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Side-by-side financial comparison of PLUS THERAPEUTICS, INC. (PSTV) 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 $1.4M, roughly 1.4× PLUS THERAPEUTICS, INC.). PLUS THERAPEUTICS, INC. runs the higher net margin — -417.9% vs -974.7%, a 556.8% gap on every dollar of revenue. On growth, PLUS THERAPEUTICS, INC. posted the faster year-over-year revenue change (-3.2% vs -17.9%). PLUS THERAPEUTICS, INC. produced more free cash flow last quarter ($-6.3M vs $-19.5M). Over the past eight quarters, PLUS THERAPEUTICS, INC.'s revenue compounded faster (-9.7% CAGR vs -21.8%).

Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company headquartered in Houston, Texas, that develops targeted radiotherapeutics and diagnostic services for brain and central nervous system (CNS) cancers. The company’s lead therapeutic candidate, marketed as REYOBIQ™, is an investigational liposomal radiopharmaceutical under clinical evaluation for recurrent glioblastoma, leptomeningeal metastases, and certain pediatric brain cancers. Plus Therapeutics also commercialized a molecu...

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.

PSTV vs RGTI — Head-to-Head

Bigger by revenue
RGTI
RGTI
1.4× larger
RGTI
$1.9M
$1.4M
PSTV
Growing faster (revenue YoY)
PSTV
PSTV
+14.7% gap
PSTV
-3.2%
-17.9%
RGTI
Higher net margin
PSTV
PSTV
556.8% more per $
PSTV
-417.9%
-974.7%
RGTI
More free cash flow
PSTV
PSTV
$13.2M more FCF
PSTV
$-6.3M
$-19.5M
RGTI
Faster 2-yr revenue CAGR
PSTV
PSTV
Annualised
PSTV
-9.7%
-21.8%
RGTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PSTV
PSTV
RGTI
RGTI
Revenue
$1.4M
$1.9M
Net Profit
$-5.7M
$-18.2M
Gross Margin
34.9%
Operating Margin
-420.0%
-1209.7%
Net Margin
-417.9%
-974.7%
Revenue YoY
-3.2%
-17.9%
Net Profit YoY
-46.4%
88.1%
EPS (diluted)
$0.95
$-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
PSTV
PSTV
RGTI
RGTI
Q4 25
$1.4M
$1.9M
Q3 25
$1.4M
$1.9M
Q2 25
$1.4M
$1.8M
Q1 25
$1.1M
$1.5M
Q4 24
$1.4M
$2.3M
Q3 24
$1.5M
$2.4M
Q2 24
$1.3M
$3.1M
Q1 24
$1.7M
$3.1M
Net Profit
PSTV
PSTV
RGTI
RGTI
Q4 25
$-5.7M
$-18.2M
Q3 25
$-4.4M
$-201.0M
Q2 25
$5.2M
$-39.7M
Q1 25
$-17.4M
$42.6M
Q4 24
$-3.9M
$-153.0M
Q3 24
$-2.9M
$-14.8M
Q2 24
$-2.9M
$-12.4M
Q1 24
$-3.3M
$-20.8M
Gross Margin
PSTV
PSTV
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
PSTV
PSTV
RGTI
RGTI
Q4 25
-420.0%
-1209.7%
Q3 25
-320.8%
-1055.4%
Q2 25
-110.6%
-1103.9%
Q1 25
-333.9%
-1469.6%
Q4 24
-276.2%
-813.3%
Q3 24
-260.9%
-729.4%
Q2 24
-289.1%
-521.2%
Q1 24
-196.7%
-543.4%
Net Margin
PSTV
PSTV
RGTI
RGTI
Q4 25
-417.9%
-974.7%
Q3 25
-316.6%
-10321.9%
Q2 25
370.6%
-2201.8%
Q1 25
-1643.2%
2895.3%
Q4 24
-276.4%
-6726.5%
Q3 24
-197.4%
-623.8%
Q2 24
-229.9%
-402.5%
Q1 24
-194.5%
-680.6%
EPS (diluted)
PSTV
PSTV
RGTI
RGTI
Q4 25
$0.95
$-0.08
Q3 25
$-0.04
$-0.62
Q2 25
$-0.01
$-0.13
Q1 25
$-1.19
$0.13
Q4 24
$-0.51
$-0.80
Q3 24
$-0.37
$-0.08
Q2 24
$-0.71
$-0.07
Q1 24
$-0.75
$-0.14

