<div id="readability-page-1">Revenue jump: First-quarter sales rose 199% year over year to $4.4 million, aided by a one-time gain that lifted net profit. Ongoing cost pressure: Operating expenses climbed 24% as Rigetti invested heavily in R&amp;D, fabrication, and infrastructure, with high spending expected to continue. Analyst split: Brokerage ratings range from Buy to Strong Buy, but some warn that high valuation and competition could limit gains.</div>

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<p>Rigetti's shares fell despite a 199% year-over-year revenue increase to $4.4 million in Q1, boosted by a one-time gain. Operating expenses rose 24% due to significant investments in R&D and infrastructure. Analysts have mixed ratings, from Buy to Strong Buy, but caution over high valuations and competition may restrict future growth.</p>

Rigetti Computing

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Rigetti Computing - CW27

Rigetti shares drop after Q1 growth fails to ease concerns