IonQ and Rigetti Computing are two popular pure-play quantum computing stocks.
RGTI Rigetti Computing, Inc. Common Stock
XNAS
12.10
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
RGTI
$12.10
—
Key stats
$12.10
Pre-market
$11.52
-4.40%
- 52-Week Range
- $11.11 – $44.52
- YTD
- -48.73%
- IV Rank (30D)
- 25.14
- Straddle Price
- $2.00
- P/C Vol Ratio
- 0.73
- Market Cap
- $3.9B
- Open
- $11.88
- Day Range
- $11.74 – $12.17
- Volume
- 10,192,596
- Prev Close
- $11.66
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.72 |
| Cost of Equity (CAPM) | 14.60% (VRP-adj) |
| WACC | 14.59% |
| Volatility Risk Premium | +67.3pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.1B |
| Return on Equity (TTM) | -44.4% |
| Book / Price | 15.3% |
| Gross Margin (TTM) | 30.0% |
| FCF Margin (TTM) | -874.4% |
| Debt / Equity | 0.00 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $15.40 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $14.10 |
| Bollinger Width / SMA20 | 345.6% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $4B |
Peers used for multiples: BTQ, GOOGL, IBM, INFQ, IONQ, QBTS, QNT, QUBT
60-Day Conviction
83%
20-Day Fair Value
≈ by Nov 20, 2026
$11.90
α -1.3%
rank 40%
conviction
71%
40-Day Fair Value
≈ by Dec 21, 2026
$11.72
α -2.7%
rank 40%
conviction
78%
60-Day Fair Value
≈ by Jan 19, 2027
$11.69
α -3.0%
rank 40%
conviction
83%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | $7.31 | 13% | median 4.0× · 6 peers |
| Peer P/S | $2.37 | 13% | median 68.1× · 6 peers |
| Market Anchor (SMA50) | $15.40 | 43% | stability 66% (BB-width) |
| Options Expected (B-L 30d) | $11.90 | 32% | 43 strikes · skew +0.24 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- SERVICES-COMPUTER PROGRAMMING SERVICES (7371) · industry map
- Exchange
- XNAS
- Market Cap
- $3.9B
- Employees
- 164
- List Date
- 2022-03-02
- CIK
- 0001838359
- Next Earnings
- 2026-11-09 (After-Close)
- EPS Forecast
- ($0.07) (3 est.)
- Headquarters
- Berkeley, CA
- Homepage
- https://www.rigetti.com
Rigetti Computing Inc builds quantum computers and the superconducting quantum processors that power them. The Company sells 9-qubit to 108-qubit quantum computing systems under the Novera and Cepheus trade names. Through the Rigetti Quantum Cloud Services (QCS) platform, the Company's machines can be integrated into any public, private or hybrid cloud. The Company also operates in Fremont, California; London, United Kingdom; Adelaide, Australia; British Columbia, Canada and Mumbai, India. The Company's revenue is derived from operations in the United States and the United Kingdom.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 7.28% | 34.14% | -34.15% | -23.01% | -3.93% |
| Feb | -- | -6.29% | 42.42% | -37.19% | -1.64% | -0.67% |
| Mar | -33.19% | -4.82% | -17.74% | 2.86% | -20.63% | -14.70% |
| Apr | 11.74% | -29.99% | -12.33% | 13.57% | 29.26% | 2.45% |
| May | 27.56% | 123.52% | -19.85% | 32.49% | 45.94% | 41.93% |
| Jun | -59.93% | 23.14% | 3.88% | -3.26% | -24.62% | -12.16% |
| Jul | 18.45% | 85.82% | 3.13% | 27.98% | -20.73% | 22.93% |
| Aug | -3.16% | -44.62% | -3.33% | 14.94% | -2.25% | -7.68% |
| Sep | -46.44% | -27.72% | -5.79% | 91.95% | 5.00% | 3.40% |
| Oct | 8.81% | -17.83% | 75.30% | 48.31% | -22.86%* | 18.35% |
| Nov | -30.85% | 0.95% | 147.97% | -34.64% | -- | 20.86% |
| Dec | -37.14% | -17.92% | 405.30% | -5.54% | -- | 86.17% |
| Total | -88.91% | -6.62% | 2266.51% | 60.11% | -46.36% | 436.95% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $14.10
