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RIGETTI COMPUTING INC (RGTI) Stock Fundamental Analysis

NASDAQ:RGTI - Nasdaq - US76655K1034 - Common Stock - Currency: USD

8.32  +0.07 (+0.85%)

After market: 8.33 +0.01 (+0.12%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to RGTI. RGTI was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. RGTI has a great financial health rating, but its profitability evaluates not so good. RGTI is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

RGTI had negative earnings in the past year.
RGTI had a negative operating cash flow in the past year.
In the past 5 years RGTI always reported negative net income.
RGTI had a negative operating cash flow in each of the past 5 years.
RGTI Yearly Net Income VS EBIT VS OCF VS FCFRGTI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 -50M -100M -150M -200M

1.2 Ratios

With a Return On Assets value of -70.57%, RGTI is not doing good in the industry: 93.58% of the companies in the same industry are doing better.
RGTI's Return On Equity of -158.77% is on the low side compared to the rest of the industry. RGTI is outperformed by 87.16% of its industry peers.
Industry RankSector Rank
ROA -70.57%
ROE -158.77%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
RGTI Yearly ROA, ROE, ROICRGTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -50 -100

1.3 Margins

Looking at the Gross Margin, with a value of 52.80%, RGTI is in the better half of the industry, outperforming 71.56% of the companies in the same industry.
In the last couple of years the Gross Margin of RGTI has declined.
RGTI does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.28%
GM growth 5YN/A
RGTI Yearly Profit, Operating, Gross MarginsRGTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -500 -1K -1.5K

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8

2. Health

2.1 Basic Checks

RGTI does not have a ROIC to compare to the WACC, probably because it is not profitable.
There is no outstanding debt for RGTI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
RGTI Yearly Shares OutstandingRGTI Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 50M 100M
RGTI Yearly Total Debt VS Total AssetsRGTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 50M 100M 150M 200M

2.2 Solvency

RGTI has an Altman-Z score of 6.36. This indicates that RGTI is financially healthy and has little risk of bankruptcy at the moment.
RGTI's Altman-Z score of 6.36 is fine compared to the rest of the industry. RGTI outperforms 71.56% of its industry peers.
RGTI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 6.36
ROIC/WACCN/A
WACC11.06%
RGTI Yearly LT Debt VS Equity VS FCFRGTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 50M -50M 100M 150M

2.3 Liquidity

RGTI has a Current Ratio of 17.42. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of RGTI (17.42) is better than 98.17% of its industry peers.
RGTI has a Quick Ratio of 17.42. This indicates that RGTI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 17.42, RGTI belongs to the top of the industry, outperforming 98.17% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 17.42
Quick Ratio 17.42
RGTI Yearly Current Assets VS Current LiabilitesRGTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 50M 100M 150M

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6

3. Growth

3.1 Past

RGTI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -65.52%.
The Revenue for RGTI has decreased by -10.20% in the past year. This is quite bad
The Revenue has been growing by 24.88% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-65.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-644.44%
Revenue 1Y (TTM)-10.2%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-32.64%

3.2 Future

RGTI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.60% yearly.
The Revenue is expected to grow by 74.88% on average over the next years. This is a very strong growth
EPS Next Y74.26%
EPS Next 2Y34.43%
EPS Next 3Y23.12%
EPS Next 5Y18.6%
Revenue Next Year27.17%
Revenue Next 2Y74.67%
Revenue Next 3Y65.63%
Revenue Next 5Y74.88%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
RGTI Yearly Revenue VS EstimatesRGTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M
RGTI Yearly EPS VS EstimatesRGTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 -0.2 -0.4 -0.6 -0.8

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1

4. Valuation

4.1 Price/Earnings Ratio

RGTI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year RGTI is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
RGTI Price Earnings VS Forward Price EarningsRGTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
RGTI Per share dataRGTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -0.5

4.3 Compensation for Growth

RGTI's earnings are expected to grow with 23.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.43%
EPS Next 3Y23.12%

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0

5. Dividend

5.1 Amount

RGTI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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RIGETTI COMPUTING INC

NASDAQ:RGTI (4/17/2025, 8:00:02 PM)

After market: 8.33 +0.01 (+0.12%)

8.32

+0.07 (+0.85%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-05 2025-03-05/amc
Earnings (Next)05-08 2025-05-08/amc
Inst Owners38.45%
Inst Owner Change0.02%
Ins Owners0.58%
Ins Owner Change-5.49%
Market Cap2.38B
Analysts81.67
Price Target15.1 (81.49%)
Short Float %25.47%
Short Ratio0.5
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-341.57%
Min EPS beat(2)-699.1%
Max EPS beat(2)15.96%
EPS beat(4)2
Avg EPS beat(4)-169.73%
Min EPS beat(4)-699.1%
Max EPS beat(4)29.01%
EPS beat(8)4
Avg EPS beat(8)-85.13%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-20.42%
Min Revenue beat(2)-30.02%
Max Revenue beat(2)-10.82%
Revenue beat(4)0
Avg Revenue beat(4)-15.74%
Min Revenue beat(4)-30.02%
Max Revenue beat(4)-7.79%
Revenue beat(8)2
Avg Revenue beat(8)-13.43%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.37%
PT rev (3m)322.86%
EPS NQ rev (1m)31.16%
EPS NQ rev (3m)47.22%
EPS NY rev (1m)12.98%
EPS NY rev (3m)29.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.89%
Revenue NY rev (1m)-10.14%
Revenue NY rev (3m)-13.64%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 220.4
P/FCF N/A
P/OCF N/A
P/B 18.79
P/tB 18.79
EV/EBITDA N/A
EPS(TTM)-0.96
EYN/A
EPS(NY)-0.25
Fwd EYN/A
FCF(TTM)-0.22
FCFYN/A
OCF(TTM)-0.18
OCFYN/A
SpS0.04
BVpS0.44
TBVpS0.44
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -70.57%
ROE -158.77%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.8%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.28%
GM growth 5YN/A
F-Score3
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 160.7%
Cap/Sales 102.85%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 17.42
Quick Ratio 17.42
Altman-Z 6.36
F-Score3
WACC11.06%
ROIC/WACCN/A
Cap/Depr(3y)202.21%
Cap/Depr(5y)N/A
Cap/Sales(3y)117.3%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-65.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-644.44%
EPS Next Y74.26%
EPS Next 2Y34.43%
EPS Next 3Y23.12%
EPS Next 5Y18.6%
Revenue 1Y (TTM)-10.2%
Revenue growth 3Y24.88%
Revenue growth 5YN/A
Sales Q2Q%-32.64%
Revenue Next Year27.17%
Revenue Next 2Y74.67%
Revenue Next 3Y65.63%
Revenue Next 5Y74.88%
EBIT growth 1Y3.92%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year42.42%
EBIT Next 3Y16.31%
EBIT Next 5Y17.85%
FCF growth 1Y-3.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.09%
OCF growth 3YN/A
OCF growth 5YN/A