RGTI Rigetti Computing, Inc. - Common stock
NASDAQ · Semiconductors · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026RGTI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About Rigetti Computing, Inc. - Common stock Company overview from Wikipedia
Rigetti Computing, Inc. is an American developer of superconducting quantum integrated circuits used for quantum computers. Rigetti, which is based in Berkeley, California, also develops a cloud platform called Forest that enables programmers to execute quantum algorithms.
History
Rigetti Computing was founded in 2013 by Chad Rigetti, a physicist with a background in quantum computers from IBM who studied under Michel Devoret. Chad Rigetti has authored more than 140 publications in the fields of quantum mechanics and quantum computing. Rigetti Computing received funding from startup incubator Y Combinator in 2014 as a so-called "spaceshot" company. Later that year, Rigetti also participated in The Alchemist Accelerator, a venture capital programme.
By February 2016, Rigetti created its first quantum processor, a three-qubit chip made using aluminum circuits on a silicon wafer. That same year, Rigetti raised Series A funding of US$24 million in a round led by Andreessen Horowitz. In November, the company secured Series B funding of $40 million in a round led by investment firm Vy Capital, along with additional funding from Andreessen Horowitz and other investors. Y Combinator also participated in both rounds.
By Spring of 2017, Rigetti had advanced to testing eight-qubit quantum computers. In June, the company announced the release of Forest 1.0, a quantum computing platform designed to enable developers to create quantum algorithms. This was a major milestone.
In October 2021, Rigetti announced plans to go public via a SPAC merger, with estimated valuation of around US$1.5 billion. This deal was expected to raise an additional US$458 million, bringing the total funding to US$658 million. The fund will be used to accelerate the company's growth, including scaling its quantum processors from 80 qubits to 1,000 qubits by 2024, and to 4,000 by 2026. The SPAC deal closed on 2 March 2022, and Rigetti began trading on the NASDAQ under the ticker symbol RGTI.
In December 2022, Subodh Kulkarni became president and CEO of the company.
In July 2023 Rigetti launched a single-chip 84 qubit quantum processor that it believes can scale to larger systems.
In October 2025, Rigetti was one of several quantum-computing companies reported to be involved in discussions with the Trump administration to secure federal funding in exchange for equity stakes.
In May 2026, Rigetti will receive up to $100 million in planned funding under the CHIPS and Science Act to address key technical challenges to develop and scale next generation superconducting quantum computing technologies and architectures, such as miniaturizing and integrating novel readout electronics and next generation cryostat architectures.
Products and technology
Rigetti Computing is a full-stack quantum computing company, a term that indicates that the company designs and fabricates quantum chips, integrates them with a controlling architecture, and develops software for programmers to use to build algorithms for the chips.
Forest cloud computing platform
The company hosts a cloud computing platform called Forest, which gives developers access to quantum processors so they can write quantum algorithms for testing purposes. The computing platform is based on a custom instruction language the company developed called Quil, which stands for Quantum Instruction Language. Quil facilitates hybrid quantum/classical computing, and programs can be built and executed using open source Python tools. As of June 2017, the platform allows coders to write quantum algorithms for a simulation of a quantum chip with 36 qubits.
Fab-1
The company operates a rapid prototyping fabrication ("fab") lab called Fab-1, designed to quickly create integrated circuits. Lab engineers design and generate experimental designs for 3D-integrated quantum circuits for qubit-based quantum hardware.
Recognition
The company was recognized in 2016 by X-Prize founder Peter Diamandis as being one of the three leaders in the quantum computing space, along with IBM and Google. MIT Technology Review named the company one of the 50 smartest companies of 2017.
Locations
Rigetti Computing is headquartered in Berkeley, California, where it hosts developmental systems and cooling equipment. The company also operates its Fab-1 manufacturing facility in nearby Fremont, California.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
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Profitability Gross, operating and net margins; ROE, ROA, ROIC
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Financial Health Debt, liquidity, solvency — balance sheet strength
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Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
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Capital Efficiency Asset turnover, inventory turnover, receivables turnover
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value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 10, 2026 | $-0.05 | $-0.05 | -1.0% |
| March 31, 2026 | May 18, 2026 | $-0.04 | $-0.04 | 4.1% |
| Dec. 31, 2025 | $-0.03 | $-0.03 | 9.6% | |
| Sept. 30, 2025 | $-0.03 | $-0.04 | 31.4% | |
| June 30, 2025 | $-0.06 | $-0.05 | -18.9% | |
| March 31, 2025 | $-0.08 | $-0.04 | -106.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
We don't have SEC filings for this ticker yet.
