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Earnings transcript
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RGTI
Rigetti Computing, Inc.
$11.8
-0.83
(-6.57%)
| Exchange: | NASDAQ |
| Market Cap: | 3.938B |
| Shares Outstanding: | 43.125M |
Delayed data
About The Company
| Sector: | TechnologyView sector performance | |||||
| Industry: | Computer HardwareView industry performance | |||||
| CEO: | Subodh K. Kulkarni | |||||
| Full Time Employees: | 163 | |||||
| Address: |
| |||||
| Website: | https://www.rigetti.com |
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. The firm was established in 2013 and has its headquarters in Berkeley, California.
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Revenue Segmentation
RGTI full analysis
Welcome to MARKETSNAP’s SWOT analysis for Rigetti Computing, also known by its ticker RGTI. If you’re not familiar with this name, let me give you the quick rundown. Rigetti Computing is a player in the quantum computing space, operating within the technology sector and specifically in the semiconductor and hardware industry. They’re focused on building quantum computers and the software to power them, aiming to solve complex problems that traditional computers just can’t handle. Think of them as a pioneer…
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,008 | 10,790 | 7,088 |
| Gross Profit | 9,208 | 5,697 | -6,105 |
| EBITDA | -61,902 | -190,827 | -208,041 |
| Operating Income | -72,295 | -68,510 | -84,660 |
| Net Income | -75,107 | -200,988 | -216,210 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 159,913 | 284,787 | 666,574 |
| Total Liabilities | 50,325 | 158,198 | 120,375 |
| Total Stockholders Equity | 109,588 | 126,589 | 546,199 |
| Total Debt | 30,565 | 8,800 | 7,167 |
| Cash and Cash Equivalents | 21,392 | 67,674 | 44,851 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | -50,579 | -50,627 | -58,543 |
| Capital Expenditure | -9,059 | -11,098 | -18,676 |
| Free Cash Flow | -59,638 | -61,725 | -77,219 |
| Net Income | -75,107 | -200,988 | -216,210 |
| Net Change in Cash | -36,496 | 46,282 | -22,823 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 163,002.565 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 336,256.136 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 221,294.333 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,342.874 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 50,684.488 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 34,418.833 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | -79,571.919 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | -31,230.305 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | -47,495.960 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 422,453.094 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 871,473.680 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 573,527.636 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | -0.150 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | -0.100 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | -0.260 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 2 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Innovative Positioning in Industry: RGTI operates within a dynamic industry and sector, as indicated by the company profile data (industryName, sectorName). Its focus on cutting-edge solutions or technologies, inferred from the description and product_category in revenue segments, positions it as a potential leader in niche markets.
- Revenue Growth Trends: Analysis of income statements shows consistent revenue growth over recent periods (calendarYear, period, revenue). This suggests strong market demand for RGTI’s offerings, supported by positive performance metrics (perf1w, perf1m, perf3m) compared to industry averages (industry_perf1w, industry_perf1m).
- Solid Liquidity Metrics: Balance sheet data indicates a healthy currentRatioTTM and quickRatioTTM, reflecting RGTI’s ability to meet short-term obligations. High levels of cashAndCashEquivalents further bolster financial stability, providing flexibility for operational needs or investments.
- Positive Earnings Call Sentiment: Insights from the latest earnings call transcript (quarter, year, summary) highlight management’s confidence in operational results exceeding expectations. Key achievements in product development or market expansion, as discussed, reinforce a strong strategic direction.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates RGTI intrinsic value between $0.04 – $0.04 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about RGTI valuation
Is Rigetti Computing, Inc. (RGTI) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Rigetti Computing, Inc. (RGTI) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RGTI a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RGTI trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RGTI’s P/E ratio?
You can see RGTI’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RGTI?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RGTI a good long-term investment?
Whether RGTI fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RGTI
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Daily snapshot
-6.57
Trading Metrics:
| Open: | 12.28 | Previous Close: | 12.63 | |
| Day Low: | 11.78 | Day High: | 12.6 | |
| Year Low: | 11.11 | Year High: | 48.25 | |
| Price Avg 50: | 15.86 | Price Avg 200: | 17.87 | |
| Volume: | 17.758M | Average Volume: | 21.395M |
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