Rigetti Computing, Inc. (NASDAQ:RGTIW)

Rigetti Computing, Inc. RGTIW

Technology - Computer Hardware - NASDAQ - US

Watchlist

$ 0.4

2.56 %

$ 306 M

Market Cap

-0.21

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 RGTIW stock under the base case scenario is HIDDEN Compared to the current market price of 0.4 USD, Rigetti Computing, Inc. is HIDDEN

RGTIW Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart RGTIW

FINANCIALS

Annual
Quarterly

12 M REVENUE

Growth Rates

1Year -8.35%

3Years 29.40%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-72.3 M OPERATING INCOME

Growth Rates

1Year 30.29%

3Years -27.24%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-75.1 M NET INCOME

Growth Rates

1Year -5.01%

3Years -42.19%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-50.6 M OPERATING CASH FLOW

Growth Rates

1Year 19.32%

3Years -18.93%

5Years 0.00%

7Years 0.00%

10Years 0.00%

773 K INVESTING CASH FLOW

Growth Rates

1Year 100.72%

3Years 29.58%

5Years 0.00%

7Years 0.00%

10Years 0.00%

13.2 M FINANCING CASH FLOW

Growth Rates

1Year -93.86%

3Years -38.29%

5Years 0.00%

7Years 0.00%

10Years 0.00%

2.38 M REVENUE

Growth Rates

1Year -8.35%

3Years 29.40%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-17.3 M OPERATING INCOME

Growth Rates

1Year 30.29%

3Years -27.24%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-14.8 M NET INCOME

Growth Rates

1Year -5.01%

3Years -42.19%

5Years 0.00%

7Years 0.00%

10Years 0.00%

-15.4 M OPERATING CASH FLOW

Growth Rates

1Year 19.32%

3Years -18.93%

5Years 0.00%

7Years 0.00%

10Years 0.00%

6.26 M INVESTING CASH FLOW

Growth Rates

1Year 100.72%

3Years 29.58%

5Years 0.00%

7Years 0.00%

10Years 0.00%

8.69 M FINANCING CASH FLOW

Growth Rates

1Year -93.86%

3Years -38.29%

5Years 0.00%

7Years 0.00%

10Years 0.00%

Balance Sheet Decomposition Rigetti Computing, Inc.

160 M ASSETS
50.3 M LIABILITIES

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.

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

Averages

1Year 76.68%

3Years 59.40%

5Years 62.42%

7Years 0.00%

10Years 0.00%

-602.06% OPERATING MARGIN

Averages

1Year -602.06%

3Years -603.32%

5Years -1785.78%

7Years 0.00%

10Years 0.00%

-625.47% NET MARGIN

Averages

1Year -625.47%

3Years -456.84%

5Years -1828.26%

7Years 0.00%

10Years 0.00%

-68.54% ROE

Averages

1Year -68.54%

3Years -13.12%

5Years 10.39%

7Years 0.00%

10Years 0.00%

-46.97% ROA

Averages

1Year -46.97%

3Years -49.09%

5Years -76.31%

7Years 0.00%

10Years 0.00%

-54.01% ROIC

Averages

1Year -54.01%

3Years -4.95%

5Years 19.66%

7Years 0.00%

10Years 0.00%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Rigetti Computing, Inc.

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.

RGTIW has no price targets from Wall Street.

4. DIVIDEND ANALYSIS

0.00% DIVIDEND YIELD

0 USD DIVIDEND PER SHARE

5. COMPETITION

Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them.

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

-2 USD

QBTS-WT

Overvalued 942.15%

6. Ownership

Insider Ownership Rigetti Computing, Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

48.8 K USD 2

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
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 Sep 14, 2022	Sell 18.6 K USD	Fitzgerald Alissa Director	- 8000	2.33 USD
3 years ago Mar 04, 2021	Bought 51.2 M USD	Supernova Partners LLC 10 percent owner	+ 4450000	11.5 USD

7. News

8. Profile Summary

Rigetti Computing, Inc. RGTIW

COUNTRY US

INDUSTRY Computer Hardware

MARKET CAP $ 306 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 March 2, 2022

Employees 134

Officers Mr. Jeffrey A. Bertelsen Chief Financial Officer Dr. Andrew Bestwick Senior Vice President of Quantum Systems Mr. Mike Pelstring Senior Vice President of Engineering Dr. Subodh K. Kulkarni Ph.D. Chief Executive Officer, President & Director Mr. Richard Danis General Counsel & Corporate Secretary Ms. Jackie Kaweck Senior Vice President of Human Resources Mr. David Rivas Chief Technology Officer

Price Chart RGTIW

Rigetti Computing, Inc. RGTIW

Premium Plan

Unlimited Plan