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Side-by-side financial comparison of Atara Biotherapeutics, Inc. (ATRA) and Rigetti Computing, Inc. (RGTI). Click either name above to swap in a different company.

Rigetti Computing, Inc. is the larger business by last-quarter revenue ($1.9M vs $1.6M, roughly 1.2× Atara Biotherapeutics, Inc.). On growth, Rigetti Computing, Inc. posted the faster year-over-year revenue change (-17.9% vs -95.1%). Over the past eight quarters, Rigetti Computing, Inc.'s revenue compounded faster (-21.8% CAGR vs -75.9%).

Atara Biotherapeutics, Inc. is a clinical-stage biotechnology company focused on developing allogeneic T-cell immunotherapies for patients with unmet medical needs across oncology, autoimmune disease, and infectious disease indications. It operates primarily in North America, Europe, and Asia-Pacific, partnering with research institutions to advance its novel treatment pipeline.

Rigetti Computing, Inc. is a Berkeley, California-based developer of superconducting quantum integrated circuits used for quantum computers. Rigetti also develops a cloud platform called Forest that enables programmers to write quantum algorithms.

ATRA vs RGTI — Head-to-Head

Bigger by revenue
RGTI
RGTI
1.2× larger
RGTI
$1.9M
$1.6M
ATRA
Growing faster (revenue YoY)
RGTI
RGTI
+77.3% gap
RGTI
-17.9%
-95.1%
ATRA
Faster 2-yr revenue CAGR
RGTI
RGTI
Annualised
RGTI
-21.8%
-75.9%
ATRA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATRA
ATRA
RGTI
RGTI
Revenue
$1.6M
$1.9M
Net Profit
$-18.2M
Gross Margin
34.9%
Operating Margin
-1209.7%
Net Margin
-974.7%
Revenue YoY
-95.1%
-17.9%
Net Profit YoY
73.2%
88.1%
EPS (diluted)
$-0.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATRA
ATRA
RGTI
RGTI
Q4 25
$1.6M
$1.9M
Q3 25
$3.5M
$1.9M
Q2 25
$17.6M
$1.8M
Q1 25
$98.1M
$1.5M
Q4 24
$32.8M
$2.3M
Q3 24
$40.2M
$2.4M
Q2 24
$28.6M
$3.1M
Q1 24
$27.4M
$3.1M
Net Profit
ATRA
ATRA
RGTI
RGTI
Q4 25
$-18.2M
Q3 25
$-4.3M
$-201.0M
Q2 25
$2.4M
$-39.7M
Q1 25
$38.0M
$42.6M
Q4 24
$-12.7M
$-153.0M
Q3 24
$-21.9M
$-14.8M
Q2 24
$-19.0M
$-12.4M
Q1 24
$-31.8M
$-20.8M
Gross Margin
ATRA
ATRA
RGTI
RGTI
Q4 25
34.9%
Q3 25
20.7%
Q2 25
31.4%
Q1 25
30.0%
Q4 24
44.1%
Q3 24
50.6%
Q2 24
64.5%
Q1 24
49.1%
Operating Margin
ATRA
ATRA
RGTI
RGTI
Q4 25
-1209.7%
Q3 25
-103.5%
-1055.4%
Q2 25
18.2%
-1103.9%
Q1 25
39.5%
-1469.6%
Q4 24
-37.3%
-813.3%
Q3 24
-54.1%
-729.4%
Q2 24
-63.7%
-521.2%
Q1 24
-114.2%
-543.4%
Net Margin
ATRA
ATRA
RGTI
RGTI
Q4 25
-974.7%
Q3 25
-124.6%
