IonQ vs Rigetti Computing
IonQ reported revenue of $130 million in fiscal 2025, 18.3 times Rigetti Computing's $7 million in fiscal 2025. IonQ's revenue grew 201.8% in its latest year, and Rigetti Computing's fell 34.3%. IonQ had an operating margin of -487.4%, against -1194.4% at Rigetti Computing. Free cash flow was −$300 million at IonQ and −$77 million at Rigetti Computing.
Side by side
| IonQ | Rigetti Computing | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $130M | $7M |
| Revenue growth | 201.8% | −34.3% |
| Revenue growth a year, last 5 years | — | — |
| Gross margin | — | 29.1% |
| Operating margin | −487.4% | −1,194.4% |
| Net margin | −392.6% | −3,050.4% |
| Free cash flow | −$300M | −$77M |
| Free cash flow margin | −230.4% | −1,089.4% |
| Return on capital | −68.3% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 31.6% | 67.7% |
| Last close | $30.76 | $11.44 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $224,810, sold $7.2 million | sold $30.1 million |
| Piotroski F-score | 3 of 8 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
IonQRigetti Computing
Operating margin
Percent of revenue
IonQRigetti Computing
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IonQRigetti Computing
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the IonQ and Rigetti Computing pages.