BigBear.ai vs. Rigetti Computing: Which Technology Stock Is a Better Buy in 2026?
BigBear.ai is showing early signs of a turnaround with new contract wins and improving margins. Rigetti has advancing quantum hardware but limited commercial revenue and a long road to scale.
In the realm of high-stakes computing, investors face the choice between investing in BigBear.ai (BBAI) and Rigetti Computing (RGTI). BigBear.ai delivers mission-ready artificial intelligence to both defense and commercial sectors, specializing in decision intelligence and logistics. On the other hand, Rigetti Computing constructs quantum processors and offers quantum computing services via its proprietary cloud platform.
Both companies occupy niche segments, and comparing their valuations through the price-to-sales ratio proves insightful. BigBear.ai reported approximately $127.7 million in FY 2025 revenue, marking a 19.3% decrease from the prior year, against Rigetti Computing's $7.1 million revenue, a 34.3% decline. Both companies reported net losses, with BigBear.ai at $293.9 million and Rigetti Computing at $216.2 million.
BigBear.ai maintains a debt-to-equity ratio of 0.0x, while Rigetti Computing shows no traditional debt relative to its equity. The current ratio for BigBear.ai is around 1.8x, whereas Rigetti Computing stands at approximately 37.4x. Despite the high customer concentration risk and significant operating losses, BigBear.ai's steady growth in Q2 2026, with a 13% year-over-year revenue increase, 20 new contracts, and improving gross margins, makes it a more appealing option than the speculative Rigetti Computing.
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