Rigetti Computing Inc. (RGTI) is at the forefront of the quantum computing revolution, committed to democratizing access to groundbreaking quantum technologies across a variety of industries, including finance, pharmaceuticals, and logistics. With a portfolio that includes cutting-edge quantum processors and a sophisticated cloud platform, Rigetti enables organizations to integrate quantum algorithms with existing computing infrastructures, significantly enhancing their computational abilities. The company's robust focus on research and development ensures its continued leadership in the sector, positioning Rigetti to play a pivotal role in the advancement of high-performance computing solutions for a diverse range of applications.
| Revenue (TTM) | $13.35M |
| Gross Profit (TTM) | $4.62M |
| EBITDA | $-87.23M |
| Operating Margin | -546.00% |
| Return on Equity | -43.80% |
| Return on Assets | -9.45% |
| Revenue/Share (TTM) | $0.04 |
| Book Value | $1.61 |
| Price-to-Book | 9.94 |
| Price-to-Sales (TTM) | 416.43 |
| EV/Revenue | 371.15 |
| EV/EBITDA | 1.29 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 185.30% |
| Shares Outstanding | $333.77M |
| Float | $327.96M |
| % Insiders | 2.01% |
| % Institutions | 55.87% |
Volatility is currently contracting
Quantum stocks face a pivotal Q3 finish as IonQ, D-Wave and Rigetti push commercialization while rates and valuation concerns weigh on shares.
Quantum computing stocks are extending their recent rebound Thursday as investors continue to digest a series of technical developments across the industry. IonQ (NYSE:IONQ | IONQ Price Prediction) stock is up 4% to $44.
Shares of IonQ (NYSE:IONQ | IONQ Price Prediction) are rallying in Wednesday morning trading on two company announcements landing back to back: an error-decoder breakthrough disclosed after Tuesday's close, and a premarket disclosure that IonQ's Superion 256 system will be
Top quantum computing stocks like IonQ, Rigetti Computing (RGTI), and D-Wave Quantum (QBTS) are rising today after IonQ made a breakthrough this week. IonQ stock is up more than 10% in the pre-market session, while D-Wave Quantum is up 4.70%.
Rigetti Computing Inc. (NASDAQ:RGTI) shares are trading higher Wednesday in sympathy with IonQ Inc. (NYSE:IONQ) after that company announced it will bring the first quantum processor to NVIDIA Corporation (NASDAQ:NVDA)‘s Accelerated Quantum Research Center.
Rigetti remains a small, high-burn business despite having more than $500 million in cash and investments. The $100 million in government funding comes with milestones, performance requirements, and shareholder dilution.
Rigetti is tackling a coherence-time bottleneck in its 108-qubit Cepheus system to improve gate fidelity and quantum reliability.
Rigetti Computing recorded only $5.1 million in revenue in the second quarter. It's burning through cash and trades at a lofty valuation.
Quantum computing stocks are trading like a thematic basket this morning, not like an industry being repriced.
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