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Upturn AI Summary - About
Rigetti Computing Inc(RGTI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RGTI
10/28/2026: RGTI (3-star) is currently NOT-A-BUY. Pass it for now.
Rigetti Computing is a pure-play quantum computing firm that focuses on developing superconducting processors and cloud-accessible quantum services. The company is known for its vertically integrated approach, which covers both hardware design and software enablement. Its primary growth story revolves around the eventual realization of fault-tolerant quantum computing for commercial and government use cases. However, the company faces significant risks, including cash burn, intense competition from better-resourced tech giants, and technical execution hurdles. The stock is best suited for high-risk growth investors interested in speculative deep-tech; interested parties should monitor technical milestones and the sustainability of its capital funding.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers high-risk, high-reward exposure to an emerging technology but lacks proven commercial scale. |
| Momentum investor | Strong fit while signal remains positive | It can experience significant price swings based on technical breakthroughs or news flow. |
| Value investor | Weak fit | The company has no earnings and negative cash flows, making traditional valuation metrics inapplicable. |
| Dividend investor | Weak fit | No dividend payments are provided or expected in the foreseeable future. |
| Low-risk investor | Weak fit | The speculative nature of the industry and stock price volatility are unsuitable for conservative portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to large fluctuations due to market sentiment regarding emerging tech. |
| Valuation risk | High | Valuations are highly speculative as they rely on long-term growth potential rather than current profits. |
| Competition risk (AI/Quantum) | High | Large-cap firms have significantly more resources for R&D than Rigetti. |
| Business quality | Medium | While the technology is innovative, the underlying business is not yet self-sustaining. |
| Dividend income | Low / none | The company does not provide income to shareholders. |
| Execution risk | High | Failure to achieve technical milestones could jeopardize future growth and funding. |
Price Behavior

Downtrend
The stock has experienced a sustained decline in price over recent periods.

Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 985.43% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Advisory Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals 
Financial Health Rating 
Growth Momentum Score 
Ownership 
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue) 
Economic Dimensions
Quantitative Style Profile 
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.15B USD | Price to earnings Ratio - | 1Y Target Price 28.52 |
Price to earnings Ratio - | 1Y Target Price 28.52 | ||
Volume (30-day avg) 15.2M shares | Beta 2.03 | 52 Weeks Range 11.11 - 44.52 | Updated Date 10/28/2026 |
52 Weeks Range 11.11 - 44.52 | Updated Date 10/28/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.8 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Quantum Cloud Services | Subscription-based or usage-based access to quantum computers. | The company earns money by charging developers and researchers for computing time. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 3.76B | Price to Sales(TTM) 310.95 |
Enterprise Value 3.76B | Price to Sales(TTM) 310.95 | ||
Enterprise Value to Revenue 257.04 | Enterprise Value to EBITDA 1.29 | Shares Outstanding 333.77M | Shares Floating 327.96M |
Shares Outstanding 333.77M | Shares Floating 327.96M | ||
Percent Insiders 1.74 | Percent Institutions 54.65 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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