Overview
- Rigetti shares now trade about 66% below their all‑time highs, reflecting a sharp swing in sentiment toward the quantum‑computing firm.
- Rigetti builds superconducting quantum chips and sells access to its machines through a cloud service, with some hardware work for government and research buyers.
- In 2025 the company posted about $7.1 million in revenue and more than $216 million in GAAP net losses, highlighting a wide gap between sales and spending.
- Results for the first quarter of 2026 showed revenue of $4.4 million with operating losses still in place, indicating progress on sales without a clear path to profit.
- Valuation remains extreme at roughly 607 times sales, and the article flags risk signs such as the CEO selling about 1 million shares near last year’s peak for roughly $11 million.