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Rigetti Computing, Inc. Stock Research

RGTI

0.53USD-0.06(-10.04%)Market Closed

Market Summary

USD0.53-0.06
Market Closed
-10.04%

RGTI Stock Price

RGTI RSI Chart

RGTI Valuation

Market Cap

65.6M

Price/Earnings (Trailing)

-1.48

Price/Sales (Trailing)

7.79

EV/EBITDA

-0.44

Price/Free Cashflow

-1.25

RGTI Price/Sales (Trailing)

RGTI Profitability

Operating Margin

67.33%

EBT Margin

-770.34%

Return on Equity

-26.64%

Return on Assets

-20.78%

Free Cashflow Yield

-80.27%

RGTI Fundamentals

RGTI Revenue

Revenue (TTM)

8.4M

Revenue Y/Y

-3.94%

Revenue Q/Q

31.4%

RGTI Earnings

Earnings (TTM)

-44.2M

Earnings Y/Y

-92.24%

Earnings Q/Q

-53.08%

Price Action

52 Week Range

0.521.55
(Low)(High)

Last 7 days

-26.5%

Last 30 days

-48.1%

Last 90 days

-40.2%

RGTI Financial Health

Current Ratio

10.4

Debt/Equity

0.19

Debt/Cashflow

-0.84

RGTI Investor Care

Shares Dilution (1Y)

444.19%

Diluted EPS (TTM)

-0.8

Financials for Rigetti Computing

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-1.3%8,420,3068,535,3067,941,3068,196,3069,092,000
Gross Profit-8.2%6,638,6677,232,0007,117,3337,646,667-
Operating Expenses33.1%116,444,00087,497,33365,940,00043,013,333-
  S&GA Expenses17.0%8,088,9216,910,9216,067,9214,904,9212,317,333
  R&D Expenses28.9%58,718,66745,544,00038,542,66729,218,667-
EBITDA-72.0%-54,272,000-31,545,333-33,302,000--
EBITDA Margin-74.4%-6.45-3.70-4.57--
Earnings Before Taxes-22.7%-64,865,333-52,866,666-49,962,666-36,822,666-
EBT Margin-63.3%-7.70-4.72-5.64--
Interest Expenses36.9%4,192,0003,062,6672,498,6671,436,000-
Net Income-25.6%-44,202,100-35,203,100-33,025,100-23,170,100-36,822,666
Net Income Margin-295.4%-5.25-1.33-4.46--
Free Cahsflow-0.5%-52,631,308-52,389,850-26,390,405--
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-7.0%21322924646.00346
  Current Assets-11.8%17019221518.001.00
    Cash Equivalents-59.9%74.0018420712.001.00
  Net PPE22.4%37.0031.0024.0022.00-
  Goodwill0%5.005.005.005.00-
Liabilities-20.0%47.0058.0082.0036.0024.00
  Current Liabilities26.7%16.0013.0013.008.001.00
  Long Term Debt0%32.0032.0032.0027.00-
Shareholder's Equity-2.5%166170164-71.53-57.94
  Retained Earnings-7.9%-255-237-224-207-22.25
  Additional Paid-In Capital3.7%422407389136-
Shares Outstanding4.8%12311711418.0023.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-22.6%-26.91-21.95-10.89-0.96-30.05
  Share Based Compensation63.4%50.0031.0017.002.00-
Cashflow From Investing-26.7%-445-351-346-345-7.72
Cashflow From Financing-0.1%54354454834627.00

Risks for RGTI

What is the probability of a big loss on RGTI?

92.3%


Probability that Rigetti Computing stock will be more than 20% underwater in next one year

92.3%


Probability that Rigetti Computing stock will be more than 30% underwater in next one year.

92.3%


Probability that Rigetti Computing stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RGTI drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Rigetti Computing was unfortunately bought at previous high price.

