Analyst Backs D-Wave Over Rigetti After $100 Million Funding and 178.5% Revenue Growth
Updated
Updated · The Motley Fool · Jul 9
Analyst Backs D-Wave Over Rigetti After $100 Million Funding and 178.5% Revenue Growth
3 articles · Updated · The Motley Fool · Jul 9
Summary
D-Wave emerged as the preferred 2026 quantum stock pick over Rigetti, with the analyst citing stronger commercial traction, a broader product set and fresh U.S. government backing.
The case rests on D-Wave’s 2025 revenue of $24.6 million—up 178.5%—plus its early-2026 Quantum Circuits acquisition, which added gate-model systems to its quantum annealing business.
Rigetti reported weaker momentum, with 2025 revenue falling 34.3% to $7.1 million as it continued betting on modular superconducting processors and government-heavy customer demand.
Both companies remain deeply unprofitable—D-Wave lost $355.1 million and Rigetti $216.2 million in 2025—while each burned more than $75 million in free cash flow.
The recommendation still comes with sector-wide caveats: quantum computing is early-stage, valuations are extreme, and D-Wave’s edge could narrow if rivals such as Rigetti or IBM execute better.