Symbols / RGTI $15.41 -1.66%
RGTI Chart
About
Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Computer Hardware | Market Cap | 5.12B |
| Enterprise Value | 4.68B | Income | -216.21M | Sales | 7.09M |
| Book/sh | 1.65 | Cash/sh | 1.33 | Dividend Yield | — |
| Payout | 0.00% | Employees | 162 | IPO | — |
| P/E | — | Forward P/E | -81.64 | PEG | — |
| P/S | 722.13 | P/B | 9.35 | P/C | — |
| EV/EBITDA | -61.21 | EV/Sales | 660.57 | Quick Ratio | 36.96 |
| Current Ratio | 37.42 | Debt/Eq | 1.31 | LT Debt/Eq | — |
| EPS (ttm) | -0.70 | EPS next Y | -0.19 | EPS Growth | — |
| Revenue Growth | -17.90% | Earnings | 2026-05-12 | ROA | -11.12% |
| ROE | -64.27% | ROIC | — | Gross Margin | 29.12% |
| Oper. Margin | -12.10% | Profit Margin | 0.00% | Shs Outstand | 332.15M |
| Shs Float | 326.98M | Short Float | 13.54% | Short Ratio | 1.46 |
| Short Interest | — | 52W High | 58.15 | 52W Low | 6.86 |
| Beta | 1.72 | Avg Volume | 30.78M | Volume | 23.74M |
| Target Price | $32.45 | Recom | Buy | Prev Close | $15.67 |
| Price | $15.41 | Change | -1.66% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$32.45
Mean price target
2. Current target
$15.41
Latest analyst target
3. DCF / Fair value
$-2.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.41
Low
$15.91
High
$43.00
Mean
$32.45
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-05 | main | Benchmark | Buy → Buy | $35 |
| 2026-03-05 | main | Mizuho | Outperform → Outperform | $43 |
| 2026-03-05 | main | Rosenblatt | Buy → Buy | $40 |
| 2026-03-05 | main | Needham | Buy → Buy | $31 |
| 2026-01-22 | up | B. Riley Securities | Neutral → Buy | $35 |
| 2026-01-21 | main | Wedbush | Outperform → Outperform | $40 |
| 2026-01-21 | main | Rosenblatt | Buy → Buy | $40 |
| 2026-01-15 | init | Rosenblatt | — → Buy | $40 |
| 2025-12-17 | init | Wedbush | — → Outperform | $35 |
| 2025-12-16 | init | Jefferies | — → Hold | $30 |
| 2025-12-11 | init | Mizuho | — → Outperform | $50 |
| 2025-11-12 | main | B. Riley Securities | Neutral → Neutral | $35 |
| 2025-11-12 | main | Benchmark | Buy → Buy | $40 |
| 2025-11-03 | down | B. Riley Securities | Buy → Neutral | $42 |
| 2025-10-07 | main | Benchmark | Buy → Buy | $50 |
| 2025-09-22 | main | B. Riley Securities | Buy → Buy | $35 |
| 2025-08-13 | main | Benchmark | Buy → Buy | $20 |
| 2025-08-04 | main | Needham | Buy → Buy | $18 |
| 2025-07-23 | main | B. Riley Securities | Buy → Buy | $19 |
| 2025-07-02 | init | Cantor Fitzgerald | — → Overweight | $15 |
- Dear Rigetti Computing Stock Fans, Mark Your Calendars for March 4 - Yahoo Finance ue, 03 Mar 2026 08
- Quantum Computing Stocks: Rigetti Earnings In Line, Revenue Light - Investor's Business Daily Wed, 04 Mar 2026 08
- Here’s How Rigetti (RGTI)’s Shares Behaved After Jim Cramer Said “It’s A Quantum GameStop” In January 2025 - Insider Monkey hu, 19 Mar 2026 16
- RGTI Stock Slips After-Hours As Loss Widens On Rising Quantum Spending — CEO Bets Chiplets Will ‘Outshine’ Rivals - Stocktwits Wed, 04 Mar 2026 08
- Quantum player Rigetti hits 99.9% gate fidelity and lands $8.4M India deal - Stock Titan Wed, 04 Mar 2026 08
