RGTI

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Rigetti Computing, Inc.

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Key Metrics

Previous Close: $17.00
52-Week Range: $12.53 – $58.15
Market Cap: $5.36B
P/E (TTM): —
EPS (TTM): -0.83
Dividend Yield: —

Advanced Metrics

Price/Book: 9.15
PEG Ratio: —
Return on Equity: -43.77%
Return on Assets: -9.45%
Gross Margin: 34.61%
Operating Margin: -546.17%
Profit Margin: 0.00%
Current Ratio: 3.94
Debt/Equity: 0.01
Total Debt: $7.70M
Free Cash Flow: $26.45M
Revenue Growth: 185.30%
Earnings Growth: —
Enterprise Value: $4.98B

RGTI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$13.10M	$12.01M	$10.79M	$7.09M
Cost of Revenue	$2.87M	$2.80M	$5.09M	$5.02M
Gross Profit	$10.23M	$9.21M	$5.70M	$2.06M
Research & Development	$59.95M	$52.77M	$49.75M	$61.34M
Selling, General & Admin	$53.98M	$27.74M	$24.46M	$25.38M
Operating Expenses	$113.93M	$80.51M	$74.21M	$86.72M
Operating Income	-$103.70M	-$71.30M	-$68.51M	-$84.66M
EBITDA	-$59.22M	-$61.90M	-$190.83M	-$208.04M
Pretax Income	-$71.52M	-$75.11M	-$200.99M	-$216.21M
Income Tax	$0.00	$0.00	$0.00	$0.00
Net Income	-$71.52M	-$75.11M	-$200.99M	-$216.21M
Diluted EPS	-0.70	-0.57	-1.09	-0.70
Diluted Shares	102.30M	131.98M	184.67M	309.76M

RGTI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$57.89M	$21.39M	$67.67M	$44.85M
Receivables	$6.24M	$5.03M	$2.43M	$2.55M
Current Assets	$154.47M	$107.67M	$206.76M	$454.76M
Total Assets	$203.44M	$159.91M	$284.79M	$666.57M
Current Liabilities	$21.75M	$29.05M	$11.87M	$12.15M
Long-Term Debt	$20.64M	$9.89M	—	—
Total Debt	$39.14M	$30.57M	$8.80M	$7.17M
Total Liabilities	$53.22M	$50.33M	$158.20M	$120.38M
Retained Earnings	-$278.65M	-$353.76M	-$554.75M	-$770.96M
Shareholders' Equity	$150.22M	$109.59M	$126.59M	$546.20M
Working Capital	$132.72M	$78.61M	$194.89M	$442.61M
Net Debt	—	$666.00K	—	—

RGTI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$62.69M	-$50.58M	-$50.63M	-$58.54M
Capital Expenditure	-$22.74M	-$9.06M	-$11.10M	-$18.68M
Free Cash Flow	-$85.43M	-$59.64M	-$61.73M	-$77.22M
Depreciation & Amortisation	$7.02M	$7.43M	$6.91M	$8.17M
Stock-Based Compensation	$44.81M	$12.41M	$13.07M	$17.61M
Investing Cash Flow	-$107.02M	$773.00K	-$78.36M	-$403.33M
Financing Cash Flow	$215.45M	$13.23M	$175.46M	$439.09M
Net Change in Cash	$45.74M	-$36.58M	$46.47M	-$22.79M

RGTI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.47M	$1.80M	$1.95M	$1.87M	$4.40M
Cost of Revenue	$1.03M	$1.24M	$1.54M	$1.22M	$3.02M
Gross Profit	$442.00K	$566.00K	$404.00K	$652.00K	$1.38M
Research & Development	$15.46M	$13.52M	$15.02M	$17.35M	$19.96M
Selling, General & Admin	$6.62M	$6.93M	$5.93M	$5.90M	$7.37M
Operating Expenses	$22.07M	$20.45M	$20.95M	$23.25M	$27.33M
Operating Income	-$21.63M	-$19.88M	-$20.55M	-$22.60M	-$25.95M
EBITDA	-$19.80M	-$37.76M	-$198.89M	-$15.84M	-$23.34M
Pretax Income	$42.62M	-$39.65M	-$200.97M	-$18.21M	$33.11M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	$42.62M	-$39.65M	-$200.97M	-$18.21M	$33.11M
Diluted EPS	0.13	-0.13	-0.62	-0.06	-0.06
Diluted Shares	301.60M	298.25M	325.02M	330.40M	335.44M

RGTI Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$37.16M	$57.18M	$26.13M	$44.85M	$48.15M
Receivables	$1.07M	$1.75M	$2.28M	$2.55M	$4.38M
Current Assets	$214.36M	$433.58M	$456.29M	$454.76M	$432.20M
Total Assets	$269.14M	$636.69M	$630.27M	$666.57M	$650.68M
Current Liabilities	$11.39M	$10.43M	$11.63M	$12.15M	$61.88M
Total Debt	$8.41M	$8.01M	$7.60M	$7.17M	$6.78M
Total Liabilities	$62.01M	$83.43M	$258.45M	$120.38M	$67.09M
Retained Earnings	-$512.13M	-$551.78M	-$752.75M	-$770.96M	-$737.85M
Shareholders' Equity	$207.13M	$553.26M	$371.83M	$546.20M	$583.60M
Working Capital	$202.97M	$423.15M	$444.66M	$442.61M	$370.33M

RGTI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$13.65M	-$16.17M	-$13.82M	-$14.90M	-$16.22M
Capital Expenditure	-$2.55M	-$5.67M	-$5.89M	-$4.57M	-$4.41M
Free Cash Flow	-$16.20M	-$21.84M	-$19.71M	-$19.47M	-$20.63M
Depreciation & Amortisation	$1.83M	$1.89M	$2.07M	$2.37M	$2.62M
Stock-Based Compensation	$4.17M	$3.55M	$4.30M	$5.58M	$5.89M
Investing Cash Flow	-$23.61M	-$346.12M	-$19.98M	-$13.62M	$19.81M
Financing Cash Flow	$6.93M	$382.16M	$2.82M	$47.17M	$81.00K
Net Change in Cash	-$30.32M	$19.87M	-$30.98M	$18.65M	$3.67M

Market Snapshot

About

Rigetti Computing is a pioneer in quantum computing, developing superconducting quantum processors and cloud-based quantum computing services. The company designs, manufactures, and operates quantum computers accessible via the Rigetti Quantum Cloud Services platform. Rigetti targets applications in optimization, machine learning, and simulation, partnering with enterprises, governments, and research institutions to advance practical quantum computing.