Rigetti Computing reported fiscal year 2021 revenues of $8.2 million compared to $5.5 million in fiscal year 2020, a 48% rate of growth. The direct comparison gets a little complicated because Rigetti changed its fiscal calendar to conclude on December 31. So, the report for FY 2021 represented an 11 month year ending on December 31, 2021 while FY 2020 represented a full 12 month year that ended on January 31, 2021. The adjust EBITDA came in at a loss of $27.4 million which was about the same level as FY 2020. The company held $11.7 million in cash as of December 31, 2021 and announced that they received net proceeds of approximately $205.0 million as a result of their recent business combination with Supernova Partners Acquisition Company II, Ltd. A press release with additional financial details and a summary of recent technical, business, and operational developments can be accessed here.

March 10, 2022