BTQ vs RGTI vs ARQQ Stock Comparison

BTQ Technologies, Rigetti Computing and Arqit Quantum Prices as of Nov 3, 2026 Peers: Industry group
BTQ BTQ Technologies Corp.
$1.92 -39.4% 1M -72.6% 1Y
Market cap
$256.99M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
RGTI Rigetti Computing, Inc.
$11.09 -27.3% 1M -71.7% 1Y
Market cap
$3.73B
P/E
–
Revenue (TTM)
$13.35M
Div. yield
–
Quantum Computing Technology
4 wins
ARQQ Arqit Quantum Inc.
$15.00 -39.1% 1M -63.2% 1Y
Market cap
$190.42M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
1 win

Head to Head

5 decided of 12

Rigetti Computing leads on 4 of the 12 questions below (Rigetti Computing 4, Arqit Quantum 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBTQRGTIARQQLeader
Larger companyMarket capitalisation $256.99M $3.73B $190.42M RGTI
Cheaper on earningsLower P/E, profitable companies only -7.4x -15.6x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months — +68.5% — –
More profitableNet margin, trailing twelve months — -1,787.4% — –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -72.6% -71.7% -63.2% ARQQ
Better 5-year returnAnnualised price return, 5 years — +1.4%/yr -51.7%/yr RGTI
Less volatileAnnualised volatility, 1 year 119.3% 92.9% 111.5% RGTI
Higher overall scoreMean of the five percentile scores vs peers 17/100 33/100 — RGTI

Percentile Scorecard

BTQRGTIARQQ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBTQRGTIARQQ
Valuation 7 #115 of 124 17 #103 of 124 –
Growth 3 #111 of 114 21 #90 of 114 –
Profitability 2 #109 of 111 9 #101 of 111 –
Financial Health 52 #62 of 128 89 #15 of 128 85 #20 of 128
Shareholder Returns 21 #58 of 73 28 #53 of 73 –
Overall 17 33 –
  • BTQ ranked among 136 companies in Infrastructure Software
  • RGTI ranked among 136 companies in Infrastructure Software
  • ARQQ ranked among 136 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBTQRGTIARQQSPY
1 month -39.4%-27.3%-39.1% -2.0%
3 months -51.8%-36.4%-31.8% -2.2%
6 months -32.6%-39.3%+2.4% +4.2%
Year to date -62.5%-49.9%-31.4% +10.6%
1 year -72.6%-71.7%-63.2% +10.4%
3 years +497.9%+847.9%+36.4% +73.6%
3 years, per year +81.6%+111.7%+10.9% +20.2%
5 years —+7.4%-97.4% +61.6%
5 years, per year —+1.4%-51.7% +10.1%

Risk

MeasureBTQRGTIARQQSPY
Volatility, 1Y 119.3%92.9%111.5% 12.8%
Downside volatility, 1Y 102.0%88.5%103.4% 12.8%
Beta vs S&P 500, 1Y 4.264.004.16 1.00
Return / volatility, 1Y -0.61-0.77-0.57 0.81
Max drawdown, 5Y -86.5%-96.9%-99.6% -25.4%
From 52-week high -73.9%-71.7%-63.2% -3.2%
52-week high $7.35$39.12$40.73 $779.14
52-week low $1.91$10.67$11.78 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBTQRGTIARQQ
P/E now vs peer median -7.5xmedian 38.8x -15.5xmedian 38.8x —median 38.8x
P/S now vs peer median —median 4.4x 277.1xmedian 4.4x —median 4.4x
EV/EBITDA now vs peer median —median 28.6x -37.9xmedian 28.6x —median 28.6x
P/FCF now vs peer median -18.3xmedian 23.6x -42.3xmedian 23.6x —median 23.6x
P/B now vs peer median 21.4xmedian 3.1x 6.9xmedian 3.1x 8.0xmedian 3.1x
PEG now vs peer median —median 1.27 3.92median 1.27 —median 1.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBTQRGTIARQQ
Revenue – $13.35M –
Gross profit – $4.62M –
Operating income -$34.64M -$97.16M –
Net income -$34.57M -$238.67M –
Free cash flow -$14.76M -$87.58M –
R&D $4.75M $73.05M –
EPS (diluted) $-0.26 $-0.72 –
Cash & equivalents $6.85M $27.76M $28.86M
Shares (diluted) 135.62M 333.22M 13.79M
Enterprise value $197.72M $2.03B $81.09M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBTQRGTIARQQ
P/E -7.5x -15.5x –
P/FCF -18.3x -42.3x –
P/Operating cash flow -18.2x -60.9x –
P/S – 277.1x –
P/B 21.4x 6.9x 8.0x
P/Tangible book 21.4x 6.9x 8.7x
EV/EBITDA – -37.9x –
EV/EBIT -7.6x -34.0x –
EV/Revenue – 247.6x –
EV/FCF -17.8x -37.8x –
EV/Operating cash flow -17.7x -54.5x –
PEG (3Y EPS CAGR) – 3.92 –

