Rigetti Computing Secures $8.4 Million Order for Quantum Computer Delivery in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Should l Buy RGTI?
Source: Benzinga
- Order Secured: Rigetti Computing's India unit has secured an $8.4 million purchase order from C-DAC, an agency under India's Ministry of Electronics and Information Technology, for a 108-qubit quantum computer scheduled for delivery in the second half of 2026, marking a significant expansion in the quantum computing sector.
- Technology Architecture: The quantum computer utilizes Rigetti's unique chiplet-based architecture, enabling integration into a supercomputing data center environment to support hybrid classical-quantum workflows, thereby enhancing C-DAC's technological capabilities for research users.
- Partnership Strengthened: This order builds on the existing relationship between Rigetti and C-DAC, following a memorandum of understanding signed in September 2025 focused on co-developing hybrid classical-quantum systems, further solidifying Rigetti's strategic position in the Indian market.
- Market Reaction: Despite broader market fluctuations due to President Trump's new tariff policies, Rigetti Computing's shares rose by 2.22% to $26.09, reflecting investor confidence in the company's quantum computing business prospects.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RGTI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 16.910
Low
30.00
Averages
39.75
High
51.00
Current: 16.910
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 Faces Financial Challenges Amid Revenue Decline
- Revenue Decline: Rigetti Computing reported a revenue of $7.1 million in 2025, reflecting a 34% decrease primarily due to the delayed launch of the 108-qubit Cepheus-1 system and a pause in government contract reauthorization, leading to significant financial strain.
- Substantial Losses: The company faced a $216 million loss in 2025, exceeding the $201 million loss in 2024, indicating severe challenges in achieving profitability as operating costs continue to outpace revenue.
- Future Outlook: Despite the revenue decline in 2025, analysts forecast a dramatic 219% revenue growth in 2026 and a 103% increase in 2027, which could foster investor optimism, although near-term profitability remains unlikely.
- Liquidity Position: Rigetti reported a negative free cash flow of $77 million in 2025, but with approximately $444 million in liquidity, it can sustain operations for a while, although its high price-to-sales ratio of over 730 and price-to-book ratio of 10 raise significant investment risks.
See More
Analysis of Rigetti Computing's Stock Volatility
- Stock Price Volatility: Rigetti Computing's stock surged by 275% in recent months but returned to its original price by February, indicating market uncertainty about its future, prompting investors to carefully assess buying opportunities.
- Unique Quantum Computing Approach: By tiling 36-qubit chiplets into a 108-qubit system, Rigetti achieves 99.5% to 99.9% reliability; however, its financial health is concerning, with 2025 revenue at $7.1 million, down 34% year-over-year.
- Financial Challenges and Outlook: Despite facing a $216 million loss in 2025 and negative free cash flow of $77 million, analysts forecast a 219% revenue growth this year, which could spark investor optimism.
- Investment Risk Advisory: While Rigetti's P/E ratio is uncalculable and its P/S ratio exceeds 730, its financial condition requires significant improvement, advising investors to approach with caution, suggesting speculative buys or complete avoidance of the stock.
See More
Analysis of Rigetti Computing's Stock Price Volatility
- Stock Price Volatility: Rigetti Computing's stock surged by 275% in recent months but has since given back all gains by February, raising concerns among investors about its future, which may lead to a decline in short-term confidence.
- Unique Quantum Computing Approach: The company utilizes a 36-qubit chiplet system to create a 108-qubit system, achieving 99.5% to 99.9% reliability; however, its financials suffered due to the delayed launch of the 108-qubit Cepheus-1 system, resulting in a 34% revenue drop to $7.1 million in 2025.
- Financial Challenges and Outlook: Despite a $216 million loss in 2025 due to operating costs exceeding revenue, analysts forecast a 219% revenue growth in 2026, which could spark investor optimism, although near-term profitability remains unlikely.
- Cautious Investor Sentiment: Given Rigetti's financial condition, investors should approach buying this stock with caution, especially considering the lack of earnings and a high price-to-sales ratio, making the current buy case increasingly speculative.