SMA 50: $15.40
SMA 200: $17.64
Current: $12.05
EMA 12: $12.85
EMA 26: $13.94
MACD: -1.0916 | Signal: -0.2409
BEARISH
ADX (14): 25.18
TREND
+DI: 12.25
−DI: 33.78
Momentum Oscillators
RSI (14): 33.10
NEUTRAL
Stoch %K: 13.39
Stoch %D: 13.84
Williams %R: -81.18
Volume & Volatility
BB Upper: $17.54
BB Lower: $10.67
NEUTRAL
OBV: 4,096,146,769
Vol SMA 20: 15,044,735
Vol ROC: -25.82%
ATR: $0.85
True Range: $0.51
HV 20: 59.8%
HV 30: 58.4%
HV 60: 73.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Recent positive news headlines, such as D-Wave Quantum's profit growth and IonQ's technology advancements, have boosted sentiment.
- Bullish momentum signals from technical indicators, including MACD and RSI.
Primary risks:
- High volatility, which may lead to increased market fluctuations.
- Negative earnings surprises or regulatory issues could impact the stock price.
Investment thesis: RGTI presents an attractive opportunity for risk-taking investors seeking a high-growth stock. The company's recent positive news headlines and technical momentum signals suggest potential for further upside. However, investors should be aware of the high volatility and potential risks associated with this stock.
Recent news sentiment impact: Bullish
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bearish due to recent price drops.
- Medium-term (1-3 months): Neutral, as the stock has been trading within a range.
- Long-term (3-12 months): Bullish, given the company's growth potential and technical momentum signals.
Support/Resistance Levels:
- Upper: $17.21
- Middle: $15.69
- Lower: $14.17
Momentum Signals: RSI interpretation: Neutral (51.24) MACD signal: Bearish (signal line below MACD histogram) Bollinger Bands position: Neutral (price touching middle band)
Volume Analysis: Volume trends and institutional interest signals:
News & Sentiment Analysis
Recent Headlines Summary:
- Positive news headlines from D-Wave Quantum and IonQ.
- Negative news headlines related to earnings misses and regulatory issues.
Sentiment Assessment: Bullish
Catalyst Identification:
- Earnings announcements: Monitor upcoming quarterly earnings for potential price moves.
- Regulatory changes: Keep an eye on any developments in the quantum computing industry that may impact RGTI's business.
Market Narrative:
Risk & Volatility Assessment
Risk Interpretation: Beta: 3.92 (High risk relative to market)
Volatility Regime: Current vs historical volatility levels:
Options Market Signals: IV rank: 44.1% (Medium) Put/call ratios: 0.29 (Bullish sentiment) Unusual activity: Monitor for potential catalysts.
Downside Protection: Support levels and risk management considerations:
Market Context & Positioning
Sector Performance:
- Relative strength vs sector/market:
Institutional Activity:
- Volume patterns suggesting institutional interest signals:
Correlation Analysis:
- How stock moves relative to market (R-squared interpretation):
Relative Valuation:
Key Levels & Action Items
Critical Price Levels: Support/resistance levels from moving averages and technical patterns:
Breakout/Breakdown Levels:
Time-Sensitive Catalysts:
Risk Management:
Stop-loss levels and position sizing considerations:
Generated
News
All RGTI news →
The people who know Wall Street’s pure-play quantum computing companies best are sending all the wrong signals.
BigBear.ai is showing early signs of a turnaround with new contract wins and improving margins. Rigetti has advancing quantum hardware but limited commercial revenue and a long road to scale.
