QBTS vs. RGTI: D-Wave Quantum vs. Rigetti Computing Stock Comparison
How do D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
D-Wave Quantum (QBTS) and Rigetti Computing (RGTI) share the Information Technology sector but sit in different industry groups — QBTS in Software & Services and RGTI in Semiconductors & Semiconductor Equipment.
| Profile Item | QBTS | RGTI |
|---|---|---|
| Name | D-Wave Quantum Inc. | Rigetti Computing, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Semiconductors & Semiconductor Equipment |
| GICS Industry | Software | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Application Software | Semiconductors |
| Market Capitalization | 4.05 billion USD | 3.92 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | December 11, 2020 | April 22, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Total Return (1Y) | -61.09% | -61.98% |
| Total Return (3Y, Annualized) | 152.63% | 130.39% |
| Total Return (5Y, Annualized) | 3.13% | 3.44% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Volatility (1Y, Annualized) | 104.32% | 96.83% |
| Beta (5Y) | 2.31 | 2.12 |
| Max Drawdown (5Y) | -96.67% | -96.89% |
| Avg. Volume (3M) | 15.15M | 15.76M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Sharpe Ratio (1Y) | -0.63 | -0.68 |
| Sortino Ratio (1Y) | -1.00 | -1.06 |
Profitability
ROE (TTM)
Both D-Wave Quantum (QBTS) at -27.99% and Rigetti Computing (RGTI) at -43.77% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.
QBTS
Software & Services industry group
-27.99%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- QBTS
- -27.99%
- Min
- -50.52%
RGTI
Semiconductors & Semiconductor Equipment industry group
-43.77%
- Max
- 52.82%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
- RGTI
- -43.77%
Net Margin (TTM)
D-Wave Quantum (QBTS) at 0.00% keeps about the industry-typical share of revenue as profit, while Rigetti Computing (RGTI) at 0.00% retains only a bottom-quartile share.
QBTS
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- QBTS
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
RGTI
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 63.80%
- Q3
- 28.36%
- Median
- 11.44%
- Q1
- 0.90%
- RGTI
- 0.00%
- Min
- -37.77%
Operating Margin (TTM)
Both D-Wave Quantum (QBTS) at -1,732.06% and Rigetti Computing (RGTI) at -546.17% report negative operating margin values, usually indicating operating losses over the period.
QBTS
Software & Services industry group
-1,732.06%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
- QBTS
- -1,732.06%
RGTI
Semiconductors & Semiconductor Equipment industry group
-546.17%
- Max
- 58.66%
- Q3
- 30.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
- RGTI
- -546.17%
Profitability Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| ROE (TTM) | -27.99% | -43.77% |
| ROA (TTM) | -10.65% | -9.45% |
| Net Margin (TTM) | 0.00% | 0.00% |
| Operating Margin (TTM) | -1,732.06% | -546.17% |
| Gross Margin (TTM) | 64.19% | 34.61% |
Growth
Revenue Growth
D-Wave Quantum (QBTS) at 178.54% delivers above-range revenue growth, while Rigetti Computing (RGTI) at -34.31% falls into the bottom quartile — a wide split in revenue momentum.
EPS Growth
Neither D-Wave Quantum (QBTS) nor Rigetti Computing (RGTI) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Revenue Growth (YoY) | 178.54% | -34.31% |
| Revenue Growth (3Y CAGR) | 50.78% | -18.52% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Rigetti Computing (RGTI) at 3.94 keeps current ratio within its industry’s typical mid-range, while D-Wave Quantum (QBTS) at 20.55 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
QBTS
Software & Services industry group
20.55
- QBTS
- 20.55
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
RGTI
Semiconductors & Semiconductor Equipment industry group
3.94
- Max
- 10.33
- Q3
- 5.62
- RGTI
- 3.94
- Median
- 3.33
- Q1
- 2.35
- Min
- 1.03
Debt / Equity (MRQ)
Both D-Wave Quantum (QBTS) at 0.04 and Rigetti Computing (RGTI) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
QBTS
Software & Services industry group
0.04
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- QBTS
- 0.04
- Min
- 0.00
RGTI
Semiconductors & Semiconductor Equipment industry group
0.01
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- Q1
- 0.04
- RGTI
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Current Ratio (MRQ) | 20.55 | 3.94 |
| Debt / Equity (MRQ) | 0.04 | 0.01 |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Neither D-Wave Quantum (QBTS) nor Rigetti Computing (RGTI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
QBTS
Software & Services industry group
0.00%
- QBTS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
RGTI
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 1.37%
- Q3
- 0.65%
- RGTI
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither D-Wave Quantum (QBTS) nor Rigetti Computing (RGTI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
QBTS
Software & Services industry group
0.00%
- QBTS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
RGTI
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 49.64%
- Q3
- 21.71%
- RGTI
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither D-Wave Quantum (QBTS) nor Rigetti Computing (RGTI) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
QBTS
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- QBTS
- --
RGTI
Semiconductors & Semiconductor Equipment industry group
--
- Max
- 110.34
- Q3
- 66.81
- Median
- 37.02
- Q1
- 23.96
- Min
- 8.12
- RGTI
- --
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both D-Wave Quantum (QBTS) at 326.31 and Rigetti Computing (RGTI) at 293.70 — each P/S ratio clears its industry’s benchmark range.
QBTS
Software & Services industry group
326.31
- QBTS
- 326.31
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
RGTI
Semiconductors & Semiconductor Equipment industry group
293.70
- RGTI
- 293.70
- Max
- 21.42
- Q3
- 12.27
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
P/B Ratio (MRQ)
On P/B ratio, both D-Wave Quantum (QBTS) at 3.67 and Rigetti Computing (RGTI) at 7.29 are valued close to their industries’ norm against book — neither stands out from peers.
QBTS
Software & Services industry group
3.67
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- QBTS
- 3.67
- Q1
- 1.92
- Min
- -3.90
RGTI
Semiconductors & Semiconductor Equipment industry group
7.29
- Max
- 14.06
- Q3
- 7.44
- RGTI
- 7.29
- Median
- 4.29
- Q1
- 2.30
- Min
- 0.20
Valuation Metrics
| Metric | QBTS | RGTI |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 326.31 | 293.70 |
| P/B Ratio (MRQ) | 3.67 | 7.29 |
| Free Cash Flow Yield (TTM) | -1.81% | 0.67% |