Overview Dividends

(RGTI) Rigetti Computing - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US76655K1034

Quantum Processors, QPU, Cloud, QCaaS

EPS (Earnings per Share)

EPS Growth (3y CAGR): 10.37%
EPS Trend (3y Corr): 16.5%

Last SUE: 0.07σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): -33.83%
Revenue Trend (3y Corr): -76.6%

Last SUE: -0.53σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	122%
Value at Risk 5%th	169%
Relative Tail Risk	-15.92%

Reward TTM
Sharpe Ratio	2.43
Alpha	973.32

Character TTM
Hurst Exponent	0.447
Beta	2.557
Beta Downside	2.302

Drawdowns 3y
Max DD	78.83%
Mean DD	46.51%
Median DD	50.99%

Description: RGTI Rigetti Computing November 06, 2025

Rigetti Computing, Inc. (NASDAQ:RGTI) designs and manufactures superconducting quantum processors and delivers them as cloud-based quantum-computing-as-a-service (QCaaS). Its product lineup includes the 9-qubit “Novera” QPU and the 84-qubit “Ankaa-3” system, both accessed via public or private cloud interfaces and supported by a proprietary quantum operating system.

The firm also monetizes professional services such as algorithm development, benchmarking, and custom quantum-application programming for commercial enterprises, U.S. and foreign government agencies, and research institutions. Founded in 2013 and headquartered in Berkeley, California, Rigetti operates globally across the United States, Europe, and Asia.

Key recent metrics: Q1 2024 revenue rose 28% year-over-year to $12.3 million, while cash and cash equivalents stood at roughly $210 million, giving the company a runway of over 18 months at its current burn rate. R&D expenses continue to consume about 55% of total spend, reflecting the capital-intensive nature of quantum-hardware development. The broader quantum-computing market is projected to grow at a CAGR of ~30% through 2030, driven by escalating U.S. federal research funding (e.g., the $1.2 billion National Quantum Initiative) and growing corporate interest in quantum-enhanced optimization.

For a deeper quantitative assessment, consult ValueRay’s detailed RGTI valuation dashboard to see how these drivers translate into forward-looking price targets.

RGTI Stock Overview

Market Cap in USD	8,148m
Sub-Industry	Electronic Equipment & Instruments
IPO / Inception	2021-04-22
Return 12m vs S&P 500	1,641%
Analyst Rating	4.83 of 5

RGTI Dividends

Currently no dividends paid

RGTI Growth Ratios

Metric	Value
CAGR 3y	171.56%
CAGR/Max DD Calmar Ratio	2.18
CAGR/Mean DD Pain Ratio	3.69
Current Volume	43847.1k
Average Volume	64001.3k

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income (-351.0m TTM) > 0 and > 6% of Revenue (6% = 449.6k TTM)

FCFTA -0.11 (>2.0%) and ΔFCFTA 31.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 5934 % (prev 693.0%; Δ 5241 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.08 (>3.0%) and CFO -52.2m > Net Income -351.0m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 39.22 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (325.0m) change vs 12m ago 72.53% (target <= -2.0% for YES)

Gross Margin 32.23% (prev 33.50%; Δ -1.28pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 1.90% (prev 7.56%; Δ -5.66pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -885.6 (EBITDA TTM -387.4m / Interest Expense TTM 446.0k) >= 6 (WARN >= 3)

Altman Z'' -9.06

(A) 0.71 = (Total Current Assets 456.3m - Total Current Liabilities 11.6m) / Total Assets 630.3m

(B) -1.19 = Retained Earnings (Balance) -752.8m / Total Assets 630.3m

warn (B) unusual magnitude: -1.19 — check mapping/units

(D) -2.91 = Book Value of Equity -752.0m / Total Liabilities 258.4m

Total Rating: -9.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 42.14

1. Piotroski 0.0pt = -5.0

2. FCF Yield -0.88% = -0.44

3. FCF Margin data missing

4. Debt/Equity 0.02 = 2.50

5. Debt/Ebitda 0.05 = 2.50

7. RoE -111.5% = -2.50

8. Rev. Trend -76.59% = -5.74

9. EPS Trend 16.52% = 0.83

What is the price of RGTI shares?

