Rigetti Computing Inc Rgti Reports Q1 Loss Lags Revenue Estimates

Bonisiwe Shabane

-Jan 2, 2026, 1:50 PM

rigetti computing inc rgti reports q1 loss lags revenue estimates

May 12, 2025 16:05 ET | Source: Rigetti Computing, Inc. Rigetti Computing, Inc. BERKELEY, Calif., May 12, 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 first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights “Rigetti is proud to be awarded important government-funded projects in the U.S.

and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.” Rigetti Selected to Participate in DARPA’s Quantum Benchmarking Initiative Rigetti will advance to Stage A, a 6-month performance period focused on the Company’s utility-scale quantum computer concept worth up to $1 million upon completion... Rigetti’s proposed concept to design and build a Utility-Scale Quantum Computer (USQC) combines the Company’s proprietary multi-chip architecture with scalable quantum error correction (QEC) codes.

Rigetti’s long-time partner and leader in QEC technology, Riverlane, will be collaborating on this project and bringing their expertise to help refine the proposed USQC concept and validate the underlying technology. Written by None for Quiver Quantitative-> Rigetti Computing reports Q1 2025 revenue of $1.5 million and net income of $42.6 million, driven by non-cash gains. Rigetti Computing, Inc. announced its financial results for the first quarter of 2025, reporting total revenues of $1.5 million and an operating loss of $21.6 million amid operating expenses of $22.1 million. Notably, the company recorded a net income of $42.6 million, bolstered by $62.1 million in non-cash gains from changes in the fair value of derivative liabilities.

As of March 31, 2025, Rigetti had $209.1 million in cash and investments, which rose to $237.7 million by April 30 after an investment from Quanta Computer. The company highlighted its participation in pivotal projects, including DARPA’s Quantum Benchmarking Initiative and several Innovate UK awards, aimed at advancing superconducting quantum computing and error correction capabilities. Additionally, Rigetti announced collaborations for chip fabrication technology and integration efforts with various academic institutions and industry partners. Rigetti reported total revenues of $1.5 million and net income of $42.6 million for Q1 2025. As of March 31, 2025, Rigetti had cash, cash equivalents, and available-for-sale investments totaling $209.1 million. Rigetti Computing, Inc.

(NASDAQ:RGTI) released its first-quarter results after Monday's closing bell. Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down from revenue of $3.05 million from the same period last year. Read Next: Tesla Robotaxi Hopes Dashed By Uber, Lyft: No Fast Lane To Profits, Warns Investor Gary Black “Rigetti is proud to be awarded important government-funded projects in the U.S.

and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners,”... Rigetti Computing (RGTI) reported first-quarter 2025 financial results that presented a stark contrast between headline profitability and underlying operational struggles, marked by a significant revenue shortfall and widening core business losses despite progress on... Rigetti posted a surprising Q1 2025 GAAP diluted earnings per share of $0.13, comfortably surpassing the analyst consensus estimate of -$0.05 per share.

However, this apparent outperformance was not driven by operational success but rather by $62.1 million in non-cash gains stemming from favorable changes in the fair value of derivative warrant and earn-out liabilities. Excluding these significant non-cash items, the company's adjusted performance likely aligned more closely with analyst expectations, revealing a substantial loss from core operations. The more telling story lies in the company's top line. Revenue for the quarter came in at a mere $1.5 million, falling drastically short of consensus estimates ranging from $2.46 million to $2.55 million. This figure represents a concerning 51.8% decline year-over-year and a 34.8% drop sequentially from Q4 2024. This sharp revenue contraction underscores a significant disconnect between the accounting-driven bottom line and the challenging operational reality faced by the company.

The sharp 51.8% year-over-year decline in revenue marks the third consecutive quarter of sequential contraction for Rigetti, raising questions about customer traction, project execution, or potential market headwinds. The $1.5 million reported in Q1 2025 is down significantly from $3.1 million in Q1 2024 and $2.3 million in Q4 2024. Exacerbating the top-line weakness was a dramatic collapse in gross margin, which fell to 26.7% in Q1 2025. This represents a steep decline from 48.4% in the prior-year quarter and 43.5% in the preceding quarter (Q4 2024). Such severe margin compression suggests a potential shift towards lower-value activities, increased cost pressures, or challenges in efficiently delivering on contracts, further pressuring the company's path towards sustainable profitability. Rigetti Computing (RGTI) reported a profit for its first quarter owing to an accounting gain while revenue missed views as investors focus on the near-term growth and profitability outlook for quantum computing stocks.

The quantum computing company reported Q1 earnings after the market close on Monday. For the March quarter, Rigetti reported a 13-cent profit on an adjusted basis versus… 12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor and Mizuho initiated coverage. 12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis.

Rigetti Computing Inc Rgti Reports Q1 Loss Lags Revenue Estimates

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