The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 9 | — | 20.8x | Bottom tier | |
Growth | 71 | 8.8% | 6.1% | Top tier | |
Quality | 14 | -30.9% | 6.6% | Bottom tier | |
Safety | 72 | 0.5x | 0.7x | Top tier | |
Capital Return | 65 | — | 2.02% | Around median | |
Momentum | 27 | 89.2% | 4.1% | Bottom tier | |
Sentiment | 38 | 6 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Rigetti Computing, Inc. (RGTI) is one of the pioneers in the quantum computing sector, specializing in the development and manufacturing of superconducting gate-model quantum computing systems. The company's business model relies on generating revenue by providing quantum computing services via the cloud through its proprietary Rigetti Quantum Cloud Services platform and partner platforms, in addition to direct sales of on-premises quantum processing units (QPUs) such as the Novera QPU, alongside government contracts, funding, and joint research projects.
During the first quarter of fiscal year 2026, the company achieved revenue of $4.4 million compared to $1.5 million in the first quarter of 2025, with this strong growth driven primarily by the delivery of Novera QPU systems and government and research project contracts. Gross margin for the first quarter was 31% compared to 30% in the corresponding period of the previous year, impacted by the contract mix and low-margin third-party cooling system costs. On a GAAP basis, the company recorded net income of $33.1 million, benefiting from non-cash gains of $53.7 million resulting from the revaluation of warrant liabilities, while non-GAAP net loss was approximately $14.7 million, or $0.04 per diluted share.
Rigetti Computing stock has a consensus analyst buy rating, with a mean price target of $30.5, with the analyst target range spanning from a low of $20 to a high of $40. The stock trades within a 52-week range of $10.3 to $58.15, placing it in constant comparison with analyst price targets in the absence of a clear P/E ratio due to ongoing operating losses and a focus on capital expenditure to develop technology.
Figures in the text are as of 2026-06-20; the live price is shown at the top of the page.
The Cepheus-1-108Q system is Rigetti Computing's latest 108-qubit quantum computer, currently generally available via major cloud services like Amazon Braket and Microsoft Azure Quantum. The system is distinguished by being the largest modular quantum system on the market, built from 12 interconnected chiplets of 9 qubits each. This system achieves an average 2-qubit gate fidelity of 99.1% and a processing speed of 60 nanoseconds in the current production environment.
In the first quarter of 2026, Rigetti achieved revenue of $4.4 million compared to $1.5 million in the first quarter of 2025, driven by the delivery of Novera QPUs. The company recorded GAAP net income of $33.1 million, thanks to non-cash gains from warrant revaluation of $53.7 million. Meanwhile, the non-GAAP net loss was approximately $14.7 million, or $0.04 per share, compared to a loss of $15.3 million in the prior year.
Rigetti plans to invest up to $100 million in the United Kingdom over the next few years, marking its first major investment outside the United States. The implementation of the first phase of this investment will begin in July or August of 2026 to support quantum computing development programs and increase headcount. This project aims to expand the company's facilities in cooperation with the UK National Quantum Computing Centre (NQCC), which currently houses a 36-qubit system from the company.
Automated analysis for informational purposes only — not investment advice.
The company ended the first quarter of 2026 with a very strong financial position, holding approximately $569 million in cash, cash equivalents, and available-for-sale investments, compared to $589.8 million at the end of 2025. The company currently operates with absolutely no debt, giving it sufficient flexibility to fund its technology roadmap. Management expects capital expenditures for 2026 to be elevated to expand cooling capabilities and infrastructure at its Fab-1 facility.
The C-DAC contract is an $8.4 million agreement signed by Rigetti to supply an on-premises 108-qubit quantum computing system to the Centre for Development of Advanced Computing in India. Company management expects to ship this system, complete acceptance testing, and perform installation to fully recognize the revenue during the fourth quarter of 2026. The company also plans to secure a separate follow-on purchase order covering ongoing maintenance and technical support services for this system.