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RIGETTI COMPUTING INC (RGTI) Stock Fundamental Analysis

NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock - Currency: USD

13.15  -1.01 (-7.13%)

Premarket: 12.49 -0.66 (-5.02%)

Fundamental Rating

4

Taking everything into account, RGTI scores 4 out of 10 in our fundamental rating. RGTI was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. No worries on liquidiy or solvency for RGTI as it has an excellent financial health rating, but there are worries on the profitability. RGTI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

RGTI had negative earnings in the past year.
In the past year RGTI has reported a negative cash flow from operations.
RGTI had negative earnings in each of the past 5 years.
RGTI had a negative operating cash flow in each of the past 5 years.
RGTI Yearly Net Income VS EBIT VS OCF VS FCFRGTI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -50M -100M -150M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -51.12%, RGTI is doing worse than 87.27% of the companies in the same industry.
RGTI has a worse Return On Equity (-66.43%) than 85.45% of its industry peers.
Industry RankSector Rank
ROA -51.12%
ROE -66.43%
ROIC N/A
ROA(3y)-50.88%
ROA(5y)-47.83%
ROE(3y)-91.47%
ROE(5y)-94.71%
ROIC(3y)N/A
ROIC(5y)N/A
RGTI Yearly ROA, ROE, ROICRGTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -50 -100 -150

1.3 Margins

RGTI's Gross Margin of 50.37% is fine compared to the rest of the industry. RGTI outperforms 62.73% of its industry peers.
In the last couple of years the Gross Margin of RGTI has declined.
RGTI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 50.37%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.28%
GM growth 5YN/A
RGTI Yearly Profit, Operating, Gross MarginsRGTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

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8

2. Health

2.1 Basic Checks

RGTI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, RGTI has more shares outstanding
RGTI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
RGTI Yearly Shares OutstandingRGTI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
RGTI Yearly Total Debt VS Total AssetsRGTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

2.2 Solvency

An Altman-Z score of 34.31 indicates that RGTI is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 34.31, RGTI belongs to the top of the industry, outperforming 93.64% of the companies in the same industry.
RGTI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 34.31
ROIC/WACCN/A
WACC11.3%
RGTI Yearly LT Debt VS Equity VS FCFRGTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 50M -50M 100M 150M

2.3 Liquidity

RGTI has a Current Ratio of 18.82. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
RGTI's Current ratio of 18.82 is amongst the best of the industry. RGTI outperforms 99.09% of its industry peers.
A Quick Ratio of 18.82 indicates that RGTI has no problem at all paying its short term obligations.
The Quick ratio of RGTI (18.82) is better than 99.09% of its industry peers.
Industry RankSector Rank
Current Ratio 18.82
Quick Ratio 18.82
RGTI Yearly Current Assets VS Current LiabilitesRGTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 50M 100M 150M 200M

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6

3. Growth

3.1 Past

RGTI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -69.81%.
RGTI shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -28.43%.
Measured over the past years, RGTI shows a very strong growth in Revenue. The Revenue has been growing by 24.88% on average per year.
EPS 1Y (TTM)-69.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%42.86%
Revenue 1Y (TTM)-28.43%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-51.77%

3.2 Future

The Earnings Per Share is expected to grow by 18.60% on average over the next years. This is quite good.
Based on estimates for the next years, RGTI will show a very strong growth in Revenue. The Revenue will grow by 74.88% on average per year.
EPS Next Y82.47%
EPS Next 2Y34.69%
EPS Next 3Y21.53%
EPS Next 5Y18.6%
Revenue Next Year7.04%
Revenue Next 2Y62.01%
Revenue Next 3Y43.47%
Revenue Next 5Y74.88%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
RGTI Yearly Revenue VS EstimatesRGTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M
RGTI Yearly EPS VS EstimatesRGTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 -0.2 -0.4 -0.6 -0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

RGTI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year RGTI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
RGTI Price Earnings VS Forward Price EarningsRGTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 -40 -60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
RGTI Per share dataRGTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5

4.3 Compensation for Growth

RGTI's earnings are expected to grow with 21.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.69%
EPS Next 3Y21.53%

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0

5. Dividend

5.1 Amount

No dividends for RGTI!.
Industry RankSector Rank
Dividend Yield N/A

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RIGETTI COMPUTING INC

NASDAQ:RGTI (5/29/2025, 8:11:01 PM)

Premarket: 12.49 -0.66 (-5.02%)

13.15

-1.01 (-7.13%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners38.45%
Inst Owner Change35.06%
Ins Owners0.58%
Ins Owner Change-4.24%
Market Cap3.82B
Analysts81.67
Price Target15.1 (14.83%)
Short Float %23.22%
Short Ratio1.49
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-402.75%
Min EPS beat(2)-699.1%
Max EPS beat(2)-106.4%
EPS beat(4)2
Avg EPS beat(4)-190.13%
Min EPS beat(4)-699.1%
Max EPS beat(4)29.01%
EPS beat(8)4
Avg EPS beat(8)-95.88%
EPS beat(12)5
Avg EPS beat(12)-64.85%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-27.13%
Min Revenue beat(2)-43.43%
Max Revenue beat(2)-10.82%
Revenue beat(4)0
Avg Revenue beat(4)-24.65%
Min Revenue beat(4)-43.43%
Max Revenue beat(4)-10.82%
Revenue beat(8)2
Avg Revenue beat(8)-11.92%
Revenue beat(12)4
Avg Revenue beat(12)-11.42%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)20.33%
EPS NQ rev (1m)31.61%
EPS NQ rev (3m)52.72%
EPS NY rev (1m)13.04%
EPS NY rev (3m)40.73%
Revenue NQ rev (1m)-20.37%
Revenue NQ rev (3m)-35%
Revenue NY rev (1m)-15.83%
Revenue NY rev (3m)-24.37%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 414.52
P/FCF N/A
P/OCF N/A
P/B 18.43
P/tB 18.43
EV/EBITDA N/A
EPS(TTM)-0.9
EYN/A
EPS(NY)-0.18
Fwd EYN/A
FCF(TTM)-0.2
FCFYN/A
OCF(TTM)-0.18
OCFYN/A
SpS0.03
BVpS0.71
TBVpS0.71
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -51.12%
ROE -66.43%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 50.37%
FCFM N/A
ROA(3y)-50.88%
ROA(5y)-47.83%
ROE(3y)-91.47%
ROE(5y)-94.71%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.28%
GM growth 5YN/A
F-Score3
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 117.33%
Cap/Sales 88.51%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 18.82
Quick Ratio 18.82
Altman-Z 34.31
F-Score3
WACC11.3%
ROIC/WACCN/A
Cap/Depr(3y)202.21%
Cap/Depr(5y)N/A
Cap/Sales(3y)117.3%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-69.81%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%42.86%
EPS Next Y82.47%
EPS Next 2Y34.69%
EPS Next 3Y21.53%
EPS Next 5Y18.6%
Revenue 1Y (TTM)-28.43%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-51.77%
Revenue Next Year7.04%
Revenue Next 2Y62.01%
Revenue Next 3Y43.47%
Revenue Next 5Y74.88%
EBIT growth 1Y-10.01%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year18.85%
EBIT Next 3Y12.82%
EBIT Next 5Y17.85%
FCF growth 1Y32.02%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y18.2%
OCF growth 3YN/A
OCF growth 5YN/A