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Rigetti Computing, Inc.

RGTI

$17.93 ▲ +2.15 (+13.62%) at close

6 Visible periods

30 Metrics

Peer-ranked Benchmarks

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Health

Poor

Bearish

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Analytical Summary

Rigetti Computing, Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $5.6B

Dividend Yield —

Revenue Growth -34.3% ↘

Op. Margin None

ROIC -15.5% ↗

FCF / Share $-0.25 ↗

Trailing P/E —

Price / Book 10.9x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.09M

↓ -34.3% —

Net Income Profit after all expenses

$-216.21M

↓ -7.6% —

FCF / Share Free cash flow per share

$-0.25

↑ +25.4% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue Growth YoY (%)	-34.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-386%)	-10.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-185%)	-8.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-170%)	59.9% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+399%)	—	—
EPS Growth YoY (%)	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-91.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	18.6% Good Good Year-over-year change in earnings per share Optimal: > 10%	57.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-7.6% Weak ↑ Weak Improving Year-over-year change in net income	-167.6% Weak ↓ Weak Declining Year-over-year change in net income	-5.0% Weak Weak Year-over-year change in net income	-87.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	25.4% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	26.0% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	45.9% Excellent Excellent Year-over-year change in free cash flow	45.9% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-18.5% Weak Weak Compound annual revenue growth over 3 years	9.6% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Operating Margin (%) (%)	—	—	—	—	-416.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2182%)	—
Effective Tax Rate (%) (%)	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	—	—	—	—	-466.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-3211%)	—
FCF Margin (%) (%)	—	—	-496.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	-439.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.79x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Return on Invested Capital (%)	-15.5% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-54.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-60.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-72.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	47.7% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-12.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-24.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-45.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-53.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-73.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	-39.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-314%)	-158.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-958%)	-68.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-470%)	-47.6% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-357%)	53.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+189%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Debt to Equity (x)	—	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	0.09x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	—	—	—
Interest Coverage (x)	—	-29.15x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-12.51x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-20.64x Weak Weak Operating income divided by interest expense Optimal: > 5x	-13.85x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-44.85M	$-67.67M	$-11.50M	$-57.89M	$-11.73M	—
Debt / EBITDA (x)	—	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.15x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue per Share (USD)	$0.02	$0.06	$0.09	$0.13	$0.35	—
Basic EPS, GAAP (USD)	$-0.70	$-1.09	$-0.57	$-0.70	$-1.64	—
Free Cash Flow per Share (USD)	$-0.25	$-0.33	$-0.45	$-0.84	$-1.54	—
Book Value per Share (USD)	$1.65	$0.45	$0.75	$6.35	$-3.93	—
Tangible Book Value per Share (USD)	$1.65	$0.45	$0.75	$6.35	$-4.22	—
Basic Weighted Avg Shares (shares)	309.76M	184.67M	131.98M	102.30M	23.34M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Working Capital (USD)	$442.61M	$194.89M	$78.61M	$132.72M	$10.51M	$-22.69K
LT Debt (USD)	—	$0.00	$9.89M	—	—	—
Total Equity (USD)	$546.20M	$126.59M	$109.59M	$150.22M	$-71.53M	$0.00

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Sales/Revenue/Turnover (USD)	$7.09M	$10.79M	$12.01M	$13.10M	$8.20M	—
Depreciation Expense (USD)	$8.10M	$6.90M	$7.40M	$7.00M	$4.70M	—
Net Income, GAAP (USD)	$-216.21M	$-200.99M	$-75.11M	$-71.52M	$-38.24M	—
Operating Cash Flow (USD)	$-58.54M	$-50.63M	$-50.58M	$-62.69M	$-29.04M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 22 quarters

Rigetti Computing, Inc.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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