Rigetti Computing, Inc. (RGTI)

NASDAQ: RGTI · Real-Time Price · USD
11.92
-0.13 (-1.08%)
At close: May 20, 2025, 4:00 PM
11.86
-0.06 (-0.50%)
After-hours: May 20, 2025, 7:59 PM EDT
-1.08%
Market Cap 3.46B
Revenue (ttm) 9.21M
Net Income (ttm) -137.60M
Shares Out 290.32M
EPS (ttm) -0.65
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 92,678,202
Open 12.53
Previous Close 12.05
Day's Range 11.51 - 12.69
52-Week Range 0.66 - 21.42
Beta 1.42
Analysts Strong Buy
Price Target 14.00 (+17.45%)
Earnings Date May 12, 2025

About RGTI

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCa... [Read more]

Sector Technology
Founded 2013
Employees 140
Stock Exchange NASDAQ
Ticker Symbol RGTI
Full Company Profile

Financial Performance

In 2024, Rigetti Computing's revenue was $10.79 million, a decrease of -10.14% compared to the previous year's $12.01 million. Losses were -$200.99 million, 167.6% more than in 2023.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for RGTI stock is "Strong Buy." The 12-month stock price forecast is $14.0, which is an increase of 17.45% from the latest price.

Price Target
$14.0
(17.45% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Why Did Rigetti Computing Analyst Cut His Price Forecast?

Rigetti Computing, Inc. RGTI shares are surging on Wednesday, reversing from yesterday's decline.

6 days ago - Benzinga

Rigetti Computing: I Think It Is Still A Little Too Early For This Sector

Rigetti Computing is a speculative investment due to the quantum computing market's immaturity and the company's high cash burn rate and declining financials. Q1/2025 results were disappointing, with ...

6 days ago - Seeking Alpha

Quantum computing is a 'super super computer using less energy,' Rigetti CEO

Quantum computing company Rigetti Computing (RGTI) released its first quarter earnings results on Monday, which saw revenues decrease from its previous quarter as the company pursues quantum advantage...

7 days ago - Yahoo Finance

RGTI CEO on Quantum Timeline & 1Q Earnings

Rigetti Computing (RGTI) CEO, Dr. Subodh Kulkarni, returns to Market on Close to talk about his company's latest earnings. While the company's stock sold off after earnings, Kulkarni says quantum comp...

7 days ago - Schwab Network

Quantum "Long-Term Bet," Forms "Trifecta" with A.I. & Cloud

Steven Dickens says investors "shouldn't be focused on headline numbers" for quantum stocks. Rigetti Computing (RGTI) posted a big revenue miss but Steven believes it, and other quantum companies, hav...

Other symbols: IONQQBTS
7 days ago - Schwab Network

Deep dive: Why Rigetti Computing's Q1 EPS isn't as impressive beneath the surface

Rigetti Computing Inc. (NASDAQ: RGTI) lost as much as 12% on Tuesday after reporting its financial results for the first quarter, which disappointed across the board. In Q1, the quantum technology com...

7 days ago - Invezz

3D Systems, Rigetti Computing, UnitedHealth Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

3D Systems reported quarterly losses of 21 cents per share which missed the analyst consensus estimate of losses of 14 cents per share. The company reported quarterly sales of $94.54 million which mis...

Other symbols: DDDUNH
7 days ago - Benzinga

Rigetti Computing Q1 Earnings: Too Much Hype For Me

Rigetti Computing's Q1 2025 earnings are unimpressive, with declining revenue growth and rapid share dilution, making the stock unattractive despite the sector's current popularity. The company faces ...

7 days ago - Seeking Alpha

Rigetti Computing, Inc. (RGTI) Q1 2025 Earnings Call Transcript

Rigetti Computing, Inc. (NASDAQ:RGTI) Q1 2025 Earnings Conference Call May 12, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participan...

8 days ago - Seeking Alpha

Rigetti Computing Reports First Quarter 2025 Financial Results

BERKELEY, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financi...