-10321.9%
Q2 25
13.6%
-2201.8%
Q1 25
38.7%
2895.3%
Q4 24
-38.8%
-6726.5%
Q3 24
-54.5%
-623.8%
Q2 24
-66.5%
-402.5%
Q1 24
-116.1%
-680.6%
EPS (diluted)
ATRA
ATRA
RGTI
RGTI
Q4 25
$-0.08
Q3 25
$-0.32
$-0.62
Q2 25
$0.19
$-0.13
Q1 25
$3.50
$0.13
Q4 24
$0.27
$-0.80
Q3 24
$-2.93
$-0.08
Q2 24
$-3.10
$-0.07
Q1 24
$-5.65
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATRA
ATRA
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$8.5M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-38.5M
$546.2M
Total Assets
$20.2M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATRA
ATRA
RGTI
RGTI
Q4 25
$8.5M
$44.9M
Q3 25
$13.7M
$26.1M
Q2 25
$22.3M
$57.2M
Q1 25
$13.8M
$37.2M
Q4 24
$42.5M
$67.7M
Q3 24
$67.2M
$20.3M
Q2 24
$35.3M
$20.7M
Q1 24
$46.2M
$35.1M
Stockholders' Equity
ATRA
ATRA
RGTI
RGTI
Q4 25
$-38.5M
$546.2M
Q3 25
$-36.6M
$371.8M
Q2 25
$-35.0M
$553.3M
Q1 25
$-55.1M
$207.1M
Q4 24
$-97.3M
$126.6M
Q3 24
$-90.5M
$122.8M
Q2 24
$-110.9M
$122.2M
Q1 24
$-98.3M
$115.6M
Total Assets
ATRA
ATRA
RGTI
RGTI
Q4 25
$20.2M
$666.6M
Q3 25
$30.2M
$630.3M
Q2 25
$36.9M
$636.7M
Q1 25
$62.0M
$269.1M
Q4 24
$109.1M
$284.8M
Q3 24
$142.7M
$157.3M
Q2 24
$117.3M
$162.4M
Q1 24
$165.3M
$162.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATRA
ATRA
RGTI
RGTI
Operating Cash FlowLast quarter
$-50.9M
$-14.9M
Free Cash FlowOCF − Capex
$-19.5M
FCF MarginFCF / Revenue
-1042.5%
Capex IntensityCapex / Revenue
0.0%
244.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATRA
ATRA
RGTI
RGTI
Q4 25
$-50.9M
$-14.9M
Q3 25
$-9.8M
$-13.8M
Q2 25
$-7.3M
$-16.2M
Q1 25
$-28.1M
$-13.7M
Q4 24
$-24.5M
$-8.5M
Q3 24
$-4.0M
$-15.4M
Q2 24
$-10.6M
$-13.5M
Q1 24
$-29.6M
$-13.1M
Free Cash Flow
ATRA
ATRA
RGTI
RGTI
Q4 25
$-19.5M
Q3 25
$-19.7M
Q2 25
$-21.8M
Q1 25
$-16.2M
Q4 24
$-24.6M
$-9.8M
Q3 24
$-17.7M
Q2 24
$-10.7M
$-15.6M
Q1 24
$-29.7M
$-18.6M
FCF Margin
ATRA
ATRA
RGTI
RGTI
Q4 25
-1042.5%
Q3 25
-1012.4%
Q2 25
-1212.4%
Q1 25
-1100.4%
Q4 24
-75.0%
-432.1%
Q3 24
-744.5%
Q2 24
-37.3%
-504.3%
Q1 24
-108.7%
-610.5%
Capex Intensity
ATRA
ATRA
RGTI
RGTI
Q4 25
0.0%
244.8%
Q3 25
0.0%
302.5%
Q2 25
0.0%
314.7%
Q1 25
0.0%
173.0%
Q4 24
0.3%
56.4%
Q3 24
0.0%
95.8%
Q2 24
0.1%
66.3%
Q1 24
0.5%
180.0%
Cash Conversion
ATRA
ATRA
RGTI
RGTI
Q4 25
Q3 25
Q2 25
-3.07×
Q1 25
-0.74×
-0.32×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ATRA
ATRA

Segment breakdown not available.

RGTI
RGTI

Collaborative Research And Other Professional Services$1.7M93%
Other$131.0K7%

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