RGTI Stock: Stocks of Rigetti Computing (NASDAQ: RGTI) are drawing mixed reactions from Wall Street this week after the quantum computing firm completed a $350 million at-the-market (ATM) equity offering. The move strengthens Rigetti’s balance sheet considerably, but analysts remain cautious amid weak revenue projections and ongoing volatility.
Rigetti closed Tuesday at $11.42, up 0.88% on the day. Despite recent swings, the stock has surged an astonishing 1,040% over the past year—making it one of the most closely watched names in the quantum computing space. However, year-to-date, RGTI is still down nearly 29%, highlighting investor uncertainty about its future trajectory.
The $350 million raised now brings Rigetti’s total cash reserves to approximately $575 million, with zero debt on the books. The company says the fresh funds will support working capital, capital expenditures, and possible strategic acquisitions or partnerships as it pushes forward with commercialization of its superconducting gate-based quantum systems.
Rigetti, known for its full-stack quantum-classical computing approach, has been providing cloud-based quantum services since 2017. It also offers on-premises quantum systems and recently introduced the 9-qubit Novera QPU for advanced R&D applications. Its vertically integrated chip manufacturing facility, Fab-1, is another unique strength in the competitive quantum tech landscape.
Still, financial headwinds remain. For the current quarter, analysts expect Rigetti to post a loss of $0.06 per stock, despite a modest 14.3% improvement over last year. Revenue is projected to come in at just $1.91 million—a steep 38.2% drop from the same quarter last year.
Zacks Investment Research has assigned Rigetti a #4 “Sell” rating, citing weak earnings revisions and valuation concerns. The company currently trades at a premium relative to its peers and has only beaten EPS estimates once in the last four quarters.
Analysts also expect a loss of $0.05 per stock for the full year—an 86% improvement year-over-year. However, revenue is projected to decline 18.6% to $8.78 million. In contrast, forecasts for next fiscal year are much more optimistic, with revenue expected to rise more than 200% to $26.76 million.
Investor interest remains high. RGTI has consistently ranked among the most searched stocks on financial platforms in 2025. However, its recent performance has lagged the broader Internet-Software sector, which gained over 14% last month compared to Rigetti’s 2% decline.