Rigetti ComputingRGTIRevenue: is the business selling more than it used to?
$7M−34% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $7M in 2025, compounding -19% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $13M, ahead of the last full year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTINet income: how much of that revenue becomes profit?
$-216MFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→The company lost $216M in 2025, more than the $201M it lost the year before. The losses are widening - check the Health chapter for how long the cash lasts.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIHow fast is it growing, year by year?
-34.3%revenue growth, FY 2025
→Revenue grew -34% in 2025 against a five-year average of +2%.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIRevenue per share: is your slice growing as fast as the company?
$0.02revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $0.02 in 2025, compounding -44% a year against -19% for RGTI as a whole. Dilution absorbed about 25.2 points of that growth. Free cash flow per share stands at $-0.25.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIFree cash flow: what is left in real cash after everything?
$-77MFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→The business consumed $77M of cash in 2025 after investment. Growth is being funded from the balance sheet, not from operations.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIWhere does each dollar of revenue actually go?
→Of $7M in 2025 sales, nothing survives to the bottom line - the journey ends $216M underwater.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow is negative, so no share of revenue is currently converting to spare cash. Every sales dollar is being reinvested or consumed.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The biggest claim on each sales dollar is research and development, at 865% of revenue (capital spending 263%, stock compensation 248%). That share has risen since 2022, so the cost of competing is climbing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin compressed 362 points to -1194% since 2022. The bottom line is still negative: costs below the operating line eat what is left.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of -44% and ROCE of -13% sit close together, so the returns come from the business itself rather than from borrowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIWhat has the market paid for RGTI over time?
379.9xP/S today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 379.9x sales, the market is paying +1121% more than RGTI's own 5-year median of 31.1x. Expectations are elevated, so more has to go right to justify the price.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIWhat cash return does the business throw off per dollar of market value?
-1.7%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys -1.7% of annual free cash flow, less than its 5-year median of -16.4% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTICould it handle its debt if things went wrong?
◌ 2026 = the latest balance sheet (2026-06-30), not a fiscal year-end
→Debt isn't clearly tagged in RGTI's filings, so treat the balance sheet with extra care rather than assuming zero.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIIs the company's own capital growing?
→The company's own capital grew from $110M in 2023 to $537M (+390%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIHow fast is your ownership being diluted - or concentrated?
→The share count grew 67.7% in 2025, averaging 45.6% a year over three years. Your slice of the company shrinks by that much each year unless earnings grow faster.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIDoes RGTI earn more on its capital than that capital costs?
→RGTI's return on capital is negative at -12.9% in 2025. The capital in the business is not yet earning anything back.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIRGTI has issued or retired shares - did shareholders end up better off?
→RGTI issued +1227% more shares from 2021 to 2025 and revenue per share still fell -93%. On this measure the new shares have not paid for themselves.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
Rigetti ComputingRGTIAre the people running it buying or selling?
→Insiders sold $44M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 16 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30