Investment Club Stock Analysis
Rigetti Computing Inc (RGTI)
$25.84 (-3.87%)
Company Profile
- Country
- US
- IPO Date
- 2021-03-02
- Market Cap
- $8,528
- Industry
- Semiconductors
- Website
- https://www.rigetti.com/
Price Data
- High
- $26.88
- Low
- $25.06
- Open
- $26.30
- Previous Close
- $26.88
- Last Updated
- 2025-12-12 21:00:00
Analyst Recommendations
| Period | Strong Buy | Buy | Hold | Sell | Strong Sell |
|---|---|---|---|---|---|
| 2025-12-01 | 2 | 9 | 2 | 0 | 0 |
| 2025-11-01 | 2 | 10 | 1 | 0 | 0 |
| 2025-10-01 | 2 | 10 | 1 | 0 | 0 |
| 2025-09-01 | 2 | 10 | 1 | 0 | 0 |
Financials
Balance Sheet
Cash and Cash Equivalents, at Carrying Value:
$67,674,000
Debt Securities, Available-for-Sale, Current:
$124,420,000
Accounts Receivable, after Allowance for Credit Loss, Current:
$2,427,000
Prepaid Expense, Current:
$3,156,000
Other Assets, Current:
$9,081,000
Assets, Current:
$206,758,000
Debt Securities, Available-for-Sale, Noncurrent:
$25,068,000
Property, Plant and Equipment, Net:
$44,643,000
Operating Lease, Right-of-Use Asset:
$7,993,000
Other Assets:
$325,000
Assets:
$284,787,000
Accounts Payable, Current:
$1,590,000
Accounts Payable and Other Accrued Liabilities, Current:
$8,005,000
Deferred Revenue, Current:
$113,000
Debt, Current:
$0
Operating Lease, Liability, Current:
$2,159,000
Liabilities, Current:
$11,867,000
Long-Term Debt, Excluding Current Maturities:
$0
Contract with Customer, Liability, Noncurrent:
$700,000
Operating Lease, Liability, Noncurrent:
$6,641,000
Derivative Liability, Noncurrent:
$93,095,000
Business Combination, Contingent Consideration, Liability, Noncurrent:
$45,897,000
Liabilities:
$158,198,000
Preferred Stock, Value, Outstanding:
$0
Common Stock, Value, Issued:
$29,000
Additional Paid in Capital, Common Stock:
$681,202,000
Accumulated Other Comprehensive Income (Loss), Net of Tax:
$105,000
Retained Earnings (Accumulated Deficit):
$-554,747,000
Equity, Attributable to Parent:
$126,589,000
Liabilities and Equity:
$284,787,000
Cash Flow
Fair Value Adjustment of Warrants:
$90,168,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability:
$43,700,000
Gain (Loss) on Extinguishment of Debt:
$-426,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest:
$-200,988,000
Depreciation:
$6,906,000
Share-Based Payment Arrangement, Noncash Expense:
$13,069,000
Change in fair value of forward contract.:
$0
Impairment of deferred offering costs.:
$0
Debt Securities, Available-for-Sale, Unrealized Gain (Loss):
$3,622,000
Amortization of Debt Issuance Costs:
$844,000
Non cash lease expense.:
$1,909,000
Increase (Decrease) in Accounts Receivable:
$-2,602,000
Increase (Decrease) in Prepaid Expense and Other Assets:
$2,434,000
Increase (Decrease) in Contract with Customer, Liability:
$468,000
Increase (Decrease) in Accounts Payable:
$-1,036,000
Increase decrease in accrued expenses and other current liabilities.:
$-2,681,000
Net Cash Provided by (Used in) Operating Activities:
$-50,627,000
Payments to Acquire Property, Plant, and Equipment:
$11,098,000
Payments to Acquire Debt Securities, Available-for-Sale:
$224,764,000
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale:
$157,500,000
Net Cash Provided by (Used in) Investing Activities:
$-78,362,000
Repayments of Notes Payable:
$23,328,000
Payment, Tax Withholding, Share-Based Payment Arrangement:
$6,272,000
Proceeds from Issuance of Common Stock:
$12,838,000
The cash inflow associated with the sale of common stock from sales through at-the-market (ATM) offering.:
$97,500,000
The cash inflow associated with the sale of common stock through registered direct offering.:
$96,000,000
Payment of deferred offering costs.:
$1,833,000
Proceeds from issuance of common stock upon exercise of stock options and warrants.:
$554,000
Net Cash Provided by (Used in) Financing Activities:
$175,459,000
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations:
$-188,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect:
$46,282,000
Interest Paid, Excluding Capitalized Interest, Operating Activities:
$2,350,000
Capitalization of deferred costs to equity upon share issuance.:
$0
Purchases of property and equipment recorded in accounts payable.:
$466,000
Purchases of property and equipment recorded in accrued expense.:
$150,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability:
$2,268,000
Unrealized Gain (Loss) on Investments:
$66,000
Income Statement
Revenue from Contract with Customer, Including Assessed Tax:
$10,790,000
Cost of Revenue:
$5,093,000
Gross Profit:
$5,697,000
Research and Development Expense:
$49,750,000
General and Administrative Expense:
$24,457,000
Restructuring Charges:
$0
Operating Expenses:
$74,207,000
Operating Income (Loss):
$-68,510,000
Interest Expense, Nonoperating:
$3,300,000
Investment Income, Interest:
$5,113,000
Fair Value Adjustment of Warrants:
$90,168,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability:
$43,700,000
Gain (Loss) on Extinguishment of Debt:
$-426,000
Nonoperating Income (Expense):
$-132,478,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest:
$-200,988,000
Income Tax Expense (Benefit):
$0
Net loss:
$-200,988,000
Net loss per share attributable to common stockholders-basic (in $ per share):
$-1
Earnings Per Share, Diluted:
$-1
Weighted average shares used in computing net loss per share attributable to common stockholders - basic (in shares):
$184,666,000
Weighted Average Number of Shares Outstanding, Diluted:
$184,666,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent:
$-205,000
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax:
$66,000
Other Comprehensive Income (Loss), before Tax:
$-139,000
Other Comprehensive Income (Loss), Tax:
$0
Other Comprehensive Income (Loss), Net of Tax:
$-139,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent:
$-201,127,000
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