Filing Flows › Rigetti Computing (RGTI) › Takeover & LBO
Is Rigetti Computing (RGTI) a takeover target?
A leveraged buyout does not work for Rigetti Computing on its latest figures: it has no positive EBITDA to borrow against (−$87.2M over the last 12 months, on revenue of $13.4M).
Why a leveraged buyout does not fit
A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. Rigetti Computing's EBITDA over the last 12 months was −$87.2M on revenue of $13.4M, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.
What a takeover could cost
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Rigetti Computing would cost about $18.24 a share, $6.1B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 12% | $15.71 | $5.2B |
| Median | 30% | $18.24 | $6.1B |
| High end (a quarter paid more) | 31% | $18.38 | $6.1B |
Rigetti Computing's latest quarter
Rigetti Computing, Q2 2026: revenue $5.1M (+185% year over year), operating margin -546.2%, net loss $52.6M, operating cash flow −$15.8M. The chart follows the revenue to costs, profit and cash.
Questions
Is Rigetti Computing being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy Rigetti Computing?
A leveraged buyout does not work for Rigetti Computing on its latest figures: it has no positive EBITDA to borrow against (−$87.2M over the last 12 months, on revenue of $13.4M). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.
What would a takeover of Rigetti Computing cost?
Takeovers in its sector paid a median premium of 30% over the share price before the deal (the middle half 12% to 31%), according to the 14 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, Rigetti Computing would cost about $18.24 a share, $6.1B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.