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Rigetti Computing, Inc.(RGTI)Earnings, Financials & Key Ratios
RGTI•NASDAQ
$20.07
$6.65B mkt cap·Price updated May 6, 2026
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 Margin29.12%-44.8%
- EBITDA Margin-1079.16%-89.0%
- Operating Margin-1194.41%-88.1%
- Net Margin-3050.37%-63.8%
- ROE-64.27%+62.2%
- ROIC-22.04%+60.0%
- Debt/Equity0.01-81.1%
RGTI Key Insights
Rigetti Computing, Inc. (RGTI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗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 11.4x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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%
TTM-34.31%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-7.57%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM39.95%
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
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Mar 4, 2026EPS
$0.03
Est $0.05
+40.0%
Revenue
$2M
Est $2M
-19.8%
Q4 2025
Nov 10, 2025EPS
$0.03
Est $0.04
+28.0%
Revenue
$2M
Est $2M
-10.2%
Q3 2025
Aug 12, 2025EPS
$0.05
Est $0.06
+16.7%
Revenue
$2M
Est $2M
-25.8%
Q2 2025
May 12, 2025EPS
$0.08
Est $0.05
-60.0%
Revenue
$1M
Est $3M
-42.3%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 4, 2026 | $0.03vs $0.05+40.0% | $2Mvs $2M-19.8% |
| Q4 2025 | Nov 10, 2025 | $0.03vs $0.04+28.0% | $2Mvs $2M-10.2% |
| Q3 2025 | Aug 12, 2025 | $0.05vs $0.06+16.7% | $2Mvs $2M-25.8% |
| Q2 2025 | May 12, 2025 | $0.08vs $0.05-60.0% | $1Mvs $3M-42.3% |
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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IONQ | 19.27B | 52.57 | -28.88 | 201.85% | 148.08% | 9.03% | 0.01 | |
 QBTS | 8.48B | 23.84 | -21.48 | 178.54% | -14.44% | -41.66% | 0.01 | |
 QUBT | 2.26B | 10.46 | -95.09 | 82.84% | -27.38% | -2.42% | 0.00 | |
 ARQQ | 79.34M | 15.68 | -6.13 | 80.89% | -97.32% | -5.11% | 0.03 | |
 IBM | 211.75B | 225.74 | 20.21 | 7.62% | 15.61% | 35.44% | 2.05 | |
 GOOGL | 4.81T | 397.82 | 36.80 | 15.13% | 37.91% | 38.98% | 0.14 | |
 MSFT | 3.07T | 413.87 | 30.34 | 14.93% | 39.34% | 33.13% | 0.33 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 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.
RGTI Income Statement
Rigetti Computing, Inc. (RGTI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Jan'20 | Jan'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 735.48K | 5.54M | 8.2M | 13.1M | 12.01M | 10.79M | 7.09M |
| Revenue Growth % | - | 653.6% | 47.87% | 59.86% | -8.35% | -10.14% | -34.31% |
| Cost of Goods Sold | 288.16K | 1.49M | 6.27M | 2.87M | 2.8M | 5.09M | 5.02M |
| COGS % of Revenue | 39.18% | 26.91% | 76.55% | 21.93% | 23.32% | 47.2% | 70.88% |
| 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% | 2.06M▼ 63.8% |
| Gross Margin % | 60.82% | 73.09% | 23.45% | 78.07% | 76.68% | 52.8% | 29.12% |
| Gross Profit Growth % | - | 805.61% | -52.55% | 432.21% | -9.98% | -38.13% | -63.77% |
| Operating Expenses | 48.15M | 39.14M | 36.05M | 119.31M | 81.5M | 74.21M | 86.72M |
| OpEx % of Revenue | 6546.63% | 706.21% | 439.86% | 910.62% | 678.74% | 687.74% | 1223.53% |
