Rigetti Computing Past Earnings Performance
Past criteria checks 0/6
Rigetti Computing's earnings have been declining at an average annual rate of -18.1%, while the Semiconductor industry saw earnings growing at 20.7% annually. Revenues have been growing at an average rate of 25.4% per year.
Key information
-18.1%
Earnings growth rate
64.0%
EPS growth rate
| Semiconductor Industry Growth | 27.7% |
| Revenue growth rate | 25.4% |
| Return on equity | -49.3% |
| Net Margin | -509.6% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Rigetti Computing: Overvalued With A High Cash Burn Rate
Dec 23Market Participants Recognise Rigetti Computing, Inc.'s (NASDAQ:RGTI) Revenues Pushing Shares 44% Higher
Nov 23
The Rigetti Computing, Inc. (NASDAQ:RGTI) Analysts Have Been Trimming Their Sales Forecasts
Nov 15Health Check: How Prudently Does Rigetti Computing (NASDAQ:RGTI) Use Debt?
Oct 17Revenue Downgrade: Here's What Analysts Forecast For Rigetti Computing, Inc. (NASDAQ:RGTI)
Aug 17Rigetti Computing, Inc.'s (NASDAQ:RGTI) Stock Retreats 29% But Revenues Haven't Escaped The Attention Of Investors
Aug 15Does Rigetti Computing (NASDAQ:RGTI) Have A Healthy Balance Sheet?
Jul 17Rigetti Computing, Inc.'s (NASDAQ:RGTI) Price In Tune With Revenues
Jun 21Rigetti Computing, Inc.'s (NASDAQ:RGTI) 65% Jump Shows Its Popularity With Investors
Feb 28Rigetti Computing, Inc. (NASDAQ:RGTI) Stocks Pounded By 36% But Not Lagging Industry On Growth Or Pricing
Nov 11Analysts Have Just Cut Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Estimates By 17%
May 19Rigetti Computing Matches IBM By Producing Deep Red
Sep 29Rigetti announces new partnerships
Sep 16Revenue & Expenses Breakdown
How Rigetti Computing makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 12 | -61 | 26 | 49 |
| 30 Jun 24 | 13 | -68 | 26 | 49 |
| 31 Mar 24 | 13 | -73 | 25 | 51 |
| 31 Dec 23 | 12 | -75 | 28 | 53 |
| 30 Sep 23 | 15 | -85 | 31 | 56 |
| 30 Jun 23 | 14 | -82 | 41 | 60 |
| 31 Mar 23 | 13 | -77 | 52 | 60 |
| 31 Dec 22 | 13 | -72 | 54 | 60 |
| 30 Sep 22 | 9 | -63 | 48 | 52 |
| 30 Jun 22 | 9 | -54 | 36 | 42 |
| 31 Mar 22 | 9 | -52 | 23 | 36 |
| 31 Dec 21 | 9 | -42 | 15 | 29 |
| 31 Oct 21 | 8 | -38 | 15 | 27 |
| 31 Jul 21 | 7 | -34 | 14 | 26 |
| 30 Apr 21 | 6 | -30 | 14 | 25 |
| 31 Jan 21 | 6 | -26 | 15 | 24 |
| 31 Jan 20 | 1 | -54 | 19 | 29 |
Quality Earnings: RGTI is currently unprofitable.
Growing Profit Margin: RGTI is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RGTI is unprofitable, and losses have increased over the past 5 years at a rate of 18.1% per year.
Accelerating Growth: Unable to compare RGTI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RGTI is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-3.6%).
Return on Equity
High ROE: RGTI has a negative Return on Equity (-49.33%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 05:12 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| David Williams | Benchmark Company |
| Craig Ellis | B. Riley Securities, Inc. |