RGTI
Bearish signalScored 2026-09-14 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Research, not advice.
À propos
Rigetti Computing, Inc.
- Nom
- Rigetti Computing, Inc.
- Secteur
- Technology
- Industrie
- Computer Hardware
- Bourse
- NASDAQ
- Capitalisation
- $3.8B
- Employés
- 163
- PDG
- Subodh K. Kulkarni
- Site web
- https://www.rigetti.com
- Marché
- INFQIONQIQMXPSQLQBTSQCLS
Rigetti Computing, Inc. operates as a full-stack quantum computing enterprise. This company develops and manufactures both quantum computers and the crucial superconducting quantum processors that enable their operation. Its sophisticated machines are made accessible through diverse cloud environments—public, private, or hybrid—via its specialized Quantum Cloud Services platform. The firm was established in 2013 and has its headquarters in Berkeley, California.
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
VENTE TOTALE: 120 000 titres (~1 882 104,00 $ US)
- Insiders
- Kulkarni Subodh K
- Total bought
-
—
Avg buy (VWAP, 90d window) —
- Total sold
-
$2,571,354
Avg sell (VWAP, 90d window) $15.71 vs last close —
Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.
$2,257,114 of that total is under a Rule 10b5-1 plan. It is shown here and left out of the score.
- Last activity
- 2026-09-09
- Last synced
-
2026-09-15 09:49:47
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-09 | Kulkarni Subodh K | Sell · S · 10b5-1 | 120,000 | $15.68 | $1,882,104 | Form 4 |
| 2026-09-03 | Bertelsen Jeffrey A. | Sell · S · 10b5-1 | 25,000 | $15.00 | $375,010 | Form 4 |
| 2026-08-20 | Bertelsen Jeffrey A. | Sell · S | 3,860 | $16.89 | $65,187 | Form 4 |
| 2026-08-20 | Bestwick Andrew Joseph | Sell · S | 5,791 | $16.81 | $97,319 | Form 4 |
| 2026-08-20 | Rivas David | Sell · S | 9,038 | $16.79 | $151,734 | Form 4 |
Sales marked 10b5-1 are scheduled in advance and don't count toward the Quorum score. Les ventes marquées 10b5-1 sont planifiées à l'avance et ne pèsent pas dans le score Quorum.
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent trades
| Date | Representative | Type | Amount |
|---|---|---|---|
| 2025-07-17 | Lisa C. McClain | Purchase | $15,001 - $50,000 |
Signal
Bearish signalScored 2026-09-14 Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
RGTI presents a deeply speculative profile where a moderately interesting catalyst (CHIPS Act award, strong revenue growth) is severely undermined by catastrophic fundamentals — extreme valuation multiples above 960x…
The first sentence of the analysis written for RGTI on 2026-09-14 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Bearish signal
Drivers: Congress, fundamentals. Moteurs : Congrès, fondamentaux.
