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

Risk via 10d forecast
Volatility 125%
Value at Risk 5%th 172%
Reward
Sharpe Ratio 2.56
Alpha 974.21
Character
Hurst Exponent 0.514
Beta 1.647
Drawdowns 3y
Max DD 78.83%
Mean DD 46.11%

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 10,947m
Sub-Industry Electronic Equipment & Instruments
IPO / Inception 2021-04-22
Return 12m vs S&P 500 1,689%
Analyst Rating 4.83 of 5

RGTI Dividends

Currently no dividends paid

RGTI Growth Ratios

CAGR 205.22%
CAGR/Max DD Calmar Ratio 2.60
CAGR/Mean DD Pain Ratio 4.45
Current Volume 38866k
Average Volume 82535.1k

Piotroski VR‑10 (Strict, 0-10) 1.0

Net Income (-164.8m TTM) > 0 and > 6% of Revenue (6% = 475.5k TTM)
FCFTA -0.10 (>2.0%) and ΔFCFTA 23.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 5339 % (prev 666.5%; Δ 4673 pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.08 (>3.0%) and CFO -53.8m > Net Income -164.8m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 41.57 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (298.3m) change vs 12m ago 73.50% (target <= -2.0% for YES)
Gross Margin 40.57% (prev 40.03%; Δ 0.54pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 1.98% (prev 7.77%; Δ -5.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -179.7 (EBITDA TTM -204.6m / Interest Expense TTM 1.18m) >= 6 (WARN >= 3)

Altman Z'' -8.97

(A) 0.66 = (Total Current Assets 433.6m - Total Current Liabilities 10.4m) / Total Assets 636.7m
(B) -0.87 = Retained Earnings (Balance) -551.8m / Total Assets 636.7m
(C) -0.53 = EBIT TTM -211.9m / Avg Total Assets 399.6m
(D) -6.61 = Book Value of Equity -551.6m / Total Liabilities 83.4m
Total Rating: -8.97 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 31.54

1. Piotroski 1.0pt = -4.0
2. FCF Yield -0.60% = -0.30
3. FCF Margin data missing
4. Debt/Equity 0.01 = 2.50
5. Debt/Ebitda 0.24 = 2.46
6. ROIC - WACC (= -94.91)% = -12.50
7. RoE -65.29% = -2.50
8. Rev. Trend -67.33% = -5.05
9. EPS Trend 18.63% = 0.93

What is the price of RGTI shares?

As of November 12, 2025, the stock is trading at USD 33.08 with a total of 38,865,972 shares traded.
Over the past week, the price has changed by -10.74%, over one month by -42.82%, over three months by +96.50% and over the past year by +1965.79%.

Is Rigetti Computing a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Rigetti Computing (NASDAQ:RGTI) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 31.54 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of RGTI is around 31.23 USD . This means that RGTI is currently overvalued and has a potential downside of -5.59%.

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 33.5 1.3%
Analysts Target Price 33.5 1.3%
ValueRay Target Price 35.9 8.5%

RGTI Fundamental Data Overview November 11, 2025

Market Cap USD = 10.95b (10.95b USD * 1.0 USD.USD)
P/S = 1381.3323
P/B = 20.7414
Beta = 1.647
Revenue TTM = 7.92m USD
EBIT TTM = -211.9m USD
EBITDA TTM = -204.6m USD
Long Term Debt = 8.01m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.20m USD (from shortTermDebt, last quarter)
Debt = 8.01m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -49.2m USD (from netDebt column, last quarter)
Enterprise Value = 10.90b USD (10.95b + Debt 8.01m - CCE 57.2m)
Interest Coverage Ratio = -179.7 (Ebit TTM -211.9m / Interest Expense TTM 1.18m)
FCF Yield = -0.60% (FCF TTM -65.6m / Enterprise Value 10.90b)
FCF Margin = -827.3% (FCF TTM -65.6m / Revenue TTM 7.92m)
Net Margin = -2080 % (Net Income TTM -164.8m / Revenue TTM 7.92m)
Gross Margin = 40.57% ((Revenue TTM 7.92m - Cost of Revenue TTM 4.71m) / Revenue TTM)
Gross Margin QoQ = 31.43% (prev 30.03%)
Tobins Q-Ratio = 17.12 (Enterprise Value 10.90b / Total Assets 636.7m)
Interest Expense / Debt = 14.72% (Interest Expense 1.18m / Debt 8.01m)
Taxrate = -0.0% (0.0 / -39.7m)
NOPAT = -211.9m (EBIT -211.9m * (1 - -0.00%)) [loss with tax shield]
Current Ratio = 41.57 (Total Current Assets 433.6m / Total Current Liabilities 10.4m)
Debt / Equity = 0.01 (Debt 8.01m / totalStockholderEquity, last quarter 553.3m)
Debt / EBITDA = 0.24 (negative EBITDA) (Net Debt -49.2m / EBITDA -204.6m)
Debt / FCF = 0.75 (negative FCF - burning cash) (Net Debt -49.2m / FCF TTM -65.6m)
Total Stockholder Equity = 252.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -25.89% (Net Income -164.8m / Total Assets 636.7m)
RoE = -65.29% (Net Income TTM -164.8m / Total Stockholder Equity 252.5m)
RoCE = -81.34% (EBIT -211.9m / Capital Employed (Equity 252.5m + L.T.Debt 8.01m))
RoIC = -82.83% (negative operating profit) (NOPAT -211.9m / Invested Capital 255.8m)
WACC = 12.08% (E(10.95b)/V(10.96b) * Re(12.08%) + D(8.01m)/V(10.96b) * Rd(14.72%) * (1-Tc(-0.0)))
Discount Rate = 12.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 45.68%
Fair Price DCF = unknown (Cash Flow -65.6m)
EPS Correlation: 18.63 | EPS CAGR: 12.16% | SUE: 0.20 | # QB: 0
Revenue Correlation: -67.33 | Revenue CAGR: -14.87% | SUE: -0.13 | # QB: 0

Additional Sources for RGTI Stock

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