Quantum Market Cap

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.

RGTI is the larger company at $6.21B market cap, about 4.3× the size of HQ ($1.43B).

On cash runway — the metric that decides who needs to raise money first — HQ is stronger (91mo vs 82mo).

They take different technical paths: RGTI reports 108 qubits (Physical Qubits (Superconducting, Modular Chiplet)), while HQ reports its qubit count (Software-Defined (Hardware-Agnostic)) — raw counts are not directly comparable across modalities.

MetricRGTIRigetti ComputingHQHorizon Quantum
Market
Price$18.68$27.76
Market Cap$6.21B$1.43B
1Y Return+64.9%
52W High$58.15$45.00
52W Low$11.23$8.29
Financials
Revenue (latest FY)$7.09M
Revenue YoY-34.3%
Net Income$-216,210,000
Cash & Equivalents$418.25M$96.60M
Cash Runway82mo91mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)663
Daily Short Vol %58.7%63.5%
Beta (1Y vs SPY)0.890.71
Government & Research
Federal Awards Total$8.87M
Academic Citations43K
Patents
Quantum Technology
Physical Qubits108
Qubit ModalityPhysical Qubits (Superconducting, Modular Chiplet)Software-Defined (Hardware-Agnostic)
2Q Gate Fidelity99.1%
Cloud PlatformsAWS Braket, QCS (Direct API), Azure Quantum (planned)Triple 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
Employees

RGTI vs HQ FAQ

Is RGTI or HQ the bigger company?

RGTI is larger, with a market cap of $6.21B versus $1.43B for HQ.

Which has the longer cash runway, RGTI or HQ?

RGTI's cash runway is 82mo and HQ's is 91mo (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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