Full-Time
Cloud-based quantum computing platform provider
$30 - $50/hr
Berkeley, CA, USA
Hybrid
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Rigetti Computing provides access to quantum computing resources through a cloud platform. It builds quantum processors called quantum processing units (QPUs) that use superconducting qubits to run quantum algorithms remotely. Customers, including researchers, government clients, and businesses, can subscribe to the service to run simulations and algorithms without buying hardware, with some projects combining quantum and classical AI to improve tasks like weather forecasting. What sets Rigetti apart is its emphasis on a cloud-based, subscription model and its work on hybrid quantum-classical machine learning, aiming to make quantum computing practical for real-world problems rather than selling standalone hardware. The company’s goal is to broaden access to quantum computing and apply it to complex challenges such as optimization, drug discovery, and advanced modeling.
Company Size
51-200
Company Stage
IPO
Headquarters
Berkeley, California
Founded
2013
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401k
Equity grant
Medical, dental & vision
Performance-based bonuses
Flexible PTO
Fitness reimbursement
Parental leave
FSA & commuter benefits
EAP
Flexible work schedule
Rigetti Computing's Chief Financial Officer Jeffrey A. Bertelsen sold 25,000 shares of common stock on 3 September 2026, according to an SEC Form 4 filing. The transaction was worth $2.6 million. The sale was executed through a Rule 10b5-1 trading plan adopted on 4 June 2026, which allows automated option exercise and same-day sale of stock. Following the transaction, Bertelsen retains direct ownership of 168,067 shares and holds 256,250 direct derivative securities. Shares of the Berkeley-based quantum computing company closed at $15.20 on 4 September 2026. The company has a market capitalisation of $5.1 billion. Rigetti develops full-stack quantum computing systems and delivers them through its Quantum Cloud Services platform. The company reported revenue of $13.4 million and a net loss of $238.7 million over the trailing twelve months.
IonQ reported second-quarter revenue of $80.1 million, up 287% year-over-year, and raised its full-year guidance to $280 million-$290 million from $260 million-$270 million. The company's remaining performance obligations grew 297% to $485 million. Quantum computing stocks have declined more sharply than the broader tech sector during sell-offs in 2025, falling harder than the Nasdaq-100 on 17 of 23 trading days when tech dropped at least 1.5%. The sector faces valuation concerns, with IonQ trading at significantly higher multiples than comparable unprofitable software companies like C3.ai and BigBear.ai, which trade at 6.9 times and 10.1 times forward sales respectively. September historically sees average market declines of 1.16%, though upcoming events including the jobs report and Federal Reserve meeting could increase volatility.
IonQ shifts to vertical integration with SkyWater Technology acquisition. The $1.8 billion deal gives IonQ in-house semiconductor fabrication as it races toward fault-tolerant quantum computing by 2028 an hour ago Sponsored: CryptoSlots - Cryptoslots Play now! IonQ just closed its biggest bet yet. The quantum computing company finalized its $1.8 billion acquisition of SkyWater Technology on July 31, wrapping up a deal first announced back in January. The result is a vertically integrated quantum platform that brings semiconductor design, fabrication, and advanced packaging under one roof. What IonQ is buying and what it's paying. SkyWater Technology is a pure-play semiconductor foundry, the kind of company that makes chips for other people rather than designing its own products. It generated approximately $442 million in revenue in 2025, with quantum-related services growing 30% during that period. Under the deal terms, SkyWater shareholders received $15 in cash plus 0.4883 IonQ shares for each share they held. That works out to roughly $741 million in cash and about 24 million newly issued IonQ shares. The share dilution for existing IonQ investors is projected between 6% and 11.7%. IonQ's cash position after the transaction sits at around $2.0 billion. SkyWater will operate as a wholly owned subsidiary, keeping its name and current CEO Thomas Sonderman at the helm. It will continue serving its existing, non-IonQ customer base while also dedicating resources to IonQ's quantum hardware ambitions. The quantum roadmap this accelerates. IonQ expects this acquisition to speed up functional testing of its 200,000-physical-qubit quantum processing units, with a target date of 2028 for that milestone. IonQ is also targeting 8,000 logical qubits by 2028, and has sketched out a 2,000,000-qubit architecture. Having in-house fabrication is expected to help optimize wafer iteration cycles and co-locate cryogenic testing. Revenue trajectory and financial picture. The combined entity is targeting approximately $800 million in annual run-rate revenue. IonQ posted Q2 2026 revenue of $80.05 million, representing a 287% increase year-over-year. SkyWater's $442 million in 2025 revenue provides a stable, diversified revenue base from its non-quantum customers. IonQ's cash position of $2.0 billion post-deal provides additional runway for R&D spending. What this means for the quantum landscape. Rivals like Rigetti Computing and Quantinuum still rely on external manufacturing partners for key components. The 6-11.7% dilution means existing shareholders are betting that the combined entity's growth will more than offset the reduction in their ownership stake. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.
