Rigetti Stock Skids After Q4 Earnings: Here's Why

Core Viewpoint - Rigetti Computing Inc. reported its fourth-quarter earnings, which missed revenue expectations, leading to a decline in stock price during extended trading hours [1][2]. Financial Performance - The company reported a quarterly loss of $0.03 per share, aligning with consensus estimates [2]. - Quarterly revenue was $1.87 million, falling short of the analyst consensus estimate of $2.34 million [2]. - As of December 31, 2025, Rigetti's cash, cash equivalents, and available-for-sale investments totaled $589.8 million [2]. Management Commentary - CEO Dr. Subodh Kulkarni highlighted significant progress in fidelity, scale, and system architecture during 2025 [3]. - There is a growing demand for on-premises quantum systems from government and research institutions, as noted by Dr. Kulkarni [3]. Stock Performance - Rigetti's stock price decreased by 3.21% to $17.19 in Wednesday's extended trading [3].