RGTI Stock Price, Rigetti Computing, Inc. Quote, Chart

Market Summary

USD1.14-0.01

Market Closed

-0.87%

RGTI Stock Price

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RGTI RSI Chart

RGTI Valuation

Market Cap

196.0M

Price/Earnings (Trailing)

-2.7

Price/Sales (Trailing)

15.24

EV/EBITDA

-2.79

Price/Free Cashflow

-3.38

RGTI Price/Sales (Trailing)

RGTI Profitability

Operating Margin

70.12%

EBT Margin

-563.99%

Return on Equity

-62.75%

Return on Assets

-44.74%

Free Cashflow Yield

-29.55%

RGTI Fundamentals

RGTI Revenue

Revenue (TTM)

12.9M

Rev. Growth (Yr)

38.66%

Rev. Growth (Qtr)

-9.58%

RGTI Earnings

Earnings (TTM)

-72.5M

Earnings Growth (Yr)

11.05%

Earnings Growth (Qtr)

-65.23%

Breaking Down RGTI Revenue

Last 7 days

-1.7%

Last 30 days

-3.4%

Last 90 days

-32.5%

Trailing 12 Months

96.8%

How does RGTI drawdown profile look like?

RGTI Financial Health

Current Ratio

4.42

Debt/Equity

0.06

Debt/Cashflow

-7.42

RGTI Investor Care

Shares Dilution (1Y)

32.43%

Diluted EPS (TTM)

-0.53

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	12.9M	0	0	0
2023	13.2M	14.4M	14.7M	12.0M
2022	7.9M	8.5M	8.4M	13.1M
2021	5.5M	6.9M	7.5M	8.2M
2020	0	0	0	5.1M

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Tracking the Latest Insider Buys and Sells of Rigetti Computing, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	rivas david	acquired	-	-	500,000	chief technology officer
Mar 18, 2024	rivas david	sold	-18,267	1.97	-9,273	chief technology officer
Mar 18, 2024	danis richard	sold	-91,262	1.97	-46,326	general counsel & corp. sec.
Mar 01, 2024	fitzgerald alissa	sold	-67,061	1.93	-34,747	-
Mar 01, 2024	fitzgerald alissa	acquired	9,451	0.272	34,747	-
Feb 28, 2024	fitzgerald alissa	acquired	8,160	0.272	30,000	-
Feb 28, 2024	fitzgerald alissa	sold	-60,300	2.01	-30,000	-
Feb 20, 2024	fitzgerald alissa	sold	-18,300	1.83	-10,000	-
Feb 20, 2024	fitzgerald alissa	acquired	2,720	0.272	10,000	-
Feb 12, 2024	fitzgerald alissa	acquired	2,720	0.272	10,000	-

Which funds bought or sold RGTI recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	Tidal Investments LLC	added	1.91	8,415	22,847	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-0.01	5,612	12,507	-%
May 16, 2024	JANE STREET GROUP, LLC	added	176	309,819	403,801	-%
May 15, 2024	AlTi Global, Inc.	sold off	-100	-21,368	-	-%
May 15, 2024	Founders Fund V Management, LLC	unchanged	-	48,298	135,590	12.40%
May 15, 2024	Comprehensive Financial Management LLC	unchanged	-	401,446	1,126,790	0.04%
May 15, 2024	TOWNSQUARE CAPITAL LLC	unchanged	-	20,624	57,888	-%
May 15, 2024	Cetera Investment Advisers	sold off	-100	-15,342	-	-%
May 15, 2024	Penserra Capital Management LLC	added	13.2	1,915,000	4,440,000	0.06%
May 15, 2024	LMR Partners LLP	unchanged	-	151,633	337,897	-%

Are Funds Buying or Selling RGTI?

