RGTIW 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 — Industry — Market Cap —
Enterprise Value — Income -216.21M Sales 7.09M
Book/sh 1.65 Cash/sh 1.33 Dividend Yield —
Payout — Employees 162 IPO —
P/E — Forward P/E — PEG —
P/S — P/B 4.68 P/C —
EV/EBITDA — EV/Sales — Quick Ratio 36.96
Current Ratio 37.42 Debt/Eq 1.31 LT Debt/Eq —
EPS (ttm) -1.90 EPS next Y — EPS Growth —
Revenue Growth -17.90% Earnings — ROA -11.12%
ROE -64.27% ROIC — Gross Margin 29.12%
Oper. Margin -12.10% Profit Margin 0.00% Shs Outstand —
Shs Float 327.03M Short Float — Short Ratio —
Short Interest — 52W High 8.10 52W Low 7.45
Beta 1.72 Avg Volume — Volume 44.78K
Target Price — Recom None Prev Close $7.65
Price $7.71 Change 0.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
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Mean price target
2. Current target
$7.71
Latest analyst target
3. DCF / Fair value
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Simplified FCF or EPS-based estimate
Ratings
Current target
$7.71
Low
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High
—
Mean
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Insider Transactions

No recent insider transactions.

Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.000.000.000.00
NormalizedEBITDA-59.93M-56.49M-58.80M-94.25M
TotalUnusualItems-148.11M-134.34M-3.10M35.03M
TotalUnusualItemsExcludingGoodwill-148.11M-134.34M-3.10M35.03M
NetIncomeFromContinuingOperationNetMinorityInterest-216.21M-200.99M-75.11M-71.52M
ReconciledDepreciation8.17M6.91M7.43M7.02M
ReconciledCostOfRevenue5.02M5.09M2.80M2.87M
EBITDA-208.04M-190.83M-61.90M-59.22M
EBIT-216.21M-197.73M-69.33M-66.23M
NetInterestIncome16.56M1.86M-703.00K-2.85M
InterestExpense0.003.25M5.78M5.29M
InterestIncome16.56M5.11M5.08M2.43M
NormalizedIncome-68.10M-66.65M-72.01M-106.56M
NetIncomeFromContinuingAndDiscontinuedOperation-216.21M-200.99M-75.11M-71.52M
TotalExpenses91.75M79.30M83.31M116.81M
TotalOperatingIncomeAsReported-84.66M-68.51M-72.30M-109.08M
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
TaxProvision0.000.000.000.00
PretaxIncome-216.21M-200.99M-75.11M-71.52M
OtherIncomeExpense-148.11M-134.34M-3.10M35.03M
SpecialIncomeCharges2.52M-44.17M-1.94M12.90M
OtherSpecialCharges426.00K
ImpairmentOfCapitalAssets0.005.38M
RestructuringAndMergernAcquisition-2.52M43.74M1.94M-18.28M
GainOnSaleOfSecurity-150.63M-90.17M-1.16M22.13M
NetNonOperatingInterestIncomeExpense16.56M1.86M-703.00K-2.85M
InterestExpenseNonOperating0.003.25M5.78M5.29M
InterestIncomeNonOperating16.56M5.11M5.08M2.43M
OperatingIncome-84.66M-68.51M-71.30M-103.70M
OperatingExpense86.72M74.21M80.51M113.93M
ResearchAndDevelopment61.34M49.75M52.77M59.95M
SellingGeneralAndAdministration25.38M24.46M27.74M53.98M
SellingAndMarketingExpense6.35M
GeneralAndAdministrativeExpense47.63M
OtherGandA47.63M
GrossProfit2.06M5.70M9.21M10.23M
CostOfRevenue5.02M5.09M2.80M2.87M
TotalRevenue7.09M10.79M12.01M13.10M
OperatingRevenue7.09M10.79M12.01M13.10M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber331.28M283.55M147.07M125.26M
ShareIssued331.28M283.55M147.07M125.26M
NetDebt666.00K
TotalDebt7.17M8.80M30.57M39.14M
TangibleBookValue546.20M126.59M109.59M150.22M
InvestedCapital546.20M126.59M131.65M179.16M
WorkingCapital442.61M194.89M78.61M132.72M
NetTangibleAssets546.20M126.59M109.59M150.22M
CapitalLeaseObligations7.17M8.80M8.51M10.20M
CommonStockEquity546.20M126.59M109.59M150.22M
TotalCapitalization546.20M126.59M119.48M170.86M
TotalEquityGrossMinorityInterest546.20M126.59M109.59M150.22M
StockholdersEquity546.20M126.59M109.59M150.22M
GainsLossesNotAffectingRetainedEarnings997.00K105.00K244.00K-161.00K
OtherEquityAdjustments997.00K105.00K244.00K-161.00K
RetainedEarnings-770.96M-554.75M-353.76M-278.65M
AdditionalPaidInCapital1.32B681.20M463.09M429.02M
CapitalStock33.00K29.00K14.00K12.00K
CommonStock33.00K29.00K14.00K12.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest120.38M158.20M50.33M53.22M
TotalNonCurrentLiabilitiesNetMinorityInterest108.22M146.33M21.27M31.47M
OtherNonCurrentLiabilities45.90M2.15M1.21M
