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Rigetti Computing NasdaqCM:RGTI Stock Report

Last Price

US$9.10

Market Cap

US$2.6b

7D

21.3%

1Y

671.2%

Updated

13 Apr, 2025

Data

Company Financials +

Rigetti Computing, Inc.

NasdaqCM:RGTI Stock Report

Market Cap: US$2.6b

RGTI Stock Overview

Through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. More details

RGTI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Rewards

Revenue is forecast to grow 39.16% per year

Analysts in good agreement that stock price will rise by 64.8%

Risk Analysis

Highly volatile share price over the past 3 months compared to the US market

Shareholders have been substantially diluted in the past year

Significant insider selling over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years


Community vs My Fair Value

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Select a narrative for quick price alerts from the community, or create your own.

RGTI logo
Rigetti Computing
LO
LongTermer
Community Contributor

Rigetti Computing's Profit Margin Will Rise by Over 14.5%

The trajectory of quantum computing, particularly in the context of Rigetti Computing and the Quantum Benchmark Testing System (QBTS), could witness significant shifts. Trump's emphasis on "America First" policies might lead to increased funding for public-private partnerships and The Defense Advanced Research Projects Agency ( DARPA)'s R&D works in critical technologies, including quantum computing, as part of national security and technological supremacy initiatives.
View narrative
US$24.50
FV
62.9% undervalued intrinsic discount
193.90%
Revenue growth p.a.
3users have liked this narrative
0users have commented on this narrative
54users have followed this narrative
3 months ago author updated this narrative
View Rigetti Computing Community

Rigetti Computing, Inc. Competitors

Semtech

NasdaqGS:SMTC

US$2.3b

Allegro MicroSystems

NasdaqGS:ALGM

US$4.1b

Impinj

NasdaqGS:PI

US$1.9b

Silicon Laboratories

NasdaqGS:SLAB

US$2.9b

Price History & Performance

Summary of share price highs, lows and changes for Rigetti Computing
Historical stock prices
Current Share PriceUS$9.10
52 Week HighUS$21.42
52 Week LowUS$0.66
Beta1.42
1 Month Change-18.89%
3 Month Change50.41%
1 Year Change671.19%
3 Year Change43.53%
5 Year Changen/a
Change since IPO-8.08%

Recent News & Updates

Deep Analysis Shows Rigetti's High-Risk Growth Horizon (Rating Upgrade)

Mar 14

Recent updates

Deep Analysis Shows Rigetti's High-Risk Growth Horizon (Rating Upgrade)

Mar 14

Rigetti Computing: Quantum Hype Meets Market Reality - A Cautious Hold

Jan 24

Rigetti Computing: Out With AI, In With Quantum Computing

Jan 07

Rigetti Computing: Overvalued With A High Cash Burn Rate

Dec 23

Market Participants Recognise Rigetti Computing, Inc.'s (NASDAQ:RGTI) Revenues Pushing Shares 44% Higher

Nov 23
Market Participants Recognise Rigetti Computing, Inc.'s (NASDAQ:RGTI) Revenues Pushing Shares 44% Higher

The Rigetti Computing, Inc. (NASDAQ:RGTI) Analysts Have Been Trimming Their Sales Forecasts

Nov 15
The Rigetti Computing, Inc. (NASDAQ:RGTI) Analysts Have Been Trimming Their Sales Forecasts

Health Check: How Prudently Does Rigetti Computing (NASDAQ:RGTI) Use Debt?

Oct 17
Health Check: How Prudently Does Rigetti Computing (NASDAQ:RGTI) Use Debt?

Revenue Downgrade: Here's What Analysts Forecast For Rigetti Computing, Inc. (NASDAQ:RGTI)

Aug 17
Revenue Downgrade: Here's What Analysts Forecast For Rigetti Computing, Inc. (NASDAQ:RGTI)

Rigetti Computing, Inc.'s (NASDAQ:RGTI) Stock Retreats 29% But Revenues Haven't Escaped The Attention Of Investors

Aug 15
Rigetti Computing, Inc.'s (NASDAQ:RGTI) Stock Retreats 29% But Revenues Haven't Escaped The Attention Of Investors

Does Rigetti Computing (NASDAQ:RGTI) Have A Healthy Balance Sheet?

Jul 17
Does Rigetti Computing (NASDAQ:RGTI) Have A Healthy Balance Sheet?

Rigetti Computing, Inc.'s (NASDAQ:RGTI) Price In Tune With Revenues

Jun 21
Rigetti Computing, Inc.'s (NASDAQ:RGTI) Price In Tune With Revenues

Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Feb 28
Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors

Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Nov 11
Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing

Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

May 19
Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%

Rigetti Computing Matches IBM By Producing Deep Red

Sep 29

Rigetti announces new partnerships

Sep 16

Shareholder Returns

RGTIUS SemiconductorUS Market
7D21.3%15.8%5.4%
1Y671.2%4.1%3.6%

Return vs Industry: RGTI exceeded the US Semiconductor industry which returned 4.1% over the past year.

Return vs Market: RGTI exceeded the US Market which returned 3.6% over the past year.

Price Volatility

Is RGTI's price volatile compared to industry and market?
RGTI volatility
RGTI Average Weekly Movement25.8%
Semiconductor Industry Average Movement11.0%
Market Average Movement7.7%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market4.0%

Stable Share Price: RGTI's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: RGTI's weekly volatility (26%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2013139Subodh Kulkarniwww.rigetti.com

Rigetti Computing, Inc., through its subsidiaries, builds 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 through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCaaS.

Rigetti Computing, Inc. Fundamentals Summary

How do Rigetti Computing's earnings and revenue compare to its market cap?
RGTI fundamental statistics
Market capUS$2.60b
Earnings (TTM)-US$200.99m
Revenue (TTM)US$10.79m

241.1x

P/S Ratio

-12.9x

P/E Ratio

Is RGTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RGTI income statement (TTM)
RevenueUS$10.79m
Cost of RevenueUS$5.09m
Gross ProfitUS$5.70m
Other ExpensesUS$206.69m
Earnings-US$200.99m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.70
Gross Margin52.80%
Net Profit Margin-1,862.72%
Debt/Equity Ratio0%

How did RGTI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/13 09:08
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Rigetti Computing, Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian KinstlingerAlliance Global Partners
David WilliamsBenchmark Company
Craig EllisB. Riley Securities, Inc.