Advanced Quantum Computing Shares: A Comparison Between Rigetti Computing and D-Wave Quantum
In the rapidly expanding quantum computing industry, two companies – D-Wave and Rigetti Computing – are making significant strides. With each company bringing unique strengths to the table, they are shaping the future of this burgeoning field.
Financial Performance
Both D-Wave and Rigetti reported their Q1 financial results for 2025, with D-Wave recording a record-breaking revenue of $15 million, up 509% year-over-year, while Rigetti's revenue fell 52% to $1.5 million. Despite both companies operating at a loss, D-Wave's net loss has shrunk significantly, and its cash reserves stand at a robust $815 million, far surpassing Rigetti's $575 million.
Moreover, D-Wave's price-to-sales (P/S) ratio is lower than Rigetti's, suggesting a potentially better valuation in terms of sales. However, it's worth noting that D-Wave's shares aren't cheap, given the high P/S ratio compared to a year ago.
Technological Advancements
While D-Wave specializes in quantum annealing, excelling in optimization problems with commercial-ready machines capable of computing complex problems quickly, Rigetti focuses on a full quantum computing stack, including chip design, fabrication, and software. Rigetti's Ankaa-3 system features an improved error rate, and the company recently received funding from the Air Force Office of Scientific Research to enhance chip manufacturing, positioning itself well for advanced gate-based quantum computing.
Future Prospects
D-Wave's model of selling cloud access and services has fueled its revenue growth so far, and its strong cash position supports ongoing operations and R&D. On the other hand, Rigetti's adaptable Ankaa-3 platform is promising for AI applications, which might boost future revenue. However, Rigetti currently faces declining sales.
Both companies operate in a highly competitive and evolving field. They face risks from financial losses, stiff competition from larger firms, and potential volatility in adoption timelines. Analysts rate both stocks as “Hold” (Zacks Rank #3), suggesting cautious investor approaches.
Notable Achievements
In a remarkable feat, D-Wave constructed a quantum computer that completed complex calculations in minutes that would have taken one million years on a supercomputer. Rigetti introduced its newest quantum computer, Ankaa-3, at the end of last year, which has an error rate half that of its predecessor.
Investment Considerations
D-Wave's shares are currently up 1,800% over the past 12 months, and its cash hoard positions the company to pursue acquisitions that could help it grow revenue. Rigetti Computing's shares have increased more than 1,000% over the same period.
Given the current financial performance, technological advancements, and future prospects, D-Wave appears to be the better investment currently. However, both companies remain high-risk, speculative investments in a developing industry.
Investors are advised to wait for D-Wave's Q2 earnings results to assess if its first-quarter performance was an anomaly, and for its share price to drop before considering an investment. It's also crucial to research both companies thoroughly and consult with a financial advisor before making any investment decisions.
Quantum devices employ atomic particles to perform calculations beyond the ability of conventional computers, making them a promising technology for the future. As these two pioneers navigate the complexities of this new frontier, their progress and innovations will undoubtedly shape the future of computing.
[1] Seeking Alpha (2025). D-Wave Quantum Reports Q1 2025 Earnings
[2] Seeking Alpha (2025). Rigetti Computing Reports Q1 2025 Earnings
[3] Yahoo Finance (2025). D-Wave Quantum Inc. (QBTS)
[3] Yahoo Finance (2025). Rigetti Computing Inc. (RGTI)
- Given D-Wave's record-breaking revenue of $15 million, shrinking net loss, and significant cash reserves of $815 million, it seems that D-Wave is a stronger financial contender in the quantum computing industry.
- Technological advancements, such as D-Wave's completion of complex calculations in minutes and Rigetti's improved error rate in the Ankaa-3 system, demonstrate the strides these companies are making in the field of quantum computing.
- With D-Wave's impressive financial performance and ongoing innovations, it might be a more attractive investment opportunity compared to Rigetti, especially considering D-Wave's 1,800% increase over the past 12 months. However, investors should exercise caution due to the high-risk and speculative nature of the developing quantum computing industry.
