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RGTIRigetti Computing, Inc.
$21.36$7.1B
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RGTI logoRigetti Computing, Inc.(RGTI)Earnings, Financials & Key Ratios

RGTI•NASDAQ
Price updated Jun 19, 2026
SectorTechnologyIndustryComputer HardwareSub-IndustryAdvanced Computing and Mining Hardware
AboutRigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.Show more
  • Revenue$7M-34.3%
  • EBITDA-$76M-24.2%
  • Net Income-$216M-7.6%
  • EPS (Diluted)-0.70+35.8%
  • Gross Margin-86.13%-263.1%
  • EBITDA Margin-1079.16%-89.0%
  • Operating Margin-1194.41%-88.1%
  • Net Margin-3050.37%-63.8%
  • ROE-64.27%+62.2%

RGTI Key Insights

Rigetti Computing, Inc. (RGTI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Profits declining 65.9% over 5 years
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 67.7% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 12.1x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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RGTI Price & Volume

Rigetti Computing, Inc. (RGTI) stock price & volume — 10-year historical chart

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RGTI Growth Metrics

Rigetti Computing, Inc. (RGTI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years5.04%
3 Years-18.52%
TTM8.75%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-64.05%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-8.18%

Return on Capital

10 Years-76.09%
5 Years-55.47%
3 Years-32.82%
Last Year-18.26%

RGTI Recent Earnings

Rigetti Computing, Inc. (RGTI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 11, 2026
Metric
Actual
Est
EPS
$0.04+2.0%
$0.04
Rev
$4M+7.7%
$4M
Q2 2026
Mar 4, 2026
Metric
Actual
Est
EPS
$0.03+40.0%
$0.05
Rev
$2M-19.8%
$2M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.03+28.0%
$0.04
Rev
$2M-10.2%
$2M
Q3 2025
Aug 12, 2025
Metric
Actual
Est
EPS
$0.05+16.7%
$0.06
Rev
$2M-25.8%
$2M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 11, 2026
$0.04vs $0.04+2.0%
$4Mvs $4M+7.7%
Q2 2026Mar 4, 2026
$0.03vs $0.05+40.0%
$2Mvs $2M-19.8%
Q4 2025Nov 10, 2025
$0.03vs $0.04+28.0%
$2Mvs $2M-10.2%
Q3 2025Aug 12, 2025
$0.05vs $0.06+16.7%
$2Mvs $2M-25.8%
Based on last 12 quarters of dataView full earnings history →

RGTI Peer Comparison

Rigetti Computing, Inc. (RGTI) competitors in Advanced Computing and Mining Hardware — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
IONQ logoIONQIonQ, Inc.Direct Competitor20.73B56.55-31.07201.85%148.08%9.03%0.01
QBTS logoQBTSD-Wave Quantum Inc.Direct Competitor9.07B24.69-22.24178.54%-29.57%-44.05%0.05
QUBT logoQUBTQuantum Computing, Inc.Direct Competitor1.47B10.76-97.8282.84%-9.16%-3.55%0.00
ARQQ logoARQQArqit Quantum Inc.Direct Competitor381.59M24.38-9.5280.89%-52.72%-360.48%0.03
IBM logoIBMInternational Business Machines CorporationProduct Competitor233.66B249.1022.307.62%15.61%35.44%2.05
GOOGL logoGOOGLAlphabet Inc.Product Competitor4.45T368.0334.0515.13%37.91%38.98%0.14
MSFT logoMSFTMicrosoft CorporationProduct Competitor2.82T379.4027.8214.93%39.34%33.13%0.33
AMZN logoAMZNAmazon.com, Inc.Product Competitor2.63T244.3934.0912.38%12.22%23.34%0.37

Compare RGTI vs Peers

Rigetti Computing, Inc. (RGTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IONQ

Most directly comparable listed peer for RGTI.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare RGTI against a more recognizable public peer.