Per Share
| Metric | Trend | Q4 2026 |
|---|---|---|
| EPS (TTM) | $-0.92 |
Valuation (TTM)
| Metric | Trend | Q4 2026 |
|---|---|---|
| Revenue TTM | $13M | |
| Net Income TTM | $-239M | |
| P/E | -21.0 | |
| Earnings Yield | -4.8% |
Most recent period on the left · null values shown as ·
Institutional owners (13F) 558 filers · $4.9B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 117 (+20 vs prior Q) | 57 (-25 vs prior Q) | 220 (+55 vs prior Q) | 102 (-35 vs prior Q) | +7.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $796,749,853 | 35,970,648 | 16.16% | Shares |
| BlackRock, Inc. | $551,266,950 | 28,533,486 | 11.18% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $384,517,169 | 19,902,545 | 7.80% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $278,736,808 | 14,427,371 | 5.65% | Shares |
| STATE STREET CORP | $228,485,468 | 11,826,370 | 4.63% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $167,602,367 | 8,673,489 | 3.40% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $137,481,120 | 7,116,000 | 2.79% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $131,899,572 | 6,827,100 | 2.67% | Call option |
| UBS Group AG | $125,102,680 | 6,475,294 | 2.54% | Shares |
| D. E. Shaw & Co., Inc. | $103,633,813 | 5,364,069 | 2.10% | Shares |
| JANE STREET GROUP, LLC | $91,576,800 | 4,740,000 | 1.86% | Call option |
| MORGAN STANLEY | $91,343,425 | 4,727,920 | 1.85% | Shares |
| JANE STREET GROUP, LLC | $72,030,756 | 3,728,300 | 1.46% | Put option |
| UNICOM Systems, Inc. | $68,043,784 | 3,521,935 | 1.38% | Shares |
| CITADEL ADVISORS LLC | $67,276,104 | 3,482,200 | 1.36% | Put option |
| Defiance ETFs, LLC | $64,408,005 | 3,447,966 | 1.31% | Shares |
| CITADEL ADVISORS LLC | $59,323,992 | 3,070,600 | 1.20% | Call option |
| NORTHERN TRUST CORP | $59,254,614 | 3,067,009 | 1.20% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $54,923,649 | 2,842,839 | 1.11% | Shares |
| BANK OF AMERICA CORP /DE/ | $46,581,384 | 2,411,045 | 0.94% | Shares |
| GOLDMAN SACHS GROUP INC | $46,286,170 | 2,395,765 | 0.94% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $45,566,548 | 2,358,517 | 0.92% | Shares |
| Bank of New York Mellon Corp | $43,134,861 | 2,232,653 | 0.87% | Shares |
| Nuveen, LLC | $40,506,989 | 2,096,635 | 0.82% | Shares |
| PeakShares LLC | $38,640,000 | 2,000 | 0.78% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $37,708,911 | 1,951,807 | 0.76% | Shares |
| WOLVERINE TRADING, LLC | $37,329,350 | 1,259,000 | 0.76% | Call option |
| Clear Street Group Inc. | $36,679,658 | 1,898,533 | 0.74% | Shares |
| VAN ECK ASSOCIATES CORP | $36,523,533 | 1,890,452 | 0.74% | Shares |
| American Assets Investment Management, LLC | $31,680,936 | 1,639,800 | 0.64% | Shares |
| WOLVERINE TRADING, LLC | $28,461,035 | 959,900 | 0.58% | Put option |
| Clearbridge Investments, LLC | $27,630,532 | 1,430,152 | 0.56% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $25,845,678 | 1,337,768 | 0.52% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $24,362,271 | 1,260,998 | 0.49% | Shares |
| MILLENNIUM MANAGEMENT LLC | $24,187,809 | 1,251,957 | 0.49% | Shares |
| JPMORGAN CHASE & CO | $23,561,960 | 1,197,472 | 0.48% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $21,758,000 | 1,126,181 | 0.44% | Shares |
| Cubist Systematic Strategies, LLC | $21,039,469 | 706,259 | 0.43% | Shares |
| LPL Financial LLC | $19,678,235 | 1,018,542 | 0.40% | Shares |
| D. E. Shaw & Co., Inc. | $19,318,068 | 999,900 | 0.39% | Call option |
| JANE STREET GROUP, LLC | $18,624,558 | 964,004 | 0.38% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $18,090,338 | 936,341 | 0.37% | Shares |
| CANTOR FITZGERALD, L. P. | $17,388,000 | 900,000 | 0.35% | Put option |
| FMR LLC | $15,648,106 | 809,943 | 0.32% | Shares |
| Walleye Trading LLC | $13,647,648 | 706,400 | 0.28% | Put option |
| JENNISON ASSOCIATES LLC | $12,902,008 | 667,806 | 0.26% | Shares |
| Swiss National Bank | $12,876,780 | 666,500 | 0.26% | Shares |
| Parallax Volatility Advisers, L.P. | $12,751,200 | 660,000 | 0.26% | Put option |
| Mubadala Investment Co PJSC | $11,969,745 | 619,552 | 0.24% | Shares |
| WELLS FARGO & COMPANY/MN | $11,800,097 | 610,771 | 0.24% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Bessemer Venture Partners X Institutional L.P. (2), Bessemer Venture Partners X L.P. (2), Deer X & Co. L.P. (2), Deer X & Co. Ltd. (2) ×3 filings | Nov. 27, 2024 | · | Initial filing | · | SEC |
| Chad Rigetti ×3 filings | Jan. 12, 2023 | · | Initial filing | · | SEC |
| Supernova Partners II LLC ×2 filings | Sept. 2, 2022 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 18 insiders · 7 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Subodh K Kulkarni | President and CEO | May 28, 2026 M | 110,411 | 0 | 2 | $-2,620,054 |
