Rigetti Computing, Inc.

NasdaqCM:RGTI Stock Report

Market Cap: US$3.2b

Rigetti Computing Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Subodh Kulkarni

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage28.0%
CEO tenure2yrs
CEO ownershipn/a
Management average tenure1.8yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

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

CEO Compensation Analysis

How has Subodh Kulkarni's remuneration changed compared to Rigetti Computing's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$61m

Jun 30 2024n/an/a

-US$68m

Mar 31 2024n/an/a

-US$73m

Dec 31 2023US$2mUS$579k

-US$75m

Sep 30 2023n/an/a

-US$85m

Jun 30 2023n/an/a

-US$82m

Mar 31 2023n/an/a

-US$77m

Dec 31 2022US$2mUS$17k

-US$72m

Compensation vs Market: Subodh's total compensation ($USD2.07M) is below average for companies of similar size in the US market ($USD6.65M).

Compensation vs Earnings: Subodh's compensation has increased whilst the company is unprofitable.


CEO

Subodh Kulkarni (59 yo)

2yrs

Tenure

US$2,066,690

Compensation

Dr. Subodh K. Kulkarni, Ph.D. serves as Chief Executive Officer and President of Rigetti Computing, Inc. from December 12, 2022 and serves as its Director since December 15, 2022. He had been the Chief Exe...


Leadership Team

NamePositionTenureCompensationOwnership
Subodh Kulkarni
CEO, President & Director2yrsUS$2.07mno data
David Rivas
Chief Technology Officer1.8yrsUS$788.74k0.45%
$ 14.1m
Jeffrey Bertelsen
Chief Financial Officer1.8yrsno datano data
Jackie Kaweck
Senior Vice President of Human Resources3.3yrsno datano data
Mike Pelstring
Senior Vice President of Engineeringno datano datano data
Andrew Bestwick
Senior Vice President of Quantum Systemsless than a yearno datano data

1.8yrs

Average Tenure

61yo

Average Age

Experienced Management: RGTI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Subodh Kulkarni
CEO, President & Director2yrsUS$2.07mno data
Cathy McCarthy
Independent Director2.8yrsUS$209.69k0.029%
$ 911.6k
Ray Johnson
Independent Director2.8yrsUS$186.21k0.10%
$ 3.3m
Thomas Iannotti
Independent Chairman of Board1.2yrsUS$854.57kno data
Michael Clifton
Independent Director2.8yrsUS$195.90k0.28%
$ 8.9m
Alissa Fitzgerald
Independent Director2.8yrsUS$194.32k0.000010%
$ 317.9
H. Sandford
Independent Director2.8yrsUS$197.66k0.036%
$ 1.2m

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: RGTI's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 21:36
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

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.