“The increases in consulting, materials and all other research and development costs was due to a ramp-up in our research and development activities related to our goals of achieving quantum advantage and large-scale fault tolerant quantum computing.”10-Q · Aug 6, 2026 ↗
Rigetti Computing, Inc.
RGTI
Market read
Rigetti Computing, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
- R&D expenses increased by $4.5 million in the three months ended March 31, 2026 vs the same period in 2025, driven mainly by salaries, employee-related costs and stock-based compensation for new hires.
Invalidation: The isolated read changes if RGTI's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 13 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- R&D expenses increased by $4.5 million in the three months ended March 31, 2026 vs the same period in 2025, driven mainly by salaries, employee-related costs and stock-based compensation for new hires.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Latest annual revenue changed -34.3% year over year.
- Operating margin changed -559.5 percentage points in the latest annual period.
- Net margin changed -1187.6 percentage points in the latest annual period.
- EV/sales is 826% above the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 11, 2026
15.27Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The reduction in interest expense was due to the prepayment of our outstanding debt with Trinity Capital Inc.”10-K · Mar 4, 2026 ↗
“Cost of revenue during the three and nine months ended September 30, 2025 was negatively impacted by an unfavorable revenue mix, with more revenue and cost of revenue coming from contracts with higher costs and a lower gross margin profile.”10-Q · Nov 10, 2025 ↗
“The private placement transaction, which was subject to regulatory clearance, closed on April 29, 2025.”10-Q · May 11, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 667.3× · EV/sales 661.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for RGTI. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for RGTI. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind RGTI
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
INFQInfleqtion, Inc.competitorMar 31, 2026 ▾
“Key competitors include IonQ (trapped ion), IBM and Rigetti (superconducting circuits) and PsiQuantum (photonic qubits).”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
RGTI is currently a Leader in the organic co-movement group Speculative Emerging Tech. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for RGTI; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.