The equity of RigettiTechnology Inc. has been decreasing very significantly since at a point in the history, you see that the value of its equity was at a high position of about $58 but currently, it is around the point of about $17.42 as of February 28, 2026.
It is a decline of more than 70%, which was mostly due to the snarl up in the deployment of its flagship 108-qubit Cepheus device and delays in its key governmental purchases procedures.
The market capital worth making about $6.2 billion, the market players are still disputing the worth of the company. Is it a deal to early stage quantum companies or possible value trap in an industry with rosy hopes?
Financial Buffer
Even though the near-term outlook is worsening, Rigetti has a strong position in liquidity and has more than $600 million by early 2026. Rigetti is a pure-play wager for optimists on the quantum computing market’s exponential growth, which is expected to reach $20.2 billion by 2030 at a 41.8% CAGR.
Five‑Year Outlook
Rigetti reported a non-GAAP net loss of approximately $10.7 million, or $0.03 per share, in Q3 2025 and an operating loss in the low tens of millions (operating loss of approximately $20.5 million reported for Q3 2025)
Optimistic vision predicts revenues greater than $100 million by 2031, with fast-track to do so based on the acquisition of big contracts, but bearish outlooks caution of possible liquidity constraints, should further delays become a reality.
Investors with a long investment horizon and a high risk tolerance are the best candidates for Rigetti Computing, which is still a very speculative venture. Although the company is a pure-play wager on a game-changing technology, the road to commercialization is lengthy, costly, and full of risks related to execution.
The current valuation necessitates a leap of faith in future performance rather than present performance, even though the $600 million cash runway offers an essential buffer.
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