Rigetti Computing, Inc.(RGTI)Stock Analysis
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Rank #2,827 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
RGTI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Rigetti Computing, Inc. (RGTI), a Technology sector company. 13F Pro's AI-powered ranking engine scores RGTI at 8.1/100 on a 32-signal composite quality model, placing it at rank #2,827 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include profitability (1.7) and free cash flow (2.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 1.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Rigetti Computing, Inc. reports quarterly revenue of $4.4M, net income of $33.1M, free cash flow of $-20.6M. Top institutional holders of RGTI by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. RGTI trades on the Nasdaq exchange and files with the SEC under CIK 1838359. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RGTI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Rigetti Computing, Inc. directly from SEC EDGAR. Rigetti Computing, Inc.'s 13F Pro composite quality score has ranged between 6 and 26 since 2023, currently 8.1 — a declining long-term trajectory across 20 quarterly and live scoring snapshots.
Revenue
Q1 2026
$4.4M
Net Income
Q1 2026
$33.1M
Free Cash Flow
Q1 2026
$-20.6M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-34.3% YoYNet Income
-7.6% YoYOperating Income
-23.6% YoYEPS (Diluted)
+35.8% YoYTotal Assets
+134.1% YoYTotal Debt
Op. Cash Flow
-15.6% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue | $7.1M -34.3% | $10.8M -10.1% | $12.0M -8.3% | $13.1M |
| Net Income | $-216.2M -7.6% | $-201.0M -167.6% | $-75.1M -5.0% | $-71.5M |
| Operating Income | $-84.7M -23.6% | $-68.5M +5.2% | $-72.3M +33.7% | $-109.1M |
| EPS (Diluted) | $-0.70 +35.8% | $-1.09 -91.2% | $-0.57 +18.6% | $-0.70 |
| Total Assets | $666.6M +134.1% | $284.8M +78.1% | $159.9M -21.4% | $203.4M |
| Total Debt | — | $0.00 -100.0% | $22.1M -23.8% | $28.9M |
| Operating Cash Flow | $-58.5M -15.6% | $-50.6M -0.1% | $-50.6M +19.3% | $-62.7M |
AI Insight: RGTI Financial Trends
Rigetti's $4M Q1 2026 revenue is its highest in eight quarters, but operating losses are widening and cash burn remains unrelenting.
• Revenue recovered to $4M in Q1 2026, the first meaningful uptick after five consecutive quarters at $1–2M.
• Operating loss widened from -$16M in Q2 2024 to -$26M in Q1 2026, a steady eight-quarter deterioration.
• Operating cash outflow has persisted every quarter, ranging from -$9M to -$16M, with no sign of improvement.
• Equity surged from $122M in Q2 2024 to $584M in Q1 2026, reflecting repeated equity issuances rather than retained earnings.
⚠ Net income is highly volatile — swinging from -$201M in Q3 2025 to +$33M in Q1 2026 — signaling large non-operating or non-cash items.
⚠ Revenue at $4M remains negligible versus a -$26M quarterly operating loss; path to operational sustainability is unclear.
⚠ Debt eliminated by Q1 2025, but ongoing cash burn means continued equity dilution is likely to fund operations.
AI Insight: RGTI Ratio Trends
ROIC losses are narrowing sharply — from -58.4% in Q4 2024 to -14.4% in Q2 2025 — but remain deeply negative across all periods.
• ROIC improved from -58.4% in Q4 2024 to -14.4% in Q2 2025, suggesting meaningfully reduced capital destruction over three quarters.
• ROA swung from -37.7% in Q3 2024 to -10.9% in Q4 2025, indicating shrinking asset-level losses despite ongoing unprofitability.
• OpMargin and NPM data are entirely absent across all reported quarters, limiting visibility into core earnings quality.
• D/E ratio fell from 0.13 in Q2 2024 to 0.00 in Q4 2024, then data disappears — leverage picture is opaque.
⚠ ROE and ROA spikes in Q1 2025 (82.3%, 63.3%) and Q1 2026 (22.7%, 20.3%) likely reflect one-off items, not sustained profitability.
⚠ ROIC ticked back to -17.8% in Q1 2026 after reaching -14.4% in Q2 2025 — early sign the improvement trend may be stalling.
⚠ Persistent absence of OpMargin and NPM data prevents confirmation that headline return improvements reflect real operating progress.
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Available Research
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Top Institutional Holders of RGTI
BlackRock, Inc.
$357.1M25,435,282 shVANGUARD PORTFOLIO MANAGEMENT LLC
$273.3M19,466,522 shVANGUARD CAPITAL MANAGEMENT LLC
$200.2M14,258,562 shD. E. Shaw & Co., Inc.
$195.5M13,922,073 shSTATE STREET CORP
$142.3M10,138,079 shGEODE CAPITAL MANAGEMENT, LLC
$114.1M8,127,635 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$88.2M6,284,000 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$69.6M4,959,200 shUBS Group AG
$68.1M4,848,625 shDefiance ETFs, LLC
$65.3M4,650,185 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $357.1M | 25,435,282 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $273.3M | 19,466,522 |
| VANGUARD CAPITAL MANAGEMENT LLC | $200.2M | 14,258,562 |
| D. E. Shaw & Co., Inc. | $195.5M | 13,922,073 |
| STATE STREET CORP | $142.3M | 10,138,079 |
| GEODE CAPITAL MANAGEMENT, LLC | $114.1M | 8,127,635 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $88.2M | 6,284,000 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $69.6M | 4,959,200 |
| UBS Group AG | $68.1M | 4,848,625 |
| Defiance ETFs, LLC | $65.3M | 4,650,185 |
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Is RGTI a good stock to buy?
13F Pro's AI-powered analysis of Rigetti Computing, Inc. (RGTI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RGTI are available on the RGTI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own RGTI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RGTI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Rigetti Computing, Inc.'s investment landscape.