Rigetti Computing, Inc. operates in the Technology sector, focused on quantum computing hardware and software. The company develops superconducting quantum processors and provides cloud-based access to quantum computing systems.

Its business model combines:

• In-house fabrication of quantum chips based on superconducting qubits.

• Cloud-accessible quantum computing systems.

• A proprietary development environment for building and testing quantum algorithms.

• Consulting and support services for enterprise and research applications.

Rigetti integrates its systems with major cloud providers, enabling customers to access quantum processors without maintaining dedicated infrastructure.

The company primarily targets research institutions, government agencies, and enterprises exploring advanced applications in optimization, materials science, and cryptography.

Performance is influenced by advancements in quantum hardware, research funding, public and private investment in emerging technologies, competition from other quantum computing firms, and the pace of commercialization in the sector.

Rigetti Computing, Inc. shares trade on the Nasdaq under the ticker RGTI.

History and Development

Founded in 2013 in Berkeley, California, the company was established to commercialize superconducting quantum computing technology.

Rigetti developed one of the early Quantum Computing as a Service (QCaaS) platforms, providing remote access to quantum processors through the cloud.

The company later became publicly traded, gaining access to capital to expand manufacturing capabilities and research efforts.

In recent years, Rigetti has focused on scaling qubit performance, improving error rates, strengthening cloud integrations, and forming partnerships with academic and industrial institutions to accelerate practical quantum applications.

Additional Information

Rigetti Computing Inc (United States) is listed on the Nasdaq and has a market capitalization of $3.78 billion, with shareholders equity totaling $537.43 million.

The company employs approximately 162 people and operates in the Others sector, within the Others industry.

Over the past 12 months, Rigetti Computing Inc reported $13.35 million in revenue, generating net income of $-205.56 million.

Key financial metrics include a P/E ratio of -18.38, a price-to-book (P/B) ratio of 7.03, and a trailing twelve-month dividend yield of 0.00%.

The company trades under the ticker RGTI.