vs

Side-by-side financial comparison of Marker Therapeutics, Inc. (MRKR) 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 $1.1M, roughly 1.7× Marker Therapeutics, Inc.). Marker Therapeutics, Inc. runs the higher net margin — -154.4% vs -974.7%, a 820.3% gap on every dollar of revenue. On growth, Rigetti Computing, Inc. posted the faster year-over-year revenue change (-17.9% vs -51.0%). Over the past eight quarters, Marker Therapeutics, Inc.'s revenue compounded faster (-5.8% CAGR vs -21.8%).

Marker Therapeutics, Inc. is a clinical-stage biotechnology firm focused on developing innovative T cell immunotherapies for cancer treatment. Its pipeline covers hematological malignancies and multiple solid tumors, operating primarily in the U.S. oncology market to address unmet medical needs for patients with limited treatment options.

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.

MRKR vs RGTI — Head-to-Head

Bigger by revenue
RGTI
RGTI
1.7× larger
RGTI
$1.9M
$1.1M
MRKR
Growing faster (revenue YoY)
RGTI
RGTI
+33.1% gap
RGTI
-17.9%
-51.0%
MRKR
Higher net margin
MRKR
MRKR
820.3% more per $
MRKR
-154.4%
-974.7%
RGTI
Faster 2-yr revenue CAGR
MRKR
MRKR
Annualised
MRKR
-5.8%
-21.8%
RGTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRKR
MRKR
RGTI
RGTI
Revenue
$1.1M
$1.9M
Net Profit
$-1.7M
$-18.2M
Gross Margin
34.9%
Operating Margin
-170.7%
-1209.7%
Net Margin
-154.4%
-974.7%
Revenue YoY
-51.0%
-17.9%
Net Profit YoY
55.6%
88.1%
EPS (diluted)
$0.02
$-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
MRKR
MRKR
RGTI
RGTI
Q4 25
$1.1M
$1.9M
Q3 25
$1.2M
$1.9M
Q2 25
$861.2K
$1.8M
Q1 25
$349.1K
$1.5M
Q4 24
$2.3M
$2.3M
Q3 24
$1.9M
$2.4M
Q2 24
$1.2M
$3.1M
Q1 24
$1.2M
$3.1M
Net Profit
MRKR
MRKR
RGTI
RGTI
Q4 25
$-1.7M
$-18.2M
Q3 25
$-2.0M
$-201.0M
Q2 25
$-4.0M
$-39.7M
Q1 25
$-4.4M
$42.6M
Q4 24
$-3.8M
$-153.0M
Q3 24
$-2.3M
$-14.8M
Q2 24
$-2.2M
$-12.4M
Q1 24
$-2.4M
$-20.8M
Gross Margin
MRKR
MRKR
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
MRKR
MRKR
RGTI
RGTI
Q4 25
-170.7%
-1209.7%
Q3 25
-173.3%
-1055.4%
Q2 25
-494.8%
-1103.9%
Q1 25
-1320.1%
-1469.6%
Q4 24
-171.5%
-813.3%
Q3 24
-124.6%
-729.4%
Q2 24
-197.4%
-521.2%
Q1 24
-204.9%
-543.4%
Net Margin
MRKR
MRKR
RGTI
RGTI
Q4 25
-154.4%
-974.7%
Q3 25
-162.1%
-10321.9%
Q2 25
-466.3%
-2201.8%
Q1 25
-1273.6%
2895.3%
Q4 24
-170.4%
-6726.5%
Q3 24
-119.8%
-623.8%
Q2 24
-187.5%
-402.5%
Q1 24
-192.3%
-680.6%
EPS (diluted)
MRKR
MRKR
RGTI
RGTI
Q4 25
$0.02
$-0.08
Q3 25
$-0.12
$-0.62
Q2 25
$-0.29
$-0.13
Q1 25
$-0.40
$0.13
Q4 24
$-0.41
$-0.80
Q3 24
$-0.26
$-0.08
Q2 24
$-0.25
$-0.07
Q1 24
$-0.27
$-0.14

Balance Sheet & Financial Strength

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

Metric
MRKR
MRKR
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$16.1M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$16.8M
$546.2M
Total Assets
$19.1M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRKR
MRKR
RGTI
RGTI
Q4 25
$16.1M
$44.9M
Q3 25
$17.6M
$26.1M
Q2 25
$10.5M
$57.2M
Q1 25
$13.7M
$37.2M
Q4 24
$19.2M
$67.7M
Q3 24
$9.0M
$20.3M
Q2 24
$7.8M
$20.7M
Q1 24
$11.3M
$35.1M
Stockholders' Equity
MRKR
MRKR
RGTI
RGTI
Q4 25
$16.8M
$546.2M
Q3 25
$18.4M
$371.8M
Q2 25
$10.5M
$553.3M
Q1 25
$14.5M
$207.1M
Q4 24
$18.6M
$126.6M
Q3 24
$7.4M
$122.8M
Q2 24
$9.7M
$122.2M
Q1 24
$11.8M
$115.6M
Total Assets
MRKR
MRKR
RGTI
RGTI
Q4 25
$19.1M
$666.6M
Q3 25
$21.7M
$630.3M
Q2 25
$14.8M
$636.7M
Q1 25
$17.0M
$269.1M
Q4 24
$22.0M
$284.8M
Q3 24
$10.9M
$157.3M
Q2 24
$11.7M
$162.4M
Q1 24
$14.1M
$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
MRKR
MRKR
RGTI
RGTI
Operating Cash FlowLast quarter
$-1.9M
$-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
MRKR
MRKR
RGTI
RGTI
Q4 25
$-1.9M
$-14.9M
Q3 25
$-2.7M
$-13.8M
Q2 25
$-1.9M
$-16.2M
Q1 25
$-5.5M
$-13.7M
Q4 24
$-4.7M
$-8.5M
Q3 24
$1.2M
$-15.4M
Q2 24
$-3.6M
$-13.5M
Q1 24
$-3.8M
$-13.1M
Free Cash Flow
MRKR
MRKR
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
MRKR
MRKR
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
MRKR
MRKR
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
MRKR
MRKR
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

MRKR
MRKR

Segment breakdown not available.

RGTI
RGTI

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

Related Comparisons