Are funds buying RGTI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RGTI

No. of Funds

Unveiling Rigetti Computing, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	beryl capital management llc	0%	0	SC 13G/A
Feb 10, 2023	millennium management llc	0.2%	218,803	SC 13G/A
Jan 26, 2023	rigetti chad	5.0%	6,144,379	SC 13D/A
Jan 12, 2023	rigetti chad	5.6%	6,901,448	SC 13D/A
Sep 02, 2022	supernova partners ii, llc	0%	0	SC 13D/A
Aug 31, 2022	rigetti chad	6.5%	8,139,269	SC 13D/A
Aug 22, 2022	rigetti chad	7.1%	8,733,050	SC 13D/A

Recent SEC filings of Rigetti Computing, Inc.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	144	Notice of Insider Sale Intent
May 14, 2024	144	Notice of Insider Sale Intent
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS
Apr 29, 2024	DEF 14A	DEF 14A
Apr 29, 2024	DEFA14A	DEFA14A
Apr 10, 2024	PRE 14A	PRE 14A

Peers (Alternatives to Rigetti Computing, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.2B	57.2B	0.84%	-0.02%	14.52	3.41	7.66%	18.93%
ANET	100.2B	6.1B	23.38%	126.13%	43.8	16.49	25.22%	50.89%
HPQ	30.6B	53.1B	12.68%	1.50%	8.95	0.58	-11.04%	34.01%
HPE	23.2B	29.1B	4.87%	23.94%	11.47	0.8	2.24%	133.29%
LOGI	13.8B	4.3B	13.89%	41.09%	22.55	3.21	-5.30%	67.91%
JNPR	11.3B	5.3B	-5.04%	17.70%	50.26	2.11	-2.96%	-55.26%
MID-CAP
UI	8.8B	1.9B	37.99%	-15.28%	25.3	4.63	1.03%	-11.76%
BDC	3.8B	2.4B	13.60%	9.12%	21.17	1.58	-8.79%	-36.23%
LITE	3.1B	1.4B	9.65%	-2.83%	-8.78	2.19	-21.81%	-865.12%
SMALL-CAP
EXTR	1.5B	1.2B	4.94%	-36.59%	-239.63	1.24	-0.19%	-110.91%
AAOI	456.4M	205.3M	-2.09%	570.29%	-7.25	2.22	-8.19%	5.55%
ADTN	417.7M	1.1B	13.55%	-38.68%	-0.76	0.4	-12.01%	-1246.95%
ALOT	135.5M	148.1M	4.92%	16.09%	28.87	0.92	3.90%	76.40%
AIRG	56.5M	53.8M	-4.90%	-	-4.7	1.05	-28.06%	-33.67%
AKTS	34.5M	29.9M	-30.00%	-88.82%	-0.45	1.16	39.86%	-24.01%

