Rigetti Computing, Inc. — Earnings Quality Grade F
RGTI · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO surged by 49 days (82 → 131)
AR growth 5.1% vs revenue growth -34.3%
Revenue -34.3%, CFFO -15.6%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 68.3% is >2x revenue growth -34.3%
SG&A/Gross Profit = 1229.6%, exceeds 70%
Gross margin swung -23.7pp (52.8% → 29.1%)
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
FCF is negative ($-0.1B)
Accruals ratio = -23.7%. Low accruals
Cash $0.4B covers debt $0.0B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = -0.0x. Healthy
Other assets grew 524.9% vs revenue -34.3%
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
No goodwill
Manipulation Score
M-Score = -2.22 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25