Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.
IPO Year:
Exchange: NASDAQ
Website: https://www.rigetti.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/17/2025 | $35.00 | Outperform | Wedbush |
| 12/16/2025 | $30.00 | Hold | Jefferies |
| 12/11/2025 | $50.00 | Outperform | Mizuho |
| 11/3/2025 | $42.00 | Buy → Neutral | B. Riley Securities |
| 7/2/2025 | $15.00 | Overweight | Cantor Fitzgerald |
| 12/20/2024 | $12.00 | Buy | Craig Hallum |
| 7/25/2024 | $3.00 | Buy | B. Riley Securities |
| 3/1/2024 | $3.50 | Buy | Alliance Global Partners |
| 8/11/2023 | $4.00 | Hold → Buy | The Benchmark Company |
| 11/10/2022 | Buy → Hold | The Benchmark Company |
8-K - Rigetti Computing, Inc. (0001838359) (Filer)
SCHEDULE 13G/A - Rigetti Computing, Inc. (0001838359) (Subject)
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10-Q - Rigetti Computing, Inc. (0001838359) (Filer)
8-K - Rigetti Computing, Inc. (0001838359) (Filer)
SCHEDULE 13G/A - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
144 - Rigetti Computing, Inc. (0001838359) (Subject)
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4 - Rigetti Computing, Inc. (0001838359) (Issuer)
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4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
4 - Rigetti Computing, Inc. (0001838359) (Issuer)
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Wedbush initiated coverage of Rigetti Computing with a rating of Outperform and set a new price target of $35.00
Jefferies initiated coverage of Rigetti Computing with a rating of Hold and set a new price target of $30.00
Mizuho initiated coverage of Rigetti Computing with a rating of Outperform and set a new price target of $50.00
B. Riley Securities downgraded Rigetti Computing from Buy to Neutral and set a new price target of $42.00
Cantor Fitzgerald initiated coverage of Rigetti Computing with a rating of Overweight and set a new price target of $15.00
Craig Hallum initiated coverage of Rigetti Computing with a rating of Buy and set a new price target of $12.00
B. Riley Securities initiated coverage of Rigetti Computing with a rating of Buy and set a new price target of $3.00
Alliance Global Partners initiated coverage of Rigetti Computing with a rating of Buy and set a new price target of $3.50
The Benchmark Company upgraded Rigetti Computing from Hold to Buy and set a new price target of $4.00
The Benchmark Company downgraded Rigetti Computing from Buy to Hold
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BERKELEY, Calif., Jan. 09, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it is revising its roadmap and adjusting the date for general availability of its 108-qubit quantum computing system, Cepheus™-1-108Q. Cepheus-1-108Q is now expected to reach general availability around the end of the first quarter of 2026. "While we are making strong progress with Cepheus-1-108Q, we are taking more time to test and optimize the system to ensure the performance is up to our standards," says Rigetti CEO Dr. Subodh Kulkarni. "We have a clear understanding of what we need to do to ach
Military demand for faster, software-defined capabilities drives adoption of next-generation platforms Market News Updates News Commentary NEW YORK, Jan. 7, 2026 /PRNewswire/ -- QuantumSpeed technology represents a compelling investment opportunity tied directly to the modernization of global defense infrastructure and the premium placed on speed-driven decision advantage, leading to opportunity for active companies such as VisionWave Holdings Inc. (NASDAQ:VWAV), D-Wave Quantum Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), IonQ (NYSE:IONQ), Quantum Computing Inc. (NASDAQ:QUBT). Defense operations are rapidly shifting toward real-time, data-intensive environments where millisecon
BERKELEY, Calif., Jan. 05, 2026 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen will host one-on-one meetings, and that Dr. Kulkarni will participate in a fireside chat, at the 28th Annual Needham Growth Conference on Tuesday, January 13, 2026. Information for the event is as follows: Webcast registration link: https://wsw.com/webcast/needham148/rigg/2246727Presentation date: Tuesday, January 13, 2026Time: 12:45 PM ET Investors can view a live webcast of the event by visiting the "Events" section of Rigetti's Investor Relations
New York, NY, Nov. 25, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a one of the leading issuers of exchange-traded funds (ETFs), today announced the launch of two new additions to its growing YieldBOOST™ family offering investors new ways to access income opportunities from the fast-evolving quantum computing space. TickerFundUnderlying CompanyRGYYGraniteShares YieldBOOST™ RGTI ETFRigetti Computing, Inc. (NASDAQ:RGTI)QBYGraniteShares YieldBOOST™ QBTS ETFD-Wave Quantum Inc. (NYSE:QBTS) Both ETFs are designed to generate potential income by selling options on leveraged ETFs that track 2x daily leveraged price movement to their respective underlying companies. RGYY - YieldBOOST™ RGTI ETF is desi
New York, NY, Nov. 25, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a one of the leading issuer of exchange-traded funds (ETFs), today announced the launch of two new additions to its growing YieldBOOST™ family offering investors new ways to access income opportunities from the fast-evolving quantum computing space. TickerFundUnderlying CompanyRGYYGraniteShares YieldBOOST™ RGTI ETFRigetti Computing, Inc. (NASDAQ:RGTI)QBYYGraniteShares YieldBOOST™ QBTS ETFD-Wave Quantum Inc. (NYSE:QBTS) Both ETFs are designed to generate potential income by selling options on leveraged ETFs that track 2x daily leveraged price movement to their respective underlying companies. RGYY - YieldBOOST™ RGTI ETF is desi