Rigetti Computing, Inc. News

Latest updates

Rigetti Computing, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)															(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4
Revenue	-9.6%	3,052,000	3,375,500	3,105,000	3,327,000	2,201,000	6,060,000	2,804,000	2,134,000	2,104,000	1,377,500	2,919,000	1,540,000	2,360,000	-	-
Cost Of Revenue	80.6%	1,552,000	859,500	834,000	597,000	510,000	810,000	776,000	873,000	414,000	527,393	446,000	365,000	273,000	-	-
Gross Profit	-40.4%	1,500,000	2,516,000	2,271,000	2,730,000	1,691,000	5,250,000	2,028,000	1,261,000	1,690,000	728,626	2,473,000	1,175,000	2,087,000	-	-
Operating Expenses	-8.3%	18,085,000	19,723,000	19,103,000	18,966,000	23,711,000	31,976,000	33,352,000	27,019,000	26,962,000	8,668,914	11,642,000	10,851,000	9,767,000	-	-
S&GA Expenses	-100.0%	-	11,184,000	6,047,000	5,747,000	518,000	16,466,500	15,987,000	14,272,000	1,475,000	523,602	782,000	644,000	312,000	-	-
R&D Expenses	-10.3%	11,471,000	12,786,500	13,056,000	13,219,000	13,707,000	15,912,500	17,365,000	12,747,000	13,927,000	5,687,589	7,484,000	7,496,000	6,934,000	-	-
EBITDA Margin	9.5%	-4.66	-5.15	-4.81	-4.70	-4.85	-4.52	-5.52	-4.61	-4.73	-3.79	-	-	-	-	-
Interest Expenses	-35.4%	811,000	1,254,500	1,500,000	1,574,000	1,464,000	1,554,000	1,436,000	1,040,000	1,205,000	1,388,000	589,000	407,000	81,000	-	-
Income Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Before Taxes	-65.2%	-20,773,000	-12,572,000	-22,215,000	-16,966,000	-23,354,000	-22,872,000	-18,755,000	-12,252,000	-17,642,000	-8,733,673	-9,756,000	-10,074,000	-7,787,000	-	-
EBT Margin	9.8%	-5.64	-6.25	-5.81	-5.69	-5.85	-5.46	-6.82	-5.66	-5.77	-4.67	-	-	-	-	-
Net Income	-65.2%	-20,773,000	-12,572,000	-22,215,000	-16,966,000	-23,354,000	-22,872,000	-18,755,000	-12,252,000	-17,642,000	-8,733,673	-9,756,000	-10,074,000	-7,787,000	-	-
Net Income Margin	9.8%	-5.64	-6.25	-5.81	-5.69	-5.85	-5.46	-6.82	-5.66	-5.77	-4.67	-3.47	-3.80	-	-	-
Free Cashflow	-33.4%	-18,632,000	-13,969,000	-6,316,000	-19,001,000	-20,352,000	-17,650,000	-22,055,000	-27,164,000	-18,557,000	-7,234,158	-10,485,000	-10,559,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2021Q1	2020Q4	2020Q1
Assets	1.4%	162	160	165	168	182	203	213	229	246	46.00	47.00	346	347	347	347	50.00	39.00	27.00
Current Assets	2.2%	110	108	117	118	130	154	170	192	215	18.00	18.00	1.00	2.00	2.00	-	24.00	0.00	2.00
Cash Equivalents	64.1%	35.00	21.00	42.00	22.00	26.00	58.00	74.00	184	207	12.00	13.00	165	1.00	1.00	-	22.00	-	1.00
Net PPE	0.3%	45.00	44.00	40.00	41.00	43.00	40.00	37.00	31.00	24.00	22.00	22.00	-	-	-	-	20.00	-	20.00
Goodwill	-	-	-	-	-	-	-	5.00	5.00	5.00	5.00	5.00	-	-	-	-	5.00	-	5.00
Liabilities	-7.5%	47.00	50.00	53.00	49.00	52.00	53.00	47.00	58.00	82.00	36.00	28.00	24.00	29.00	26.00	26.00	4.00	19.00	35.00
Current Liabilities	-14.4%	25.00	29.00	23.00	21.00	23.00	22.00	16.00	13.00	13.00	8.00	5.00	1.00	1.00	0.00	0.00	3.00	0.00	35.00
Long Term Debt	-34.3%	6.00	10.00	13.00	-	-	21.00	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	10.00	13.00	-	-	21.00	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	5.5%	116	110	113	118	129	150	166	170	164	-71.53	-	-	5.00	5.00	5.00	-	0.00	-
Retained Earnings	-5.9%	-374	-353	-341	-318	-302	-278	-255	-237	-224	-	-198	-22.25	-26.91	-24.47	-23.89	-168	-0.01	-142
Additional Paid-In Capital	5.8%	490	463	454	437	431	429	422	407	389	136	135	-	9.00	6.00	6.00	133	0.00	14.00
Accumulated Depreciation	-100.0%	-	33.00	-	-	-	26.00	-	-	-	19.00	18.00	-	-	-	-	14.00	-	10.00
Shares Outstanding	12.4%	165	147	140	132	129	125	119	117	114	18.00	-	22.00	22.00	22.00	-	-	16.00	-
Float	-	-	-	-	128	-	-	-	138	-	-	-	-	335	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q4	2021Q3	2021Q2	2021Q1	2021Q1	2020Q4	2020Q4	2020Q1
Cashflow From Operations	-5.8%	-13,139	-12,421	-4,540	-18,070	-15,548	-14,207	-13,397	-19,364	-15,721	-6,186	-	-8,440	-8,303	-5,795	-	-	-	-
Share Based Compensation	-18.8%	2,991	3,682	3,669	3,355	1,703	7,169	15,121	11,041	11,481	265	-	518	521	597	-	-	-	-
Cashflow From Investing	157.9%	6,220	-10,751	14,289	12,221	-14,986	-544	-95,844	-7,800	-2,836	-1,047	-	-2,045	-2,256	-1,488	-	-	-	-
Cashflow From Financing	670.2%	20,710	2,689	10,255	1,440	-1,154	-1,635	-677	4,321	213,445	5,836	-	139	8,091	12,026	-	-	-	-

