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Rigetti Computing 2025 Q2 Earnings Widened Losses Amid Record Net Inco

Bonisiwe Shabane
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rigetti computing 2025 q2 earnings widened losses amid record net inco

Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing (NASDAQ:RGTI) reported Q2 2025 financial results and announced the general availability of Cepheus™-1-36Q, the industry's largest multi-chip quantum computer. The company reported revenue of $1.8 million with a net loss of $39.7 million. Key achievements include a 2x reduction in two-qubit gate error rate from its previous system, achieving 99.5% median two-qubit gate fidelity. The four-chiplet system represents the largest number of chiplets in a quantum computer.

The company successfully raised $350 million through an equity offering, ending Q2 2025 with $571.6 million in cash and investments. Rigetti plans to release a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025. On the day this news was published, RGTI gained 6.42%, reflecting a notable positive market reaction. Argus tracked a peak move of +17.0% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $320M to the company's valuation, bringing the market cap to $5.30B at that time.

Trading volume was above average at 1.6x the daily average, suggesting increased trading activity. Data tracked by StockTitan Argus on the day of publication. Rigetti Computing reported Q2 2025 revenues of $1.8 million, a net loss of $39.7 million, and strong cash reserves. Rigetti Computing, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting total revenues of $1.8 million against operating expenses of $20.4 million, resulting in an operating loss of $19.9 million and a... The net loss includes $22.8 million in non-cash losses from changes in fair value of certain liabilities.

Rigetti highlighted the launch of its Cepheus-1-36Q, the industry’s largest multi-chip quantum computer, which now operates at a median two-qubit gate fidelity of 99.5%, showcasing significant performance improvements. The company completed a $350 million equity raise, enhancing its cash position to $571.6 million, and plans to utilize these funds for capital expenditures and potential collaborations. CEO Dr. Subodh Kulkarni expressed confidence in achieving year-end technology goals and continuing to advance their quantum computing technologies. A conference call to discuss the results further is scheduled for later the same day. Rigetti reported total revenues of $1.8 million and a net loss of $39.7 million for Q2 2025.

Cepheus-1-36Q is the industry's largest multi-chip quantum computer, achieving a median two-qubit gate fidelity of 99.5%. The proceeds from the equity raise will primarily support working capital and capital expenditures, with potential strategic partnerships. Severe revenue decline: Q2 revenue was $1.8M, down ~42% YoY from $3.1M. Reliance on government contracts: 91.7% of Q2 revenue came from government entities, signaling weak diversification. Gross margin collapse: Gross profit fell to $0.57M (31% margin) from $1.99M (65% margin)… Written by JesterAI for The Motley Fool->

Revenue (GAAP) dropped 41.6% from Q2 2024 to Q2 2025, coming in below analyst expectations for the quarter. Rigetti launched the industry’s largest multichip quantum computer, hitting a key technology milestone. Cash, cash equivalents, and available-for-sale investments (GAAP) rose to $571.6 million as of Q2 2025, boosted by a $350 million capital raise. Rigetti Computing (NASDAQ:RGTI), a quantum computing developer focused on scalable hardware and cloud-based solutions, announced its second quarter 2025 results on August 12, 2025. The headline news was a steep revenue decline and a wider net loss than analysts projected, with GAAP revenue of $1.8 million and a GAAP net loss of $39.7 million, both missing analyst estimates,... GAAP revenue was $1.8 million, missing the $1.87 million GAAP consensus estimate.

Both GAAP net loss and revenue fell short of analyst expectations. The company reported $571.6 million in cash, cash equivalents, and investments as of June 30, 2025, reflecting the successful completion of a $350 million equity raise during the period. Overall, the quarter was defined by continued investment in technology and a bolstered balance sheet, set against persistent challenges in commercial revenue generation and profitability. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement We break down the bull and bear cases for RGTI.

Get a RGTI stock analysis, free during our launch. See examples. For Uber, investors miss that profits are concentrated in 20 metro markets. See why this makes Uber vulnerable, and what else Wall Street overlooks with Duolingo, Kohl's, and other popular stocks. Rigetti Computing reported a net income of $42.6 million for the quarter ending March 31, 2025, a significant improvement compared to a net loss of $20.773 million in the same period of the prior... This change was primarily driven by a $62.1 million non-cash gain from the change in fair value of derivative warrant and earn-out liabilities.

While revenue decreased to $1.5 million from $3.052 million, the substantial increase in reported net income is a material change in profitability that could significantly impact market views.

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Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing (NASDAQ:RGTI) reported Q2 2025 financial results and announced the general availability of Cepheus™-1-36Q, the industry's largest multi-chip quantum computer. The company reported revenue of $1.8 million with a net loss of $39.7 million. Key achieve...

The Company Successfully Raised $350 Million Through An Equity Offering,

The company successfully raised $350 million through an equity offering, ending Q2 2025 with $571.6 million in cash and investments. Rigetti plans to release a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025. On the day this news was published, RGTI gained 6.42%, reflecting a notable positive market reaction. Argus tracked a peak move of +17.0% during t...

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Trading volume was above average at 1.6x the daily average, suggesting increased trading activity. Data tracked by StockTitan Argus on the day of publication. Rigetti Computing reported Q2 2025 revenues of $1.8 million, a net loss of $39.7 million, and strong cash reserves. Rigetti Computing, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting total revenues ...

Rigetti Highlighted The Launch Of Its Cepheus-1-36Q, The Industry’s Largest

Rigetti highlighted the launch of its Cepheus-1-36Q, the industry’s largest multi-chip quantum computer, which now operates at a median two-qubit gate fidelity of 99.5%, showcasing significant performance improvements. The company completed a $350 million equity raise, enhancing its cash position to $571.6 million, and plans to utilize these funds for capital expenditures and potential collaborati...

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Cepheus-1-36Q is the industry's largest multi-chip quantum computer, achieving a median two-qubit gate fidelity of 99.5%. The proceeds from the equity raise will primarily support working capital and capital expenditures, with potential strategic partnerships. Severe revenue decline: Q2 revenue was $1.8M, down ~42% YoY from $3.1M. Reliance on government contracts: 91.7% of Q2 revenue came from gov...