IonQ Tops Rigetti for 2026 as $130 Million Revenue Dwarfs Rival's $7.1 Million
Updated
Updated · The Motley Fool · Aug 2
IonQ Tops Rigetti for 2026 as $130 Million Revenue Dwarfs Rival's $7.1 Million
3 articles · Updated · The Motley Fool · Aug 2
Summary
IonQ emerged as the stronger 2026 quantum-computing stock pick after posting nearly $130 million in FY2025 revenue, versus Rigetti's $7.1 million, giving it a far wider commercial base.
That gap extends to valuation and momentum: IonQ traded at 72.7 times sales against Rigetti's 496.1 times, while IonQ's revenue jumped 201.9% and Rigetti's fell 34.3% year over year.
IonQ still carries major execution risk, including a roughly $510.4 million net loss, negative $299.6 million free cash flow and integration challenges from its $1.8 billion SkyWater acquisition.
Rigetti's balance sheet also remains fragile despite no debt, with a roughly $216.2 million net loss, negative $77.2 million free cash flow and ongoing technical and funding risks as it scales superconducting systems.
Both companies remain speculative bets on quantum hardware, but IonQ's faster sales growth, broader customer traction and new manufacturing capability were judged to offer clearer evidence that commercialization is taking hold.