Rigetti Reveals Plan for 1,000+ Qubit System by 2027 and Strengthens Global Collaborations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Should l Buy RGTI?
Source: SeekingAlpha
Management Insights: Rigetti Computing's CEO highlighted strong demand for quantum computers and outlined a roadmap for delivering systems with increasing qubit counts and fidelity, aiming for a 1,000-plus qubit system by 2027.
Financial Performance: The company reported Q3 2025 revenues of $1.9 million, down from $2.4 million in Q3 2024, with gross margins significantly lower at 21%, attributed to contract pricing variability and the expiration of government funding.
Future Outlook: Rigetti expects revenue growth from recent contracts and system sales, while maintaining focus on achieving higher fidelity and error correction to reach quantum advantage between 2027 and 2029.
Risks and Challenges: Management acknowledged potential impacts from the pending reauthorization of the National Quantum Initiative and the need for significant capital expenditures for future upgrades, while also addressing feedback from DARPA on technical challenges.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 15.600
Low
30.00
Averages
39.75
High
51.00
Current: 15.600
Low
30.00
Averages
39.75
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Investment Opportunities and Risks in Quantum Computing
- Market Potential: According to Grand View Research, the quantum computing market was valued at $1.4 billion in 2024, but is projected to grow at nearly 21% CAGR to over $4.2 billion by 2030, indicating significant long-term investment potential.
- Rigetti Stock Volatility: Rigetti Computing's stock has soared nearly 2,700% over the past three years, yet it has dropped 28% this year, closing at $15.88 on Monday, prompting investors to carefully assess whether it represents a buying opportunity below the $20 mark.
- Challenging Financials: The company reported revenue of $7.1 million last year against operating expenses of $86.7 million, resulting in a cash burn of $58.5 million in 2025 from daily operations, indicating ongoing struggles to secure funding for future growth.
- Valuation Risks: With a market cap of $5.3 billion, Rigetti's valuation exceeds analysts' projections for the entire quantum computing market by 2030, raising concerns about its high valuation amidst significant risks and uncertainties in a competitive industry, suggesting investors should proceed with caution.
See More
Market Volatility and Prospects of Quantum Computing Stocks
- Quantum Computing Potential: Quantum computers, built on qubits, can process information simultaneously, promising to surpass traditional computing capabilities, although they are still in the early stages of commercialization.
- Rigetti Computing Outlook: Rigetti expects to release its 108-qubit system by the end of Q1; despite a 32% drop in stock price this year, analysts remain optimistic about a potential 117% upside.
- IonQ Technological Breakthrough: IonQ set a world record with a two-qubit gate fidelity of 99.99% last October and plans to demonstrate its 256-qubit system this year; despite a 28% stock decline, analysts see a 91% upside potential.
- Investment Risk Advisory: While quantum computing firms like Rigetti and IonQ show significant market potential, both face substantial losses, prompting investors to be cautious and limit their positions to small sizes.
See More
Quantum Computing Stocks Experience Increased Volatility
- Rigetti's Future Outlook: Rigetti Computing expects to release its 108-qubit system by the end of Q1, and despite a 32% drop in stock price this year, Wall Street analysts remain optimistic, with an average price target suggesting about 117% upside and a peak target reaching 162%.
- Market Share Expectations: Mizuho Securities analyst Vijay Rakesh believes Rigetti could capture 10% of the quantum computing market within the next 30 months, even though the company currently generates minimal revenue and incurs significant losses, its product roadmap is still on track.
- IonQ's Technological Breakthrough: IonQ set a world record for two-qubit gate fidelity at over 99.99% last October and plans to demonstrate its 256-qubit system this year; despite a 28% drop in stock price, analysts remain bullish, with an average price target implying about 91% upside and a peak target of 197%.
- Financial Condition Analysis: IonQ is projected to achieve $130 million in revenue by 2025, representing over 200% year-over-year growth; while still operating at a loss, it boasts nearly $2.4 billion in cash and short-term equivalents, indicating strong financial backing.
See More
Comparative Analysis of IonQ and Rigetti Quantum Computing Investments
- Market Potential: McKinsey & Company estimates that the quantum computing market could reach an annual value of $72 billion by 2035, highlighting significant investment opportunities in this emerging sector that attract investor interest.
