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RIGETTI COMPUTING INC (RGTI) Stock Fundamental Analysis

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

10.63  +1.49 (+16.3%)

After market: 10.5602 -0.07 (-0.66%)

Fundamental Rating

4

RGTI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. While RGTI has a great health rating, there are worries on its profitability. RGTI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year RGTI has reported negative net income.
RGTI had a negative operating cash flow in the past year.
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 -70.57%, RGTI is doing worse than 93.64% of the companies in the same industry.
The Return On Equity of RGTI (-158.77%) is worse than 87.27% of its industry peers.
Industry RankSector Rank
ROA -70.57%
ROE -158.77%
ROIC N/A
ROA(3y)-50.88%
ROA(5y)-47.82%
ROE(3y)-91.38%
ROE(5y)-94.66%
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

With a decent Gross Margin value of 52.80%, RGTI is doing good in the industry, outperforming 70.00% of the companies in the same industry.
RGTI's Gross Margin has declined in the last couple of years.
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 52.8%
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.
The number of shares outstanding for RGTI has been increased compared to 1 year ago.
There is no outstanding debt for RGTI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

RGTI has an Altman-Z score of 8.91. This indicates that RGTI is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 8.91, RGTI is doing good in the industry, outperforming 79.09% 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 8.91
ROIC/WACCN/A
WACC9.56%
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 17.42. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
RGTI's Current ratio of 17.42 is amongst the best of the industry. RGTI outperforms 98.18% of its industry peers.
RGTI has a Quick Ratio of 17.42. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
RGTI's Quick ratio of 17.42 is amongst the best of the industry. RGTI outperforms 98.18% of its industry peers.
Industry RankSector Rank
Current Ratio 17.42
Quick Ratio 17.42
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 -65.52%.
The Revenue for RGTI has decreased by -10.20% in the past year. This is quite bad
The Revenue has been growing by 24.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-65.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-644.44%
Revenue 1Y (TTM)-10.2%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-32.64%

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 Y79.84%
EPS Next 2Y35.02%
EPS Next 3Y23.12%
EPS Next 5Y18.6%
Revenue Next Year27.17%
Revenue Next 2Y74.67%
Revenue Next 3Y65.63%
Revenue Next 5Y74.88%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 -40

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

4.3 Compensation for Growth

RGTI's earnings are expected to grow with 23.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y35.02%
EPS Next 3Y23.12%

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0

5. Dividend

5.1 Amount

RGTI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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RIGETTI COMPUTING INC

NASDAQ:RGTI (5/2/2025, 8:21:17 PM)

After market: 10.5602 -0.07 (-0.66%)

10.63

+1.49 (+16.3%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-05 2025-03-05/amc
Earnings (Next)05-12 2025-05-12/amc
Inst Owners38.45%
Inst Owner Change11.53%
Ins Owners0.58%
Ins Owner Change-5.49%
Market Cap3.05B
Analysts81.67
Price Target15.1 (42.05%)
Short Float %22.26%
Short Ratio1.28
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)1
Avg EPS beat(2)-341.57%
Min EPS beat(2)-699.1%
Max EPS beat(2)15.96%
EPS beat(4)2
Avg EPS beat(4)-169.73%
Min EPS beat(4)-699.1%
Max EPS beat(4)29.01%
EPS beat(8)4
Avg EPS beat(8)-85.13%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-20.42%
Min Revenue beat(2)-30.02%
Max Revenue beat(2)-10.82%
Revenue beat(4)0
Avg Revenue beat(4)-15.74%
Min Revenue beat(4)-30.02%
Max Revenue beat(4)-7.79%
Revenue beat(8)2
Avg Revenue beat(8)-13.43%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)62.64%
EPS NQ rev (1m)25.49%
EPS NQ rev (3m)44.77%
EPS NY rev (1m)21.67%
EPS NY rev (3m)40.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-10.24%
Revenue NY rev (1m)-3.45%
Revenue NY rev (3m)-13.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 282.72
P/FCF N/A
P/OCF N/A
P/B 24.1
P/tB 24.1
EV/EBITDA N/A
EPS(TTM)-0.96
EYN/A
EPS(NY)-0.19
Fwd EYN/A
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)-0.18
OCFYN/A
SpS0.04
BVpS0.44
TBVpS0.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -70.57%
ROE -158.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.8%
FCFM N/A
ROA(3y)-50.88%
ROA(5y)-47.82%
ROE(3y)-91.38%
ROE(5y)-94.66%
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 Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 160.7%
Cap/Sales 102.85%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 17.42
Quick Ratio 17.42
Altman-Z 8.91
F-Score3
WACC9.56%
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)-65.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-644.44%
EPS Next Y79.84%
EPS Next 2Y35.02%
EPS Next 3Y23.12%
EPS Next 5Y18.6%
Revenue 1Y (TTM)-10.2%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-32.64%
Revenue Next Year27.17%
Revenue Next 2Y74.67%
Revenue Next 3Y65.63%
Revenue Next 5Y74.88%
EBIT growth 1Y3.92%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year42.42%
EBIT Next 3Y16.31%
EBIT Next 5Y17.85%
FCF growth 1Y-3.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.09%
OCF growth 3YN/A
OCF growth 5YN/A