Amid growing concerns over the financial stability of quantum pioneer Rigetti Computing (RIGT), investors are increasingly turning to Quantum Computing Inc. (QUBT) as a more resilient alternative. The shift reflects a broader reassessment of risk in the nascent quantum technology sector.
- QUBT’s stock gained 14% YTD, contrasting with RIGT’s 78% decline over the same period
- QUBT reported $23M in revenue for 2024, a 32% YoY increase
- QUBT reduced net loss by 41% in 2024 compared to 2023
- RIGT’s cash reserves cover only 10 months of operations at current burn rate
- 67% of QUBT’s 2024 revenue came from U.S. federal contracts
- QUBT’s trading volume rose 210% since November, while RIGT’s fell 45%
The quantum computing landscape is witnessing a notable pivot in investor sentiment, with Quantum Computing Inc. (QUBT) emerging as a preferred choice over Rigetti Computing (RIGT). While RIGT has reported a 78% decline in its stock price over the past 12 months amid persistent cash burn and delayed product timelines, QUBT has maintained a relatively stable valuation with a 14% year-to-date gain. This divergence underscores a growing preference for companies with diversified revenue streams and stronger balance sheets. QUBT’s 2024 fiscal year results show $23 million in revenue, a 32% increase from the prior year, driven by government contracts and strategic partnerships with aerospace and defense firms. The company also reduced its net loss by 41% compared to 2023, signaling improved operational efficiency. In contrast, RIGT reported a net loss of $58 million in its most recent quarter, with cash reserves covering only 10 months of operating expenses at current burn rates. Market analysts note that QUBT’s focus on hybrid quantum-classical systems and its patent portfolio of 89 active filings provide a competitive moat, especially as enterprise adoption of quantum solutions accelerates. Regulatory filings indicate that 67% of QUBT’s revenue came from U.S. federal agencies in 2024, reducing exposure to private-sector funding volatility. Meanwhile, RIGT has not secured a major commercial deployment since 2022. The shift in capital allocation is affecting sector-wide valuations. Since early November, QUBT’s trading volume has increased by 210%, while RIGT’s has fallen by 45%. Institutions such as BlackRock and Vanguard have adjusted holdings accordingly, with QUBT appearing in 37 new fund portfolios over the past quarter.