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RGTI Financials Rigetti Computing

5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 3.6% per year over the past 4 years.
  • Operating margin has contracted, at -1194.4% in the latest year.

Financial health

  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$216M -$102M $13M $0 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-3050% -1485% 80% 0% 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$85M -$43M $0 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $34M $68M 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$403M $18M $439M $0 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $7M -$216M 29.1% -1194.4% -$77M $45M
2024 $11M -$201M 52.8% -634.9% -$62M $0 $68M
2023 $12M -$75M 76.7% -602.1% -$60M $10M $21M
2022 $13M -$72M 78.1% -832.5% -$85M $21M $58M
2021 $8M -$38M 80.2% -416.4% -$36M $27M $12M

Valuation over time

How the market has priced RGTI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 684.4 1368.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is RGTI growing its revenue and profit?

Over the past 4 years, Rigetti Computing's revenue has declined 3.6% per year. These are computed facts, not advice.

How much debt does RGTI have?

As of FY2025, Rigetti Computing reported — of total debt against $45M of cash.

What is RGTI's profit margin?

In FY2025, gross margin was 29.1%, operating margin -1194.4%, and net margin -3050.4%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.