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Markets · Investing · Business
Finance
Rigetti Computing Is Worth $6 Billion. It Booked $13 Million of Revenue Over the Past Year.
The quantum computing specialist's price implies a business more than 10 times its current size. Its own disclosures put no date on one arriving.
Rigetti Computing(NASDAQ: RGTI) is valued at about $5.9 billion as of this writing. The revenue behind that price: $13.4 million over the past 12 months, alongside a net loss of about $239 million.
The gap tells you what buyers of the quantum computing specialist's stock are actually purchasing. It isn't today's business. Even at 30 times sales, a multiple reserved for the fastest-growing software companies, Rigetti's price implies about $200 million of annual revenue -- about 15 times what it booked over the past year.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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