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RGRGTI

Rigetti Computing, Inc.

$RGTI·$3.9B·Computer Hardware·Technology
$11.80-6.6%YTD-43.4%1Y-75.4%
Price updated 7h ago·X counts updated 5d ago
RGRGTI
$RGTIRigetti Computing, Inc.
$11.80-6.57%678 posts1×
AI analysisFundamentalsVoices on X
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On X

The complete picture of $RGTI on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

678X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $RGTI's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Mixed sentimentAI analysisGenerated by AI from underlying data11 posts analyzed · as of 2026-09-16

Rigetti sits in a real tug-of-war. The bull catalyst is the US government's $100M equity stake alongside $QBTS and $QNT (with $200M for R&D) — one of several policy-driven quantum wins now stacking up. The bear voice is CEO Subodh Kulkarni's just-disclosed $1.897M share dump per Form 144, framed as "scam style" insider selling into the Trump rally. Both sides real, neither dominant.

Read what X is saying about $RGTI

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $RGTI — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Driven by hypeSelling offAI verdict · as of 2026-10-02

Falling on heavy selling — points lower unless it turns around.

Policy-driven quantum story with $100M of CHIPS Act money — and a CEO who just dumped $1.9M into exactly that rally.

Rigetti Computing is a full-stack quantum computing company — superconducting processors, hardware, and cloud access to its machines. The stock is down 48% TTM and at 7% of its 52-week range, caught between a $100M US government CHIPS Act award and a CEO who sold at the top of the September rally.

  • The business is pre-commercial: revenue grew 199% YoY off a tiny base ($4.4M last quarter) at a -590% operating margin — the policy tailwinds buy time, but there is no near-term path to breakeven, and valuation at 686x sales assumes outcomes still 5+ years out.
  • The CHIPS Act $100M award is the real catalyst — one of several US government quantum policy wins now stacking up ($QBTS and $QNT got similar awards), confirming superconducting quantum is treated as critical infrastructure.
  • CEO Subodh Kulkarni's Form 144 disclosure of a $1.9M share sale (120K shares at $15.68 after exercising at $0.96) is a legitimate counter-signal — a CEO selling 10x position at the top of a policy-driven rally is the exact "take profits" tell X critics are calling out.

Breaking-down holds unless Nov 9 earnings confirm the $100M CHIPS deployment schedule, additional government contracts land, or a specific commercial pilot with a hyperscaler goes live. A soft quarterly print or more CEO-level selling is what seals the de-rating; a signed hyperscaler partnership is what breaks the tape higher.

Agrees with X sentimentThe X split is genuine — the $100M CHIPS Act stake is real and policy-driven; CEO Kulkarni's $1.9M dump is the honest counter-signal the posters are correct to flag; both are facts, and the breaking-down tape says the market is pricing the second over the first for now.

What to watch: Nov 9 earnings — CHIPS Act $100M deployment schedule, revenue versus the $4-5M quarterly range, and any specific commercial hyperscaler-quantum pilot. More CEO-level selling, or no commercial pilot, is what seals the breaking-down.

On the calendar: 2026-11-09 — Q3 FY26 earnings

Read the AI verdict on $RGTI

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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What it does

Plain-English summary of the business — what they sell and how they make money.

Builds superconducting quantum processors and offers cloud-based quantum computing services for research and enterprise.

Industry overviewAI analysisGenerated by AI from underlying data

Where Computer Hardware sits in its cycle right now — and what that implies for $RGTI.

Computer Hardware · Technology

No material change from last week — hyperscaler AI server capex continues to drive the cycle.

What this means for $RGTI

Neutral — Builds superconducting quantum processors and offers cloud-based quantum computing services for research and enterprise.

Top industry ETF

$SOXXiShares Semiconductor ETF
+83.9%YTD
+70.7%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-30.4How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-15.1%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-8.9%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-1.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
686.3Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-43.9%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-19.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.0Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 6, 2026$-0.05$-0.05-8.6%
Q1 2026May 11, 2026$-0.04$-0.04+2.0%
Q4 2025Mar 4, 2026$-0.03$-0.05+40.0%
Q3 2025Nov 10, 2025$-0.03$-0.04+28.0%
Next earningsTue, Nov 10·consensus EPS $-0.05

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$4.4M+198.9%-28.1%-590%$0.10$-20.6M
Q4 FY25$1.9M-17.9%-92.1%-1210%$-0.06$-19.5M
Q3 FY25$1.9M-18.1%20.7%-1055%$-0.62$-19.7M
Q2 FY25$1.8M-41.6%31.4%-1104%$-0.13$-21.8M

