Logo: Rigetti Computing, Public domain, via Wikimedia Commons · trademarkedRGTI
Rigetti Computing, Inc.
Rigetti Computing, Inc. is classed by the SEC under Services-Computer Programming Services (industry code 7371), based in Berkeley, CA. Its latest filed balance sheet (2025-12-31) shows total assets of $651 million (its filed statements).
Subscription businessServices-Computer Programming ServicesBerkeley, CAfilings since 20208 of 9 filed, 1 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a subscription business: prior from its industry code (SEC 7371, Services-Computer Programming Services); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 2.9 out of ten, 8 of 9 metrics filed and 1 estimated: past 1.2 out of ten, present 3.4 out of ten, future 3.4 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 1.3 out of ten. 9 warning events since 2020; the latest 2024-09-17. 13th percentile among 34 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 1.2 out of ten. -18.5% a year over 4 filed years; profitable in 0 of 4. 12th percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 1.2 out of ten. CrossAssetData estimate 1.2/10, confidence 35 of 100 (one part). 12th percentile among 31 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 3.9 out of ten. ROE -40%: lost 40¢ per shareholder dollar. Leverage 18%: owes 18¢ per asset dollar. 39th percentile among 30 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 1.2 out of ten. bottom 12% of 32 in its family; net margin -3050.4%. 12th percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Leadership (present): 5.8 out of ten. top 42% of 11 in its family for leadership; chief executive since 2022. 58th percentile among 11 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-09).
Room to expand (future): 4.6 out of ten. bottom 46% of 31 in its family for room to expand. 46th percentile among 31 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Growth drivers (future): 4.1 out of ten. bottom 41% of 32 in its family for growth drivers. 41st percentile among 32 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 1.5 out of ten. bottom 15% of 28 in its family for expectations against reality. 15th percentile among 28 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
The filing record
Newest annual report: Form 10-K filed 2026-03-04 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-06 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-06 (on EDGAR). Newest filing: Form 4, 2026-09-10. Filings on record since 2020. Read from EDGAR 2026-10-12.
Where the revenue comes from
Product and service lines in fiscal 2025: Collaborative Research and Other Professional Services 94%, Access to Quantum Computing Systems 6%. As tagged in its annual report (Form 10-K, filed 2026-03-04).
Who runs it
Kulkarni, Subodh K (President and CEO); Bertelsen, Jeffrey A. (CHIEF FINANCIAL OFFICER); Clifton, Michael S. (Chief Financial Officer); Rivas, David (CHIEF OPERATING OFFICER); Bestwick, Andrew Joseph (CHIEF TECHNOLOGY OFFICER); Johnson, Ray O (director); Fitzgerald, Alissa (director); Iannotti, Thomas J (director); Sandford, Helene Gail (director). 9 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-09-30.
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