- Can Rigetti's 99.9% Fidelity Break the Quantum Scaling Barrier? - TradingView hu, 19 Mar 2026 15
- Rigetti Computing (RGTI) Is Down 8.3% After India Quantum Deal And Wider Q4 Losses Has The Bull Case Changed? - simplywall.st ue, 17 Mar 2026 11
- If You'd Invested $5,000 in Rigetti Computing Stock (RGTI) 1 Year Ago, Here's How Much You'd Have Today - The Motley Fool Fri, 30 Jan 2026 08
- What's Going On With Rigetti Computing (RGTI) Stock Friday? - Finviz Fri, 27 Feb 2026 08
- Rigetti Computing Is About to Report Q4 Earnings. Options Traders Expect a Major Move in RGTI Stock - TipRanks Mon, 02 Mar 2026 08
- RGTI Stock To $50? - Forbes Fri, 23 Jan 2026 08
- RGTI Rigetti Computing (NASDAQ) pre-market: Q4 earnings due 04 Mar 2026, upside possible - Meyka Wed, 04 Mar 2026 08
- Rigetti Computing slides as Q4 results miss estimates (RGTI:NASDAQ) - Seeking Alpha Wed, 04 Mar 2026 08
- 1,602,967 Shares in Rigetti Computing, Inc. $RGTI Purchased by Clear Street Group Inc. - MarketBeat Sun, 15 Mar 2026 09
- Rigetti Computing, Inc. (RGTI) Dips More Than Broader Market: What You Should Know - Yahoo Finance Singapore hu, 19 Mar 2026 21
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 80000 | — | — | Stock Award(Grant) at price 0.00 per share. | RIVAS DAVID | Chief Technology Officer | — | 2026-03-10 00:00:00 | D |
| 1 | 36719 | 643321 | — | Sale at price 17.52 per share. | RIVAS DAVID | Chief Technology Officer | — | 2026-03-10 00:00:00 | D |
| 2 | 4270 | 74804 | — | Sale at price 17.52 per share. | BERTELSEN JEFFREY A | Chief Financial Officer | — | 2026-03-10 00:00:00 | D |
| 3 | 59316 | 1329378 | — | Sale at price 22.41 per share. | FITZGERALD ALISSA | Director | — | 2026-01-02 00:00:00 | D |
| 4 | 150000 | 4100805 | — | Sale at price 27.34 per share. | CLIFTON MICHAEL S. | Director | — | 2025-12-09 00:00:00 | D |
| 5 | 41935 | 1104555 | — | Sale at price 26.34 per share. | RIVAS DAVID | Chief Technology Officer | — | 2025-11-20 00:00:00 | D |
| 6 | 3702 | 97551 | — | Sale at price 26.35 per share. | BERTELSEN JEFFREY A | Chief Financial Officer | — | 2025-11-20 00:00:00 | D |
| 7 | 62000 | 2782889 | — | Sale at price 44.89 per share. | SANDFORD HELENE GAIL | Director | — | 2025-10-17 00:00:00 | D |
| 8 | 17635 | 436440 | — | Sale at price 24.75 - 26.98 per share. | SANDFORD HELENE GAIL | Director | — | 2025-09-19 00:00:00 | D |
| 9 | 100000 | 117000 | — | Conversion of Exercise of derivative security at price 1.17 per share. | IANNOTTI THOMAS J | Director | — | 2025-09-12 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -59.93M | -56.49M | -58.80M | -94.25M |
| TotalUnusualItems | -148.11M | -134.34M | -3.10M | 35.03M |
| TotalUnusualItemsExcludingGoodwill | -148.11M | -134.34M | -3.10M | 35.03M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -216.21M | -200.99M | -75.11M | -71.52M |
| ReconciledDepreciation | 8.17M | 6.91M | 7.43M | 7.02M |
| ReconciledCostOfRevenue | 5.02M | 5.09M | 2.80M | 2.87M |
| EBITDA | -208.04M | -190.83M | -61.90M | -59.22M |
| EBIT | -216.21M | -197.73M | -69.33M | -66.23M |
| NetInterestIncome | 16.56M | 1.86M | -703.00K | -2.85M |
| InterestExpense | 0.00 | 3.25M | 5.78M | 5.29M |