Peer Set

Compare Top 5

vs IONQ, QBTS, QUBT, ARQQ

RGTI Income Statement

Rigetti Computing, Inc. (RGTI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricJan'20Jan'21Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
735.48K5.54M8.2M13.1M12.01M10.79M7.09M10.02M
Revenue Growth %
-653.6%47.87%59.86%-8.35%-10.14%-34.31%8.75%
Cost of Goods Sold
288.16K1.49M6.27M2.87M2.8M5.09M13.19M12M
COGS % of Revenue
39.18%26.91%76.55%21.93%23.32%47.2%186.13%-
Gross Profit
447.32K▲ 0%
4.05M▲ 805.6%
1.92M▼ 52.6%
10.23M▲ 432.2%
9.21M▼ 10.0%
5.7M▼ 38.1%
-6.11M▼ 207.2%
-1.99M▲ 0%
Gross Margin %
60.82%73.09%23.45%78.07%76.68%52.8%-86.13%-19.84%
Gross Profit Growth %
-805.61%-52.55%432.21%-9.98%-38.13%-207.16%-
Operating Expenses
48.15M39.14M36.05M119.31M81.5M74.21M78.56M86.99M
OpEx % of Revenue
6546.63%706.21%439.86%910.62%678.74%687.74%1108.28%-
Selling, General & Admin
18.7M15.04M15.03M53.98M27.74M24.46M17.21M8.29M
SG&A % of Revenue
2543.05%271.41%183.34%412%231.05%226.66%242.8%-
Research & Development
29.45M24.1M26.93M59.95M52.77M49.75M61.34M65.85M
R&D % of Revenue
4003.58%434.8%328.55%457.58%439.44%461.08%865.48%-
Other Operating Expenses
00-5.9M5.38M991K002M
Operating Income
-47.7M▲ 0%
-35.09M▲ 26.4%
-34.13M▲ 2.7%
-109.08M▼ 219.6%
-72.3M▲ 33.7%
-68.51M▲ 5.2%
-84.66M▼ 23.6%
-88.98M▲ 0%
Operating Margin %
-6485.81%-633.13%-416.41%-832.54%-602.06%-634.94%-1194.41%-888.37%
Operating Income Growth %
-26.44%2.74%-219.61%33.72%5.24%-23.57%-
EBITDA
-43.76M-30.79M-29.48M-102.06M-64.87M-61.6M-76.49M-80.02M
EBITDA Margin %
-5949.85%-555.56%-359.66%-778.99%-540.21%-570.94%-1079.16%-798.96%
EBITDA Growth %
-29.63%4.27%-246.23%36.44%5.03%-24.17%-20.14%
D&A (Non-Cash Add-back)
3.94M4.3M4.65M7.02M7.43M6.91M8.17M8.96M
EBIT
-47.7M-35.09M-35.78M-66.23M-69.33M-197.73M-84.66M-269.4M
Net Interest Income
-670.85K0-2.46M-2.85M-703K1.86M16.56M19.77M
Interest Income
670.85K010K2.43M5.08M5.11M16.56M19.77M
Interest Expense
002.46M5.29M5.78M3.25M00
Other Income/Expense
-6.11M8.96M-4.11M37.56M-2.81M-132.48M-131.55M-136.74M
Pretax Income
-53.82M▲ 0%
-26.13M▲ 51.5%
-38.24M▼ 46.4%
-71.52M▼ 87.0%
-75.11M▼ 5.0%
-200.99M▼ 167.6%
-216.21M▼ 7.6%
-225.72M▲ 0%
Pretax Margin %
-7317.15%-471.39%-466.58%-545.88%-625.47%-1862.72%-3050.37%-2253.59%
Income Tax
00000000
Effective Tax Rate %
0%0%0%0%0%0%0%0%
Net Income
-53.82M▲ 0%
-17.21M▲ 68.0%
-38.24M▼ 122.3%
-71.52M▼ 87.0%
-75.11M▼ 5.0%
-200.99M▼ 167.6%
-216.21M▼ 7.6%
-225.72M▲ 0%
Net Margin %
-7317.15%-310.42%-466.58%-545.88%-625.47%-1862.72%-3050.37%-2253.59%
Net Income Growth %
-68.03%-122.26%-87.03%-5.01%-167.6%-7.57%-64.05%
Net Income (Continuing)
-53.82M-26.13M-38.24M-71.52M-75.11M-200.99M-216.21M-225.72M
Discontinued Operations
00000000
Minority Interest
00000000
EPS (Diluted)
-0.48▲ 0%
-0.40▲ 16.7%
-2.10▼ 425.0%
-0.70▲ 66.7%
-0.57▲ 18.6%
-1.09▼ 91.2%
-0.70▲ 35.8%
-0.67▲ 0%
EPS Growth %
-16.67%-425%66.67%18.57%-91.23%35.78%-8.18%
EPS (Basic)
-0.48-0.40-2.10-0.70-0.57-1.09-0.70-
Diluted Shares Outstanding
113.81M43.13M18.22M102.3M131.98M184.67M309.76M335.44M
Basic Shares Outstanding
113.81M43.13M18.22M102.3M131.98M184.67M309.76M332.06M
Dividend Payout Ratio
--------

RGTI Balance Sheet

Rigetti Computing, Inc. (RGTI) balance sheet — assets, liabilities & shareholders' equity

