Symbols / RGTI
RGTI Chart
About
Rigetti Computing, Inc., through its subsidiaries, builds 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 through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCaaS. In addition, the company offers quantum cloud services 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 professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
Fundamentals
Scroll to Statements| Sector | Technology | Industry | Computer Hardware | Market Cap | 5.44B |
| Enterprise Value | 5.00B | Income | -350.96M | Sales | 7.49M |
| Book/sh | 1.14 | Cash/sh | 1.35 | Dividend Yield | — |
| Payout | 0.00% | Employees | 137 | IPO | — |
| P/E | — | Forward P/E | -109.87 | PEG | — |
| P/S | 725.76 | P/B | 14.42 | P/C | — |
| EV/EBITDA | -68.48 | EV/Sales | 667.13 | Quick Ratio | 38.62 |
| Current Ratio | 39.22 | Debt/Eq | 2.04 | LT Debt/Eq | — |
| EPS (ttm) | -1.46 | EPS next Y | -0.15 | EPS Growth | — |
| Revenue Growth | -18.10% | Earnings | 2026-03-04 | ROA | -12.79% |
| ROE | -141.90% | ROIC | — | Gross Margin | 32.23% |
| Oper. Margin | -10.55% | Profit Margin | 0.00% | Shs Outstand | 330.03M |
| Shs Float | 324.90M | Short Float | 13.84% | Short Ratio | 1.40 |
| Short Interest | — | 52W High | 58.15 | 52W Low | 6.86 |
| Beta | 1.70 | Avg Volume | 33.36M | Volume | 22.30M |
| Target Price | $38.85 | Recom | Buy | Prev Close | $16.02 |
| Price | $16.48 | Change | 2.87% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$38.85
Mean price target
2. Current target
$16.48
Latest analyst target
3. DCF / Fair value
$-2.16
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$16.48
Low
$24.36
High
$51.00
Mean
$38.85
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2025-05-15 | reit | Benchmark | Buy → Buy | $14 |
| 2025-05-14 | main | Needham | Buy → Buy | $15 |
| 2025-03-06 | reit | Benchmark | Buy → Buy | $14 |
| 2025-03-06 | reit | Needham | Buy → Buy | $17 |
- Forget Rigetti Computing: This Dividend‑Paying Powerhouse Has a Much Stronger Upside - The Globe and Mail Wed, 25 Feb 2026 09
- Rigetti Quantum Order Shifts Focus Toward Commercial Use And Valuation Potential - simplywall.st Wed, 25 Feb 2026 11
- RGTI or QBTS: Top Analyst Selects the Top Quantum Computing Stock to Buy - Yahoo Finance Sat, 21 Feb 2026 13
- Where Will Rigetti Computing Be by 2030? - Nasdaq Wed, 25 Feb 2026 01
- Why Rigetti Stock Fell 18% in January To Start 2026 - The Motley Fool ue, 03 Feb 2026 08
- $RGTI stock is down 3% today. Here's what we see in our data. - Quiver Quantitative Fri, 20 Feb 2026 14
- Rigetti Computing (NASDAQ:RGTI) Trading Up 2.9% - Should You Buy? - MarketBeat ue, 24 Feb 2026 22
- Quantum Outlook for March 2026: 3 Stocks With Over 100% Price Target - Zacks Investment Research Mon, 23 Feb 2026 18
- RGTI Stock To $50? - Forbes Fri, 23 Jan 2026 08
- Rigetti's Quantum Computing Faces Survival Challenges - Intellectia AI Wed, 25 Feb 2026 07
- Where Will Rigetti Computing Be by 2030? - The Motley Fool Wed, 25 Feb 2026 01
- Rigetti Computing, Inc. (RGTI) Stock Slides as Market Rises: Facts to Know Before You Trade - Yahoo Finance ue, 17 Feb 2026 23
- Rigetti Computing (NASDAQ:RGTI) Stock Price Down 4.1% - What's Next? - MarketBeat Sat, 21 Feb 2026 00
- Institutional Investors and Hedge Funds Sent an Unmistakable Message to Quantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum - The Globe and Mail Wed, 25 Feb 2026 10
