Rigetti Computing Inc
rigetti.comWhat Do They Do?
Provides quantum-computing development services, builds quantum computers, and offers cloud access to businesses, government agencies, and research organizations.
10-K for FY2025, filed Mar 4, 2026Currently, we generate the majority of our revenues from technology development contracts with various partners. We believe our longer-term…View ↗
Classical computers are plateauing, Moore’s law has slowed, returns for parallelization are diminishing and energy requirements can’t keep…View ↗
We have been deploying our quantum computers to end users over the cloud since 2017. We offer our full-stack quantum computing platform as…View ↗
We provide access on a commercial basis to our quantum computers over QCS, directly engaging with enterprises and government organizations…View ↗
Our partners and customers include commercial enterprises such as Amazon Web Services (“AWS”) Standard Chartered Bank and Moody’s, along…View ↗
How Do They Make Money?
Partners pay for development and professional services as work proceeds, through shared costs, or at project milestones. Customers buy quantum systems with sales generally tied to shipment, or access cloud systems through subscriptions or a set number of hours.
10-K for FY2025, filed Mar 4, 2026The Company generates revenue from sales of QPUs, quantum computing systems, custom computing components, QCaaS, development contracts and…View ↗
Revenue related to the sale of QPUs, quantum computing systems, including Novera™ and Cepheus™, and custom quantum computing components is…View ↗
Access to Rigetti quantum computing systems can be purchased as a quantum computing subscription, or on a usage basis for a specified…View ↗
$7.1M
-
10-K for FY2025, filed Mar 4, 2026
$7.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Collaborative research and professional services
Recurring
10-K for FY2025, filed Mar 4, 2026 |
94%
FY2022: 76%
|
Collaborative research and professional services, FY2025
$6.7M Sources
|
Recurring |
|
Access to quantum computing systems
Mix
|
5.8%
FY2022: 24%
|
Access to quantum computing systems, FY2025
$412K Sources
|
Mix |
Who Are Their Customers?
Enterprises and government organizations work directly with Rigetti on quantum-computing services and development. Academic and research organizations buy systems, while cloud providers such as Amazon and Microsoft sell access to their own customers.
10-K for FY2025, filed Mar 4, 2026We provide access on a commercial basis to our quantum computers over QCS, directly engaging with enterprises and government organizations…View ↗
There are a large and growing number of providers of classical computing services over the cloud. This creates an opportunity for us to…View ↗
The indirect distribution model is enabled by the same QCS platform used in the direct distribution model, allowing us to address the needs…View ↗
We began selling quantum computers to end users in 2023. In December 2023, we launched the Novera™ QPU, our first commercially available…View ↗
Our partners and customers include commercial enterprises such as Amazon Web Services (“AWS”) Standard Chartered Bank and Moody’s, along…View ↗
We are pursuing similar arrangements with customers in other important vertical market segments, like finance, where we are developing…View ↗
Do Revenues Turn Into Profits?
No. It lost $216.2M in FY2025.
10-K for FY2025, filed Mar 4, 2026
−$84.7MView ↗
10-K for FY2025, filed Mar 4, 2026
−$216.2MView ↗
10-K for FY2025, filed Mar 4, 2026
−$77.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$52.6MView ↗
- ▲ +33% (Loss)
- vs −$39.7M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
On-premises system sales
The earlier description focused on cloud access; the latest also describes selling on-premises quantum processing units and full computing systems.
10-K for FY2022, filed Mar 27, 2023 10-K for FY2025, filed Mar 4, 2026We have been deploying our quantum computers to end users over the cloud since 2017. We offer our full-stack quantum computing platform as…View ↗
We began selling quantum computers to end users in 2023. In December 2023, we launched the Novera™ QPU, our first commercially available…View ↗
Who Do They Compete With?
Competes with IBM, Google, Microsoft, IonQ, D-Wave, Quantinuum, PsiQuantum, and Amazon
10-K for FY2025, filed Mar 4, 2026Our current and prospective competitors include companies engaged in the research, development, and operation of quantum computing…View ↗
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