Rigetti Computing, Inc. (RGTI) Key Metrics
RGTI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $3.94B
- Enterprise value
- $4.96B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 295.0 10-yr median 136.0
- Price / book
- 9.9 10-yr median 6.9
- EV / EBITDA
- 1.3
- Dividend yield
- —
- Beta
- 2.03
RGTI key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRGTI valuation Price multiples at each fiscal year-end price.
RGTI returns How much profit the business earns on the capital it uses.
RGTI per-share figures Results divided by the shares outstanding at year-end.
RGTI financial health Debt, liquidity and how easily interest is covered.
RGTI efficiency & capital use Working capital cycle and where the cash goes.
RGTI valuation history
RGTI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RGTI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RGTI price vs earnings per share
RGTI key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $6.86B | $2.82B | $130.0M | $74.6M | — | — | — |
| Enterprise value | $6.42B | $2.63B | $60.6M | −$29.1M | — | — | — |
| Price / sales | 968.0 | 261.2 | 10.8 | 5.7 | — | — | — |
| Price / book | 12.6 | 22.3 | 1.2 | 0.5 | — | — | — |
| EV / sales | 906.4 | 244.2 | 5.0 | -2.2 | — | — | — |
| Earnings yield | −3.2% | −7.1% | −57.8% | −95.9% | — | — | — |
| Free cash flow yield | −1.1% | −2.2% | −45.9% | −114.5% | — | — | — |
| Share price at fiscal year-end | $22.15 | $15.26 | $0.98 | $0.73 | $10.29 | — | — |
| Per share | |||||||
| Revenue per share | $0.02 | $0.06 | $0.09 | $0.13 | — | — | $0.01 |
| Earnings per share | −$0.70 | −$1.09 | −$0.57 | −$0.70 | — | — | −$0.47 |
| Operating cash flow per share | −$0.19 | −$0.27 | −$0.38 | −$0.61 | — | — | −$0.32 |
| Free cash flow per share | −$0.25 | −$0.33 | −$0.45 | −$0.84 | — | — | −$0.35 |
| Cash per share | $1.43 | $1.04 | $0.76 | $1.40 | — | — | $0.00 |
| Book value per share | $1.76 | $0.69 | $0.83 | $1.47 | — | — | −$1.13 |
| Tangible book value per share | $1.76 | $0.69 | $0.83 | $1.47 | — | — | −$1.18 |
| Capex per share | $0.06 | $0.06 | $0.07 | $0.22 | — | — | $0.03 |
| Debt per share | $0.02 | $0.05 | $0.23 | $0.38 | — | — | $0.24 |
| Shares outstanding | 309.8M | 184.7M | 132.0M | 102.3M | — | — | 113.8M |
| Change in shares outstanding | +67.7% | +39.9% | +29.0% | — | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −64.3% | −170.2% | −57.8% | −89.3% | — | — | — |
| Return on invested capital (ROIC) | −251.7% | — | −131.6% | −247.6% | — | — | — |
| Return on assets (ROA) | −45.5% | −90.4% | −41.3% | −57.2% | −79.6% | −44.6% | −195.8% |
| Return on tangible assets | −32.4% | −70.6% | −47.0% | −35.2% | −107.2% | −38.8% | −243.4% |
| Free cash flow margin | — | −572.1% | −496.7% | −652.0% | −442.9% | −621.9% | — |
| Financial health | |||||||
| Total debt | $7.2M | $8.8M | $30.6M | $39.1M | $24.8M | — | $26.9M |
| Cash & short-term investments | $443.5M | $192.1M | $99.9M | $142.8M | $11.7M | $22.2M | $308,707 |
| Net debt | −$436.3M | −$183.3M | −$69.4M | −$103.7M | $13.1M | −$22.2M | $26.6M |
| Debt / equity | 0.01 | 0.07 | 0.28 | 0.26 | 2.48 | — | — |
| Debt / assets | 0.01 | 0.03 | 0.19 | 0.19 | 0.53 | — | 0.98 |
| Current ratio | 37.42 | 17.42 | 3.71 | 7.10 | 1.93 | 7.40 | 0.05 |
| Quick ratio | 37.42 | 17.69 | 3.71 | 6.96 | 1.33 | 7.40 | 0.05 |
