Rigetti Computing Faces Stock Turbulence Amid Earnings Woes

Bonisiwe Shabane

-Jan 2, 2026, 3:47 PM

rigetti computing faces stock turbulence amid earnings woes

Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing Inc.’s stocks have been trading down by -7.42 percent following the announcement of a strategic leadership change. Live Update At 11:32:17 EST: On Friday, August 15, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -7.42%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

The recent Q2 earnings report painted a dismal picture. There was a noticeable rise in net loss compared to last year, and revenues shrank considerably. Analysts had hoped for better. Earnings per share, dipping to a concerning -$0.13, echoed these financial challenges. Economically, the company’s gross margin hovers around 40.6%, showing some resilience but not enough to overshadow the extensive losses in other areas. In this data period, the share price lingered close to $17 and did not show signs of lifting, closing at $16.645 most recently.

With such mixed signals in profitability ratios and financial health, their market position feels fragile. While a good current ratio at 41.6 appears comforting, it shouldn’t overshadow the urgent need for strategic pivots from management. The sales of shares by a company insider totaling $375K hinted at potential unease within, raising eyebrows about leadership confidence. Such actions might signal internal discontent and skepticism about long-term strategies. Rigetti Computing (RGTI) reported a bigger-than-expected second quarter loss while revenue missed Wall Street consensus estimates. Financial results season is winding up for quantum computing stocks.

Rigetti stock fell on the Q2 results. Meanwhile, Quantum Computing (QUBT) reports Thursday. Rigetti reported Q2 earnings after the market close on Tuesday. For the June quarter, Rigetti reported a 13 cent loss per… 12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor and Mizuho initiated coverage. 12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as...

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. On Tuesday, Rigetti Computing Inc.’s stocks have been trading down by -8.1 percent amid concerns over technology volatility. Live Update At 12:04:39 EST: On Tuesday, September 02, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -8.1%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

It’s been a tough quarter for Rigetti Computing. Their revenue numbers fell short, amplifying concerns among investors. The profits dried up, and losses mounted. Revenue for the period sat at $10.79M, a sore number for analysts who expected much more promising figures. The gross margin painted a glimmer of hope at 40.6%, yet overshadowed by the grim profitability margins. The EBIT margin hit rock bottom at -2065%, leaving investors scratching their heads.

Despite these setbacks, the balance sheet still provides some comfort. Cash reserves are sitting at $57.18M, ensuring they keep the wheels turning for now. Their short-term liabilities are manageable, thanks in part to a current ratio of 41.6. But with a leverage ratio of 1.2 and total equity heavily tied to volatile external investments, many wonder about their financial strategy. A glance at the cash flow statement reveals some more telling challenges. Rigetti burnt through piles of cash, with investments seeming more like cash drains rather than cash seeds.

Some investors are waiting, watching and hoping their high-stake gambits to future-proof the company turn the tide soon. Written by Zacks Equity Research for Zacks-> Rigetti Computing RGTI reported second-quarter 2025 adjusted loss per share of 5 cents, narrower than the loss per share of 7 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 16.7%. GAAP loss per share in the reported quarter was 13 cents compared with the loss per share of 7 cents in the prior-year quarter. Shares of this company lost nearly 2.6% in today’s pre-market hours.

The company’s shares have gained 3% in the year-to-date period compared with the industry’s growth of 20.5%. The broader S&P 500 Index has increased 8.2% in the same time frame. The company reported total revenues of $1.8 million, down 41.6% year over year. The top line missed the Zacks Consensus Estimate by 5.7%. Rigetti Computing, Inc. (NASDAQ:RGTI) released its second-quarter results after Tuesday's closing bell.

Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of 13 cents per share, which missed the analyst consensus estimate for losses of six cents. Quarterly revenue came in at $1.8 million, which missed the analyst consensus estimate of $1.88 million and is down from revenue of $3.086 million from the same period last year. Read Next: Retail Crowd’s Top Stocks With Earnings This Week: Archer, Rigetti, Oklo And More For the second quarter, Rigetti reported: Rigetti Computing, a prominent player in the quantum computing sector, is confronting a severe crisis of investor confidence following a dramatic share price collapse.

Over the past month, the company’s stock has plummeted by more than 40%, triggering alarm among stakeholders. This downward spiral was ignited by the release of profoundly disappointing quarterly results, which highlighted a stark divergence between Rigetti’s operational performance and the expanding success of its competitors. The central question now preoccupying the market is whether the firm’s substantial cash reserves can secure its future or if it is merely conducting a slow-motion capital burn. Amid the financial turmoil, one figure stands out as a potential lifeline: Rigetti holds approximately $600 million in cash and equivalents. This war chest is theoretically sufficient to fund ongoing operations and ambitious research initiatives for a minimum of two more years. However, this silver lining is clouded by the company’s significant cash burn rate.

The critical challenge for management is to stem the outflow before the reserves are depleted, especially if revenue generation continues to falter. The third quarter of 2025 served as a stark revelation of the company’s deepening troubles. Rigetti reported revenue of just $1.9 million, representing a steep 18.1% decline compared to the same period last year and falling drastically short of already modest analyst forecasts. The situation was further exacerbated by an operating loss that ballooned to $20.5 million, clearly indicating that profitability remains a distant prospect. Should investors sell immediately? Or is it worth buying Rigetti?

The market’s response to these disclosures has been unforgiving. While other stocks in the quantum computing space experienced more moderate setbacks, Rigetti’s decline was particularly severe. A technical sell signal identified in mid-October marked the beginning of a brutal descent; from that point, the equity has surrendered over 54% of its value. Rigetti Computing is little changed in postmarket trading even as the quantum computing company delivered lower-than-expected revenue yet again. Revenue: $1.8 million (compared to estimates for $1.87 million). Operating loss: -$19.9 million (estimated -$20.9 million).

Of course, with revenues so low to begin with in what is very much an emerging growth industry, any technological breakthroughs and shifting investor sentiment toward quantum computing will likely be bigger drivers of... “We continue to achieve our ambitious road map goals, most recently by demonstrating the industry’s largest multi-chip quantum computer with impressive performance,” CEO Dr. Subodh Kulkarni said. “Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals.”

Rigetti Computing Faces Stock Turbulence Amid Earnings Woes

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