Rigetti Computing is making inroads in the quantum computing landscape with big tech.
D-Wave is growing revenue at nearly 180% while Rigetti trades at a lower valuation, but both burn cash heavily and face unproven commercial roadmaps.
Both pure plays just received additional government funding and have a few customers.
Both companies are losing money and asking investors to be patient, but one is at least growing its revenue while the other has seen sales decline.
One company has sticky government contracts, improving margins, and a growing backlog. The other has working quantum hardware and a CHIPS Act funding letter, but revenue that remains tiny relative to its ambitions.
Cerebras is posting $510M in revenue with 76% growth and profitability, while Rigetti burns cash despite backing from Amazon and Microsoft.
Rigetti has the cash, technology, and government backing to pursue quantum computing. But its huge ambitions still far outpace its current revenue and commercial progress.
Earnings History
16 of 16 under expected move
Avg Expected Move
45.73%
Avg Actual Move
9.79%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2022-03-10 | After-Close | 11.50% | 6.09% | 0.53x | Within |
| 2022-05-16 | After-Close | 14.08% | 2.95% | 0.21x | Within |
| 2022-08-11 | After-Close | 24.19% | 11.52% | 0.48x | Within |
| 2023-05-11 | After-Close | 406.00% | 7.76% | 0.02x | Within |
| 2023-08-10 | After-Close | 60.98% | 39.02% | 0.64x | Within |
| 2023-11-09 | After-Close | 23.81% | 7.62% | 0.32x | Within |
| 2024-02-05 | After-Close | 19.49% | 5.08% | 0.26x | Within |
| 2024-05-09 | After-Close | 28.12% | 9.38% | 0.33x | Within |
| 2024-08-08 | Pre-Market | 38.57% | 6.78% | 0.18x | Within |
| 2024-11-12 | After-Close | 25.17% | 14.09% | 0.56x | Within |
| 2025-05-12 | After-Close | 16.23% | 14.59% | 0.90x | Within |
| 2025-08-12 | After-Close | 13.98% | 6.42% | 0.46x | Within |
| 2025-11-10 | After-Close | 12.89% | 5.08% | 0.39x | Within |
| 2026-03-04 | Pre-Market | 12.21% | 4.72% | 0.39x | Within |
| 2026-05-11 | After-Close | 14.46% | 7.02% | 0.49x | Within |
| 2026-08-06 | After-Close | 10.07% | 8.53% | 0.85x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
RGTI Options Activity & IV Rank
RGTI IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 74.1%
7-DTE IV: 69.3%
Expected Move: $2.00
7-DTE Move: $1.04
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 2,383
Put Volume: 1,744
P/C Volume: 0.732
NEUTRAL
Call OI: 56,829
Put OI: 28,851
P/C OI: 0.508
Total OI: 85,680
ATM Options Pricing
ATM Call: $1.00
ATM Put: $1.00
Call %: 8.3%
Put %: 8.3%
Chain Summary
Chain Volume: 27,862
Chain OI: 623,348
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 43rd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
43%
vs own history
GEX tilt
+0.01
OI-weighted, today
Vanna tilt
+0.05
δ-sensitivity to IV
Charm tilt
-0.28
δ-decay vs time
? What is this?
