Rigetti Computing [RGTI] vs D-Wave Quantum [QBTS] Detailed Stock Comparison

Rigetti Computing Inc.

NASDAQ
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D-Wave Quantum Inc.

NYSE
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TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Rigetti Computing Inc. wins in 7 metrics, D-Wave Quantum Inc. wins in 12 metrics, with 0 ties. D-Wave Quantum Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Rigetti Computing Inc. D-Wave Quantum Inc. Better
P/E Ratio (TTM) -26.11 -17.39 D-Wave Quantum Inc.
Price-to-Book Ratio 11.07 8.94 D-Wave Quantum Inc.
Debt-to-Equity Ratio 1.31 5.10 Rigetti Computing Inc.
PEG Ratio 0.29 0.26 D-Wave Quantum Inc.
EV/EBITDA -79.58 -71.01 D-Wave Quantum Inc.
Profit Margin (TTM) 29.12% 82.59% D-Wave Quantum Inc.
Operating Margin (TTM) -1,209.69% -1,265.95% Rigetti Computing Inc.
Return on Equity -64.27% -77.62% Rigetti Computing Inc.
Return on Assets (TTM) -11.12% -11.24% Rigetti Computing Inc.
Free Cash Flow (TTM) $-77.22M $-76.29M D-Wave Quantum Inc.
1-Year Return 110.90% 84.57% Rigetti Computing Inc.
Price-to-Sales Ratio (TTM) 855.21 319.56 D-Wave Quantum Inc.
Enterprise Value $6.09B $7.02B D-Wave Quantum Inc.
EV/Revenue Ratio 858.79 285.35 D-Wave Quantum Inc.
Gross Profit Margin (TTM) 34.90% 64.83% D-Wave Quantum Inc.
Revenue per Share (TTM) $0 $0 D-Wave Quantum Inc.
Earnings per Share (Diluted) $-0.70 $-1.11 Rigetti Computing Inc.
Beta (Stock Volatility) 1.83 1.77 D-Wave Quantum Inc.
Short % of Float 14.88% 16.41% Rigetti Computing Inc.

Rigetti Computing Inc. vs D-Wave Quantum Inc. Stock Performance Analysis

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RGTI
QBTS

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Rigetti Computing Inc.-10.36%7.22%51.86%51.95%12.56%13.90%
D-Wave Quantum Inc.-7.89%7.51%42.97%57.92%32.93%6.33%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Rigetti Computing Inc.110.90%2,802.27%159.03%157.72%157.72%157.72%
D-Wave Quantum Inc.84.57%1,869.93%205.37%196.95%196.95%196.95%

Performance & Financial Health Analysis: Rigetti Computing Inc. vs D-Wave Quantum Inc.

MetricRGTIQBTS
Market Information
Market Cap i$6.07B$7.14B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i35,524,89943,692,144
90 Day Avg. Volume i28,035,61628,171,351
Last Close$24.09$27.55
52 Week Range$10.30 - $58.15$12.75 - $46.75
% from 52W High-58.56%-41.07%
All-Time High$57.96 (Oct 15, 2025)$46.75 (Oct 15, 2025)
% from All-Time High-58.44%-41.07%
Growth Metrics
Quarterly Revenue Growth-0.18%0.19%
Quarterly Earnings Growth-0.18%0.19%
Financial Health
Profit Margin (TTM) i0.29%0.83%
Operating Margin (TTM) i-12.10%-12.66%
Return on Equity (TTM) i-0.64%-0.78%
Debt to Equity (MRQ) i1.315.10
Cash & Liquidity
Book Value per Share (MRQ)$1.65$2.38
Cash per Share (MRQ)$1.34$2.39
Operating Cash Flow (TTM) i$-58,543,000$-71,982,000
Levered Free Cash Flow (TTM) i$-42,190,500$-57,992,124
Dividends
Last 12-Month Dividend Yield iN/AN/A
Last 12-Month Dividend iN/AN/A

Valuation & Enterprise Metrics Analysis: Rigetti Computing Inc. vs D-Wave Quantum Inc.

MetricRGTI (Apr 21, 2026)QBTS (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i-26.11-17.39
Forward P/E i-100.77-57.41
PEG Ratio i0.290.26
Price to Sales (TTM) i855.21319.56
Price to Book (MRQ) i11.078.94
Market Capitalization
Market Capitalization i$6.07B$7.14B
Enterprise Value i$6.09B$7.02B
Enterprise Value Metrics
Enterprise to Revenue i858.79285.35
Enterprise to EBITDA i-79.58-71.01
Risk & Other Metrics
Beta i1.831.77
Book Value per Share (MRQ) i$1.65$2.38

Financial Statements Comparison: Rigetti Computing Inc. vs D-Wave Quantum Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricRGTI (2025)QBTS (2025)
Revenue/Sales i7.09M24.59M
Cost of Goods Sold i5.02M4.28M
COGS % of Revenue i70.9%17.4%
Gross Profit i2.06M20.31M
Gross Margin i29.1%82.6%
Research & Development i61.35M50.73M
Operating Income (EBIT) i-84.66M-100.37M
Operating Margin i-1,194.4%-408.2%
EBITDA i-59.93M-78.04M
EBITDA Margin i-845.5%-317.4%
Pre-Tax Income i-216.21M-355.06M
Pre-Tax Income % of Revenue i-3,050.4%-1,444.1%
Income Tax i0N/A
Income Tax % of Revenue i0.0%0.0%
Net Income (Profit) i-216.21M-355.06M
Profit Margin i-3,050.4%-1,444.1%

Balance Sheet & Liquidity Metrics

MetricRGTI (2025)QBTS (2025)
Cash & Equivalents i44.85M635.35M
Total Current Assets i454.76M896.23M
Total Current Assets % of Revenue i6,415.9%3,645.1%
Total Current Liabilities i12.15M21.15M
Total Current Liabilities % of Revenue i171.4%86.0%
Long-Term Debt i4.93M41.88M
Long-Term Debt % of Revenue i69.6%170.3%
Total Shareholders Equity i546.20M852.23M
Retained Earnings i-770.96M-982.00M
Retained Earnings % of Revenue i-10,876.9%-3,994.0%
Property, Plant & Equipment i93.78M7.56M

Cash Flow Statement Comparison

MetricRGTI (2025)QBTS (2025)
Operating Cash Flow i-190.65M-350.88M
Operating Cash Flow % of Revenue i-2,689.8%-1,427.1%
Capital Expenditures i-18.68M-3.86M
Free Cash Flow i-77.22M-76.29M
FCF Margin i-1,089.4%-310.3%
Debt Repayment i0-365,000
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricRGTIQBTS
Shares Short i49.22M58.77M
Short Ratio i1.902.68
Short % of Float i14.88%16.41%
Shares Outstanding i331.28M358.74M
Float Shares i326.98M360.00M
% Held by Insiders i1.60%1.15%
% Held by Institutions i48.93%45.96%
% Held by Public i49.47%52.89%

Dividend Analysis & Yield Comparison: Rigetti Computing Inc. vs D-Wave Quantum Inc.

MetricRGTIQBTS
Last 12-Month Dividend iN/AN/A
Last 12-Month Dividend Yield iN/AN/A
3-Year Avg Annual Dividend iN/AN/A
3-Year Avg Dividend Yield iN/AN/A
3-Year Total Dividends iN/AN/A
Ex-Dividend DateN/AN/A