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RGTI Overview

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

Loading chart...

High
22.570
Open
20.675
VWAP
21.36
Vol
46.63M
Mkt Cap
7.07B
Low
20.240
Amount
996.11M
EV/EBITDA(TTM)
--
Total Shares
332.40M
EV
6.69B
EV/OCF(TTM)
--
P/S(TTM)
688.05
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.
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Events Timeline

(ET)
2026-06-23
10:30:00
Trump Signs Executive Orders Boosting Infleqtion Shares
select
2026-06-23
10:00:00
Trump Signs Executive Order to Advance Quantum Computing
select
2026-06-23
07:00:00
Trump Signs Executive Order to Accelerate Post-Quantum Cryptography
select
link
2026-06-23
06:31:00
Trump Accelerates Quantum Computing Industry Development
select
link
2026-06-15 (ET)
2026-06-15
16:30:00
Hewlett Packard Enterprise Expands Collaboration with Eight Companies
select

News

stocktwits
8.5
06-23stocktwits
U.S. Accelerates Quantum Computing Strategy with New Directives
  • Quantum Computing Goals: The U.S. government has set a target to develop a quantum computer tailored for scientific research within two years and to roll out quantum sensors and networks within five years, aiming to enhance national research capabilities and technological competitiveness.
  • Cybersecurity Upgrade: The second directive mandates federal departments to complete a full migration to quantum-resistant encryption protocols for high-value targets by 2031, addressing future national security threats and ensuring the security of critical data.
  • Funding Support: This strategy is backed by a $2 billion government allocation aimed at strengthening local supply chains through collaboration with major tech companies and research labs, facilitating the commercialization of quantum technology.
  • Positive Market Reaction: Following Trump's signing of the directives, shares of IONQ, QUBT, and IBM rose between 4% and 6% in after-hours trading, reflecting market optimism about the future developments in the quantum computing sector.
Fool
8.5
06-20Fool
U.S. Government Invests in Quantum Computing Firms
  • Government Investment Plan: The U.S. Department of Commerce plans to invest up to $2 billion across nine quantum computing firms over the next three years, with Rigetti Computing set to receive $100 million in CHIPS Act funding aimed at advancing its superconducting quantum systems R&D.
  • Strategic Significance: This funding not only lends credibility to Rigetti's technology but also aligns with national priorities in artificial intelligence, highlighting policymakers' recognition of quantum computing's importance for economic competitiveness and security applications.
  • Market Reaction: While the government funding provides non-dilutive capital to Rigetti's balance sheet, the company currently has a market cap of approximately $7 billion with trailing twelve-month sales of only $10 million, resulting in a price-to-sales ratio nearing 700, indicating a high-risk, high-reward scenario.
  • Future Outlook: Additional government funding could accelerate Rigetti's progress toward building scalable fault-tolerant quantum architectures, although quantum computing remains in a pre-commercial phase, suggesting meaningful revenue growth is still years away.
NASDAQ.COM
8.5
06-20NASDAQ.COM
U.S. Commerce Department Invests $2 Billion in Quantum Computing Firms
  • Funding Support: The U.S. Department of Commerce plans to invest $2 billion over the next three years across nine quantum computing companies, with Rigetti Computing set to receive $100 million in CHIPS Act funding aimed at advancing its superconducting quantum systems R&D.
  • Market Confidence: While government funding adds credibility to Rigetti's technology, its shares remain priced at historically high levels, with a market cap of approximately $7 billion and trailing twelve-month sales of only $10 million, resulting in a price-to-sales ratio nearing 700, indicating a high-risk, high-reward scenario.
  • Strategic Importance: The selection of Rigetti as a funding recipient signals policymakers' confidence in the significance of quantum computing for economic competitiveness and security applications, and government involvement could accelerate breakthroughs in areas like drug discovery and financial services.
  • Future Outlook: Although the funding may help Rigetti reduce reliance on dilutive equity raises, the company is still in its early stages, with meaningful revenue growth likely years away, prompting investors to carefully assess its current high valuation.
Fool
5.0
06-19Fool
Analysis of Quantum Computing Investment Prospects
  • Market Outlook: Quantum computing is expected to become commercially viable by 2030, prompting investors to position themselves early for maximum gains, particularly with smaller start-ups potentially offering higher returns.
  • Technological Path Differences: IonQ's trapped-ion technology boasts a 99.99% 2-qubit gate fidelity, significantly outperforming Rigetti's 99.1%, giving IonQ an edge in accuracy and computational capacity, which could drive market share growth.
  • Financial Performance Comparison: IonQ's Q1 revenue surged 755% year-over-year to nearly $65 million, while Rigetti's revenue was only $4.4 million, indicating a higher market interest in IonQ's products and reflecting its stronger competitive position.
  • Investment Strategy Recommendation: Although IonQ currently shows superior performance, the quantum computing sector is still in its infancy, so investors should consider diversifying into multiple quantum computing stocks or ETFs to mitigate risk while capitalizing on future growth opportunities.
NASDAQ.COM
8.5
06-19NASDAQ.COM
Analysis of IonQ vs. Rigetti in Quantum Computing
  • Technology Comparison: IonQ's trapped-ion technology achieves a 99.99% 2-qubit gate fidelity, significantly surpassing Rigetti's 99.1%, which gives IonQ an edge in accuracy despite its slower computation speed.
  • Revenue Growth: IonQ's revenue surged 755% year-over-year in Q1 2025 to nearly $65 million, indicating strong market interest in its products, while Rigetti's revenue was only $4.4 million in the same period, highlighting IonQ's superior market appeal.
  • Market Outlook: With quantum computing expected to become commercially viable by 2030, investors need to position themselves early, and IonQ, as a leader, could see substantial returns as the technology matures over the coming years.
  • Investment Strategy: While IonQ is viewed as the better investment option, the quantum computing sector is still developing, prompting investors to consider diversifying into multiple quantum stocks or ETFs to mitigate risks and capitalize on potential market opportunities.
Fool
8.5
06-19Fool
Analysis of Rigetti Computing's Stock Volatility
  • Stock Pullback: Rigetti Computing's stock has fallen from an all-time high of $58 in October to around $21 currently, indicating a potential waning of market enthusiasm for quantum computing, prompting investors to carefully assess buying opportunities.
  • Government Funding Support: The U.S. government announced it would provide Rigetti with up to $100 million in funding, which, despite potential strings attached, serves as a positive signal for the quantum computing industry and strengthens Rigetti's market position.
  • Financial Performance: In Q1 2026, Rigetti's revenue tripled year-over-year to $4.4 million, although operating losses increased; however, the company maintains over $400 million in cash, ensuring its ability to continue development.
  • Intense Market Competition: The quantum computing sector is highly competitive, with Rigetti facing challenges from companies like IonQ and D-Wave, as well as tech giants like Google and IBM; nevertheless, government backing and ample cash flow position it for future potential.
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
Vijay Rakesh
Outperform
downgrade
$33 -> $27
AI Analysis
2026-05-12
Reason
Mizuho
Vijay Rakesh
Price Target
$33 -> $27
AI Analysis
2026-05-12
downgrade
Outperform
Reason
Mizuho analyst Vijay Rakesh lowered the firm's price target on Rigetti Computing to $27 from $33 and keeps an Outperform rating on the shares.
Northland
Nehal Chokshi
initiated
$20
2026-04-20
Reason
Northland
Nehal Chokshi
Price Target
$20
2026-04-20
initiated
Reason
Northland analyst Nehal Chokshi initiated coverage of Rigetti Computing with a Market Perform rating and $20 price target.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for RGTI
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Valuation Metrics