Drawdowns

Returns for RGTI

Cumulative Returns on RGTI

Which funds bought or sold RGTI recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
OLD MISSION CAPITAL LLC
new
-
889
889
-%
2023-02-15
JANE STREET GROUP, LLC
sold off
-100
-65,000
-
-%
2023-02-15
ASHFORD CAPITAL MANAGEMENT INC
reduced
-25.00
-770,023
356,977
0.06%
2023-02-15
JANE STREET GROUP, LLC
added
2.78
-6,743
4,257
-%
2023-02-15
Vestcor Inc
unchanged
-
-
-
-%
2023-02-15
SALEM INVESTMENT COUNSELORS INC
unchanged
-
-453
547
-%
2023-02-15
CAPTRUST FINANCIAL ADVISORS
sold off
-100
-2,000
-
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
29.73
-24,499
24,501
-%
2023-02-15
Virtu Financial LLC
new
-
1,000
1,000
-%
2023-02-15
Point72 Middle East FZE
new
-
7,659
7,659
-%

1–10 of 47

Latest Funds Activity

Are funds buying RGTI calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RGTI
No. of Funds

Rigetti Computing News

Marketing Sentinel

Rigetti Computing Inc. (NASDAQ: RGTI) Is Rated A Buy By Analysts..

Marketing Sentinel,
2 days ago

Benzinga

Our Exclusive Articles.

Benzinga,
6 days ago

Invest Chronicle

StreetInsider.com

Seeking Alpha

Schedule 13G FIlings of Rigetti Computing

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
beryl capital management llc
0%
0
SC 13G/A
Feb 10, 2023
millennium management llc
0.2%
218,803
SC 13G/A
Jan 26, 2023
rigetti chad
5.0%
6,144,379
SC 13D/A
Jan 12, 2023
rigetti chad
5.6%
6,901,448
SC 13D/A
Sep 02, 2022
supernova partners ii, llc
0%
0
SC 13D/A
Aug 31, 2022
rigetti chad
6.5%
8,139,269
SC 13D/A
Aug 22, 2022
rigetti chad
7.1%
8,733,050
SC 13D/A

RGTI Fair Value

Recent SEC filings of Rigetti Computing

View All Filings
Date Filed Form Type Document
Feb 17, 2023
3
Insider Trading
Feb 17, 2023
3
Insider Trading
Feb 16, 2023
424B3
Prospectus Filed
Feb 16, 2023
424B3
Prospectus Filed
Feb 16, 2023
424B3
Prospectus Filed
Feb 16, 2023
8-K/A
Current Report
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
8-K
Current Report
Feb 10, 2023
424B3
Prospectus Filed

Latest Insider Trading transactions for RGTI

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-08
Fitzgerald Alissa
acquired
1,123
0.272
4,131
-
2023-02-08
Fitzgerald Alissa
sold
-5,287
1.28
-4,131
-
2023-02-06
Fitzgerald Alissa
sold
-4,952
1.28
-3,869
-
2023-02-06
Fitzgerald Alissa
acquired
1,052
0.272
3,869
-
2022-12-20
Danis Richard
acquired
51,499
0.272
189,337
general counsel & corp. sec.
2022-12-13
Harburn Mike
sold
-5,803
0.97
-5,983
svp, fabrication ops. hardware
2022-12-13
Sereda Brian J
sold
-8,557
0.97
-8,822
chief financial officer
2022-12-13
Rigetti Chad
sold
-128,320
0.97
-132,289
-
2022-12-13
Danis Richard
sold
-7,029
0.97
-7,247
general counsel & corp. sec.
2022-12-12
Rigetti Chad
sold
-99,211
0.97
-102,280
-

