Rigetti Computing Inc. | Mid-cap | Technology
$15.98
3.50%
| Rigetti Computing Stock Comparison:
Rigetti Computing vs Arista NetworksRigetti Computing vs Dell TechnologiesRigetti Computing vs D-Wave QuantumRigetti Computing vs Quantum ComputingRigetti Computing vs Seagate TechnologyRigetti Computing vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 1.5M
Gross Profit 442.0K 30.03%
Operating Income -21.6M -1,469.57%
Net Income 42.6M 2,895.31%
EPS (Diluted) $0.13

Balance Sheet Metrics

Total Assets 269.1M
Total Liabilities 62.0M
Shareholders Equity 207.1M
Debt to Equity 0.30

Cash Flow Metrics

Operating Cash Flow 42.3M
Free Cash Flow -16.2M

Revenue & Profitability Trend

Rigetti Computing Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i10.8M12.0M13.1M5.5M735.5K
Cost of Goods Sold i5.1M2.8M2.9M1.5M288.2K
Gross Profit i5.7M9.2M10.2M4.1M447.3K
Gross Margin % i52.8%76.7%78.1%73.1%60.8%
Operating Expenses
Research & Development i49.8M52.8M60.0M24.1M29.4M
Selling, General & Administrative i24.5M27.7M54.0M15.0M18.7M
Other Operating Expenses i-----
Total Operating Expenses i74.2M80.5M113.9M39.1M48.1M
Operating Income i-68.5M-71.3M-103.7M-35.1M-47.7M
Operating Margin % i-634.9%-593.8%-791.5%-633.1%-6,485.8%
Non-Operating Items
Interest Income i5.1M5.1M2.4M--
Interest Expense i3.3M5.8M5.3M--
Other Non-Operating Income-134.3M-3.1M35.0M9.0M-5.4M
Pre-tax Income i-201.0M-75.1M-71.5M-26.1M-53.8M
Income Tax i000--
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-201.0M-75.1M-71.5M-26.1M-53.8M
Net Margin % i-1,862.7%-625.5%-545.9%-471.4%-7,317.1%
Key Metrics
EBITDA i-56.5M-58.8M-94.3M-39.7M-43.4M
EPS (Basic) i-$-0.57$-0.70$-0.23$-0.47
EPS (Diluted) i-$-0.57$-0.70$-0.23$-0.47
Basic Shares Outstanding i-131977000102300852113810285113810285
Diluted Shares Outstanding i-131977000102300852113810285113810285

Income Statement Trend

Rigetti Computing Balance Sheet From 2021 to 2024

Metric20242023202220212021
Assets
Current Assets
Cash & Equivalents i67.7M21.4M57.9M11.7M22.2M
Short-term Investments i124.4M78.5M84.9M--
Accounts Receivable i2.4M5.0M6.2M1.5M479.4K
Inventory i-----
Other Current Assets9.1M2.7M2.4M-1.0M
Total Current Assets i206.8M107.7M154.5M18.1M23.7M
Non-Current Assets
Property, Plant & Equipment i78.1M72.6M62.9M33.4M27.0M
Goodwill i--010.8M10.8M
Intangible Assets i-----
Long-term Investments-----
Other Non-Current Assets325.0K129.0K129.0K481.5K446.5K
Total Non-Current Assets i78.0M52.2M49.0M28.4M26.0M
Total Assets i284.8M159.9M203.4M46.4M49.7M
Liabilities
Current Liabilities
Accounts Payable i1.6M5.8M1.9M2.0M1.1M
Short-term Debt i2.2M14.4M10.6M1.3M-
Current Portion of Long-term Debt-----
Other Current Liabilities623.0K1.3M1.3M230.0K-
Total Current Liabilities i11.9M29.1M21.8M8.3M3.2M
Non-Current Liabilities
Long-term Debt i6.6M16.2M28.5M23.5M-
Deferred Tax Liabilities i-----
Other Non-Current Liabilities45.9M2.2M1.2M294.6K381.3K
Total Non-Current Liabilities i146.3M21.3M31.5M109.7M81.9M
Total Liabilities i158.2M50.3M53.2M118.0M85.1M
Equity
Common Stock i29.0K14.0K12.0K2321
Retained Earnings i-554.7M-353.8M-278.7M-207.1M-168.9M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i126.6M109.6M150.2M-71.5M-35.4M
Key Metrics
Total Debt i8.8M30.6M39.1M24.8M0
Working Capital i194.9M78.6M132.7M9.8M20.5M

Balance Sheet Composition

Rigetti Computing Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-201.0M-75.1M-71.5M-26.1M-53.8M
Depreciation & Amortization i6.9M7.4M7.0M4.3M3.9M
Stock-Based Compensation i13.1M12.4M44.8M2.6M2.8M
Working Capital Changes i2.0M1.5M-5.7M-3.6M4.4M
Operating Cash Flow i-132.5M-49.7M-42.6M-22.8M-37.2M
Investing Activities
Capital Expenditures i-11.1M-9.1M-22.7M-4.4M-3.1M
Acquisitions i---0149.5K
Investment Purchases i-224.8M-109.3M-84.3M--
Investment Sales i157.5M119.1M0--
Investing Cash Flow i-78.4M773.0K-107.0M-4.4M-2.9M
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i-05.0M2.2M20.0M
Debt Repayment i-23.3M-8.3M-1.3M0-2.8M
Financing Cash Flow i174.9M12.1M209.4M56.2M18.6M
Free Cash Flow i-61.7M-59.6M-85.4M-34.5M-40.0M
Net Change in Cash i-35.9M-36.8M59.8M29.0M-21.5M

Cash Flow Trend

Rigetti Computing Key Financial Ratios

Valuation Ratios

Forward P/E -46.79
Price to Book 21.38
Price to Sales 541.08
PEG Ratio -46.79

Profitability Ratios

Profit Margin 52.80%
Operating Margin -1,469.56%
Return on Equity -85.28%
Return on Assets -21.32%

Financial Health

Current Ratio 18.82
Debt to Equity 4.06
Beta 1.45

Per Share Data

EPS (TTM) $-0.80
Book Value per Share $0.72
Revenue per Share $0.04

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
rgti5.0B-21.38-85.28%52.80%4.06
Arista Networks 174.9B54.5816.1033.64%40.90%0.00
Dell Technologies 93.1B21.54-31.49-331.07%4.72%-9.80
D-Wave Quantum 5.8B-71.91-154.89%63.02%18.54
Quantum Computing 2.6B-10.03-31.29%30.03%0.48
Seagate Technology 32.0B22.22-70.99-324.28%16.15%-11.86

Financial data is updated regularly. All figures are in the company's reporting currency.