Symbols / RGTI Stock $18.34 -8.71% Rigetti Computing, Inc.

Technology • Computer Hardware • United States • NCM
RGTI (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Computer Hardware
CEO Dr. Subodh K. Kulkarni Ph.D.
Exch · Country NCM · United States
Market Cap 6.10B
Enterprise Value 5.66B
Income -216.21M
Sales 7.09M
FCF (ttm) -42.19M
Book/sh 1.65
Cash/sh 1.33
Employees 162
Insider 10d —
IPO Apr 22, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -101.26
PEG —
P/S 859.93
P/B 11.12
P/C —
EV/EBITDA -73.93
EV/Sales 797.87
Quick Ratio 36.96
Current Ratio 37.42
Debt/Eq 1.31
LT Debt/Eq —
EPS (ttm) -0.70
EPS next Y -0.18
EPS Growth —
Revenue Growth -17.90%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-11
Earnings (prior) 2026-03-04
ROA -11.12%
ROE -64.27%
ROIC —
Gross Margin 29.12%
Oper. Margin -12.10%
Profit Margin 0.00%
Shs Outstand 332.35M
Shs Float 327.23M
Insider Own 1.79%
Instit Own 49.61%
Short Float 14.58%
Short Ratio 1.77
Short Interest 48.24M
52W High 58.15
vs 52W High -68.46%
52W Low 9.85
vs 52W Low 86.19%
Beta 1.80
Impl. Vol. 3.13%
Rel Volume 0.88
Avg Volume 28.35M
Volume 24.97M
Target (mean) $29.74
Tgt Median $30.50
Tgt Low $15.91
Tgt High $40.00
# Analysts 12
Recom Buy
Prev Close $20.09
Price $18.34
Change -8.71%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$29.74
Mean price target
2. Current target
$18.34
Latest analyst target
3. DCF / Fair value
$-2.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.34
Low
$15.91
High
$40.00
Mean
$29.74

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-20 main Benchmark Buy → Buy $25
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
News
RSS: Latest RGTI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 BERTELSEN JEFFREY A Chief Financial Officer — 4,270 $17.52 $74,804
2026-03-10 RIVAS DAVID Chief Technology Officer — 80,000 $0.00 $0
2026-03-10 RIVAS DAVID Chief Technology Officer — 36,719 $17.52 $643,321
2026-01-02 FITZGERALD ALISSA Director — 59,316 $22.41 $1,329,378
2025-12-09 CLIFTON MICHAEL S. Director — 150,000 $27.34 $4,100,805
2025-11-20 BERTELSEN JEFFREY A Chief Financial Officer — 3,702 $26.35 $97,551
2025-11-20 RIVAS DAVID Chief Technology Officer — 41,935 $26.34 $1,104,555
2025-10-17 SANDFORD HELENE GAIL Director — 62,000 $44.89 $2,782,889
2025-09-19 SANDFORD HELENE GAIL Director — 17,635 $24.75 $436,440
2025-09-12 IANNOTTI THOMAS J Director — 100,000 $19.50 $1,950,020
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
7.09
-34.31%
10.79
-10.14%
12.01
-8.35%
13.10
Operating Revenue
7.09
-34.31%
10.79
-10.14%
12.01
-8.35%
13.10
Cost Of Revenue
5.02
-1.35%
5.09
+81.89%
2.80
-2.54%
2.87
Reconciled Cost Of Revenue
5.02
-1.35%
5.09
+81.89%
2.80
-2.54%
2.87
Gross Profit
2.06
-63.77%
5.70
-38.13%
9.21
-9.98%
10.23
Operating Expense
86.72
+16.87%
74.21
-7.83%
80.51
-29.33%
113.93
Research And Development
61.34
+23.31%
49.75
-5.72%
52.77
-11.98%
59.95
Selling General And Administration
25.38
+3.77%
24.46
-11.85%
27.74
-48.60%
53.98
Selling And Marketing Expense
—
—
—
6.35
General And Administrative Expense
—
—
—
47.63
Other Gand A
—
—
—
47.63
Total Expenses
91.75
+15.70%
79.30
-4.82%
83.31
-28.67%
116.81
Operating Income
-84.66
-23.57%
-68.51
+3.92%
-71.30
+31.24%
-103.70
Total Operating Income As Reported
-84.66
-23.57%
-68.51
+5.24%
-72.30
+33.72%
-109.08
EBITDA
-208.04
-9.02%
-190.83
-208.27%
-61.90
-4.53%
-59.22
Normalized EBITDA
-59.93
-6.09%
-56.49
+3.93%
-58.80
+37.61%
-94.25
Reconciled Depreciation
8.17
+18.29%
6.91
-7.00%
7.43
+5.83%
7.02
EBIT
-216.21
-9.34%
-197.73
-185.21%
-69.33
-4.67%
-66.23
Total Unusual Items
-148.11
-10.25%
-134.34
-4233.42%
-3.10
-108.85%
35.03
Total Unusual Items Excluding Goodwill
-148.11
-10.25%
-134.34
-4233.42%
-3.10
-108.85%
35.03
Special Income Charges
2.52
+105.70%