- Technological Approaches: IonQ employs a trapped-ion technique that offers superior computing accuracy, while Rigetti uses superconducting technology that, despite being faster, currently lacks the same level of accuracy, making IonQ a more appealing investment at this stage.
- Financial Performance Comparison: In Q4, IonQ reported $61.9 million in revenue, albeit with a substantial operating loss of $229 million, yet its market leadership continues to attract investor support; in contrast, Rigetti's $1.9 million revenue and $22.6 million operating loss indicate financial strain.
- Investment Safety Analysis: IonQ's leadership position in quantum computing renders it a safer investment choice, while Rigetti faces competitive pressure from larger tech companies, and if it fails to close the accuracy gap, its investment appeal may diminish further.
See More
Comparative Investment Analysis: IonQ vs. Rigetti in Quantum Computing
- Market Potential: McKinsey & Company estimates that the quantum computing market could reach an annual value of $72 billion by 2035, presenting significant profit opportunities for investors while also posing risks of total loss for poor stock choices.
- Technological Approaches: IonQ employs a trapped-ion method that yields superior computing accuracy, whereas Rigetti utilizes superconducting technology for faster processing speeds, with accuracy currently being a major barrier to widespread quantum computing adoption.
- Financial Performance Comparison: In Q4, Rigetti reported revenue of $1.9 million with an operating loss of $22.6 million, while IonQ achieved $61.9 million in revenue despite a massive operating loss of $229 million, highlighting IonQ's market leadership and ability to attract investor funding.
- Investor Confidence Disparity: Despite IonQ's substantial losses, its leadership position in quantum computing continues to draw significant investor support, whereas Rigetti may face greater challenges in sustaining operations during the early stages of development.
See More
Rigetti's Quantum Computing Outlook Dims
- Slow Commercialization: Since its founding in 2013, Rigetti has built a complete supply chain for quantum computing, yet its best hardware remains far from mass commercialization, resulting in a 62% decline in stock price from last year's peak.
- Severe Financial Condition: In 2025, Rigetti generated only $7.1 million in revenue, a 34% drop year-over-year, while its operating expenses reached $86.7 million, leading to an operating loss of $84.6 million, highlighting significant challenges to its business model sustainability.
- Valuation Risks: With a price-to-sales ratio of 779, Rigetti's valuation is unsustainable compared to Palantir's 89 and Nvidia's 20, indicating that without a stock price drop, its P/S ratio could rise further due to declining revenue, increasing downside risks.
- Limited Technological Progress: Although Rigetti achieved a gate fidelity of 99.9% in testing, it will take approximately three years to replicate this in commercial settings, and even at this level, it cannot solve most real-world problems, indicating that practical applications of quantum computing remain distant.
See More
Investment Opportunities and Risks in Quantum Computing
- Market Potential: According to Grand View Research, the quantum computing market was valued at $1.4 billion in 2024, but is projected to grow at nearly 21% CAGR to over $4.2 billion by 2030, indicating significant long-term investment potential.
- Rigetti Stock Volatility: Rigetti Computing's stock has soared nearly 2,700% over the past three years, yet it has dropped 28% this year, closing at $15.88 on Monday, prompting investors to carefully assess whether it represents a buying opportunity below the $20 mark.
- Challenging Financials: The company reported revenue of $7.1 million last year against operating expenses of $86.7 million, resulting in a cash burn of $58.5 million in 2025 from daily operations, indicating ongoing struggles to secure funding for future growth.
- Valuation Risks: With a market cap of $5.3 billion, Rigetti's valuation exceeds analysts' projections for the entire quantum computing market by 2030, raising concerns about its high valuation amidst significant risks and uncertainties in a competitive industry, suggesting investors should proceed with caution.
See More
Market Volatility and Prospects of Quantum Computing Stocks
- Quantum Computing Potential: Quantum computers, built on qubits, can process information simultaneously, promising to surpass traditional computing capabilities, although they are still in the early stages of commercialization.
- Rigetti Computing Outlook: Rigetti expects to release its 108-qubit system by the end of Q1; despite a 32% drop in stock price this year, analysts remain optimistic about a potential 117% upside.
- IonQ Technological Breakthrough: IonQ set a world record with a two-qubit gate fidelity of 99.99% last October and plans to demonstrate its 256-qubit system this year; despite a 28% stock decline, analysts see a 91% upside potential.
