Rigetti ComputingRGTI +5.88%65 Gross Margin % is 31.32% as of Mar. 2026, which is 53% below its 10-year median of 66.95. GuruFocus rates RGTI with a GF Score™ of 65/100 and a GF Value™ of $1.01 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,454 Hardware companies, Rigetti Computing ranks better than 59.94% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Rigetti Computing had a gross margin of 31.32% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Rigetti Computing Gross Margin % Related Terms
Rigetti Computing Gross Margin % Historical Data
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The historical data trend for Rigetti Computing's Gross 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.
RGTI vs QBTS, QUBT, BRAI: Gross Margin % Comparison
For the Computer Hardware subindustry, Rigetti Computing's Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Rigetti Computing's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Rigetti Computing's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Rigetti Computing (RGTI) has a Gross Margin % of 31.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Rigetti Computing and its competitors. This is 53% below median its historical median of 66.95. Over the past decade, Rigetti Computing's Gross Margin % has ranged from 29.12 to 78.07. According to the industry distribution chart, Rigetti Computing ranks #983 out of 2454 companies in the Hardware industry, placing it in the top 40.1%.
Is Rigetti Computing's Gross Margin % too high?
Rigetti Computing's current Gross Margin % of 31.32% is 53% below median its 10-year median of 66.95. Over the past 10 years, this metric has ranged from a low of 29.12 to a high of 78.07. The Hardware industry median Gross Margin % is 24.57. Rigetti Computing's value of 31.32% is 27.5% above this industry median. Based on the distribution chart, Rigetti Computing ranks #983 out of 2454 companies in the Hardware industry, which is above the industry midpoint. Overall, Rigetti Computing has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rigetti Computing's Gross Margin % compare to QBTS and QUBT?
According to the Hardware industry distribution chart, Rigetti Computing ranks #983 out of 2454 companies for Gross Margin %. This puts Rigetti Computing in the upper half of its industry. The industry median Gross Margin % is 24.57. Rigetti Computing's value of 31.32% is 27.5% above this benchmark. Historically, Rigetti Computing's own Gross Margin % has ranged from 29.12 to 78.07 over the past decade. While the company's 10-year median is 66.95 vs. the industry median of 24.57, Rigetti Computing has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.57, based on 2,454 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rigetti Computing's current Gross Margin % of 31.32% is 27.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Rigetti Computing and its competitors. For the Hardware industry, the median Gross Margin % is 24.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rigetti Computing's current Gross Margin % is 31.32%, which is 53% below median its own 10-year median of 66.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rigetti Computing stock overvalued right now?
Based on GuruFocus' analysis, Rigetti Computing (RGTI) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.01, compared to a current price of $19.44 — trading 1824.8% above its estimated fair value. The current Gross Margin % is 31.32%, which is 53% below median its 10-year median of 66.95 and 27.5% above the Hardware industry median of 24.57. Rigetti Computing's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Rigetti Computing (RGTI), the current Gross Margin % is 31.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Rigetti Computing (RGTI) Overvalued in 2026?
Based on GuruFocus' analysis, Rigetti Computing stock appears to be overvalued.
The current stock price of $19.44 is trading 1824.8% above its estimated GF Value™ of $1.01.
GuruFocus considers Rigetti Computing to be Significantly Overvalued.
Key valuation signals for RGTI:
Gross Margin %: 31.32% (53% below median its 10-year median of 66.95)
GF Value™: $1.01 vs. price of $19.44 (1824.8% above fair value)
Industry Position: 27.5% above the Hardware median (#983 of 2454)
No single metric tells the full story. See the RGTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
65GF Score
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