Rigetti Computing, Inc. (RGTI)

Caution
Caution: carries more cash than debt
$15.59
Last close
-6.0%
1-year return
RGTI Bull Case vs. Bear Case

A data-driven read of RGTI's strengths and risk factors, built from its financials, earnings history, analyst activity, and insider trading, not opinion or speculation.

Strengths
Holds more cash & investments than debt (net cash position).
Analyst coverage has grown 50% over the history on record.
Analyst consensus is Strong Buy across 10 analysts.
Watch Items
Revenue declined 34.3% year over year.
Gross margin has declined for 3 straight years on record.
Operating margin has compressed for 2 straight years on record.
Free cash flow was negative in the most recent year.
Operating cash flow covers only 27% of net income, profit isn't fully backed by cash.
Share count grew 16.8% year over year, meaningful dilution.
Who's Bullish on RGTI, and Who Isn't

Five independent market signals, analysts, institutions, insiders, short sellers, and price trend, each scored from real, current data. See exactly where the smart money agrees, and where it's split.

Signals are mixed: 1 of 5 available lean bullish, 4 lean bearish.

Institutions
-2.84M shares net this 13F cycle
Insiders
Net selling
Analysts
Strong Buy consensus, 10 analysts
Short Sellers
Short interest rising, 2 straight reports
Price Trend
Downtrend, price below a falling 50-day average
Valuation check: Analyst price targets have been rising even as revenue growth has been slowing, worth a closer look at what's driving the optimism.
RGTI's Biggest Trading Days

Every trading day in the last 2 years where RGTI moved 4% or more in a single session, most recent first, a quick read on how volatile this stock has really been. See full daily price history →

DateMoveClose
Aug 28, 2026-5.17%$15.59
Aug 26, 2026-5.90%$15.94
Aug 24, 2026-8.60%$16.37
Aug 21, 2026+11.48%$17.91
Aug 20, 2026-5.50%$16.07
Aug 19, 2026-8.94%$17.00
Aug 7, 2026+8.53%$17.94
Aug 4, 2026+8.93%$17.45
Aug 3, 2026+7.16%$16.02
Jul 30, 2026+12.41%$14.86
Jul 29, 2026-8.95%$13.22
Jul 28, 2026-7.16%$14.52
Jul 27, 2026+10.53%$15.64
Jul 24, 2026-4.71%$14.15
Jul 21, 2026+7.23%$15.28
Jul 16, 2026-7.54%$14.10
Jul 15, 2026-5.34%$15.25
Jul 14, 2026+4.88%$16.11
Jul 13, 2026-7.13%$15.36
Jul 7, 2026-7.85%$16.55
Jun 29, 2026+5.88%$19.44
Jun 25, 2026-5.73%$18.41
Jun 24, 2026-8.22%$19.53
Jun 18, 2026+5.48%$21.36
Jun 16, 2026-9.07%$20.64

Showing the 25 most recent of 249 on record. Full history is on the Price Insights page.

The RGTI Timeline: Earnings, Insider Trades & Analyst Calls

Every major event from the past 12 months, earnings reports, insider transactions, and analyst upgrades or downgrades, merged into a single chronological feed so you can see what clustered together.

IAug 20, 2026Bestwick Andrew Joseph: Sale$97K
IAug 20, 2026Rivas David: Sale$152K
IAug 20, 2026Bertelsen Jeffrey A.: Sale$65K
EAug 6, 2026Q2 '26 earnings: missed EPS-148.8% surprise
IJun 22, 2026Johnson Ray O: Sale$1,745K
IJun 8, 2026Johnson Ray O: Sale$2,603K
IJun 1, 2026Kulkarni Subodh K: Sale$1,487K
IMay 29, 2026Rivas David: Sale$12,681K
IMay 28, 2026Kulkarni Subodh K: Sale$1,133K
IMay 22, 2026Rivas David: Sale$431K
IMay 22, 2026Bertelsen Jeffrey A.: Sale$84K
EMay 11, 2026Q1 '26 earnings: missed EPS-1.7% surprise
IMar 10, 2026Rivas David: Sale$643K
IMar 10, 2026Bertelsen Jeffrey A.: Sale$75K
EMar 4, 2026Q4 '25 earnings: missed EPS-13.2% surprise
RFeb 12, 2026TD Cowen: DowngradeHold
RJan 22, 2026B. Riley Securities: UpgradeBuy
IJan 2, 2026Fitzgerald Alissa: Sale$1,329K
IDec 9, 2025Clifton Michael S.: Sale$4,101K
INov 20, 2025Rivas David: Sale$1,105K
INov 20, 2025Bertelsen Jeffrey A.: Sale$98K
ENov 10, 2025Q3 '25 earnings: missed EPS-974.8% surprise
RNov 3, 2025B. Riley Securities: DowngradeNeutral
IOct 17, 2025Sandford Helene Gail: Sale$2,783K
ISep 19, 2025Sandford Helene Gail: Sale$436K
Sector
Technology
Industry
Computer Hardware
Exchange
NASDAQ

Rigetti Computing, Inc., through its subsidiaries, builds and operates quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems to provide access to quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS). It provides Novera, a 9-qubit chip QPU that features tunable couplers for fast two-qubit operations and a 5-qubit chip for testing single-qubit operations; Novera QPU that is based in fourth generation Ankaa-class architecture; 36-qubit Cepheus-1-36Q system, a multi-chip quantum computer; and 84-qubit Ankaa-3 quantum computer. The company also sells access to its quantum computers through QCaaS. In addition, the company offers Rigetti quantum cloud services, a platform that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public and private cloud architectures. Further, it offers QCS Outpost, a distributed software environment for operating, administering, and monitoring the overall system; Rigetti Foundry Services that delivers superconducting quantum chips to advance and accelerate quantum information science and technology research and development; and professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities, as well as academia, defense laboratories, and national laboratories. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California.

775 Heinz Avenue, Berkeley, CA, 94710, United States, 510 210 5550

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RGTI By the Numbers

A complete statistical profile built from RGTI's full price, financial, and ownership history, not an isolated snapshot. Explore any category in depth below.

Price & Momentum
Full price insights →
Volatility regime
Right around normal
52-week range position
6%
Trend
Downtrend, price below a falling 50-day average
Current streak
1d down
View full historical prices →
Financial Health
Full financial statements →
Revenue growth
Contracting
FCF conversion
36%
Net cash
$44.85M
Share count, 1yr
+16.8%
Earnings
Full earnings history →
EPS beat rate
+33%
Current streak
5q miss
Analyst Coverage
Full analyst ratings →
Consensus
Strong Buy
Avg target upside
+90.3%
Target agreement
Wide disagreement
Insider Activity
Full insider transactions →
Net flow
-$41.34M
Transactions on record
26
Short Interest
Full short interest →
Shares short
63.4M
Days-to-cover percentile
72th
Days to cover
3.0
Institutional Ownership
Full institutional holders →
Total holders
370
Net flow this cycle
-$1.30B
Top 10 concentration
+94%
This overview draws together RGTI's price action, fundamentals, and market activity into one view, click through any section above for the full underlying analysis. The bull/bear breakdown and agreement matrix combine independently-sourced signals and are not a recommendation; any single signal can be wrong, and agreement between them is not a guarantee of future performance. This is historical data, not investment advice. Read disclaimer →