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RGTI 
Rigetti Computing Inc (RGTI)
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Upturn Advisory Summary
12/09/2025: RGTI (3-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Number of Analysts
6 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $40.5
1 Year Target Price $40.5
| 5 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7694.09% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 12/09/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 9.31B USD | Price to earnings Ratio - | 1Y Target Price 40.5 |
Price to earnings Ratio - | 1Y Target Price 40.5 | ||
Volume (30-day avg) 6 | Beta 1.69 | 52 Weeks Range 5.85 - 58.15 | Updated Date 12/10/2025 |
52 Weeks Range 5.85 - 58.15 | Updated Date 12/10/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.46 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-11-10 | When - | Estimate -0.05 | Actual -0.03 |
Profitability
Profit Margin - | Operating Margin (TTM) -1055.42% |
Management Effectiveness
Return on Assets (TTM) -12.79% | Return on Equity (TTM) -141.9% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 8873949921 | Price to Sales(TTM) 1242.77 |
Enterprise Value 8873949921 | Price to Sales(TTM) 1242.77 | ||
Enterprise Value to Revenue 1184.14 | Enterprise Value to EBITDA 1.29 | Shares Outstanding 330026078 | Shares Floating 324646653 |
Shares Outstanding 330026078 | Shares Floating 324646653 | ||
Percent Insiders 1.65 | Percent Institutions 49.46 |
Upturn AI SWOT
Rigetti Computing Inc
Company Overview
History and Background
Rigetti Computing Inc. was founded in 2013 by Chad Rigetti. The company's mission is to build the world's most powerful computers, starting with quantum computing. A significant milestone was the development of their own superconducting quantum processors and cloud platform. Rigetti has evolved from a startup focused on hardware development to offering a full-stack quantum computing solution, including hardware, software, and cloud access.
Core Business Areas
- Quantum Computing Hardware: Design, fabrication, and sale of superconducting quantum processing units (QPUs). This includes developing advanced qubit architectures and fabrication techniques.
- Quantum Cloud Services: Providing access to Rigetti's quantum computers through a cloud-based platform, allowing researchers and developers to run quantum algorithms and experiments.
- Quantum Software and Algorithms: Development of software tools, compilers, and libraries to enable users to program and interact with their quantum hardware, as well as research into new quantum algorithms.
Leadership and Structure
Rigetti Computing Inc. is led by its founder and CEO, Chad Rigetti. The company is structured into departments focused on research and development, engineering, sales, marketing, and operations. Specific leadership roles and the exact organizational chart are not publicly detailed but are typical of a technology company with a focus on scientific innovation.
Top Products and Market Share
Key Offerings
- Rigetti Quantum Processors (QPUs): These are the core hardware products, featuring superconducting qubits. Rigetti offers various generations and qubit counts, with the current focus on processors like 'Aspen' and 'Ankaa'. Market share for specific QPU sales is difficult to ascertain as the market is nascent and often involves partnerships rather than direct sales. Competitors include IBM Quantum, Google Quantum AI, and IonQ.
- Rigetti Quantum Cloud Services (QCS): A platform offering access to Rigetti's quantum hardware. It provides an API for submitting quantum programs and receiving results. Market share is part of the broader quantum cloud market, competing with services from IBM, Amazon Braket, Microsoft Azure Quantum, and Google Cloud.
- Quantum Software Development Kit (SDK): Tools and libraries that enable users to develop and test quantum applications. Competitors include Qiskit (IBM), Cirq (Google), PennyLane (Xanadu), and others.
Market Dynamics
Industry Overview
The quantum computing industry is in its early stages of development, characterized by rapid technological advancements, significant research and development investment, and growing interest from various sectors including finance, pharmaceuticals, and materials science. The market is currently dominated by a few key players and is transitioning from theoretical research to practical applications.
Positioning
Rigetti Computing Inc. is positioned as a full-stack quantum computing company, developing its own quantum processors, providing cloud access, and building the necessary software ecosystem. Its competitive advantage lies in its proprietary superconducting qubit technology and its integrated approach to hardware and software.
Total Addressable Market (TAM)
The TAM for quantum computing is projected to grow significantly in the coming years, with estimates ranging from tens of billions to over a trillion dollars by the 2030s, depending on the applications and maturity of the technology. Rigetti is positioned to capture a share of this market by offering its specialized quantum computing solutions, though the market is still in its formative years, and widespread commercial adoption is yet to occur.
Upturn SWOT Analysis
Strengths
- Proprietary superconducting qubit technology.
- Full-stack approach (hardware, software, cloud).
- Experienced leadership team with deep expertise in quantum physics and engineering.
- Partnerships with research institutions and industry leaders.
Weaknesses
- Early stage of technology adoption and market penetration.
- High operational costs associated with quantum computing research and development.
- Reliance on external funding and potential for dilution.
- Limited track record of widespread commercial success for quantum computing in general.
Opportunities
- Growing demand for quantum computing solutions across various industries.
- Advancements in quantum error correction and fault tolerance.
- Emergence of new quantum algorithms for practical problems.
- Government initiatives and funding for quantum research and development.
Threats
- Intense competition from established tech giants and well-funded startups.
- Technological hurdles and the pace of innovation in quantum computing.
- Economic downturns impacting R&D budgets of potential customers.
- Regulatory uncertainties regarding advanced technologies.
Competitors and Market Share
Key Competitors
- IBM (IBM)
- Google (GOOGL)
- IonQ (IONQ)
- Rigetti Computing Inc. (RGTI)
Competitive Landscape
Rigetti's advantage lies in its integrated hardware and software approach and its focus on superconducting qubits. However, it faces strong competition from larger, more established tech companies like IBM and Google, which have vast resources and existing cloud infrastructure. IonQ, focusing on trapped-ion qubits, represents a different technological path, creating a diverse competitive landscape.
Growth Trajectory and Initiatives
Historical Growth: Rigetti has shown consistent growth in its quantum cloud services and has steadily improved its quantum hardware capabilities over the years. This historical growth has been fueled by significant investment in research and development.
Future Projections: Future projections are largely dependent on the acceleration of quantum computing adoption and technological breakthroughs. Analyst estimates for Rigetti often focus on revenue growth from its cloud platform and potential future hardware sales, with profitability expected in the longer term as the market matures.
Recent Initiatives: Recent initiatives likely include ongoing development of next-generation quantum processors with higher qubit counts and coherence times, expansion of its quantum cloud services, and strategic partnerships to explore quantum applications in various industries.
Summary
Rigetti Computing Inc. is a pioneering company in the nascent quantum computing field, with a strong focus on superconducting quantum processors and a full-stack cloud offering. Its strengths lie in its proprietary technology and integrated approach, while weaknesses include the early stage of quantum adoption and high R&D costs. Opportunities abound with growing industry interest, but threats from intense competition and technological hurdles are significant. The company's success hinges on its ability to scale its technology and demonstrate practical quantum advantage to a broad market.
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Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Industry Research Reports
- Financial News Outlets
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Stock market investments involve risks, and past performance is not indicative of future results. Data accuracy is subject to reporting by the company and market fluctuations. Specific financial figures and market share percentages are estimates and may vary. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rigetti Computing Inc
Exchange NASDAQ | Headquaters Berkeley, CA, United States | ||
IPO Launch date 2021-04-22 | CEO, President & Director Dr. Subodh K. Kulkarni Ph.D. | ||
Sector Technology | Industry Computer Hardware | Full time employees 137 | Website https://www.rigetti.com |
Full time employees 137 | Website https://www.rigetti.com | ||
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 QCaaS. In addition, the company offers quantum cloud services that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
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