-44.17
-2176.70%
-1.94
-115.04%
12.90
Other Special Charges
—
0.43
—
—
Impairment Of Capital Assets
—
—
0.00
-100.00%
5.38
Restructuring And Mergern Acquisition
-2.52
-105.76%
43.74
+2154.74%
1.94
+110.61%
-18.28
Net Income
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Pretax Income
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Net Non Operating Interest Income Expense
16.56
+791.33%
1.86
+364.30%
-0.70
+75.36%
-2.85
Interest Expense Non Operating
0.00
-100.00%
3.25
-43.68%
5.78
+9.33%
5.29
Net Interest Income
16.56
+791.33%
1.86
+364.30%
-0.70
+75.36%
-2.85
Interest Expense
0.00
-100.00%
3.25
-43.68%
5.78
+9.33%
5.29
Interest Income Non Operating
16.56
+223.90%
5.11
+0.73%
5.08
+108.63%
2.43
Interest Income
16.56
+223.90%
5.11
+0.73%
5.08
+108.63%
2.43
Other Income Expense
-148.11
-10.25%
-134.34
-4233.42%
-3.10
-108.85%
35.03
Gain On Sale Of Security
-150.63
-67.05%
-90.17
-7673.10%
-1.16
-105.24%
22.13
Tax Provision
0.00
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Net Income From Continuing Operation Net Minority Interest
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Net Income From Continuing And Discontinued Operation
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Net Income Continuous Operations
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Normalized Income
-68.10
-2.17%
-66.65
+7.44%
-72.01
+32.42%
-106.56
Net Income Common Stockholders
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Diluted EPS
-0.70
+35.78%
-1.09
-91.23%
-0.57
+18.57%
-0.70
Basic EPS
-0.70
+35.78%
-1.09
-91.23%
-0.57
+18.57%
-0.70
Basic Average Shares
309.76
+67.74%
184.67
+39.92%
131.98
+29.01%
102.30
Diluted Average Shares
309.76
+67.74%
184.67
+39.92%
131.98
+29.01%
102.30
Diluted NI Availto Com Stockholders
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Line Item Trend 2023-12-31
Total Assets
159.91
Current Assets
107.67
Cash Cash Equivalents And Short Term Investments
99.93
Cash And Cash Equivalents
21.39
Other Short Term Investments
78.54
Receivables
5.03
Accounts Receivable
5.03
Prepaid Assets
1.94
Current Deferred Assets
0.00
Hedging Assets Current
0.00
Other Current Assets
0.77
Total Non Current Assets
52.25
Net PPE
52.12
Gross PPE
85.42
Accumulated Depreciation
-33.30
Properties
0.00
Machinery Furniture Equipment
4.49
Construction In Progress
0.00
Other Properties
72.56
Leases
8.37
Goodwill And Other Intangible Assets
—
Goodwill
—
Investments And Advances
0.00
Other Non Current Assets
0.13
Total Liabilities Net Minority Interest
50.33
Current Liabilities
29.05
Payables And Accrued Expenses
13.03
Payables
7.81
Accounts Payable
5.77
Current Accrued Expenses
5.22
Total Tax Payable
2.04
Current Debt And Capital Lease Obligation
14.37
Current Debt
12.16
Other Current Borrowings
12.16
Current Capital Lease Obligation
2.21
Current Deferred Liabilities
0.34
Current Deferred Revenue
0.34
Other Current Liabilities
1.30
Total Non Current Liabilities Net Minority Interest
21.27
Long Term Debt And Capital Lease Obligation
16.19
Long Term Debt
9.89
Long Term Capital Lease Obligation
6.30
Non Current Deferred Liabilities
0.00
Non Current Deferred Revenue
0.00
Other Non Current Liabilities
2.15
Preferred Securities Outside Stock Equity
—
Stockholders Equity
109.59
Common Stock Equity
109.59
Capital Stock
0.01
Common Stock
0.01
Preferred Stock
0.00
Share Issued
147.07
Ordinary Shares Number
147.07
Treasury Shares Number
0.00
Additional Paid In Capital
463.09
Retained Earnings
-353.76
Gains Losses Not Affecting Retained Earnings
0.24
Other Equity Adjustments
0.24
Total Equity Gross Minority Interest
109.59
Total Capitalization
119.48
Working Capital
78.61
Invested Capital
131.65
Total Debt
30.57
Net Debt
0.67
Capital Lease Obligations
8.51
Net Tangible Assets
109.59
