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Rigetti Computing (Rigetti Computing) Operating Margin % : -509.69% (As of Dec. 2023)


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What is Rigetti Computing Operating Margin %?

Operating Margin % is calculated as Operating Income divided by its Revenue. Rigetti Computing's Operating Income for the three months ended in Dec. 2023 was $-17.21 Mil. Rigetti Computing's Revenue for the three months ended in Dec. 2023 was $3.38 Mil. Therefore, Rigetti Computing's Operating Margin % for the quarter that ended in Dec. 2023 was -509.69%.

The historical rank and industry rank for Rigetti Computing's Operating Margin % or its related term are showing as below:

RGTI' s Operating Margin % Range Over the Past 10 Years
Min: -6490.07   Med: -712.3   Max: -593.76
Current: -593.76


RGTI's Operating Margin % is ranked worse than
98.58% of 2463 companies
in the Hardware industry
Industry Median: 3.37 vs RGTI: -593.76

Rigetti Computing's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Rigetti Computing's Operating Income for the three months ended in Dec. 2023 was $-17.21 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-71.30 Mil.


Rigetti Computing Operating Margin % Historical Data

The historical data trend for Rigetti Computing's Operating Margin % 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 Operating Margin % Chart

Rigetti Computing Annual Data
Trend Jan20 Jan21 Dec22 Dec23
Operating Margin %
-6,490.07 -633.09 -791.51 -593.80

Rigetti Computing Quarterly Data
Jan20 Oct20 Jan21 Oct21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -352.29 -955.43 -488.01 -542.09 -509.69

Competitive Comparison of Rigetti Computing's Operating Margin %

For the Computer Hardware subindustry, Rigetti Computing's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rigetti Computing's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Rigetti Computing's Operating Margin % falls into.



Rigetti Computing Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Rigetti Computing's Operating Margin % for the fiscal year that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=-71.304 / 12.008
=-593.80 %

Rigetti Computing's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as

Operating Margin %=Operating Income (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=-17.207 / 3.376
=-509.69 %

* 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) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Rigetti Computing Operating Margin % 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