Rigetti Computing has pioneered a patented modular quantum processor architecture that promises scalability in quantum computing, supported by its vertically integrated Fab-1 wafer fabrication facility. Despite generating revenue since 2018 across multiple streams including QCaaS and quantum processors, the company faced a 34% revenue decline in 2025 to $7.1 million alongside mounting operating losses totaling $84.7 million. Its heavy investments in R&D aim to overcome technological bottlenecks, but the nascent market and competitive landscape pose significant risks. Strong balance sheet liquidity contrasts with cash burn exceeding $77 million, with no dividends or buybacks planned, reflecting a capital-intensive pursuit of quantum advantage and commercial viability.