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Side-by-side financial comparison of Mawson Infrastructure Group Inc. (MIGI) and Rigetti Computing, Inc. (RGTI). Click either name above to swap in a different company.
Mawson Infrastructure Group Inc. is the larger business by last-quarter revenue ($3.2M vs $1.9M, roughly 1.7× Rigetti Computing, Inc.). On growth, Rigetti Computing, Inc. posted the faster year-over-year revenue change (-17.9% vs -78.5%). Mawson Infrastructure Group Inc. produced more free cash flow last quarter ($-7.0M vs $-19.5M). Over the past eight quarters, Rigetti Computing, Inc.'s revenue compounded faster (-21.8% CAGR vs -58.5%).
Mawson Infrastructure Group Inc. is a global digital infrastructure provider that operates sustainable, energy-efficient data centers and specialized hosting solutions for blockchain and digital asset operations. Its core segments include cryptocurrency mining, colocation services, and low-carbon infrastructure development, with primary operational footprints across North America and Australia.
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.
MIGI vs RGTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.2M | $1.9M |
| Net Profit | — | $-18.2M |
| Gross Margin | — | 34.9% |
| Operating Margin | — | -1209.7% |
| Net Margin | — | -974.7% |
| Revenue YoY | -78.5% | -17.9% |
| Net Profit YoY | -246.2% | 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.
| Q4 25 | $3.2M | $1.9M | ||
| Q3 25 | $13.2M | $1.9M | ||
| Q2 25 | $9.5M | $1.8M | ||
| Q1 25 | $13.8M | $1.5M | ||
| Q4 24 | $15.1M | $2.3M | ||
| Q3 24 | $12.3M | $2.4M | ||
| Q2 24 | $13.1M | $3.1M | ||
| Q1 24 | $18.8M | $3.1M |
| Q4 25 | — | $-18.2M | ||
| Q3 25 | $327.7K | $-201.0M | ||
| Q2 25 | $-8.0M | $-39.7M | ||
| Q1 25 | $-310.9K | $42.6M | ||
| Q4 24 | $-4.5M | $-153.0M | ||
| Q3 24 | $-12.2M | $-14.8M | ||
| Q2 24 | $-9.6M | $-12.4M | ||
| Q1 24 | $-19.8M | $-20.8M |
| Q4 25 | — | 34.9% | ||
| Q3 25 | 65.0% | 20.7% | ||
| Q2 25 | 41.3% | 31.4% | ||
| Q1 25 | 42.9% | 30.0% | ||
| Q4 24 | 30.9% | 44.1% | ||
| Q3 24 | 35.1% | 50.6% | ||
| Q2 24 | 32.9% | 64.5% | ||
| Q1 24 | 37.2% | 49.1% |
| Q4 25 | — | -1209.7% | ||
| Q3 25 | 12.0% | -1055.4% | ||
| Q2 25 | -68.9% | -1103.9% | ||
| Q1 25 | 4.2% | -1469.6% | ||
| Q4 24 | -35.2% | -813.3% | ||
| Q3 24 | -92.6% | -729.4% | ||
| Q2 24 | -51.5% | -521.2% | ||
| Q1 24 | -41.0% | -543.4% |
| Q4 25 | — | -974.7% | ||
| Q3 25 | 2.5% | -10321.9% | ||
| Q2 25 | -84.1% | -2201.8% | ||
| Q1 25 | -2.3% | 2895.3% | ||
| Q4 24 | -30.0% | -6726.5% | ||
| Q3 24 | -99.3% | -623.8% | ||
| Q2 24 | -73.4% | -402.5% | ||
| Q1 24 | -105.3% | -680.6% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | $0.01 | $-0.62 | ||
| Q2 25 | $-0.40 | $-0.13 | ||
| Q1 25 | $-0.02 | $0.13 | ||
