Prediction: Rigetti's Revenue Passes $50 Million a Year Before 2029
A single order expected to become revenue in the fourth quarter is worth more than everything the quantum computing specialist sold last year.
Overview
Rigetti Computing (NASDAQ:RGTI) generated $7.1 million of revenue in all of 2025. So a prediction that the quantum computing specialist tops $50 million a year before 2029 calls for the business to grow about sevenfold in three years. I think it happens.
Revenue through June was $9.5 million, up 191% year over year and more than the company collected in all of last year. And on Tuesday, Rigetti said it had signed a definitive agreement with the U.S. Commerce Department for an award of up to $100 million of research and development (R&D) funding.
Details
The operating loss is growing alongside the revenue, however, and it is many times larger.
Source
Originally published at www.fool.com.