Gross margin
29.1% Fiscal year 2025
Rank 17 of 100: higher than 17% of 153 peers (All). weak.
Rank 10 of 100: higher than 10% of 57 peers (Sector). weak.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
Rigetti Computing, based in California, builds quantum computers with superconducting circuits and makes the chips itself. The company offers computing time via the cloud, plus research contracts from government agencies. Revenue is still small. As of Oct 16, 2026
Rigetti builds and operates quantum computers based on superconducting qubits. The company is vertically integrated and makes its quantum processors in its own chip fab. Since 2017 Rigetti has offered access to its computers through its own cloud platform and through public cloud providers. Since the end of 2023 the company has also sold its own quantum processor, Novera, to end users, for example to a university in Montana. Rigetti currently earns most of its revenue from development contracts with partners. Its contract partners include the research agency DARPA and Fermilab, among others.
Automatically summarized from SEC annual report (10-K, filed Mar 4, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
This method currently detects no pattern for RGTI. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Rigetti Computing · Sector Technology · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 4, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
29.1% Fiscal year 2025
Rank 17 of 100: higher than 17% of 153 peers (All). weak.
Rank 10 of 100: higher than 10% of 57 peers (Sector). weak.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
−1,194.4% Fiscal year 2025
Rank 2 of 100: higher than 2% of 192 peers (All). weak.
Rank 3 of 100: higher than 3% of 60 peers (Sector). weak.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
−3,050.4% Fiscal year 2025
Rank 1 of 100: higher than 1% of 237 peers (All). weak.
Rank 1 of 100: higher than 1% of 63 peers (Sector). weak.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
−39.6% Fiscal year 2025
Rank 5 of 100: higher than 5% of 218 peers (All). weak.
Rank 9 of 100: higher than 9% of 61 peers (Sector). weak.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
−32.4% Fiscal year 2025 (total assets at year end)
Rank 4 of 100: higher than 4% of 238 peers (All). weak.
Rank 4 of 100: higher than 4% of 63 peers (Sector). weak.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
81.9% Fiscal year 2025
Rank 95 of 100: higher than 95% of 239 peers (All). strong.
Rank 93 of 100: higher than 93% of 63 peers (Sector). strong.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
−1,089.4% Fiscal year 2025
Rank 2 of 100: higher than 2% of 213 peers (All). weak.
Rank 2 of 100: higher than 2% of 62 peers (Sector). weak.
Median Technology: 19.0%
Free cash flow divided by revenue.
−77.2M USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
−18.5% per year
Rank 1 of 100: higher than 1% of 230 peers (All). weak.
Rank 1 of 100: higher than 1% of 59 peers (Sector). weak.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
3 of 8 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
37.42 at fiscal year end
Rank 98 of 100: higher than 98% of 215 peers (All). strong.
Rank 98 of 100: higher than 98% of 63 peers (Sector). strong.
Median Technology: 2.02
Current assets divided by current liabilities.
+202.8% in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 7.1M USD · Net income −216.2M USD · Net margin −3,050.4%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 29.1 USD gross profit remained.
Operating loss: −1,194.4% of revenue
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 7.1M USD | 100.0% |
| Gross profit | 2.1M USD | 29.1% |
| Cost of revenue | 5.0M USD | 70.9% |
| Operating expenses | 86.7M USD | 1,223.5% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Return on equity rose in 3 years from −47.6% to −39.6%.
Return on equityReturn on assetsThe equity ratio rose in 4 years from −13.4% to 81.9%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases. Definition changes: some years use a different debt tag.The current ratio rose in 4 years from 0.18 to 37.42.
Current ratioFree cash flow rose in 3 years from −85.4M USD to −77.2M USD.
Operating cash flowCapital expenditureFree cash flow in USDThe share count rose in 3 years by 202.8% – more new shares were issued than repurchased (dilution).
