A Business at a Glance
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Rigetti Computing, Inc.
RGTI
$4.4B
Mkt Cap
$14.15
-4.71%
Rigetti Computing, Inc. (RGTI) has a 5-year average return on invested capital (ROIC) of -67.5%. This is below average and may indicate limited pricing power.
Rigetti Computing, Inc. (RGTI) has a market capitalization of $4.4B. It is classified as a mid-cap stock.
Rigetti Computing, Inc. (RGTI) does not currently pay a regular dividend.
Rigetti Computing, Inc. (RGTI) operates in the Services-Computer Programming Services industry, within the Technology sector.
Rigetti Computing, Inc. (RGTI) generated $-77 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Rigetti Computing, Inc. (RGTI) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
Rigetti Computing, Inc. (RGTI) reported earnings per share (EPS) of $-0.70 in its most recent fiscal year.
Our mission is to build the world’s most powerful computers to help solve humanity’s most important and pressing problems. Our strategy is to be at the forefront of superconducting quantum computing. Classical computers are plateauing, Moore’s law has slowed, returns for parallelization are diminishing and energy requirements can’t keep up. Today, many of the world’s most important computational challenges remain intractable, lying beyond the capabilities of traditional supercomputers and cloud infrastructure. We build and operate quantum computers. We believe quantum computing represents one of the most transformative emerging capabilities in the world today. By leveraging quantum mechanics, our quantum computers process information in fundamentally new, more powerful ways compared to classical computing with meaningful power efficiency. When scaled, we believe these systems are poised to solve problems of staggering computational complexity at unprecedented speed.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Collaborative research and professional services | — | — | — | $8M | $7M | 94% |
Access to quantum computing systems | $2M | $3M | $2M | $0M | $0M | 6% |
Collaborative research, other professional services and related materials | — | $10M | $10M | $8M | — | — |
Collaborative research materials and sales of quantum computers | — | — | — | $2M | — | — |
Collaborative research material and sales of quantum computers | — | — | $2M | $2M | — | — |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | - | - | - | - |
| Net Income | -216M | -216M | -201M | -75M | -72M | -38M |
| EPS | $-0.70 | $-0.70 | $-1.09 | $-0.57 | $-0.70 | $-1.64 |
| Free Cash Flow | -77M | -77M | -62M | -60M | -85M | -36M |
| ROIC | -13.2% | -64.3% | -158.8% | -62.9% | -41.9% | -9.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.01 | 0.01 | 0.07 | 0.39 | 0.32 | -0.02 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -85M | -85M | -69M | -72M | -109M | -34M |
| Operating Margin | 0.0% | - | - | - | - | - |
| ROE | -39.6% | -64.3% | -158.8% | -68.5% | -47.6% | - |
| Shares Outstanding | 309M | 309M | 184M | 286M | 102M | 129M |
| Metric | ||||||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | N/A | N/A | N/A | N/A | N/A | 0 |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | 27M | 60M | 53M | 50M | 61M | 61M |
| SG&A | 11M | 54M | 28M | 24M | 25M | 25M |
| EBIT | -34M | -109M | -72M | -69M | -85M | -85M |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Net Income | -38M | -72M | -75M | -201M | -216M | -216M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Non-Recurring | 0 | 5.4M | 991K | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -9.9% | -41.9% | -62.9% | -158.8% | -64.3% | -13.2% |
| ROE | N/A | -47.6% | -68.5% | -158.8% | -64.3% | -39.6% |
| ROA | -11.1% | -35.2% | -47.0% | -70.6% | -45.5% | -32.4% |
| Cash Flow | ||||||
| Op. Cash Flow | -29M | -63M | -51M | -51M | -59M | -59M |
| Free Cash Flow | -36M | -85M | -60M | -62M | -77M | -77M |
| Owner Earnings | -35M | -115M | -70M | -71M | -84M | -84M |
| CapEx | 7.0M | 23M | 9.1M | 11M | 19M | 19M |
| Maint. CapEx | 4.7M | 7.0M | 7.4M | 6.9M | 8.2M | 8.2M |
| Growth CapEx | 2.4M | 16M | 1.6M | 4.2M | 11M | 11M |
| D&A | 4.7M | 7.0M | 7.4M | 6.9M | 8.2M | 8.2M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 1.8M | 45M | 12M | 13M | 18M | 18M |
| Debt Repayment | 247K | 85K | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | -22M | -95M | -57M | -127M | -83M | -38M |
| Cash & Equiv. | 12M | 58M | 21M | 68M | 45M | 45M |
| Long-Term Debt | N/A | 21M | 9.9M | 0 | N/A | 7.2M |
| Debt/Equity | -0.02 | 0.32 | 0.39 | 0.07 | 0.01 | 0.01 |
| Interest Coverage | -13.8 | -20.6 | -12.5 | -21.0 | N/A | N/A |
| Equity | -72M | 150M | 110M | 127M | 546M | 546M |
| Total Assets | 346M | 203M | 160M | 285M | 667M | 667M |
| Total Liabilities | 36M | 53M | 50M | 158M | 120M | 120M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -207M | -279M | -354M | -555M | -771M | -771M |
| Working Capital | 11M | 133M | 79M | 195M | 443M | 443M |
| Current Assets | 18M | 154M | 108M | 207M | 455M | 455M |
| Current Liabilities | 7.6M | 22M | 29M | 12M | 12M | 12M |
| Per Share Data | ||||||
| EPS | -1.64 | -0.70 | -0.57 | -1.09 | -0.70 | -0.70 |
| Owner EPS | -0.28 | -1.12 | -0.25 | -0.38 | -0.27 | -0.27 |
| Book Value | -0.56 | 1.47 | 0.38 | 0.69 | 1.77 | 1.77 |
| Cash Flow/Share | -0.23 | -0.61 | -0.18 | -0.27 | -0.19 | -0.67 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 128.8M | 102.2M | 285.8M | 184.4M | 308.9M | 308.9M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -20.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 0.5 | 2.7 | 24.9 | N/A | 8.0 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF Yield | N/A | -123.0% | -20.5% | -2.0% | N/A | -1.8% |
| Market Cap | 0 | 69M | 292M | 3.1B | 0 | 4.4B |
| Avg. Price | 0.00 | 5.20 | 1.15 | 1.70 | 0.00 | 14.15 |
| Year-End Price | 0.00 | 0.68 | 1.02 | 17.08 | 0.00 | 14.15 |
Rigetti Computing, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
Rigetti Computing, Inc. (RGTI) has a return on equity (ROE) of -64.3%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 5 years of financial data for Rigetti Computing, Inc. (RGTI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rigetti Computing, Inc. (RGTI) has a book value per share of $1.77, based on its most recent annual SEC filing.