{
  "id": 18129771,
  "title": "Why Rigetti Computing Slipped 23.4% Last Month",
  "url": "https://urgent.news/2026/11/04/why-rigetti-computing-slipped-23-4-last-month",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T14:13:51.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/11/04/why-rigetti-computing-slipped-234-last-month/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Shares of quantum computing firm Rigetti Computing (RGTI) plummeted 23.4% last month, according to S&P Global Market Intelligence. Once a market darling in 2025, the stock has plummeted 80% from its peak as investors abandon the thematic trade. Rigetti remains unprofitable and is experiencing significant cash burn, generating only $5 million in revenue last quarter and an operating loss of $28 million. The company's free cash flow has turned to a $88 million loss over the past year and continues to worsen. With $366 million in cash reserves, Rigetti may need to raise capital in the coming years if cash burn continues to escalate. Despite trading at a market cap of $3.7 billion, the stock trades at an exorbitant price-to-sales ratio of 275, making it a highly expensive investment. With no clear path to profitability and management continually diluting shareholders, Rigetti Computing is likely to decline further in the near term.",
  "summary": "The energy is coming out of the quantum computing theme.",
  "key_points": [
    "Rigetti Computing shares dropped 23.4% last month.",
    "Company unprofitable with $28 million operating loss.",
    "$366 million cash reserves may require capital raise."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}