Rigetti Computing, Inc.RGTI
NASDAQ • Technology
$17.94
P/E
—
PEG
—
FCF Yield
—
Rev Growth YoY
+8.8% YoY
Gross Margin
29.9%
Health Score
5/10
D/E Ratio
—
Confidence
LOW
Business Snapshot
Rigetti Computing operates as a quantum computing company, building quantum processors and cloud-based quantum computing services. The company primarily generates revenue through its quantum computing-as-a-platform offerings and related system sales. Rigetti competes in the emerging quantum computing market as a publicly traded pure-play contender, positioning itself alongside larger technology companies investing in quantum research. The company is a financially small enterprise, as reflected by its price-to-sales ratio of 595.37x — a figure consistent with an early-stage, pre-profit technology company. Its defining characteristic is its focus on building superconducting quantum processors and operating a cloud platform for quantum algorithm development.
Financial Health
Gross margin stands at 29.9%, though a prior year comparison is not available to assess trajectory. Net margin is flagged as potentially unreliable due to a data anomaly at -2253.6% and should not be treated as a measure of profitability...
Risk Assessment
- VALUATION — The price-to-sales ratio of 595.37x is extreme relative to the company's 8.8% revenue growth rate, implying an extraordinary market premium for unprofitable operations.
- TECHNICALS — Price at $17.94 is well below the 200-day moving average of $23.88, confirming a downtrend structure with a death cross signal in place.
- 52-WEEK POSITION — The current price of $17.94 is 69% below the 52-week high of $58.15 and significantly below the midpoint of the range ($35.12), reflecting substantial downside from the peak.
- INSIDER — Net insider selling over the last 90 days (0 buys vs 6 sells) signals a lack of conviction from company executives at current price levels.
- DATA COMPLETENESS — Core fundamental metrics including P/E, revenue, and free cash flow are unavailable, creating a significant information vacuum that elevates investment risk.
- EARNINGS QUALITY — While 3 of 4 recent quarters beat estimates, the absence of net income data limits the ability to assess earnings reliability....
Gross margin stands at 29.9%, though a prior year comparison is not available to assess trajectory. Net margin is flagged as potentially unreliable due to a data anomaly at -2253.6% and should not be treated as a measure of profitability. The balance sheet appears highly conservative, with zero debt (0.0x debt/equity) and a current ratio of 17.25x, indicating ample liquidity to meet short-term obligations. Return on equity is deeply negative at -43.9%, signalling significant shareholder capital destruction. Free cash flow data is unavailable, preventing an assessment of operational cash generation. The overall financial health is characterised by a fortress liquidity position but severe underlying unprofitability, placing the company in a capital-intensive development phase that demands ongoing external funding.
- VALUATION — The price-to-sales ratio of 595.37x is extreme relative to the company's 8.8% revenue growth rate, implying an extraordinary market premium for unprofitable operations. - TECHNICALS — Price at $17.94 is well below the 200-day moving average of $23.88, confirming a downtrend structure with a death cross signal in place. - 52-WEEK POSITION — The current price of $17.94 is 69% below the 52-week high of $58.15 and significantly below the midpoint of the range ($35.12), reflecting substantial downside from the peak. - INSIDER — Net insider selling over the last 90 days (0 buys vs 6 sells) signals a lack of conviction from company executives at current price levels. - DATA COMPLETENESS — Core fundamental metrics including P/E, revenue, and free cash flow are unavailable, creating a significant information vacuum that elevates investment risk. - EARNINGS QUALITY — While 3 of 4 recent quarters beat estimates, the absence of net income data limits the ability to assess earnings reliability.
Unlock the full AI report
Full 8-section analysis includes: