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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$4M
$33M
31.3%
-589.8%
-$21M
—
$48M
Dec '25
$2M
-$18M
34.9%
-1209.7%
-$19M
—
$45M
Sep '25
$2M
-$201M
20.7%
-1055.4%
-$20M
—
$26M
Jun '25
$2M
-$40M
31.4%
-1103.9%
-$22M
—
$57M
Mar '25
$1M
$43M
30.0%
-1469.6%
-$16M
—
$37M
Dec '24
$2M
-$153M
44.1%
-813.3%
-$10M
$0
$68M
Sep '24
$2M
-$15M
50.6%
-729.4%
-$18M
$2M
$20M
Jun '24
$3M
-$12M
64.5%
-521.2%
-$16M
$3M
$21M
Mar '24
$3M
-$21M
49.1%
-543.4%
-$19M
$6M
$35M
Dec '23
$3M
-$13M
74.5%
-509.7%
-$14M
$10M
$21M
Sep '23
$3M
-$22M
73.1%
-542.1%
-$6M
$13M
$42M
Jun '23
$3M
-$17M
82.1%
-488.0%
-$19M
—
$22M
Mar '23
$2M
-$23M
76.8%
-1000.5%
-$20M
—
$26M
Dec '22
$6M
-$23M
86.6%
-441.0%
-$18M
$21M
$58M
Sep '22
$3M
-$19M
72.3%
-1117.1%
-$22M
$32M
$74M
Jun '22
$2M
-$12M
59.1%
-1207.0%
-$27M
$32M
$184M
Mar '22
$2M
-$18M
80.3%
-1201.1%
-$19M
$32M
$207M
Dec '21
$1M
-$11M
60.8%
-551.7%
-$8M
$27M
$12M
Sep '21
$3M
-$10M
84.7%
-314.1%
-$10M
—
—
Jun '21
$2M
-$10M
76.3%
-628.3%
-$11M
—
—
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.
The price-to-sales ratio has risen from 18.2× (Mar '23) to 862.9× (Jun '26).
Price / sales (P/S)
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.