Rigetti Computing (RGTI) Stock Analysis

November 11, 2026

This is a peer-relative look at Rigetti Computing (RGTI): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Rigetti Computing (RGTI)
Profile Item	RGTI
Name	Rigetti Computing, Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	3.92 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	April 22, 2021
Security Type	Common Stock

Price Performance

Cumulative Growth

RGTI

GSPC

Rigetti Computing (RGTI) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Rigetti Computing (RGTI) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Rigetti Computing (RGTI) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Total Return (1Y)	-61.98%	35.06%
Total Return (3Y, Annualized)	130.39%	22.14%
Total Return (5Y, Annualized)	3.44%	7.43%

Risk Profile

Drawdown History

RGTI

GSPC

Rigetti Computing (RGTI) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Rigetti Computing (RGTI) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Volatility (1Y, Annualized)	96.83%	73.97%
Beta (5Y)	2.12	1.84
Max Drawdown (5Y)	-96.89%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. RGTI is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Sharpe Ratio (1Y)	-0.68	0.42
Sortino Ratio (1Y)	-1.06	0.61

Profitability

ROE (TTM)

Rigetti Computing (RGTI) has negative ROE of -43.77%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.

RGTI

Semiconductors & Semiconductor Equipment industry group

-43.77%

Group distribution

Max: 52.82%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%
RGTI: -43.77%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
AMD: 11.96%
RGTI: -43.77%

Where Rigetti Computing (RGTI) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Rigetti Computing (RGTI) keeps 0.00% of revenue as net profit, in the lower peer quartile for net margin. More of each sales dollar is being absorbed by costs, financing, taxes, or other charges than at most peers.

RGTI

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 63.80%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
RGTI: 0.00%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
AMD: 16.77%
RGTI: 0.00%

Where Rigetti Computing (RGTI) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Rigetti Computing (RGTI) has negative operating margin of -546.17%. Core operations were loss-making before interest and taxes over the trailing period.

RGTI

Semiconductors & Semiconductor Equipment industry group

-546.17%

Group distribution

Max: 58.66%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%
RGTI: -546.17%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
AMD: 21.17%
RGTI: -546.17%

Where Rigetti Computing (RGTI) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
ROE (TTM)	-43.77%	10.58%
ROA (TTM)	-9.45%	4.85%
Net Margin (TTM)	0.00%	11.44%
Operating Margin (TTM)	-546.17%	15.91%
Gross Margin (TTM)	34.61%	49.36%

Growth

Revenue Growth

Rigetti Computing (RGTI) grew revenue -34.31%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Rigetti Computing (RGTI): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

No usable EPS growth is available for Rigetti Computing (RGTI) this period, so the earnings-momentum read is skipped.

Rigetti Computing (RGTI) doesn't report EPS Growth this period; the bars show the Semiconductors & Semiconductor Equipment industry-group medians on their own.

Growth Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Revenue Growth (YoY)	-34.31%	9.64%
Revenue Growth (3Y CAGR)	-18.52%	0.00%
EPS Growth (YoY)	--	4.90%
EPS Growth (3Y CAGR)	--	-7.71%

Financial Strength

Current Ratio (MRQ)

Rigetti Computing (RGTI) has current ratio of 3.94, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

RGTI

Semiconductors & Semiconductor Equipment industry group

3.94

Group distribution

Max: 10.33
Q3: 5.62
RGTI: 3.94
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
NVDA: 4.59
RGTI: 3.94
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Rigetti Computing (RGTI) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Rigetti Computing (RGTI) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

RGTI

Semiconductors & Semiconductor Equipment industry group

0.01

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
RGTI: 0.01
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04
RGTI: 0.01

Where Rigetti Computing (RGTI) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Current Ratio (MRQ)	3.94	3.33
Debt / Equity (MRQ)	0.01	0.27
Net Debt / EBITDA	--	-0.36

Dividends

Dividend Yield (TTM)

Rigetti Computing (RGTI) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

RGTI

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 1.37%
Q3: 0.65%
RGTI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
NVDA: 0.15%
MU: 0.09%
RGTI: 0.00%
AMD: 0.00%

Where Rigetti Computing (RGTI) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Rigetti Computing (RGTI) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

RGTI

Semiconductors & Semiconductor Equipment industry group

0.00%

Group distribution

Max: 49.64%
Q3: 21.71%
RGTI: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
RGTI: 0.00%
SKHY: 0.00%
AMD: 0.00%

Where Rigetti Computing (RGTI) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for Rigetti Computing (RGTI) this period, so the trailing-earnings valuation read is skipped.

RGTI

Semiconductors & Semiconductor Equipment industry group

Group distribution

Max: 110.34
Q3: 66.81
Median: 37.02
Q1: 23.96
Min: 8.12
RGTI: --

Largest peers

AMD: 95.95
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12
RGTI: --

Rigetti Computing (RGTI) doesn’t report P/E ratio this period; the box shows the Semiconductors & Semiconductor Equipment group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Rigetti Computing (RGTI) trades at 293.70 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

RGTI

Semiconductors & Semiconductor Equipment industry group

293.70

Group distribution

RGTI: 293.70
Max: 21.42
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

RGTI: 293.70
AMD: 16.21
AVGO: 15.73
NVDA: 14.88
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Rigetti Computing (RGTI) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Rigetti Computing (RGTI) trades at 7.29 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

RGTI

Semiconductors & Semiconductor Equipment industry group

7.29

Group distribution

Max: 14.06
Q3: 7.44
RGTI: 7.29
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
AMD: 10.77
RGTI: 7.29
MU: 5.64
SKHY: 3.95

Where Rigetti Computing (RGTI) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Rigetti Computing (RGTI) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: RGTI	Industry group median
P/E Ratio (TTM)	--	37.02
P/S Ratio (TTM)	293.70	5.76
P/B Ratio (MRQ)	7.29	4.29
Free Cash Flow Yield (TTM)	0.67%	1.46%