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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.

Direct verdict: RGTI vs QBTS

QBTS leads this data snapshot on 3 of the five headline market, financial, runway, return and dilution measures with comparable data. The better investment still depends on valuation, technology execution and risk tolerance.

QBTS is the larger company at $6.95B market cap, about 1.3× the size of RGTI ($5.46B).

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 (78mo vs 59mo).

They take different technical paths: RGTI reports 107 qubits (Physical Qubits (Superconducting, Modular Chiplet)), while QBTS reports 5,627 qubits (Physical Qubits (Quantum Annealing, Pegasus topology)) — raw counts are not directly comparable across modalities.

RGTI vs QBTS Performance (% return, all start at 0%)
2/263/274/285/276/267/28-50%-25%+0%+25%+50%
QBTS+1.2%RGTI-3.9%
MetricRGTIRigetti ComputingQBTSD-Wave Quantum
Market
Price$16.37$18.68
Market Cap$5.46B$6.95B
1Y Return+13.1%+24.4%
52W High$58.15$46.75
52W Low$12.53$12.75
Financials
Revenue (latest FY)$7.09M$24.59M
Revenue YoY-34.3%+178.5%
Net Income-$216.21M-$355.06M
Cash & Equivalents$393.71M$546.24M
Cash Runway78mo59mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)66121
Daily Short Vol %61.9%57.5%
Beta (1Y vs SPY)1.241.44
Government & Research
Federal Awards Total$12.10M$40.00K
Academic Citations44K
Patents
Quantum Technology
Physical Qubits1075,627
Qubit ModalityPhysical Qubits (Superconducting, Modular Chiplet)Physical Qubits (Quantum Annealing, Pegasus topology)
2Q Gate Fidelity99.1%
Cloud PlatformsAWS Braket, QCS (Direct API), Azure Quantum, qBraidD-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 (June 2026 Investor Day) — initial 17-qubit gate-model system 2026, 49 qubits 2027, 181 qubits 2028, 10 logical qubits 2030, 100 logical qubits executing 1M+ operations by 2032 via dual-rail qubits (Quantum Circuits acquisition)
Company
Founded20131999
HeadquartersBerkeley, CABurnaby, BC, Canada
Employees162382
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 QBTS FAQ

Is RGTI or QBTS the bigger company?

QBTS is larger, with a market cap of $6.95B versus $5.46B for RGTI.

Which has the longer cash runway, RGTI or QBTS?

RGTI's cash runway is 78mo and QBTS's is 59mo (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, Pegasus topology). Qubit counts are not directly comparable across different modalities.

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