| InterestIncome | 16.56M | 5.11M | 5.08M | 2.43M |
| NormalizedIncome | -68.10M | -66.65M | -72.01M | -106.56M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -216.21M | -200.99M | -75.11M | -71.52M |
| TotalExpenses | 91.75M | 79.30M | 83.31M | 116.81M |
| TotalOperatingIncomeAsReported | -84.66M | -68.51M | -72.30M | -109.08M |
| DilutedAverageShares | 309.76M | 184.67M | 131.98M | 102.30M |
| BasicAverageShares | 309.76M | 184.67M | 131.98M | 102.30M |
| DilutedEPS | -0.70 | -1.09 | -0.57 | -0.70 |
| BasicEPS | -0.70 | -1.09 | -0.57 | -0.70 |
| DilutedNIAvailtoComStockholders | -216.21M | -200.99M | -75.11M | -71.52M |
| NetIncomeCommonStockholders | -216.21M | -200.99M | -75.11M | -71.52M |
| NetIncome | -216.21M | -200.99M | -75.11M | -71.52M |
| NetIncomeIncludingNoncontrollingInterests | -216.21M | -200.99M | -75.11M | -71.52M |
| NetIncomeContinuousOperations | -216.21M | -200.99M | -75.11M | -71.52M |
| TaxProvision | 0.00 | 0.00 | 0.00 | 0.00 |
| PretaxIncome | -216.21M | -200.99M | -75.11M | -71.52M |
| OtherIncomeExpense | -148.11M | -134.34M | -3.10M | 35.03M |
| SpecialIncomeCharges | 2.52M | -44.17M | -1.94M | 12.90M |
| OtherSpecialCharges | 426.00K | |||
| ImpairmentOfCapitalAssets | 0.00 | 5.38M | ||
| RestructuringAndMergernAcquisition | -2.52M | 43.74M | 1.94M | -18.28M |
| GainOnSaleOfSecurity | -150.63M | -90.17M | -1.16M | 22.13M |
| NetNonOperatingInterestIncomeExpense | 16.56M | 1.86M | -703.00K | -2.85M |
| InterestExpenseNonOperating | 0.00 | 3.25M | 5.78M | 5.29M |
| InterestIncomeNonOperating | 16.56M | 5.11M | 5.08M | 2.43M |
| OperatingIncome | -84.66M | -68.51M | -71.30M | -103.70M |
| OperatingExpense | 86.72M | 74.21M | 80.51M | 113.93M |
| ResearchAndDevelopment | 61.34M | 49.75M | 52.77M | 59.95M |
| SellingGeneralAndAdministration | 25.38M | 24.46M | 27.74M | 53.98M |
| SellingAndMarketingExpense | 6.35M | |||
| GeneralAndAdministrativeExpense | 47.63M | |||
| OtherGandA | 47.63M | |||
| GrossProfit | 2.06M | 5.70M | 9.21M | 10.23M |
| CostOfRevenue | 5.02M | 5.09M | 2.80M | 2.87M |
| TotalRevenue | 7.09M | 10.79M | 12.01M | 13.10M |
| OperatingRevenue | 7.09M | 10.79M | 12.01M | 13.10M |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 331.28M | 283.55M | 147.07M | 125.26M |
| ShareIssued | 331.28M | 283.55M | 147.07M | 125.26M |
| NetDebt | 666.00K | |||
| TotalDebt | 7.17M | 8.80M | 30.57M | 39.14M |
| TangibleBookValue | 546.20M | 126.59M | 109.59M | 150.22M |
| InvestedCapital | 546.20M | 126.59M | 131.65M | 179.16M |
| WorkingCapital | 442.61M | 194.89M | 78.61M | 132.72M |
| NetTangibleAssets | 546.20M | 126.59M | 109.59M | 150.22M |
| CapitalLeaseObligations | 7.17M | 8.80M | 8.51M | 10.20M |
| CommonStockEquity | 546.20M | 126.59M | 109.59M | 150.22M |
| TotalCapitalization | 546.20M | 126.59M | 119.48M | 170.86M |
| TotalEquityGrossMinorityInterest | 546.20M | 126.59M | 109.59M | 150.22M |
| StockholdersEquity | 546.20M | 126.59M | 109.59M | 150.22M |
| GainsLossesNotAffectingRetainedEarnings | 997.00K | 105.00K | 244.00K | -161.00K |
| OtherEquityAdjustments | 997.00K | 105.00K | 244.00K | -161.00K |
