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Technology - Computer Hardware - NASDAQ - US
$ 1.41
-9.03 %
$ 271 M
Market Cap
-3.36
P/E
1. INTRINSIC VALUE

Rigetti 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.[ Read More ]

The intrinsic value of one RGTI stock under the base case scenario is HIDDEN Compared to the current market price of 1.41 USD, Rigetti Computing, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart RGTI

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FINANCIALS
12 M REVENUE
-8.35%
-72.3 M OPERATING INCOME
30.29%
-75.1 M NET INCOME
-5.01%
-50.6 M OPERATING CASH FLOW
19.32%
773 K INVESTING CASH FLOW
100.72%
13.2 M FINANCING CASH FLOW
-93.86%
2.38 M REVENUE
-22.94%
-17.3 M OPERATING INCOME
-7.84%
-14.8 M NET INCOME
-19.42%
-15.4 M OPERATING CASH FLOW
-14.13%
6.26 M INVESTING CASH FLOW
147.27%
8.69 M FINANCING CASH FLOW
-29.81%
Balance Sheet Decomposition Rigetti Computing, Inc.
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Current Assets 108 M
Cash & Short-Term Investments 99.9 M
Receivables 5.03 M
Other Current Assets 2.71 M
Non-Current Assets 52.2 M
Long-Term Investments 0
PP&E 52.1 M
Other Non-Current Assets 129 K
Current Liabilities 29.1 M
Accounts Payable 5.77 M
Short-Term Debt 16.6 M
Other Current Liabilities 6.7 M
Non-Current Liabilities 21.3 M
Long-Term Debt 16.2 M
Other Non-Current Liabilities 5.08 M
EFFICIENCY
Earnings Waterfall Rigetti Computing, Inc.
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Revenue 12 M
Cost Of Revenue 2.8 M
Gross Profit 9.21 M
Operating Expenses 80.5 M
Operating Income -72.3 M
Other Expenses 2.81 M
Net Income -75.1 M
RATIOS
76.68% GROSS MARGIN
76.68%
-602.06% OPERATING MARGIN
-602.06%
-625.47% NET MARGIN
-625.47%
-68.54% ROE
-68.54%
-46.97% ROA
-46.97%
-54.01% ROIC
-54.01%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Rigetti Computing, Inc.
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Net Income -75.1 M
Depreciation & Amortization 7.43 M
Capital Expenditures -9.06 M
Stock-Based Compensation 12.4 M
Change in Working Capital -495 K
Others 2.59 M
Free Cash Flow -59.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Rigetti Computing, Inc.
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Wall Street analysts predict an average 1-year price target for RGTI of $2 , with forecasts ranging from a low of $2 to a high of $2 .
RGTI Lowest Price Target Wall Street Target
2 USD 41.84%
RGTI Average Price Target Wall Street Target
2 USD 41.84%
RGTI Highest Price Target Wall Street Target
2 USD 41.84%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Rigetti Computing, Inc.
image
Sold
0-3 MONTHS
3.26 M USD 5
3-6 MONTHS
147 K USD 3
6-9 MONTHS
266 K USD 3
9-12 MONTHS
115 K USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
3 days ago
Nov 14, 2024
Sell 98.4 K USD
Rivas David
CHIEF TECHNOLOGY OFFICER
- 60000
1.64 USD
2 days ago
Nov 15, 2024
Sell 46.3 K USD
Rivas David
CHIEF TECHNOLOGY OFFICER
- 29846
1.55 USD
2 days ago
Nov 15, 2024
Sell 9.27 K USD
Danis Richard
GENERAL COUNSEL & CORP. SEC.
- 5982
1.55 USD
1 week ago
Nov 08, 2024
Sell 1.09 M USD
Bessemer Venture Partners X L.P.
10 percent owner
- 713886
1.52 USD
6 days ago
Nov 11, 2024
Sell 1.95 M USD
Bessemer Venture Partners X L.P.
10 percent owner
- 1286114
1.52 USD
2 months ago
Sep 17, 2024
Sell 35.4 K USD
Sandford Helene Gail
Director
- 43200
0.82 USD
2 months ago
Sep 11, 2024
Sell 17.4 K USD
Sandford Helene Gail
Director
- 23162
0.75 USD
2 months ago
Sep 09, 2024
Sell 13.8 K USD
Fitzgerald Alissa
Director
- 17294
0.8 USD
3 months ago
Aug 14, 2024
Sell 5.51 K USD
Danis Richard
GENERAL COUNSEL & CORP. SEC.
