What is Rigetti Computing?
Rigetti Computing, Inc. (NASDAQ: RGTI) is a full-stack quantum computing company. It builds and operates quantum computers and offers access to them through its cloud platform. CNN describes Rigetti as providing full-stack quantum computing services to global enterprise, government, and research clients through Rigetti Quantum Cloud Services. WallStreetZen notes that the company develops and manufactures both quantum computers and the superconducting quantum processors that enable their operation.
Rigetti was founded by Chad Rigetti in 2013 and is headquartered in Berkeley, California, according to MEXC. The company’s shares trade under the ticker RGTI on NASDAQ.
What Rigetti does
Rigetti is a full-stack quantum computing company: it develops the processors, builds the systems, and provides access through the cloud. StockAnalysis says it offers quantum processing units and quantum computing systems as a service through the cloud. The company serves global enterprise, government, and research clients through Rigetti Quantum Cloud Services, according to CNN.
Current price and valuation
At the close on August 28, 2026, RGTI traded at $15.59, down $0.85 (-5.17%) on the day, according to Yahoo Finance. CNBC showed an after-hours price of $15.67. The stock’s market capitalization was about $5.2 billion, and its 52-week range was $12.53 to $58.15, based on StockAnalysis, MarketWatch, and Robinhood. StockAnalysis also lists 333.77 million shares outstanding.
Financial snapshot
Rigetti’s trailing-twelve-month revenue was $13.35 million, according to StockAnalysis. The same source reports net income of -$238.67 million and EPS of -$0.80. StockAnalysis also gives RGTI a beta of 2.02.
Because net income is negative, the company is not currently profitable. Simply Wall St goes further, saying Rigetti is currently unprofitable and is not forecast to become profitable over the next three years.
RGTI at a glance
| Metric | Value |
|---|---|
| Close (August 28, 2026) | $15.59 |
| After-hours quote | $15.67 |
| Market cap | About $5.2 billion |
| 52-week range | $12.53 – $58.15 |
| Shares outstanding | 333.77 million |
| Revenue (ttm) | $13.35 million |
| Net income (ttm) | -$238.67 million |
| EPS (ttm) | -$0.80 |
| Beta | 2.02 |
| Analyst consensus | Buy |
| Average price target | $28.81 |
| Next earnings date | November 16, 2026 |
Analyst consensus and upcoming earnings
StockAnalysis’s analyst consensus for RGTI is Buy, with an average 12-month price target of $28.81. CNN Markets lists the next earnings date as November 16, 2026.
The Buy rating and price target reflect analysts’ current view of Rigetti’s prospects. Price targets are estimates and can be revised as new information arrives.
What this data tells you
The market capitalization of about $5.2 billion sits alongside trailing revenue of $13.35 million and net income of -$238.67 million. That combination means investors are valuing Rigetti on expectations for future growth rather than on current profitability.
The 52-week range of $12.53 to $58.15 shows the highest and lowest traded prices over the past year. A beta of 2.02 is a common measure of volatility, and RGTI’s beta indicates the stock has historically been more volatile than the broader market.
Understanding the numbers
Rigetti’s market capitalization was about $5.2 billion on trailing revenue of $13.35 million, and net income was -$238.67 million. The net loss means expenses exceeded revenue during the period. EPS was -$0.80.
The average analyst price target of $28.81 is above the August 28, 2026 close of $15.59. That target is an average of analyst estimates and can change.
Risks to weigh
- The company is not profitable; trailing net income was -$238.67 million.
- Revenue of $13.35 million compared with a market capitalization of about $5.2 billion means the valuation depends on expectations for future growth.
- The 52-week range of $12.53 to $58.15 shows the shares have traded across a wide band.
- Simply Wall St does not forecast profitability over the next three years.
Bottom line
Rigetti Computing is a full-stack quantum computing company whose stock traded at $15.59 as of the August 28, 2026 close. The company is not yet profitable, and its next earnings date is November 16, 2026. Analysts on StockAnalysis currently rate the stock Buy with a $28.81 average price target, but all market data can change.
Use the cited quote and analysis pages to check the latest price, market cap, financials, and analyst views before making any decisions.