NEW YORK, December 31, 2025, 3:19 PM ET — Regular session.
- Rigetti shares down 1.7% in afternoon trading, hovering near $22 a share.
- Quantum peers were mixed, with IonQ lower and D-Wave slightly higher.
- Focus is shifting to early-2026 catalysts, including the company’s next earnings update and progress on its hardware roadmap.
Shares of Rigetti Computing (RGTI.O) were down 1.7% at $22.03 in afternoon trading on Wednesday, as the quantum-computing name tracked a cautious tone in year-end markets.
The move comes on the final trading day of 2025, with U.S. markets set to close on Thursday for New Year’s Day and volumes thin in the holiday-shortened week.
That matters now because smaller, high-volatility tech stocks tend to swing more when liquidity is light and investors rebalance portfolios into year-end. “It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity. Reuters
Rigetti opened at $22.42 and traded between $21.96 and $22.65 on Wednesday. About 16.9 million shares had changed hands by mid-afternoon.
Other U.S.-listed quantum plays were mixed. IonQ (IONQ.N) fell 0.9% while D-Wave Quantum (QBTS.N) rose 0.3%.
Rigetti is still up roughly 47% in 2025, underscoring how sharply the stock has moved this year even after a pullback into the final week of trading.
The company builds superconducting quantum computers and sells access to them through cloud services and on-premises systems. Quantum computers use “qubits” (quantum bits) that can represent more complex states than classical bits, which can be useful for some specialized calculations.
The last major company update came with third-quarter results in November, when Rigetti reported $1.9 million in revenue and an operating loss of $20.5 million. It also reported cash, cash equivalents and available-for-sale investments of $558.9 million as of Sept. 30.
In that report, Rigetti said it remained on track to deliver a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025, and outlined plans for larger systems in 2026 and 2027. With Wednesday marking the last session of the year, investors are looking for clarity on those milestones and what comes next.
Looking ahead, Rigetti’s next earnings release is expected on March 4, 2026, according to Zacks, though the company has not confirmed a date. Analysts tracked by Zacks expect a loss of about 5 cents a share for the next report.
Macro events are also in focus as 2026 begins. The Federal Reserve’s next policy meeting is scheduled for Jan. 27–28, a key checkpoint for rate expectations that often drive risk appetite in high-growth tech.
For now, traders will be watching whether year-end positioning continues to pressure the more speculative corners of tech, and whether Rigetti can translate its roadmap into measurable commercial demand as liquidity returns after the holidays.
