Rigetti Computing, Inc.

RGTI Nasdaq Technology · Services-Computer Programming Services Berkeley, CA www.rigetti.com/
$15.18
Mkt Cap 5.07B

Builder and operator of superconducting quantum computers, aiming to solve computational problems beyond the reach of classical computers.

From the annual report

Our mission is to build the world’s most powerful computers to help solve humanity’s most important and pressing problems. Our strategy is to be at the forefront of superconducting quantum computing. Classical computers are plateauing, Moore’s law has slowed, returns for parallelization are diminishing and energy requirements can’t keep up. Today, many of the world’s most important computational challenges remain intractable, lying beyond the capabilities of traditional supercomputers and cloud infrastructure. We build and operate quantum computers. We believe quantum computing represents one of the most transformative emerging capabilities in the world today. By leveraging quantum mechanics, our quantum computers process information in fundamentally new, more powerful ways compared to classical computing with meaningful power efficiency. When scaled, we believe these systems are poised to solve problems of staggering computational complexity at unprecedented speed. The availability of scalable quantum computers is expected to enable scientists and engineers to address problems in areas like climate change, fusion energy, quantitative finance, drug development and discovery, materials science, and artificial intelligence ( AI ). Our quantum computers are based on superconducting qubits, which we believe is the leading quantum computing modality based on their fast gate speeds and defined pathway to scaling.

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REVENUE TTM
$13.4M
FCF TTM
-$87.6M
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