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Side-by-side financial comparison of Rigetti Computing, Inc. (RGTI) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.
Solid Power, Inc. is the larger business by last-quarter revenue ($3.6M vs $1.9M, roughly 1.9× Rigetti Computing, Inc.). On growth, Rigetti Computing, Inc. posted the faster year-over-year revenue change (-17.9% vs -18.6%). Rigetti Computing, Inc. produced more free cash flow last quarter ($-19.5M vs $-23.0M). Over the past eight quarters, Rigetti Computing, Inc.'s revenue compounded faster (-21.8% CAGR vs -21.9%).
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.
Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.
RGTI vs SLDP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $3.6M |
| Net Profit | $-18.2M | — |
| Gross Margin | 34.9% | — |
| Operating Margin | -1209.7% | -730.1% |
| Net Margin | -974.7% | — |
| Revenue YoY | -17.9% | -18.6% |
| Net Profit YoY | 88.1% | — |
| EPS (diluted) | $-0.08 | $-0.15 |
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 | $1.9M | $3.6M | ||
| Q3 25 | $1.9M | $3.7M | ||
| Q2 25 | $1.8M | $6.5M | ||
| Q1 25 | $1.5M | $6.0M | ||
| Q4 24 | $2.3M | $4.5M | ||
| Q3 24 | $2.4M | $4.7M | ||
| Q2 24 | $3.1M | $5.1M | ||
| Q1 24 | $3.1M | $6.0M |
| Q4 25 | $-18.2M | — | ||
| Q3 25 | $-201.0M | $-25.9M | ||
| Q2 25 | $-39.7M | $-25.3M | ||
| Q1 25 | $42.6M | $-15.2M | ||
| Q4 24 | $-153.0M | — | ||
| Q3 24 | $-14.8M | $-22.4M | ||
| Q2 24 | $-12.4M | $-22.3M | ||
| Q1 24 | $-20.8M | $-21.2M |
| 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 | -1209.7% | -730.1% | ||
| Q3 25 | -1055.4% | -654.4% | ||
| Q2 25 | -1103.9% | -398.9% | ||
| Q1 25 | -1469.6% | -399.4% | ||
| Q4 24 | -813.3% | -561.1% | ||
| Q3 24 | -729.4% | -593.2% | ||
| Q2 24 | -521.2% | -530.8% | ||
| Q1 24 | -543.4% | -433.1% |
| Q4 25 | -974.7% | — | ||
| Q3 25 | -10321.9% | -693.1% | ||
| Q2 25 | -2201.8% | -390.7% | ||
| Q1 25 | 2895.3% | -251.8% | ||
| Q4 24 | -6726.5% | — | ||
| Q3 24 | -623.8% | -482.0% | ||
| Q2 24 | -402.5% | -438.9% | ||
| Q1 24 | -680.6% | -356.2% |
| Q4 25 | $-0.08 | $-0.15 | ||
| Q3 25 | $-0.62 | $-0.14 | ||
| Q2 25 | $-0.13 | $-0.14 | ||
| Q1 25 | $0.13 | $-0.08 | ||
| Q4 24 | $-0.80 | $-0.16 | ||
| Q3 24 | $-0.08 | $-0.13 | ||
| Q2 24 | $-0.07 | $-0.13 | ||
| Q1 24 | $-0.14 | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $44.9M | $250.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $546.2M | $415.7M |
| Total Assets | $666.6M | $455.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $44.9M | $250.8M | ||
| Q3 25 | $26.1M | $251.2M | ||
| Q2 25 | $57.2M | $230.9M | ||
| Q1 25 | $37.2M | $240.9M | ||
| Q4 24 | $67.7M | $118.2M | ||
| Q3 24 | $20.3M | $132.0M | ||
| Q2 24 | $20.7M | $140.5M | ||
| Q1 24 | $35.1M | $146.6M |
| Q4 25 | $546.2M | $415.7M | ||
| Q3 25 | $371.8M | $381.2M | ||
| Q2 25 | $553.3M | $370.6M | ||
| Q1 25 | $207.1M | $397.1M | ||
| Q4 24 | $126.6M | $410.3M | ||
| Q3 24 | $122.8M | $439.4M | ||
| Q2 24 | $122.2M | $456.8M | ||
| Q1 24 | $115.6M | $479.4M |
| Q4 25 | $666.6M | $455.1M | ||
| Q3 25 | $630.3M | $416.1M | ||
| Q2 25 | $636.7M | $398.0M | ||
| Q1 25 | $269.1M | $419.4M | ||
| Q4 24 | $284.8M | $448.3M | ||
| Q3 24 | $157.3M | $470.9M | ||
| Q2 24 | $162.4M | $492.6M | ||
| Q1 24 | $162.1M | $516.2M |
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 | $-14.9M | $-18.4M |
| Free Cash FlowOCF − Capex | $-19.5M | $-23.0M |
| FCF MarginFCF / Revenue | -1042.5% | -633.0% |
| Capex IntensityCapex / Revenue | 244.8% | 126.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-77.2M | $-83.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.9M | $-18.4M | ||
| Q3 25 | $-13.8M | $-14.3M | ||
| Q2 25 | $-16.2M | $-14.4M | ||
| Q1 25 | $-13.7M | $-26.3M | ||
| Q4 24 | $-8.5M | $-13.9M | ||
| Q3 24 | $-15.4M | $-9.9M | ||
| Q2 24 | $-13.5M | $-11.1M | ||
| Q1 24 | $-13.1M | $-29.1M |
| Q4 25 | $-19.5M | $-23.0M | ||
| Q3 25 | $-19.7M | $-14.8M | ||
| Q2 25 | $-21.8M | $-17.1M | ||
| Q1 25 | $-16.2M | $-28.6M | ||
| Q4 24 | $-9.8M | $-18.6M | ||
| Q3 24 | $-17.7M | $-12.6M | ||
| Q2 24 | $-15.6M | $-15.5M | ||
| Q1 24 | $-18.6M | $-33.1M |
| Q4 25 | -1042.5% | -633.0% | ||
| Q3 25 | -1012.4% | -397.6% | ||
| Q2 25 | -1212.4% | -264.2% | ||
| Q1 25 | -1100.4% | -476.1% | ||
| Q4 24 | -432.1% | -416.5% | ||
| Q3 24 | -744.5% | -271.5% | ||
| Q2 24 | -504.3% | -305.8% | ||
| Q1 24 | -610.5% | -556.3% |
| Q4 25 | 244.8% | 126.5% | ||
| Q3 25 | 302.5% | 15.3% | ||
| Q2 25 | 314.7% | 41.5% | ||
| Q1 25 | 173.0% | 39.1% | ||
| Q4 24 | 56.4% | 105.5% | ||
| Q3 24 | 95.8% | 59.7% | ||
| Q2 24 | 66.3% | 86.8% | ||
| Q1 24 | 180.0% | 68.1% |
| 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
RGTI
| Collaborative Research And Other Professional Services | $1.7M | 93% |
| Other | $131.0K | 7% |
SLDP
Segment breakdown not available.