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RGTI Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue	$ 3,052	$ 2,201
Cost of revenue	1,552	510
Total gross profit	1,500	1,691
Operating expenses:
Research and development	11,471	13,707
Selling, general and administrative	6,614	9,013
Restructuring	0	991
Total operating expenses	18,085	23,711
Loss from operations	(16,585)	(22,020)
Other (expense) income, net
Interest expense	(1,107)	(1,464)
Interest income	1,123	1,284
Change in fair value of derivative warrant liabilities	(2,583)	(873)
Change in fair value of earn-out liabilities	(1,621)	(281)
Total other (expense) income, net	(4,188)	(1,334)
Net loss before provision for income taxes	(20,773)	(23,354)
Provision for income taxes	0	0
Net loss	$ (20,773)	$ (23,354)
Net loss per share attributable to common stockholders-basic (in $ per share)	$ (0.14)	$ (0.19)
Net loss per share attributable to common stockholders-diluted (in $ per share)	$ (0.14)	$ (0.19)
Weighted average shares used in computing net loss per share attributable to common stockholders - basic (in shares)	151,855	124,778
Weighted average shares used in computing net loss per share attributable to common stockholders - diluted (in shares)	151,855	124,778

RGTI Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 35,098	$ 21,392
Available-for-sale investments	67,661	78,537
Accounts receivable	4,706	5,029
Prepaid expenses and other current assets	2,579	2,709
Total current assets	110,044	107,667
Property and equipment, net	44,610	44,483
Operating lease right-of-use assets	7,243	7,634
Other assets	218	129
Total assets	162,115	159,913
Current liabilities:
Accounts payable	3,822	5,772
Accrued expenses and other current liabilities	5,892	8,563
Deferred revenue	129	343
Current portion of debt	12,814	12,164
Current portion of operating lease liabilities	2,219	2,210
Total current liabilities	24,876	29,052
Debt, less current portion	6,496	9,894
Operating lease liabilities, less current portion	5,880	6,297
Derivative warrant liabilities	5,510	2,927
Earn-out liabilities	3,776	2,155
Total liabilities	46,538	50,325
Commitments and contingencies (Note 17)
Stockholders' equity:
Preferred stock, par value $0.0001 per share, 10,000,000 shares authorized, none outstanding	0	0
Common stock, par value $0.0001 per share, 1,000,000,000 shares authorized, 165,310,938 shares issued and outstanding at March 31, 2024 and 147,066,336 shares issued and outstanding at December 31, 2023	16	14
Additional paid-in capital	489,955	463,089
Accumulated other comprehensive income	138	244
Accumulated deficit	(374,532)	(353,759)
Total stockholders' equity	115,577	109,588
Total liabilities and stockholders' equity	$ 162,115	$ 159,913

About Rigetti Computing, Inc.

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. Its quantum computing as a Service platform can be integrated into any public, private, or hybrid cloud. The company offers product types of platform, research, and software tools, which are used in application areas of benchmarking, chemical simulation, education/entertainment, machine learning, and optimization. It has operations in the United States and the United Kingdom. Rigetti Computing, Inc. was founded in 2013 and is based in Berkeley, California.

CEO	Dr. Subodh K. Kulkarni Ph.D.
WEBSITE	rigetti.com
INDUSTRY	Computer Hardware
EMPLOYEES	129

Rigetti Computing, Inc. Frequently Asked Questions

What is the ticker symbol for Rigetti Computing, Inc.? What does RGTI stand for in stocks?

RGTI is the stock ticker symbol of Rigetti Computing, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rigetti Computing, Inc. (RGTI)?

As of Fri May 17 2024, market cap of Rigetti Computing, Inc. is 195.99 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RGTI stock?

You can check RGTI's fair value in chart for subscribers.

What is the fair value of RGTI stock?

You can check RGTI's fair value in chart for subscribers. The fair value of Rigetti Computing, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rigetti Computing, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RGTI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rigetti Computing, Inc. a good stock to buy?

The fair value guage provides a quick view whether RGTI is over valued or under valued. Whether Rigetti Computing, Inc. is cheap or expensive depends on the assumptions which impact Rigetti Computing, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RGTI.

What is Rigetti Computing, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RGTI's PE ratio (Price to Earnings) is -2.7 and Price to Sales (PS) ratio is 15.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RGTI PE ratio will change depending on the future growth rate expectations of investors.