| RetainedEarnings | -770.96M | -554.75M | -353.76M | -278.65M |
| AdditionalPaidInCapital | 1.32B | 681.20M | 463.09M | 429.02M |
| CapitalStock | 33.00K | 29.00K | 14.00K | 12.00K |
| CommonStock | 33.00K | 29.00K | 14.00K | 12.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 120.38M | 158.20M | 50.33M | 53.22M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 108.22M | 146.33M | 21.27M | 31.47M |
| OtherNonCurrentLiabilities | 45.90M | 2.15M | 1.21M | |
| PreferredSecuritiesOutsideStockEquity | 0.00 | |||
| DerivativeProductLiabilities | 102.59M | 93.09M | 2.93M | 1.77M |
| NonCurrentDeferredLiabilities | 698.00K | 698.00K | 0.00 | |
| NonCurrentDeferredRevenue | 698.00K | 698.00K | 0.00 | |
| LongTermDebtAndCapitalLeaseObligation | 4.93M | 6.64M | 16.19M | 28.49M |
| LongTermCapitalLeaseObligation | 4.93M | 6.64M | 6.30M | 7.86M |
| LongTermDebt | 9.89M | 20.64M | ||
| CurrentLiabilities | 12.15M | 11.87M | 29.05M | 21.75M |
| OtherCurrentLiabilities | 550.00K | 623.00K | 1.30M | 1.28M |
| CurrentDeferredLiabilities | 847.00K | 113.00K | 343.00K | 961.00K |
| CurrentDeferredRevenue | 847.00K | 113.00K | 343.00K | 961.00K |
| CurrentDebtAndCapitalLeaseObligation | 2.23M | 2.16M | 14.37M | 10.65M |
| CurrentCapitalLeaseObligation | 2.23M | 2.16M | 2.21M | 2.35M |
| CurrentDebt | 12.16M | 8.30M | ||
| OtherCurrentBorrowings | 12.16M | 8.30M | ||
| PayablesAndAccruedExpenses | 8.52M | 8.97M | 13.03M | 8.86M |
| CurrentAccruedExpenses | 4.78M | 6.99M | 5.22M | 5.76M |
| InterestPayable | 0.00 | 297.00K | 314.00K | |
| Payables | 3.74M | 1.98M | 7.81M | 3.10M |
| TotalTaxPayable | 256.00K | 391.00K | 2.04M | 1.16M |
| AccountsPayable | 3.49M | 1.59M | 5.77M | 1.94M |
| TotalAssets | 666.57M | 284.79M | 159.91M | 203.44M |
| TotalNonCurrentAssets | 211.81M | 78.03M | 52.25M | 48.98M |
| OtherNonCurrentAssets | 2.03M | 325.00K | 129.00K | 129.00K |
| InvestmentsAndAdvances | 146.32M | 25.07M | 0.00 | |
| InvestmentinFinancialAssets | 146.32M | 25.07M | 0.00 | |
| AvailableForSaleSecurities | 146.32M | 25.07M | ||
| GoodwillAndOtherIntangibleAssets | 0.00 | |||
| Goodwill | 0.00 | |||
| NetPPE | 63.46M | 52.64M | 52.12M | 48.85M |
| AccumulatedDepreciation | -48.41M | -40.31M | -33.30M | -25.86M |
| GrossPPE | 111.87M | 92.94M | 85.42M | 74.71M |
| Leases | 10.05M | 8.87M | 8.37M | 7.56M |
| ConstructionInProgress | 2.58M | 1.34M | 0.00 | |
| OtherProperties | 93.78M | 78.08M | 72.56M | 62.86M |
| MachineryFurnitureEquipment | 5.47M | 4.66M | 4.49M | 4.28M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 454.76M | 206.76M | 107.67M | 154.47M |
| OtherCurrentAssets | 5.51M | 9.08M | 771.00K | 2.45M |
| HedgingAssetsCurrent | 0.00 | 2.23M | ||
| CurrentDeferredAssets | 0.00 | 742.00K | ||
| PrepaidAssets | 3.19M | 3.16M | 1.94M | |
| Receivables | 2.55M | 2.43M | 5.03M | 6.24M |
| AccountsReceivable | 2.55M | 2.43M | 5.03M | 6.24M |
| CashCashEquivalentsAndShortTermInvestments | 443.51M | 192.09M | 99.93M | 142.81M |
| OtherShortTermInvestments | 398.66M | 124.42M | 78.54M | 84.92M |
| CashAndCashEquivalents | 44.85M | 67.67M | 21.39M | 57.89M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -77.22M | -61.73M | -59.64M | -85.43M |
