Quantum Market Cap

RGTI vs QBTS: Which Quantum Stock Is Better?

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

QBTS is the larger company at $8.88B market cap, about 1.4× the size of RGTI ($6.21B).

QBTS reports more revenue ($24.59M vs $7.09M for RGTI, latest fiscal year).

On cash runway — the metric that decides who needs to raise money first — RGTI is stronger (82mo vs 72mo).

They take different technical paths: RGTI reports 108 qubits (Physical Qubits (Superconducting, Modular Chiplet)), while QBTS reports 4,400 qubits (Physical Qubits (Quantum Annealing, Zephyr topology)) — raw counts are not directly comparable across modalities.

MetricRGTIRigetti ComputingQBTSD-Wave Quantum
Market
Price$18.68$23.99
Market Cap$6.21B$8.88B
1Y Return+64.9%+61.9%
52W High$58.15$46.75
52W Low$11.23$12.75
Financials
Revenue (latest FY)$7.09M$24.59M
Revenue YoY-34.3%+178.5%
Net Income$-216,210,000$-355,062,000
Cash & Equivalents$418.25M$588.40M
Cash Runway82mo72mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)66121
Daily Short Vol %58.7%59.3%
Beta (1Y vs SPY)0.891.19
Government & Research
Federal Awards Total$8.87M$40.0K
Academic Citations43K—
Patents——
Quantum Technology
Physical Qubits1084,400
Qubit ModalityPhysical Qubits (Superconducting, Modular Chiplet)Physical Qubits (Quantum Annealing, Zephyr topology)
2Q Gate Fidelity99.1%—
Cloud PlatformsAWS Braket, QCS (Direct API), Azure Quantum (planned)D-Wave Leap (Direct)
Roadmap TargetLyra (336 qubits, late 2026 narrow advantage target); 1,000+ qubits by end of 2027; utility-scale ~2027–2029Dual-platform: annealing utility today + gate-model roadmap (Feb 2026) — initial 17-qubit gate-model system 2026, 181 qubits 2028, 10 logical qubits 2030, 100 logical qubits 2032 via dual-rail qubits (Quantum Circuits acquisition)
Company
Founded20131999
HeadquartersBerkeley, CABurnaby, BC, Canada
Employees——

RGTI vs QBTS FAQ

Is RGTI or QBTS the bigger company?

QBTS is larger, with a market cap of $8.88B versus $6.21B for RGTI.

Which has the longer cash runway, RGTI or QBTS?

RGTI's cash runway is 82mo and QBTS's is 72mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do RGTI and QBTS use?

Rigetti Computing (RGTI): Physical Qubits (Superconducting, Modular Chiplet). D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Zephyr topology). Qubit counts are not directly comparable across different modalities.

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