Mismanagement

RGTIRigetti Computing, Inc.

Services-Computer Programming Services

Revenue
$7MFY2022: $13MFY2023: $12MFY2024: $11MFY2025: $7M
34% YoY
Operating margin
-1194.4%FY2022: -832.5%FY2023: -602.1%FY2024: -634.9%FY2025: -1194.4%
88% YoY
EBITDA
−$77MFY2021: −$5MFY2022: −$102MFY2023: −$65MFY2024: −$62MFY2025: −$77M
24% YoY
Market cap
—
Employees
—
Net debt / EBITDA
—
$4M net debt
AI in 10-K
—

Red flags 1 of 9

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue—$13M$12M$11M$7M 34% FY2022: $13MFY2023: $12MFY2024: $11MFY2025: $7M
Operating income−$5M−$109M−$72M−$69M−$85M 24% FY2021: −$5MFY2022: −$109MFY2023: −$72MFY2024: −$69MFY2025: −$85M
Net income−$23M−$72M−$75M−$201M−$216M 7.6% FY2021: −$23MFY2022: −$72MFY2023: −$75MFY2024: −$201MFY2025: −$216M
Operating cash flow−$962K−$63M−$51M−$51M−$59M 16% FY2021: −$962KFY2022: −$63MFY2023: −$51MFY2024: −$51MFY2025: −$59M
Capex—$23M$9M$11M$19M 68% FY2022: $23MFY2023: $9MFY2024: $11MFY2025: $19M
Stock-based comp—$45M$12M$13M$18M 35% FY2022: $45MFY2023: $12MFY2024: $13MFY2025: $18M

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo
$0 · 0
Open-market sells, 12 mo
$2M · 1
Net
−$2M

Pay vs performance

No pay-versus-performance disclosure yet.