- 6332
0.87 USD
3 months ago
Aug 14, 2024
Sell 34.5 K USD
Rivas David
CHIEF TECHNOLOGY OFFICER
- 39638
0.87 USD
3 months ago
Aug 12, 2024
Sell 16.4 K USD
Fitzgerald Alissa
Director
- 20000
0.82 USD
4 months ago
Jul 15, 2024
Sell 21.8 K USD
Fitzgerald Alissa
Director
- 20000
1.09 USD
4 months ago
Jun 24, 2024
Sell 19 K USD
Fitzgerald Alissa
Director
- 20000
0.95 USD
5 months ago
Jun 18, 2024
Sell 50 K USD
Fitzgerald Alissa
Director
- 50000
1 USD
6 months ago
May 14, 2024
Sell 5.94 K USD
Rivas David
CHIEF TECHNOLOGY OFFICER
- 4433
1.34 USD
6 months ago
May 14, 2024
Sell 5.1 K USD
Danis Richard
GENERAL COUNSEL & CORP. SEC.
- 3804
1.34 USD
8 months ago
Mar 18, 2024
Sell 18.3 K USD
Rivas David
CHIEF TECHNOLOGY OFFICER
- 9273
1.97 USD
8 months ago
Mar 18, 2024
Sell 91.3 K USD
Danis Richard
GENERAL COUNSEL & CORP. SEC.
- 46326
1.97 USD
8 months ago
Mar 01, 2024
Sell 67.1 K USD
Fitzgerald Alissa
Director
- 34747
1.93 USD
8 months ago
Feb 28, 2024
Sell 60.3 K USD
Fitzgerald Alissa
Director
- 30000
2.01 USD
8 months ago
Feb 20, 2024
Sell 18.3 K USD
Fitzgerald Alissa
Director
- 10000
1.83 USD
9 months ago
Feb 12, 2024
Sell 15 K USD
Fitzgerald Alissa
Director
- 10000
1.5 USD
9 months ago
Feb 01, 2024
Sell 25.6 K USD
Fitzgerald Alissa
Director
- 20000
1.28 USD
9 months ago
Jan 30, 2024
Sell 25.6 K USD
Fitzgerald Alissa
Director
- 20000
1.28 USD
1 year ago
Nov 17, 2023
Sell 8.08 K USD
Rivas David
Chief Technology Officer
- 7494
1.0783 USD
1 year ago
Nov 17, 2023
Sell 40.7 K USD
Danis Richard
General Counsel & Corp. Sec.
- 37765
1.0781 USD
1 year ago
Sep 01, 2023
Sell 14.4 K USD
Fitzgerald Alissa
Director
- 8000
1.8 USD
1 year ago
Aug 17, 2023
Sell 76.6 K USD
Danis Richard
General Counsel & Corp. Sec.
- 40084
1.91 USD
1 year ago
Aug 17, 2023
Sell 15.1 K USD
Rivas David
Chief Technology Officer
- 7896
1.91 USD
1 year ago
Aug 15, 2023
Sell 451 K USD
McCarthy Cathy L
Director
- 185000
2.44 USD
1 year ago
Aug 01, 2023
Sell 22.9 K USD
Fitzgerald Alissa
Director
- 8000
2.86 USD
1 year ago
Jul 03, 2023
Sell 10.2 K USD
Fitzgerald Alissa
Director
- 8000
1.28 USD
1 year ago
Jun 12, 2023
Sell 57 K USD
Fitzgerald Alissa
Director
- 40447
1.41 USD
1 year ago
Jun 08, 2023
Sell 10.2 K USD
Fitzgerald Alissa
Director
- 8000
1.28 USD
1 year ago
May 17, 2023
Sell 2.16 K USD
Rivas David
Chief Technology Officer
- 4233
0.51 USD
1 year ago
May 17, 2023
Sell 11.7 K USD
Danis Richard
General Counsel & Corp. Sec.
- 22919
0.51 USD
1 year ago
Mar 30, 2023
Sell 11 K USD
Rivas David
Chief Technology Officer
- 19646
0.56 USD
1 year ago
Mar 30, 2023
Sell 28.5 K USD
Danis Richard
General Counsel & Corp. Sec.
- 50871
0.56 USD
1 year ago
Feb 08, 2023
Sell 5.29 K USD
Fitzgerald Alissa
Director
- 4131
1.28 USD
1 year ago
Dec 12, 2022
Sell 99.2 K USD
Rigetti Chad
Director
- 102280
0.97 USD
1 year ago
Dec 13, 2022
Sell 128 K USD
Rigetti Chad
Director
- 132289
0.97 USD
1 year ago
Dec 12, 2022
Sell 5.43 K USD
Danis Richard
General Counsel & Corp. Sec.
