Rigetti Computing

Rigetti Computing, Inc. provides full-stack quantum computing services. It serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, CA.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Rigetti Computing advances quantum systems amidst financial challenges and growth opportunities

Rigetti Computing progresses with advanced quantum systems, strong financial backing, and strategic partnerships, but faces challenges in scaling and financial performance.
Opportunities in government funding, research collaborations, and technological innovation offer avenues for growth and differentiation in the competitive quantum computing landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

IonQ

The quantum computing industry has emerged as one of 2024's hottest investing themes, with leading players seeing their stocks surge amid growing commercial and government interest. Industry research firm Fortune Business Insights projects the global quantum computing market will grow from $1.16 billion in 2024 to $12.6 billion by 2032, representing a 34.8% annual growth rate.

Better Quantum Computing Stock: Rigetti Computing vs. IonQ, Inc.

With shares up by 223% year to date, Rigetti Computing (RGTI 37.74%) is soaring as Wall Street becomes more interested in quantum computing. While this industry is less flashy than other hype cycles like generative artificial intelligence (AI), it could be just as impactful over the long term.

Is Rigetti Computing a Millionaire-Maker Stock?

Zacks.com users have recently been watching Rigetti Computing (RGTI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Rigetti Computing, Inc. (RGTI) Is a Trending Stock: Facts to Know Before Betting on It

Applied Blockchain Inc

Wolfspeed

The post-election market shift has created compelling opportunities in small-cap technology stocks. The Russell 2000 index has gained 7.8% since the election, compared with just 4.4% for the S&P 500, indicating renewed investor interest in smaller companies after years of large-cap dominance.

3 Incredible Growth Stocks to Buy Right Now

D-Wave Quantum Inc

Quantum computing is causing rumblings in the stock market, as evidenced by the interest in stocks like IonQ Inc. NYSE: IONQ, which have surged 156% year-to-date (YTD). The computer and technology sector pioneer IonQ is widely being accepted as the leader in this segment based on its 102% YoY growing revenues, a $54.5 million deal with the United States Air Force Research Lab (AFRL), and financial backing from industry giants like Amazon.com Inc. NASDAQ: AMZN, Lockheed Martin NYSE: LMT and Samsung Electronics Co. Ltd.

2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ

Over the past 10 years, a $1,000 investment in Nvidia (NVDA -1.15%) would have grown to roughly $265,840. A large portion of that rally was fueled by its soaring sales of data center GPUs for processing AI tasks.

Could Rigetti Computing Become the Next Nvidia?

Rigetti benefits from an expanding clientele and its growing influence in the quantum computing space.

RGTI Surges 97% YTD: Should You Buy, Hold or Sell the Stock?

BERKELEY, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 50,000,000 shares of the Company's common stock, par value $0.0001 per share, at a purchase price of $2.00 per share, pursuant to a registered direct offering priced at-the-market under Nasdaq rules, resulting in gross proceeds of approximately $100 million, before deducting placement agent commissions and other offering expenses.

Rigetti Computing Announces Pricing of $100 Million Registered Direct Offering of Common Stock Priced At-The-Market Under Nasdaq Rules

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 400 points on Monday.

Gold Down Over 3%; Rigetti Computing Shares Spike Higher

Rigetti Computing offers speculative upside, with significant catalysts ahead that could push its share price into double digits by the end of 2025. Milestones include the 84-qubit Ankaa 3 system in 2024, modular architecture validation in mid-2025, a 100+ qubit system by the end of 2025, and the future 336-qubit Lyra processor. Collaborations with NVIDIA, Fermilab, and NQCC, coupled with potential DARPA contracts and increased quantum funding in the US, are strong growth drivers for this stock.

Rigetti Computing: Could This Be The Next Quantum Multibagger?

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.

Investors Heavily Search Rigetti Computing, Inc. (RGTI): Here is What You Need to Know

Rigetti Computing focuses on quantum computing with superconducting qubit-based processors but faces financial challenges despite technological advancements. The company raised $12 million in Q3 2024 but still reported a $17.3 million operating loss, with $92.6 million in cash and securities. Rigetti aims to release a 36-qubit system in mid-2025 and a 100-qubit system by year-end, targeting a $7.5 billion market.

Rigetti Computing Rises After Q3 2024 Earnings Due To Modular QPU Framework

BERKELEY, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that Dr. Subodh Kulkarni, Rigetti CEO, will be delivering a keynote presentation at SEMICON Europa 2024 in Munich, Germany later today, November 13, 2024 at 2:45pm.

Rigetti to Present Keynote at SEMICON Europa 2024

Rigetti Computing, Inc. (NASDAQ:RGTI ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Subodh Kulkarni - President and CEO Jeff Bertelsen - CFO Conference Call Participants David Williams - The Benchmark Company Quinn Bolton - Needham and Company Brian Kinstlinger - Alliance Global Partners Craig Ellis - B. Riley Operator Good day.

Rigetti Computing, Inc. (RGTI) Q3 2024 Earnings Call Transcript

BERKELEY, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2024 and business updates, including updates to its technology roadmap.

Rigetti Computing Reports Third Quarter 2024 Financial Results and Business Updates

RGTI's third-quarter 2024 performance is expected to have benefited from advancements in quantum computing technology and expanded global partnerships.

Rigetti Set to Report Q3 Earnings: Buy, Sell or Hold the Stock?

In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.12, denoting a -0.88% change from the preceding trading day.

Rigetti Computing, Inc. (RGTI) Stock Dips While Market Gains: Key Facts

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Wall Street Bulls Look Optimistic About Rigetti Computing (RGTI): Should You Buy?

By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers By integrating Riverlane's quantum error decoder into the control system of Rigetti's 84-qubit Ankaa™-2 system, the team was able to demonstrate real-time, low latency quantum error correction, a critical process for developing fault tolerant quantum computers

Rigetti and Riverlane Progress Towards Fault Tolerant Quantum Computing with Real-Time and Low Latency Error Correction on Rigetti QPU

The UK's National Quantum Computing Centre (NQCC) officially opened the doors of its landmark facility on Harwell Campus on October 25. The state-of-the-art facility includes a fully operational 24-qubit Ankaa ™ -class Rigetti system, which will be made available to NQCC researchers for testing, benchmarking, and exploratory applications development.

Fully Operational Rigetti QPU Included in UK's Recently Opened National Quantum Computer Centre

Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Here is What to Know Beyond Why Rigetti Computing, Inc. (RGTI) is a Trending Stock

BERKELEY, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release third quarter 2024 results on Tuesday, November 12, 2024 pre-market open.

Rigetti Computing to Report Third Quarter 2024 Financial Results and Host Conference Call on November 12, 2024

In the closing of the recent trading day, Rigetti Computing, Inc. (RGTI) stood at $1.21, denoting a -1.63% change from the preceding trading day.

Rigetti Computing, Inc. (RGTI) Declines More Than Market: Some Information for Investors

Quantum computing is a revolutionary, next-generation technology used to solve complex equations. Stock Strategist Andrew Rocco explains that though its in its early stages, quantum computing is likely to disrupt several industries.

News for Rigetti Computing Stock (RGTI)