(RGTI) Rigetti Computing - Overview
Stock: Quantum Computers, Quantum Processors, QCaaS, QPU, Quantum Software
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 158% |
| Relative Tail Risk | -14.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.77 |
| Alpha | -4.71 |
| Character TTM | |
|---|---|
| Beta | 2.483 |
| Beta Downside | 1.693 |
| Drawdowns 3y | |
|---|---|
| Max DD | 78.83% |
| CAGR/Max DD | 1.88 |
Description: RGTI Rigetti Computing January 09, 2026
Rigetti Computing, Inc. (NASDAQ:RGTI) designs and manufactures superconducting quantum processors and delivers them via a cloud-based Quantum Computing-as-a-Service (QCaaS) platform. Its product lineup includes the 9-qubit “Novera” QPU, the 84-qubit “Ankaa-3” system, and a suite of quantum-cloud services that support both public and private cloud integrations, quantum operating system software, and professional services such as algorithm development and benchmarking.
The company targets a diversified client base that spans commercial enterprises, U.S. and foreign government agencies, and research institutions. Founded in 2013 and headquartered in Berkeley, California, Rigetti operates globally across the United States, Europe, and Asia.
Recent financial filings (Q3 2024) show approximately $45 million of cash on hand and a year-over-year revenue increase of roughly 35 % to $12 million, reflecting growing demand for quantum-cloud access. The broader quantum-computing market is projected to expand at a ~30 % CAGR, reaching $5 billion by 2030, driven by increased R&D spending and corporate adoption of quantum-enhanced optimization. Rigetti’s partnership with Amazon Web Services to integrate its QPUs into the AWS Braket ecosystem is a key catalyst for scaling user adoption.
For a deeper quantitative view, you might explore ValueRay’s analyst toolkit to evaluate RGTI’s valuation metrics and risk profile.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income: -351.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.11 > 0.02 and ΔFCF/TA 31.17 > 1.0 |
| NWC/Revenue: 5934 % < 20% (prev 693.0%; Δ 5241 % < -1%) |
| CFO/TA -0.08 > 3% & CFO -52.2m > Net Income -351.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 39.22 > 1.5 & < 3 |
| Outstanding Shares: last quarter (325.0m) vs 12m ago 72.53% < -2% |
| Gross Margin: 32.23% > 18% (prev 0.34%; Δ 3189 % > 0.5%) |
| Asset Turnover: 1.90% > 50% (prev 7.56%; Δ -5.66% > 0%) |
| Interest Coverage Ratio: -885.6 > 6 (EBITDA TTM -387.4m / Interest Expense TTM 446.0k) |
Altman Z'' -9.06
| A: 0.71 (Total Current Assets 456.3m - Total Current Liabilities 11.6m) / Total Assets 630.3m |
| B: -1.19 (Retained Earnings -752.8m / Total Assets 630.3m) |
| C: -1.00 (EBIT TTM -395.0m / Avg Total Assets 393.8m) |
| D: -2.91 (Book Value of Equity -752.0m / Total Liabilities 258.4m) |
| Altman-Z'' Score: -9.06 = D |
Beneish M 1.00
| DSRI: 0.57 (Receivables 2.28m/6.38m, Revenue 7.49m/11.9m) |
| GMI: 1.04 (GM 32.23% / 33.50%) |
| AQI: 158.5 (AQ_t 0.18 / AQ_t-1 0.00) |
| SGI: 0.63 (Revenue 7.49m / 11.9m) |
| TATA: -0.47 (NI -351.0m - CFO -52.2m) / TA 630.3m) |
| Beneish M-Score: 89.31 (Cap -4..+1) = D |
What is the price of RGTI shares?
Over the past week, the price has changed by -2.53%, over one month by -30.22%, over three months by -48.46% and over the past year by +33.26%.
Is RGTI a buy, sell or hold?
- StrongBuy: 5
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the RGTI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 38.9 | 119.4% |
| Analysts Target Price | 38.9 | 119.4% |
| ValueRay Target Price | 19.8 | 11.6% |
RGTI Fundamental Data Overview February 02, 2026
P/B = 17.6185
Revenue TTM = 7.49m USD
EBIT TTM = -395.0m USD
EBITDA TTM = -387.4m USD
Long Term Debt = 7.60m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.22m USD (from shortTermDebt, last quarter)
Debt = 7.60m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -18.5m USD (from netDebt column, last quarter)
Enterprise Value = 5.56b USD (6.00b + Debt 7.60m - CCE 447.0m)
Interest Coverage Ratio = -885.6 (Ebit TTM -395.0m / Interest Expense TTM 446.0k)
EV/FCF = -82.24x (Enterprise Value 5.56b / FCF TTM -67.6m)
FCF Yield = -1.22% (FCF TTM -67.6m / Enterprise Value 5.56b)
FCF Margin = -901.7% (FCF TTM -67.6m / Revenue TTM 7.49m)
Net Margin = -4683 % (Net Income TTM -351.0m / Revenue TTM 7.49m)
Gross Margin = 32.23% ((Revenue TTM 7.49m - Cost of Revenue TTM 5.08m) / Revenue TTM)
Gross Margin QoQ = 20.75% (prev 31.43%)
Tobins Q-Ratio = 8.82 (Enterprise Value 5.56b / Total Assets 630.3m)
Interest Expense / Debt = 5.87% (Interest Expense 446.0k / Debt 7.60m)
Taxrate = 21.0% (US default 21%)
NOPAT = -312.0m (EBIT -395.0m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 39.22 (Total Current Assets 456.3m / Total Current Liabilities 11.6m)
Debt / Equity = 0.02 (Debt 7.60m / totalStockholderEquity, last quarter 371.8m)
Debt / EBITDA = 0.05 (negative EBITDA) (Net Debt -18.5m / EBITDA -387.4m)
Debt / FCF = 0.27 (negative FCF - burning cash) (Net Debt -18.5m / FCF TTM -67.6m)
Total Stockholder Equity = 314.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -89.13% (Net Income -351.0m / Total Assets 630.3m)
RoE = -111.5% (Net Income TTM -351.0m / Total Stockholder Equity 314.7m)
RoCE = -122.6% (out of range, set to none) (EBIT -395.0m / Capital Employed (Equity 314.7m + L.T.Debt 7.60m))
RoIC = -99.16% (out of range, set to none) (NOPAT -312.0m / Invested Capital 314.7m)
WACC = 15.06% (E(6.00b)/V(6.00b) * Re(15.07%) + D(7.60m)/V(6.00b) * Rd(5.87%) * (1-Tc(0.21)))
Discount Rate = 15.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 52.08%
Fair Price DCF = unknown (Cash Flow -67.6m)
EPS Correlation: 29.17 | EPS CAGR: 18.70% | SUE: 0.15 | # QB: 0
Revenue Correlation: -7.96 | Revenue CAGR: 9.68% | SUE: -0.53 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.04 | Chg30d=-0.003 | Revisions Net=-1 | Analysts=6
EPS next Year (2026-12-31): EPS=-0.15 | Chg30d=-0.010 | Revisions Net=+0 | Growth EPS=-3.5% | Growth Revenue=+167.8%