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Side-by-side financial comparison of BARNWELL INDUSTRIES INC (BRN) and Rigetti Computing, Inc. (RGTI). Click either name above to swap in a different company.

BARNWELL INDUSTRIES INC is the larger business by last-quarter revenue ($3.0M vs $1.9M, roughly 1.6× Rigetti Computing, Inc.). BARNWELL INDUSTRIES INC runs the higher net margin — -80.9% vs -974.7%, a 893.8% gap on every dollar of revenue. On growth, BARNWELL INDUSTRIES INC posted the faster year-over-year revenue change (9.7% vs -17.9%). Over the past eight quarters, Rigetti Computing, Inc.'s revenue compounded faster (-21.8% CAGR vs -30.2%).

Evening Post Industries is a privately held American media company based in Charleston, South Carolina, United States. It has been led by four generations of the Manigault family.

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.

BRN vs RGTI — Head-to-Head

Bigger by revenue
BRN
BRN
1.6× larger
BRN
$3.0M
$1.9M
RGTI
Growing faster (revenue YoY)
BRN
BRN
+27.6% gap
BRN
9.7%
-17.9%
RGTI
Higher net margin
BRN
BRN
893.8% more per $
BRN
-80.9%
-974.7%
RGTI
Faster 2-yr revenue CAGR
RGTI
RGTI
Annualised
RGTI
-21.8%
-30.2%
BRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BRN
BRN
RGTI
RGTI
Revenue
$3.0M
$1.9M
Net Profit
$-2.4M
$-18.2M
Gross Margin
34.9%
Operating Margin
-23.0%
-1209.7%
Net Margin
-80.9%
-974.7%
Revenue YoY
9.7%
-17.9%
Net Profit YoY
-29.0%
88.1%
EPS (diluted)
$-0.25
$-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
BRN
BRN
RGTI
RGTI
Q4 25
$1.9M
Q3 25
$3.0M
$1.9M
Q2 25
$3.2M
$1.8M
Q1 25
$3.6M
$1.5M
Q4 24
$3.9M
$2.3M
Q3 24
$2.7M
$2.4M
Q2 24
$4.5M
$3.1M
Q1 24
$4.7M
$3.1M
Net Profit
BRN
BRN
RGTI
RGTI
Q4 25
$-18.2M
Q3 25
$-2.4M
$-201.0M
Q2 25
$-1.6M
$-39.7M
Q1 25
$-1.2M
$42.6M
Q4 24
$-1.9M
$-153.0M
Q3 24
$-1.9M
$-14.8M
Q2 24
$-1.2M
$-12.4M
Q1 24
$-1.8M
$-20.8M
Gross Margin
BRN
BRN
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
BRN
BRN
RGTI
RGTI
Q4 25
-1209.7%
Q3 25
-23.0%
-1055.4%
Q2 25
1.6%
-1103.9%
Q1 25
21.7%
-1469.6%
Q4 24
-2.7%
-813.3%
Q3 24
-1.3%
-729.4%
Q2 24
7.9%
-521.2%
Q1 24
-14.7%
-543.4%
Net Margin
BRN
BRN
RGTI
RGTI
Q4 25
-974.7%
Q3 25
-80.9%
-10321.9%
Q2 25
-48.6%
-2201.8%
Q1 25
-33.8%
2895.3%
Q4 24
-48.7%
-6726.5%
Q3 24
-68.8%
-623.8%
Q2 24
-27.7%
-402.5%
Q1 24
-37.9%
-680.6%
EPS (diluted)
BRN
BRN
RGTI
RGTI
Q4 25
$-0.08
Q3 25
$-0.25
$-0.62
Q2 25
$-0.15
$-0.13
Q1 25
$-0.12
$0.13
Q4 24
$-0.19
$-0.80
Q3 24
$-0.19
$-0.08
Q2 24
$-0.12
$-0.07
Q1 24
$-0.18
$-0.14

Balance Sheet & Financial Strength

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

Metric
BRN
BRN
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$2.9M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0M
$546.2M
Total Assets
$20.8M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRN
BRN
RGTI
RGTI
Q4 25
$44.9M
Q3 25
$2.9M
$26.1M
Q2 25
$1.2M
$57.2M
Q1 25
$1.4M
$37.2M
Q4 24
$2.0M
$67.7M
Q3 24
$4.3M
$20.3M
Q2 24
$4.4M
$20.7M
Q1 24
$3.7M
$35.1M
Stockholders' Equity
BRN
BRN
RGTI
RGTI
Q4 25
$546.2M
Q3 25
$7.0M
$371.8M
Q2 25
$8.6M
$553.3M
Q1 25
$10.1M
$207.1M
Q4 24
$11.3M
$126.6M
Q3 24
$13.0M
$122.8M
Q2 24
$15.0M
$122.2M
Q1 24
$16.4M
$115.6M
Total Assets
BRN
BRN
RGTI
RGTI
Q4 25
$666.6M
Q3 25
$20.8M
$630.3M
Q2 25
$23.8M
$636.7M
Q1 25
$24.4M
$269.1M
Q4 24
$26.0M
$284.8M
Q3 24
$30.7M
$157.3M
Q2 24
$31.4M
$162.4M
Q1 24
$32.8M
$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
BRN
BRN
RGTI
RGTI
Operating Cash FlowLast quarter
$-610.0K
$-14.9M
Free Cash FlowOCF − Capex
$-19.5M
FCF MarginFCF / Revenue
-1042.5%
Capex IntensityCapex / Revenue
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
BRN
BRN
RGTI
RGTI
Q4 25
$-14.9M
Q3 25
$-610.0K
$-13.8M
Q2 25
$-309.0K
$-16.2M
Q1 25
$-302.0K
$-13.7M
Q4 24
$-759.0K
$-8.5M
Q3 24
$1.2M
$-15.4M
Q2 24
$1.3M
$-13.5M
Q1 24
$887.0K
$-13.1M
Free Cash Flow
BRN
BRN
RGTI
RGTI
Q4 25
$-19.5M
Q3 25
$-19.7M
Q2 25
$-21.8M
Q1 25
$-16.2M
Q4 24
$-3.3M
$-9.8M
Q3 24
$-17.7M
Q2 24
$-15.6M
Q1 24
$-18.6M
FCF Margin
BRN
BRN
RGTI
RGTI
Q4 25
-1042.5%
Q3 25
-1012.4%
Q2 25
-1212.4%
Q1 25
-1100.4%
Q4 24
-83.6%
-432.1%
Q3 24
-744.5%
Q2 24
-504.3%
Q1 24
-610.5%
Capex Intensity
BRN
BRN
RGTI
RGTI
Q4 25
244.8%
Q3 25
302.5%
Q2 25
314.7%
Q1 25
173.0%
Q4 24
64.3%
56.4%
Q3 24
95.8%
Q2 24
66.3%
Q1 24
180.0%
Cash Conversion
BRN
BRN
RGTI
RGTI
Q4 25
Q3 25
Q2 25
Q1 25
-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

BRN
BRN

Segment breakdown not available.

RGTI
RGTI

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

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