| Q4 24 | $-49.35 | $-0.80 | ||
| Q3 24 | $-0.66 | $-0.08 | ||
| Q2 24 | $-0.55 | $-0.07 | ||
| Q1 24 | $-1.19 | $-0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.3M | $44.9M |
| Total DebtLower is stronger | $25.2M | — |
| Stockholders' EquityBook value | $-3.1M | $546.2M |
| Total Assets | $57.4M | $666.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.3M | $44.9M | ||
| Q3 25 | $2.3M | $26.1M | ||
| Q2 25 | $3.2M | $57.2M | ||
| Q1 25 | $5.5M | $37.2M | ||
| Q4 24 | $6.1M | $67.7M | ||
| Q3 24 | $5.8M | $20.3M | ||
| Q2 24 | $6.8M | $20.7M | ||
| Q1 24 | $6.4M | $35.1M |
| Q4 25 | $25.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $393.2K | — | ||
| Q1 24 | $41.5K | — |
| Q4 25 | $-3.1M | $546.2M | ||
| Q3 25 | $-9.4M | $371.8M | ||
| Q2 25 | $-8.3M | $553.3M | ||
| Q1 25 | $-1.4M | $207.1M | ||
| Q4 24 | $-3.2M | $126.6M | ||
| Q3 24 | $-1.6M | $122.8M | ||
| Q2 24 | $4.4M | $122.2M | ||
| Q1 24 | $13.0M | $115.6M |
| Q4 25 | $57.4M | $666.6M | ||
| Q3 25 | $52.0M | $630.3M | ||
| Q2 25 | $52.7M | $636.7M | ||
| Q1 25 | $57.9M | $269.1M | ||
| Q4 24 | $61.4M | $284.8M | ||
| Q3 24 | $60.8M | $157.3M | ||
| Q2 24 | $65.6M | $162.4M | ||
| Q1 24 | $67.7M | $162.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.09× | — | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.9M | $-14.9M |
| Free Cash FlowOCF − Capex | $-7.0M | $-19.5M |
| FCF MarginFCF / Revenue | -218.1% | -1042.5% |
| Capex IntensityCapex / Revenue | 4.6% | 244.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-10.6M | $-77.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | $-14.9M | ||
| Q3 25 | $-844.5K | $-13.8M | ||
| Q2 25 | $-2.1M | $-16.2M | ||
| Q1 25 | $-510.4K | $-13.7M | ||
| Q4 24 | $3.6M | $-8.5M | ||
| Q3 24 | $-1.2M | $-15.4M | ||
| Q2 24 | $2.5M | $-13.5M | ||
| Q1 24 | $1.9M | $-13.1M |
| Q4 25 | $-7.0M | $-19.5M | ||
| Q3 25 | $-859.7K | $-19.7M | ||
| Q2 25 | $-2.1M | $-21.8M | ||
| Q1 25 | $-516.9K | $-16.2M | ||
| Q4 24 | $1.6M | $-9.8M | ||
| Q3 24 | $-1.3M | $-17.7M | ||
| Q2 24 | $592.4K | $-15.6M | ||
| Q1 24 | $1.9M | $-18.6M |
| Q4 25 | -218.1% | -1042.5% | ||
| Q3 25 | -6.5% | -1012.4% | ||
| Q2 25 | -22.3% | -1212.4% | ||
| Q1 25 | -3.7% | -1100.4% | ||
| Q4 24 | 10.7% | -432.1% | ||
| Q3 24 | -10.4% | -744.5% | ||
| Q2 24 | 4.5% | -504.3% | ||
| Q1 24 | 9.9% | -610.5% |
| Q4 25 | 4.6% | 244.8% | ||
| Q3 25 | 0.1% | 302.5% | ||
| Q2 25 | 0.5% | 314.7% | ||
| Q1 25 | 0.0% | 173.0% | ||
| Q4 24 | 13.0% | 56.4% | ||
| Q3 24 | 0.3% | 95.8% | ||
| Q2 24 | 14.3% | 66.3% | ||
| Q1 24 | 0.1% | 180.0% |
| Q4 25 | — | — | ||
| Q3 25 | -2.58× | — | ||
| 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
MIGI
Segment breakdown not available.
RGTI
| Collaborative Research And Other Professional Services | $1.7M | 93% |
| Other | $131.0K | 7% |
