Rigetti Computing Shares Climb 4.29% as $1.09B Volume Ranks 72nd in Daily Trading

Rigetti Computing (RGTI) rose 4.29% on August 14, 2025, with a trading volume of $1.09 billion, marking a 29.12% decline from the prior day’s activity. The stock ranked 72nd in market volume for the day, reflecting mixed investor sentiment amid operational and financial updates.

The company reported a 41.6% year-over-year revenue drop to $1.8 million in Q2 2025, alongside a $39.7 million net loss. Gross margin fell sharply to 31.4% from 65% in the prior year, driven by rising R&D costs and operating expenses up 23.6%. Despite these challenges, Rigetti highlighted a 99.5% median two-qubit gate fidelity in its 36-qubit Cepheus-1-36Q system, a significant improvement over its predecessor. The firm also secured $350 million via an equity offering, increasing cash reserves to $571.6 million but sparking dilution concerns due to a near-doubling of its share count.

Management reaffirmed plans to launch a 100+ qubit system by year-end, positioning the company closer to fault-tolerant quantum computing. However, competitive pressures persist as industry peers advance their quantum capabilities, potentially complicating Rigetti’s path to market differentiation.

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