· 94 ATM contracts, 95k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
56%
+6.2
pts
EXTREME
as of Oct 21 · ATM 71.5% / Wing 77.7%
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 72.7% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)23.4LowOct 21
IV Rank (30 DTE)25.1MediumOct 21
Straddle Price (30 DTE)$2.00Oct 21
Beta Analysis
Risk Metrics
Beta: 3.9463
Alpha: -134.31%
Correlation: 0.5209
R-Squared: 27.1%
Stock Volatility: 96.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own RGTI
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $24.2M | #1018 of 3716 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $9.6M | #1626 of 6285 | -53.5% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $726K | #1887 of 4729 | -38.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
RGTI Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 317,119,500 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
36 filers$405.77M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $131.90M | 32.51% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $91.58M | 22.57% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $59.32M | 14.62% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $37.33M | 9.20% | 2025-09-30 |
| 5 | D. E. Shaw & Co., Inc. Custodian | $19.32M | 4.76% | 2026-06-30 |
| 6 | Point72 Asset Management, L.P. | $11.17M | 2.75% | 2026-06-30 |
| 7 | Walleye Trading LLC | $10.75M | 2.65% | 2026-06-30 |
| 8 | CANTOR FITZGERALD, L. P. | $7.25M | 1.79% | 2026-06-30 |
| 9 | Walleye Capital LLC | $5.15M | 1.27% | 2026-06-30 |
| 10 | Parallax Volatility Advisers, L.P. | $4.96M | 1.22% | 2026-06-30 |
| 11 | CAPITAL FUND MANAGEMENT S.A. | $4.23M | 1.04% | 2026-06-30 |
| 12 | Cubist Systematic Strategies, LLC | $4.23M | 1.04% | 2025-09-30 |
| 13 | Millennium Management LLC Custodian | $3.34M | 0.82% | 2026-06-30 |
| 14 | PEAK6 LLC | $3.23M | 0.80% | 2026-06-30 |
| 15 | BNP Paribas Financial Markets Custodian | $1.93M | 0.48% | 2026-06-30 |
| 16 | TUDOR INVESTMENT CORP ET AL | $1.89M | 0.47% | 2026-06-30 |
| 17 | Balyasny Asset Management L.P. | $1.75M | 0.43% | 2026-06-30 |
| 18 | DRW Securities, LLC | $1.25M | 0.31% | 2026-06-30 |
| 19 | Voss Capital, LP | $966.00K | 0.24% | 2026-06-30 |
| 20 | Cavalier Investments, LLC | $966.00K | 0.24% | 2026-06-30 |
| 21 | Vontobel Holding Ltd. | $832.65K | 0.21% | 2026-09-30 |
| 22 | LPL Financial LLC Custodian | $533.23K | 0.13% | 2026-06-30 |
| 23 | NOMURA HOLDINGS INC | $504.25K | 0.12% | 2026-06-30 |
| 24 | Squarepoint Ops LLC | $446.29K | 0.11% | 2026-06-30 |
| 25 | UBS Group AG Custodian | $289.80K | 0.07% | 2026-06-30 |
28 filers$399.20M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $137.48M | 34.44% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $72.03M | 18.04% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $67.28M | 16.85% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $28.46M | 7.13% | 2025-09-30 |
| 5 | CANTOR FITZGERALD, L. P. | $17.39M | 4.36% | 2026-06-30 |
| 6 | Walleye Trading LLC | $13.65M | 3.42% | 2026-06-30 |
| 7 | Parallax Volatility Advisers, L.P. | $12.75M | 3.19% | 2026-06-30 |
| 8 | Bank of Montreal Custodian | $11.69M | 2.93% | 2026-06-30 |
| 9 | Barclays PLC Custodian | $10.90M | 2.73% | 2026-06-30 |
| 10 | QVT Financial LP | $4.83M | 1.21% | 2026-06-30 |
