Rigetti Computing Inc RGTI
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
Rigetti Computing Inc is a mid-cap company in the Technology sector (Computer Hardware), with a market value of $5.1B, based in the USA.
It employs about 162 people and has been listed since Apr 22, 2021.
Rigetti Computing, Inc., through its subsidiaries, builds and operates 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 to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer.
Cheap or expensive? relatively expensive
The company is loss-making, so it has no P/E — we compare on price-to-sales instead.
Its price-to-sales (P/S) is 381.2 versus 10.2 for the median of the Technology sector in our universe (46 companies) — relatively expensive.
Revenue is growing 185% a year — the market is paying ahead for that growth. If it slows, the high multiple becomes the risk.
The average analyst price target is 28.52, 87% above the current price (their view, not ours).
The stock sits at 6% of its one-year range (0% = the low, 100% = the high).
The risks
- • The company is loss-making, and its cash covers about 25 quarters at the current burn rate.
- • More cash leaves than comes in (negative free cash flow).
- • The share count grew 12% in a year — each share owns a smaller slice of the company.
- • The stock is more volatile than average (beta 2.0) — big daily moves both ways.
- • 19% of the float is sold short — part of the market is betting on a decline.
- • The stock is 74% below its one-year high.
Strengths
- ✅ More cash than debt.
- ✅ Most analysts rate it buy (9 vs 0).
- ✅ Revenue is growing 185% a year.
What changed this week
Over the past week the stock fell 8.5% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
This week's news
- IonQ vs. Rigetti: Is the Quantum Rally Backed by Fundamentals, or Just Momentum? finance.yahoo.com · 2026-10-03
- How This Quantum Stock Stands to Gain an Edge From AI and Supercomputing finance.yahoo.com · 2026-10-02
- Rigetti Builds Commercial Momentum With Hybrid Quantum-HPC Strategy finance.yahoo.com · 2026-10-02
- Rigetti Computing, Inc. (RGTI) Dips More Than Broader Market: What You Should Know finance.yahoo.com · 2026-09-29
- Quantum Computing Stocks Need A Spark. Could Congress Deliver Soon? finance.yahoo.com · 2026-09-29
- Rigetti Computing, Inc. (RGTI) Is a Trending Stock: Facts to Know Before Betting on It finance.yahoo.com · 2026-09-29
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.