Forward consensus

5-year forecast · up to 10 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$23.2M$18.9M – $29.1M-$0.19-$0.21 – -$0.1610
FY27$51.2M$30.9M – $95.2M-$0.19-$0.29 – -$0.139
FY28$83.2M$65.7M – $141.5M-$0.18-$0.30 – -$0.128
FY29$128.9M$94.9M – $195.8M-$0.23-$0.39 – -$0.156
FY30$221.3M$163.0M – $336.3M-$0.15-$0.26 – -$0.106

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.1×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.2%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-25.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-33.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 328.0M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.035-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellSep 9Subodh K KulkarniCEO120.0K sh$1.9MSellSep 3Jeffrey A. BertelsenCFO25.0K sh$375KSellAug 20Jeffrey A. BertelsenCFO3.9K sh$65KSellAug 20David RivasCOO9.0K sh$152KSellAug 20Bestwick Andrew JosephCTO5.8K sh$97KSellJun 22Ray O JohnsonDirector84.9K sh$1.7MSellJun 15Michael S. CliftonDirector94.7K sh$1.1MSellJun 12Michael S. CliftonDirector4.4K sh$50KSellJun 8Ray O JohnsonDirector122.2K sh$2.6MSellJun 3Michael S. CliftonDirector54.0K sh$621K
1–10 of 17
+ 9 other (5 awards · 4 exempts) in window

See when $RGTI insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementSep 88-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Rigetti Computing entered into a CHIPS Act Other Transaction Agreement with the U.S. Department of Commerce on September 4, 2026, securing up to $100 million to accelerate superconducting quantum computing R&D across three workstreams: (1) compressing readout electronics into an integrated miniaturized package, (2) expanding cryogenic capacity by orders of magnitude using a new cryostat architecture, and (3) developing fabrication capabilities for high-connectivity chip architectures. The period of performance runs up to five years. The company also issued unregistered shares in connection with the award under the Section 4(a)(2) exemption.

3New insider — initial holdingsAug 203
8-KOfficer or director changeAug 208-K — Item 5.02: Officer or director change
8-KOfficer or director changeAug 208-K — Item 5.02: Officer or director change · Item 7.01: Press release / Reg FD · Item 8.01: Other event
8-KShareholder voteJun 118-K — Item 5.07: Shareholder vote
AI summary

Rigetti Computing held its 2026 Annual Meeting on June 9, 2026. Stockholders elected Subodh Kulkarni as a Class I Director to serve until 2029 (84.4M For, 9.9M Withheld, 93.7M broker non-votes); and ratified BDO USA, P.C. as independent auditor for fiscal year ending December 31, 2026 (185.1M For, 1.5M Against). Both proposals passed without meaningful opposition. This is routine governance; no contested directors, no compensation concerns.

8-KUnregistered equity saleMay 218-K — Item 3.02: Unregistered equity sale · Item 7.01: Press release / Reg FD · Item 8.01: Other event
AI summary

Rigetti Computing, Inc. (RGTI) filed an 8-K on May 20, 2026 disclosing unregistered equity sales (Item 3.02), a Regulation FD disclosure (Item 7.01), and an other-event announcement (Item 8.01). Rigetti is a Berkeley, California-based quantum computing company listed on Nasdaq. The combination of Items 3.02 and 7.01 typically indicates a concurrent private placement alongside an investor presentation; this represents dilutive equity activity for a pre-revenue quantum computing company.

8-KMaterial agreementApr 218-K — Item 1.01: Material agreement
AI summary

RGTI entered into a material definitive agreement (8-K Item 1.01, dated 2026-04-21). Counterparty: Chinook Therapeutics, Inc. (the “Sublandlord”). Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

+ 12 other (3 13Gs · 2 10-Qs · 2 earnings 8-Ks · 2 proxys) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Rigetti Computing, Inc. (RGTI) Suffers a Larger Drop Than the General Market: Key Insightszacks.com·9h agoRigetti Falls 21% in the Past Month: Hold or Fold the Stock Now?zacks.com·17h agoQuantum Computing Is Still Years Away. These 6 Stocks Show Who Is Closest to Real Revenue.fool.com·19h agoQuantum Computing Stocks Rebound After Dilution Scare: IonQ and Rigetti Climb 3%, D-Wave Advances 2%247wallst.com·2d agoBigBear.ai vs. Rigetti Computing: Which Technology Stock Is a Better Buy in 2026?fool.com·3d ago

In themes

Explore the broader themes this ticker is being talked about under.

Quantum Computing

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Voices on X · last 7 days

No standout posts about $RGTI on X in the last 7 days.

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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