The current forward P/E ratio for Rigetti Computing Inc (RGTI.O) is 0.00, compared to its 5-year average forward P/E of -31.24. 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
-31.24
Current PE
0.00
Overvalued PE
26.72
Undervalued PE
-89.21

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
-24.00
Current EV/EBITDA
-27.94
Overvalued EV/EBITDA
22.65
Undervalued EV/EBITDA
-70.65

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
107.64
Current PS
160.06
Overvalued PS
287.62
Undervalued PS
-72.34

Financials

AI Analysis
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Quarterly

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Whales Holding RGTI

M
Mubadala Investment Company PJSC
Holding
RGTI
+83.41%
3M Return
C
Clear Street LLC
Holding
RGTI
+23.11%
3M Return
M
Marex Group plc
Holding
RGTI
+13.01%
3M Return
A
American Assets Investment Management, LLC
Holding
RGTI
+1.66%
3M Return

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Frequently Asked Questions

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

The current price of RGTI is 21.28 USD — it has decreased -0.47

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 4.40M USD, increased 198.91

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 -0.06 USD, decreased -146.15

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

Rigetti Computing Inc (RGTI) has 162 emplpoyees as of June 24 2026.

What is Rigetti Computing Inc (RGTI) market cap?

Today RGTI has the market capitalization of 7.07B USD.