See More
Rigetti's Stock Plummets 70% Facing Challenges
- Significant Stock Decline: Rigetti's stock has plummeted 70% from its all-time high, dropping from $56.34 last October to about $17 now, indicating market concerns over its valuation and potentially diminishing investor confidence.
- Revenue Growth Expectations: Analysts project Rigetti's revenue to rise from $7.1 million to $110.8 million between 2025 and 2028, but this optimistic outlook hinges on increased sales of its Novera and Cepheus systems, and failure to meet these targets could impact future financing capabilities.
- Intensifying Competition: Rigetti faces fierce competition from emerging quantum computing firms like IonQ and QCi, which utilize newer technologies that do not require cooling, potentially threatening Rigetti's market share and exacerbating its profitability challenges.
- Insider Trading Activity: Over the past 12 months, Rigetti insiders sold 16 times more shares than they bought, reflecting concerns about the company's future prospects and likely leading to further erosion of market confidence in its stock.
See More
Analysis of Rigetti Computing's Stock Decline
- Stock Fluctuation: Since going public via SPAC four years ago, Rigetti Computing's stock has dropped from an initial $9.75 to about $17, down from a record high of $56.34 last October, indicating market concerns about its future prospects.
- Revenue Dependency: Although Rigetti's business model appears promising, it still generates most of its revenue from government and research contracts rather than sales of its quantum processing units (QPUs), which limits its profitability and market expansion potential.
- Increased Competitive Pressure: Rigetti faces intense competition from newer quantum computing companies that utilize technologies not requiring cooling, potentially undermining Rigetti's market position, especially as its older electron-based systems encounter technological limitations.
- Uncertain Future Outlook: While analysts project Rigetti's revenue to rise from $7.1 million to $110.8 million between 2025 and 2028, its market cap exceeds 50 times its projected 2028 sales, and it is expected to remain unprofitable, which diminishes investor confidence in its future.
See More
Quantum Computing Stocks Face Bubble Risks
- Massive Market Opportunity: The quantum computing market is projected to reach $850 billion by 2040, capturing the attention of Wall Street and investors; however, stocks of IonQ, Rigetti, and D-Wave surged by 72%, 37%, and 56% respectively over just seven trading days, reflecting immense market enthusiasm.
- Valuation Bubble: As of April 20, IonQ, Rigetti, and D-Wave exhibited price-to-sales ratios of 106, 870, and 283, significantly exceeding the 30 to 45 range seen during the dot-com bubble, indicating that these stocks are in bubble territory and warrant caution from investors.
- Lack of Profitability: All three companies are currently operating at a loss and rely on dilutive share issuances to sustain operations, contrasting sharply with members of the
See More
Rigetti Computing Faces Financial Challenges Amid Revenue Decline
- Revenue Decline: Rigetti Computing reported a revenue of $7.1 million in 2025, reflecting a 34% decrease primarily due to the delayed launch of the 108-qubit Cepheus-1 system and a pause in government contract reauthorization, leading to significant financial strain.
- Substantial Losses: The company faced a $216 million loss in 2025, exceeding the $201 million loss in 2024, indicating severe challenges in achieving profitability as operating costs continue to outpace revenue.
- Future Outlook: Despite the revenue decline in 2025, analysts forecast a dramatic 219% revenue growth in 2026 and a 103% increase in 2027, which could foster investor optimism, although near-term profitability remains unlikely.
- Liquidity Position: Rigetti reported a negative free cash flow of $77 million in 2025, but with approximately $444 million in liquidity, it can sustain operations for a while, although its high price-to-sales ratio of over 730 and price-to-book ratio of 10 raise significant investment risks.
See More
Analysis of Rigetti Computing's Stock Volatility
- Stock Price Volatility: Rigetti Computing's stock surged by 275% in recent months but returned to its original price by February, indicating market uncertainty about its future, prompting investors to carefully assess buying opportunities.
- Unique Quantum Computing Approach: By tiling 36-qubit chiplets into a 108-qubit system, Rigetti achieves 99.5% to 99.9% reliability; however, its financial health is concerning, with 2025 revenue at $7.1 million, down 34% year-over-year.
