Reading the tape
NASDAQ: RGTI
Rigetti Computing, Inc.
Technology · Computer Hardware
Market Cap
$5.62B
52w High
$58.15
52w Low
$8.35
P/E
-24.23
Volume
18.08M
Outstanding Shares
332.15M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 83.41%Revenue (TTM): -34.31%FCF (TTM): -25.1%
What changed
The stock rose 83.41% over the last year. Revenue declined 34.31% over the trailing twelve months. Operating margin moved from -634.94% to -1,194.41%. Free cash flow declined 25.1% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -1,194.41%. A decisive move in revenue — currently down 34.31% — would be the clearest signal to resolve the ambiguity.
Company profile
Rigetti Computing, Inc. operates as an integrated systems company.
CEOSubodh K. Kulkarni
SectorTechnology
IndustryComputer Hardware
Employees137
IPO dateApr 22, 2021
Valuation
Forward P/E—
EV/EBITDA-89.21
Enterprise value$6.82B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-17.85%
Gross margin29.12%▼44.85%vs FY2024
Operating margin-1,194.41%▼88.11%vs FY2024
ROE-39.58%▲75.07%vs FY2024
Analyst consensus
RatingBuy
Target price$35.71▲111.18%
6
Buy
1
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 11, 2026
Q2 FY26 · EPS est -$0.05 · Revenue est $4.13M
View