Tangible Book Value
109.59
Available For Sale Securities
—
Derivative Product Liabilities
2.93
Interest Payable
0.30
Investmentin Financial Assets
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-58.54
-15.64%
-50.63
-0.09%
-50.58
+19.32%
-62.69
Cash Flow From Continuing Operating Activities
-58.54
-15.64%
-50.63
-0.09%
-50.58
+19.32%
-62.69
Net Income From Continuing Operations
-216.21
-7.57%
-200.99
-167.60%
-75.11
-5.01%
-71.52
Depreciation Amortization Depletion
8.17
+18.29%
6.91
-7.00%
7.43
+5.83%
7.02
Depreciation And Amortization
8.17
+18.29%
6.91
-7.00%
7.43
+5.83%
7.02
Other Non Cash Items
-0.94
-102.01%
46.49
+1038.47%
4.08
+123.74%
-17.20
Stock Based Compensation
17.61
+34.71%
13.07
+5.32%
12.41
-72.31%
44.81
Asset Impairment Charge
—
0.00
-100.00%
0.84
-84.45%
5.38
Operating Gains Losses
150.63
+66.27%
90.59
+2573.18%
3.39
+112.15%
-27.90
Gain Loss On Investment Securities
150.63
+67.05%
90.17
+2560.61%
3.39
+112.15%
-27.90
Change In Working Capital
-7.88
-155.83%
-3.08
-522.42%
-0.49
+78.73%
-2.33
Change In Receivables
-0.01
-100.83%
1.57
-25.46%
2.10
+138.91%
-5.40
Changes In Account Receivables
-0.01
-100.83%
1.57
-25.46%
2.10
+138.91%
-5.40
Change In Prepaid Assets
-4.44
-82.42%
-2.43
-839.77%
-0.26
+75.68%
-1.06
Change In Payables And Accrued Expense
-4.16
-55.28%
-2.68
-55.96%
-1.72
-138.58%
4.46
Change In Accrued Expense
-4.16
-55.28%
-2.68
-55.96%
-1.72
-138.58%
4.46
Change In Other Working Capital
0.73
+56.84%
0.47
+175.73%
-0.62
-2475.00%
-0.02
Change In Other Current Assets
—
—
—
0.03
Change In Other Current Liabilities
—
—
0.00
+100.00%
-0.29
Investing Cash Flow
-403.33
-414.70%
-78.36
-10237.39%
0.77
+100.72%
-107.02
Cash Flow From Continuing Investing Activities
-403.33
-414.70%
-78.36
-10237.39%
0.77
+100.72%
-107.02
Net PPE Purchase And Sale
-18.68
-68.28%
-11.10
-22.51%
-9.06
+60.16%
-22.74
Purchase Of PPE
-18.68
-68.28%
-11.10
-22.51%
-9.06
+60.16%
-22.74
Capital Expenditure
-18.68
-68.28%
-11.10
-22.51%
-9.06
+60.16%
-22.74
Net Investment Purchase And Sale
-384.65
-471.85%
-67.26
-784.13%
9.83
+111.66%
-84.29
Purchase Of Investment
-635.65
-182.81%
-224.76
-105.73%
-109.25
-29.62%
-84.29
Sale Of Investment
251.00
+59.37%
157.50
+32.26%
119.08
0.00
Financing Cash Flow
439.09
+150.25%
175.46
+1226.22%
13.23
-93.86%
215.45
Cash Flow From Continuing Financing Activities
439.09
+150.25%
175.46
+1226.22%
13.23
-93.86%
215.45
Net Issuance Payments Of Debt
0.00
+100.00%
-23.33
-179.95%
-8.33
-324.67%
3.71
Issuance Of Debt
—
—
0.00
-100.00%
5.00
Repayment Of Debt
0.00
+100.00%
-23.33
-179.95%
-8.33
-545.47%
-1.29
Long Term Debt Issuance
—
—
0.00
-100.00%
5.00
Long Term Debt Payments
0.00
+100.00%
-23.33
-179.95%
-8.33
-545.47%
-1.29
Net Long Term Debt Issuance
0.00
+100.00%
-23.33
-179.95%
-8.33
-324.67%
3.71
Net Common Stock Issuance
381.72
+85.00%
206.34
+904.37%
20.54
0.00
Proceeds From Stock Option Exercised
51.98
+9283.21%
0.55
-50.80%
1.13
-81.44%
6.07
Net Other Financing Charges
5.38
+166.43%
-8.11
-7474.77%
-0.11
-100.05%
205.68
Changes In Cash
-22.79
-149.03%
46.47
+227.05%
-36.58
-179.96%
45.74
Effect Of Exchange Rate Changes
-0.04
+79.79%
-0.19
-335.00%
0.08
-20.79%
0.10
Beginning Cash Position
67.67
+216.35%
21.39
-63.05%
57.89
+380.56%
12.05
End Cash Position
44.85
-33.72%
67.67
+216.35%
21.39
-63.05%
57.89
Free Cash Flow
-77.22
-25.10%
-61.73
-3.50%
-59.64
+30.19%
-85.43
Interest Paid Supplemental Data
0.00
-100.00%
2.35
-45.85%
4.34
+13.64%
3.82
Amortization Of Securities
-9.92
-173.83%
-3.62
-16.05%
-3.12
-228.87%
-0.95
Common Stock Issuance
381.72
+85.00%
206.34
+904.37%
20.54
0.00
Issuance Of Capital Stock
381.72
+85.00%
206.34
+904.37%
20.54
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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