Rigetti Computing Stock Plummets 42 In November Following 18 Revenue

Bonisiwe Shabane

-Jan 2, 2026, 3:49 PM

rigetti computing stock plummets 42 in november following 18 revenue

Rigetti Computing's stock plummeted 42% in November after reporting an 18% revenue decline and ballooning losses of $201 million in Q3 2025. The company's full-stack approach to quantum computing is impressive, but the technology remains years away from practical commercial advantages over traditional computers. This stock might just be "the next Aurora Cannabis," which would be an unfortunate fate. Shares of quantum computing expert Rigetti Computing (NASDAQ: RGTI) fell 42.2% in November 2025, according to data from S&P Global Market Intelligence. The bearish timeline included a disappointing earnings report, which erased October's 48.6% gain and then some. Rigetti's stock lost 14.2% of its value across the two-month span from Sept.

30 to Nov. 29. The most recent linchpin of Rigetti's November retreat was found in the company's Q3 2025 report, published on Nov. 10. It was a doozy, and not in a good way. Oakland, CA – November 12, 2025 – Rigetti Computing (NASDAQ:RGTI) experienced a significant downturn in its stock performance today, with shares declining notably following a series of analyst reassessments that have cast a shadow...

The cumulative effect of these downgrades and revised price targets reflects growing concerns among financial experts regarding the company's financial health, ambitious valuation, and heavy reliance on government contracts in a rapidly evolving technological... This recent market reaction underscores the volatile nature of the quantum computing sector and the challenges companies like Rigetti face in translating groundbreaking research into sustainable commercial success. The immediate implications for Rigetti Computing are clear: a dent in investor confidence and increased scrutiny on its operational efficiency and funding strategies. The stock's recent struggles highlight a pivotal moment for the company as it navigates the demanding path from innovation to profitability, with analysts questioning whether its current market valuation accurately reflects its underlying fundamentals... The recent slide in Rigetti Computing's stock can be traced back to a series of critical analyst reports issued around early to mid-November 2025. On November 3, B.

Riley Securities, led by analyst Craig Ellis, initiated a significant shift by downgrading Rigetti from a "Buy" to a "Neutral" rating. While Ellis raised the price target to $42.00 from $35.00 at that time, the downgrade was predicated on the belief that the stock's triple-digit gains had already priced in a "significant percentage of long-term... funding authorizations due to a federal government shutdown were flagged as a substantial sales risk, particularly for Rigetti, which is more heavily reliant on government funding compared to its peers. Adding to the bearish sentiment, on November 11, Seeking Alpha analyst Uttam Dey issued a stark "Sell" rating for Rigetti. Dey's assessment was based on a litany of concerns, including the company's weak financials, characterized by declining revenue and widening losses, coupled with what was deemed an "extremely high valuation" – trading at over... Disappointing third-quarter 2025 results, which showed an 18% decline in revenue and a collapse of gross margins to 20.8%, further fueled this pessimistic outlook.

The analyst also highlighted that a recent $625 million funding announcement from the U.S. Department of Energy (DOE) fell significantly short of industry expectations, which had hovered around $2.5 billion, thereby dampening near-term optimism. The market continued to react on November 12, with Benchmark analyst David Williams maintaining a "Buy" rating but lowering the price target to $40.00 from $50.00. Williams cited a broader slowdown in momentum across the quantum technology landscape following Rigetti's third-quarter results and noted that recent volatility across emerging technology and AI sectors had dampened investor enthusiasm for quantum-related shares. Concurrently, B. Riley Securities, in an update on November 12, reiterated its "Neutral" rating and further lowered its price target from $42.00 to $35.00, reflecting persistent caution.

These combined actions have created a challenging environment for Rigetti, with its stock experiencing significant downward pressure, including a reported 15.8% hit in the week leading up to November 12, and a notable decline... Shares of quantum computing specialist Rigetti Computing (RGTI) experienced a sharp decline in November, plunging 42% following the release of disappointing financial results for the third quarter of 2025. The significant stock drop was triggered by a combination of weak revenue performance and a critical failure to meet a key government contract milestone. The company reported an 18% decline in revenue for Q3 2025, signaling a slowdown in commercial traction within the nascent quantum sector. Compounding the revenue weakness, Rigetti recorded ballooning losses for the quarter, amounting to a substantial $201 million. The financial setbacks were exacerbated by the company’s failure to achieve the DARPA Phase B milestone.

