Rigetti Computing, Inc.
RGTI · Price history
Price at last available close
$12.40
−$3.34 (-21.22%) 1M
2026-10-28
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Rigetti Computing, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Rigetti Computing, Inc. operates as a full-stack quantum computing enterprise. This company develops and manufactures both quantum computers and the crucial superconducting quantum processors that enable their operation. Its sophisticated machines are made accessible through diverse cloud environments—public, private, or hybrid—via its specialized Quantum Cloud Services platform.
How they make money
Rigetti generates revenue primarily through collaborative research and professional services contracts, as well as providing access to its quantum computing systems via a cloud-based platform. The company also engages in the sale of quantum computing hardware systems to research and commercial entities.
Products & services
Rigetti develops and sells superconducting quantum processors and quantum computing systems, including the Novera and Cepheus product lines, and provides access to these systems through its Quantum Cloud Services (QCS) platform.
Brands & revenue mix
Trade name for the company's 9-qubit quantum processing unit.
Separate brand revenue is not available in this research.Source
Trade name for the company's multi-chip quantum computing systems.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
For the year ended December 31, 2025, the company's revenue is derived from a limited number of collaborative research and professional services contracts.
Suppliers, materials & equipment
- Cryogenic equipment suppliers — Unnamed suppliers of specialized cryogenic computing equipment required for quantum system operations.Source
Business relationships & partnerships
- Quanta Computer, Inc. — Strategic collaboration agreement focused on quantum computing technology development.Source
- Microsoft — Distribution partnership providing public access to Rigetti's quantum systems via the Azure Quantum platform.Source
- Amazon — Distribution partnership providing public access to Rigetti's quantum systems via the Amazon Braket platform.Source
Competitors
- IonQ, Inc. — Competitor in the quantum computing hardware and software market utilizing ion trap technology.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
32
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
47
Business Quality / Moat
41
Management
40
Growth Quality
82
Risk / Durability
30
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
45
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
55/100
Building Historical Record
Model Score 55/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Balance-sheet / debt profile scores strongly
- •Material dilution — approximately 67.7% share-count growth
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for RGTI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can RGTI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can RGTI fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is RGTI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for RGTI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify RGTI's current valuation?
Essential Investment Snapshot
Wall Street Score
32
Opportunity Score
45
Market Cap
$4.14B
P/E Ratio
-15.9
EPS
$-0.74
52-Week High
$55.16
52-Week Low
$11.55
Beta
2.03
Analyst Target
$20.00
Shares Outstanding
309.8M
Total Revenue
$13.4M
Total Debt
$7.7M
Dividend
No current dividend
Liquidation Value / Share
$1.73
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for RGTI
Detected from reported data — verify before acting.Material dilution — approximately 67.7% share-count growth
Diluted shares outstanding grew ~67.7% year-over-year. Substantial dilution reduces per-share value and can signal financing stress. Wall Street Score is capped.
Community Sentiment
0 active · 0 total callsNo personal call yet on RGTI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary multi-chip quantum processor technology.
- +High-speed superconducting gate performance.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Computer Hardware industry.
- −History of operating losses and accumulated deficit.
- −Dependence on a limited number of customers for revenue.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
32
Oct 1, 2026
Change
+0.1
points
Current Score
32
Oct 15, 2026
Category Changes
RGTI increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
39
Projected Change
+7.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 7.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$12.40
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.4M | $7.1M | $10.8M | $12.0M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $13.7M | $13.2M | $5.1M | $2.8M | ···· | ···· | ···· | ···· |
| Gross Profit | -$365K | -$6.1M | $5.7M | $9.2M | ···· | ···· | ···· | ···· |
| Research & Development | $73.1M | $61.3M | $49.8M | $52.8M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $20.4M | $17.2M | $24.5M | $27.7M | ···· | ···· | ···· | ···· |
| Operating Expenses | $96.8M | $78.6M | $74.2M | $81.5M | ···· | ···· | ···· | ···· |
| EBITDA | -$228.7M | -$208.0M | -$190.8M | -$61.9M | ···· | ···· | ···· | ···· |
| Operating Income | -$97.2M | -$84.7M | -$68.5M | -$72.3M | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $3.3M | $5.8M | ···· | ···· | ···· | ···· |
| Income Before Tax | -$238.7M | -$216.2M | -$201.0M | -$75.1M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Net Income | -$238.7M | -$216.2M | -$201.0M | -$75.1M | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.74 | $-0.70 | $-1.09 | $-0.57 | ···· | ···· | ···· | ···· |
| Basic Shares | 333M | 310M | 185M | 132M | ···· | ···· | ···· | ···· |
| Diluted Shares | 333M | 310M | 185M | 132M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$5.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.16
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-3.9%
Cash Change
-51.4%
Margin Change
+1177.9 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, EPS growth, debt levels, net income margin. Pressure indicators included cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 185.3%. EPS increased 23.1%. Cash declined 51.4%. Total debt declined 3.9%. Net income margin improved by 1177.9 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Computer HardwareNews
Rigetti Computing (RGTI) Is Considered a Good Investment by Brokers: Is That True?
Is Trending Stock Rigetti Computing, Inc. (RGTI) a Buy Now?
Rigetti Computing, Inc. (RGTI) Suffers a Larger Drop Than the General Market: Key Insights
BigBear.ai vs. Rigetti Computing: Which Technology Stock Is a Better Buy in 2026?
Rumor Mill · RGTI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial