Rigetti Computing is a full-stack quantum company building superconducting quantum processors, cloud access, and on-premises systems. The stock thesis is highly speculative and depends on fidelity milestones, hardware sales, partnerships, cash runway, and competition from IonQ, D-Wave, IBM, and Google.
Rigetti Computing (RGTI) Stock Price & Market Analysis
RGTI · NASDAQ · Computer Hardware
Delayed
$11.39
▼ -$0.6600(-5.48%)3:45 PM ET - vs previous closeQuote as of Oct 22, 2026, 3:45 PM EDT
NASDAQ regular-session quote as of Oct 22, 2026, 3:45 PM EDT.
Last session15%
$11.29L Oct 22 '26$11.97H Oct 22 '26
52-week range1%
$11.11L Oct 15 '26$44.52
Long-term rangesAvailable historyHide
Available history(2021-04-22)19%
$0.3600L May 4 '23$58.15H Oct 14 '25
Historical range: 2021-04-22–2026-10-22. Earlier trading may not be included.
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Data dates
PriceDelayedLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
What matters next
Next important events
- Nov 10, 2026Next earningsConfirmed
Countdown
19 days out
Reported fundamentals
RGTI financial overview
Annual revenue
Not reported
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
Not comparable
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
Not reported
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout Rigetti Computing (RGTI)Sector, leadership, and how Rigetti Computing earns its revenue.Technology
Rigetti Computing
NASDAQ · RGTI · US
Company overview.
- Sector
- Technology
- Industry
- Computer Hardware
- Headquarters
- Berkeley, CA, United States
- Country
- US
- Founded
- 2021
- Employees
- 163
- CEO
- Dr. Subodh K. Kulkarni Ph.D.
- Exchange
- NASDAQ
How Rigetti Computing makes money
Technology
Superconducting qubits and chiplets
Rigetti designs and fabricates its own QPUs, using a superconducting approach with modular chiplet ambitions to scale beyond small systems.
Roadmap
Fidelity milestones are the proof points
Assess Ankaa performance and future systems alongside gate fidelity and qubit-scaling milestones.
Commercialization
Hardware sales and cloud access
Novera systems, government contracts, and cloud usage can show whether Rigetti is moving beyond research-stage demand.
Risk
Valuation versus revenue is extreme
Rigetti has meaningful cash but limited revenue, so dilution, burn rate, and technical delays remain central risks.
Key takeaways for RGTI
RGTI is a speculative quantum hardware stock, not a mature software or semiconductor business.
The bull case needs measurable technical milestones and commercial hardware demand.
The bear case is that revenue remains too small while dilution and competition continue.
Business model & operating evidenceExplore business exposure, reported operating measures and the evidence behind growth and profitability claims.
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Insufficient evidence: Unavailable
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · Date unavailable
Growth produces accounting profit
Insufficient evidence: Unavailable
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · Date unavailable
The business generates cash after investment
Contradicting observation: USD -27.77M
Latest reported free cash flow. It is not a forecast and may cover a different period from the fiscal-year figures above. · 2026-06-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- EPS
- -$0.16quarter ended Jun 30, 2026
- Capital expenditure
- $11.99Mquarter ended Jun 30, 2026
- Free cash flow
- -$27.77Mquarter ended Jun 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Reviewed company relationships
Direct competitors, industry comparables and thematic alternatives have different uses. Compare fiscal periods and business mix before comparing multiples.
Company-specific relationship evidence is not included in this snapshot. Explore the industry comparisons below without assuming that every comparable is a direct competitor.
A disclosed relationship is historical evidence, not a current valuation or a recommendation.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
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Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-10-23 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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