NASDAQ: RGTI | July 10, 2025 – Berkeley, CA – Rigetti Computing, Inc. (NASDAQ: RGTI) has captured Wall Street’s attention in recent months following its surprise shift to profitability, major progress on quantum processor development, and new government and commercial partnerships. The RGTI stock price has rallied over 600% in the past 12 months, driven by renewed investor optimism and critical milestones in quantum hardware.
On July 9, 2025, Rigetti stock closed at $13.64, up 43% over the past 30 days, fueled by continued momentum from a strategic $35 million equity investment by Quanta Computer and the rollout of its most advanced quantum processor to date. Analysts and investors are closely watching Rigetti’s ability to scale qubit fidelity and count, two critical performance benchmarks that could determine commercial viability in the competitive quantum computing landscape.
Q1 Profit Shocked Markets – RGTI Stock Price Reacts
Rigetti surprised investors in Q1 2025 by reporting net income of $42.6 million, a sharp reversal from a $21 million loss in Q1 2024. While the gain was primarily due to a one-time, non-cash benefit linked to warrant and earn-out liabilities, the result marked the company’s first profitable quarter. Total revenue for the quarter came in at $1.5 million, a drop from $3.1 million in the same period last year, but operating expenses were consistent, reflecting continued investment in R&D.
The company ended the quarter with $237.7 million in cash, bolstered by a private placement with Quanta Computer at $11.59 per share. This significant liquidity extension has given Rigetti ample runway to execute on its roadmap without near-term dilution, a factor that has been well-received in investor circles.
Brokerages tracking RGTI stock have responded positively. According to MarketBeat, all six analysts covering Rigetti stock rate it a “Buy,” with a consensus 12-month target price near $14.20, a modest upside from current levels.
Amid this financial momentum, SoFi Invest, an innovative investing platform, has reported increased activity in high-volatility tech stocks like RGTI, signaling elevated interest from retail traders and early-growth investors.
Strategic Partnerships Strengthen Position in Quantum Race
Rigetti’s valuation, currently hovering near $3.9 billion, is underpinned by tangible progress on its quantum roadmap. In April, the company launched its 84-qubit “Ankaa-3” system, achieving a median two-qubit gate fidelity of 98.6% and laying the foundation for its goal to deliver a 100+ qubit processor with 99.5% fidelity by year-end.
These benchmarks are not theoretical. Rigetti is actively leveraging its technology in multiple government-backed R&D contracts:
A $5.48 million award from the U.S. Air Force Office of Scientific Research for chip design advancements
A lead role in the UK’s £3.5 million Quantum Mission consortium, focused on scalable error correction
Participation in DARPA’s Quantum Benchmarking Initiative, evaluating performance metrics across platforms
These engagements not only offer non-dilutive funding but also increase credibility as Rigetti competes with larger players like IBM and IonQ.
RGTI Stock Price Powered by Technical Advances
Beyond funding, Rigetti continues to make scientific headlines. In early 2025, the company, in collaboration with Harvard and MIT, demonstrated optical control of superconducting qubits, an innovation that could dramatically simplify chip architecture by replacing heat-intensive microwave wiring with light-based signals. This research, published in Nature Physics, could pave the way for more scalable quantum systems.
Rigetti also introduced a proprietary quantum optimization algorithm called quantum preconditioning, successfully applied to simulated U.S. power grid data. This is one of the first demonstrations of a Rigetti quantum processor offering measurable improvements in real-world hybrid computing use cases, a critical step toward achieving quantum utility.
From a technical perspective, RGTI stock price has broken above both its 50-day and 200-day moving averages, currently resting at ~$11.70 and ~$11.07, respectively. The stock’s beta of 1.43 highlights elevated volatility, but also underscores its responsiveness to positive catalysts. This dynamic has been a point of attraction for SoFi Invest users, many of whom have taken a bullish position on emerging quantum stocks based on technical breakouts.
Analyst Sentiment and Outlook for Rigetti Stock
Rigetti’s pure-play status in quantum hardware has made it a popular subject in both institutional analyst notes and retail forums. Unlike competitors pursuing photonic or trapped-ion approaches, Rigetti’s vertically integrated superconducting platform, supported by its in-house Fab-1 chip facility, allows for faster prototyping and internal control over the tech stack.
The investment community remains broadly optimistic. Craig-Hallum recently reiterated its “Buy” rating, citing Rigetti’s technological differentiation and strong liquidity. CNN Money analysts reflect a similar stance, with no current “Sell” ratings.
However, risks remain. With 2024 revenue totaling just $10.8 million and continued high operating costs, Rigetti must prove that its technology can translate into recurring revenue, not just research contracts. Management has signaled its intent to ramp up commercial deployment through cloud partnerships and on-premise systems as technical thresholds are crossed.
The next earnings call will be closely watched for updates on sales momentum and the delivery timeline for the 100-qubit processor. Any slippage in technical progress or commercial traction could challenge the current RGTI stock price, while successful validation may unlock further upside.
About Rigetti Computing
Rigetti Computing (NASDAQ: RGTI) is a leading developer of full-stack quantum computing systems. Founded in 2013 and headquartered in Berkeley, California, the company designs, fabricates, and deploys superconducting quantum processors that power applications in optimization, simulation, and machine learning.
Rigetti’s hybrid quantum-classical cloud platform supports public and private sector clients globally. The company is backed by strategic investors and government partners, with a roadmap to deliver commercial-grade quantum advantage at scale.
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Rigetti Computing, Inc.
