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Rigetti Computing Q2 Earnings 2025 Rigetti Computing News Analysis

Bonisiwe Shabane
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rigetti computing q2 earnings 2025 rigetti computing news analysis

Notes: Gross margin for Q1 2025 is calculated from reported revenue and gross profit . Favorable/unfavorable indicates direction of impact on net income (loss). Segment Breakdown: Not applicable; the company does not report discrete revenue segments in the release . No explicit revenue/EPS guidance provided in Q2 materials . BERKELEY, Calif., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc.

(RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2025. Second Quarter 2025 and Recent Financial Highlights “We continue to achieve our ambitious roadmap goals, most recently by demonstrating the industry’s largest multi-chip quantum computer with impressive performance. Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals,” says Dr. Subodh Kulkarni, Rigetti CEO. Rigetti’s Multi-Chip Quantum Computer, Cepheus™-1-36Q, the Industry’s Largest Multi-Chip Quantum Computer, is Released for General Availability and Deployed on the Rigetti Quantum Cloud Services Platform (QCS®), and will be Available on Microsoft Azure Thereafter

With the general availability of Cepheus-1-36Q, Rigetti continues its recent improvements in performance, obtaining a 2x reduction in two-qubit gate error rate from its previous Ankaa™-3 system, and achieving a median two-qubit gate fidelity... Cepheus-1-36Q is the first multi-chip quantum computer in the industry to achieve this level of performance, and with four chips, contains the largest number of chiplets in a quantum computer. This further validates Rigetti’s approach to scaling its quantum computing systems. 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. 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. Rigetti Computing (RGTI) reported a bigger-than-expected second quarter loss while revenue missed Wall Street consensus estimates.

Financial results season is winding up for quantum computing stocks. Rigetti stock fell on the Q2 results. Meanwhile, Quantum Computing (QUBT) reports Thursday. Rigetti reported Q2 earnings after the market close on Tuesday. For the June quarter, Rigetti reported a 13 cent loss per… 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. The following is a summary of the Rigetti Computing, Inc. (RGTI) Q2 2025 Earnings Call Transcript: Rigetti reported Q2 2025 revenue of $1.8 million, significantly down from $3.1 million in Q2 2024.

Gross margins for Q2 2025 were recorded at 31%, a decline from 64% in the previous year, attributed to variable pricing in development contracts, particularly with the U.K.'s NQCC. Operational expenses increased to $20.4 million from $18.1 million due to salary hikes, new hires, and enhanced shareholder meeting costs. The operating loss widened to $19.9 million from $16.1 million year-over-year, with a net loss of $39.7 million compared to a net loss of $12.4 million in Q2 2024. Rigetti Computing, Inc. (NASDAQ:RGTI) reported its second-quarter financial results after the closing bell on Tuesday. Below are the transcripts from the second quarter earnings call.

This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation. Good day and thank you for standing by. Welcome to The Rigetti Computing Second Quarter 2025 Financial Results Conference call. At this time all participants are in a listen only mode. After the speaker’s presentation there will be a question and answer session.

To ask a question during the session you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised to withdraw your question. Please press star 11 again. Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Dr. Subodh Kulkarni, Chief Executive Officer.

Please go ahead. Good afternoon and thank you for participating in Rigetti’s earnings conference call covering the second quarter ended June 30, 2025. Joining me today is Jeff Bertelsen, our CFO who will review our results in some detail following my overview. Our CTO David Rivas is also here to participate in the Q and A session. We will be pleased to answer your questions at the conclusion of our remarks. We would like to point out that this call and Rigetti’s second quarter ended June 30, 2025 press release contain forward looking statements regarding current expectations, objectives and underlying assumptions regarding our outlook and...

These forward looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described and are discussed in more detail in our Form 10K... These filings identify and address important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward looking statements. We urge you to review these discussions of risk factors today. I’m pleased to report that we continue to achieve our ambitious roadmap goals and maintain our momentum on the technology front, most recently by demonstrating the industry’s largest multi chip quantum computer with impressive... Our Multi chip Quantum Computer CPS 136Q, the industry’s largest multi chip quantum computer, is released for general availability and deployed on the Rigetti quantum cloud services platform QCS and will be available on... Just six months after our record performance with Aspen M-3, we have once again halved our error rates with a median 2.99.5% CPS 136Q has achieved a 2x reduction in 2 qubit gate error...

CPS 136Q is the first multi chip quantum computer in the industry to achieve this level of performance with 4 chips. CPS 136Q contains the largest number of chiplets in a quantum computer and further validates our approach to scaling Rigetti’s quantum computers. It’s our view that superconducting qubits are the leading modality for quantum computers due to their ability to scale and their ability to achieve gate speeds more than 1,000 times faster than other modalities... Our superconducting qubits leverage technologies like chiplets that have been maturing in the semiconductor industry for decades. Use of these well established methods enables Rigetti to scale its quantum computers to higher levels of performance and qubit counts. This legacy of technological advancement continues with the CPS one architecture and includes the following features that contribute to improved performance.

Transitioning from a monolithic chip to chiplets enables greater control over chip uniformity which in turn improves performance. Leveraging chiplets also reduces manufacturing complexity and improves fabrication yield. Optimized two qubit gates enable faster gate times while reducing coherent errors which improves fidelity and is important for executing quantum error correction techniques. These improvements enabled a 2x reduction in error rates. Advances in multi layer chip and tunable coupler design also enables higher performance. Our industry leading proprietary chiplet approach to scaling makes us confident that we will hit our end of year technology goals.

We believe quadrupling or chiplet count and significantly decreasing error rates is a clear path towards quantum advantage and fault tolerance. We intend to continue our momentum and expect to release a 100 plus Qubit chiplet based system at 99.5% median two Qubit gate fidelity before the end of 2025. While we are pleased with our sequential growth in quarterly revenues, we believe achievement of our technology milestones remains the key metric to achieving our long term success. On the financing front, I’m pleased to report that Rigetti has significantly strengthened its balance sheet. During the second quarter of 2025 Rigetti completed the sales of 350 million gross proceeds of its common stock pursuant to our previously disclosed at the Market Equity Offering program. We are well positioned to support commercial scale up of our superconducting gate based quantum computers.

Thank you Jeff. Will now make a few remarks regarding our recent financial performance. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement

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