Rigetti Computing (NASDAQ:RGTI) Stock Price Up 4.7% After Strong Earnings

Rigetti Computing, Inc. (NASDAQ:RGTI)’s share price was up 4.7% on Wednesday following a better than expected earnings announcement. The company traded as high as $17.96 and last traded at $17.76. Approximately 26,026,912 shares changed hands during trading, a decline of 17% from the average daily volume of 31,469,596 shares. The stock had previously closed at $16.96.

The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The company had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing’s quarterly revenue was down 17.9% on a year-over-year basis.

Rigetti Computing News Summary

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Won a meaningful government order — Rigetti disclosed an approximately $8.4M purchase order from India’s C‑DAC for a 108‑qubit on‑premises system, validating demand from national customers for on‑prem hardware. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Major tech milestone — the company reported two‑qubit gate fidelity as high as 99.9% on a prototype and strong median fidelities across its 9Q, 36Q and 108Q platforms, which supports its scaling story and competitive positioning. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Strong liquidity — cash, cash equivalents and available‑for‑sale investments totaled ~$589.8M at year‑end, giving the company runway to fund R&D and system deployments. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Wall Street support — several analysts maintain buy/outperform ratings and a median six‑month target near $40, which can underpin sentiment despite near‑term fundamentals. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Neutral Sentiment: Operational outlook / near‑term revenue catalyst — management flagged anticipated year‑over‑year Q1 revenue growth tied to previously announced Novera system shipments; this is a potential catalyst but remains execution‑dependent. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Revenue missed and remains very small — Q4 revenue was ~$1.9M versus analyst expectations (~$2.3M); full‑year revenue fell to $7.1M, underscoring limited near‑term commercial traction. Rigetti (RGTI) Earnings / Revenue Details
• Negative Sentiment: Large GAAP losses and widening operating loss — GAAP net loss for 2025 was $216.2M (operating loss widened), which keeps profitability distant and raises execution and cash‑burn risk despite non‑GAAP adjustments. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Negative Sentiment: Insider and institutional selling — recent data show multiple insider sales and some large institutional reductions, which can weigh on sentiment if sustained. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results (Quiver summary)
• Negative Sentiment: Street reaction: some outlets flagged the revenue miss and widening loss as reasons for weakness after the print. Rigetti Computing Stock Falls After Earnings. The Quantum Pure Play Faces Key Challenges.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Rigetti Computing in a research note on Wednesday, January 21st. Jefferies Financial Group started coverage on shares of Rigetti Computing in a research report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price objective on the stock. Williams Trading set a $40.00 target price on shares of Rigetti Computing in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.60.

Institutional Trading of Rigetti Computing

Several hedge funds have recently bought and sold shares of the stock. Tempo Wealth LLC purchased a new position in shares of Rigetti Computing during the fourth quarter valued at about $617,000. Corient Private Wealth LLC boosted its stake in Rigetti Computing by 312.1% during the fourth quarter. Corient Private Wealth LLC now owns 61,759 shares of the company’s stock valued at $1,368,000 after buying an additional 46,774 shares during the last quarter. Vident Advisory LLC boosted its stake in Rigetti Computing by 2.8% during the fourth quarter. Vident Advisory LLC now owns 44,611 shares of the company’s stock valued at $988,000 after buying an additional 1,218 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in Rigetti Computing during the 4th quarter valued at approximately $23,459,000. Finally, Wellington Management Group LLP increased its stake in Rigetti Computing by 27.3% in the 4th quarter. Wellington Management Group LLP now owns 1,007,337 shares of the company’s stock worth $22,313,000 after acquiring an additional 215,817 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Rigetti Computing Stock Performance

The firm has a market capitalization of $5.86 billion, a PE ratio of -13.66 and a beta of 1.71. The company has a fifty day moving average price of $20.49 and a 200-day moving average price of $25.81.

Rigetti Computing Company Profile

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.