Rigetti Computing Inc

Rigetti Computing Inc

RGTI · NASDAQ · Technology / Computer Hardware

9.62USD-0.71 (-6.87%)

Price History

Full chart

Market Stats

Previous Close10.33
Open10.30
Day Range9.45 – 10.30
52-Week Range9.19 – 34.71
Volume16.78M
Market Cap3.29B
P/E (TTM)0.00
Forward P/E0.00
EPS-0.80
Dividend Yield0.00%
Beta2.15
50-Day Avg14.06
200-Day Avg16.89

About

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.

Company Details

  • SectorTechnology
  • IndustryComputer Hardware
  • CEODr. Subodh K. Kulkarni Ph.D.
  • Employees162
  • Headquarters775 Heinz Avenue, Berkeley, CA, United States, 94710, USA
  • Websitehttps://www.rigetti.com

Leadership

  • Dr. Subodh K. Kulkarni Ph.D.CEO, President & Director · b. 1965
  • Mr. Jeffrey A. BertelsenChief Financial Officer · b. 1963
  • Mr. David RivasChief Operating Officer · b. 1961
  • Dr. Andrew BestwickChief Technology Officer
  • Ms. Jackie KaweckSenior Vice President of Human Resources
  • Mr. Luke KuipersCorporate Secretary

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue735.48K5.54M8.20M13.10M12.01M10.79M7.09M
Growth (%)-+653.60%+47.87%+59.86%-8.35%-10.14%-34.31%
Cost of Revenue288.16K1.49M6.27M2.87M2.80M5.09M13.19M
Gross Profit447.32K4.05M1.92M10.23M9.21M5.70M-6.11M
Gross Margin60.82%73.09%23.45%78.07%76.68%52.80%-86.13%
Operating Expense48.15M39.14M36.05M119.31M81.50M74.21M78.56M
Operating Income-47.70M-35.09M-34.13M-109.08M-72.30M-68.51M-84.66M
Operating Margin-6485.81%-633.13%-416.41%-832.54%-602.06%-634.94%-1194.41%
EBITDA-43.76M-30.79M-31.13M-59.22M-61.90M-190.83M-208.04M
EBITDA Margin-5949.85%-555.56%-379.76%-451.98%-515.51%-1768.55%-2935.12%
Net Income-53.82M-17.21M-38.24M-71.52M-75.11M-200.99M-216.21M
Net Income Margin-7317.15%-310.42%-466.58%-545.88%-625.47%-1862.72%-3050.37%
R&D29.45M24.10M26.93M59.95M52.77M49.75M61.34M
R&D as % of Total Revenue4003.58%434.80%328.55%457.58%439.44%461.08%865.48%
Interest Expense--2.46M5.29M5.78M3.25M0
Interest Expense % of Total Revenue--30.08%40.34%48.13%30.17%0.00%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets27.49M49.68M46.43M203.44M159.91M284.79M666.57M
Total Liabilities155.90M85.11M36.43M53.22M50.33M158.20M120.38M
Total Equity-128.41M-35.43M9.99M150.22M109.59M126.59M546.20M
Cash308.71K22.20M11.73M57.89M21.39M67.67M44.85M
Total Debt26.89M-24.79M39.14M30.57M8.80M7.17M
Net Debt26.58M-22.20M13.06M-18.75M9.17M-58.87M-37.68M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-36.89M-30.07M-29.29M-62.69M-50.58M-50.63M-58.54M
Investing Cash Flow-2.94M-4.40M-7.01M-107.02M773.00K-78.36M-403.33M
Financing Cash Flow18.74M56.29M25.83M215.45M13.23M175.46M439.09M
Capital Expenditure3.09M4.40M7.01M22.74M9.06M11.10M18.68M
Free Cash Flow-39.98M-34.47M-36.30M-85.43M-59.64M-61.73M-77.22M
FCF to OCF108.39%114.64%123.93%136.27%117.91%121.92%131.90%

Earnings

Report DateJun 16, 2021Aug 13, 2021Nov 15, 2021Feb 23, 2022May 17, 2022Aug 11, 2022Nov 21, 2022Mar 28, 2023May 11, 2023Aug 10, 2023Nov 9, 2023Mar 15, 2024May 9, 2024Aug 8, 2024Nov 12, 2024Mar 5, 2025May 12, 2025Aug 12, 2025Nov 10, 2025Mar 5, 2026May 11, 2026Aug 6, 2026Nov 9, 2026Nov 10, 2026
EPS Estimate-----0.20-0.15-0.13-0.12-0.15-0.17-0.12-0.06-0.11-0.10-0.09-0.08-0.04-0.04-0.04-0.03-0.04-0.06-0.07-0.08
EPS Actual-0.03-0.060.11-0.56-0.33-0.09-0.16-0.19-0.19-0.13-0.17-0.04-0.14-0.07-0.08-0.68-0.08-0.06-0.03-0.03-0.04-0.16--
Surprise-----64.30%40.00%-23.08%-56.33%-26.67%23.53%-41.67%31.50%-27.27%30.00%12.56%-750.00%-100.00%-50.00%25.00%7.98%0.00%-166.67%--
Timing---After-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursPre-market-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hours

Key Statistics & Ratios

Market Cap3.29B
Enterprise Value2.90B
Trailing P/E0.00
Forward P/E0.00
Price / Sales246.21
Price / Book6.12
EPS-0.80
Book Value1.61
Revenue (TTM)13.35M
Gross Profit (TTM)4.62M
EBITDA-87.23M
Profit Margin0.00%
Operating Margin-546.17%
Return on Equity-43.77%
Return on Assets-9.45%
Shares Outstanding333.77M
Shares Float327.96M
Beta2.15
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 13 analystsTarget 27.69
  • Strong Buy
    8
  • Buy
    1
  • Hold
    4

Ownership Breakdown

Institutions
55.02%
Insiders
1.74%
Retail / Other
43.24%

Top Institutional Holders

  • BlackRock Inc
    28.53M8.55%
  • Vanguard Portfolio Management, LLC
    19.90M5.96%
  • Vanguard Capital Management, LLC
    14.43M4.32%
  • State Street Corp
    11.83M3.54%
  • Geode Capital Management, LLC
    8.67M2.60%
  • UBS Group AG
    6.48M1.94%
  • D. E. Shaw & Co LP
    5.36M1.61%
  • Morgan Stanley - Brokerage Accounts
    4.73M1.42%
  • Unicom Systems Inc
    3.52M1.06%
  • Defiance ETFs, LLC
    3.45M1.03%
  • Penserra Capital Management, LLC
    3.42M1.02%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    10.63M3.18%
  • iShares Russell 2000 ETF
    8.51M2.55%
  • Vanguard Small Cap Index
    7.51M2.25%
  • Vanguard Information Technology ETF
    5.32M1.60%
  • Vanguard MStar Small Cap Value Index
    4.89M1.46%
  • State Street® SPDR® S&P® Smcndctr ETF
    4.42M1.32%
  • Fidelity Small Cap Index
    3.67M1.10%
  • Defiance Quantum ETF
    3.40M1.02%
  • VanEck Quantum Cmptg ETF A USD Acc
    3.36M1.01%