RGTI

Rigetti Computing, Inc. Information Technology Services-Computer Programming Services Russell 3000
$11.25Close $3.7BMarket cap $11.25 – $44.2752-week range Nov 10, 2026Next report · after the close

Highlights

Cautions

  • Not in an uptrend 0 of 8 trend conditions
  • Lagging the market RS 4 · weaker than 96% of stocks over 12 months
  • Far from its high 75% below its 52-week high
  • Distribution down-day volume 1.6× up-day volume over 50 sessions
  • Results soon Nov 10, 2026, in 9 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 6, 2026
Off 12-month high 75%
1wk down 2.3% price change
1mo down 28.5% price change
12-month return down 74% market up 11% · its own down 82%
F-score 4 / 9 Weak
Altman Z″ 4.50 Low risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 6.8× price / book
Earnings yield down 2.3% EBIT / enterprise value
Cheaper than 20% of the market · expensive
Revenue growth down 34% year on year
EPS growth — latest quarter
Sales growth up 185% latest quarter · -14 pts
ROE down 64% return on equity
Free cash margin down 1089% -$77.2M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • operating cash flow is negative
  • issued more shares
  • gross margin narrowed
  • assets working less efficiently
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • short-term liquidity improved

Trade setup

ATR% 7.1% $0.80 a day · 2×ATR $9.64
RS 4 / 99 vs the universe
Trend 0 / 8 trend template
Relative volume 0.9× vs 50-day average
Up/down volume 0.63 50 sessions
Implied move — no option chain · report Nov 10, 2026
Trend template · 0 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Shareholders diluted The share count rose 16.8% over the year, from 284m to 331m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
  • Gross margin narrowing Gross margin fell from 52.8% to 29.1%. The company is keeping less of each dollar of sales than it did a year ago.
  • Revenue shrinking Revenue fell 34.3% over the year, from $10.8M to $7.1M.
Last reported Aug 6, 2026
Results reaction Aug 6, 2026+6% vs market2 sessions after results

Financials

5 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $7.1M -34% on FY2024
$0 $20M FY21 FY22 FY23 FY24 FY25 FY2021 · $8.2M FY2022 · $13.1M FY2023 · $12.0M FY2024 · $10.8M FY2025 · $7.1M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$216.2M
-$250M $0 FY21 FY22 FY23 FY24 FY25 FY2021 · -$38.2M FY2022 · -$71.5M FY2023 · -$75.1M FY2024 · -$201.0M FY2025 · -$216.2M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$77.2M
-$100M $0 FY21 FY22 FY23 FY24 FY25 FY2021 · -$36.1M FY2022 · -$85.4M FY2023 · -$59.6M FY2024 · -$61.7M FY2025 · -$77.2M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 29%
  • Net -3050%
  • Free cash -1089%
-5000% 0% FY21 FY22 FY23 FY24 FY25 FY2021 · Gross 80% · Net -467% · Free cash -440% FY2022 · Gross 78% · Net -546% · Free cash -652% FY2023 · Gross 77% · Net -625% · Free cash -497% FY2024 · Gross 53% · Net -1863% · Free cash -572% FY2025 · Gross 29% · Net -3050% · Free cash -1089%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $100M FY21 FY22 FY23 FY24 FY25 FY2021 · Cash $11.7M · Long-term debt $27.0M FY2022 · Cash $57.9M · Long-term debt $20.6M FY2023 · Cash $21.4M · Long-term debt $9.9M FY2024 · Cash $67.7M · Long-term debt $0 FY2025 · Cash $44.9M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 331.28m +1718.1% since FY2021
331.28m 18.22m FY21 FY22 FY23 FY24 FY25 FY2021 · 18.22m FY2022 · 125.26m FY2023 · 147.07m FY2024 · 283.55m FY2025 · 331.28m
  FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $8.2M $13.1M $12.0M $10.8M $7.1M
Gross margin 80% 78% 77% 53% 29%
Operating income -$34.1M -$109.1M -$72.3M -$68.5M -$84.7M
Net income -$38.2M -$71.5M -$75.1M -$201.0M -$216.2M
Net margin -467% -546% -625% -1863% -3050%
Earnings per share -$1.64 -$0.70 -$0.57 -$1.09 -$0.70
Free cash flow -$36.1M -$85.4M -$59.6M -$61.7M -$77.2M
Free cash margin -440% -652% -497% -572% -1089%
Cash $11.7M $57.9M $21.4M $67.7M $44.9M
Long-term debt $27.0M $20.6M $9.9M $0 —
Shareholders' equity -$71.5M $150.2M $109.6M $126.6M $546.2M
Shares outstanding 18.22m 125.26m 147.07m 283.55m 331.28m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 6, 2026 Quarterly ↗ Jun 30, 2026 37d
May 11, 2026 Quarterly ↗ Mar 31, 2026 41d
Mar 4, 2026 Annual ↗ Dec 31, 2025 63d
Nov 10, 2025 Quarterly ↗ Sep 30, 2025 41d
Aug 12, 2025 Quarterly ↗ Jun 30, 2025 43d
May 12, 2025 Quarterly ↗ Mar 31, 2025 42d
Mar 7, 2025 Annual ↗ Dec 31, 2024 66d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
May 9, 2024 Quarterly ↗ Mar 31, 2024 39d
Mar 14, 2024 Annual ↗ Dec 31, 2023 74d
Nov 9, 2023 Quarterly ↗ Sep 30, 2023 40d

Current reports