- 5603
0.97 USD
1 year ago
Dec 13, 2022
Sell 7.03 K USD
Danis Richard
General Counsel & Corp. Sec.
- 7247
0.97 USD
1 year ago
Dec 12, 2022
Sell 6.61 K USD
Sereda Brian J
Chief Financial Officer
- 6819
0.97 USD
1 year ago
Dec 13, 2022
Sell 8.56 K USD
Sereda Brian J
Chief Financial Officer
- 8822
0.97 USD
1 year ago
Dec 12, 2022
Sell 4.49 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 4625
0.97 USD
1 year ago
Dec 13, 2022
Sell 5.8 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 5983
0.97 USD
1 year ago
Dec 09, 2022
Sell 6.34 K USD
Danis Richard
Interim CEO, GC &Corp. Sec.
- 6274
1.01 USD
1 year ago
Dec 07, 2022
Sell 10.3 K USD
Danis Richard
Interim CEO, GC &Corp. Sec.
- 10019
1.03 USD
1 year ago
Dec 08, 2022
Sell 7.39 K USD
Danis Richard
Interim CEO, GC &Corp. Sec.
- 7171
1.03 USD
1 year ago
Dec 07, 2022
Sell 188 K USD
Rigetti Chad
Director
- 182904
1.03 USD
1 year ago
Dec 08, 2022
Sell 135 K USD
Rigetti Chad
Director
- 130919
1.03 USD
1 year ago
Dec 09, 2022
Sell 116 K USD
Rigetti Chad
Director
- 114553
1.01 USD
1 year ago
Dec 07, 2022
Sell 12.6 K USD
Sereda Brian J
Chief Financial Officer
- 12195
1.03 USD
1 year ago
Dec 08, 2022
Sell 8.99 K USD
Sereda Brian J
Chief Financial Officer
- 8729
1.03 USD
1 year ago
Dec 09, 2022
Sell 7.72 K USD
Sereda Brian J
Chief Financial Officer
- 7639
1.01 USD
1 year ago
Dec 07, 2022
Sell 8.52 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 8272
1.03 USD
1 year ago
Dec 08, 2022
Sell 6.1 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 5920
1.03 USD
1 year ago
Dec 09, 2022
Sell 5.23 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 5181
1.01 USD
1 year ago
Dec 01, 2022
Sell 10.6 K USD
Fitzgerald Alissa
Director
- 8000
1.33 USD
2 years ago
Nov 01, 2022
Sell 15.4 K USD
Fitzgerald Alissa
Director
- 8000
1.92 USD
2 years ago
Oct 03, 2022
Sell 14.6 K USD
Fitzgerald Alissa
director:
- 8000
1.83 USD
2 years ago
Sep 14, 2022
Sell 18.6 K USD
Fitzgerald Alissa
Director
- 8000
2.33 USD
2 years ago
Aug 25, 2022
Sell 124 K USD
Sereda Brian J
Chief Financial Officer
- 30820
4.01 USD
2 years ago
Aug 25, 2022
Sell 468 K USD
Rigetti Chad
President and CEO
- 116800
4.01 USD
2 years ago
Aug 25, 2022
Sell 24.4 K USD
Danis Richard
General Counsel and Corp. Sec.
- 6198
3.94 USD
2 years ago
Aug 25, 2022
Sell 18.7 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 4671
4.01 USD
2 years ago
Aug 22, 2022
Sell 81.9 K USD
Sereda Brian J
Chief Financial Officer
- 17607
4.65 USD
2 years ago
Aug 22, 2022
Sell 389 K USD
Rigetti Chad
President and CEO
- 84988
4.58 USD
2 years ago
Aug 22, 2022
Sell 17 K USD
Danis Richard
General Counsel and Corp. Sec.
- 3649
4.65 USD
2 years ago
Aug 22, 2022
Sell 13.5 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 2973
4.54 USD
2 years ago
Jun 15, 2022
Sell 803 USD
Sereda Brian J
Chief Financial Officer
- 176
4.56 USD
2 years ago
Jun 15, 2022
Sell 227 K USD
Rigetti Chad
President and CEO
- 49824
4.56 USD
2 years ago
Jun 15, 2022
Sell 19.1 K USD
Danis Richard
General Counsel and Corp. Sec.
