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Rigetti Computing(NASDAQ) RGTI

Market Cap$4.97BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)+50%
5 Year+54%
1 Year+3%
1 Month-20%
$14.94
+0.51%
+0.08Today
After hours$14.86-$0.07 (-0.50%)
Rigetti Computing last closing stock price
MetricPriceDate
Last closeUSD 14.952026-07-31
Rigetti Computing stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+5.65%USD 14.152026-07-24
1 month-19.97%USD 18.682026-07-01
3 month-14.57%USD 17.502026-05-01
Year to date-32.51%USD 22.152025-12-31
1 year+3.1%USD 14.502025-07-31
3 year+360%USD 3.252023-08-01
5 year+53.96%USD 9.712021-07-30
Since inception+50.1%USD 9.902021-04-22

Rigetti Computing Financials at a Glance

Market Cap

$4.97BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$10.02M

Net Income (TTM)

-$225.72M

EPS (TTM)

-$0.87

P/E Ratio

-17.23

Dividend

$0.00

Beta (Volatility)

2.30 (High)

Price

$14.94

Volume

16,116,300

Open

$15.20

Previous Close

$14.95

Daily Range

$14.77 - $15.63

52-Week Range

$12.53 - $58.15

Estimated Earnings Date

Aug 6, 2026

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About Rigetti Computing

Rigetti builds computers that use quantum physics for hard problems. These machines solve complex tasks faster than normal computers. The company connects its hardware to the cloud for customers.

Quantum Machines and Cloud Access

  • Quantum Computing Systems: Builds machines with 9 to 108 qubits under Novera and Cepheus brands; represents about 69% of revenue.
  • Superconducting Processors: Designs and produces quantum processing units (QPUs) that serve as the main hardware engine for its systems.
  • Quantum Cloud Services: Provides cloud-based access to hardware via the Rigetti Quantum Cloud Services (QCS) platform.
  • Research Services: Offers collaborative research and professional development for government and commercial clients; represents about 30% of revenue.

New Partnerships and Global Reach

  • Partnered with Quanta Computer in February 2025 to develop specialized hardware components for quantum systems.
  • Received an $8.4 million purchase order from C-DAC in January 2026 to deliver a system to India.
  • Launched the Cepheus-1-108Q system for general availability in April 2026 to customers on major cloud platforms.
  • Expanded operations into the United Kingdom, Australia, Canada, and India to support international growth.

Making Chips Under One Roof

Rigetti operates Fab-1, which is a dedicated facility for making its own quantum chips. This vertical integration allows the company to control design and manufacturing from start to finish.

The Quarter in Numbers

  • Revenue reached $4.4 million in Q1 2026, up 198.9% from $1.5 million in Q1 2025.
  • Operating income was a loss of $26 million in Q1 2026, deepened 20% from a $21.6 million loss in Q1 2025.
  • Net income hit $33.1 million in Q1 2026, down 22.3% from $42.6 million in Q1 2025.
  • Free cash flow worsened to negative $20.6 million in Q1 2026, a 27.3% decline from the previous year.

Bottom Line

Rigetti has moved from early research to manufacturing and selling large-scale quantum systems to global customers. Its control over chip manufacturing and cloud delivery helps it navigate the specialized hardware industry.

AI Generated • May 20, 2026

Industry

Semiconductors and Semiconductor Equipment

Employees

164

CEO

Subodh K. Kulkarni, PhD

Headquarters

Berkeley, CA 94710, US

RGTI Financials

Key Financial Metrics (TTM)

Gross Margin

-19.84%

Operating Margin

-888.37%

Net Income Margin

-2253.59%

Return on Equity

-43.94%

Return on Capital

-15.30%

Return on Assets

-34.69%

Earnings Yield

-5.80%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$4.97BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

332.40M

Volume

16.12M

Avg. Volume

38.50M

Financials (TTM)

Gross Profit

-$1.99M

Operating Income

-$88.98M

EBITDA

-$216.77M

Operating Cash Flow

-$61.11M

Capital Expenditure

-$20.54M

Free Cash Flow

-$81.65M

Cash & ST Invst.

$418.25M

Total Debt

$6.78M

Rigetti Computing Performance Analysis

Rigetti Computing annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 13,102,00059.9%
20232023-12-31USD 12,008,000-8.3%
20242024-12-31USD 10,790,000-10.1%
20252025-12-31USD 7,088,000-34.3%
Rigetti Computing sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3022.4%
Q32025-09-308.1%
Q42025-12-31-4.1%
Q12026-03-31135.5%
Rigetti Computing annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.70-66.7%
20232023-12-31USD -0.57-18.6%
20242024-12-31USD -1.0991.2%
20252025-12-31USD -0.70-35.9%
Rigetti Computing sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-186.7%
Q32025-09-30-376.9%
Q42025-12-3191.1%
Q12026-03-31-11.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$4.40M

+198.9%

Gross Profit

-$1.24M

-379.9%

Gross Margin

-28.11%

N/A

Market Cap

$4.97BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$30.30M

N/A

Employees

164

N/A

Net Income

$33.11M

-22.3%

EBITDA

$35.72M

-19.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$418.25M

+100.0%

Total Debt

$6.78M

-19.3%

Accounts Receivable

$4.38M

+309.7%

Inventory

$0.00

N/A

Long Term Debt

$4.51M

-27.6%

Short Term Debt

$2.27M

+4.4%

Return on Assets

-34.69%

N/A

Return on Invested Capital

-15.11%

N/A

Free Cash Flow

-$20.63M

-27.3%

Operating Cash Flow

-$16.22M

-18.8%

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Questions About RGTI

What is the current price of Rigetti Computing?

Rigetti Computing is trading at $14.95 per share.

What is the 52-week range for Rigetti Computing?

Over the past 52 weeks, Rigetti Computing has traded between $12.53 and $58.15.

How much debt does Rigetti Computing have?

As of the most recent reporting period, Rigetti Computing reported total debt of $6.78M.

How much cash does Rigetti Computing have on hand?

Rigetti Computing reported $48.15M in cash and cash equivalents in its most recent financial results.

What is Rigetti Computing’s dividend yield?

Rigetti Computing does not currently have a dividend yield.

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