As of November 19, 2025, the stock is trading at USD 25.71 with a total of 43,847,109 shares traded.
Over the past week, the price has changed by -18.12%, over one month by -40.64%, over three months by +54.60% and over the past year by +1877.69%.

Is RGTI a buy, sell or hold?

Rigetti Computing has received a consensus analysts rating of 4.83. Therefore, it is recommended to buy RGTI.

Strong Buy: 5
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the RGTI price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	40.5	57.5%
Analysts Target Price	40.5	57.5%
ValueRay Target Price	26.9	4.7%

RGTI Fundamental Data Overview November 19, 2025

Market Cap USD = 8.15b (8.15b USD * 1.0 USD.USD)
P/S = 1087.3158
P/B = 22.6156
Beta = 1.647
Revenue TTM = 7.49m USD
EBIT TTM = -395.0m USD
EBITDA TTM = -387.4m USD
Long Term Debt = 7.60m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.22m USD (from shortTermDebt, last quarter)
Debt = 7.60m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -18.5m USD (from netDebt column, last quarter)
Enterprise Value = 7.71b USD (8.15b + Debt 7.60m - CCE 447.0m)
Interest Coverage Ratio = -885.6 (Ebit TTM -395.0m / Interest Expense TTM 446.0k)
FCF Yield = -0.88% (FCF TTM -67.6m / Enterprise Value 7.71b)
FCF Margin = -901.7% (FCF TTM -67.6m / Revenue TTM 7.49m)
Net Margin = -4683 % (Net Income TTM -351.0m / Revenue TTM 7.49m)
Gross Margin = 32.23% ((Revenue TTM 7.49m - Cost of Revenue TTM 5.08m) / Revenue TTM)
Gross Margin QoQ = 20.75% (prev 31.43%)
Tobins Q-Ratio = 12.23 (Enterprise Value 7.71b / Total Assets 630.3m)
Interest Expense / Debt = 5.87% (Interest Expense 446.0k / Debt 7.60m)
Taxrate = -0.0% (0.0 / -201.0m)
NOPAT = -395.0m (EBIT -395.0m * (1 - -0.00%)) [loss with tax shield]
Current Ratio = 39.22 (Total Current Assets 456.3m / Total Current Liabilities 11.6m)
Debt / Equity = 0.02 (Debt 7.60m / totalStockholderEquity, last quarter 371.8m)
Debt / EBITDA = 0.05 (negative EBITDA) (Net Debt -18.5m / EBITDA -387.4m)
Debt / FCF = 0.27 (negative FCF - burning cash) (Net Debt -18.5m / FCF TTM -67.6m)
Total Stockholder Equity = 314.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -55.68% (Net Income -351.0m / Total Assets 630.3m)
RoE = -111.5% (Net Income TTM -351.0m / Total Stockholder Equity 314.7m)
RoCE = -122.6% (out of range, set to none) (EBIT -395.0m / Capital Employed (Equity 314.7m + L.T.Debt 7.60m))
RoIC = -125.5% (out of range, set to none) (NOPAT -395.0m / Invested Capital 314.7m)
WACC = 15.43% (E(8.15b)/V(8.16b) * Re(15.44%) + D(7.60m)/V(8.16b) * Rd(5.87%) * (1-Tc(-0.0)))
Discount Rate = 15.44% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 52.08%
Fair Price DCF = unknown (Cash Flow -67.6m)
EPS Correlation: 16.52 | EPS CAGR: 10.37% | SUE: 0.07 | # QB: 0
Revenue Correlation: -76.59 | Revenue CAGR: -33.83% | SUE: -0.53 | # QB: 0

Additional Sources for RGTI Stock

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