Rigetti Computing (NASDAQ: RGTI) is a promising young company that’s working to become a big player in the quantum computing market.
If it proves to be the real deal, the upside could be mammoth, given the need for faster and more efficient computing due to artificial intelligence
There’s seemingly never enough compute power, and Rigetti and other quantum companies look to be part of the solution. It could still be a long way before that becomes a reality, but the good news is Rigetti has been generating some revenue already. And in its most recent quarterly earnings report, its top line tripled, and it posted a profit.
Is this a sign the business is becoming a safer growth investment, despite the stock’s 25% decline this year? Rigetti’s revenue soars, but it’s nowhere near enough to cover its expenses During the first three months of 2026, Rigetti’s revenue totaled $4.4 million, which was a mammoth increase from the $1.5 million in revenue it generated in the same period last year. However, the challenge with quantum computing is that revenue can be lumpy, and demand isn’t yet very consistent.