Zacks Investment Research·1 day ago
Rigetti Expands Quantum Reach Beyond the Race for More QubitsRGTI is widening quantum access through Cepheus-1 cloud availability, Novera QPU sales and government contracts while broadening its customer base.
Rigetti Computing, Inc.(RGTI)Earnings, Financials & Key Ratios
RGTI•NASDAQ
$16.55
Price updated Jul 7, 2026
AboutRigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.Show more
- Revenue$7M-34.3%
- EBITDA-$76M-24.2%
- Net Income-$216M-7.6%
- EPS (Diluted)-0.70+35.8%
- Gross Margin-86.13%-263.1%
- EBITDA Margin-1079.16%-89.0%
- Operating Margin-1194.41%-88.1%
- Net Margin-3050.37%-63.8%
- ROE-64.27%+62.2%
RGTI Price & Volume
Rigetti Computing, Inc. (RGTI) stock price & volume — 10-year historical chart
Loading chart...
Persistent Cash Burn Challenges Quantum Hardware Scalability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Capital exhaustion and dilution
Key Thesis Takeaways
- Rigetti Computing faces a precarious fundamental outlook as it struggles to transition from project-based research to a sustainable commercial model, evidenced by a 34.31% year-over-year revenue contraction.
- The company's reliance on equity financing to fund its capital-intensive superconducting fabrication facility, which maintains a net PPE of $63.6 million, creates significant dilution risks for shareholders.
- Investors should monitor the company's ability to achieve operational leverage, as current R&D expenditures consistently dwarf revenue, leaving the firm vulnerable to ongoing capital exhaustion.
Verdict Logic
the company's reliance on external capital is underscored by a $16.2 million operating cash outflow in 2026Q1, which significantly outweighs the firm's ability to generate sustainable, recurring revenue.
RGTI Growth Metrics
Rigetti Computing, Inc. (RGTI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years5.04%
3 Years-18.52%
TTM8.75%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-64.05%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-8.18%
Return on Capital
10 Years-76.09%
5 Years-55.47%
3 Years-32.82%
Last Year-18.26%
RGTI Recent Earnings
Rigetti Computing, Inc. (RGTI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.04+2.0%
$0.04
Rev
$4M+7.7%
$4M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.03+40.0%
$0.05
Rev
$2M-19.8%
$2M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.03+28.0%
$0.04
Rev
$2M-10.2%
$2M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.05+16.7%
$0.06
Rev
$2M-25.8%
$2M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.04vs $0.04+2.0% | $4Mvs $4M+7.7% |
| Q2 2026 | Mar 4, 2026 | $0.03vs $0.05+40.0% | $2Mvs $2M-19.8% |
| Q4 2025 | Nov 10, 2025 | $0.03vs $0.04+28.0% | $2Mvs $2M-10.2% |
| Q3 2025 | Aug 12, 2025 | $0.05vs $0.06+16.7% | $2Mvs $2M-25.8% |
Based on last 12 quarters of dataView full earnings history →
Latest RGTI News
Recent stock market news and headlines for Rigetti Computing, Inc. (RGTI)
24/7 Wall Street·1 day ago
3 Quantum Computing Stocks to Buy in JulyQuantum computing stocks are speculative, pre-profit bets, well outside core-portfolio territory, on a technology that even NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) CEO Jensen Huang once suggested is likely at least 15 years away from large-scale commercialization.
24/7 Wall Street·6 days ago
A Revolutionary Technology Narrative Has Surged—Don't Take the BaitAlthough the growth rates coming out of the quantum computing segment look genuinely spectacular on paper, Wall Street has stood on this exact ledge before, and the fall has never been gentle.
Zacks Investment Research·6 days ago
Rigetti Computing, Inc. (RGTI) Registers a Bigger Fall Than the Market: Important Facts to NoteIn the latest trading session, Rigetti Computing, Inc. (RGTI) closed at $18.68, marking a -3.31% move from the previous day.
Fool - Investing News·6 days ago
Quantum Stocks Face a 2028 Cash Test. Here's What Investors Should Know.Quantum stocks may look exciting, but the real test could be the cash runway. Here's what investors should watch before the race to 2028 heats up.
Peers Comparison
Key metrics vs top competitors for Rigetti Computing, Inc. (RGTI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.55 | $5.5B | -23.64 | -34.31% | -3050.37% | -64.27% | — | |
| $45.36 | $16.63B | -24.92 | 201.85% | 148.08% | 9.03% | — | |
| $21.06 | $7.73B | -18.97 | 178.54% | -2957.23% | -44.05% | — | |
| $8.69 | $1.19B | -79.00 | 82.84% | -916.15% | -3.55% | — | |
| $19.84 | $310.53M | -7.75 | 80.89% | -5271.99% | -360.48% | — | |
| $306.13 | $287.16B | 27.41 | 7.62% | 15.61% | 35.44% | — |
Compare RGTI vs Peers
Rigetti Computing, Inc. (RGTI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
RGTI SEC Filings & Documents
Rigetti Computing, Inc. (RGTI) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 21, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Apr 21, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
6Get notified when RGTI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
RGTI Frequently Asked Questions
Rigetti Computing, Inc. (RGTI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Rigetti Computing, Inc.'s revenue?
Rigetti Computing, Inc. (RGTI) reported $10.0M in revenue for fiscal year 2025. This represents a 1262% increase from $0.7M in 2019.
How fast is Rigetti Computing, Inc. growing?
Rigetti Computing, Inc. (RGTI) saw revenue decline by 34.3% over the past year.
Is RGTI profitable?
Rigetti Computing, Inc. (RGTI) reported a net loss of $225.7M for fiscal year 2025.
Dividend & Returns
What is RGTI's return on equity?
Rigetti Computing, Inc. (RGTI) has a return on equity (ROE) of -64.3%. Negative ROE indicates the company is unprofitable.
What is Rigetti Computing, Inc.'s free cash flow?
Rigetti Computing, Inc. (RGTI) had negative free cash flow of $81.6M in fiscal year 2025, likely due to heavy capital investments.