Rigetti Computing Drops 40% as CEO Holds Zero Shares and Revenue Falls 18%

2 weeks ago 9

Douglas A. McIntyre

Wed, December 3, 2025 astatine 9:06 AM CST 3 min read

Rigetti Computing (RGTI) fell 40% successful a period arsenic CEO Subodh Kulkarni sold his full presumption astatine $12 per share.
Rigetti generated conscionable $1.95M successful Q3 gross portion burning done $200.97M successful cash.
The institution trades astatine 1,033x income connected a $7.74B marketplace headdress contempt an 18.1% gross decline.
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Shares of Rigetti Computing (NASDAQ: RGTI) collapsed 40% implicit the past month, falling from $39 successful aboriginal November to $23.45 connected December 1. The clang coincided with a melodramatic displacement successful retail capitalist sentiment, plummeting from bullish scores of 78-82 successful precocious November to precise bearish readings of 12-18 by aboriginal December connected platforms similar Reddit and X. The reversal centers connected mounting concerns astir insider selling, gross declines, and utmost valuations crossed the quantum computing sector.

Retail traders connected r/wallstreetbets are fixated connected insider selling patterns. CTO David Rivas and CFO Jeffrey Bertelsen some sold shares connected November 20 astatine $26.34 and $26.35 respectively, conscionable arsenic the banal was crashing. More concerning to investors: CEO Subodh Kulkarni sold his full presumption astatine $12 per stock and presently holds zero shares. One elaborate bearish station gaining traction quotes a Reddit idiosyncratic who writes, "RGTI - Insiders proceed to currency out; down 69% (or so..)" and points to the signifier of enforcement selling during the stock's decline.

RGTI - Insiders proceed to currency out; down 69% (or so..)
by
u/dnr41418 in
wallstreetbets

The fiscal representation supports bearish sentiment. Rigetti generated conscionable $1.95M successful Q3 revenue, down 18.1% year-over-year, portion burning done $200.97M. The institution trades astatine a staggering 1,033x income ratio connected its $7.74B marketplace cap. Three cardinal concerns predominate discussions:

Revenue declined 18.1% YoY contempt quantum computing hype
Cash pain complaint requires continuous dilution done ATM offerings
Commercial quantum computing remains 10+ years distant per CEO comments

IonQ (NYSE: IONQ) dropped 42.6% from its October highest of $82.09 to $47.12, portion Quantum Computing Inc (NASDAQ: QUBT) crashed 55.5% from $24.62 to $10.95. All 3 stocks peaked mid-October earlier retail enthusiasm evaporated. IonQ trades astatine 209x income connected $79.8M revenue, portion QUBT commands a 4,495x income ratio connected conscionable $546K successful revenue. Both stay profoundly unprofitable with antagonistic operating margins exceeding 1,000%.