Rigetti Computing, Inc. (RGTI)
| Market Cap | 2.54B |
| Revenue (ttm) | 10.79M |
| Net Income (ttm) | -200.99M |
| Shares Out | 285.83M |
| EPS (ttm) | -1.09 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 13,580,519 |
| Open | 8.56 |
| Previous Close | 8.86 |
| Day's Range | 8.35 - 8.88 |
| 52-Week Range | 0.66 - 21.42 |
| Beta | 1.42 |
| Analysts | Strong Buy |
| Price Target | 14.50 (+63.47%) |
| 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]
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 StatementsAnalyst Forecast
According to 4 analysts, the average rating for RGTI stock is "Strong Buy." The 12-month stock price forecast is $14.5, which is an increase of 63.47% from the latest price.
News
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...
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...
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 ...
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...
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...
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...
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...
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.
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...
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 ...
Rigetti Computing Has Room to Grow. Why the CEO Is Tempering Expectations.
Rigetti Computing takes a more conservative stance when it comes to timelines for quantum development.
Why startups and tech giants are racing to build a practical quantum computer
Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology. Governments around the world have also invested over $55 billion in the tech.
Quantum computing stocks: D-Wave, Rigetti, IONQ, QUBT are falling. Blame Nvidia (again)
Quantum computing stocks got pummeled yesterday, with the four most prominent public quantum computing companies—IonQ, Rigetti Computing, Quantum Computing Inc., and D-Wave Quantum Inc.—falling anywhe...
Quantum stocks see strong volatility after outsized gains
CNBC's Kristina Partsinevelos reports on the quantum trade.
Rigetti Computing: This Quantum Stock Just Popped, We Say Buy (Rating Upgrade)
Rigetti Computing is a leading provider of Superconducting Quantum Computing solutions. The company caters to a large TAM of $1-2 billion prior to 2030, which will increase significantly to $15-30 bil...
Quantum computing, AI stocks rise as Nvidia kicks off annual conference
Shares of quantum computing and artificial intelligence companies rose on Monday, as investors hoped that Nvidia would blow some life back into the beaten-down sectors with new announcements at its an...
Deep Analysis Shows Rigetti's High-Risk Growth Horizon (Rating Upgrade)
Rigetti Computing, Inc.'s multi-chip scaling and in-house Fab-1 aim to catch IBM and IonQ, but quantum advantage remains unproven. Intense R&D drives heavy losses. Revenue growth is sluggish, with 202...
Rigetti's Quantum Gamble Enters Critical Phase
Rigetti has dropped 33%, significantly underperforming the market's -7% decline, leading to an upgrade to speculative buy after the pullback. RGTI $200M+ partnership with Quanta aims to accelerate qua...
Rigetti Computing: Financial Situation Vastly Improved
Rigetti Computing improved its liquidity through equity offerings, securing $217.2M in cash and investments, and an additional $35M from Quanta Computer, reducing financial risk. Despite a revenue dec...
RGTI CEO on Quantum Computing, Profits & Tech Partnerships
Dr. Subodh Kulkarni, CEO of Rigetti Computing (RGTI), joins Market on Close as his company sees green arrows on a day full of red. He talks about how Rigetti utilizes quantum technology for customers ...
Rigetti Earnings Reveal the Risks and Rewards of Quantum Computing
Rigetti Computing and other pure plays may be on shaky footing as competition in quantum ramps up.
Rigetti Computing stock is down 65%: here's why I'm not buying
Rigetti Computing Inc (NASDAQ: RGTI) lost another 10% this morning after reporting a loss for its fiscal Q4 that came in well above the analysts' forecast. Year-to-date, shares of the quantum computin...
Rigetti Computing: Why The Stock Is Dropping Despite A Strong Earnings Call
I expect tariffs to drive inflation higher and DOGE cuts to decrease consumer confidence, delaying Fed interest rate cuts until at least 2026. I believe speculative plays like Rigetti Computing, Inc. ...
Rigetti Computing Earnings: Hard Pass From Me
Rigetti Computing burns cash, has a sky-high valuation at 150x forward sales, and faces relentless share dilution, making it an unattractive investment. The company's near-term prospects hinge on deve...
Rigetti Computing, Inc. (RGTI) Q4 2024 Earnings Call Transcript
Rigetti Computing, Inc. (NASDAQ:RGTI) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and Chief Executive Officer Jeffrey Bertelsen - Chief ...