Stock fact sheet · data as of
Rigetti Computing, Inc. (RGTI): fair value, margin of safety and Wheel Score
Ticker symbol RGTI · Technology · Computer Hardware · United States · Speculative
Is RGTI undervalued?
Rigetti Computing, Inc. (RGTI) closed at 11.21 on 5 Nov 2026. None of the nine GLS valuation models produced a positive value for the stock - the company lost money over the last twelve months, EPS -0.72 and it pays no dividend - so there is no GLS average fair value and no margin of safety to report. The quality, option and event numbers below still apply; the Quote page's Wall Street View shows what analysts expect instead.
The nightly engine files RGTI under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for RGTI
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 1.00 | -91% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 22.50 | +101% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: RGTI passes 2 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 2.5 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC -39.1%, ROE -39.6%, ROA -32.4% - with debt at 0.01 times equity and negative free cash flow.
Rigetti Computing, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Access to quantum computing systems 100% (quarter Q2 FY2026).
Institutional ownership scores 7/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 2 / 9 | ROIC | -39.1% |
|---|---|---|---|
| GLS Moat | 2.5 / 10 | ROE | -39.6% |
| Debt / equity | 0.01 | ROA | -32.4% |
| Free-cash-flow yield | -2.3% | Payout ratio | 0% |
| Institutions | 7 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 25: Weak
RGTI scores 25 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades right at our fair value; and filter 4, financially healthy - Piotroski 2/9 (under 6); and filter 7, a premium worth selling - implied volatility 85% (over 80%), and the parts are thin too - value weak, premium fair, moat weak, health weak, red flags good, option trading strong, stability weak. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 85%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 207,353 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 12.0M shares a day on a market cap of $3.7B, with a beta of 2.15 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that weak.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades right at our fair value |
| 4 | Financially healthy | Fails | Piotroski 2/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 85% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 0% below fair value | |
| Premium | Fair | implied volatility 85% | |
| Moat | Weak | moat 2.5/10 | |
| Health | Weak | Piotroski 2/9 | |
| Red Flags | Good | Red Flags score 82/100 | |
| Option trading | Strong | 18,743 contracts a day, 207,353 open interest | |
| Stability | Weak | beta 2.15, $3.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Rigetti Computing, Inc. reports earnings on 10 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Computer Hardware
The 12 companies below are the closest to Rigetti Computing, Inc. by market cap within the Computer Hardware industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| QBTS D-Wave Quantum Inc. | 10.38 | 0.0697 | -14793% | 20Weak | $3.9B |
| INFQ Infleqtion Inc | 8.56 | 0.0135 | -63354% | 19Weak | $1.9B |
| CRCT Cricut, Inc. | 8.88 | 8.17 | -9% | 36Weak | $1.9B |
| IQMX IQM Quantum Computers Oyj | 8.80 | - | - | 15No options | $1.7B |
| QNT Quantinuum Inc. Class A Common Stock | 32.75 | 11.95 | -174% | 25Weak | $8.6B |
| QUBT Quantum Computing, Inc. | 6.43 | 4.46 | -44% | 20Weak | $1.5B |
| CRSR Corsair Gaming, Inc. | 13.32 | 6.54 | -104% | 31Weak | $1.4B |
| IONQ IonQ, Inc. | 29.54 | - | - | 25Weak | $12.7B |
| LOGI Logitech International S.A. | 100.12 | 107.70 | +7% | 76Good | $14.2B |
| SMCI Super Micro Computer, Inc. | 29.60 | 131.21 | +77% | 47Weak | $19.4B |
| QMCO Quantum Corporation | 16.77 | - | - | 14Weak | $661M |
| SSYS Stratasys Ltd. | 6.82 | - | - | 19Weak | $601M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about RGTI
Is RGTI undervalued right now?
The GLS models could not value RGTI (the company lost money over the last twelve months, EPS -0.72 and it pays no dividend), so there is no fair value or margin of safety to compare the price of 11.21 against.
What is the Wheel Score of RGTI and what does it mean?
RGTI scores 25 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for RGTI?
None of the nine GLS models produced a positive value for RGTI (the company lost money over the last twelve months, EPS -0.72 and it pays no dividend), so there is no GLS fair value tonight.
When does Rigetti Computing, Inc. report earnings next?
The next earnings report is due on 10 Nov 2026 (after the close), 5 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does RGTI have listed options, and how liquid are they?
Yes. The nightly snapshot found 240 listed contracts with 207,353 open interest across all expiries and implied volatility of 85% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.