| RepaymentOfDebt | 0.00 | -23.33M | -8.33M | -1.29M |
| IssuanceOfDebt | 0.00 | 5.00M | ||
| IssuanceOfCapitalStock | 381.72M | 206.34M | 20.54M | 0.00 |
| CapitalExpenditure | -18.68M | -11.10M | -9.06M | -22.74M |
| InterestPaidSupplementalData | 0.00 | 2.35M | 4.34M | 3.82M |
| EndCashPosition | 44.85M | 67.67M | 21.39M | 57.89M |
| BeginningCashPosition | 67.67M | 21.39M | 57.89M | 12.05M |
| EffectOfExchangeRateChanges | -38.00K | -188.00K | 80.00K | 101.00K |
| ChangesInCash | -22.79M | 46.47M | -36.58M | 45.74M |
| FinancingCashFlow | 439.09M | 175.46M | 13.23M | 215.45M |
| CashFlowFromContinuingFinancingActivities | 439.09M | 175.46M | 13.23M | 215.45M |
| NetOtherFinancingCharges | 5.38M | -8.11M | -107.00K | 205.68M |
| ProceedsFromStockOptionExercised | 51.98M | 554.00K | 1.13M | 6.07M |
| NetCommonStockIssuance | 381.72M | 206.34M | 20.54M | 0.00 |
| CommonStockIssuance | 381.72M | 206.34M | 20.54M | 0.00 |
| NetIssuancePaymentsOfDebt | 0.00 | -23.33M | -8.33M | 3.71M |
| NetLongTermDebtIssuance | 0.00 | -23.33M | -8.33M | 3.71M |
| LongTermDebtPayments | 0.00 | -23.33M | -8.33M | -1.29M |
| LongTermDebtIssuance | 0.00 | 5.00M | ||
| InvestingCashFlow | -403.33M | -78.36M | 773.00K | -107.02M |
| CashFlowFromContinuingInvestingActivities | -403.33M | -78.36M | 773.00K | -107.02M |
| NetInvestmentPurchaseAndSale | -384.65M | -67.26M | 9.83M | -84.29M |
| SaleOfInvestment | 251.00M | 157.50M | 119.08M | 0.00 |
| PurchaseOfInvestment | -635.65M | -224.76M | -109.25M | -84.29M |
| NetPPEPurchaseAndSale | -18.68M | -11.10M | -9.06M | -22.74M |
| PurchaseOfPPE | -18.68M | -11.10M | -9.06M | -22.74M |
| OperatingCashFlow | -58.54M | -50.63M | -50.58M | -62.69M |
| CashFlowFromContinuingOperatingActivities | -58.54M | -50.63M | -50.58M | -62.69M |
| ChangeInWorkingCapital | -7.88M | -3.08M | -495.00K | -2.33M |
| ChangeInOtherWorkingCapital | 734.00K | 468.00K | -618.00K | -24.00K |
| ChangeInOtherCurrentLiabilities | 0.00 | -295.00K | ||
| ChangeInOtherCurrentAssets | 34.00K | |||
| ChangeInPayablesAndAccruedExpense | -4.16M | -2.68M | -1.72M | 4.46M |
| ChangeInAccruedExpense | -4.16M | -2.68M | -1.72M | 4.46M |
| ChangeInPrepaidAssets | -4.44M | -2.43M | -259.00K | -1.06M |
| ChangeInReceivables | -13.00K | 1.57M | 2.10M | -5.40M |
| ChangesInAccountReceivables | -13.00K | 1.57M | 2.10M | -5.40M |
| OtherNonCashItems | -936.00K | 46.49M | 4.08M | -17.20M |
| StockBasedCompensation | 17.61M | 13.07M | 12.41M | 44.81M |
| AssetImpairmentCharge | 0.00 | 836.00K | 5.38M | |
| AmortizationOfSecurities | -9.92M | -3.62M | -3.12M | -949.00K |
| DepreciationAmortizationDepletion | 8.17M | 6.91M | 7.43M | 7.02M |
| DepreciationAndAmortization | 8.17M | 6.91M | 7.43M | 7.02M |
| OperatingGainsLosses | 150.63M | 90.59M | 3.39M | -27.90M |
| GainLossOnInvestmentSecurities | 150.63M | 90.17M | 3.39M | -27.90M |
| NetIncomeFromContinuingOperations | -216.21M | -200.99M | -75.11M | -71.52M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for RGTI
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|