(RGTI) Rigetti Computing - Overview

Sector: Technology | Industry: Computer Hardware | Exchange: NASDAQ (USA) | Market Cap: 6.295m USD | Total Return: 54.7% in 12m

Quantum Processors, Cloud Computing, Software, Foundry Services
Total Rating 26
Safety 41
Buy Signal -1.16
Computer Hardware
Industry Rotation: +16.5
Market Cap: 6.29B
Avg Turnover: 475M
Risk 3d forecast
Volatility109%
VaR 5th Pctl16.8%
VaR vs Median-6.86%
Reward TTM
Sharpe Ratio0.88
Rel. Str. IBD59.3
Rel. Str. Peer Group56.5
Character TTM
Beta2.296
Beta Downside0.856
Hurst Exponent0.539
Drawdowns 3y
Max DD78.83%
CAGR/Max DD2.94
CAGR/Mean DD4.74
EPS (Earnings per Share) EPS (Earnings per Share) of RGTI over the last years for every Quarter: "2021-03": -0.03, "2021-06": -0.0567, "2021-09": 0.1082, "2021-12": -0.5619, "2022-03": -0.3286, "2022-06": -0.09, "2022-09": -0.16, "2022-12": -0.1876, "2023-03": -0.19, "2023-06": -0.13, "2023-09": -0.17, "2023-12": -0.0411, "2024-03": -0.14, "2024-06": -0.07, "2024-09": -0.0787, "2024-12": -0.68, "2025-03": -0.0759, "2025-06": -0.0536, "2025-09": -0.03, "2025-12": -0.03,
EPS CAGR: 17.38%
EPS Trend: 21.6%
Last SUE: 0.01
Qual. Beats: 0
Revenue Revenue of RGTI over the last years for every Quarter: 2021-03: 2.36, 2021-06: 1.54, 2021-09: 2.919, 2021-12: 1.377, 2022-03: 2.104, 2022-06: 2.134, 2022-09: 2.804, 2022-12: 6.06, 2023-03: 2.201, 2023-06: 3.327, 2023-09: 3.105, 2023-12: 3.376, 2024-03: 3.052, 2024-06: 3.086, 2024-09: 2.378, 2024-12: 2.274, 2025-03: 1.472, 2025-06: 1.801, 2025-09: 1.947, 2025-12: 1.868,
Rev. CAGR: -3.12%
Rev. Trend: -49.1%
Last SUE: -1.22
Qual. Beats: -1

Warnings

Share dilution 67.7% YoY

Altman Z'' -9.88 < 1.0 - financial distress zone

Choppy

Tailwinds

No distinct edge detected

Description: RGTI Rigetti Computing

Rigetti Computing, Inc. (NASDAQ: RGTI) is a vertically integrated quantum computing firm that designs and manufactures superconducting quantum processors. The company’s business model centers on Quantum Computing as a Service (QCaaS), providing cloud-based access to its hardware via the Rigetti Quantum Cloud Services platform. Its product portfolio includes the Novera QPU, the 36-qubit Cepheus system, and the 84-qubit Ankaa-3 architecture.

The company operates within the emerging quantum hardware sector, which utilizes qubits to perform calculations that exceed the capabilities of classical binary systems. Unlike software-only firms, Rigetti maintains its own Foundry Services to produce superconducting chips, allowing for direct control over the hardware development lifecycle and research applications for government and commercial clients.

For a detailed breakdown of the companys financial health and valuation metrics, consider reviewing the latest data on ValueRay.

Rigetti serves a diverse client base including national defense laboratories, academic institutions, and commercial enterprises. Beyond hardware access, the company provides professional services for algorithm development and quantum application programming, alongside its QCS Outpost software for system administration and monitoring.

