Rigetti Computing Management
Management criteria checks 4/4
Rigetti Computing's CEO is Subodh Kulkarni, appointed in Dec 2022, has a tenure of 3.67 years. total yearly compensation is $636.22K, comprised of 99.9% salary and 0.07% bonuses, including company stock and options. directly owns 0.033% of the company’s shares, worth $2.00M. The average tenure of the management team and the board of directors is 3.5 years and 4.4 years respectively.
Key information
Subodh Kulkarni
Chief executive officer
US$636.2k
Total compensation
| CEO salary percentage | 99.93% |
| CEO tenure | 3.7yrs |
| CEO ownership | 0.03% |
| Management average tenure | 3.5yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
Rigetti Computing, Inc. (NASDAQ:RGTI) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
It's been a pretty great week for Rigetti Computing, Inc. ( NASDAQ:RGTI ) shareholders, with its shares surging 12% to...Rigetti Articulated A Credible Path To Quantum Advantage, Still A 'Buy'
Summary We once looked forward to Y2K. Now, it’s Y2.3K (about 2030), also known as Quantum Advantage. That’s when we expect quantum computers, like the ones Rigetti Computing is working on, to really be ready for prime time. Different companies are pursuing different roadmaps to get there. They’re all working to maximize fidelity (accuracy) and also maximize speed, which makes fidelity harder to achieve. Within quantum, Rigetti’s superconducting protocol makes it the group’s speed demon. But it’s behind on fidelity, at 91%. The near-term goal is 99.5%, and ultimately, it’s aiming at 99.9%. RGTI knows where its challenge is. It’s working to lengthen the time its qubits retain their information (to postpone inevitable “decoherence”). RGTI, one of the quantum firms in which the U.S. will invest, is financially strong enough to succeed. I’m reiterating my 3- to 5- year “Buy” rating for the stock. Read the full article on Seeking Alpha
RGTI: Government Quantum Funding Will Drive Long Term Commercial Opportunity
Rigetti Computing's analyst fair value estimate shifted from $51.00 to $40.00 as analysts adjusted their price targets to reflect a higher discount rate, updated revenue growth and profit margin assumptions, and a lower future P/E, while also taking into account recent government support and industry views on the quantum sector. Analyst Commentary Recent commentary around Rigetti Computing centers on how government action and targeted funding could influence the company’s long term commercial opportunity.
RGTI: Government Funding And Executive Orders Will Support Quantum Commercialization
Rigetti Computing's updated analyst price target has shifted from about $38.40 to roughly $29.65 per share. Analysts cite a mix of higher assumed revenue growth and profit margins, a higher discount rate, a much lower future P/E multiple, and fresh government support for quantum computing as key drivers of the revision.
A Pure-Play Quantum Hardware Bet With Real Technical Optionality and Very Little Margin for Error
Rating: Highly Speculative / Selective buy on pullbacks Style: Quantum hardware optionality Core debate: Is Rigetti becoming a credible superconducting quantum hardware contender with improving commercialization and a much stronger balance sheet, or is the stock still far ahead of the company’s real economic progress? Executive view Rigetti looks better today than it did in the prior version of the thesis, mainly because the company now has a fresher proof point: Q1 2026 revenue of $4.4 million , up sharply year over year, helped by Novera system deliveries , while still maintaining $569 million of cash, cash equivalents, and investments and zero debt.