BERKELEY, Calif., Nov. 10, 2025 (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, 2025. Third Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended September 30, 2025 were $1.9 millionOperating loss for the three months ended September 30 was $20.5 millionFor the three months ended September 30, 2025: GAAP net loss $201.0 million; non-GAAP net loss $10.7 millionFor the three months ended September 30, 2025: GAAP net loss per share $(0.62); non-GAAP net loss per share $(0.03)As of Septemb
BERKELEY, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, announced today that it is supporting NVIDIA NVQLink, NVIDIA's new open platform for integrating AI supercomputing with quantum computers. Rigetti is exhibiting its collaboration with NVIDIA NVQLink at the Quantum Computing Pavilion at NVIDIA GTC Washington, D.C. NVIDIA GTC attendees can also view a full-scale demonstration of a Rigetti quantum computer in NVIDIA's booth throughout the event. It is widely believed that utility-scale quantum computing will be realized through the tight integration of quantum computers
BERKELEY, Calif., Oct. 28, 2025 (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 2025 results on November 10, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations on November 11, 2025 at 8:30 am ET. Key details regarding the call are as follows: Call Date: Tuesday, November 11, 2025Call Time: 8:30 am ET / 5:30 am PTWebcast Link: https://edge.media-server.com/mmc/p/8so362do/ Live Call Participant Link: https://register-conf.media-server.com/register/BI9d07be37
MIAMI, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Short Rigetti Computing ETF (Ticker: RGTZ), further expanding its innovative lineup of single-stock leveraged ETFs. The newest addition, RGTZ, is designed for traders who seek magnified, short-term bearish exposure to Rigetti Computing (NASDAQ:RGTI). By seeking to deliver -200% of the daily percentage change in the share price of RGTI, the fund allows investors to express tactical downside views on one of the pioneers in quantum computing technology, packaged within the accessibility and transparency of an ETF. Investment Objective The Fund seeks daily inverse investme
BERKELEY, Calif., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, announced today that it has secured purchase orders totaling approximately $5.7 million for two 9-qubit Novera™ quantum computing systems. Both systems are upgradeable, allowing the customers to increase the system qubit count for more complex computations and research. Delivery for both systems is expected in the first half of 2026. One system is being purchased by an Asian technology manufacturing company. The system will serve as a testbed to develop internal quantum computing expertise. They also plan to benchmark
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Military demand for faster, software-defined capabilities drives adoption of next-generation platforms Market News Updates News Commentary NEW YORK, Jan. 7, 2026 /PRNewswire/ -- QuantumSpeed technology represents a compelling investment opportunity tied directly to the modernization of global defense infrastructure and the premium placed on speed-driven decision advantage, leading to opportunity for active companies such as VisionWave Holdings Inc. (NASDAQ:VWAV), D-Wave Quantum Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), IonQ (NYSE:IONQ), Quantum Computing Inc. (NASDAQ:QUBT). Defense operations are rapidly shifting toward real-time, data-intensive environments where millisecon
BERKELEY, Calif., Nov. 10, 2025 (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, 2025. Third Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended September 30, 2025 were $1.9 millionOperating loss for the three months ended September 30 was $20.5 millionFor the three months ended September 30, 2025: GAAP net loss $201.0 million; non-GAAP net loss $10.7 millionFor the three months ended September 30, 2025: GAAP net loss per share $(0.62); non-GAAP net loss per share $(0.03)As of Septemb
BERKELEY, Calif., Oct. 28, 2025 (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 2025 results on November 10, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations on November 11, 2025 at 8:30 am ET. Key details regarding the call are as follows: Call Date: Tuesday, November 11, 2025Call Time: 8:30 am ET / 5:30 am PTWebcast Link: https://edge.media-server.com/mmc/p/8so362do/ Live Call Participant Link: https://register-conf.media-server.com/register/BI9d07be37
BERKELEY, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2025 results on August 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Tuesday, August 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/8kvnrhub Live Call Participant Link: https://register-conf.media-server.com/register/BIf27dc41c4e0f41
BERKELEY, Calif., May 12, 2025 (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 first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended March 31, 2025 were $1.5 millionTotal operating expenses for the three months ended March 31, 2025 were $22.1 millionOperating loss for the three months ended March 31, 2025 was $21.6 millionNet income for the three months ended March 31, 2025 was $42.6 millionNet income for the three months ended March 31, 2025 includes $62.1 million of non-cash
BERKELEY, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release first quarter 2025 results on May 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Monday, May 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/5w8qggnn/ Live Call Participant Link: https://register-conf.media-server.com/register/BIa01e2c81dc8f4031
