Can Rigetti Sustain Its Financial Stability While Expanding R&D Efforts?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
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Source: NASDAQ.COM
Rigetti Computing's Financial Position: Rigetti Computing closed Q3 2025 with approximately $559 million in cash, allowing it to fund its roadmap without relying on dilutive capital raises or debt, while also supporting R&D-heavy operations for future qubit systems.
IonQ's Strategic Acquisitions: IonQ is enhancing its quantum strategy by acquiring Oxford Ionics and Lightsynq, which adds advanced technologies to its portfolio and positions the company for deeper commercial adoption in the quantum ecosystem.
Arqit Quantum's Market Expansion: Arqit Quantum is solidifying its presence in quantum-safe security by joining the Oracle Defense Ecosystem and gaining validation from the UK’s NCSC, indicating growing market confidence and early commercial traction.
Stock Performance and Valuation: Rigetti's shares have increased by 56.6% year-to-date, despite a projected 88.9% decline in earnings for 2025, and it currently holds a Zacks Rank #3 (Hold) with a high price-to-book ratio compared to the industry average.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGTI is 39.75 USD with a low forecast of 30.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 19.850
Low
30.00
Averages
39.75
High
51.00
Current: 19.850
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.
Rigetti Computing's Quantum Revolution and Stock Volatility
- Investment Return Analysis: Rigetti Computing has achieved a total return of 137% over the past five years, translating to an average annual return of approximately 18.8%, meaning a $1,000 investment five years ago is now worth about $2,370, showcasing the potential of long-term investments.
- Severe Stock Volatility: Despite Rigetti's remarkable rebound of 5,000% from its low in early 2025, pushing its market cap above $5.5 billion, the stock has since dropped over 50% from its peak, reflecting market uncertainty about its future.
- Market Environment Impact: The high inflation of 2022 and the subsequent bear market led investors to abandon potential stocks, causing Rigetti's stock to plummet more than 96% during this period, highlighting the market's sensitivity to short-term performance.
- AI Boom Fuels Recovery: As inflation stabilized and the AI frenzy gained momentum, Rigetti's stock experienced a significant rebound, becoming one of the most closely watched stocks in the market, underscoring investment opportunities in the quantum computing sector.
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Analysis of Rigetti Computing Stock Volatility
- Investor Enthusiasm: Despite quantum computing being in its early commercialization phase, Rigetti Computing's stock has seen significant growth over the past few years, with a market capitalization exceeding $7 billion, reflecting strong investor interest in this cutting-edge technology.
- Return Analysis: An investment of $5,000 in Rigetti stock in January 2025 would now be worth $8,851, showcasing a 77% return, although this is significantly lower than the more than 2,640% return for earlier investors, indicating a decline in explosive growth potential.
- Risk Assessment: With Rigetti's annual revenue at only $7.5 million against a market cap of over $7 billion, there is a substantial disconnect between current valuations and actual earnings, suggesting that the stock is too risky for most investors.
- Investment Recommendation: While Rigetti may appeal to high-risk investors as a speculative stake, most investors should consider alternatives like Alphabet, which offers exposure to quantum computing with significantly lower risk.
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