Rigetti Reports Q2 Results After Close as Shares Slip in After‑Hours Trade

Investor confidence faces a test after heavy insider sales as analysts still see significant upside.

Overview

Rigetti released second‑quarter results after markets closed Thursday showing $5.1 million in revenue and an adjusted loss of $0.05 per share.
The company posted wider GAAP losses with a $52.6 million net loss and reported $541.3 million in cash and investments on hand.
Insiders sold roughly $17.5 million of stock in the prior quarter, including CTO David Rivas divesting about $12.7 million and cutting his stake materially.
Wall Street holds a ‘Moderate Buy’ consensus with an average $30.71 price target that implies roughly 30%‑plus upside from current levels.
Shares fell in after‑hours trading to about $15.79 and volume was light before the print, leaving short‑term price direction tied to execution on fidelity gains, government funding prospects, and future revenue growth.