- Financial Challenges and Outlook: Despite facing a $216 million loss in 2025 and negative free cash flow of $77 million, analysts forecast a 219% revenue growth this year, which could spark investor optimism.
- Investment Risk Advisory: While Rigetti's P/E ratio is uncalculable and its P/S ratio exceeds 730, its financial condition requires significant improvement, advising investors to approach with caution, suggesting speculative buys or complete avoidance of the stock.
See More
Analysis of Rigetti Computing's Stock Price Volatility
- Stock Price Volatility: Rigetti Computing's stock surged by 275% in recent months but has since given back all gains by February, raising concerns among investors about its future, which may lead to a decline in short-term confidence.
- Unique Quantum Computing Approach: The company utilizes a 36-qubit chiplet system to create a 108-qubit system, achieving 99.5% to 99.9% reliability; however, its financials suffered due to the delayed launch of the 108-qubit Cepheus-1 system, resulting in a 34% revenue drop to $7.1 million in 2025.
- Financial Challenges and Outlook: Despite a $216 million loss in 2025 due to operating costs exceeding revenue, analysts forecast a 219% revenue growth in 2026, which could spark investor optimism, although near-term profitability remains unlikely.
- Cautious Investor Sentiment: Given Rigetti's financial condition, investors should approach buying this stock with caution, especially considering the lack of earnings and a high price-to-sales ratio, making the current buy case increasingly speculative.
See More
Rigetti's Stock Plummets 70% Facing Challenges
- Significant Stock Decline: Rigetti's stock has plummeted 70% from its all-time high, dropping from $56.34 last October to about $17 now, indicating market concerns over its valuation and potentially diminishing investor confidence.
- Revenue Growth Expectations: Analysts project Rigetti's revenue to rise from $7.1 million to $110.8 million between 2025 and 2028, but this optimistic outlook hinges on increased sales of its Novera and Cepheus systems, and failure to meet these targets could impact future financing capabilities.
- Intensifying Competition: Rigetti faces fierce competition from emerging quantum computing firms like IonQ and QCi, which utilize newer technologies that do not require cooling, potentially threatening Rigetti's market share and exacerbating its profitability challenges.
- Insider Trading Activity: Over the past 12 months, Rigetti insiders sold 16 times more shares than they bought, reflecting concerns about the company's future prospects and likely leading to further erosion of market confidence in its stock.
See More
Analysis of Rigetti Computing's Stock Decline
- Stock Fluctuation: Since going public via SPAC four years ago, Rigetti Computing's stock has dropped from an initial $9.75 to about $17, down from a record high of $56.34 last October, indicating market concerns about its future prospects.
- Revenue Dependency: Although Rigetti's business model appears promising, it still generates most of its revenue from government and research contracts rather than sales of its quantum processing units (QPUs), which limits its profitability and market expansion potential.
- Increased Competitive Pressure: Rigetti faces intense competition from newer quantum computing companies that utilize technologies not requiring cooling, potentially undermining Rigetti's market position, especially as its older electron-based systems encounter technological limitations.
- Uncertain Future Outlook: While analysts project Rigetti's revenue to rise from $7.1 million to $110.8 million between 2025 and 2028, its market cap exceeds 50 times its projected 2028 sales, and it is expected to remain unprofitable, which diminishes investor confidence in its future.
See More
Quantum Computing Stocks Face Bubble Risks
- Massive Market Opportunity: The quantum computing market is projected to reach $850 billion by 2040, capturing the attention of Wall Street and investors; however, stocks of IonQ, Rigetti, and D-Wave surged by 72%, 37%, and 56% respectively over just seven trading days, reflecting immense market enthusiasm.
- Valuation Bubble: As of April 20, IonQ, Rigetti, and D-Wave exhibited price-to-sales ratios of 106, 870, and 283, significantly exceeding the 30 to 45 range seen during the dot-com bubble, indicating that these stocks are in bubble territory and warrant caution from investors.
- Lack of Profitability: All three companies are currently operating at a loss and rely on dilutive share issuances to sustain operations, contrasting sharply with members of the
See More
