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# Rigetti Computing: Not Even Worth A Speculative Bet (Archive)
- URL: https://www.huntingalphas.com/rigetti-computing-not-even-worth-a-speculative-bet-archive/
- Published: 2025-04-29T18:57:00.000Z
- Updated: 2026-02-28T17:00:06.000Z
- Description: Rigetti’s quantum hopes look fragile amid weak revenues, tight cash, and frothy valuations.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, Tech, RGTI

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Rigetti has underwhelming revenue execution heavily reliant on government funding for quantum funding projects. However, I think the company is unlikely to benefit even if this materializes.
- The balance sheet funding resources are rather limited, and I would not be surprised if the company announces another raise soon in next week's earnings call.
- Rigetti's working capital profile is worsening, and I expect receivable days to increase further over the next couple of quarters as the company adds more government customers.
- There is limited fundamental rationale to justify its outrageously high valuations in an already bubble-like sector. This may be why we have seen a lot of insiders selling the stock.
- RGTI vs. SPX500 still shows some bullish strength holding up, and the stock seems to be a crowded short. These are the sole two reasons why I have a 'Neutral/Hold' stance despite everything else looking bearish.

Read the full article [here](https://seekingalpha.com/article/4779304-rigetti-computing-not-even-worth-a-speculative-bet?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*