Missing this critical benchmark likely weighed heavily on investor confidence, as government contracts and research funding are often viewed as crucial validation points for early-stage technology firms like Rigetti. The combination of declining top-line figures and massive losses has led to increased scrutiny regarding Rigetti’s operational efficiency and its timeline for achieving commercial viability. The 42% stock plunge in November reflects a strong market reaction to these material setbacks. Despite the recent financial turbulence, the company is attempting to balance investor concerns with a focus on its long-term technological roadmap. Rigetti continues to invest heavily in the development of larger, more complex multi-chip quantum systems, a strategy aimed at positioning the firm at the forefront of quantum hardware innovation. Rigetti Computing, Inc.

(NASDAQ: RGTI) has become one of 2025’s most volatile – and closely watched – quantum computing stocks. After plunging about 42% in November on weak revenue and governance worries, the share price abruptly rebounded in early December, jumping more than 15% on December 4 alone. Sharewise As of the morning of December 5, 2025, Rigetti trades around $30.06 per share, up roughly 17–18% over the last week and an extraordinary ~867% over the past year. The company’s market capitalization is just under $10 billion, despite trailing‑12‑month revenue of only about $7.5 million and negative EBITDA near $73 million, underscoring how much of the valuation rests on future expectations rather... WallStreetZen

Below is a structured rundown of the latest news, forecasts and analyses on Rigetti stock as of December 5, 2025, suitable for readers tracking the name via Google News or Discover. According to multiple market data providers, Rigetti Computing shares: WallStreetZen These numbers frame Rigetti firmly as a high‑growth, high‑risk quantum computing pure play, where investors are paying for optionality on future technology leadership rather than current profitability. Rigetti's top-line performance showed significant deterioration, with revenue contracting 41.6% year-over-year to $1.8 million. This marks a continuation of a challenging commercial environment for the company. However, after three consecutive quarters of sequential declines, revenue did see a modest 20% uptick from Q1 2025, a potential, albeit early, sign of stabilization.

While the operating loss of -$19.9 million widened from the prior year, it represented a notable sequential improvement from the -$21.6 million loss in Q1 2025. This suggests that some measures of cost discipline are beginning to take hold, a crucial development as the company navigates its pre-commercial phase. The chart below illustrates the diverging trends between the sharp revenue decline and the recent moderation in operating losses. Furthermore, the headline GAAP Net Loss of -$39.7 million, or -$0.13 per share, is distorted by significant non-cash items. The figure includes a $22.8 million loss from the change in fair value of derivative warrant and earn-out liabilities. This volatility, stemming from accounting adjustments rather than core operations, makes the GAAP net income an unreliable metric for assessing the company's fundamental performance, as visualized by the erratic swings compared to the more...

The most significant event of the quarter was the radical transformation of Rigetti's balance sheet. Through an at-the-market offering and a private placement, the company raised approximately $385 million in gross proceeds. This has swelled its cash, cash equivalents, and available-for-sale investments to a formidable $571.6 million, all while remaining completely debt-free. This massive capital buffer effectively de-risks the company from a liquidity standpoint, providing a multi-year runway to pursue its ambitious R&D roadmap without near-term financing pressures. However, this security came at the direct cost of significant shareholder dilution, with the weighted average basic share count increasing by 73.5% over the past year. Management has executed a classic deep-tech strategy: trading equity for time and the resources to innovate.

Electro Optic Systems Holdings is entering 2026 with significant momentum, following a remarkable share price surge of... Investors in quantum computing pioneer Rigetti Computing are facing substantial losses following a severe market downturn. The company’s shares have collapsed by more than 40% over just ten trading sessions, with Thursday alone bringing an additional 11% decline. This marks the sixth consecutive day of losses for the quantum technology firm, leaving market participants searching for explanations behind the dramatic sell-off. The sharp decline stems from Rigetti’s third-quarter results for fiscal year 2025. While the company reported an adjusted loss per share of $0.03, slightly better than anticipated, the revenue figures delivered an unpleasant surprise.

Rigetti generated only $1.9 million in revenue, falling significantly short of the $2.17 million analysts had projected. The situation appears even more concerning when compared to the same quarter last year, when the company posted $2.4 million in revenue. A deeper examination of the financial statements reveals more fundamental problems. The company’s gross margin experienced a dramatic contraction, collapsing to 21% from 51% during the same period last year. This margin erosion points to significant operational efficiency challenges. Meanwhile, operating losses expanded to $20.5 million, compared to $17.3 million in the prior-year quarter.

Rigetti reported a GAAP net loss of $201 million, though this figure primarily resulted from accounting adjustments related to stock-based compensation. The adjusted net loss stood at $10.7 million. Should investors sell immediately? Or is it worth buying Rigetti?

Rigetti Computing Stock Plummets 42 In November Following 18 Revenue

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