| 11 | Crawford Fund Management, LLC | $4.13M | 1.04% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $3.80M | 0.95% | 2026-06-30 |
| 13 | TUDOR INVESTMENT CORP ET AL | $3.51M | 0.88% | 2026-06-30 |
| 14 | CAPITAL FUND MANAGEMENT S.A. | $2.62M | 0.66% | 2026-06-30 |
| 15 | Point72 Asset Management, L.P. | $1.93M | 0.48% | 2026-06-30 |
| 16 | CREDIT INDUSTRIEL ET COMMERCIAL | $1.84M | 0.46% | 2026-06-30 |
| 17 | Balyasny Asset Management L.P. | $1.14M | 0.29% | 2026-06-30 |
| 18 | D. E. Shaw & Co., Inc. Custodian | $724.50K | 0.18% | 2026-06-30 |
| 19 | Walleye Capital LLC | $718.70K | 0.18% | 2026-06-30 |
| 20 | CSS LLC/IL | $705.18K | 0.18% | 2026-06-30 |
| 21 | Raymond James Financial, Inc. Custodian | $364.50K | 0.09% | 2026-06-30 |
| 22 | PEAK6 LLC | $314.92K | 0.08% | 2026-06-30 |
| 23 | Two Sigma Investments, LP Custodian | $272.41K | 0.07% | 2026-06-30 |
| 24 | Millennium Management LLC Custodian | $255.02K | 0.06% | 2026-06-30 |
| 25 | LPL Financial LLC Custodian | $193.20K | 0.05% | 2026-06-30 |
RGTI Insider Trading (Form 4)
Latest: 2026-09-10Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-10 | Subodh K Kulkarni | President and CEO | Mixed | +30,000 | $7.51 | -$1.74M | EDGAR |
| 2026-09-04 | Jeffrey A. Bertelsen | CHIEF FINANCIAL OFFICER | Mixed | — | $7.80 | -$360.0K | EDGAR |
| 2026-08-20 | Andrew Joseph Bestwick | CHIEF TECHNOLOGY OFFICER | Mixed | +744,209 | $16.81 | -$97.3K | EDGAR |
| 2026-08-20 | Jeffrey A. Bertelsen | CHIEF FINANCIAL OFFICER | Sell (S) | −3,860 | $16.89 | -$65.2K | EDGAR |
| 2026-08-20 | David Rivas | CHIEF OPERATING OFFICER | Sell (S) | −9,038 | $16.79 | -$151.7K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
RGTI Insider Holdings
4 insiders · @ $12.05
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Andrew Joseph Bestwick | CHIEF TECHNOLOGY OFFICER | 1,036,121 | $12.49M | -$97.3K | 1 | 2026-08-20 |
| 2 | David Rivas | CHIEF OPERATING OFFICER | 316,907 | $3.82M | -$151.7K | 1 | 2026-08-20 |
| 3 | Jeffrey A. Bertelsen | CHIEF FINANCIAL OFFICER | 168,067 | $2.03M | -$440.2K | 2 | 2026-09-04 |
| 4 | Subodh K Kulkarni | President and CEO | 140,411 | $1.69M | -$1.88M | 1 | 2026-09-10 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
RGTI Board & Officers
As of SEC filings through Sep 10, 2026Directors 4
- Michael S. Clifton · since Mar 1, 2021
- Alissa Fitzgerald · since Mar 2, 2022
- Thomas J Iannotti · since Oct 30, 2023
- Subodh K Kulkarni · listed since Nov 2023
Officers 4
- Subodh K Kulkarni · President and CEO · since Dec 12, 2022
- Jeffrey A. Bertelsen · Chief Financial Officer · since Feb 15, 2023
- David Rivas · Chief Technology Officer · listed since Feb 2023
- Andrew Joseph Bestwick · Chief Technology Officer · since Aug 18, 2026
Changes in the last 10 years (52)
| Aug 18, 2026 | Andrew Joseph Bestwick became Chief Technology Officer |
| Mar 19, 2026 | The company announced the departure of Helene Gail Sandford from the board in an SEC filing |
| Mar 27, 2025 | The company announced the departure of Ray O Johnson from the board in an SEC filing |
| Feb 24, 2025 | The company announced the departure of Cathy L McCarthy from the board in an SEC filing |
