Is Rigetti Computing a Buy?
Rigetti Computing's revenue shrank year over year in 2025's fourth quarter to $1.9 million, and the company failed to advance to the second stage of DARPA's Quantum Benchmarking Initiative. The company's quantum computing technology appears to be behind its peers, including IonQ, IBM, and Google.
Rigetti Computing is struggling in the quantum computing space. The company's revenue declined to $1.9 million in Q4 2025 from $2.3 million in Q4 2024. In contrast, rival IonQ reported revenue of $61.9 million in Q4, a 429% year-over-year increase. Rigetti failed to advance to the second stage of DARPA's Quantum Benchmarking Initiative, a public/private collaboration to fast-track quantum computing technology. The company is working on changes to advance to the next stage. Rigetti's approach to quantum computing using superconducting qubits puts it in direct competition with well-funded companies like IBM and Google. As a result, the company's prospects appear uncertain.
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