- Rigetti Computing, Inc. (RGTI) Stock Declines While Market Improves: Some Information for Investors - Yahoo Finance Mon, 02 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 59316 | 1329378 | — | Sale at price 22.41 per share. | FITZGERALD ALISSA | Director | — | 2026-01-02 00:00:00 | D |
| 1 | 150000 | 4100805 | — | Sale at price 27.34 per share. | CLIFTON MICHAEL S. | Director | — | 2025-12-09 00:00:00 | D |
| 2 | 3702 | 97551 | — | Sale at price 26.35 per share. | BERTELSEN JEFFREY A | Chief Financial Officer | — | 2025-11-20 00:00:00 | D |
| 3 | 41935 | 1104555 | — | Sale at price 26.34 per share. | RIVAS DAVID | Chief Technology Officer | — | 2025-11-20 00:00:00 | D |
| 4 | 62000 | 2782889 | — | Sale at price 44.89 per share. | SANDFORD HELENE GAIL | Director | — | 2025-10-17 00:00:00 | D |
| 5 | 17635 | 436440 | — | Sale at price 24.75 - 26.98 per share. | SANDFORD HELENE GAIL | Director | — | 2025-09-19 00:00:00 | D |
| 6 | 100000 | 1950020 | — | Sale at price 19.50 per share. | IANNOTTI THOMAS J | Director | — | 2025-09-12 00:00:00 | D |
| 7 | 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 |
| 8 | 126295 | 2525900 | — | Sale at price 20.00 per share. | JOHNSON RAY O | Director | — | 2025-09-12 00:00:00 | D |
| 9 | 75000 | 1425150 | — | Sale at price 17.00 - 20.00 per share. | CLIFTON MICHAEL S. | Director | — | 2025-09-12 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.00 | 0.00 | 0.00 |
| NormalizedEBITDA | -56.49M | -58.80M | -94.25M |
| TotalUnusualItems | -134.34M | -3.10M | 35.03M |
| TotalUnusualItemsExcludingGoodwill | -134.34M | -3.10M | 35.03M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -200.99M | -75.11M | -71.52M |
| ReconciledDepreciation | 6.91M | 7.43M | 7.02M |
| ReconciledCostOfRevenue | 5.09M | 2.80M | 2.87M |
| EBITDA | -190.83M | -61.90M | -59.22M |
| EBIT | -197.73M | -69.33M | -66.23M |
| NetInterestIncome | 1.86M | -703.00K | -2.85M |
| InterestExpense | 3.25M | 5.78M | 5.29M |
| InterestIncome | 5.11M | 5.08M | 2.43M |
| NormalizedIncome | -66.65M | -72.01M | -106.56M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -200.99M | -75.11M | -71.52M |
| TotalExpenses | 79.30M | 83.31M | 116.81M |
| TotalOperatingIncomeAsReported | -68.51M | -72.30M | -109.08M |
| DilutedAverageShares | 184.67M | 131.98M | 102.30M |
| BasicAverageShares | 184.67M | 131.98M | 102.30M |
| DilutedEPS | -1.09 | -0.57 | -0.70 |
| BasicEPS | -1.09 | -0.57 | -0.70 |
| DilutedNIAvailtoComStockholders | -200.99M | -75.11M | -71.52M |
| NetIncomeCommonStockholders | -200.99M | -75.11M | -71.52M |
| NetIncome | -200.99M | -75.11M | -71.52M |
| NetIncomeIncludingNoncontrollingInterests | -200.99M | -75.11M | -71.52M |
| NetIncomeContinuousOperations | -200.99M | -75.11M | -71.52M |
| TaxProvision | 0.00 | 0.00 | 0.00 |
| PretaxIncome | -200.99M | -75.11M | -71.52M |
| OtherIncomeExpense | -134.34M | -3.10M | 35.03M |
| SpecialIncomeCharges | -44.17M | -1.94M | 12.90M |
| OtherSpecialCharges | 426.00K | ||
| ImpairmentOfCapitalAssets | 0.00 | 5.38M | |
| RestructuringAndMergernAcquisition | 43.74M | 1.94M | -18.28M |
| GainOnSaleOfSecurity | -90.17M | -1.16M | 22.13M |
| NetNonOperatingInterestIncomeExpense | 1.86M | -703.00K | -2.85M |
| InterestExpenseNonOperating | 3.25M | 5.78M | 5.29M |
| InterestIncomeNonOperating | 5.11M | 5.08M | 2.43M |
| OperatingIncome | -68.51M | -71.30M | -103.70M |