8 days ago - GlobeNewsWire

3 Bullish Signals Say Rigetti Stock Could Pop After Q1 Earnings

Rigetti Computing Inc. RGTI will report its first-quarter earnings after the market closes today. Wall Street expects the quantum computing startup to post a loss of five cents per share on revenue of...

8 days ago - Benzinga

Rigetti is taking on IBM, Google, and Microsoft in the race to build quantum computers. $RGTI

Rigetti is taking on IBM, Google, and Microsoft in the race to build quantum computers. $RGTI.

13 days ago - After Earnings

Rigetti Computing to Participate in Fireside Chat at 20th Annual Needham Technology, Media, & Consumer Conference

BERKELEY, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that Rigett...

14 days ago - GlobeNewsWire

QphoX, Rigetti and the NQCC Announce Collaboration on Multi-Channel Optical Readout of Quantum Processors

DELFT, Netherlands, BERKELEY, Calif. and OXFORDSHIRE, United Kingdom, May 06, 2025 (GLOBE NEWSWIRE) -- QphoX B.V.

14 days ago - GlobeNewsWire

Rigetti vs IonQ stock: which is the better quantum play for 2025?

Both Rigetti Computing Inc (NASDAQ: RGTI) and IonQ Inc (NYSE: IONQ) have soared about 50% over the past month as investors ran into the quantum computing stocks in hopes they'll emerge as the next gol...

Other symbols: IONQ
17 days ago - Invezz

Rigetti Computing Closes Investment by Quanta Computer

BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it h...

20 days ago - GlobeNewsWire

6 Stocks Showing Momentum As The Market Rebounds

Don't call it a comeback, but the market attempted to rally last week after a worrisome Monday decline. The S&P 500 closed above 5500 on Friday for the first time since President Donald Trump announce...

Other symbols: ACHRHNRGNUTXRKLBVNET
21 days ago - Benzinga

Rigetti Computing to Report First Quarter 2025 Financial Results and Host Conference Call on May 12, 2025

BERKELEY, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...

22 days ago - GlobeNewsWire

When Will Quantum Computing Be Ready for Prime Time? Inside Rigetti's Big Bet

On the latest episode of After Earnings, we spoke with Rigetti CEO Dr. Subodh Kulkarni about quantum science and its applications today. He talked about how Rigetti tries to compete with the quantum c...

22 days ago - After Earnings

Rigetti Granted Air Force Office of Scientific Research Award to Further Develop Breakthrough Chip Fabrication Technology

The $5.48 million Rigetti-led consortium will include Iowa State University, the Royal Melbourne Institute of Technology, the University of Connecticut, and Lawrence Livermore National Laboratory. The...

22 days ago - GlobeNewsWire

Rigetti Wins Innovate UK's Quantum Missions Pilot Competition to Advance Quantum Error Correction Capabilities on Superconducting Quantum Computers

Rigetti, in collaboration with Riverlane and the National Quantum Computing Centre (NQCC), has been selected as one of the winners of Innovate UK's Quantum Missions pilot competition. Leveraging Riget...

4 weeks ago - GlobeNewsWire

Quantum Computing Stocks Climb as Rigetti, IonQ Tapped for Department of Defense Program

Shares of Rigetti Computing (RGTI) and IonQ (IONQ) led a quantum computing stock rally Monday in the wake of a new government initiative and as artificial intelligence stocks rebounded from their rece...

Other symbols: IONQ
6 weeks ago - Investopedia

Rigetti and IonQ Selected for U.S. Quantum Initiative. Moving ‘From Hype to Prototype.

Rigetti, IonQ, and Quantinuum will work with the Department of Defense to build viable quantum computers.

Other symbols: IONQ
6 weeks ago - Barrons

Rigetti Computing Selected to Participate in DARPA's Quantum Benchmarking Initiative

BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it w...

6 weeks ago - GlobeNewsWire

Defiance Launches RGTX: 2X Leveraged ETF for Rigetti Computing, Inc.

MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs introduces RGTX, the Defiance Daily Target 2X Long RGTI ETF , a 2X leveraged single-stock ETF designed to provide amplified exposure to Rigetti ...

7 weeks ago - GlobeNewsWire