Rigetti Computing, Inc. RGTI R2KAI
Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Revenue declined at -18.5% CAGR over 5 years.
- Earnings shrank at -67.4% CAGR over 5 years.
- Trading 54.7% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RGTI Rigetti Computing, Inc. R2KAI | 25.54 | - | $8.49B | - | -33.04% | -57.09% | -18.52% | -67.43% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Quarterly Results
Figures in USD.
| Metric | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.36M | 1.54M | 2.92M | 2.10M | 2.13M | 2.80M | 2.20M | - | - | - | - | - | - | 1.47M | 1.80M | 1.95M | 1.87M | 4.40M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03M | 1.24M | 1.54M | 1.22M | 3.02M |
| Gross Profit | 2.09M | 1.18M | 2.47M | 1.69M | 1.26M | 2.03M | 1.69M | 2.73M | 2.27M | 1.50M | 1.99M | 1.20M | - | 442.00K | 566.00K | 404.00K | 652.00K | 1.38M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 22.07M | 20.45M | 20.95M | 23.25M | 27.33M |
| Operating Income | -7.68M | -9.68M | -9.17M | -25.27M | -25.76M | -31.32M | -22.02M | -16.24M | -16.83M | -16.59M | -16.09M | -17.35M | - | -21.63M | -19.88M | -20.55M | -22.60M | -25.95M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -19.80M | -37.76M | -198.89M | -15.84M | -23.34M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 446.00K | 0 | 0 | 0 | 0 | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.62M | -39.65M | -200.97M | -18.21M | 33.11M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 |
| Net Income | -7.79M | -10.07M | -9.76M | -17.64M | -12.25M | -18.75M | -23.35M | -16.97M | -22.21M | -20.77M | -12.42M | -14.83M | - | 42.62M | -39.65M | -200.97M | -18.21M | 33.11M |
| Diluted EPS | - | -0.46 | -0.43 | -0.33 | -0.11 | -0.16 | -0.19 | -0.13 | -0.17 | -0.14 | -0.07 | -0.08 | - | 0.13 | -0.13 | -0.62 | -0.06 | -0.06 |
| R&D Expense | 6.93M | 7.50M | 7.48M | 13.93M | 12.75M | 17.36M | 13.71M | 13.22M | 13.06M | 11.47M | 11.87M | 12.75M | - | 15.46M | 13.52M | 15.02M | - | 19.96M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 8.20M | 13.10M | 12.01M | 10.79M | 7.09M |
| Cost of Revenue | - | 2.87M | 2.80M | 5.09M | 5.02M |
| Gross Profit | 6.57M | 10.23M | 9.21M | 5.70M | 2.06M |
| Operating Expenses | - | 113.93M | 80.51M | 74.21M | 86.72M |
| Operating Income | -34.13M | -103.70M | -71.30M | -68.51M | -84.66M |
| EBITDA | - | -59.22M | -61.90M | -190.83M | -208.04M |
| Interest Expense | - | 5.29M | 5.78M | 3.25M | 0 |
| Pretax Income | - | -71.52M | -75.11M | -200.99M | -216.21M |
| Tax Provision | - | 0 | 0 | 0 | 0 |
| Net Income | -38.24M | -71.52M | -75.11M | -200.99M | -216.21M |
| Diluted EPS | -1.64 | -0.70 | -0.57 | -1.09 | -0.70 |
| R&D Expense | 26.93M | 59.95M | 52.77M | 49.75M | 61.34M |
Compounded Sales Growth
| 5 Years: | -18.52% |
| 1 Year: | 198.90% |
Compounded Profit Growth
| 5 Years: | -67.43% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +110.90% |
| 6 Months: | -2.07% |
| 3 Months: | +46.61% |
| 1 Month: | +58.83% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2020 | Jan 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | 43.31K | - | 46.43M | 203.44M | 159.91M | 284.79M | 666.57M |
| Current Assets | - | - | - | 154.47M | 107.67M | 206.76M | 454.76M |
| Cash & Equivalents | - | - | 11.73M | 57.89M | 21.39M | 67.67M | 44.85M |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | - | 6.24M | 5.03M | 2.43M | 2.55M |
| Total Liabilities | 33.00K | - | 36.43M | 53.22M | 50.33M | 158.20M | 120.38M |
| Current Liabilities | 33.00K | - | 7.57M | 21.75M | 29.05M | 11.87M | 12.15M |
| Long Term Debt | - | - | - | 20.64M | 9.89M | - | - |
| Total Debt | - | - | - | 39.14M | 30.57M | 8.80M | 7.17M |
| Total Equity | 0 | -35.42M | -71.53M | 150.22M | 109.59M | 126.59M | 546.20M |
| Shares Outstanding | - | - | - | 125.26M | 147.07M | 283.55M | 331.28M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -29.04M | -62.69M | -50.58M | -50.63M | -58.54M |
| Investing Cash Flow | -7.01M | -107.02M | 773.00K | -78.36M | -403.33M |
| Financing Cash Flow | 25.58M | 215.45M | 13.23M | 175.46M | 439.09M |
| Capital Expenditure | -7.01M | -22.74M | -9.06M | -11.10M | -18.68M |
| Free Cash Flow | -36.05M | -85.43M | -59.64M | -61.73M | -77.22M |
| Net Change in Cash | - | 45.74M | -36.58M | 46.47M | -22.79M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | 80.2% | 78.1% | 76.7% | 52.8% | 29.1% |
| Operating Margin % | -416.4% | -791.5% | -593.8% | -634.9% | -1,194.4% |
| Net Margin % | -466.6% | -545.9% | -625.5% | -1,862.7% | -3,050.4% |
| ROE % | 53.5% | -47.6% | -68.5% | -158.8% | -39.6% |
| ROCE % | -87.8% | -57.1% | -54.5% | -25.1% | -12.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.65% | 25.44M | $649.62M |
| 2 | Vanguard Portfolio Management LLC | 5.86% | 19.47M | $497.17M |
| 3 | Vanguard Capital Management LLC | 4.29% | 14.26M | $364.16M |
| 4 | Shaw D.E. & Co., Inc. | 4.19% | 13.92M | $355.57M |
| 5 | State Street Corporation | 3.05% | 10.14M | $258.93M |
| 6 | Geode Capital Management, LLC | 2.45% | 8.13M | $207.58M |
| 7 | UBS Group AG | 1.46% | 4.85M | $123.83M |
| 8 | Defiance Etfs, LLC | 1.40% | 4.65M | $118.77M |
| 9 | Morgan Stanley | 1.17% | 3.88M | $99.06M |
| 10 | Unicom Systems, Inc. | 1.06% | 3.52M | $89.95M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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