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
- Congress Unavailable or mixed. 1 purchase disclosure year to date, a thin reading
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
- Financial indicators Unavailable or mixed. Current ratio 37.42 · operating margin -1194% — readings disagree
Market snapshot
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | -86.1% | 52.8% | 76.7% | 78.1% | 23.5% | |
| Ebit Margin | -3050.4% | -1832.6% | -577.3% | -505.5% | -436.5% | |
| Ebitda Margin | -2935.1% | -1768.6% | -515.5% | -452.0% | -379.8% | |
| Operating Profit Margin | -1194.4% | -634.9% | -602.1% | -832.5% | -416.4% | |
| Pretax Profit Margin | -3050.4% | -1862.7% | -625.5% | -545.9% | -466.6% | |
| Continuous Operations Profit Margin | -3050.4% | -1862.7% | -625.5% | -545.9% | -466.6% | |
| Net Profit Margin | -3050.4% | -1862.7% | -625.5% | -545.9% | -466.6% | |
| Bottom Line Profit Margin | -3050.4% | -1862.7% | -625.5% | -545.9% | -466.6% | |
| Current Ratio | 37.423 | 17.423 | 3.706 | 7.101 | 1.932 | |
| Quick Ratio | 37.423 | 17.423 | 3.706 | 7.101 | 1.932 | |
| Solvency Ratio | -1.728 | -1.227 | -1.345 | -1.212 | -0.922 | |
| Cash Ratio | 3.691 | 5.703 | 0.736 | 2.661 | 1.550 | |
| Price To Earnings Ratio | -31.643 | -14.000 | -1.728 | -1.042 | -4.900 | |
| Price To Earnings Growth Ratio | 0.884 | -0.153 | 0.093 | 0.016 | -0.012 | |
| Forward Price To Earnings Growth Ratio | 0.884 | -0.153 | 0.093 | 0.016 | -0.012 | |
| Price To Earnings Diluted Ratio | -31.643 | -14.000 | -1.728 | -1.042 | -4.900 | |
| Price To Earnings Diluted Growth Ratio | 0.884 | -0.153 | 0.093 | 0.016 | -0.012 | |
| Price To Book Ratio | 12.562 | 22.261 | 1.186 | 0.497 | 18.759 | |
| Price To Sales Ratio | 968.009 | 261.168 | 10.825 | 5.694 | 22.876 | |
| Price To Free Cash Flow Ratio | -88.854 | -45.654 | -2.180 | -0.873 | -5.165 | |
| Price To Operating Cash Flow Ratio | -117.200 | -55.662 | -2.570 | -1.190 | -6.401 | |
| Debt To Assets Ratio | 0.011 | 0.031 | 0.191 | 0.192 | 0.534 | |
| Debt To Equity Ratio | 0.013 | 0.070 | 0.279 | 0.261 | 2.480 | |
| Debt To Capital Ratio | 0.013 | 0.065 | 0.218 | 0.207 | 0.713 | |
| Long Term Debt To Capital Ratio | 0.000 | 0.000 | 0.083 | 0.121 | 0.708 | |
| Financial Leverage Ratio | 1.220 | 2.250 | 1.459 | 1.354 | 4.645 | |
| Working Capital Turnover Ratio | 0.022 | 0.079 | 0.114 | 0.187 | 0.595 | |
| Operating Cash Flow Ratio | -4.818 | -4.266 | -1.741 | -2.882 | -3.871 | |
| Operating Cash Flow Sales Ratio | -8.259 | -4.692 | -4.212 | -4.785 | -3.574 | |
| Free Cash Flow Operating Cash Flow Ratio | 1.319 | 1.219 | 1.179 | 1.363 | 1.239 | |
| Debt Service Coverage Ratio | 0.000 | -58.626 | -3.450 | -4.358 | -10.238 | |
| Interest Coverage Ratio | 0.000 | -21.048 | -12.510 | -20.636 | -13.845 | |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | -4.158 | -7.550 | -50.941 | |
| Operating Cash Flow Coverage Ratio | -8.168 | -5.753 | -1.655 | -1.602 | -1.182 | |
| Capital Expenditure Coverage Ratio | -3.135 | -4.562 | -5.583 | -2.757 | -4.180 | |
| Dividend Paid And Capex Coverage Ratio | -3.135 | -4.562 | -5.583 | -2.757 | -4.180 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 | |
