Rgti Earnings Rigetti Computing Posts Mixed Financial Results

Bonisiwe Shabane

-Jan 2, 2026, 3:44 PM

rgti earnings rigetti computing posts mixed financial results

March 05, 2025 16:05 ET | Source: Rigetti Computing, Inc. Rigetti Computing, Inc. BERKELEY, Calif., March 05, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter and Full-Year 2024 Financial Highlights Business & Strategic Collaboration Updates

New strategic collaboration with Quanta ComputerRigetti has entered into a strategic collaboration agreement with Quanta Computer, Inc. (“Quanta”), a Taiwan-based Global Fortune 500 company and the global leader of computer server manufacturing, with the goal of accelerating the development and commercialization of superconducting quantum computing. The companies have committed to investing more than $100 million each over the next five years pursuant to the collaboration agreement, with both sides focusing on their complementary strengths to develop superconducting quantum computing... In addition, pursuant to a securities purchase agreement, Quanta will invest $35 million to purchase shares of Rigetti common stock, subject to regulatory clearance. The agreements were signed on February 27, 2025. Written by None for Quiver Quantitative->

Rigetti Computing reports Q4 2024 results, highlighting $2.3 million revenue, $19.5 million expenses, and a $153 million net loss. Rigetti Computing, Inc. released its financial results for the fourth quarter and year ended December 31, 2024, reporting revenues of $2.3 million for Q4 and $10.8 million for the full year, while experiencing significant operating losses of... The company maintains a strong cash position of $217.2 million after raising $153.3 million through equity offerings. Rigetti has entered into a strategic collaboration with Quanta Computer to invest over $100 million each in advancing superconducting quantum computing technologies and secured its first QPU sale to Montana State University. Additionally, the launch of the 84-qubit Ankaa-3 system showcases advancements in quantum computer fidelity, and significant research efforts focus on improving qubit readout techniques.

Lastly, Rigetti plans to discuss these results in a conference call scheduled for later today. Rigetti's revenues for the fourth quarter of 2024 were $2.3 million. The company reported a net loss of $153.0 million for the fourth quarter of 2024. Rigetti Computing reported sales a bit shy of estimates along with a modestly smaller-than-expected loss. For Q3, the quantum computing firm posted: Revenue: $1.9 million (compared to an analyst consensus estimate of $2.17 million)

Adjusted earnings per share: -$0.03 (estimate: -$0.05) The prospect of government support has been a major catalyst for the quantum space in recent months, including the US government deeming the technology an R&D priority, which was followed by a report that... That report, however, was quickly contradicted by separate reports. Rigetti Computing recently released its fourth quarter and full-year 2024 earnings results, revealing a complex picture for investors. While the quantum computing company showed progress on technical fronts, financial challenges continue to weigh on its performance. Despite these mixed signals, RGTI stock gained 4% following the announcement.

The company reported fourth quarter revenue of $2.3 million, representing a slight decrease compared to the same period last year. For the full year 2024, revenue stood at $10.8 million, down from $12.0 million in 2023. These declining revenue figures highlight Rigetti’s ongoing financial struggles. The company continues to face high operating costs while working to advance its quantum computing technology. One bright spot in the financial picture is Rigetti’s strong cash position. The company reported cash reserves of $217.2 million, providing a substantial cushion as it continues its research and development efforts.

On the technical front, Rigetti shared encouraging news about its 84-qubit Ankaa-3 system. The company achieved 99.0% fidelity in its two-qubit operations, an important metric in the quantum computing industry. Below you can see how RGTI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release. Rigetti reported Q3 2025 results with $1.9M revenue (down YoY) and a GAAP operating loss of $20.5M.

Management emphasized strong commercial and R&D momentum: two 9‑qubit Novera on‑prem systems sold (purchase orders ~$5.7M), a 3‑year $5.8M AFRL contract for superconducting quantum networking with QphoX, new collaborations with MSU and India’s C‑DAC,... Technology roadmap: deliver a 100+ qubit chiplet-based system with ~99.5% median 2‑qubit gate fidelity by end of 2025; deploy a 150+ qubit system at ~99.7% fidelity ~end of 2026; and deploy a 1,000+ qubit... Gross margin this quarter fell to 21% (from 51% YoY) driven by contract mix and lower-margin strategic deals; operating expenses rose to $21M due to hires and higher SBC. Non‑GAAP net loss improved to $10.7M for the quarter. Balance sheet: cash, cash equivalents and AFS investments were ~$558.9M as of 9/30/25 and about $600M as of 11/6/25 after ~$46.5M in warrant exercises; no debt. Management reiterated plans to evaluate future fab CapEx (potentially hundreds of millions) or foundry partnerships to achieve >99.9% fidelity and multi‑thousand qubit scale beyond the 2027 roadmap.

DARPA Phase B selection did not include Rigetti this round, but management said constructive feedback was received and they remain in Phase A and optimistic about future inclusion. featured in The Global Fintech Index 2020 as the top Fintech company of the country. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. All users should speak with their financial advisor before buying or selling any securities. Users should not base their investment decision upon StockInvest.us. By using the site you agree and are held liable for your own investment decisions and agree to the Terms of Use and Privacy Policy.

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Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Quarterly revenue came in at $1.94 million, which missed the Street estimate of $2.17 million and was down from revenue of $2.37 million the same period last year. Read Next: Top Stocks With Earnings This Week: Plug, Oklo, Circle And More

Rgti Earnings Rigetti Computing Posts Mixed Financial Results

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