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Rigetti Computing, Inc. logo

Rigetti Computing, Inc.

RGTI

NASDAQTechnologyComputer Hardware

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Previous close

$17.91

+$1.845 · +11.48%

Aug 21, 4:00 PM ET

RGTI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

11

Overpriced

Momentum

17

Strong Down

Sentiment

65

Bullish

Risk resilience

30

High Risk

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Company profile

Company website

Rigetti Computing, Inc. operates as a full-stack quantum computing enterprise. This company develops and manufactures both quantum computers and the crucial superconducting quantum processors that enable their operation. Its sophisticated machines are made accessible through diverse cloud environments—public, private, or hybrid—via its specialized Quantum Cloud Services platform. The firm was established in 2013 and has its headquarters in Berkeley, California.

Industry
Computer Hardware
Sector
Technology
Headquarters
US
CEO
Subodh K. Kulkarni
Listed since
Apr 22, 2021
Employees
163

Market position

Day range

Current $17.91

52-week range

Current $17.91

Open
$16.31
Previous close
$16.065
Volume
23.02M
0.66× average
Average volume
34.86M
Average daily volume
Market cap
5.95B USD
Beta
2.02
Market reference 1
50-day average
$17.4282
+2.76% above average
200-day average
$20.0489
-10.67% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.82B USD
P/E (TTM)
-24.36×
P/B (TTM)
11.1×
P/S (TTM)
445.84×
EV / EBITDA
-32.8×
Earnings yield
-3.15%
Free cash flow yield
-1.13%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
-2.73%
Operating margin
-727.62%
Net margin
-1787.40%
Return on equity
-39.58%
Return on assets
-32.44%
Return on invested capital
-12.89%

Financial health

Debt / equity
0.01×
Current ratio
37.42×
Altman Z-score
29.91
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends391%-860%-2112%-3363%Gross margin, FY2021: 23.45%Gross margin, FY2022: 78.07%Gross margin, FY2023: 76.68%Gross margin, FY2024: 52.80%Gross margin, FY2025: -86.13%Operating margin, FY2021: -416.41%Operating margin, FY2022: -832.54%Operating margin, FY2023: -602.06%Operating margin, FY2024: -634.94%Operating margin, FY2025: -1194.41%Net margin, FY2021: -466.58%Net margin, FY2022: -545.88%Net margin, FY2023: -625.47%Net margin, FY2024: -1862.72%Net margin, FY2025: -3050.37%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.45%. Gross margin FY2022 78.07%. Gross margin FY2023 76.68%. Gross margin FY2024 52.80%. Gross margin FY2025 -86.13%. Operating margin FY2021 -416.41%. Operating margin FY2022 -832.54%. Operating margin FY2023 -602.06%. Operating margin FY2024 -634.94%. Operating margin FY2025 -1194.41%. Net margin FY2021 -466.58%. Net margin FY2022 -545.88%. Net margin FY2023 -625.47%. Net margin FY2024 -1862.72%. Net margin FY2025 -3050.37%.