| Enterprise Value Multiple | -32.799 | -14.459 | -2.248 | -0.943 | -6.444 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | -86.1% | ▼-138.9% | ▼-115.1% |
| Ebit Margin | -3050.4% | ▼-1217.8% | ▼-1769.9% |
| Ebitda Margin | -2935.1% | ▼-1166.6% | ▼-1724.9% |
| Operating Profit Margin | -1194.4% | ▼-559.5% | ▼-458.3% |
| Pretax Profit Margin | -3050.4% | ▼-1187.6% | ▼-1740.2% |
| Continuous Operations Profit Margin | -3050.4% | ▼-1187.6% | ▼-1740.2% |
| Net Profit Margin | -3050.4% | ▼-1187.6% | ▼-1740.2% |
| Bottom Line Profit Margin | -3050.4% | ▼-1187.6% | ▼-1740.2% |
| Current Ratio | 37.423 | ▲20.000 | ▲23.906 |
| Quick Ratio | 37.423 | ▲20.000 | ▲23.906 |
| Solvency Ratio | -1.728 | ▼-0.501 | ▼-0.442 |
| Cash Ratio | 3.691 | ▼-2.012 | ▲0.823 |
| Price To Earnings Ratio | -31.643 | ▼-17.643 | ▼-20.980 |
| Price To Earnings Growth Ratio | 0.884 | ▲1.038 | ▲0.719 |
| Forward Price To Earnings Growth Ratio | 0.884 | ▲1.038 | ▲0.719 |
| Price To Earnings Diluted Ratio | -31.643 | ▼-17.643 | ▼-20.980 |
| Price To Earnings Diluted Growth Ratio | 0.884 | ▲1.038 | ▲0.719 |
| Price To Book Ratio | 12.562 | ▼-9.699 | ▲1.509 |
| Price To Sales Ratio | 968.009 | ▲706.841 | ▲714.295 |
| Price To Free Cash Flow Ratio | -88.854 | ▼-43.200 | ▼-60.309 |
| Price To Operating Cash Flow Ratio | -117.200 | ▼-61.538 | ▼-80.596 |
| Debt To Assets Ratio | 0.011 | ▼-0.020 | ▼-0.181 |
| Debt To Equity Ratio | 0.013 | ▼-0.056 | ▼-0.607 |
| Debt To Capital Ratio | 0.013 | ▼-0.052 | ▼-0.230 |
| Long Term Debt To Capital Ratio | 0.000 | 0.000 | ▼-0.182 |
| Financial Leverage Ratio | 1.220 | ▼-1.029 | ▼-0.965 |
| Working Capital Turnover Ratio | 0.022 | ▼-0.057 | ▼-0.177 |
| Operating Cash Flow Ratio | -4.818 | ▼-0.551 | ▼-1.302 |
| Operating Cash Flow Sales Ratio | -8.259 | ▼-3.567 | ▼-3.155 |
| Free Cash Flow Operating Cash Flow Ratio | 1.319 | ▲0.100 | ▲0.055 |
| Debt Service Coverage Ratio | 0.000 | ▲58.626 | ▲15.334 |
| Interest Coverage Ratio | 0.000 | ▲21.048 | ▲13.608 |
| Short Term Operating Cash Flow Coverage Ratio | 0.000 | 0.000 | ▲12.530 |
| Operating Cash Flow Coverage Ratio | -8.168 | ▼-2.415 | ▼-4.497 |
| Capital Expenditure Coverage Ratio | -3.135 | ▲1.427 | ▲0.909 |
| Dividend Paid And Capex Coverage Ratio | -3.135 | ▲1.427 | ▲0.909 |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 |
| Enterprise Value Multiple | -32.799 | ▼-18.340 | ▼-21.421 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $6.86B | $2.82B | $130.0M | $74.6M | $187.5M | |
| Enterprise value | $6.82B | $2.76B | $139.2M | $55.9M | $200.6M | |
| EV / Sales | 962.69x | 255.71x | 11.59x | 4.26x | 24.47x | |
| EV / Op. cash flow | -116.56x | -54.50x | -2.75x | -0.89x | -6.85x | |
| EV / Free cash flow | -88.37x | -44.70x | -2.33x | -0.65x | -5.53x | |
| EV / EBITDA | -32.80x | -14.46x | -2.25x | -0.94x | -6.44x | |
| Net debt / EBITDA | 0.18x | 0.31x | -0.15x | 0.32x | -0.42x | |
| Current ratio | 37.42x | 17.42x | 3.71x | 7.10x | 1.93x | |
| Income quality | 0.27x | 0.25x | 0.67x | 0.88x | 0.77x | |
| Graham net-net | $1 | $0 | $0 | $1 | -$1 | |