| Nov 18, 2024 | Deer X & Co. Ltd. reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Deer X & Co. L.P. reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Bessemer Venture Partners X L.P. reported in an SEC filing no longer being a 10% owner |
| Nov 18, 2024 | Bessemer Venture Partners X Institutional L.P. reported in an SEC filing no longer being a 10% owner |
| Nov 6, 2024 | The company announced the departure of Richard Danis as General Counsel & Corp. Sec. in an SEC filing |
| Feb 22, 2024 | The company announced the departure of David J/ca Cowan from the board in an SEC filing |
| Nov 27, 2023 | Subodh K Kulkarni first listed as a director in an SEC filing |
| Oct 30, 2023 | Thomas J Iannotti became a director |
| Feb 17, 2023 | David Rivas listed as Chief Technology Officer (previously SVP, Sys. and Serv. (Software)) in SEC filings |
| Feb 15, 2023 | Jeffrey A. Bertelsen became Chief Financial Officer |
| Feb 8, 2023 | The company announced the departure of Brian J Sereda as Chief Financial Officer in an SEC filing |
| Dec 15, 2022 | Chad Rigetti left the board, per their own SEC filing |
| Dec 12, 2022 | Subodh K Kulkarni became President and CEO |
| Oct 31, 2022 | The company announced the departure of Chad Rigetti as President and CEO in an SEC filing |
| Jun 29, 2022 | The company announced the departure of Peter Pace from the board in an SEC filing |
| Mar 14, 2022 | Gregory John Peters became Chief Revenue Officer |
| Mar 4, 2022 | Michael S. Clifton no longer listed as Chief Financial Officer in SEC filings |
| Mar 2, 2022 | Taryn Jogi Naidu became Chief Operating Officer |
| Mar 2, 2022 | Richard Danis became General Counsel & Corp. Sec. |
| Mar 2, 2022 | Ray O Johnson became a director |
| Mar 2, 2022 | Peter Pace became a director |
| Mar 2, 2022 | Mike Harburn became SVP, Fabrication Ops. Hardware |
| Mar 2, 2022 | Helene Gail Sandford became a director |
| Mar 2, 2022 | Deer X & Co. Ltd. became a 10% owner |
| Mar 2, 2022 | Deer X & Co. L.P. became a 10% owner |
| Mar 2, 2022 | David Rivas became SVP, Sys. and Serv. (Software) |
| Mar 2, 2022 | David J/ca Cowan became a director |
| Mar 2, 2022 | Chad Rigetti became a director |
| Mar 2, 2022 | Chad Rigetti became President and CEO |
| Mar 2, 2022 | Cathy L McCarthy became a director |
| Mar 2, 2022 | Brian J Sereda became Chief Financial Officer |
| Mar 2, 2022 | Bessemer Venture Partners X L.P. became a 10% owner |
| Mar 2, 2022 | Bessemer Venture Partners X Institutional L.P. became a 10% owner |
| Mar 2, 2022 | Amanda Sue Birch became SVP, Technology Partnerships |
| Mar 2, 2022 | Alissa Fitzgerald became a director |
| Mar 1, 2021 | Supernova Partners LLC became a 10% owner |
| Mar 1, 2021 | Spencer M Rascoff became a director |
| Mar 1, 2021 | Robert Reid became a director |
| Mar 1, 2021 | Robert Reid became Chief Executive Officer |
| Mar 1, 2021 | Rajeev Singh became a director |
| Mar 1, 2021 | Michael S. Clifton became a director |
| Mar 1, 2021 | Michael S. Clifton became Chief Financial Officer |
| Mar 1, 2021 | Kenneth A Fox became a director |
| Mar 1, 2021 | Katherine Curnutte became a director |
| Mar 1, 2021 | James Lanzone became a director |
| Mar 1, 2021 | Gregg Renfrew became a director |
| Mar 1, 2021 | Damien Hooper-Campbell became a director |
| Mar 1, 2021 | Alexander Klabin became a director |
Not reported recently (14)
