Rigetti Earnings Reports

Rigetti posted a significant GAAP net loss in Q3 2025, though non-GAAP results were much improved. The company maintained a strong cash position and announced key customer wins and technical milestones.

Rigetti Computing posted Q2 2025 revenue of $1.8M, down from the prior year, with a net loss of $39.7M. The company highlighted the launch of Cepheus-1-36Q, the industry's largest multi-chip quantum computer, achieving a 2× reduction in error rates and 99.5% two-qubit gate fidelity. Operating expenses increased as R&D investments grew, while the company ended the quarter with a strong cash position after a $350M equity raise.

Rigetti Computing posted a strong net income for Q1 2025 primarily due to non-cash gains from revaluation of liabilities, despite modest revenue and high operating expenses.

Rigetti Computing reported Q4 2024 revenue of $2.27 million, a decline from the prior year. The company posted a net loss of $153.0 million, primarily due to non-cash charges related to fair value adjustments. Operating losses reached $18.5 million as expenses remained high. Cash and cash equivalents increased significantly due to equity financing activities.

Rigetti Computing's total revenues for Q3 2024 were $2.4 million. The company's operating loss was $17.3 million and net loss was $14.8 million. As of September 30, 2024, cash, cash equivalents and available-for-sale securities totaled $92.6 million.

Rigetti Computing reported total revenues of $3.1 million, an operating loss of $16.1 million, and a net loss of $12.4 million for the second quarter ended June 30, 2024. The company's cash, cash equivalents and available-for-sale securities totaled $100.5 million as of June 30, 2024.

Rigetti Computing's Q1 2024 revenue was $3.1 million. The company's operating loss was $16.6 million and net loss was $20.8 million. They ended the quarter with $102.8 million in cash, cash equivalents and available-for-sale securities.

Rigetti Computing reported Q4 2023 total revenues of $3.4 million, an operating loss of $17.2 million, and a net loss of $12.6 million. The company's cash, cash equivalents and available-for-sale securities totaled $99.9 million as of December 31, 2023.

Rigetti Computing reported a revenue of $3.1 million for the third quarter of 2023, reflecting a slight increase compared to the previous year. However, the company experienced a net loss of $22.2 million. The company's cash, cash equivalents, and available-for-sale securities totaled $110.2 million as of September 30, 2023.

Rigetti Computing announced its financial results for the second quarter ended June 30, 2023, and provided business updates including the first QPU sale to a national lab and a collaboration agreement with ADIA Lab.

Rigetti Computing's Q1 2023 saw a slight increase in revenue to $2.2 million compared to $2.1 million in the same period last year. The company's operating loss was $22.0 million, and the net loss was $23.4 million, or $0.19 per share. Cash, cash equivalents, and available-for-sale securities totaled $122.0 million as of March 31, 2023.

Rigetti Computing reported Q4 2022 revenue of $6.1 million, a significant increase compared to $1.8 million in the same period of 2021. However, the company experienced an operating loss of $26.7 million and a net loss of $22.9 million, or $0.19 per share. The company is focused on achieving key technology milestones and improving operating efficiency.

Rigetti Computing reported revenue of $2.8 million for the third quarter of 2022, a slight decrease compared to the prior year period. The company's GAAP net loss was $18.8 million, or ($0.16) per share. They had $161.0 million in cash, cash equivalents and available-for-sale investments as of September 30, 2022.

Rigetti Computing reported a 39% increase in revenue to $2.1 million compared to the prior year period, with a gross profit of $1.3 million. The company remains on track with its technology roadmap, including the development of 84-qubit and 336-qubit systems. They also enhanced liquidity by entering into a $75 million committed equity facility.

Rigetti Computing reported a revenue of $2.1 million for Q1 2022, a decrease compared to the $2.4 million in the prior year period. The net loss for the quarter was $10.5 million, or $0.20 per share, compared to a net loss of $7.8 million, or $0.36 per share, in the prior year period. The company had cash and cash equivalents of $206.6 million as of March 31, 2022.