Rigetti Computing Inc. (RGTI) stock falls on Q1 2026 Earnings

Rigetti Computing Inc. (RGTI) reported first-quarter 2026 results showing strong revenue growth alongside mixed profitability and cash-flow dynamics.

Revenue: $4.4 million (up 198.9% year-over-year).

Gross profit: $1.4 million (up 211.8% year-over-year).

Cost of sales: $3.0 million (up 193.4% year-over-year).

Operating loss: -$26.0 million (improved 20.0% year-over-year).

Net income attributable to common shareholders: $33.1 million (down 22.3% year-over-year).

Per-share results and analyst comparisons:

Diluted loss per share: -$0.06 (down 146.2% year-over-year) versus an estimate of -$0.04.

Revenue outperformed the consensus estimate: actual $4.4 million versus estimate of $4.0 million.

Balance sheet and cash-flow highlights:

Cash and cash equivalents: $48.1 million (up 29.6% year-over-year).

Total liabilities: $67.1 million (up 8.2% year-over-year).

Operating cash flow: -$16.2 million (improved 18.8% year-over-year).

Purchases of property, plant and equipment: -$4.4 million (up 73.2% year-over-year).

Market reaction:

Stock price change since market close: -1.61%.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Rigetti Computing Inc. Insider Trading Activity

Rigetti Computing Inc. insiders have traded $RGTI stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $RGTI stock by insiders over the last 6 months:

MICHAEL S. CLIFTON sold 150,000 shares for an estimated $4,100,805
ALISSA FITZGERALD sold 59,316 shares for an estimated $1,329,378
DAVID RIVAS (CHIEF TECHNOLOGY OFFICER) sold 41,935 shares for an estimated $1,104,555
JEFFREY A. BERTELSEN (CHIEF FINANCIAL OFFICER) sold 3,702 shares for an estimated $97,551

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

Rigetti Computing Inc. Hedge Fund Activity

We have seen 255 institutional investors add shares of Rigetti Computing Inc. stock to their portfolio, and 225 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 9,245,100 shares (-72.4%) from their portfolio in Q4 2025, for an estimated $204,778,965
TIDAL INVESTMENTS LLC removed 4,748,785 shares (-99.8%) from their portfolio in Q4 2025, for an estimated $105,185,587
VANGUARD GROUP INC added 3,924,171 shares (+12.2%) to their portfolio in Q4 2025, for an estimated $86,920,387
PRICE T ROWE ASSOCIATES INC /MD/ removed 3,909,881 shares (-80.9%) from their portfolio in Q4 2025, for an estimated $86,603,864
VICTORY CAPITAL MANAGEMENT INC added 2,422,873 shares (+1632.5%) to their portfolio in Q4 2025, for an estimated $53,666,636
UBS GROUP AG added 2,012,366 shares (+71.0%) to their portfolio in Q1 2026, for an estimated $28,253,618
CANTOR FITZGERALD, L. P. removed 1,854,353 shares (-88.1%) from their portfolio in Q4 2025, for an estimated $41,073,918

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

Rigetti Computing Inc. Analyst Ratings

Wall Street analysts have issued reports on $RGTI in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wedbush issued a "Outperform" rating on 01/21/2026
Rosenblatt issued a "Buy" rating on 01/21/2026
Mizuho issued a "Outperform" rating on 12/11/2025

To track analyst ratings and price targets for Rigetti Computing Inc., check out Quiver Quantitative's $RGTI forecast page.

Rigetti Computing Inc. Price Targets

Multiple analysts have issued price targets for $RGTI recently. We have seen 7 analysts offer price targets for $RGTI in the last 6 months, with a median target of $35.0.

Here are some recent targets:

David Williams from Benchmark set a target price of $25.0 on 03/20/2026
Vijay Rakesh from Mizuho set a target price of $43.0 on 03/05/2026
John McPeake from Rosenblatt set a target price of $40.0 on 03/05/2026
N. Quinn Bolton from Needham set a target price of $31.0 on 03/05/2026
Craig Ellis from B. Riley Securities set a target price of $35.0 on 01/22/2026
Antoine Legault from Wedbush set a target price of $40.0 on 01/21/2026
Kevin Garrigan from Jefferies set a target price of $30.0 on 12/16/2025