Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Rigetti Computing, Inc.

RGTI · Nasdaq · Technology

Fundamental quality

DEMANDING

50

out of 100

Rigetti Computing, Inc. is going through a tough financial stretch: it hasn't been profitable over the last twelve months. On fundamental quality it scores 50 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (ROE -44.4%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Rigetti builds superconducting quantum computers and offers them via the cloud. Like the whole sector, it's pre-commercial: very small revenue (mostly government research contracts) and a stock that trades on expectations, not results.

What will shape its future

  • Technical progress on its quantum chips versus giants with a thousand times its resources.
  • Cash and dilution: funding years of development by issuing shares is its daily reality.
  • Government research contracts, its main revenue source while the technology matures.

Breakdown by area

I.Growth
30

Revenue growth: 0.5%

II.Profitability
25

ROE: -44.4%

III.Financial health
95

Net debt/EBITDA: 0.32x

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 100 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

ROEbeats 3%
Growthbeats 6%
Less debtbeats 61%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Rigetti Computing, Inc. strengths

  • Low leverage (net debt of 0.32× EBITDA).

Rigetti Computing, Inc. risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Erratic free cash flow, with several years in the red.
  • Weak revenue growth (0.5% annualized).

Rigetti Computing, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202213-72-85-29
202312-75-601
202411-201-62-68
20257-216-77-45

Between 2022 and 2025, revenue went from $13M to $7M (-46%) and net income went from -$72M to -$216M (-202%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+191.4%
  • Net income-757.6%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score4450
  • ROE-38.7%-44.4%
  • Revenue growth-7.9%0.5%
  • Net debt/EBITDA0.6×0.32×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Rigetti Computing, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Rigetti Computing, Inc. a good company to invest in?

In terms of business quality, Rigetti Computing, Inc. scores 50 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Does Rigetti Computing, Inc. have a lot of debt?

Not particularly. Its net debt is 0.32 times its EBITDA, a low level.

Is Rigetti Computing, Inc. growing?

Its revenue has grown 0.5% annualized in recent years.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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