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RGTI vs HQ: Which Quantum Stock Is Better?

Rigetti Computing (Superconducting) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.

Direct verdict: RGTI vs HQ

RGTI and HQ are tied across the available headline market, financial, runway, return and dilution measures. The better investment depends on valuation, technology execution and risk tolerance.

RGTI is the larger company at $5.46B market cap, about 5.2× the size of HQ ($1.05B).

RGTI reports more revenue ($7.09M vs $38.88K for HQ, latest fiscal year).

On cash runway — the metric that decides who needs to raise money first — HQ is stronger (86mo vs 78mo).

They take different technical paths: RGTI reports 107 qubits (Physical Qubits (Superconducting, Modular Chiplet)), while HQ reports its qubit count (Software-Defined (Hardware-Agnostic)) — raw counts are not directly comparable across modalities.

RGTI vs HQ Performance (% return, all start at 0%)
2/263/274/285/276/267/28-100%+0%+100%+200%+300%
HQ+102.3%RGTI-3.9%
MetricRGTIRigetti ComputingHQHorizon Quantum
Market
Price$16.37$19.44
Market Cap$5.46B$1.05B
1Y Return+13.1%
52W High$58.15$45.00
52W Low$12.53$8.29
Financials
Revenue (latest FY)$7.09M$38.88K
Revenue YoY-34.3%
Net Income-$216.21M-$17.94M
Cash & Equivalents$393.71M$113.25M
Cash Runway78mo86mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)663
Daily Short Vol %61.9%47.5%
Beta (1Y vs SPY)1.241.01
Government & Research
Federal Awards Total$12.10M
Academic Citations44K
Patents
Quantum Technology
Physical Qubits107
Qubit ModalityPhysical Qubits (Superconducting, Modular Chiplet)Software-Defined (Hardware-Agnostic)
2Q Gate Fidelity99.1%
Cloud PlatformsAWS Braket, QCS (Direct API), Azure Quantum, qBraidTriple Alpha IDE (own platform), Rigetti Novera QPU testbed (Singapore HQ)
Roadmap TargetLyra (336 qubits, late 2026 narrow advantage target); 1,000+ qubits by end of 2027; utility-scale ~2027–2029Triple Alpha testbed access for developers 2026; full-stack enterprise quantum application platform 2026–2027
Company
Founded20132018
HeadquartersBerkeley, CASingapore
Employees162
Company DNA0–100 rank vs all tracked stocks · missing data = 0
MomentumScaleRevenueRunwayGov $Research

Momentum = 1Y return · Scale = market cap · Runway capped at 36mo · Gov $ = federal awards · Research = citations + patents. Dollar axes use log scale.

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RGTI vs HQ FAQ

Is RGTI or HQ the bigger company?

RGTI is larger, with a market cap of $5.46B versus $1.05B for HQ.

Which has the longer cash runway, RGTI or HQ?

RGTI's cash runway is 78mo and HQ's is 86mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do RGTI and HQ use?

Rigetti Computing (RGTI): Physical Qubits (Superconducting, Modular Chiplet). Horizon Quantum (HQ): Software-Defined (Hardware-Agnostic). Qubit counts are not directly comparable across different modalities.

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