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 | 6.12 |
| Price-to-Sales (TTM) | 246.21 |
| EV/Revenue | 217.3 |
| EV/EBITDA | 1.29 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 185.30% |
| Shares Outstanding | $333.77M |
| Float | $327.96M |
| % Insiders | 1.74% |
| % Institutions | 55.02% |
Volatility is currently expanding
A third-quarter beat and a raised outlook from IonQ (NYSE:IONQ | IONQ Price Prediction) are lifting the whole quantum computing group. IonQ stock is at $31.09, up 18% in afternoon trading.
Rigetti Computing (RGTI) is downgraded to Sell due to valuation risks outweighing upside, despite federal support and strong revenue growth. RGTI trades at extreme valuation multiples—217x trailing sales and 141x forward sales—vastly exceeding sector medians, with profitability still distant. Recent revenue spikes are driven by lumpy system deliveries, but gross margins and cash flow remain weak, and future growth is already priced in.
Rigetti Computing Inc (NASDAQ:RGTI) stock is 12.8% lower to trade at $9.78 this afternoon, earlier hitting an 18-month low of $9.19.
RGTI's Q3 earnings spotlight Novera orders, pending system deliveries and quantum performance milestones as investors seek signs of commercial growth.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
One analyst firm called the top on a quantum computing stock after a 190% rally, then watched every warning play out in real time. What the timeline reveals about reading a downgrade says more than the price drop itself.
Rigetti Computing has developed some of the quantum computing industry's best systems, but they still make too many errors to solve complex real-world problems. Rigetti is investing heavily in research and development while bringing in minimal revenue, resulting in substantial losses at the bottom line.
IonQ and Rigetti have each seen their stock prices tumble this year, representing a buying opportunity. One of these players offers investors less risk right now.
IonQ reported second-quarter revenue growth of 287% and completed its acquisition of SkyWater Technology, which gives it greater control over chip manufacturing. Rigetti's second-quarter revenue grew 185% from a small base, and its chiplet design combines smaller processors into a larger system.
D-Wave Quantum focuses on commercial annealing and recently expanded its reach with a new government-focused business unit. Rigetti Computing leverages a full-stack quantum cloud platform and maintains deep development partnerships with major government agencies.
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