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities102.59M93.09M2.93M1.77M
NonCurrentDeferredLiabilities698.00K698.00K0.00
NonCurrentDeferredRevenue698.00K698.00K0.00
LongTermDebtAndCapitalLeaseObligation4.93M6.64M16.19M28.49M
LongTermCapitalLeaseObligation4.93M6.64M6.30M7.86M
LongTermDebt9.89M20.64M
CurrentLiabilities12.15M11.87M29.05M21.75M
OtherCurrentLiabilities550.00K623.00K1.30M1.28M
CurrentDeferredLiabilities847.00K113.00K343.00K961.00K
CurrentDeferredRevenue847.00K113.00K343.00K961.00K
CurrentDebtAndCapitalLeaseObligation2.23M2.16M14.37M10.65M
CurrentCapitalLeaseObligation2.23M2.16M2.21M2.35M
CurrentDebt12.16M8.30M
OtherCurrentBorrowings12.16M8.30M
PayablesAndAccruedExpenses8.52M8.97M13.03M8.86M
CurrentAccruedExpenses4.78M6.99M5.22M5.76M
InterestPayable0.00297.00K314.00K
Payables3.74M1.98M7.81M3.10M
TotalTaxPayable256.00K391.00K2.04M1.16M
AccountsPayable3.49M1.59M5.77M1.94M
TotalAssets666.57M284.79M159.91M203.44M
TotalNonCurrentAssets211.81M78.03M52.25M48.98M
OtherNonCurrentAssets2.03M325.00K129.00K129.00K
InvestmentsAndAdvances146.32M25.07M0.00
InvestmentinFinancialAssets146.32M25.07M0.00
AvailableForSaleSecurities146.32M25.07M
GoodwillAndOtherIntangibleAssets0.00
Goodwill0.00
NetPPE63.46M52.64M52.12M48.85M
AccumulatedDepreciation-48.41M-40.31M-33.30M-25.86M
GrossPPE111.87M92.94M85.42M74.71M
Leases10.05M8.87M8.37M7.56M
ConstructionInProgress2.58M1.34M0.00
OtherProperties93.78M78.08M72.56M62.86M
MachineryFurnitureEquipment5.47M4.66M4.49M4.28M
Properties0.000.000.000.00
CurrentAssets454.76M206.76M107.67M154.47M
OtherCurrentAssets5.51M9.08M771.00K2.45M
HedgingAssetsCurrent0.002.23M
CurrentDeferredAssets0.00742.00K
PrepaidAssets3.19M3.16M1.94M
Receivables2.55M2.43M5.03M6.24M
AccountsReceivable2.55M2.43M5.03M6.24M
CashCashEquivalentsAndShortTermInvestments443.51M192.09M99.93M142.81M
OtherShortTermInvestments398.66M124.42M78.54M84.92M
CashAndCashEquivalents44.85M67.67M21.39M57.89M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-77.22M-61.73M-59.64M-85.43M
RepaymentOfDebt0.00-23.33M-8.33M-1.29M
IssuanceOfDebt0.005.00M
IssuanceOfCapitalStock381.72M206.34M20.54M0.00
CapitalExpenditure-18.68M-11.10M-9.06M-22.74M
InterestPaidSupplementalData0.002.35M4.34M3.82M
EndCashPosition44.85M67.67M21.39M57.89M
BeginningCashPosition67.67M21.39M57.89M12.05M
EffectOfExchangeRateChanges-38.00K-188.00K80.00K101.00K
ChangesInCash-22.79M46.47M-36.58M45.74M
FinancingCashFlow439.09M175.46M13.23M215.45M
CashFlowFromContinuingFinancingActivities439.09M175.46M13.23M215.45M
NetOtherFinancingCharges5.38M-8.11M-107.00K205.68M
ProceedsFromStockOptionExercised51.98M554.00K1.13M6.07M
NetCommonStockIssuance381.72M206.34M20.54M0.00
CommonStockIssuance381.72M206.34M20.54M0.00
NetIssuancePaymentsOfDebt0.00-23.33M-8.33M3.71M
NetLongTermDebtIssuance0.00-23.33M-8.33M3.71M
LongTermDebtPayments0.00-23.33M-8.33M-1.29M
LongTermDebtIssuance0.005.00M
InvestingCashFlow-403.33M-78.36M773.00K-107.02M
CashFlowFromContinuingInvestingActivities-403.33M-78.36M773.00K-107.02M
NetInvestmentPurchaseAndSale-384.65M-67.26M9.83M-84.29M
SaleOfInvestment251.00M157.50M119.08M0.00
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
ChangeInOtherWorkingCapital734.00K468.00K-618.00K-24.00K
ChangeInOtherCurrentLiabilities0.00-295.00K
ChangeInOtherCurrentAssets34.00K
ChangeInPayablesAndAccruedExpense-4.16M-2.68M-1.72M4.46M
ChangeInAccruedExpense-4.16M-2.68M-1.72M4.46M
ChangeInPrepaidAssets-4.44M-2.43M-259.00K-1.06M
ChangeInReceivables-13.00K1.57M2.10M-5.40M
ChangesInAccountReceivables-13.00K1.57M2.10M-5.40M
OtherNonCashItems-936.00K46.49M4.08M-17.20M
StockBasedCompensation17.61M13.07M12.41M44.81M
AssetImpairmentCharge0.00836.00K5.38M
AmortizationOfSecurities-9.92M-3.62M-3.12M-949.00K
DepreciationAmortizationDepletion8.17M6.91M7.43M7.02M
DepreciationAndAmortization8.17M6.91M7.43M7.02M
OperatingGainsLosses150.63M90.59M3.39M-27.90M
GainLossOnInvestmentSecurities150.63M90.17M3.39M-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.

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