MetricJan'20Jan'21Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
1.62M23.72M14.62M154.47M107.67M206.76M454.76M432.2M
Cash & Short-Term Investments
308.71K22.2M11.73M142.81M99.93M192.09M44.85M48.15M
Cash Only
308.71K22.2M11.73M57.89M21.39M67.67M44.85M48.15M
Short-Term Investments
00084.92M78.54M124.42M00
Accounts Receivable
188.97K479.37K1.54M6.24M5.03M2.43M2.55M4.38M
Days Sales Outstanding
93.7831.5768.72173.7152.8682.1131.3799.82
Inventory
0002.97M0000
Days Inventory Outstanding
---377.45----
Other Current Assets
001.12M02.71M9.08M407.36M379.68M
Total Non-Current Assets
25.86M25.96M31.8M48.98M52.25M78.03M211.81M218.48M
Property, Plant & Equipment
20.04M20.14M22.5M48.85M52.12M52.64M63.46M63.64M
Fixed Asset Turnover
0.04x0.28x0.36x0.27x0.23x0.20x0.11x0.16x
Goodwill
5.38M5.38M5.38M00000
Intangible Assets
00000000
Long-Term Investments
00317K0025.07M146.32M554.91M
Other Non-Current Assets
444.25K446.5K3.61M129K129K325K2.03M4.1M
Total Assets
27.49M▲ 0%
49.68M▲ 80.8%
46.43M▼ 6.5%
203.44M▲ 338.2%
159.91M▼ 21.4%
284.79M▲ 78.1%
666.57M▲ 134.1%
650.68M▲ 0%
Asset Turnover
0.03x0.11x0.18x0.06x0.08x0.04x0.01x0.02x
Asset Growth %
-80.76%-6.55%338.19%-21.4%78.09%134.06%868.66%
Total Current Liabilities
34.8M3.2M7.57M21.75M29.05M11.87M12.15M61.88M
Accounts Payable
3.1M1.11M1.97M1.94M5.77M1.59M3.49M4.07M
Days Payables Outstanding
3.93K271.11114.67246.21752.42113.9596.598.81
Short-Term Debt
26.89M0575K8.3M12.16M02.23M2.27M
Deferred Revenue (Current)
1.85M491.83K985K961K343K113K847K2.03M
Other Current Liabilities
1.88M03.07M7.42M3.34M623K5.58M54.47M
Current Ratio
0.05x7.40x1.93x7.10x3.71x17.42x37.42x6.98x
Quick Ratio
0.05x7.40x1.93x6.96x3.71x17.42x37.42x6.98x
Cash Conversion Cycle
---304.93---1.02
Total Non-Current Liabilities
121.1M81.9M28.87M31.47M21.27M146.33M108.22M5.21M
Long-Term Debt
0024.22M20.64M9.89M04.93M4.51M
Capital Lease Obligations
0007.86M6.3M6.64M016.12M
Deferred Tax Liabilities
00000000
Other Non-Current Liabilities
121.1M81.9M4.65M2.97M5.08M138.99M102.59M698K
Total Liabilities
155.9M85.11M36.43M53.22M50.33M158.2M120.38M67.09M
Total Debt
26.89M024.79M39.14M30.57M8.8M7.17M6.78M
Net Debt
26.58M-22.2M13.06M-18.75M9.17M-58.87M-37.68M-41.36M
Debt / Equity
--2.48x0.26x0.28x0.07x0.01x0.01x
Debt / EBITDA
--------0.08x
Net Debt / EBITDA
-------0.52x
Interest Coverage
---14.51x-12.53x-12.00x-60.75x--
Total Equity
-128.41M▲ 0%
-35.43M▲ 72.4%
9.99M▲ 128.2%
150.22M▲ 1403.0%
109.59M▼ 27.1%
126.59M▲ 15.5%
546.2M▲ 331.5%
583.6M▲ 0%
Equity Growth %
-72.41%128.21%1402.99%-27.05%15.51%331.47%1068.84%
Book Value per Share
-1.13-0.820.551.470.830.691.761.74
Total Shareholders' Equity
-128.41M-35.43M9.99M150.22M109.59M126.59M546.2M583.6M
Common Stock
8212K12K14K29K33K33K
Retained Earnings
-142.76M-168.89M-207.13M-278.65M-353.76M-554.75M-770.96M-737.85M
Treasury Stock
-14.36M0000000
Accumulated OCI
-15.31K56.83K52K-161K244K105K997K-706K
Minority Interest
00000000

RGTI Cash Flow Statement

Rigetti Computing, Inc. (RGTI) cash flow — operating, investing & free cash flow history