Growth

14 metrics
MetricBTQRGTIARQQ
Revenue growth (1Y) – 68.5% –
Revenue CAGR (3Y) – -2.5% –
Gross profit growth (1Y) – 43.8% –
Gross profit CAGR (3Y) – -26.6% –
Operating income growth (1Y) -1,885% -25.6% –
Operating income CAGR (3Y) – -0.3% –
Net income growth (1Y) -307.6% -44.8% –
Net income CAGR (3Y) – -42.8% –
EPS growth (1Y) -571.9% -29.6% –
EPS CAGR (3Y) – -4.0% –
Operating cash flow growth (1Y) – -12.9% –
Operating cash flow CAGR (3Y) – 0.3% –
Free cash flow growth (1Y) – -33.6% –
Free cash flow CAGR (3Y) – -3.5% –

Profitability

14 metrics
MetricBTQRGTIARQQ
Gross margin – 34.6% –
EBITDA margin – -653.3% –
Operating margin – -727.6% –
Pretax margin – -1,787% –
Net margin – -1,787% –
FCF margin – -655.9% –
Operating cash flow margin – -454.7% –
Return on equity -234.8% -42.6% –
Return on assets -191.6% -36.7% –
Return on invested capital – – –
Return on capital employed -247.3% -17.8% –
Asset turnover – 0.0x –
Cash conversion (OCF / net income) 0.4x 0.3x –
Stock comp / revenue – 170.7% –

Financial Health

11 metrics
MetricBTQRGTIARQQ
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 26.9% 17.1% 21.3%
Equity / assets 73.1% 82.9% 78.7%
Interest coverage -775.2x – –
Current ratio 1.9x 3.9x 4.9x
Quick ratio 1.7x 3.8x 4.9x
Cash ratio 1.7x 3.7x 4.4x
Altman Z-score – 18.43 –

Shareholder Returns

7 metrics
MetricBTQRGTIARQQ
Dividend yield – – –
Net buyback yield -2.8% -1.4% –
Shareholder yield -2.8% -1.4% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBTQRGTIARQQ
EPS, next fiscal year – $-0.20FY2026 $-1.46FY2026
Revenue, next fiscal year – $22.61MFY2026 $2.41MFY2026
Revenue growth, next FY – +218.9%FY2026 +355.4%FY2026
Revenue growth, the year after – +115.1% +208.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBTQRGTIARQQ
Held by institutions 28.2% 52.1% 89.2%
Institutions holding 94 478 66
Change in shares held, QoQ +103.2% +0.0% +205.7%
Institutions buying 55 309 42
Institutions selling 15 87 11
Buyers to sellers 3.67 3.55 3.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BTQRGTIARQQ
BTQ 1.00 0.62 0.65
RGTI 0.62 1.00 0.67
ARQQ 0.65 0.67 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BTQ, RGTI and ARQQ?

Rigetti Computing (RGTI) is the largest by market capitalisation: BTQ Technologies (BTQ) $256.99M, Rigetti Computing (RGTI) $3.73B, Arqit Quantum (ARQQ) $190.42M.

Which stock has performed better?

Over the past year Arqit Quantum (ARQQ) returned the most: BTQ Technologies (BTQ) -72.6%, Rigetti Computing (RGTI) -71.7%, Arqit Quantum (ARQQ) -63.2%. Over five years, Rigetti Computing (RGTI) compounded fastest (Rigetti Computing (RGTI) +1.4%/yr, Arqit Quantum (ARQQ) -51.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Rigetti Computing (RGTI) has been the steadiest (BTQ Technologies (BTQ) 119.3%, Rigetti Computing (RGTI) 92.9%, Arqit Quantum (ARQQ) 111.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BTQ, RGTI and ARQQ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Rigetti Computing (RGTI) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.