Rigetti Computing Q3 Revenue Falls 18% as Operating Losses Hit $20.5 Billion
Rigetti Computing's revenue fell 18% year-over-year to $1.95 billion in Q3 while operating losses widened to $20.5 billion. The stock trades at a sky-high 843x price-to-sales ratio versus the S&P 500 average of 3.4, and shares remain down 60% from their $56 October peak.
1. Rigetti Leadership to Engage Investors at Needham Growth Conference
Rigetti Computing today confirmed that CEO Dr. Subodh Kulkarni and CFO Jeff Bertelsen will host a series of one‐on‐one investor meetings and that Dr. Kulkarni will deliver a fireside chat at the 28th Annual Needham Growth Conference on January 13, 2026 at 12:45 PM ET. The Company has arranged a live webcast through its Investor Relations site, with registration available via https://wsw.com/webcast/needham148/rigg/2246727. A replay will remain accessible for 90 days following the event, offering investors convenient access to management’s insights on the firm’s strategic roadmap and near‐term milestones.
2. Deepening Quantum Footprint through Full-Stack and In-House Manufacturing
Rigetti remains a pioneer in full-stack quantum‐classical computing, servicing global enterprise, government and research clients via its Rigetti Quantum Cloud Services platform since 2017. In addition to cloud offerings, the Company has delivered on-premises systems ranging from 24-qubit to 84-qubit architectures to national laboratories and computing centers. In 2023, Rigetti unveiled its 9-qubit Novera QPU optimized for high-performance R&D integration with existing cryogenic and control systems. All quantum processors and multi-chip architectures are designed and fabricated at Fab-1, Rigetti’s dedicated in-house facility in Fremont, California, positioning the Company to scale production and capture potential contract manufacturing opportunities in a geopolitically sensitive market.