Rigetti Computing, Inc. (RGTI) Stock Price & How to Invest

Rigetti Computing (RGTI) is a quantum computing company that designs and builds superconducting quantum processors and the full-stack systems and software around them. It operates an integrated approach: it fabricates its own quantum chips in an in-house foundry, builds multi-qubit quantum processing units, and offers access to its machines through Quantum Cloud Services and partner cloud platforms. Rigetti's strategy centers on improving qubit count, gate fidelity, and system reliability over successive processor generations, working toward machines that can eventually deliver advantages over classical computers for specific problems. Customers and partners include government, research, and enterprise organizations exploring quantum algorithms. The company is still in an early, pre-commercial-scale phase: revenue is small and inconsistent, and it operates at a loss while investing in hardware research and fabrication. Founded in 2013 and headquartered in Berkeley, California, Rigetti went public via a SPAC merger in 2022 and remains a long-horizon, speculative bet on whether superconducting quantum computing reaches practical, fault-tolerant utility.

The numbers as of mid-October 2026 show the gap between valuation and business. Trailing twelve-month revenue is ~$13.4 million, though it has been rising from a low base: ~$4.4 million in Q1 2026 and ~$5.1 million in Q2 2026, against under $2 million a quarter in late 2025. The trailing net loss is ~$239 million, much of it from a ~$201 million loss reported in Q3 2025; the Q2 2026 net loss was ~$53 million and EPS of -$0.05 matched estimates. Rigetti holds ~$394 million of cash against ~$8 million of debt, so its runway is funded for now. The stock closed at $12.02 on October 16, 2026, down ~49% year to date, ~75% over one year and ~24% over the past month, near the low end of its $11.11 to $48.25 52-week range. Quantum stocks fell together in mid-October after IonQ announced a $2 billion equity offering, a reminder that sector dilution worries move Rigetti as much as its own results. Q3 2026 results are scheduled for November 10, 2026, with consensus revenue of ~$3.7 million and EPS of -$0.05.

Rigetti is early-stage with small, inconsistent revenue and persistent operating losses, so it depends on its cash and periodic capital raises that can dilute shareholders heavily. Practical, fault-tolerant quantum computing remains unproven and may be many years away, if it arrives at all on the expected timeline. Competition is intense and well-funded, including large technology companies (IBM, Google, and others) and rival modalities such as trapped-ion and photonic approaches that could win out over superconducting qubits. The stock is highly volatile and trades heavily on quantum-sector sentiment and milestone news: it fell ~75% over the year to October 16, 2026, and dropped alongside peers in October when IonQ's $2 billion equity offering revived dilution fears across the group. Even after the decline, a ~$4 billion market value against ~$13 million of trailing revenue (roughly 300x sales) leaves the price dependent on long-dated expectations. An investment could lose substantial value if the technology or business does not progress as hoped.

12 analysts publish price targets on RGTI, averaging $28.52 against a $11.80 price as of October 2026, or +141.7%. The published targets run from $17.30 to $40.00, a wide spread, and the ratings split 9 buy, 4 hold, 0 sell. Over the last six months there have been 0 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full RGTI forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Rigetti Computing, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Full-stack and in-house fabrication. Rigetti designs its quantum chips, builds the processors, and operates its own fabrication facility, giving it tighter control over the hardware iteration loop than companies that outsource. The most optimistic published target, $40.00, assumes this works close to its best case.

The case against. Rigetti is early-stage with small, inconsistent revenue and persistent operating losses, so it depends on its cash and periodic capital raises that can dilute shareholders heavily. The most pessimistic target, $17.30, is roughly what RGTI is worth if this bites instead.

Read the full bull and bear case on RGTI, including what would have to change to break either one. Walnut is not an investment adviser.

No. Rigetti Computing, Inc. (RGTI) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Rigetti Computing, Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$13.4 million (Q2 2026 ~$5.1 million)
• Net loss (TTM): ~$239 million (Q2 2026 ~$53 million)
• Q2 2026 EPS: -$0.05 (in line with est.)
• Cash / debt: ~$394 million / ~$8 million
• P/E ratio: Not meaningful (no earnings)
• Price/sales: ~300x trailing
• Dividend: None
• Market cap: ~$4.0 billion

Rigetti cannot be valued on earnings; revenue is small and inconsistent and the company loses money. As of October 16, 2026 the market values it near $4 billion, roughly 300 times trailing revenue, pricing the option value of quantum computing reaching practical utility years out. Analysts expect ~$23 million of revenue in 2026 and ~$44 million in 2027, with losses continuing, so cash (~$394 million) and the risk of future share issuance matter more than any multiple.

If you want RGTI exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses RGTI naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to RGTI: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get RGTI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (RGTX, WQTM), which spreads the position across many companies. Or build it into a focused thematic portfolio, so RGTI sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where RGTI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Rigetti (RGTI) is a speculative, early-stage play on superconducting quantum computing reaching practical utility. In a portfolio it behaves as a high-volatility, narrative-driven position whose value depends on long-dated technical milestones and continued financing, not current profits. It is the kind of name typically sized small relative to established holdings, given the breadth of possible outcomes. The 2026 drawdown, from a 52-week high of $48.25 to about $12, shows how wide those outcomes can be in practice.

Whether RGTI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RGTI a buy or a sell?, and where the stock could go from here in the RGTI stock forecast.

For income investors, whether RGTI pays a dividend and how the payout looks is covered in does RGTI pay a dividend? And to weigh RGTI against a peer, read the full side-by-side comparisons: RGTI vs IBM and RGTI vs GOOGL.