| Jeffrey A. Bertelsen | CHIEF FINANCIAL OFFICER | May 22, 2026 S | 171,927 | 0 | 4 | $-256,858 |
| Brian J Sereda | Chief Financial Officer | Dec. 13, 2022 S | 989,341 | 0 | 0 | $0 |
| David Rivas | CHIEF TECHNOLOGY OFFICER | May 29, 2026 M | 325,945 | 0 | 5 | $-14,861,416 |
| Richard Danis | GENERAL COUNSEL & CORP. SEC. | Nov. 15, 2024 S | 1,036,023 | 0 | 0 | $0 |
| Mike Harburn | SVP, Fabrication Ops. Hardware | Dec. 13, 2022 S | 712,129 | 0 | 0 | $0 |
| Gregory John Peters | Chief Revenue Officer | Aug. 16, 2022 A | 350,000 | 0 | 0 | $0 |
| Alissa Fitzgerald | Director | June 9, 2026 A | 43,882 | 0 | 1 | $-1,329,272 |
| Michael S. Clifton | Director | June 9, 2026 A | 512,974 | 0 | 7 | $-7,506,215 |
| Ray O Johnson | Director | June 9, 2026 A | 180,481 | 0 | 2 | $-2,603,027 |
| Thomas J Iannotti | Director | June 9, 2026 A | 24,110 | 0 | 0 | $0 |
| Helene Gail Sandford | Director | Oct. 17, 2025 S | 120,371 | 0 | 1 | $-2,783,180 |
| Cathy L Mccarthy | Director | March 11, 2025 S | 234,234 | 0 | 0 | $0 |
| COWAN DAVID J/CA | Director | June 15, 2023 A | 181,257 | 0 | 0 | $0 |
| Chad Rigetti | Director | Dec. 13, 2022 S | 8,884,191 | 0 | 0 | $0 |
| Peter Pace | Director | June 10, 2022 A | 362,556 | 0 | 0 | $0 |
| Supernova Partners LLC | 10% owner | March 4, 2021 P | · | 0 | 0 | $0 |
| Supernova Partners II, LLC | · | Aug. 16, 2022 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 33 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PBD · Invesco Exchange-Traded Fund Trust … | 0.84% | 61,086 SH | Oct. 1, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.36% | 338,316 SH | Aug. 19, 2026 | Daily |
| IWO · iShares Trust | 0.31% | 2,970,232 SH | Sept. 11, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.21% | 12,501 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.20% | 1,929,794 SH | Aug. 19, 2026 | Daily |
| IWM · iShares Trust | 0.17% | 8,571,164 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.16% | 160,565 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.13% | 4,597,633 SH | Aug. 19, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.12% | 47,508 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.11% | 67,275 SH | Sept. 11, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 137,182 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.07% | 131,768 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 3,815,099 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.07% | 7,242,953 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.06% | 5,297,775 SH | Aug. 19, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.05% | 707,437 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.04% | 19,451 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.04% | 14,262 NS | July 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.02% | 156,232 SH | Sept. 11, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 16,739 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 24,170 SH | Sept. 30, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 16,601 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 10,017,839 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 272,785 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 27,384 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 73,952 SH | Aug. 19, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 439,080 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 86,906 SH | Sept. 11, 2026 | Daily |
| FTLS · First Trust Exchange-Traded Fund III | -0.26% | -436,927 NS | July 31, 2026 | N-PORT |
| IWN · iShares Trust | · | 186,942 SH | Sept. 11, 2026 | Daily |
| ISCB · iShares Trust | · | 14,040 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 22,423 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 133,048 SH | Sept. 11, 2026 | Daily |
RGTI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
12 analysts · 2026-10-01Mean target $28.52 +87.0%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RGTI | · | · | · | · | · | · |
| MXL | $1.51B | -11.0 | 29.7% | -29.2% | -29.1% | 56.8% |
| ALGM | $5.58B | -376.5 | 22.8% | -1.7% | -1.6% | 46.3% |
| SLAB | $4.35B | -66.6 | 34.3% | -8.3% | -6.0% | 58.2% |
| CRUS | $7.25B | 18.3 | 5.3% | 20.8% | 19.9% | 52.8% |
| PI | $5.26B | -470.3 | -1.4% | -3.0% | -5.5% | 52.5% |
| DIOD | $2.26B | 34.5 | 13.0% | 4.5% | 3.6% | 31.2% |
| SYNA | $4.73B | -9.6 | 11.4% | -41.0% | -42.4% | 44.7% |
| OLED | $5.52B | 23.0 | 0.45% | 37.2% | 13.9% | 76.3% |
| NVTS | · | -12.5 | -44.9% | · | · | · |
| PENG | $1.27B | 86.2 | 16.9% | 1.8% | 6.5% | 28.8% |
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