| Selling, General & Admin | 18.7M | 15.04M | 15.03M | 53.98M | 27.74M | 24.46M | 25.38M |
| SG&A % of Revenue | 2543.05% | 271.41% | 183.34% | 412% | 231.05% | 226.66% | 358.06% |
| Research & Development | 29.45M | 24.1M | 26.93M | 59.95M | 52.77M | 49.75M | 61.34M |
| R&D % of Revenue | 4003.58% | 434.8% | 328.55% | 457.58% | 439.44% | 461.08% | 865.48% |
| Other Operating Expenses | 0 | 0 | -5.9M | 5.38M | 991K | 0 | 0 |
| 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% |
| Operating Margin % | -6485.81% | -633.13% | -416.41% | -832.54% | -602.06% | -634.94% | -1194.41% |
| 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 |
| EBITDA Margin % | -5949.85% | -555.56% | -359.66% | -778.99% | -540.21% | -570.94% | -1079.16% |
| EBITDA Growth % | - | 29.63% | 4.27% | -246.23% | 36.44% | 5.03% | -24.17% |
| D&A (Non-Cash Add-back) | 3.94M | 4.3M | 4.65M | 7.02M | 7.43M | 6.91M | 8.17M |
| EBIT | -47.7M | -35.09M | -35.78M | -66.23M | -69.33M | -197.73M | -84.66M |
| Net Interest Income | -670.85K | 0 | -2.46M | -2.85M | -703K | 1.86M | 16.56M |
| Interest Income | 670.85K | 0 | 10K | 2.43M | 5.08M | 5.11M | 16.56M |
| Interest Expense | 0 | 0 | 2.46M | 5.29M | 5.78M | 3.25M | 0 |
| Other Income/Expense | -6.11M | 8.96M | -4.11M | 37.56M | -2.81M | -132.48M | -131.55M |
| 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% |
| Pretax Margin % | -7317.15% | -471.39% | -466.58% | -545.88% | -625.47% | -1862.72% | -3050.37% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 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% |
| Net Margin % | -7317.15% | -310.42% | -466.58% | -545.88% | -625.47% | -1862.72% | -3050.37% |
| Net Income Growth % | - | 68.03% | -122.26% | -87.03% | -5.01% | -167.6% | -7.57% |
| Net Income (Continuing) | -53.82M | -26.13M | -38.24M | -71.52M | -75.11M | -200.99M | -216.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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% |
| EPS Growth % | - | 16.67% | -425% | 66.67% | 18.57% | -91.23% | 35.78% |
| EPS (Basic) | -0.48 | -0.40 | -2.10 | -0.70 | -0.57 | -1.09 | -0.70 |
| Diluted Shares Outstanding | 113.81M | 43.13M | 18.22M | 102.3M | 131.98M | 184.67M | 309.76M |
| Basic Shares Outstanding | 113.81M | 43.13M | 18.22M | 102.3M | 131.98M | 184.67M | 309.76M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
RGTI Balance Sheet
Rigetti Computing, Inc. (RGTI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'20 | Jan'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.62M | 23.72M | 14.62M | 154.47M | 107.67M | 206.76M | 454.76M |
| Cash & Short-Term Investments | 308.71K | 22.2M | 11.73M | 142.81M | 99.93M | 192.09M | 44.85M |
| Cash Only | 308.71K | 22.2M | 11.73M | 57.89M | 21.39M | 67.67M | 44.85M |
| Short-Term Investments | 0 | 0 | 0 | 84.92M | 78.54M | 124.42M | 0 |
| Accounts Receivable | 188.97K | 479.37K | 1.54M | 6.24M | 5.03M | 2.43M | 2.55M |
| Days Sales Outstanding | 93.78 | 31.57 | 68.72 | 173.7 | 152.86 | 82.1 | 131.37 |
| Inventory | 0 | 0 | 0 | 2.97M | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | 377.45 | - | - | - |
| Other Current Assets | 0 | 0 | 1.12M | 0 | 2.71M | 9.08M | 407.36M |