| OperatingExpense | 74.21M | 80.51M | 113.93M |
| ResearchAndDevelopment | 49.75M | 52.77M | 59.95M |
| SellingGeneralAndAdministration | 24.46M | 27.74M | 53.98M |
| SellingAndMarketingExpense | 6.35M | ||
| GeneralAndAdministrativeExpense | 47.63M | ||
| OtherGandA | 47.63M | ||
| GrossProfit | 5.70M | 9.21M | 10.23M |
| CostOfRevenue | 5.09M | 2.80M | 2.87M |
| TotalRevenue | 10.79M | 12.01M | 13.10M |
| OperatingRevenue | 10.79M | 12.01M | 13.10M |
| Line Item | 2023-12-31 | ||
|---|---|---|---|
| TreasurySharesNumber | 0.00 | ||
| OrdinarySharesNumber | 283.55M | 147.07M | 125.26M |
| ShareIssued | 283.55M | 147.07M | 125.26M |
| NetDebt | 666.00K | ||
| TotalDebt | 8.80M | 30.57M | 39.14M |
| TangibleBookValue | 126.59M | 109.59M | 150.22M |
| InvestedCapital | 126.59M | 131.65M | 179.16M |
| WorkingCapital | 194.89M | 78.61M | 132.72M |
| NetTangibleAssets | 126.59M | 109.59M | 150.22M |
| CapitalLeaseObligations | 8.80M | 8.51M | 10.20M |
| CommonStockEquity | 126.59M | 109.59M | 150.22M |
| TotalCapitalization | 126.59M | 119.48M | 170.86M |
| TotalEquityGrossMinorityInterest | 126.59M | 109.59M | 150.22M |
| StockholdersEquity | 126.59M | 109.59M | 150.22M |
| GainsLossesNotAffectingRetainedEarnings | 105.00K | 244.00K | -161.00K |
| OtherEquityAdjustments | 105.00K | 244.00K | -161.00K |
| RetainedEarnings | -554.75M | -353.76M | -278.65M |
| AdditionalPaidInCapital | 681.20M | 463.09M | 429.02M |
| CapitalStock | 29.00K | 14.00K | 12.00K |
| CommonStock | 29.00K | 14.00K | 12.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 158.20M | 50.33M | 53.22M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 146.33M | 21.27M | 31.47M |
| OtherNonCurrentLiabilities | 45.90M | 2.15M | 1.21M |
| PreferredSecuritiesOutsideStockEquity | 0.00 | ||
| DerivativeProductLiabilities | 93.09M | 2.93M | 1.77M |
| NonCurrentDeferredLiabilities | 698.00K | 0.00 | |
| NonCurrentDeferredRevenue | 698.00K | 0.00 | |
| LongTermDebtAndCapitalLeaseObligation | 6.64M | 16.19M | 28.49M |
| LongTermCapitalLeaseObligation | 6.64M | 6.30M | 7.86M |
| LongTermDebt | 9.89M | 20.64M | |
| CurrentLiabilities | 11.87M | 29.05M | 21.75M |
| OtherCurrentLiabilities | 623.00K | 1.30M | 1.28M |
| CurrentDeferredLiabilities | 113.00K | 343.00K | 961.00K |
| CurrentDeferredRevenue | 113.00K | 343.00K | 961.00K |
| CurrentDebtAndCapitalLeaseObligation | 2.16M | 14.37M | 10.65M |
| CurrentCapitalLeaseObligation | 2.16M | 2.21M | 2.35M |
| CurrentDebt | 12.16M | 8.30M | |
| OtherCurrentBorrowings | 12.16M | 8.30M | |
| PayablesAndAccruedExpenses | 8.97M | 13.03M | 8.86M |
| CurrentAccruedExpenses | 6.99M | 5.22M | 5.76M |
| InterestPayable | 0.00 | 297.00K | 314.00K |
| Payables | 1.98M | 7.81M | 3.10M |
| TotalTaxPayable | 391.00K | 2.04M | 1.16M |
| AccountsPayable | 1.59M | 5.77M | 1.94M |
| TotalAssets | 284.79M | 159.91M | 203.44M |
| TotalNonCurrentAssets | 78.03M | 52.25M | 48.98M |
| OtherNonCurrentAssets | 325.00K | 129.00K | 129.00K |
| InvestmentsAndAdvances | 25.07M | 0.00 | |
| InvestmentinFinancialAssets | 25.07M | 0.00 | |
| AvailableForSaleSecurities | 25.07M | ||
| GoodwillAndOtherIntangibleAssets | 0.00 | ||
| Goodwill | 0.00 | ||
| NetPPE | 52.64M | 52.12M | 48.85M |
| AccumulatedDepreciation | -40.31M | -33.30M | -25.86M |
| GrossPPE | 92.94M | 85.42M | 74.71M |
| Leases | 8.87M | 8.37M | 7.56M |
| ConstructionInProgress | 1.34M | 0.00 | |