Issued on behalf of Scope Technologies Corp.USA News Group News Commentary VANCOUVER, BC, March 13, 2025 /PRNewswire/ -- We are marching towards a quantum computing reality faster than ever. In the latest groundbreaking achievement, scientists just unveiled Aurora, a quantum computer that operates at room temperature—one of the biggest leaps so far toward scalable quantum computing. But with great leaps, come even greater vulnerabilities, with what security experts have dubbed as "q-day", the day when quantum computing power gets into the hands of bad actors. Europol (a multinational EU security organization) already urgently imploring financial institutions and policymakers to prioritize th
BERKELEY, Calif., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release fourth quarter 2024 results on March 5, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows: Call Date: Wednesday, March 5, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/5jaikwa8/ Live Call Participant Link: https://register.vevent.com/register/BIc3642ee5e70e4bea9d3311a88c
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. Third Quarter 2024 Financial Highlights Total revenues for the three months ended September 30, 2024 were $2.4 millionTotal operating expenses for the three months ended September 30, 2024 were $18.6 millionOperating loss for the three months ended September 30, 2024 was $17.3 millionNet loss for the three months ended September 30, 2024 was $14.8 millionAs of Septembe
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. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 8:30 a.m. ET the same day. Key details regarding the call are as follows: Call Date: Tuesday, November 12, 2024Call Time: 8:30 a.m. ET / 5:30 a.m. PTWebcast Link: https://edge.media-server.com/mmc/p/aoxe8j5p/ Live Call Participant Link: https://register.vevent.com/register/BI66e8b07255734ee
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BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the Company is set to join the Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means
LONDON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it was awarded an Innovate UK grant as part of the Feasibility Studies in Quantum Computing Applications competition. Joining Rigetti in this work is HSBC, the Quantum Software Lab (QSL) based at the University of Edinburgh, and the National Quantum Computing Centre (NQCC). Together, the consortium aims to enhance existing anti-money laundering techniques by using quantum machine learning techniques with the goal of improving the performance of current-state-of
BERKELEY, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced that it has appointed Thomas J. Iannotti as Chairman of the Board of Directors, effective immediately. Mr. Iannotti succeeds Cathy McCarthy in the role of Chair, with Ms. McCarthy continuing to serve as a member of the Board of Directors. Mr. Iannotti currently serves as Chairman of the Board of Directors at Applied Materials, Inc., a role which he has held since 2017. Mr. Iannotti joins Rigetti with extensive leadership experience in the technology and computing industries, most recently serving as Se
Provides Updated Technology Roadmap;Appoints Jeffrey Bertelsen as CFO and Promotes David Rivas to CTO;Implements Workforce Reduction BERKELEY, Calif., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that its Board has approved an updated business strategy, including revisions to its technology roadmap. In connection with this updated strategy, the Company will transition to a newly appointed CFO and CTO and is implementing a workforce reduction in order to focus the organization and its resources on nearer-term strategic priorities. "Upon assuming my role as
BERKELEY, Calif., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that Dr. Subodh Kulkarni will join the Company as President and Chief Executive Officer, effective December 12, 2022. Dr. Kulkarni succeeds Dr. Chad Rigetti in the CEO role, and the Company expects that Dr. Kulkarni will be appointed to its board of directors following Dr. Rigetti's previously announced departure from the Company's board of directors on December 15, 2022. Following the appointment of Dr. Kulkarni, Mr. Rick Danis, who held the interim CEO role during the transition period, will resume
BERKELEY, Calif., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, announced today that the Company's Founder, Dr. Chad Rigetti, has provided to the Company his intention to tender resignation from his positions as the Company's President, Chief Executive Officer and Director on the Company's Board of Directors, with an anticipated effective date of December 15, 2022. As previously announced, the Company is conducting a search for Dr. Rigetti's successor. In the event the Company is unable to identify and appoint a successor before Dr. Rigetti's resignation date, it is anticipated that
BERKELEY, Calif., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing, today announced that the Company's Founder, Dr. Chad Rigetti, will be transitioning from his position as President and Chief Executive Officer to focus on advancing the Company's products and technology. As part of this next phase of growth, the Company will conduct a CEO search for Dr. Rigetti's successor, and Dr. Rigetti will continue to serve in his current role until a successor is identified and assumes the position. "Chad is a pioneer in the development and commercialization of quantum computers. His vision and leade
BERKELEY, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or "the Company") (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that Taryn Naidu, who had served as Chief Operating Officer, is no longer with the Company. Mr. Naidu's departure is not related to any matter regarding the Company's financial condition, reported financial results, internal controls or disclosure controls and procedures. The Company recently has made several key hires, deepening its expertise and leadership in finance, go-to-market, operations, security, and talent management, and does not have immediate plans to name a replacement Chief Operating
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