Balance Sheet & Financial Strength

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

Metric
PSTV
PSTV
RGTI
RGTI
Cash + ST InvestmentsLiquidity on hand
$8.6M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.0M
$546.2M
Total Assets
$16.3M
$666.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PSTV
PSTV
RGTI
RGTI
Q4 25
$8.6M
$44.9M
Q3 25
$16.6M
$26.1M
Q2 25
$6.9M
$57.2M
Q1 25
$9.9M
$37.2M
Q4 24
$3.6M
$67.7M
Q3 24
$4.8M
$20.3M
Q2 24
$8.4M
$20.7M
Q1 24
$3.2M
$35.1M
Stockholders' Equity
PSTV
PSTV
RGTI
RGTI
Q4 25
$4.0M
$546.2M
Q3 25
$5.1M
$371.8M
Q2 25
$3.0M
$553.3M
Q1 25
$-23.6M
$207.1M
Q4 24
$-8.9M
$126.6M
Q3 24
$-5.2M
$122.8M
Q2 24
$-7.6M
$122.2M
Q1 24
$-4.8M
$115.6M
Total Assets
PSTV
PSTV
RGTI
RGTI
Q4 25
$16.3M
$666.6M
Q3 25
$18.7M
$630.3M
Q2 25
$10.3M
$636.7M
Q1 25
$12.1M
$269.1M
Q4 24
$6.6M
$284.8M
Q3 24
$7.0M
$157.3M
Q2 24
$11.2M
$162.4M
Q1 24
$5.6M
$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
PSTV
PSTV
RGTI
RGTI
Operating Cash FlowLast quarter
$-6.3M
$-14.9M
Free Cash FlowOCF − Capex
$-6.3M
$-19.5M
FCF MarginFCF / Revenue
-459.9%
-1042.5%
Capex IntensityCapex / Revenue
2.2%
244.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-20.8M
$-77.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PSTV
PSTV
RGTI
RGTI
Q4 25
$-6.3M
$-14.9M
Q3 25
$-2.5M
$-13.8M
Q2 25
$-5.8M
$-16.2M
Q1 25
$-6.2M
$-13.7M
Q4 24
$-1.2M
$-8.5M
Q3 24
$-3.7M
$-15.4M
Q2 24
$-1.1M
$-13.5M
Q1 24
$-4.5M
$-13.1M
Free Cash Flow
PSTV
PSTV
RGTI
RGTI
Q4 25
$-6.3M
$-19.5M
Q3 25
$-2.6M
$-19.7M
Q2 25
$-5.8M
$-21.8M
Q1 25
$-6.2M
$-16.2M
Q4 24
$-1.2M
$-9.8M
Q3 24
$-3.7M
$-17.7M
Q2 24
$-1.2M
$-15.6M
Q1 24
$-4.6M
$-18.6M
FCF Margin
PSTV
PSTV
RGTI
RGTI
Q4 25
-459.9%
-1042.5%
Q3 25
-184.3%
-1012.4%
Q2 25
-417.6%
-1212.4%
Q1 25
-583.1%
-1100.4%
Q4 24
-86.5%
-432.1%
Q3 24
-253.7%
-744.5%
Q2 24
-96.2%
-504.3%
Q1 24
-271.5%
-610.5%
Capex Intensity
PSTV
PSTV
RGTI
RGTI
Q4 25
2.2%
244.8%
Q3 25
1.9%
302.5%
Q2 25
0.5%
314.7%
Q1 25
0.3%
173.0%
Q4 24
0.8%
56.4%
Q3 24
1.0%
95.8%
Q2 24
6.3%
66.3%
Q1 24
2.4%
180.0%
Cash Conversion
PSTV
PSTV
RGTI
RGTI
Q4 25
Q3 25
Q2 25
-1.13×
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

PSTV
PSTV

Segment breakdown not available.

RGTI
RGTI

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

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