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Side-by-side financial comparison of PureCycle Technologies, Inc. (PCT) and Rigetti Computing, Inc. (RGTI). Click either name above to swap in a different company.
PureCycle Technologies, Inc. is the larger business by last-quarter revenue ($2.7M vs $1.9M, roughly 1.4× Rigetti Computing, Inc.). PureCycle Technologies, Inc. runs the higher net margin — -697.1% vs -974.7%, a 277.6% gap on every dollar of revenue. Rigetti Computing, Inc. produced more free cash flow last quarter ($-19.5M vs $-42.0M).
PureCycle Technologies, Inc. is a sustainable materials firm with proprietary advanced polypropylene recycling technology. It converts contaminated polypropylene waste into high-purity virgin-equivalent resin for use in consumer goods, automotive parts, packaging and industrial products, serving global partners.
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.
PCT vs RGTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.7M | $1.9M |
| Net Profit | $-18.8M | $-18.2M |
| Gross Margin | — | 34.9% |
| Operating Margin | -2196.1% | -1209.7% |
| Net Margin | -697.1% | -974.7% |
| Revenue YoY | — | -17.9% |
| Net Profit YoY | 71.0% | 88.1% |
| EPS (diluted) | $-0.14 | $-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 | $2.7M | $1.9M | ||
| Q3 25 | $2.4M | $1.9M | ||
| Q2 25 | $1.6M | $1.8M | ||
| Q1 25 | $1.6M | $1.5M | ||
| Q4 24 | $0 | $2.3M | ||
| Q3 24 | $0 | $2.4M | ||
| Q2 24 | $0 | $3.1M | ||
| Q1 24 | $0 | $3.1M |
| Q4 25 | $-18.8M | $-18.2M | ||
| Q3 25 | $-28.4M | $-201.0M | ||
| Q2 25 | $-144.2M | $-39.7M | ||
| Q1 25 | $8.8M | $42.6M | ||
| Q4 24 | $-64.7M | $-153.0M | ||
| Q3 24 | $-90.6M | $-14.8M | ||
| Q2 24 | $-48.2M | $-12.4M | ||
| Q1 24 | $-85.6M | $-20.8M |
| 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% |
| Q4 25 | -2196.1% | -1209.7% | ||
| Q3 25 | -1602.2% | -1055.4% | ||
| Q2 25 | -2763.5% | -1103.9% | ||
| Q1 25 | -2387.4% | -1469.6% | ||
| Q4 24 | — | -813.3% | ||
| Q3 24 | — | -729.4% | ||
| Q2 24 | — | -521.2% | ||
| Q1 24 | — | -543.4% |
| Q4 25 | -697.1% | -974.7% | ||
| Q3 25 | -1167.5% | -10321.9% | ||
| Q2 25 | -8741.8% | -2201.8% | ||
| Q1 25 | 559.0% | 2895.3% | ||
| Q4 24 | — | -6726.5% | ||
| Q3 24 | — | -623.8% | ||
| Q2 24 | — | -402.5% | ||
| Q1 24 | — | -680.6% |
| Q4 25 | $-0.14 | $-0.08 | ||
| Q3 25 | $-0.31 | $-0.62 | ||
| Q2 25 | $-0.81 | $-0.13 | ||
| Q1 25 | $0.05 | $0.13 | ||
| Q4 24 | $-0.40 | $-0.80 | ||
| Q3 24 | $-0.54 | $-0.08 | ||
| Q2 24 | $-0.29 | $-0.07 | ||
| Q1 24 | $-0.52 | $-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 | $156.7M | $44.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.9M | $546.2M |
| Total Assets | $922.7M | $666.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | $44.9M | ||
| Q3 25 | $234.4M | $26.1M | ||
| Q2 25 | $284.1M | $57.2M | ||
| Q1 25 | $22.5M | $37.2M | ||
| Q4 24 | $15.7M | $67.7M | ||
| Q3 24 | $83.7M | $20.3M | ||
| Q2 24 | $10.9M | $20.7M | ||
| Q1 24 | $25.0M | $35.1M |
| Q4 25 | $45.9M | $546.2M | ||
| Q3 25 | $68.2M | $371.8M | ||
| Q2 25 | $98.9M | $553.3M | ||
| Q1 25 | $238.2M | $207.1M | ||
| Q4 24 | $180.4M | $126.6M | ||
| Q3 24 | $241.4M | $122.8M | ||
| Q2 24 | $291.6M | $122.2M | ||
| Q1 24 | $336.8M | $115.6M |
| Q4 25 | $922.7M | $666.6M | ||
| Q3 25 | $989.1M | $630.3M | ||
| Q2 25 | $1.0B | $636.7M | ||
| Q1 25 | $787.3M | $269.1M | ||
| Q4 24 | $798.4M | $284.8M | ||
| Q3 24 | $788.8M | $157.3M | ||
| Q2 24 | $719.8M | $162.4M | ||
| Q1 24 | $734.0M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-28.7M | $-14.9M |
| Free Cash FlowOCF − Capex | $-42.0M | $-19.5M |
| FCF MarginFCF / Revenue | -1559.6% | -1042.5% |
| Capex IntensityCapex / Revenue | 495.1% | 244.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-183.6M | $-77.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.7M | $-14.9M | ||
| Q3 25 | $-38.5M | $-13.8M | ||
| Q2 25 | $-36.7M | $-16.2M | ||
| Q1 25 | $-38.9M | $-13.7M | ||
| Q4 24 | $-31.8M | $-8.5M | ||
| Q3 24 | $-33.4M | $-15.4M | ||
| Q2 24 | $-40.4M | $-13.5M | ||
| Q1 24 | $-39.2M | $-13.1M |
| Q4 25 | $-42.0M | $-19.5M | ||
| Q3 25 | $-42.4M | $-19.7M | ||
| Q2 25 | $-45.3M | $-21.8M | ||
| Q1 25 | $-53.9M | $-16.2M | ||
| Q4 24 | $-53.4M | $-9.8M | ||
| Q3 24 | $-42.6M | $-17.7M | ||
| Q2 24 | $-50.8M | $-15.6M | ||
| Q1 24 | $-53.5M | $-18.6M |
| Q4 25 | -1559.6% | -1042.5% | ||
| Q3 25 | -1743.1% | -1012.4% | ||
| Q2 25 | -2747.1% | -1212.4% | ||
| Q1 25 | -3409.6% | -1100.4% | ||
| Q4 24 | — | -432.1% | ||
| Q3 24 | — | -744.5% | ||
| Q2 24 | — | -504.3% | ||
| Q1 24 | — | -610.5% |
| Q4 25 | 495.1% | 244.8% | ||
| Q3 25 | 160.3% | 302.5% | ||
| Q2 25 | 521.5% | 314.7% | ||
| Q1 25 | 949.6% | 173.0% | ||
| Q4 24 | — | 56.4% | ||
| Q3 24 | — | 95.8% | ||
| Q2 24 | — | 66.3% | ||
| Q1 24 | — | 180.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.40× | -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
PCT
Segment breakdown not available.
RGTI
| Collaborative Research And Other Professional Services | $1.7M | 93% |
| Other | $131.0K | 7% |
