Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
Company profile
Ticker
RGTI, RGTIW
Exchange
Website
CEO
Dr. Subodh K. Kulkarni Ph.D.
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Blue Water Biotech, Inc., Blue Water Vaccines Inc.
SEC CIK
RGTI stock data
Latest filings (excl ownership)
8-K
Other Events
24 Sep 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
17 Sep 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
8-K
Rigetti Computing Reports Second Quarter 2024 Financial Results
8 Aug 24
8-K
Entry into a Material Definitive Agreement
24 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
20 Jun 24
SD
Conflict minerals disclosure
23 May 24
10-Q
2024 Q1
Quarterly report
9 May 24
8-K
Rigetti Computing Reports First Quarter 2024 Financial Results
9 May 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
Transcripts
RGTI
Earnings call transcript
2024 Q1
9 May 24
RGTI
Earnings call transcript
2023 Q4
14 Mar 24
RGTI
Earnings call transcript
2023 Q3
9 Nov 23
RGTI
Earnings call transcript
2023 Q2
10 Aug 23
RGTI
Earnings call transcript
2023 Q2
10 Aug 23
RGTI
Earnings call transcript
2023 Q1
11 May 23
RGTI
Earnings call transcript
2023 Q1
11 May 23
RGTI
Earnings call transcript
2022 Q4
27 Mar 23
RGTI
Earnings call transcript
2022 Q4
23 Mar 23
RGTI
Earnings call transcript
2022 Q3
15 Nov 22
Latest ownership filings
4
Helene Gail Sandford
17 Sep 24
4
Helene Gail Sandford
12 Sep 24
144
Notice of proposed sale of securities
11 Sep 24
4
Alissa Fitzgerald
10 Sep 24
144
Notice of proposed sale of securities
14 Aug 24
144
Notice of proposed sale of securities
14 Aug 24
4
Richard Danis
14 Aug 24
4
David Rivas
14 Aug 24
4
Alissa Fitzgerald
12 Aug 24
4
Alissa Fitzgerald
16 Jul 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 20.68 mm | 20.68 mm | 20.68 mm | 20.68 mm | 20.68 mm | 20.68 mm |
Cash burn (monthly) | 4.80 mm | 85.67 k | 5.36 mm | 6.36 mm | 4.51 mm | 3.63 mm |
Cash used (since last report) | 18.24 mm | 325.18 k | 20.35 mm | 24.13 mm | 17.10 mm | 13.80 mm |
Cash remaining | 2.45 mm | 20.36 mm | 332.03 k | -3.44 mm | 3.58 mm | 6.89 mm |
Runway (months of cash) | 0.5 | 237.7 | 0.1 | -0.5 | 0.8 | 1.9 |
Institutional ownership, Q2 2024
51.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 108 |
Opened positions | 87 |
Closed positions | 4 |
Increased positions | 3 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 67.87 bn |
Total shares | 99.18 mm |
Total puts | 435.10 k |
Total calls | 572.70 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Deer Management | 21.58 mm | $23.09 bn |
Deer X & Co. | 21.58 mm | $0.00 |
BLK BlackRock | 8.91 mm | $9.53 bn |
American Assets Investment Management | 8.44 mm | $9.03 bn |
Launch Angels Management | 7.60 mm | $71.65 mm |
Vanguard | 5.88 mm | $6.29 bn |
Penserra Capital Management | 4.15 mm | $4.44 mm |
Geode Capital Management | 3.00 mm | $3.21 bn |
STT State Street | 2.41 mm | $2.57 bn |
Millennium Management | 2.39 mm | $2.55 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Sep 24 | Helene Gail Sandford | Common Stock | Sell | Dispose S | No | Yes | 0.82 | 43,200 | 35.42 k | 257,752 |
11 Sep 24 | Helene Gail Sandford | Common Stock | Sell | Dispose S | No | Yes | 0.75 | 23,162 | 17.37 k | 300,952 |
9 Sep 24 | Alissa Fitzgerald | Common Stock | Sell | Dispose S | No | Yes | 0 | 17,294 | 0.00 | 156,373 |
14 Aug 24 | Richard Danis | Common Stock | Sell | Dispose S | No | No | 0.87 | 6,332 | 5.51 k | 1,042,005 |
14 Aug 24 | David Rivas | Common Stock | Sell | Dispose S | No | No | 0.87 | 39,638 | 34.49 k | 1,336,369 |
News
12 Information Technology Stocks Moving In Wednesday's Intraday Session
23 Oct 24
12 Information Technology Stocks Moving In Friday's Intraday Session
18 Oct 24
Deep Dive Into Rigetti Computing Stock: Analyst Perspectives (4 Ratings)
9 Aug 24
Needham Maintains Buy on Rigetti Computing, Lowers Price Target to $2
9 Aug 24
Rigetti Computing Q2 2024 GAAP EPS $(0.07) Beats $(0.10) Estimate, Sales $3.086M Miss $3.532M Estimate
8 Aug 24
Press releases
Rigetti CEO Dr. Subodh Kulkarni to Speak at Stanford Conference on Technology + National Security
7 Oct 24
Quantum Computing and AI Providing Boosts to Both Data and Physical Security
27 Sep 24
Rigetti Introduces Novel Chip Fabrication Process For Scalable, High Performing QPUs
15 Aug 24
Rigetti Computing to Report Second Quarter 2024 Financial Results and Host Conference Call on August 8, 2024
29 Jul 24