Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Rigetti Computing, Inc.

RGTI · Nasdaq · Technology

Fundamental quality

DEMANDING

44

out of 100

Rigetti Computing, Inc. is going through a tough financial stretch: it hasn't been profitable over the last twelve months and its revenue is shrinking. On fundamental quality it scores 44 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its growth (revenue -7.9%/yr). 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
12

Revenue growth: -7.9%

II.Profitability
25

ROE: -38.7%

III.Financial health
94

Net debt/EBITDA: 0.6x

Source: SEC EDGAR · TTM through 31/03/2026

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

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

Strengths

  • Low leverage (net debt of 0.6× EBITDA).

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Declining revenue (-7.9% annualized).
  • Erratic free cash flow, with several years in the red.

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.

Advertising

Invest smart: choose your broker well

Open your account in minutes with regulated brokers and buy U.S. and European stocks from small amounts. No paperwork.

Interactive BrokersGlobal markets

The serious investor's standard

Open free account →
WebullCommission-free

Popular in the U.S.

Open free account →

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 44 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 0.6 times its EBITDA, a low level.

Is Rigetti Computing, Inc. growing?

Its revenue has fallen 7.9% 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.

Was this page helpful?