Rigetti Shares Drop 66% as 2025 Revenue Hits $7.1M Against $216M Loss
Rigetti Computing shares have plunged 66% from their 2025 peak after reporting just $7.1 million in revenue versus a $216 million net loss and carrying a P/S ratio of 607 with $100 million in annual operating losses. CEO Subodh Kulkarni will host a virtual quantum symposium fireside chat on May 21.
1. Shares Plunge 66% from 2025 Highs
Rigetti stock has declined 66% from its highest 2025 level following speculative gains and heightened scrutiny from the investor community.
2. Weak 2025 Financials Raise Valuation Concerns
In 2025, Rigetti reported $7.1 million in revenue against a $216 million net loss, resulting in a P/S ratio of 607 and operating losses near $100 million, while recent insider selling has underscored concerns over near-term commercialization prospects.
3. CEO to Host Virtual Quantum Symposium Chat
CEO Dr. Subodh Kulkarni is scheduled to participate in a virtual fireside chat at the Canaccord Genuity Quantum Symposium on May 21 at 12:00 PM ET, with a live webcast and 90-day replay available via the company’s Investor Relations site.
4. Diverse Quantum Computing Portfolio
Rigetti’s full-stack quantum computing offerings span on-premises 9- to 108-qubit systems, proprietary chiplet-based Cepheus processors, and cloud-hosted Quantum Cloud Services, leveraging 50–70 ns gate speeds from superconducting qubits and in-house Fab-1 manufacturing infrastructure.