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RGTI Overview

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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
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ET
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Intellectia

Loading chart...

High
17.250
Open
16.430
VWAP
16.44
Vol
26.87M
Mkt Cap
5.34B
Low
15.900
Amount
441.80M
EV/EBITDA(TTM)
--
Total Shares
332.15M
EV
4.89B
EV/OCF(TTM)
--
P/S(TTM)
711.62
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.
Show More

Events Timeline

(ET)
2026-03-10
14:50:00
Rigetti Computing Shares Down, Mixed Options Sentiment
select
2026-03-04 (ET)
2026-03-04
16:20:00
Rigetti Reports Q4 Revenue of $1.9M
select
2026-03-04
15:50:00
IonQ Q4 Exceeds Expectations with $61.9 Million Revenue
select

News

Fool
5.0
10:06 AMFool
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.
NASDAQ.COM
7.5
10:04 AMNASDAQ.COM
Rigetti Computing Faces Significant Challenges in Quantum Market
  • Revenue Decline: Rigetti Computing generated only $7.1 million in revenue for 2025, a 34% drop year-over-year, which is insignificant for a company valued at nearly $6 billion, potentially leading to further stock price declines.
  • High Operating Losses: The company incurred total operating expenses of $86.7 million last year, with $61.3 million allocated to R&D, resulting in an operating loss of $84.6 million and a GAAP net loss of $216.2 million, indicating severe sustainability challenges in its business model.
  • Slow Technological Progress: Although Rigetti achieved a gate fidelity of 99.9% in testing, it is expected to take three more years to replicate this in commercial settings, highlighting the significant distance its quantum computing technology has from widespread deployment.
  • High Valuation: Rigetti's price-to-sales ratio stands at 779, far exceeding Palantir's 89 and Nvidia's 20, indicating an unsustainable valuation; if revenue continues to shrink, its P/S ratio will rise further, potentially triggering more downward pressure.
Benzinga
2.0
03-12Benzinga
Reddit Trader Grows Account from $50K to $520K
  • Significant Account Growth: A Reddit trader has grown their brokerage account from $50,000 to over $520,000 in less than a year, demonstrating the effectiveness of their trading strategy and ability to seize market opportunities.
  • Trade Strategy Analysis: The trader's first major trade was buying Sharplink Inc (NASDAQ:SBET) at $9 in early 2025, which turned their account into approximately $200,000, indicating the potential rewards of concentrated investments.
  • Risk Management Approach: Preferring margin over options, the trader argues that margin trading avoids the time decay associated with options, although it introduces additional risks, reflecting a unique understanding of risk management.
  • Profit-Taking Strategy: The trader advises using AI to set price targets and profit goals, while also generating extra income by selling covered calls on appreciated stock positions, showcasing a mature approach to profit management.
PRnewswire
8.5
03-10PRnewswire
U.S. Federal Agencies Mandated to Adopt Quantum-Resistant Encryption by 2027
  • Industry Transformation Acceleration: All U.S. federal agencies are mandated to adopt quantum-resistant encryption by January 2027, propelling the global quantum technology market to an expected $7.66 billion by 2031, with a 22.6% CAGR, reflecting strong demand for quantum-secure infrastructure.
  • Market Expansion Dynamics: Quantum Secure Encryption Corp. has expanded its operational markets from four to thirteen since November 2025, with its channel partner count reaching eleven and two additional partnerships expected soon, indicating rapid growth and an expanding customer base in the global market.
  • Technological Innovation Enhancement: QSE's Quantum Preparedness Assessment (QPA) platform now includes expanded automation for analyzing software, cryptographic, and hardware bills of materials, aiding organizations in identifying cryptographic risks in complex environments to meet federal long-term migration planning requirements.
  • Government Procurement Ecosystem Strengthening: QSE has solidified its position in government procurement by joining the Canadian Association of Defence and Security Industries (CADSI) and the Municipal Information Systems Association (MISA), opening new pathways for participation in public sector and defense-related tenders involving quantum readiness initiatives.
Newsfilter
8.5
03-10Newsfilter
U.S. Federal Agencies Mandated to Adopt Quantum-Resistant Encryption by 2027
  • Industry Transformation Acceleration: All U.S. federal agencies are mandated to adopt quantum-resistant encryption by 2027, with the global quantum technology market projected to reach $7.66 billion by 2031, reflecting a 22.6% CAGR, which will drive rapid growth for companies like Quantum Secure Encryption Corp.
  • Market Expansion Dynamics: Quantum Secure Encryption Corp. has expanded its operational markets from four to thirteen since November 2025, with its channel partner count increasing to eleven and two additional partnerships expected soon, enhancing its market penetration in commercial and government sectors.
  • Technological Innovation Enhancement: The company's Quantum Preparedness Assessment (QPA) platform now features expanded automation for analyzing software, cryptographic, and hardware materials, aiding organizations in planning long-term transitions to quantum cryptographic standards.
  • Government Procurement Opportunities: Quantum Secure Encryption Corp. solidified its position within government procurement ecosystems by joining the Canadian Association of Defence and Security Industries (CADSI) and the Municipal Information Systems Association (MISA), opening new pathways for participation in public sector and defense-related cybersecurity tenders.
Fool
9.5
03-10Fool
Rigetti Computing Misses Revenue Expectations, Shares Decline
  • Revenue Miss: Rigetti Computing reported revenue of $1.9 million for the latest quarter, falling 17% short of the $2.3 million analyst consensus, indicating a struggle to generate meaningful revenue in the quantum computing sector, which may dampen investor confidence.
  • Significant Technical Challenges: The company faces major technological hurdles, as its two-qubit gate fidelity of 99.9% lags behind competitors like IonQ, which achieves 99.99%, potentially limiting Rigetti's competitive edge in the rapidly evolving quantum computing market.
  • Increased Operating Losses: Operating expenses surged by 19% to $23.2 million, resulting in an operating loss of $22.6 million, while gross margins declined from 44% to 35%, highlighting difficulties in cost management and profitability enhancement.
  • Cautious Future Outlook: Although revenue is projected to rise to $20 million in 2026 due to new orders, the current market capitalization exceeding $5 billion raises concerns about the stock's long-term investment value, suggesting that investors should proceed with caution.
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
Wall Street analysts forecast RGTI stock price to rise
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
30.00
Averages
39.75
High
51.00
Current: 0.000
sliders
Low
30.00
Averages
39.75
High
51.00
Mizuho
Outperform
to
NULL
downgrade
$50 -> $43
AI Analysis
2026-03-05
Reason
Mizuho
Price Target
$50 -> $43
AI Analysis
2026-03-05
downgrade
Outperform
to
NULL
Reason
Mizuho lowered the firm's price target on Rigetti Computing to $43 from $50 and keeps an Outperform rating on the shares. The firm views the company's December quarter as "soft" but says Rigetti continues to execute on its superconducting roadmap.
Needham
Buy
to
Buy
downgrade
$51 -> $31
2026-03-05
Reason
Needham
Price Target
$51 -> $31
2026-03-05
downgrade
Buy
to
Buy
Reason
Needham lowered the firm's price target on Rigetti Computing to $31 from $51 and keeps a Buy rating on the shares.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for RGTI
Unlock Now