- Mike Harburn · Last reported as SVP, Fabrication Ops. Hardware in an SEC filing dated Dec 14, 2022
- Gregory John Peters · Last reported as Chief Revenue Officer in an SEC filing dated Aug 16, 2022
- Taryn Jogi Naidu · Last reported as Chief Operating Officer in an SEC filing dated Mar 11, 2022
- Amanda Sue Birch · Last reported as SVP, Technology Partnerships in an SEC filing dated Mar 11, 2022
- Supernova Partners LLC · Last reported as a 10% owner in an SEC filing dated Mar 5, 2021
- Robert Reid · Last reported as a director in an SEC filing dated Mar 1, 2021
- Rajeev Singh · Last reported as a director in an SEC filing dated Mar 1, 2021
- James Lanzone · Last reported as a director in an SEC filing dated Mar 1, 2021
- Gregg Renfrew · Last reported as a director in an SEC filing dated Mar 1, 2021
- Alexander Klabin · Last reported as a director in an SEC filing dated Mar 1, 2021
- Katherine Curnutte · Last reported as a director in an SEC filing dated Mar 1, 2021
- Damien Hooper-Campbell · Last reported as a director in an SEC filing dated Mar 1, 2021
- Kenneth A Fox · Last reported as a director in an SEC filing dated Mar 1, 2021
- Spencer M Rascoff · Last reported as a director in an SEC filing dated Mar 1, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
RGTI Proposed Insider Sales (Form 144)
Latest: 2026-09-09
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
5 filings
· $2.6M notice value
· 4 unique filers
· 40% under 10b5-1 plans
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Kulkarni Subodh K (1, $1.9M) · Bertelsen Jeffrey A. (2, $437K) · Rivas David (1, $154K) · Bestwick Andrew Joseph (1, $98K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-09 | Kulkarni Subodh K | Officer | 120,000 | $1.90M | 2026-09-09 | Piper Sandler | 10b5-1 | EDGAR |
| 2026-09-03 | Bertelsen Jeffrey A. | Officer | 25,000 | $371.8K | 2026-09-03 | Piper Sandler | 10b5-1 | EDGAR |
| 2026-08-20 | Bestwick Andrew Joseph | Officer | 5,791 | $98.4K | 2026-08-20 | Piper Sandler | — | EDGAR |
| 2026-08-20 | Rivas David | Officer | 9,038 | $153.6K | 2026-08-20 | Piper Sandler | — | EDGAR |
| 2026-08-20 | Bertelsen Jeffrey A. | Officer | 3,860 | $65.6K | 2026-08-20 | Piper Sandler | — | EDGAR |
| 2026-06-22 | Johnson Ray O | Director | 84,944 | $1.75M | 2026-06-22 | Piper Sandler & Co Inc | 10b5-1 | EDGAR |
| 2026-06-11 | Sandford Helene Gail | Director | 9,038 | $186.5K | 2026-06-11 | Piper Sandler and Co | 10b5-1 | EDGAR |
| 2026-06-08 | Johnson Ray O | Director | 122,188 | $2.60M | 2026-06-08 | Piper Sandler & Co Inc | 10b5-1 | EDGAR |
| 2026-06-02 | Clifton Michael S. | Director | 156,250 | $2.28M | 2026-06-02 | Piper Sandler & Co Inc | — | EDGAR |
| 2026-06-01 | Kulkarni Subodh K | Officer, Director | 61,000 | $1.49M | 2026-06-01 | Piper Sandler & Co Inc | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
60 ETFs hold RGTI
25 shown · $888.55M total exposure · 0.08% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.01% | $167.3M | — | 2026-09-30 |
| 2 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.07% | $118.2M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.13% | $99.1M | $75.1B | 2026-10-20 |
| 4 | VGT Vanguard Information Technology ETF | Vanguard | 0.05% | $83.8M | — | 2026-09-30 |
| 5 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.12% | $77.0M | — | 2026-09-30 |