- Investment Risk Advisory: While quantum computing firms like Rigetti and IonQ show significant market potential, both face substantial losses, prompting investors to be cautious and limit their positions to small sizes.
See More
Quantum Computing Stocks Experience Increased Volatility
- Rigetti's Future Outlook: Rigetti Computing expects to release its 108-qubit system by the end of Q1, and despite a 32% drop in stock price this year, Wall Street analysts remain optimistic, with an average price target suggesting about 117% upside and a peak target reaching 162%.
- Market Share Expectations: Mizuho Securities analyst Vijay Rakesh believes Rigetti could capture 10% of the quantum computing market within the next 30 months, even though the company currently generates minimal revenue and incurs significant losses, its product roadmap is still on track.
- IonQ's Technological Breakthrough: IonQ set a world record for two-qubit gate fidelity at over 99.99% last October and plans to demonstrate its 256-qubit system this year; despite a 28% drop in stock price, analysts remain bullish, with an average price target implying about 91% upside and a peak target of 197%.
- Financial Condition Analysis: IonQ is projected to achieve $130 million in revenue by 2025, representing over 200% year-over-year growth; while still operating at a loss, it boasts nearly $2.4 billion in cash and short-term equivalents, indicating strong financial backing.
See More
Comparative Analysis of IonQ and Rigetti Quantum Computing Investments
- Market Potential: McKinsey & Company estimates that the quantum computing market could reach an annual value of $72 billion by 2035, highlighting significant investment opportunities in this emerging sector that attract investor interest.
- Technological Approaches: IonQ employs a trapped-ion technique that offers superior computing accuracy, while Rigetti uses superconducting technology that, despite being faster, currently lacks the same level of accuracy, making IonQ a more appealing investment at this stage.
- Financial Performance Comparison: In Q4, IonQ reported $61.9 million in revenue, albeit with a substantial operating loss of $229 million, yet its market leadership continues to attract investor support; in contrast, Rigetti's $1.9 million revenue and $22.6 million operating loss indicate financial strain.
- Investment Safety Analysis: IonQ's leadership position in quantum computing renders it a safer investment choice, while Rigetti faces competitive pressure from larger tech companies, and if it fails to close the accuracy gap, its investment appeal may diminish further.
See More
Comparative Investment Analysis: IonQ vs. Rigetti in Quantum Computing
- Market Potential: McKinsey & Company estimates that the quantum computing market could reach an annual value of $72 billion by 2035, presenting significant profit opportunities for investors while also posing risks of total loss for poor stock choices.
- Technological Approaches: IonQ employs a trapped-ion method that yields superior computing accuracy, whereas Rigetti utilizes superconducting technology for faster processing speeds, with accuracy currently being a major barrier to widespread quantum computing adoption.
- Financial Performance Comparison: In Q4, Rigetti reported revenue of $1.9 million with an operating loss of $22.6 million, while IonQ achieved $61.9 million in revenue despite a massive operating loss of $229 million, highlighting IonQ's market leadership and ability to attract investor funding.
- Investor Confidence Disparity: Despite IonQ's substantial losses, its leadership position in quantum computing continues to draw significant investor support, whereas Rigetti may face greater challenges in sustaining operations during the early stages of development.
See More
Rigetti's Quantum Computing Outlook Dims
- Slow Commercialization: Since its founding in 2013, Rigetti has built a complete supply chain for quantum computing, yet its best hardware remains far from mass commercialization, resulting in a 62% decline in stock price from last year's peak.
- Severe Financial Condition: In 2025, Rigetti generated only $7.1 million in revenue, a 34% drop year-over-year, while its operating expenses reached $86.7 million, leading to an operating loss of $84.6 million, highlighting significant challenges to its business model sustainability.
- Valuation Risks: With a price-to-sales ratio of 779, Rigetti's valuation is unsustainable compared to Palantir's 89 and Nvidia's 20, indicating that without a stock price drop, its P/S ratio could rise further due to declining revenue, increasing downside risks.
- Limited Technological Progress: Although Rigetti achieved a gate fidelity of 99.9% in testing, it will take approximately three years to replicate this in commercial settings, and even at this level, it cannot solve most real-world problems, indicating that practical applications of quantum computing remain distant.
See More
