Key Facts about Rigetti Computing
Rigetti Computing (NASDAQ: RGTI) has significantly expanded the availability of its flagship Cepheus-1-108Q quantum computer, now accessible via its own cloud platform and major third-party services like Amazon Braket and Microsoft Azure Quantum. The Cepheus-1-108Q features 108 qubits, offering triple the scale of its predecessor and a single-qubit gate fidelity of 99.9%, though it still faces practical limitations due to a two-qubit fidelity of only 99.1%.
In Q1 2026, Rigetti’s revenue surged to $4.4 million, marking a 198% increase year-over-year. However, the company confronts mounting losses, reporting $20.5 million in net loss amidst operating expenses of $27.3 million. With $569 million in cash reserves, Rigetti can sustain its operations, but its current price-to-sales ratio of 574 presents challenges for future investment viability, as a downward adjustment could be necessary to align with industry standards.
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