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Rigetti Computing (Rigetti Computing) EBIT : $-67.10 Mil (TTM As of Mar. 2024)


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What is Rigetti Computing EBIT?

Rigetti Computing's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-19.67 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-67.10 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rigetti Computing's annualized ROC % for the quarter that ended in Mar. 2024 was -97.92%. Rigetti Computing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -151.32%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rigetti Computing's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -61.79%.


Rigetti Computing EBIT Historical Data

The historical data trend for Rigetti Computing's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rigetti Computing EBIT Chart

Rigetti Computing Annual Data
Trend Jan20 Jan21 Dec22 Dec23
EBIT
-47.70 -35.09 -66.24 -69.33

Rigetti Computing Quarterly Data
Jan20 Oct20 Jan21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -21.89 -15.39 -20.74 -11.30 -19.67

Competitive Comparison of Rigetti Computing's EBIT

For the Computer Hardware subindustry, Rigetti Computing's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rigetti Computing's EV-to-EBIT Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rigetti Computing's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Rigetti Computing's EV-to-EBIT falls into.



Rigetti Computing EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-67.10 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Rigetti Computing  (NAS:RGTI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Rigetti Computing's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-66.34 * ( 1 - 0% )/( (68.268 + 67.233)/ 2 )
=-66.34/67.7505
=-97.92 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Rigetti Computing's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-78.664/( ( (52.117 + max(-6.94, 0)) + (51.853 + max(-2.558, 0)) )/ 2 )
=-78.664/( ( 52.117 + 51.853 )/ 2 )
=-78.664/51.985
=-151.32 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5.029 + 0 + 2.709) - (13.03 + 0.343 + 1.305)
=-6.94

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.706 + 0 + 2.579) - (9.714 + 0.129 + 0)
=-2.558

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Rigetti Computing's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=-67.104/108.604
=-61.79 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Rigetti Computing EBIT Related Terms

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Rigetti Computing (Rigetti Computing) Business Description

Traded in Other Exchanges
N/A
Address
775 Heinz Avenue, Berkeley, CA, USA, 94710
Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.
Executives
Richard Danis officer: General Counsel and Corp. Sec. 5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033
David Rivas officer: SVP, Sys. and Serv. (Software) C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701
Thomas J Iannotti director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Alissa Fitzgerald director C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Cathy L Mccarthy director 1400 TOASTMASTER DRIVE, ELGIN IL 60120
Jeffrey A. Bertelsen officer: Chief Financial Officer 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Mike Harburn officer: SVP, Fabrication Ops. Hardware C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Chad Rigetti director, officer: President and CEO C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Brian J Sereda officer: Chief Financial Officer 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Subodh K Kulkarni officer: President and CEO 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416
Supernova Partners Ii, Llc other: Former 10% Owner 4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007
Gregory John Peters officer: Chief Revenue Officer C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Helene Gail Sandford director C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710
Amanda Sue Birch officer: SVP, Technology Partnerships C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710
Bessemer Venture Partners X L.p. 10 percent owner 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538