MetricJan'20Jan'21Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
-36.89M-30.07M-29.29M-62.69M-50.58M-50.63M-58.54M-61.11M
Operating CF Margin %
-5015.6%-542.48%-357.38%-478.47%-421.21%-469.2%-825.95%-
Operating CF Growth %
-18.49%2.58%-114.02%19.32%-0.09%-15.64%-102.41%
Net Income
-53.82M-26.13M-38.24M-71.52M-75.11M-200.99M-216.21M-225.72M
Depreciation & Amortization
3.94M4.3M4.65M7.02M7.43M6.91M8.17M8.95M
Stock-Based Compensation
2.78M2.59M044.81M12.41M13.07M17.61M13.43M
Deferred Taxes
00000000
Other Non-Cash Items
5.57M-8.91M4.14M-40.67M5.19M133.47M139.78M154.14M
Working Capital Changes
4.63M-1.92M158K-2.33M-495K-3.08M-7.88M-11.91M
Change in Receivables
2.23M-2.29M-1.06M-4.69M1.21M2.6M-124K-3.31M
Change in Inventory
00000000
Change in Payables
00-389K-707K895K-1.04M111K979K
Cash from Investing
-2.94M-4.4M-7.01M-107.02M773K-78.36M-403.33M-359.91M
Capital Expenditures
-3.09M-4.4M-7.01M-22.74M-9.06M-11.1M-18.68M-20.54M
CapEx % of Revenue
420.65%79.39%85.51%173.54%75.44%102.85%263.49%205.07%
Acquisitions
149.48K0000000
Investments
--------
Other Investing
00000000
Cash from Financing
18.74M56.29M25.83M215.45M13.23M175.46M439.09M432.23M
Debt Issued (Net)
17.11M2.2M27M3.71M-8.33M-23.33M00
Equity Issued (Net)
054.02M378K6.07M20.54M206.34M432.81M432.23M
Dividends Paid
00000000
Share Repurchases
00000000
Other Financing
1.63M66.36K-1.55M205.68M1.02M-7.55M6.27M0
Net Change in Cash
-21.11M▲ 0%
21.89M▲ 203.7%
11.73M▼ 46.4%
45.84M▲ 290.8%
-36.5M▼ 179.6%
46.28M▲ 226.8%
-22.82M▼ 149.3%
10.98M▲ 0%
Free Cash Flow
-39.98M▲ 0%
-34.47M▲ 13.8%
-36.3M▼ 5.3%
-85.43M▼ 135.3%
-59.64M▲ 30.2%
-61.73M▼ 3.5%
-77.22M▼ 25.1%
-81.65M▲ 0%
FCF Margin %
-5436.25%-621.87%-442.89%-652.01%-496.65%-572.06%-1089.43%-815.18%
FCF Growth %
-13.79%-5.31%-135.34%30.19%-3.5%-25.1%-37.71%
FCF per Share
-0.35-0.80-1.99-0.84-0.45-0.33-0.25-0.24
FCF Conversion (FCF/Net Income)
0.69x1.75x0.77x0.88x0.67x0.25x0.27x0.36x
Interest Paid
051.67K000000
Taxes Paid
00000000

RGTI Key Ratios

Rigetti Computing, Inc. (RGTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
--382.6%-89.28%-57.82%-170.2%-64.27%-43.94%
Return on Invested Capital (ROIC)
---105.88%-43.34%-55.11%-22.04%-13.99%
Gross Margin
73.09%23.45%78.07%76.68%52.8%-86.13%-19.84%
Net Margin
-310.42%-466.58%-545.88%-625.47%-1862.72%-3050.37%-2253.59%
Debt / Equity
-2.48x0.26x0.28x0.07x0.01x0.01x
Interest Coverage
--14.51x-12.53x-12.00x-60.75x--
FCF Conversion
1.75x0.77x0.88x0.67x0.25x0.27x0.36x
Revenue Growth
653.6%47.87%59.86%-8.35%-10.14%-34.31%8.75%
Related:RGTI Dividend History·RGTI Revenue History·RGTI Price History·RGTI P/E History·RGTI Financial Ratios·RGTI Institutional Holders

RGTI SEC Filings & Documents

Rigetti Computing, Inc. (RGTI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 21, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

Apr 21, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 4, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 11, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 12, 2025·SEC

RGTI Frequently Asked Questions

Rigetti Computing, Inc. (RGTI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Rigetti Computing, Inc. (RGTI) reported $10.0M in revenue for fiscal year 2025. This represents a 1262% increase from $0.7M in 2019.

Rigetti Computing, Inc. (RGTI) saw revenue decline by 34.3% over the past year.

Rigetti Computing, Inc. (RGTI) reported a net loss of $225.7M for fiscal year 2025.

Dividend & Returns

Rigetti Computing, Inc. (RGTI) has a return on equity (ROE) of -64.3%. Negative ROE indicates the company is unprofitable.

Rigetti Computing, Inc. (RGTI) had negative free cash flow of $81.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in RGTI back in 2019?

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