Rigetti RGTI and QBTS stock rebounds, but $20 resistance remains a major barrier. - Last updated: Tuesday, August 25, 2026 Rigetti and D-Wave Quantum stocks are rebounding after last week's sector-wide selloff, but both remain below the crucial $20 level as weak market sentiment and limited commercial revenue continue to challenge the bullish case. Rigetti and D-Wave stocks attempt a recovery. The quantum-computing sector is showing signs of recovery after last week's sharp retreat, with Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) rebounding by around 4% on Tuesday. The bounce offers some relief after investors reduced exposure to high-growth technology stocks, but neither company has yet broken through the important $20 resistance area. That level could become a major technical test. A sustained move above $20 could improve the outlook and signal that buyers are regaining control. Failure to break higher, however, could leave both stocks vulnerable to another reversal. Rigetti reshuffles leadership to improve execution. Rigetti announced a leadership restructuring aimed at improving customer deployment and accelerating the development of next-generation quantum processors. Former Chief Technology Officer David Rivas will become Chief Operating Officer, taking responsibility for systems delivery, fabrication operations, software, supply chains and government programs. Meanwhile, Andrew Bestwick, previously head of Rigetti's Quantum Systems group, will assume the role of Chief Technology Officer. He will focus on hardware engineering, chip fabrication and the development of future processor architectures. The restructuring also creates a dedicated Systems Delivery organization, separating customer installations from longer-term engineering and research work. The changes could improve execution, particularly as Rigetti attempts to move from technological development toward broader commercial deployment. Strong cash position provides support. Rigetti recently reported second-quarter revenue of $5.1 million and held approximately $541.3 million in cash, cash equivalents and available-for-sale investments at the end of June. The substantial cash position gives the company flexibility to continue investing in its Novera and Cepheus processor architectures without immediate pressure to raise additional capital. However, the modest revenue base remains difficult to ignore. Quantum computing is still an early-stage industry, and investors are waiting for stronger evidence that commercial deployments can eventually produce sustainable revenue growth and profitability. The downtrend is back on. Shares of D-Wave Quantum were on a downward trajectory until October but reversed back then and fall below $13 in late March. However FX Leaders saw a rebound off the 100 SMA in green in April which revived again in May. QBTS chart weekly - The 50 SMA turns into resistance. After a brief recovery above $30, the stock came once again come under pressure in June, continuing the downtrend that has seen it decline nearly 75% from its October peak and is falling low $16 lows last week. But the 100 SMA held as support again and FX Leaders has seen a rebound to $20. Meanwhile the RGTI stock couldn't climb above $30 and also reversed down in June, slipping below the 50 SMA, and tested the 100 weekly SMA at $13 lows and climbed above $16 again. RGTI chart weekly - testing the 200 SMA. Semiconductor weakness remains a threat. The latest quantum rebound is also occurring against a fragile backdrop for technology stocks. Recent weakness across semiconductor markets pushed major Asian equity indices lower and spread pressure through memory manufacturers, infrastructure companies and other high-growth technology names. Quantum stocks are particularly vulnerable during these periods because they are often viewed as speculative growth investments. When investors become more risk-averse, companies with high valuations and limited current revenue can experience much larger price swings. Valuations still depend on future growth. The biggest challenge for both Rigetti and D-Wave remains the disconnect between their market valuations and current commercial revenue. D-Wave delivered impressive revenue growth of 179% during 2025, but annual revenue remained around $25 million. Rigetti faces a similar challenge, despite continued technological progress and partnerships, including its collaboration with HPE and the Pittsburgh Supercomputing Center. For now, the rebound is encouraging, but the path higher remains uncertain. Investors will likely want to see RGTI and QBTS break above $20 while delivering stronger commercial revenue before concluding that the broader quantum stock recovery has turned decisively bullish. 10 best Forex brokers. | / | MIN DEPOSIT $100 | Visit Now | | / | MIN DEPOSIT $0 | Visit Now | | / | MIN DEPOSIT $100 | Visit Now | | / | MIN DEPOSIT $250 | Visit Now | | / | MIN DEPOSIT $0 | Visit Now | | / | MIN DEPOSIT $2,000 | Visit Now | | / | MIN DEPOSIT $0 | Visit Now | Skerdian Meta Lead Analyst Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming its head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
Reddit reported $2.2 billion revenue in 2025, up 69.4% year-over-year, whilst achieving net income of $529.7 million with a 24.1% profit margin. The social media platform generates revenue through digital advertising and licensing data to companies like Alphabet for AI training. Its top ten advertisers accounted for approximately 21% of revenue in 2025. Rigetti Computing develops superconducting quantum processors delivered through cloud services, primarily serving government and research clients. Government contracts represented approximately 90% of total revenue in 2025. The company is developing a 108-qubit system for international partners. Reddit maintains zero debt and an 11.6x current ratio, with $684.2 million free cash flow in 2025. However, stock-based compensation represented 49.7% of operating cash flow. Both companies face customer concentration risks in their respective sectors.