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Side-by-side financial comparison of Lucid Diagnostics Inc. (LUCD) 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 $1.2M, roughly 1.5× Lucid Diagnostics Inc.). Lucid Diagnostics Inc. runs the higher net margin — -858.5% vs -974.7%, a 116.1% gap on every dollar of revenue. On growth, Lucid Diagnostics Inc. posted the faster year-over-year revenue change (3.3% vs -17.9%). Over the past eight quarters, Lucid Diagnostics Inc.'s revenue compounded faster (7.9% CAGR vs -21.8%).

Lucid Diagnostics Inc. is a commercial-stage medical diagnostics firm focused on non-invasive screening tests for upper gastrointestinal diseases, including early detection of esophageal cancer and pre-cancerous lesions. It mainly serves healthcare providers and clinical partners across the United States, targeting at-risk patient populations.

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.

LUCD vs RGTI — Head-to-Head

Bigger by revenue
RGTI
RGTI
1.5× larger
RGTI
$1.9M
$1.2M
LUCD
Growing faster (revenue YoY)
LUCD
LUCD
+21.2% gap
LUCD
3.3%
-17.9%
RGTI
Higher net margin
LUCD
LUCD
116.1% more per $
LUCD
-858.5%
-974.7%
RGTI
Faster 2-yr revenue CAGR
LUCD
LUCD
Annualised
LUCD
7.9%
-21.8%
RGTI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LUCD
LUCD
RGTI
RGTI
Revenue
$1.2M
$1.9M
Net Profit
$-10.4M
$-18.2M
Gross Margin
34.9%
Operating Margin
-971.0%
-1209.7%
Net Margin
-858.5%
-974.7%
Revenue YoY
3.3%
-17.9%
Net Profit YoY
16.0%
88.1%
EPS (diluted)
$-0.10
$-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
LUCD
LUCD
RGTI
RGTI
Q4 25
$1.9M
Q3 25
$1.2M
$1.9M
Q2 25
$1.2M
$1.8M
Q1 25
$828.0K
$1.5M
Q4 24
$1.2M
$2.3M
Q3 24
$1.2M
$2.4M
Q2 24
$976.0K
$3.1M
Q1 24
$1.0M
$3.1M
Net Profit
LUCD
LUCD
RGTI
RGTI
Q4 25
$-18.2M
Q3 25
$-10.4M
$-201.0M
Q2 25
$-4.4M
$-39.7M
Q1 25
$-26.9M
$42.6M
Q4 24
$-11.5M
$-153.0M
Q3 24
$-12.4M
$-14.8M
Q2 24
$-11.0M
$-12.4M
Q1 24
$-10.6M
$-20.8M
Gross Margin
LUCD
LUCD
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
LUCD
LUCD
RGTI
RGTI
Q4 25
-1209.7%
Q3 25
-971.0%
-1055.4%
Q2 25
-978.8%
-1103.9%
Q1 25
-1508.1%
-1469.6%
Q4 24
-1033.8%
-813.3%
Q3 24
-997.8%
-729.4%
Q2 24
-1146.7%
-521.2%
Q1 24
-1078.1%
-543.4%
Net Margin
LUCD
LUCD
RGTI
RGTI
Q4 25
-974.7%
Q3 25
-858.5%
-10321.9%
Q2 25
-381.7%
-2201.8%
Q1 25
-3249.8%
2895.3%
Q4 24
-964.2%
-6726.5%
Q3 24
-1055.5%
-623.8%
Q2 24
-1127.6%
-402.5%
Q1 24
-1060.1%
-680.6%
EPS (diluted)
LUCD
LUCD
RGTI
RGTI
Q4 25
$-0.08
Q3 25
$-0.10
$-0.62
Q2 25
$-0.08
$-0.13
Q1 25
$-0.52
$0.13
Q4 24
$-0.17
$-0.80
Q3 24
$-0.25
$-0.08
Q2 24
$-0.23
$-0.07
Q1 24
$-0.40
$-0.14

Balance Sheet & Financial Strength

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

Metric
LUCD
LUCD
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$47.3M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$25.8M
$546.2M
Total Assets
$53.2M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LUCD
LUCD
RGTI
RGTI
Q4 25
$44.9M
Q3 25
$47.3M
$26.1M
Q2 25
$31.1M
$57.2M
Q1 25
$25.2M
$37.2M
Q4 24
$22.4M
$67.7M
Q3 24
$14.5M
$20.3M
Q2 24
$24.9M
$20.7M
Q1 24
$24.8M
$35.1M
Stockholders' Equity
LUCD
LUCD
RGTI
RGTI
Q4 25
$546.2M
Q3 25
$25.8M
$371.8M
Q2 25
$7.9M
$553.3M
Q1 25
$-5.4M
$207.1M
Q4 24
$5.4M
$126.6M
Q3 24
$6.3M
$122.8M
Q2 24
$16.0M
$122.2M
Q1 24
$11.9M
$115.6M
Total Assets
LUCD
LUCD
RGTI
RGTI
Q4 25
$666.6M
Q3 25
$53.2M
$630.3M
Q2 25
$38.7M
$636.7M
Q1 25
$32.8M
$269.1M
Q4 24
$30.7M
$284.8M
Q3 24
$22.6M
$157.3M
Q2 24
$34.1M
$162.4M
Q1 24
$32.0M
$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
LUCD
LUCD
RGTI
RGTI
Operating Cash FlowLast quarter
$-10.9M
$-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
LUCD
LUCD
RGTI
RGTI
Q4 25
$-14.9M
Q3 25
$-10.9M
$-13.8M
Q2 25
$-10.5M
$-16.2M
Q1 25
$-12.5M
$-13.7M
Q4 24
$-9.9M
$-8.5M
Q3 24
$-10.2M
$-15.4M
Q2 24
$-11.5M
$-13.5M
Q1 24
$-12.6M
$-13.1M
Free Cash Flow
LUCD
LUCD
RGTI
RGTI
Q4 25
$-19.5M
Q3 25
$-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
LUCD
LUCD
RGTI
RGTI
Q4 25
-1042.5%
Q3 25
-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
LUCD
LUCD
RGTI
RGTI
Q4 25
244.8%
Q3 25
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
LUCD
LUCD
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

LUCD
LUCD

Segment breakdown not available.

RGTI
RGTI

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

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