- 4194
4.56 USD
2 years ago
Jun 15, 2022
Sell 12.3 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 2708
4.56 USD
2 years ago
Jun 10, 2022
Sell 40.5 K USD
Harburn Mike
SVP, Fabrication Ops. Hardware
- 9138
4.43 USD
2 years ago
Jun 10, 2022
Sell 25.3 K USD
Danis Richard
General Counsel and Corp. Sec.
- 5718
4.43 USD
2 years ago
Jun 10, 2022
Sell 586 K USD
Rigetti Chad
President and CEO
- 132224
4.43 USD
2 years ago
Jun 10, 2022
Sell 983 USD
Sereda Brian J
Chief Financial Officer
- 222
4.43 USD
2 years ago
Mar 02, 2022
Bought 625 K USD
Clifton Michael S.
director:
+ 62500
10 USD
3 years ago
Mar 04, 2021
Bought 51.2 M USD
Supernova Partners LLC
10 percent owner
+ 4450000
11.5 USD
7. News
Rigetti Computing Rises After Q3 2024 Earnings Due To Modular QPU Framework Rigetti Computing focuses on quantum computing with superconducting qubit-based processors but faces financial challenges despite technological advancements. The company raised $12 million in Q3 2024 but still reported a $17.3 million operating loss, with $92.6 million in cash and securities. Rigetti aims to release a 36-qubit system in mid-2025 and a 100-qubit system by year-end, targeting a $7.5 billion market. seekingalpha.com - 2 days ago
Rigetti to Present Keynote at SEMICON Europa 2024 BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON Europa 2024 in Munich, Germany later today, November 13, 2024 at 2:45pm. globenewswire.com - 4 days ago
Rigetti Computing, Inc. (RGTI) Q3 2024 Earnings Call Transcript Rigetti Computing, Inc. (NASDAQ:RGTI ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton - Needham and Company Brian Kinstlinger - Alliance Global Partners Craig Ellis - B. Riley Operator Good day. seekingalpha.com - 5 days ago
Rigetti Computing Reports Third Quarter 2024 Financial Results and Business Updates BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap. globenewswire.com - 5 days ago
Rigetti Set to Report Q3 Earnings: Buy, Sell or Hold the Stock? RGTI's third-quarter 2024 performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships. zacks.com - 1 week ago
Rigetti Computing, Inc. (RGTI) Stock Dips While Market Gains: Key Facts In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.12, denoting a -0.88% change from the preceding trading day. zacks.com - 1 week ago
Wall Street Bulls Look Optimistic About Rigetti Computing (RGTI): Should You Buy? The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. zacks.com - 2 weeks ago
Rigetti and Riverlane Progress Towards Fault Tolerant Quantum Computing with Real-Time and Low Latency Error Correction on Rigetti QPU By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers globenewswire.com - 2 weeks ago
Fully Operational Rigetti QPU Included in UK's Recently Opened National Quantum Computer Centre The UK's National Quantum Computing Centre (NQCC) officially opened the doors of its landmark facility on Harwell Campus on October 25. The state-of-the-art facility includes a fully operational 24-qubit Ankaa ™ -class Rigetti system, which will be made available to NQCC researchers for testing, benchmarking, and exploratory applications development. globenewswire.com - 2 weeks ago
Here is What to Know Beyond Why Rigetti Computing, Inc. (RGTI) is a Trending Stock Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. zacks.com - 2 weeks ago
Rigetti Computing to Report Third Quarter 2024 Financial Results and Host Conference Call on November 12, 2024 BERKELEY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2024 results on Tuesday, November 12, 2024 pre-market open. globenewswire.com - 2 weeks ago
Rigetti Computing, Inc. (RGTI) Declines More Than Market: Some Information for Investors In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.21, denoting a -1.63% change from the preceding trading day. zacks.com - 3 weeks ago
8. Profile Summary

Rigetti Computing, Inc. RGTI

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COUNTRY US
INDUSTRY Computer Hardware
MARKET CAP $ 271 M
Dividend Yield 0.00%
Description Rigetti 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.
Contact 775 Heinz Avenue, Berkeley, CA, 94710 https://www.rigetti.com
IPO Date April 22, 2021
Employees 134
Officers Dr. Andrew Bestwick Senior Vice President of Quantum Systems Mr. Richard Danis General Counsel & Corporate Secretary Dr. Subodh K. Kulkarni Ph.D. Chief Executive Officer, President & Director Ms. Jackie Kaweck Senior Vice President of Human Resources Mr. David Rivas Chief Technology Officer Mr. Jeffrey A. Bertelsen Chief Financial Officer Mr. Mike Pelstring Senior Vice President of Engineering