| Total Non-Current Assets | 25.86M | 25.96M | 31.8M | 48.98M | 52.25M | 78.03M | 211.81M |
| Property, Plant & Equipment | 20.04M | 20.14M | 22.5M | 48.85M | 52.12M | 52.64M | 63.46M |
| Fixed Asset Turnover | 0.04x | 0.28x | 0.36x | 0.27x | 0.23x | 0.20x | 0.11x |
| Goodwill | 5.38M | 5.38M | 5.38M | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 317K | 0 | 0 | 25.07M | 146.32M |
| Other Non-Current Assets | 444.25K | 446.5K | 3.61M | 129K | 129K | 325K | 2.03M |
| 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% |
| Asset Turnover | 0.03x | 0.11x | 0.18x | 0.06x | 0.08x | 0.04x | 0.01x |
| Asset Growth % | - | 80.76% | -6.55% | 338.19% | -21.4% | 78.09% | 134.06% |
| Total Current Liabilities | 34.8M | 3.2M | 7.57M | 21.75M | 29.05M | 11.87M | 12.15M |
| Accounts Payable | 3.1M | 1.11M | 1.97M | 1.94M | 5.77M | 1.59M | 3.49M |
| Days Payables Outstanding | 3.93K | 271.11 | 114.67 | 246.21 | 752.42 | 113.95 | 253.41 |
| Short-Term Debt | 26.89M | 0 | 575K | 8.3M | 12.16M | 0 | 2.23M |
| Deferred Revenue (Current) | 1.85M | 491.83K | 985K | 961K | 343K | 113K | 847K |
| Other Current Liabilities | 1.88M | 0 | 3.07M | 7.42M | 3.34M | 623K | 5.58M |
| Current Ratio | 0.05x | 7.40x | 1.93x | 7.10x | 3.71x | 17.42x | 37.42x |
| Quick Ratio | 0.05x | 7.40x | 1.93x | 6.96x | 3.71x | 17.42x | 37.42x |
| Cash Conversion Cycle | - | - | - | 304.93 | - | - | - |
| Total Non-Current Liabilities | 121.1M | 81.9M | 28.87M | 31.47M | 21.27M | 146.33M | 108.22M |
| Long-Term Debt | 0 | 0 | 24.22M | 20.64M | 9.89M | 0 | 4.93M |
| Capital Lease Obligations | 0 | 0 | 0 | 7.86M | 6.3M | 6.64M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 121.1M | 81.9M | 4.65M | 2.97M | 5.08M | 138.99M | 102.59M |
| Total Liabilities | 155.9M | 85.11M | 36.43M | 53.22M | 50.33M | 158.2M | 120.38M |
| Total Debt | 26.89M | 0 | 24.79M | 39.14M | 30.57M | 8.8M | 7.17M |
| Net Debt | 26.58M | -22.2M | 13.06M | -18.75M | 9.17M | -58.87M | -37.68M |
| Debt / Equity | - | - | 2.48x | 0.26x | 0.28x | 0.07x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | - | -13.85x | -20.64x | -12.51x | -21.05x | - |
| 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% |
| Equity Growth % | - | 72.41% | 128.21% | 1402.99% | -27.05% | 15.51% | 331.47% |
| Book Value per Share | -1.13 | -0.82 | 0.55 | 1.47 | 0.83 | 0.69 | 1.76 |
| Total Shareholders' Equity | -128.41M | -35.43M | 9.99M | 150.22M | 109.59M | 126.59M | 546.2M |
| Common Stock | 8 | 21 | 2K | 12K | 14K | 29K | 33K |
| Retained Earnings | -142.76M | -168.89M | -207.13M | -278.65M | -353.76M | -554.75M | -770.96M |
| Treasury Stock | -14.36M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -15.31K | 56.83K | 52K | -161K | 244K | 105K | 997K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
RGTI Cash Flow Statement
Rigetti Computing, Inc. (RGTI) cash flow — operating, investing & free cash flow history
| Line item | Jan'20 | Jan'21 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -36.89M | -30.07M | -29.29M | -62.69M | -50.58M | -50.63M | -58.54M |
| 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% |