1–10 of 50

Chad T. Rigetti, PhD
160
Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

RGTI Income Statement

2022-06-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue$ 2,134$ 1,540$ 4,238$ 3,900
Cost of revenue8733651,287637
Total gross profit1,2611,1752,9513,263
Operating expenses:    
Research and development12,7477,49626,67314,431
General and administrative12,7852,71124,3455,232
Sales and marketing1,4876442,963957
Total operating expenses27,01910,85153,98120,620
Loss from operations(25,758)(9,676)(51,030)(17,357)
Other (expense) income, net:    
Interest expense, net of interest income(1,040)(405)(2,244)(481)
Change in fair value of derivative warrant liabilities7,980011,750[1]0
Change in fair value of earn-out liability6,566012,557[1]0
Transaction costs00(927)0
Other income (expense)070(23)
Total other income (expense), net13,506(398)21,136(504)
Net loss before provision for income taxes(12,252)(10,074)(29,894)(17,861)
Provision for income taxes0000
Net loss$ (12,252)[1]$ (10,074)$ (29,894)[1]$ (17,861)
Weighted average shares used in computing net loss per share attributable to common stockholders – basic[2]114,096,390[1]21,977,12384,060,966[1]21,912,665
Weighted average shares used in computing net loss per share attributable to common stockholders – diluted[2]114,096,390[1]21,977,12384,060,966[1]21,912,665
Net loss per share attribute to common stockholders - basic$ (0.11)$ (0.46)$ (0.36)$ (0.82)
Net loss per share attribute to common stockholders - diluted$ (0.11)$ (0.46)$ (0.36)$ (0.82)
[1]For discussion on the restatement adjustments, see Note 1 — Description of Business — Restatement of Condensed Consolidated Financial Statements and Immaterial Correction of Prior-Period Errors
[2]Weighted-average shares have been retroactively restated to give effect to the Business Combination.

RGTI Balance Sheet

2022-06-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:  
Cash$ 184,020$ 11,729
Accounts receivable2,5721,543
Prepaid expenses and other current assets4,2481,351
Forward contract - assets1,5430
Deferred offering costs03,449
Total current assets192,38318,072
Property and equipment, net30,58322,497
Restricted cash117317
Other assets130165
Goodwill5,3775,377
Total assets228,59046,428
Current liabilities:  
Accounts payable1,5171,971
Accrued expenses and other current liabilities6,0183,806
Deferred revenue1,108985
Debt - current portion4,226575
Forward contract - liabilities0230
Total current liabilities12,8697,567
Debt - net of current portion25,20124,216
Derivative warrant liabilities12,1484,355
Earn-out liabilities7,8560
Other liabilities416295
Total Liabilities58,49036,433
Commitments and contingencies (Note 5)
Stockholders' (deficit) equity:  
Preferred Stock, par value $0.0001 per share; 10,000,000 shares and 0 shares authorized at June 30, 2022 and December 31, 2021, respectively; 0 shares and 0 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively00
Common stock (2), par value $0.0001 per share; 1,000,000,000 shares and 134,050,472 shares authorized at June 30, 2022 and December 31, 2021, respectively; 117,102,735 shares and 18,221,069 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively[1]112
Additional paid-in capital407,015135,549
Accumulated deficit(237,025)(207,131)
Accumulated other comprehensive gain9952
Total stockholders' equity (deficit)[2]170,100(71,528)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit)228,59046,428
Redeemable Convertible Preferred Stock [Member]  
Current liabilities:  
Redeemable convertible preferred stock (2), par value $0.0001 per share; 0 shares and 80,974,757 shares authorized at June 30, 2022 and December 31, 2021, respectively; 0 shares and 77,696,679 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively[1]$ 0$ 81,523
[1]Shares of legacy Redeemable Convertible Series C Preferred Stock, Redeemable Convertible Series C-1 Preferred Stock, legacy Class A common stock, and legacy Class B common stock have been retroactively restated to give effect to the Business Combination.
[2]For discussion on the restatement adjustments, see Note 1 — Description of Business — Restatement of Condensed Consolidated Financial Statements and Immaterial Correction of Prior-Period Errors