| Interest coverage | — | -21.0 | -12.5 | -20.6 | -13.8 | — | — |
| Working capital | $442.6M | $194.9M | $78.6M | $132.7M | $7.1M | $20.5M | −$33.2M |
| Invested capital | $109.9M | −$56.7M | $40.2M | $46.6M | $23.1M | −$57.6M | −$101.8M |
| Tangible asset value | $546.2M | $126.6M | $109.6M | $150.2M | −$759,000 | −$40.8M | −$133.8M |
| Net current asset value | $334.4M | $48.6M | $57.3M | $101.2M | −$21.8M | −$61.4M | −$154.3M |
| Graham net-net per share | $1.05 | $0.18 | $0.40 | $0.94 | — | — | −$1.37 |
| Capital allocation | |||||||
| Capex / revenue | 263.5% | 102.9% | 75.4% | 173.5% | 85.5% | 79.4% | 420.7% |
| Capex / depreciation | 2.29 | 1.61 | 1.22 | 3.24 | 1.51 | 1.02 | 0.78 |
| Stock-based compensation / revenue | 248.4% | 121.1% | 103.3% | 342.0% | 31.6% | 46.8% | 378.1% |
| R&D / revenue | 865.5% | 461.1% | 439.4% | 457.6% | 328.6% | 434.8% | 4,003.6% |
| SG&A / revenue | 358.1% | 226.7% | 231.0% | 412.0% | 150.4% | 271.4% | 2,543.0% |
| Efficiency | |||||||
| Days sales outstanding | 128.2 | 126.1 | 171.2 | 108.3 | 45.0 | 22.0 | 93.8 |
| Days of inventory on hand | — | -226.2 | — | 478.6 | 265.5 | — | — |
| Days payables outstanding | 70.2 | 263.8 | 502.5 | 248.3 | 89.6 | 515.2 | 3,930.4 |
| Cash conversion cycle (days) | 57.9 | -363.9 | -331.3 | 338.7 | 221.0 | -493.2 | -3,836.6 |
| Receivables turnover | 2.85 | 2.89 | 2.13 | 3.37 | 8.11 | 16.59 | 3.89 |
| Payables turnover | 5.20 | 1.38 | 0.73 | 1.47 | 4.08 | 0.71 | 0.09 |
| Inventory turnover | — | — | — | 0.76 | 1.37 | — | — |
| Asset turnover | 0.01 | 0.05 | 0.07 | 0.10 | 0.17 | 0.14 | 0.03 |
| Average receivables | $2.5M | $3.7M | $5.6M | $3.9M | $1.0M | $334,174 | $188,975 |
| Average payables | $2.5M | $3.7M | $3.9M | $2.0M | $1.5M | $2.1M | $3.1M |
| Average inventory | — | −$3.2M | — | $3.8M | $4.6M | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 23.2% | 10.8% | 19.6% |
Computed from RGTI's annual financial statements (latest annual report filed March 4, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
RGTI valuation and financial ratios
Rigetti Computing earned a return on equity of −64.3% and a return on invested capital of −251.7% in fiscal 2025. It ended the year with $7.2 million of debt and $443.5 million in cash and short-term investments, a net cash position of $436.3 million. The share count rose 172.2% from 113.8M to 309.8M over 6 years.
See the RGTI income statement, the RGTI chart for price history, or the RGTI stock overview for the latest quote and news.
RGTI key metrics FAQ
What is Rigetti Computing's return on equity?
Rigetti Computing's return on equity (ROE) was −64.3% in fiscal 2025: net income of -$216.2 million on average shareholders' equity of $336.4 million.
What is Rigetti Computing's ROIC?
Rigetti Computing's return on invested capital was −251.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Rigetti Computing have?
Rigetti Computing had total debt of $7.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is Rigetti Computing's free cash flow yield?
Rigetti Computing generated -$77.2 million of free cash flow in fiscal 2025, a free cash flow yield of −1.1% on its market value at year-end ($6.9 billion).
What is Rigetti Computing's current ratio?
Rigetti Computing's current ratio was 37.42 at the end of fiscal 2025: current assets were 37.42 times current liabilities.