| Tax burden | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |
| Interest burden | 100.0% | 101.6% | 108.3% | 108.0% | 106.9% | |
| Working capital | $442.6M | $194.9M | $78.6M | $132.7M | $7.1M | |
| Invested capital | $506.1M | $247.5M | $130.7M | $181.6M | $34.9M | |
| Return on assets | -32.4% | -70.6% | -47.0% | -35.2% | -82.4% | |
| Operating ROA | -17.8% | -30.8% | -39.8% | -87.3% | -71.0% | |
| Return on tangible assets | -32.4% | -70.6% | -47.0% | -35.2% | -93.2% | |
| Return on equity | -39.6% | -158.8% | -68.5% | -47.6% | -382.6% | |
| Return on invested capital | -12.9% | -24.9% | -49.8% | -56.7% | -86.5% | |
| Return on capital employed | -12.9% | -25.1% | -55.2% | -60.0% | -87.8% | |
| Earnings yield | -3.2% | -7.1% | -57.8% | -95.9% | -20.4% | |
| Free cash flow yield | -1.1% | -2.2% | -45.9% | -114.5% | -19.4% | |
| Capex / Op. cash flow | -31.9% | -21.9% | -17.9% | -36.3% | -23.9% | |
| Capex / Depreciation | 228.6% | 160.7% | 122.0% | 324.0% | 150.7% | |
| Capex / Sales | 263.5% | 102.9% | 75.4% | 173.5% | 85.5% | |
| SG&A / Sales | 242.8% | 226.7% | 231.0% | 412.0% | 183.3% | |
| R&D / Sales | 865.5% | 461.1% | 439.4% | 457.6% | 328.6% | |
| Stock comp / Sales | 248.4% | 121.1% | 103.3% | 342.0% | 0.0% | |
| Intangibles / Total assets | 0.0% | 0.0% | 0.0% | 0.0% | 11.6% | |
| Days sales outstanding | 131d | 82d | 153d | 174d | 69d | |
| Days payables outstanding | 96d | 114d | 752d | 246d | 115d | |
| Operating cycle | 131d | 82d | 153d | 174d | 69d | |
| Cash conversion cycle | 35d | -32d | -600d | -73d | -46d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▲+143.5%EV / Sales ▲+276.5%EV / EBITDA ▼-126.8%EV / Op. cash flow ▼-62.057Earnings yield ▲+0.040
Profitability
Return on equity ▲+1.192Return on assets ▲+0.381Return on invested capital ▲+0.120Return on capital employed ▲+0.122Operating ROA ▲+0.130Income quality ▲+0.019Tax burden 0.000
Efficiency
Days sales outstanding ▲+49.265Days payables outstanding ▼-17.451Operating cycle ▲+49.265Cash conversion cycle ▲+66.716Capex / Sales ▲+1.606R&D / Sales ▲+4.044
Balance-sheet strength
Current ratio ▲+20.000Net debt / EBITDA ▼-0.127Working capital ▲+247717000.000Invested capital ▲+258543000.000Intangibles / Total assets n/a
Change over 5 years
Valuation
Market cap ▲+3559.4%EV / Sales ▲+3834.2%EV / EBITDA ▼-409.0%EV / Op. cash flow ▼-109.709Earnings yield ▲+0.172
Profitability
Return on equity ▲+3.430Return on assets ▲+0.499Return on invested capital ▲+0.737Return on capital employed ▲+0.749Operating ROA ▲+0.532Income quality ▼-0.495Tax burden 0.000
Efficiency
Days sales outstanding ▲+62.649Days payables outstanding ▼-18.166Operating cycle ▲+62.649Cash conversion cycle ▲+80.816Capex / Sales ▲+1.780R&D / Sales ▲+5.369
Balance-sheet strength
Current ratio ▲+35.490Net debt / EBITDA ▲+0.601Working capital ▲+435552000.000Invested capital ▲+471140000.000Intangibles / Total assets ▼-0.116
Employee count
Peer market caps
Recent news
- 2026-09-14 Rigetti Faces Revenue Volatility and Rising Costs Despite Quantum Push RGTI''s revenues surge on Novera sales, but customer concentration, contract timing and rising R&D costs keep results volatile.