Valuation Metrics

The current forward P/E ratio for Rigetti Computing Inc (RGTI.O) is -166.20, compared to its 5-year average forward P/E of -30.41. For a more detailed relative valuation and DCF analysis to assess Rigetti Computing Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-30.41
Current PE
-166.20
Overvalued PE
27.03
Undervalued PE
-87.85

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-24.64
Current EV/EBITDA
-128.93
Overvalued EV/EBITDA
23.63
Undervalued EV/EBITDA
-72.92

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
101.29
Current PS
476.91
Overvalued PS
288.19
Undervalued PS
-85.61

Financials

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Whales Holding RGTI

M
Mubadala Investment Company PJSC
Holding
RGTI
+10.69%
3M Return
C
Clear Street LLC
Holding
RGTI
-3.07%
3M Return
M
Marex Group plc
Holding
RGTI
-9.06%
3M Return

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Frequently Asked Questions

What is Rigetti Computing Inc (RGTI) stock price today?

The current price of RGTI is 16.17 USD — it has increased 0.62

What is Rigetti Computing Inc (RGTI)'s business?

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.

What is the price predicton of RGTI Stock?

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 is39.75 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.

What is Rigetti Computing Inc (RGTI)'s revenue for the last quarter?

Rigetti Computing Inc revenue for the last quarter amounts to 1.95M USD, decreased -18.12

What is Rigetti Computing Inc (RGTI)'s earnings per share (EPS) for the last quarter?

Rigetti Computing Inc. EPS for the last quarter amounts to -0.62 USD, increased 675.00

How many employees does Rigetti Computing Inc (RGTI). have?

Rigetti Computing Inc (RGTI) has 137 emplpoyees as of March 13 2026.

What is Rigetti Computing Inc (RGTI) market cap?

Today RGTI has the market capitalization of 5.34B USD.