Rigetti Computing, Inc.

RGTI Technology Computer Hardware

Rigetti Computing, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.1 million, down 34.3% from fiscal 2024.

Revenue
+185.3%
EPS
−23.1%
Free cash flow
−27.2%

Quarter to June 2026, against a year earlier

11.25 0.81 −6.72%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
−46.4×
Dividend yield
—
F-score
4/9
Altman Z
32.97
Beneish M
−2.43
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 28.88
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 1 — 2 — 4 2 — 3 2 — —
Insider Ownership 1.89%

Capital & Financial Ratios $m

Size
Market Cap 4,030.00
Revenue ttm 13.35
Net income ttm (238.67)
Free cash flow ttm (87.58)
Net debt Q (393.71)
Valuation
P/E 0.00
Forward P/E (46.40) (negative: loss-making)
Price / sales 279.99 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 6.96 (above 6: high)
Financial health
Current ratio Q 3.94 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (41.47)
Growth
Revenue growth Q +185.29% (above 0%: growing)
Operating income growth Q −41.14% (below 0%: shrinking)
EPS, this year −17.61% (below 0%: weak)
EPS, next year A −3.38% (below 0%: weak)
Revenue, next year A +228.16% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A −4.82% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 69.62%
10-year low 10-year high
P/B against its own 10 years 59.91%
10-year low 10-year high
EV/Sales against its own 10 years 66.32%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 100 192 444 394
Receivables 5 2 3 4
Inventory — — — —
Other 1 9 6 13
108 207 455 414
2023 2024 2025 Q'26
Payables 6 2 3 14
ST’ Debt 12 — — —
Other — — — 78
29 12 12 105

Compound Annual Growth %

10y 5y 3y
Sales — — (18.52%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 780.85% 53.77%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.10 (0.16) — — —
’25 0.13 (0.13) (0.62) (0.06) (0.70)
’24 (0.14) (0.07) (0.08) (0.68) (1.09)
’23 (0.19) (0.13) (0.17) (0.09) (0.57)
’22 (0.33) (0.09) (0.16) (0.19) (0.70)
’21 (0.36) (0.46) (0.43) (0.39) (1.64)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 4 5 — — —
’25 1 2 2 2 7
’24 3 3 2 2 11
’23 2 3 3 3 12
’22 2 2 3 6 13
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (16) (16) — — —
’25 (14) (16) (14) (15) (59)
’24 (13) (14) (15) (9) (51)
’23 (16) (18) (5) (12) (51)
’22 (16) (19) (13) (14) (63)
’21 (6) (8) (8) (7) (29)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (21) (28) — — —
’25 (16) (22) (20) (19) (77)
’24 (19) (16) (18) (10) (62)
’23 (20) (19) (6) (14) (60)
’22 (19) (27) (22) (18) (85)
’21 (7) (11) (10) (8) (36)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — 8 13 12 11 7 13 (3.6%) 23 44 83 +127.5%
Gross margin, % — — — — — 80.20 78.07 76.68 52.80 29.12 34.61 (51.1) pt
EBT — — — — (25) (38) (72) (75) (201) (216) (239) +53.5%
EBT margin, % — — — — 0.00 (466.58) (545.88) (625.47) (1,862.72) (3,050.37) (1,787.40) (3,050.4) pt
Net income — 0 — — (25) (38) (72) (75) (201) (216) (239) n/m
Per share, $
Per share, $ Revenue — — — — 0.00 0.35 0.13 0.09 0.06 0.02 0.04 n/m
Earnings — — — — (2.07) (1.64) (0.70) (0.57) (1.09) (0.70) (0.74) (19.5%)
Cash flow — — — — (0.04) (1.24) (0.61) (0.38) (0.27) (0.19) (0.18) +36.3%
Capex — — — — 0.00 (0.30) (0.22) (0.07) (0.06) (0.06) (0.08) n/m
Free cash flow — — — — (0.04) (1.54) (0.83) (0.45) (0.33) (0.25) (0.26) +44.0%
Book value — — — — 0.00 0.43 1.47 0.83 0.69 1.76 1.61 +366.3%
Shares, m — — — — 12 23 102 132 185 310 325 +90.9%
Valuation, ×
Valuation, × P/E — — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — — 29.30 5.70 10.11 261.17 968.01 279.99 254.9
P/B — — — — — 0.00 0.50 1.11 22.26 12.56 6.96 7.3
EV/Sales — — — — — 30.89 (2.99) 3.63 244.60 907.31 251.50 236.7
EV/FCF — — — — — (7.02) 0.46 (0.73) (42.76) (83.28) (38.34) (26.7)
Cash, $m
Cash, $m Operating cash flow — — — — 0 (29) (63) (51) (51) (59) (61) +160.1%
Capex — — — — — (7) (23) (9) (11) (19) (27) +27.8%
Free cash flow — — — — 0 (36) (85) (60) (62) (77) (88) +174.9%
Balance, $m
Balance, $m Working capital — — — — 0 11 133 79 195 443 309 n/m
Net debt — — — — (1) 13 (114) (78) (192) (444) (394) +233.2%
Shareholders’ equity — — — — 0 10 150 110 127 546 537 +780.9%
Returns, %
Returns, % ROA — — — — (117,232.79) (164.58) (57.25) (41.34) (90.39) (45.45) (37.15) +117,187.3 pt
ROIC — — — — 0.00 (92.51) (187.55) (142.46) 0.00 (51.53) (42.25) (51.5) pt
ROE — — — — (17.00) 106.94 (181.77) (57.82) (170.20) (64.27) (43.77) (47.3) pt
People
People Employees — — — — — — 144 134 140 164 — +4.4%
Revenue/emp, $m — — — — — 0.00 0.09 0.09 0.08 0.04 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Rigetti Computing, Inc. vs peers in Computer Hardware (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IONQ IonQ, Inc. $13.6B — (loss-making) — (loss-making) +286.83% (above 0%: growing) n/m −110.77% (below 0%: shrinking) 24.91% (421.29%) Compare
LOGI Logitech International S.A. $13.6B 17.3× — +6.93% (above 0%: growing) +65.66% (above 0%: growing) +37.82% (above 0%: growing) 49.54% 21.07% Compare
QBTS D-Wave Quantum Inc. $4.4B — (loss-making) — (loss-making) −0.61% (below 0%: shrinking) n/m −105.81% (below 0%: shrinking) 55.40% (1,732.05%) Compare
RGTI Rigetti Computing, Inc. $4.0B — (loss-making) — (loss-making) +185.29% (above 0%: growing) n/m −27.18% (below 0%: shrinking) 42.58% (546.17%)
IQMX IQM Quantum Computers Oyj $1.7B — (loss-making) — — n/m 0.00% — 0.00% Compare
QUBT Quantum Computing Inc. $1.5B — (loss-making) — (loss-making) +34.04% (above 0%: growing) n/m −62.17% (below 0%: shrinking) (8,323.61%) 0.00% Compare
CRSR Corsair Gaming, Inc. $1.5B 40.8× 48.8× −1.80% (below 0%: shrinking) n/m +162.25% (above 0%: growing) 33.18% 2.42% Compare
ADIG ADI Global Distribution Inc $1.3B — — — — — 22.71% 1.94% Compare
CRCT Cricut, Inc. $1.3B 14.2× — (loss-making) −9.20% (below 0%: shrinking) +58.33% (above 0%: growing) +34.12% (above 0%: growing) 74.48% 30.34% Compare
Median of peers $1.6B 17.3× — +3.16% — 0.00% 33.18% 0.97%

All 46 Computer Hardware stocks →

Rigetti Computing, Inc. (RGTI) Latest News

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