Quantum computing company developing superconducting quantum processors, cloud access, and full-stack quantum computing systems.
Profile & Fundamentals
Rigetti Computing: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Rigetti Computing Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
Company profile record
Rigetti Computing Inc
Common Stock · Information Technology · Electronic Equipment & Instruments
Company
- Company / asset
- Rigetti Computing Inc
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Electronic Equipment & Instruments
- HQ
- 🇺🇸 United States
- Head office
- 775 Heinz Avenue, Berkeley, CA, United States, 94710
Leadership & scale
- Chief executive
- Dr. Subodh K. Kulkarni Ph.D.
- CEO year born
- 1965
- Full-time employees
- 162
- Fiscal year end
- December
- IPO date
- 2021-04-22
Fundamentals snapshot
- Market Cap
- USD 5.1B
- P/E
- --
- Revenue (Q2 26)
- USD 5.1M
- Profit (Q2 26)
- USD -52.6M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 7.1M
- Shares in public float
- 328M
- Insider ownership
- 2.01%
Reporting & identifiers
- Symbol
- RGTI.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US76655K1034
- Asset ID
- equity_c2f7069f-97d4-599f-86ae-c77165f1795b
Ownership
Shares Outstanding
Latest: 333.2M | Max: 333.2M | Min: 59.9M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.42%
328.0M latest reported shares
Insider Ownership
2.01%
Latest reported insider stake
Short Float
0.19%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 113,810,300 |
| 2021-01-01 | 59,853,800 |
| 2022-01-01 | 121,889,000 |
| 2023-01-01 | 140,537,000 |
| 2024-01-01 | 184,666,000 |
| 2025-01-01 | 309,763,000 |
| 2026-01-01 | 333,215,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 25,435,282 | 7.62% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 19,466,522 | 5.83% | 2026-03-31 |
| Vanguard Capital Management, LLC | 14,258,562 | 4.27% | 2026-03-31 |
| State Street Corp | 10,138,079 | 3.04% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 10,036,659 | 3.01% | 2026-08-31 |
| iShares Russell 2000 ETF | 8,539,864 | 2.56% | 2026-08-31 |
| Geode Capital Management, LLC | 8,127,635 | 2.44% | 2026-03-31 |
| Vanguard Small Cap Index | 7,261,544 | 2.18% | 2026-08-31 |
| D. E. Shaw & Co LP | 5,364,069 | 1.61% | 2026-06-30 |
| Vanguard Information Technology ETF | 5,312,684 | 1.59% | 2026-08-31 |
| UBS Group AG | 4,848,625 | 1.45% | 2026-03-31 |
| Defiance ETFs, LLC | 4,650,185 | 1.39% | 2026-03-31 |
| Vanguard MStar Small Cap Value Index | 4,614,238 | 1.38% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 3,878,470 | 1.16% | 2026-03-31 |
| State Street® SPDR® S&P® Smcndctr ETF | 3,677,745 | 1.1% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent financial results show an encouraging bounce in quarterly revenue, reaching over five million dollars in mid-2026 thanks to shipments of on-premises quantum systems to government and academic research labs. However, headline figures conceal deep ongoing operational losses, which totaled over ninety-seven million dollars across the trailing twelve months. Reported net income has swung wildly between large paper gains and sharp losses due to accounting revaluations of stock warrants rather than real operational changes. The underlying financial reality is that commercial software sales remain negligible at under two hundred thousand dollars. Every dollar of recognized revenue requires substantial operational spending, producing trailing annual cash deficits near eighty-eight million dollars. While hardware orders keep operations active, the business remains completely dependent on external funding until recurring customer usage scales.
Recent financial results show an encouraging bounce in quarterly revenue, reaching over five million dollars in mid-2026 thanks to shipments of on-premises quantum systems to government and academic research labs. However, headline figures conceal deep ongoing operational losses, which totaled over ninety-seven million dollars across the trailing twelve months. Reported net income has swung wildly between large paper gains and sharp losses due to accounting revaluations of stock warrants rather than real operational changes. The underlying financial reality is that commercial software sales remain negligible at under two hundred thousand dollars. Every dollar of recognized revenue requires substantial operational spending, producing trailing annual cash deficits near eighty-eight million dollars. While hardware orders keep operations active, the business remains completely dependent on external funding until recurring customer usage scales.
Revenue, Net Income, and Free Cash Flow
Latest: USD 7.1M | Max: USD 13.1M | Min: USD -216.2M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins highlight the severe economic challenges of running a sub-scale semiconductor fabrication plant. Gross margin collapsed to negative eighty-six percent in 2025 due to low production volumes failing to cover fixed factory overhead, before recovering toward positive forty-three percent in mid-2026 on the back of higher hardware shipment deliveries. Despite this gross-margin recovery, operating margins remain pinned below negative three hundred percent because heavy engineering payrolls and administrative overhead dwarf current revenues. Unlike software businesses where adding customers costs very little, bespoke quantum hardware requires expensive manual assembly and cryogenic testing. Sustainable company-wide operating profits will remain unachievable without massive commercial adoption.
Profitability margins highlight the severe economic challenges of running a sub-scale semiconductor fabrication plant. Gross margin collapsed to negative eighty-six percent in 2025 due to low production volumes failing to cover fixed factory overhead, before recovering toward positive forty-three percent in mid-2026 on the back of higher hardware shipment deliveries. Despite this gross-margin recovery, operating margins remain pinned below negative three hundred percent because heavy engineering payrolls and administrative overhead dwarf current revenues. Unlike software businesses where adding customers costs very little, bespoke quantum hardware requires expensive manual assembly and cryogenic testing. Sustainable company-wide operating profits will remain unachievable without massive commercial adoption.
Profitability Margins
Latest: -86.1% | Max: 78.1% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
-86.1%
Gross profit / revenue
Operating Margin
-1194.4%
Operating income / revenue
Net Margin
-3050.4%
Net income / revenue
FCF Margin
-1089.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 735,482 | -53,816,321 | -39,982,655 |
| 2020-12-31 | 5,542,598 | -17,205,476 | -34,467,695 |
| 2021-12-31 | 8,196,000 | -38,241,000 | -36,299,000 |
| 2022-12-31 | 13,102,000 | -71,521,000 | -85,426,000 |
| 2023-12-31 | 12,008,000 | -75,107,000 | -59,638,000 |
| 2024-12-31 | 10,790,000 | -200,988,000 | -61,725,000 |
| 2025-12-31 | 7,088,000 | -216,210,000 | -77,219,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 60.82 | -6,485.81 | -7,317.15 | -5,436.25 |
| 2020-12-31 | 73.09 | -633.13 | -310.42 | -621.87 |
| 2021-12-31 | 23.45 | -416.41 | -466.58 | -442.89 |
| 2022-12-31 | 78.07 | -832.54 | -545.88 | -652.01 |
| 2023-12-31 | 76.68 | -602.06 | -625.47 | -496.65 |
| 2024-12-31 | 52.8 | -634.94 | -1,862.72 | -572.06 |
| 2025-12-31 | -86.13 | -1,194.41 | -3,050.37 | -1,089.43 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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