Rigetti Computing (RGTI 3.97%), a developer of quantum computing systems, set a record high of $56.34 per share last October. At the time, investors were willing to pay a premium for Rigetti's early mover's advantage in the nascent quantum computing market. But today, Rigetti's stock trades at about $16. It pulled back as it grappled with tough competition, steep losses, and macro headwinds that deflated its valuation. Will it bounce back over the next 12 months, or will it sink even lower? How fast is Rigetti Computing growing? Quantum systems can perform certain computing tasks much faster than classical computers, but they're larger, pricier, and more power-hungry. They're also generally less accurate. But over the next few years, quantum companies like Rigetti could address those issues with smaller, cheaper, and more scalable systems that achieve higher error detection rates. NASDAQ: RGTI Key Data Points Rigetti produces modular and non-modular quantum processing units (QPUs), installs them in its own systems, and provides remote access to those systems via its cloud-based Quantum Computing Services (QCS) platform. The company directly sells its Novera QPUs -- which are stand-alone, non-modular systems with nine qubits of processing power -- to government agencies and research institutions. It also operates more powerful non-modular (Ankaa) and modular (Cepheus) systems, but they mainly support its QCS platform. Over the past few years, Rigetti's revenue growth has been lumpy with widening net losses. That's because its growth was driven by an uneven mix of government and research contracts, occasional Novera shipments, and occasional use of its QCS platform rather than predictable, recurring revenues. It also remains deeply unprofitable. | Metric | 2022 | 2023 | 2024 | 2025 | |---|---|---|---|---| | Revenue | $13.1 million | $12.0 million | $10.8 million | $7.1 million | | Net Loss | ($71.5