Rigetti Computing, Inc. (RGTI)

Rigetti Computing Statistics

Total Valuation

RGTI has a market cap or net worth of $287.48 million. The enterprise value is $189.51 million.

Market Cap	287.48M
Enterprise Value	189.51M

Important Dates

The last earnings date was Tuesday, November 12, 2024, before market open.

Earnings Date	Nov 12, 2024
Ex-Dividend Date	n/a

Share Statistics

RGTI has 192.30 million shares outstanding. The number of shares has increased by 28.01% in one year.

Current Share Class	192.30M
Shares Outstanding	192.30M
Shares Change (YoY)	+28.01%
Shares Change (QoQ)	+9.59%
Owned by Insiders (%)	2.35%
Owned by Institutions (%)	32.46%
Float	168.86M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	18.51
Forward PS	11.64
PB Ratio	2.11
P/TBV Ratio	2.11
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	15.94
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 4.84, with a Debt / Equity ratio of 0.18.

Current Ratio	4.84
Quick Ratio	4.61
Debt / Equity	0.18
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-16.49

Financial Efficiency

Return on equity (ROE) is -51.46% and return on invested capital (ROIC) is -28.82%.

Return on Equity (ROE)	-51.46%
Return on Assets (ROA)	-26.06%
Return on Capital (ROIC)	-28.82%
Revenue Per Employee	$88,746
Profits Per Employee	-$452,231
Employee Count	134
Asset Turnover	0.07
Inventory Turnover	n/a

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has increased by +41.90% in the last 52 weeks. The beta is 2.14, so RGTI's price volatility has been higher than the market average.

Beta (5Y)	2.14
52-Week Price Change	+41.90%
50-Day Moving Average	1.08
200-Day Moving Average	1.17
Relative Strength Index (RSI)	58.90
Average Volume (20 Days)	13,444,222

Short Selling Information

The latest short interest is 25.67 million, so 13.35% of the outstanding shares have been sold short.

Short Interest	25.67M
Short Previous Month	27.45M
Short % of Shares Out	13.35%
Short % of Float	15.20%
Short Ratio (days to cover)	4.28

Income Statement

In the last 12 months, RGTI had revenue of $11.89 million and -$60.60 million in losses. Loss per share was -$0.37.

Revenue	11.89M
Gross Profit	7.21M
Operating Income	-67.22M
Pretax Income	-67.98M
Net Income	-60.60M
EBITDA	-61.02M
EBIT	-67.22M
Loss Per Share	-$0.37

Balance Sheet

The company has $92.58 million in cash and $22.49 million in debt, giving a net cash position of $70.09 million or $0.36 per share.

Cash & Cash Equivalents	92.58M
Total Debt	22.49M
Net Cash	70.09M
Net Cash Per Share	$0.36
Equity (Book Value)	122.84M
Book Value Per Share	0.64
Working Capital	82.41M

Cash Flow

In the last 12 months, operating cash flow was -$54.50 million and capital expenditures -$11.36 million, giving a free cash flow of -$65.87 million.

Operating Cash Flow	-54.50M
Capital Expenditures	-11.36M
Free Cash Flow	-65.87M
FCF Per Share	-$0.34

Margins

Gross Margin	60.63%
Operating Margin	-565.28%
Pretax Margin	-509.58%
Profit Margin	n/a
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	-431.72%

Dividends & Yields

RGTI does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-28.01%
Shareholder Yield	-28.01%
Earnings Yield	-23.34%
FCF Yield	-25.37%

Analyst Forecast

The average price target for RGTI is $2.88, which is 92.64% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$2.88
Price Target Difference	92.64%
Analyst Consensus	Strong Buy
Analyst Count	4
Revenue Growth Forecast (5Y)	70.72%
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

RGTI has an Altman Z-Score of -1.03 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-1.03
Piotroski F-Score	2