Diluted share countFrom annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Rigetti Computing next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| AI C3.ai | 250.3M USD | +6.4% | 30.9% | −199.2% | −187.9% | −71.9% | 80.1% | −76.8% | – |
| CIFR Cipher Mining | 223.9M USD | – | 63.7% | −188.2% | −367.2% | −102.1% | 18.8% | −310.7% | 3/9 |
| WULF TeraWulf | 168.5M USD | – | 39.2% | −110.5% | −392.6% | – | 2.1% | −702.5% | 1/9 |
| IONQ IonQ | 130.0M USD | – | 40.4% | −487.4% | −392.6% | −13.4% | 57.8% | −230.4% | – |
| AXTI AXT | 88.3M USD | −1.5% | 12.7% | −24.9% | −24.1% | −7.8% | 63.0% | −21.3% | – |
| ONDS Ondas Holdings | 50.7M USD | +87.9% | 39.7% | −115.1% | −260.7% | −30.2% | 38.6% | −80.4% | – |
| DVLT Datavault AI | 39.1M USD | +74.7% | 77.8% | −83.1% | −202.1% | −33.2% | 86.6% | −61.4% | 5/9 |
| RGTI Rigetti Computing this stock | 7.1M USD | – | 29.1% | −1,194.4% | −3,050.4% | −39.6% | 81.9% | −1,089.4% | – |
| QUBT Quantum Computing Inc. | 682.0K USD | – | 9.8% | −7,489.3% | −2,738.1% | −1.2% | 98.7% | −5,422.9% | – |
| Median of the sector 63 symbols | 11.0B USD | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
−18.5% per year, last 3 years
Sector Technology: median +10.0% (93 symbols)
What does this mean? Revenue: over 3 years it fell by 18.5% per year on average. The median company in the sector reached +10.0% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
– per year, last 3 years
Sector Technology: median +6.6% (63 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
−3,050.4% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 USD in revenue there was no profit but a loss of 3,050.37 USD.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
– latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
0 of 5 fiscal years with a profit
What does this mean? In 0 of the last 5 fiscal years the bottom line showed a profit. 5 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 7.1M | −216.2M | −3,050.4% | −0.70 | – | – |
| 2024 | Dec 31, 2024 | 10.8M | −201.0M | −1,862.7% | −1.09 | – | – |
| 2023 | Dec 31, 2023 | 12.0M | −75.1M | −625.5% | −0.57 | – | – |
| 2022 | Dec 31, 2022 | 13.1M | −71.5M | −545.9% | −0.70 | – | – |
| 2021 | Dec 31, 2021 | – | −23.2M | – | – | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 5.1M | −52.6M | −1,023.9% | −0.16 | – | – |
| Q1/26 | Mar 31, 2026 | 4.4M | 33.1M | 752.5% | −0.06 | – | – |
| Q4/25* | Dec 31, 2025 | 1.9M | −18.2M | −974.7% | – | – | – |
| Q3/25 | Sep 30, 2025 | 1.9M | −201.0M | −10,321.9% | −0.62 | – | – |
| Q2/25 | Jun 30, 2025 | 1.8M | −39.7M | −2,201.8% | −0.13 | – | – |
| Q1/25 | Mar 31, 2025 | 1.5M | 42.6M | 2,895.3% | 0.13 | – | – |
| Q4/24* | Dec 31, 2024 | 2.3M | −153.0M | −6,726.5% | – | – | – |
| Q3/24 | Sep 30, 2024 | 2.4M | −14.8M | −623.8% | −0.08 | – | – |
| Q2/24 | Jun 30, 2024 | 3.1M | −12.4M | −402.5% | −0.07 | – | – |
| Q1/24 | Mar 31, 2024 | 3.1M | −20.8M | −680.6% | −0.14 | – | – |
| Q4/23* | Dec 31, 2023 | 3.4M | −12.6M | −372.4% | – | – | – |
| Q3/23 | Sep 30, 2023 | 3.1M | −22.2M | −715.5% | −0.17 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $2.6M4 people | −$2.6M |
| 6 months | $00 people | $22.7M5 people | −$22.7M |
| 12 months | $00 people | $30.1M7 people | −$30.1M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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