Headlines to Watch Out For
  • Ankaa-3 system deployment benchmarks drive institutional adoption and hardware revenue growth
  • Quantum Cloud Services subscription growth scales recurring revenue and operating margins
  • Government defense and research grants provide essential non-dilutive capital and validation
  • High research and development spend accelerates cash burn and potential dilution risks
  • Superconducting qubit fidelity improvements determine competitive positioning against trapped ion rivals
Piotroski VR‑10 (Strict) 1.0
Net Income: -216.2m TTM > 0 and > 6% of Revenue
FCF/TA: -0.12 > 0.02 and ΔFCF/TA 10.09 > 1.0
NWC/Revenue: 6.24k% < 20% (prev 1.81k%; Δ 4.44k% < -1%)
CFO/TA -0.09 > 3% & CFO -58.5m > Net Income -216.2m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 37.42 > 1.5 & < 3
Outstanding Shares: last quarter (309.8m) vs 12m ago 67.74% < -2%
Gross Margin: 29.12% > 18% (prev 0.36%; Δ 2.88k% > 0.5%)
Asset Turnover: 1.49% > 50% (prev 3.79%; Δ -2.30% > 0%)
Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM)
Altman Z'' -9.88
A: 0.66 (Total Current Assets 454.8m - Total Current Liabilities 12.2m) / Total Assets 666.6m
B: -1.16 (Retained Earnings -771.0m / Total Assets 666.6m)
C: -0.56 (EBIT TTM -265.1m / Avg Total Assets 475.7m)
D: -6.40 (Book Value of Equity -769.9m / Total Liabilities 120.4m)
Altman-Z'' Score: -9.88 = D
Beneish M -1.91
DSRI: 1.60 (Receivables 2.55m/2.43m, Revenue 7.09m/10.8m)
GMI: 1.24 (GM 29.12% / 36.24%)
AQI: 2.50 (AQ_t 0.22 / AQ_t-1 0.09)
SGI: 0.66 (Revenue 7.09m / 10.8m)
TATA: -0.24 (NI -216.2m - CFO -58.5m) / TA 666.6m)
Beneish M-Score: -1.91 (Cap -4..+1) = B
What is the price of RGTI shares? As of May 16, 2026, the stock is trading at USD 17.85 with a total of 26,963,595 shares traded.
Over the past week, the price has changed by -5.76%, over one month by -6.59%, over three months by +14.50% and over the past year by +54.68%.
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.
  • StrongBuy: 5
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the RGTI price?
Analysts Target Price 29.7 66.6%
Rigetti Computing (RGTI) - Fundamental Data Overview as of 12 May 2026
P/S = 888.0678
P/B = 11.5244
Revenue TTM = 7.09m USD
EBIT TTM = -265.1m USD
EBITDA TTM = -256.9m USD
Long Term Debt = 7.17m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.23m USD (from shortTermDebt, last quarter)
Debt = 7.17m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -436.3m USD (recalculated: Debt 7.17m - CCE 443.5m)
Enterprise Value = 5.86b USD (6.29b + Debt 7.17m - CCE 443.5m)
 Interest Coverage Ratio = unknown (Ebit TTM -265.1m / Interest Expense TTM 0.0)
 EV/FCF = -75.87x (Enterprise Value 5.86b / FCF TTM -77.2m)
FCF Yield = -1.32% (FCF TTM -77.2m / Enterprise Value 5.86b)
 FCF Margin = -1.09k% (FCF TTM -77.2m / Revenue TTM 7.09m)
 Net Margin = -3.05k% (Net Income TTM -216.2m / Revenue TTM 7.09m)
 Gross Margin = 29.12% ((Revenue TTM 7.09m - Cost of Revenue TTM 5.02m) / Revenue TTM)
Gross Margin QoQ = 34.90% (prev 20.75%)
Tobins Q-Ratio = 8.79 (Enterprise Value 5.86b / Total Assets 666.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 7.17m)
Taxrate = 21.0% (US default 21%)
NOPAT = -209.4m (EBIT -265.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 37.42 (Total Current Assets 454.8m / Total Current Liabilities 12.2m)
Debt / Equity = 0.01 (Debt 7.17m / totalStockholderEquity, last quarter 546.2m)
 Debt / EBITDA = 1.70 (negative EBITDA) (Net Debt -436.3m / EBITDA -256.9m)
 Debt / FCF = 5.65 (negative FCF - burning cash) (Net Debt -436.3m / FCF TTM -77.2m)
 Total Stockholder Equity = 419.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -45.45% (Net Income -216.2m / Total Assets 666.6m)
RoE = -51.53% (Net Income TTM -216.2m / Total Stockholder Equity 419.6m)
RoCE = -62.11% (EBIT -265.1m / Capital Employed (Equity 419.6m + L.T.Debt 7.17m))
 RoIC = -49.91% (negative operating profit) (NOPAT -209.4m / Invested Capital 419.6m)
 WACC = 14.04% (E(6.29b)/V(6.30b) * Re(14.06%) + D(7.17m)/V(6.30b) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 14.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.67 | Cagr: 45.19%
 [DCF] Fair Price = unknown (Cash Flow -77.2m)
 EPS Correlation: 21.63 | EPS CAGR: 17.38% | SUE: 0.01 | # QB: 0
Revenue Correlation: -49.14 | Revenue CAGR: -3.12% | SUE: -1.22 | # QB: -1
EPS current Quarter (2026-06-30): EPS=-0.04 | Chg30d=+0.00% | Revisions=-43% | Analysts=7
EPS current Year (2026-12-31): EPS=-0.17 | Chg30d=+3.81% | Revisions=-20% | GrowthEPS=-9.0% | GrowthRev=+219.3%
EPS next Year (2027-12-31): EPS=-0.18 | Chg30d=+4.08% | Revisions=-25% | GrowthEPS=-3.8% | GrowthRev=+102.6%
[Analyst] Revisions Ratio: -43%