Income trends

Revenue

7.09M USD-34.31%

Operating income

−84.66M USD-23.57%

Net income

−216.21M USD-7.57%
Income trends across reported periods36.03M USD−55.69M USD−147.42M USD−239.14M USDRevenue, FY2021: 8.2M USDRevenue, FY2022: 13.1M USDRevenue, FY2023: 12.01M USDRevenue, FY2024: 10.79M USDRevenue, FY2025: 7.09M USDOperating income, FY2021: −34.13M USDOperating income, FY2022: −109.08M USDOperating income, FY2023: −72.3M USDOperating income, FY2024: −68.51M USDOperating income, FY2025: −84.66M USDNet income, FY2021: −38.24M USDNet income, FY2022: −71.52M USDNet income, FY2023: −75.11M USDNet income, FY2024: −200.99M USDNet income, FY2025: −216.21M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.2M USD. Revenue FY2022 13.1M USD. Revenue FY2023 12.01M USD. Revenue FY2024 10.79M USD. Revenue FY2025 7.09M USD. Operating income FY2021 −34.13M USD. Operating income FY2022 −109.08M USD. Operating income FY2023 −72.3M USD. Operating income FY2024 −68.51M USD. Operating income FY2025 −84.66M USD. Net income FY2021 −38.24M USD. Net income FY2022 −71.52M USD. Net income FY2023 −75.11M USD. Net income FY2024 −200.99M USD. Net income FY2025 −216.21M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.09M USD10.79M USD12.01M USD13.1M USD8.2M USD
Cost of goods sold13.19M USD5.09M USD2.8M USD2.87M USD6.27M USD
Gross profit−6.11M USD5.7M USD9.21M USD10.23M USD1.92M USD
Research and development61.35M USD49.75M USD52.77M USD59.95M USD26.93M USD
Selling, general, and administrative17.21M USD24.46M USD27.74M USD53.98M USD15.03M USD
Operating expenses78.56M USD74.21M USD81.5M USD119.31M USD36.05M USD
Interest income16.56M USD5.11M USD5.08M USD2.43M USD10K USD
Interest expense—3.26M USD5.78M USD5.29M USD2.47M USD
Depreciation and amortization8.17M USD6.91M USD7.43M USD7.02M USD4.65M USD
Operating income−84.66M USD−68.51M USD−72.3M USD−109.08M USD−34.13M USD
Net income−216.21M USD−200.99M USD−75.11M USD−71.52M USD−38.24M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 3 misses, 2 met estimates
Average EPS surprise
+0.35%
11 comparable reports
Latest EPS result
-0.05
Estimate -0.05 · Miss by 8.62%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.03-0.06-0.09-0.12Q1 '25MetQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual -0.08, estimate -0.08, surprise 0.00%, Met estimate. Q2 2025, reported May 12, 2025: actual -0.08, estimate -0.05, surprise -60.00%, Miss. Q3 2025, reported Aug 12, 2025: actual -0.05, estimate -0.06, surprise +16.67%, Beat. Q4 2025, reported Nov 10, 2025: actual -0.03, estimate -0.042, surprise +28.01%, Beat. Q1 2026, reported Mar 4, 2026: actual -0.03, estimate -0.05, surprise +40.00%, Beat. Q2 2026, reported May 11, 2026: actual -0.04, estimate -0.041, surprise +2.01%, Beat. Q3 2026, reported Aug 6, 2026: actual -0.05, estimate -0.046, surprise -8.62%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.43M4.04M2.64M1.25MQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 2.27M USD, estimate 2.5M USD, surprise -9.04%, Miss. Q2 2025, reported May 12, 2025: actual 1.47M USD, estimate 2.55M USD, surprise -42.29%, Miss. Q3 2025, reported Aug 12, 2025: actual 1.8M USD, estimate 2.43M USD, surprise -25.81%, Miss. Q4 2025, reported Nov 10, 2025: actual 1.95M USD, estimate 2.17M USD, surprise -10.22%, Miss. Q1 2026, reported Mar 4, 2026: actual 1.87M USD, estimate 2.33M USD, surprise -19.77%, Miss. Q2 2026, reported May 11, 2026: actual 4.4M USD, estimate 4.09M USD, surprise +7.67%, Beat. Q3 2026, reported Aug 6, 2026: actual 5.14M USD, estimate 5.09M USD, surprise +1.01%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 3.68M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$26.25

46.57% upside
Past 12 months12-month forecastHigh $40.00Average $26.25Low $18.00

Rating distribution

7 ratings
Strong buy00%
Buy686%
Hold114%
Sell00%
Strong sell00%

Recent analyst actions

6 institutions
WedbushmaintainOutperform

RGTI news

fool.com

Rigetti Computing's COO Sells Over 9,000 Company Shares. What Does That Mean for Investors?

The disposal of 9,038 shares was executed at a weighted average price of $16.79 per share, totaling ~$152,000. The transaction reduced the insider's direct equity position by 3% of previous holdings.

Read source
fool.com

Reddit vs. Rigetti Computing: Which High-Growth Stock Is a Better Buy in 2026, the Social Media Giant or Rising Quantum Computing Company?

Reddit has reached profitability with a 24.1% net margin and strong revenue growth. Rigetti Computing is a high-risk pioneer in quantum hardware with heavy reliance on government funding.

Read source
fool.com

Why Did Rigetti Quantum Stock Pop Today?

BMO Capital analyst Harsh Kumar recommended buying D-Wave Quantum stock today. He did not recommend buying Rigetti -- but Rigetti stock is going up even more than D-Wave.

Read source
247wallst.com

Infleqtion Soars 10%, Rigetti Jumps 9%, IonQ Climbs 7%: What's Driving Quantum Computing Stocks Now?

Friday's tape in quantum computing reveals how to own the theme.

Read source
zacks.com

RGTI's Q2 Revenues Soared 185.3% but Losses Widened: What Comes Next?

Rigetti's Q2 revenues jumped 185.3% on Novera hardware sales, but widening losses and customer concentration keep the next system delivery in focus.

Read source
zacks.com

Is RGTI Worth Buying as Quantum Growth Meets a 98.7x Sales Multiple?

Rigetti's 185.3% revenue growth and $541.3M liquidity show traction, but a 104.7X sales multiple, widening losses and customer concentration raise risks.

Read source

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ETFs holding RGTI

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
150.22M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
137.14M
Weight
0.17%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
108.55M
Weight
0.06%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
79.53M
Weight
0.05%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
68.93M
Weight
0.10%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Defiance Quantum ETF logoDefiance Quantum ETFQTUM
Market value
60.54M
Weight
1.07%
AUM
5.63B USD
Expense ratio
0.40%
Price / 1D
$150.47+0.85%
State Street SPDR S&P Semiconductor ETF logoState Street SPDR S&P Semiconductor ETFXSD
Market value
59.36M
Weight
2.22%
AUM
2.67B USD
Expense ratio
0.35%
Price / 1D
$498.23+0.30%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
57.27M
Weight
0.06%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%

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