YouTube · Q2 2026 · 2026-08-09
RGTI · NasdaqCM
Rigetti Computing, Inc.
Computer Hardware · United States
- Market cap (USD)
- US$5.42B
- Trailing P/E
- —
- Forward P/E
- —
- Quarterly revenue growth
- 185.3%
- Trailing net margin
- 0.0%
- Indicated dividend yield
- —
Snapshot 2026-09-28 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-11-10 (provider estimate, not issuer-confirmed).
Company background
Rigetti Computing, Inc., through its subsidiaries, builds and operates 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 to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform 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 QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.
Company websiteQ2 2026
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Comparable businesses
RGTI peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | RGTIRigetti Computing, Inc.Snapshot 2026-09-28Financial period: 2026-06-30 | QBTSD-Wave Quantum Inc.Snapshot 2026-09-28Financial period: 2026-06-30 | QUBTQuantum Computing Inc.Snapshot 2026-09-28Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$5.42B | US$6.46B | US$1.97B | US$4.22Bn=2 |
| Forward P/EProvider forward earnings estimate | — | — | — | — |
| EV / EBITDAEnterprise value / trailing EBITDA | — | — | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 185.3% | -0.6% | 9,000.0% | 4,499.7%n=2 |
| Operating marginLatest reported quarter | -546.2% | -1,732.1% | -281.3% | -1,006.7%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 0.5% | -1.1% | -2.7% | -1.9%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | — | — | — | — |
| Debt / equityTotal debt / positive book equity | 0.01x | 0.04x | 0.01x | 0.03xn=2 |
| Trailing P/ETrailing twelve-month earnings | — | — | — | — |
| Price / bookPrice / positive book equity per share | 10.08x | 5.84x | 1.24x | 3.54xn=2 |
| EV / salesEnterprise value / trailing revenue | 387.52x | 481.78x | 111.69x | 296.74xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | — | — | — | — |
| Gross marginTrailing twelve months | 34.6% | 64.2% | -18.9% | 22.6%n=2 |
| Net marginTrailing twelve months | 0.0% | 0.0% | -152.5% | -76.2%n=2 |
| Return on equityProvider trailing return; positive equity only | -43.8% | -28.0% | -1.5% | -14.7%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | 198.1% | -590.6% | -548.7% | -569.6%n=2 |
| Dividend yieldIndicated annual dividend / price | — | — | — | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 3.94x | 20.55x | 53.13x | 36.84xn=2 |
| BetaProvider historical market sensitivity | 2.01 | 2.14 | 3.77 | 2.96n=2 |
YouTube · Q2 2026 · 2026-08-09
YouTube · Q2 2026 · 2026-08-12
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Financial data & calculation notes
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Earnings-multiple scenario
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Starting assumptions, when available, use provider forward estimates as of 2026-09-28. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for RGTI
Q2 20262026-08-09
Rigetti (RGTI) Q2 2026 Earnings: Government Was 92% Of Revenue, Now It Is 18%
Presentation · 2026-08-09 · YouTube