- 2026-09-11 Rigetti: Priced Ahead Of The Proof Rigetti Computing, Inc. carries roughly a $4.9B premium to cash, even though recurring system access revenue remains small and results are still driven mainly by uneven hardware and project sales. Commercial adoption remains limited, with most revenue from research contracts and hardware sales, while system access revenue remained at $143K H1 2026. Gross profit covers 7% of operating expenses. Rigetti is still far from break-even despite having enough liquidity to support continued development.
- 2026-09-11 Rigetti Computing (NASDAQ:RGTI) & Disco (OTCMKTS:DSCSY) Financial Review Disco (OTCMKTS:DSCSY - Get Free Report) and Rigetti Computing (NASDAQ: RGTI - Get Free Report) are both technology companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, analyst recommendations, dividends, institutional ownership, earnings, risk and valuation. Institutional and Insider Ownership 0.0% of Disco shares are
- 2026-09-11 3 Quantum Stocks to Buy If You Already Have IonQ Rigetti is building full-stack quantum computers with backing from the U.S. government. Infleqtion''s technology can make it easier for data centers to offer AI and quantum capabilities.
- 2026-09-10 Prediction: Rigetti''s Revenue Passes $50 Million a Year Before 2029 Rigetti''s second-quarter revenue grew 185% year over year to $5.1 million. An $8.4 million system order from India is expected to become revenue in the fourth quarter.
- 2026-09-10 Rigetti Computing CEO Sells 120,000 Shares for $1.9 Million After Signing an Agreement with the U.S. Government The executive sold 120,000 shares at $15.68 per share on September 9, 2026, for a total transaction value of approximately $1.9 million. Rigetti announced a definitive agreement with the U.S. Department of Commerce for federal funding the day before the CEO''s stock sale.
- 2026-09-10 D-Wave, Rigetti, and Quantinuum Just Got $300 Million From Washington. Here''s What That Changes for Investors. The U.S. Department of Commerce has used CHIPS Act funds to buy $100 million minority stakes in Rigetti, D-Wave, and Quantinuum. The money will fund specific technical work -- Rigetti''s cooling and chip-connectivity projects, D-Wave''s supply chain and scaling, and Quantinuum''s domestic manufacturing partnerships.
- 2026-09-10 Rigetti Secures $100 Million CHIPS Award to Advance Quantum Scaling RGTI wins a $100 million CHIPS award to advance quantum scaling through readout electronics, cryogenic capacity and chip fabrication.
- 2026-09-10 Uncle Sam''s Quantum Leap: Feds Fund a $300M Quantum Supercycle When governments take direct equity positions in emerging technologies, public markets witness a structural repricing. For years, quantum computing traded like a science experiment, defined by extended hardware timelines and cash burn.
- 2026-09-10 Rigetti: If You Wanted To Buy Quantum, Do It Now Rigetti Computing, Inc. stands out as a speculative quantum play with advanced 108-qubit chiplet-based technology and resilient cash reserves. RGTI''s near-term catalysts include a $100M CHIPS Act award, DARPA initiatives, and commercial orders, but revenue remains minimal versus valuation. Momentum, not fundamentals, drives quantum stock valuations; RGTI offers significant upside when sentiment shifts, despite business model immaturity.