| Net Income | -53.82M | -26.13M | -38.24M | -71.52M | -75.11M | -200.99M | -216.21M |
| Depreciation & Amortization | 3.94M | 4.3M | 4.65M | 7.02M | 7.43M | 6.91M | 8.17M |
| Stock-Based Compensation | 2.78M | 2.59M | 0 | 44.81M | 12.41M | 13.07M | 17.61M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 5.57M | -8.91M | 4.14M | -40.67M | 5.19M | 133.47M | 139.78M |
| Working Capital Changes | 4.63M | -1.92M | 158K | -2.33M | -495K | -3.08M | -7.88M |
| Change in Receivables | 2.23M | -2.29M | -1.06M | -4.69M | 1.21M | 2.6M | -124K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | -389K | -707K | 895K | -1.04M | 111K |
| Cash from Investing | -2.94M | -4.4M | -7.01M | -107.02M | 773K | -78.36M | -403.33M |
| Capital Expenditures | -3.09M | -4.4M | -7.01M | -22.74M | -9.06M | -11.1M | -18.68M |
| CapEx % of Revenue | 420.65% | 79.39% | 85.51% | 173.54% | 75.44% | 102.85% | 263.49% |
| Acquisitions | 149.48K | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 18.74M | 56.29M | 25.83M | 215.45M | 13.23M | 175.46M | 439.09M |
| Debt Issued (Net) | 17.11M | 2.2M | 27M | 3.71M | -8.33M | -23.33M | 0 |
| Equity Issued (Net) | 0 | 1000K | 378K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 1.63M | 66.36K | -1.55M | 205.68M | 1.02M | -7.55M | 6.27M |
| 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% |
| 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% |
| FCF Margin % | -5436.25% | -621.87% | -442.89% | -652.01% | -496.65% | -572.06% | -1089.43% |
| FCF Growth % | - | 13.79% | -5.31% | -135.34% | 30.19% | -3.5% | -25.1% |
| FCF per Share | -0.35 | -0.80 | -1.99 | -0.84 | -0.45 | -0.33 | -0.25 |
| FCF Conversion (FCF/Net Income) | 0.69x | 1.75x | 0.77x | 0.88x | 0.67x | 0.25x | 0.27x |
| Interest Paid | 0 | 51.67K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
RGTI Key Ratios
Rigetti Computing, Inc. (RGTI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -382.6% | -89.28% | -57.82% | -170.2% | -64.27% |
| Return on Invested Capital (ROIC) | - | - | - | -105.88% | -43.34% | -55.11% | -22.04% |
| Gross Margin | 60.82% | 73.09% | 23.45% | 78.07% | 76.68% | 52.8% | 29.12% |
| Net Margin | -7317.15% | -310.42% | -466.58% | -545.88% | -625.47% | -1862.72% | -3050.37% |
| Debt / Equity | - | - | 2.48x | 0.26x | 0.28x | 0.07x | 0.01x |
| Interest Coverage | - | - | -13.85x | -20.64x | -12.51x | -21.05x | - |
| FCF Conversion | 0.69x | 1.75x | 0.77x | 0.88x | 0.67x | 0.25x | 0.27x |
| Revenue Growth | - | 653.6% | 47.87% | 59.86% | -8.35% | -10.14% | -34.31% |
RGTI SEC Filings & Documents
Rigetti Computing, Inc. (RGTI) SEC filings — annual & quarterly reports (10-K, 10-Q)
RGTI Frequently Asked Questions
Rigetti Computing, Inc. (RGTI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Rigetti Computing, Inc. (RGTI) reported $7.1M in revenue for fiscal year 2025. This represents a 864% 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 $216.2M 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 $77.2M in fiscal year 2025, likely due to heavy capital investments.
Explore More RGTI
Rigetti Computing, Inc. (RGTI) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates