Rigetti Computing (NasdaqCM:RGTI) Reports US$43 Million Profit Despite Drop In Sales

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Rigetti Computing (NasdaqCM:RGTI) Reports US$43 Million Profit Despite Drop In Sales

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recently reported a significant improvement in its financial performance, transitioning from a loss to a profit despite a decline in sales. This positive earnings report, along with notable developments such as securing a multinational grant with QphoX B.V. and the National Quantum Computing Centre, likely added weight to the stock’s 8% rise over the past month. The market’s 4% increase during the same ******* suggests that Rigetti’s upward movement was aligned with broader market trends.

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NasdaqCM:RGTI Revenue & Expenses Breakdown as at May 2025

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Rigetti Computing’s shares delivered a very large total return of 647.35% over the last year. When compared to the US Semiconductor industry, which returned 18.5% during the same *******, Rigetti’s share performance is markedly superior. This significant increase in the stock’s value provides long-term context to the recent short-term gains of 8% noted in the prior month.

The recent developments in Rigetti’s business, such as turning a profit and securing collaborative grants, may contribute to favorable revenue and earnings forecasts. These advancements suggest a strengthened position that could support future growth prospects. Despite these gains, Rigetti remains currently unprofitable overall. The share’s current price is valued at a discount relative to the consensus analyst price target of US$15. With analysts indicating potential for a 52.1% increase, the stock’s upward movement aligns with optimistic market perspectives but requires careful monitoring amid high volatility.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NasdaqCM:RGTI.

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#Rigetti #Computing #NasdaqCMRGTI #Reports #US43 #Million #Profit #Drop #Sales

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