| OtherProperties | 78.08M | 72.56M | 62.86M |
| MachineryFurnitureEquipment | 4.66M | 4.49M | 4.28M |
| Properties | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 206.76M | 107.67M | 154.47M |
| OtherCurrentAssets | 9.08M | 771.00K | 2.45M |
| HedgingAssetsCurrent | 0.00 | 2.23M | |
| CurrentDeferredAssets | 0.00 | 742.00K | |
| PrepaidAssets | 3.16M | 1.94M | |
| Receivables | 2.43M | 5.03M | 6.24M |
| AccountsReceivable | 2.43M | 5.03M | 6.24M |
| CashCashEquivalentsAndShortTermInvestments | 192.09M | 99.93M | 142.81M |
| OtherShortTermInvestments | 124.42M | 78.54M | 84.92M |
| CashAndCashEquivalents | 67.67M | 21.39M | 57.89M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|
| FreeCashFlow | -61.73M | -59.64M | -85.43M |
| RepaymentOfDebt | -23.33M | -8.33M | -1.29M |
| IssuanceOfDebt | 0.00 | 5.00M | |
| IssuanceOfCapitalStock | 206.34M | 20.54M | 0.00 |
| CapitalExpenditure | -11.10M | -9.06M | -22.74M |
| InterestPaidSupplementalData | 2.35M | 4.34M | 3.82M |
| EndCashPosition | 67.67M | 21.39M | 57.89M |
| BeginningCashPosition | 21.39M | 57.89M | 12.05M |
| EffectOfExchangeRateChanges | -188.00K | 80.00K | 101.00K |
| ChangesInCash | 46.47M | -36.58M | 45.74M |
| FinancingCashFlow | 175.46M | 13.23M | 215.45M |
| CashFlowFromContinuingFinancingActivities | 175.46M | 13.23M | 215.45M |
| NetOtherFinancingCharges | -8.11M | -107.00K | 205.68M |
| ProceedsFromStockOptionExercised | 554.00K | 1.13M | 6.07M |
| NetCommonStockIssuance | 206.34M | 20.54M | 0.00 |
| CommonStockIssuance | 206.34M | 20.54M | 0.00 |
| NetIssuancePaymentsOfDebt | -23.33M | -8.33M | 3.71M |
| NetLongTermDebtIssuance | -23.33M | -8.33M | 3.71M |
| LongTermDebtPayments | -23.33M | -8.33M | -1.29M |
| LongTermDebtIssuance | 0.00 | 5.00M | |
| InvestingCashFlow | -78.36M | 773.00K | -107.02M |
| CashFlowFromContinuingInvestingActivities | -78.36M | 773.00K | -107.02M |
| NetInvestmentPurchaseAndSale | -67.26M | 9.83M | -84.29M |
| SaleOfInvestment | 157.50M | 119.08M | 0.00 |
| PurchaseOfInvestment | -224.76M | -109.25M | -84.29M |
| NetPPEPurchaseAndSale | -11.10M | -9.06M | -22.74M |
| PurchaseOfPPE | -11.10M | -9.06M | -22.74M |
| OperatingCashFlow | -50.63M | -50.58M | -62.69M |
| CashFlowFromContinuingOperatingActivities | -50.63M | -50.58M | -62.69M |
| ChangeInWorkingCapital | -3.08M | -495.00K | -2.33M |
| ChangeInOtherWorkingCapital | 468.00K | -618.00K | -24.00K |
| ChangeInOtherCurrentLiabilities | 0.00 | -295.00K | |
| ChangeInOtherCurrentAssets | 34.00K | ||
| ChangeInPayablesAndAccruedExpense | -2.68M | -1.72M | 4.46M |
| ChangeInAccruedExpense | -2.68M | -1.72M | 4.46M |
| ChangeInPrepaidAssets | -2.43M | -259.00K | -1.06M |
| ChangeInReceivables | 1.57M | 2.10M | -5.40M |
| ChangesInAccountReceivables | 1.57M | 2.10M | -5.40M |
| OtherNonCashItems | 46.49M | 4.08M | -17.20M |
| StockBasedCompensation | 13.07M | 12.41M | 44.81M |
| AssetImpairmentCharge | 0.00 | 836.00K | 5.38M |
| AmortizationOfSecurities | -3.62M | -3.12M | -949.00K |
| DepreciationAmortizationDepletion | 6.91M | 7.43M | 7.02M |
| DepreciationAndAmortization | 6.91M | 7.43M | 7.02M |
| OperatingGainsLosses | 90.59M | 3.39M | -27.90M |
| GainLossOnInvestmentSecurities | 90.17M | 3.39M | -27.90M |
| NetIncomeFromContinuingOperations | -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 | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|