Rigetti Computing Inc. – $100 Million UK Expansion to Scale Next-Generation Quantum Computing
Rigetti Computing Inc. – $100 Million UK Expansion to Scale Next-Generation Quantum Computing Analyst: Qudus Adebara (Head of equity, Wane Investment House) Rigetti Computing Inc.Deep Analysis Shows Rigetti's High-Risk Growth Horizon (Rating Upgrade)
Summary Rigetti Computing, Inc.’s multi-chip scaling and in-house Fab-1 aim to catch IBM and IonQ, but quantum advantage remains unproven. Intense R&D drives heavy losses. Revenue growth is sluggish, with 2024 down to $10.8M. Annual burn of $60M drains $190M liquidity; watch for equity dilution. Valuation is lofty, but potential alpha justifies a tiny allocation. Cautious macro stance: hold 20–30% in cash equivalents. Read the full article on Seeking AlphaRigetti Computing: Quantum Hype Meets Market Reality - A Cautious Hold
Summary Quantum computing stocks, particularly Rigetti Computing, have surged dramatically, driven by speculative hype similar to the GameStop short squeeze, despite practical applications being years away. Industry leaders like Mark Zuckerberg and Jensen Huang express skepticism about near-term quantum computing applications, underscoring the speculative nature of current investments. Rigetti's unique gate-based approach, vertical integration, and strategic partnerships position it well, but the stock's extreme volatility and high valuation warrant cautious monitoring. Despite the hype, Rigetti's ambitious roadmap and AI-driven market interest suggest potential long-term gains, making it a cautious hold for now. Read the full article on Seeking AlphaRigetti Computing: Out With AI, In With Quantum Computing
Summary Quantum Computing and QPUs are emerging as the new technological frontier beyond AI and GPUs, with RGTI already seeing a +325.5% stock price surge since December 2024. RGTI's advancements, including its 84-qubit Quantum Processing Unit and future 100-qubit system, promise significant growth and reduced error rates. With some hyperscalers already embracing QPUs and a public launch of RGTI's Ankaa-3 QPU expected in Q1'25, we may see FY2025/FY2026 bring forth an accelerated top-line growth prospect. However, it is undeniable that RGTI's overly inflated valuations and lack of near-term profitability offer a minimal margin of safety, worsened by the potential Quantum Computing bubble. Investors should be cautious of chasing overpriced stocks in an uncertain market, especially since QPUs remain in their early days, with wide scale monetization likely far away. Read the full article on Seeking AlphaRigetti Computing: Overvalued With A High Cash Burn Rate
Summary Rigetti Computing has been up over 716% over the past month solely on what I believe to be investor excitement around quantum computing that's too premature to be sustainable. Despite the massive potential in quantum computing, the Company's financials show significant losses and a high cash burn rate, which honestly raises my concern about its long-term viability. The stock's valuation shows that it's highly overvalued at current levels, and the stock trades at twice its price targets. Going forward, I'll be watching RGTI from afar for materialization in its partnerships, but until then, I don't advise investors to jump in. I hereon share my cautious sentiment on Rigetti and why I think the stock run up will cause a crash in the near term. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$239m |
| Mar 31 2026 | n/a | n/a | -US$226m |
| Dec 31 2025 | US$636k | US$636k | -US$216m |
| Sep 30 2025 | n/a | n/a | -US$351m |
| Jun 30 2025 | n/a | n/a | -US$165m |
| Mar 31 2025 | n/a | n/a | -US$138m |
| Dec 31 2024 | US$2m | US$614k | -US$201m |
| Sep 30 2024 | n/a | n/a | -US$61m |
| Jun 30 2024 | n/a | n/a | -US$68m |
| Mar 31 2024 | n/a | n/a | -US$73m |
| Dec 31 2023 | US$2m | US$579k | -US$75m |
| Sep 30 2023 | n/a | n/a | -US$85m |
| Jun 30 2023 | n/a | n/a | -US$82m |
| Mar 31 2023 | n/a | n/a | -US$77m |
| Dec 31 2022 | US$2m | US$17k | -US$72m |
Compensation vs Market: Subodh's total compensation ($USD636.22K) is below average for companies of similar size in the US market ($USD8.26M).
Compensation vs Earnings: Subodh's compensation has been consistent with company performance over the past year.
CEO
Subodh Kulkarni (61 yo)
Dr. Subodh K. Kulkarni, Ph.D. serves as Chief Executive Officer and President of Rigetti Computing, Inc. from December 12, 2022 and serves as its Director since December 15, 2022. He had been the Chief Exe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.7yrs | US$636.22k | 0.033% $ 2.0m | |
| Chief Financial Officer | 3.5yrs | US$1.91m | 0.010% $ 622.5k | |
| Chief Technology Officer | 3.5yrs | US$1.96m | 0.098% $ 5.9m | |
| Senior Vice President of Human Resources | 5yrs | no data | no data | |
| Senior Vice President of Quantum Systems | 2.6yrs | no data | no data | |
| Corporate Secretary | no data | no data | no data |
Experienced Management: RGTI's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.7yrs | US$636.22k | 0.033% $ 2.0m | |
| Independent Director | 4.4yrs | US$222.15k | 0.026% $ 1.6m | |
| Independent Chairman of Board | 2.8yrs | US$279.50k | 0.0045% $ 269.3k | |
| Independent Director | 4.4yrs | US$228.28k | 0.15% $ 9.1m | |
| Independent Director | 4.4yrs | US$222.11k | 0.010% $ 627.3k |
Experienced Board: RGTI's board of directors are considered experienced (4.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/12 22:11 |
| End of Day Share Price | 2026/08/12 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Rigetti Computing, Inc. is covered by 17 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brian Kinstlinger | Alliance Global Partners |
| Gary Mobley | Benchmark Company |
| David Williams | Benchmark Company |