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

Healthcare Triangle, Inc. is the larger business by last-quarter revenue ($3.1M vs $1.9M, roughly 1.7× Rigetti Computing, Inc.). Healthcare Triangle, Inc. runs the higher net margin — -143.4% vs -974.7%, a 831.3% gap on every dollar of revenue. On growth, Healthcare Triangle, Inc. posted the faster year-over-year revenue change (43.4% vs -17.9%). Over the past eight quarters, Healthcare Triangle, Inc.'s revenue compounded faster (-12.6% CAGR vs -21.8%).

Healthcare Triangle, Inc. is a healthcare technology firm that delivers cloud-native data management platforms, AI-powered clinical analytics, and digital workflow solutions. It serves U.S. healthcare providers, payers, and life science organizations, supporting clinical decision-making, care coordination, and operational efficiency across the care continuum.

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.

HCTI vs RGTI — Head-to-Head

Bigger by revenue
HCTI
HCTI
1.7× larger
HCTI
$3.1M
$1.9M
RGTI
Growing faster (revenue YoY)
HCTI
HCTI
+61.2% gap
HCTI
43.4%
-17.9%
RGTI
Higher net margin
HCTI
HCTI
831.3% more per $
HCTI
-143.4%
-974.7%
RGTI
Faster 2-yr revenue CAGR
HCTI
HCTI
Annualised
HCTI
-12.6%
-21.8%
RGTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCTI
HCTI
RGTI
RGTI
Revenue
$3.1M
$1.9M
Net Profit
$-4.5M
$-18.2M
Gross Margin
34.9%
Operating Margin
-141.4%
-1209.7%
Net Margin
-143.4%
-974.7%
Revenue YoY
43.4%
-17.9%
Net Profit YoY
-234.0%
88.1%
EPS (diluted)
$-151.13
$-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
HCTI
HCTI
RGTI
RGTI
Q4 25
$3.1M
$1.9M
Q3 25
$3.5M
$1.9M
Q2 25
$3.6M
$1.8M
Q1 25
$3.7M
$1.5M
Q4 24
$2.2M
$2.3M
Q3 24
$2.4M
$2.4M
Q2 24
$3.0M
$3.1M
Q1 24
$4.1M
$3.1M
Net Profit
HCTI
HCTI
RGTI
RGTI
Q4 25
$-4.5M
$-18.2M
Q3 25
$-1.9M
$-201.0M
Q2 25
$-1.4M
$-39.7M
Q1 25
$-1.7M
$42.6M
Q4 24
$-1.3M
$-153.0M
Q3 24
$-1.2M
$-14.8M
Q2 24
$-1.5M
$-12.4M
Q1 24
$-1.9M
$-20.8M
Gross Margin
HCTI
HCTI
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
HCTI
HCTI
RGTI
RGTI
Q4 25
-141.4%
-1209.7%
Q3 25
-74.3%
-1055.4%
Q2 25
-38.2%
-1103.9%
Q1 25
-37.7%
-1469.6%
Q4 24
-22.5%
-813.3%
Q3 24
-48.4%
-729.4%
Q2 24
-46.2%
-521.2%
Q1 24
-41.7%
-543.4%
Net Margin
HCTI
HCTI
RGTI
RGTI
Q4 25
-143.4%
-974.7%
Q3 25
-54.6%
-10321.9%
Q2 25
-38.4%
-2201.8%
Q1 25
-45.9%
2895.3%
Q4 24
-61.6%
-6726.5%
Q3 24
-51.8%
-623.8%
Q2 24
-50.6%
-402.5%
Q1 24
-45.3%
-680.6%
EPS (diluted)
HCTI
HCTI
RGTI
RGTI
Q4 25
$-151.13
$-0.08
Q3 25
$-0.42
$-0.62
Q2 25
$-0.58
$-0.13
Q1 25
$-0.17
$0.13
Q4 24
$-16783.38
$-0.80
Q3 24
$-54.78
$-0.08
Q2 24
$-70.72
$-0.07
Q1 24
$-0.42
$-0.14

Balance Sheet & Financial Strength

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

Metric
HCTI
HCTI
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$7.6M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$9.9M
$546.2M
Total Assets
$22.7M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCTI
HCTI
RGTI
RGTI
Q4 25
$7.6M
$44.9M
Q3 25
$1.6M
$26.1M
Q2 25
$57.2M
Q1 25
$6.8M
$37.2M
Q4 24
$20.0K
$67.7M
Q3 24
$28.0K
$20.3M
Q2 24
$29.0K
$20.7M
Q1 24
$301.0K
$35.1M
Total Debt
HCTI
HCTI
RGTI
RGTI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$888.0K
Stockholders' Equity
HCTI
HCTI
RGTI
RGTI
Q4 25
$9.9M
$546.2M
Q3 25
$8.7M
$371.8M
Q2 25
$10.2M
$553.3M
Q1 25
$8.6M
$207.1M
Q4 24
$-5.1M
$126.6M
Q3 24
$-1.8M
$122.8M
Q2 24
$-646.0K
$122.2M
Q1 24
$-511.0K
$115.6M
Total Assets
HCTI
HCTI
RGTI
RGTI
Q4 25
$22.7M
$666.6M
Q3 25
$13.8M
$630.3M
Q2 25
$14.6M
$636.7M
Q1 25
$11.8M
$269.1M
Q4 24
$2.0M
$284.8M
Q3 24
$4.8M
$157.3M
Q2 24
$6.0M
$162.4M
Q1 24
$6.9M
$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
HCTI
HCTI
RGTI
RGTI
Operating Cash FlowLast quarter
$-6.8M
$-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
HCTI
HCTI
RGTI
RGTI
Q4 25
$-6.8M
$-14.9M
Q3 25
$-1.5M
$-13.8M
Q2 25
$-2.6M
$-16.2M
Q1 25
$-5.6M
$-13.7M
Q4 24
$-811.0K
$-8.5M
Q3 24
$715.0K
$-15.4M
Q2 24
$-935.0K
$-13.5M
Q1 24
$-50.0K
$-13.1M
Free Cash Flow
HCTI
HCTI
RGTI
RGTI
Q4 25
$-19.5M
Q3 25
$-1.5M
$-19.7M
Q2 25
$-21.8M
Q1 25
$-16.2M
Q4 24
$-9.8M
Q3 24
$-17.7M
Q2 24
$-15.6M
Q1 24
$-18.6M
FCF Margin
HCTI
HCTI
RGTI
RGTI
Q4 25
-1042.5%
Q3 25
-43.0%
-1012.4%
Q2 25
-1212.4%
Q1 25
-1100.4%
Q4 24
-432.1%
Q3 24
-744.5%
Q2 24
-504.3%
Q1 24
-610.5%
Capex Intensity
HCTI
HCTI
RGTI
RGTI
Q4 25
244.8%
Q3 25
0.1%
302.5%
Q2 25
314.7%
Q1 25
173.0%
Q4 24
56.4%
Q3 24
95.8%
Q2 24
66.3%
Q1 24
180.0%
Cash Conversion
HCTI
HCTI
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

HCTI
HCTI

Software Services$2.4M78%
Managed Services And Support$609.0K19%
Other$88.0K3%

RGTI
RGTI

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

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