual
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$1.52M	USD	Annual
Capitalization of deferred costs to equity upon share issuance	`CapitalizationOfDeferredCostsToEquityUponShareIssuance`	$13.00K	USD	Annual
Purchases of property and equipment recorded in accounts payable	`PurchasesOfPropertyAndEquipmentRecordedInAccountsPayable`	$673.00K	USD	Annual
Purchases of property and equipment recorded in accounts payable	`PurchasesOfPropertyAndEquipmentRecordedInAccountsPayable`	$3.61M	USD	Annual
Purchases of property and equipment recorded in accrued expenses	`PurchasesOfPropertyAndEquipmentRecordedInAccruedExpense`	$639.00K	USD	Annual
Purchases of property and equipment recorded in accrued expenses	`PurchasesOfPropertyAndEquipmentRecordedInAccruedExpense`	$1.02M	USD	Annual
Unrealized Gain (Loss) on short term investments	`UnrealizedGainLossOnInvestments`	$-314.00K	USD	Annual
Unrealized Gain (Loss) on short term investments	`UnrealizedGainLossOnInvestments`	$325.00K	USD	Annual
Right-of-use assets recorded on adoption of ASU 2016-02	`RightOfUseAssetsRecordedOnAdoptionOfAsu201602`	$6.27M	USD	Annual
Right-of-use assets recorded on adoption of ASU 2016-02	`RightOfUseAssetsRecordedOnAdoptionOfAsu201602`	-	USD	Annual
Operating lease liabilities recorded on adoption of ASU 2016-02	`OperatingLeaseLiabilitiesRecordedOnAdoptionOfAsu201602`	$6.62M	USD	Annual
Operating lease liabilities recorded on adoption of ASU 2016-02	`OperatingLeaseLiabilitiesRecordedOnAdoptionOfAsu201602`	-	USD	Annual
Lease liabilities arising from obtaining right-of-use assets	`LeaseLiabilitiesArisingFromObtainingRightOfUseAssets`	-	USD	Annual
Lease liabilities arising from obtaining right-of-use assets	`LeaseLiabilitiesArisingFromObtainingRightOfUseAssets`	$4.89M	USD	Annual

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-71.53M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$150.22M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$109.59M	USD	Point-in-time
Beginning balance (in shares)	`SharesOutstanding`	113.81M	shares	Point-in-time
Issuance of common stock upon conversion of legacy Series C and Series C-1 preferred stock in connection with the Business Combination (Note 3)	`ReclassificationsOfTemporaryToPermanentEquity`	$81.52M	USD	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.02M	USD	Annual
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.12M	USD	Annual
Issuance of common stock upon exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	4.05M	shares	Annual
Issuance of common stock upon exercise of common stock warrants	`IssuanceOfCommonStockUponExerciseOfCommonStockWarrants`	$5.00K	USD	Annual
Issuance of common stock upon exercise of common stock warrants	`IssuanceOfCommonStockUponExerciseOfCommonStockWarrants`	$5.05M	USD	Annual
Issuance of common stock through Business Combination and PIPE financing, net of transaction costs and derivative liabilities	`IssuanceOfCommonStockThroughBusinessCombinationAndPrivateInvestmentOfPublicEquityNetOfTransactionCostsAndDerivativeLiabilitiesValue`	$159.54M	USD	Annual
Reclassification of loan and security agreement warrants to equity	`AdjustmentsToAdditionalPaidInCapitalExerciseOfLoanAndSecurityAgreementWarrants`	$6.37M	USD	Annual
Settlement of the first tranche of forward contract	`AdjustmentsToAdditionalPaidInCapitalSettlementOfTheFirstTrancheOfForwardContract`	$3.31M	USD	Annual
Proceeds from sale of common stock through Purchase Agreement	`StockIssuedDuringPeriodValueNewIssues`	$20.54M	USD	Annual
Capitalization of deferred costs to equity upon share issuance	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$13.00K	USD	Annual
Capitalization of deferred costs to equity upon share issuance	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$1.52M	USD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$12.41M	USD	Annual
Stock-based Compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$44.81M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$80.00K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$101.00K	USD	Annual
Change in unrealized gain (loss) on available-for-sale securities	`IncreaseDecreaseInUnrealizedLossOnAvailableForSaleSecurities`	$325.00K	USD	Annual
Change in unrealized gain (loss) on available-for-sale securities	`IncreaseDecreaseInUnrealizedLossOnAvailableForSaleSecurities`	$-314.00K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-75.11M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-71.52M	USD	Annual
Ending balance	`StockholdersEquity`	$-71.53M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$150.22M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$109.59M	USD	Point-in-time
Ending balance (in shares)	`SharesOutstanding`	113.81M	shares	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-75.11M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-71.52M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$80.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$101.00K	USD	Annual
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-314.00K	USD	Annual
Unrealized gains (losses) on available-for-sale debt securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$325.00K	USD	Annual
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$405.00K	USD	Annual
Total other comprehensive income (loss) before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-213.00K	USD	Annual
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Income taxes	`OtherComprehensiveIncomeLossTax`	-	USD	Annual
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-213.00K	USD	Annual
Total other comprehensive income (loss) after income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$405.00K	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-74.70M	USD	Annual
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-71.73M	USD	Annual

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