| 6 | QTUM Defiance Quantum ETF | Nport | 1.06% | $66.1M | — | 2026-06-30 |
| 7 | VXF Vanguard Extended Market ETF | Vanguard | 0.06% | $59.2M | — | 2026-09-30 |
| 8 | XSD State Street® SPDR® S&P® Semiconductor ETF | SPDR (State Street) | 2.03% | $50.6M | $2.5B | 2026-10-20 |
| 9 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.18% | $40.5M | — | 2026-05-31 |
| 10 | IWO iShares Russell 2000 Growth ETF | iShares (BlackRock) | 0.25% | $33.9M | $13.6B | 2026-10-20 |
| 11 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.17% | $30.6M | — | 2026-09-30 |
| 12 | WQTM WisdomTree Quantum Computing Fund | Nport | 5.14% | $16.9M | — | 2026-06-30 |
| 13 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.04% | $8.2M | $21.3B | 2026-10-20 |
| 14 | VTWG Vanguard Russell 2000 Growth ETF | Vanguard | 0.32% | $5.4M | — | 2026-09-30 |
| 15 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.08% | $5.3M | $6.6B | 2026-10-20 |
| 16 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.01% | $5.1M | $97.4B | 2026-10-20 |
| 17 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.01% | $5.1M | — | 2026-05-31 |
| 18 | VT Vanguard Total World Stock ETF | Vanguard | 0.00% | $4.4M | — | 2026-09-30 |
| 19 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.01% | $2.1M | $13.7B | 2026-10-20 |
| 20 | IGM iShares Expanded Tech Sector ETF | iShares (BlackRock) | 0.02% | $2.0M | $11.0B | 2026-10-20 |
| 21 | RSSL Global X Russell 2000 ETF | Global X | 0.14% | $1.9M | — | 2026-10-21 |
| 22 | BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | JPMorgan | 0.08% | $1.7M | $2.1B | 2026-10-21 |
| 23 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.04% | $1.6M | $4.2B | 2026-10-20 |
| 24 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.06% | $1.5M | $2.7B | 2026-10-20 |
| 25 | CQTM Corgi Quantum Computing ETF | Corgi | 7.12% | $1.1M | $14.9M | 2026-10-21 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-0.86
TTM Revenue
$10.02M
TTM Net Income
$-225.72M
TTM Op. Cash Flow
$-61.11M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $4.40M | $33.11M | $-0.06 | $-16.22M |
| Q4 '25 | 2025-12-31 | $1.87M | $-18.21M | $-0.05 | $-14.90M |
| Q3 '25 | 2025-09-30 | $1.95M | $-200.97M | $-0.62 | $-13.82M |
| Q2 '25 | 2025-06-30 | $1.80M | $-39.65M | $-0.13 | $-16.17M |
| Q1 '25 | 2025-03-31 | $1.47M | $42.62M | $0.13 | $-13.65M |
| Q4 '24 | 2024-12-31 | $2.27M | $-152.96M | $-0.81 | $-8.54M |
| Q3 '24 | 2024-09-30 | $2.38M | $-14.83M | $-0.08 | $-15.43M |
| Q2 '24 | 2024-06-30 | $3.09M | $-12.42M | $-0.07 | $-13.52M |
| Q1 '24 | 2024-03-31 | $3.05M | $-20.77M | $-0.14 | $-13.14M |
| Q4 '23 | 2023-12-31 | $3.38M | $-12.57M | $-0.09 | $-10.06M |
| Q3 '23 | 2023-09-30 | $3.10M | $-22.21M | $-0.17 | $-6.27M |
| Q2 '23 | 2023-06-30 | $3.33M | $-16.97M | $-0.13 | $-18.70M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-11
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
6.55
P/S
381.52
EV/EBITDA
—
EV/Sales
376.71
ROE
-38.7%
ROA
-34.7%
Div Yield
0.00%
FCF Yield
-1.60%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$3.82B
as of 2026-10-21
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
65.67M
SI % of Float
20.00%
Days to Cover
3.91
Short Vol Ratio
65.7%
Free Float
328.33M
Float %
98.4%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24