Rigetti Computing Reports Q2 2025 Earnings Miss With 1 8 Million

Bonisiwe Shabane

-Jan 2, 2026, 3:47 PM

rigetti computing reports q2 2025 earnings miss with 1 8 million

This event highlights financial challenges faced by emerging technology firms in meeting revenue projections. A quantum computing company's quarterly earnings report underscores investor sensitivity to performance gaps, with revenue falling short of forecasts and sustained operating losses exceeding expectations. The results reflect broader market dynamics impacting high-tech startups, particularly those operating in capital-intensive, long-term R&D sectors where consistent funding and milestone achievements are critical for maintaining investor confidence. On August 12, 2025, Rigetti Computing Inc. reported its second-quarter earnings for 2025, revealing financial results that fell short of analysts’ expectations. The quantum computing company posted revenue of $1.8 million, compared to consensus estimates of $1.87 million.

The operating loss for the quarter was $19.9 million, which was slightly better than the estimated loss of $20.9 million.Despite the earnings miss, CEO Dr. Subodh Kulkarni highlighted the company’s recent technological achievements. He stated, “We continue to achieve our ambitious road map goals, most recently by demonstrating the industry’s largest multichip 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.”In mid-July 2025, Rigetti’s shares saw their biggest one-day gain since January, surging 30% after... This included a significant reduction in error rates and confirmation that development was proceeding on schedule.However, the stock remains well below its peak closing price of $20 from the first trading day of 2025. The sector experienced a sharp downturn shortly after that peak when Nvidia CEO Jensen Huang remarked that it could take 15 to 30 years before quantum computers become highly useful.The newly released Q2 numbers...

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. 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. Rigetti Computing has announced its Q2 2025 financial results. The table below summarizes key financial metrics for Q2 2025, with comparisons to the prior quarter (Q1 2025) and the year-ago quarter (Q2 2024).

Rigetti reported revenue of $1.8 million for Q2 2025, a 20.0% increase from the previous quarter, but a 41.9% decline from the year-ago quarter. This indicates continued quarter-to-quarter revenue volatility, with a sustained downward trend on a year-over-year basis. Operating expenses for the quarter were $20.4 million, down 7.7% from Q1 2025, but still up 12.7% from Q2 2024 as the company maintains its investment in R&D and operations. The operating loss narrowed slightly to ($19.9) million from Q1, but the net loss for the quarter widened significantly to ($39.7) million, primarily due to a $22.8 million non-cash loss from the change in... The most significant financial highlight was the company’s liquidity position, which was dramatically bolstered by a $350 million at-the-market (ATM) equity offering. This brought Rigetti’s cash, cash equivalents, and available-for-sale investments to a record $571.6 million as of June 30, 2025, with no debt.

This provides a substantial financial runway for the company’s aggressive technology roadmap and strategic goals. With its newly strengthened balance sheet, Rigetti is well-positioned to fund its ambitious technology roadmap, including the upcoming 100+ qubit system, and explore potential strategic collaborations. The company’s chiplet approach is unique and now that they have the Cepheus-1-36Q system with 4 chiplets connected together, they are proceeding to the next version which will have 16 chiplets connected. It will be interesting to see how far Rigetti can take this approach before they run into other issues such as wiring complexity or cooling capacity in the dilution refrigerators. Rigetti Computing, Inc. (NASDAQ:RGTI) released its second-quarter results after Tuesday's closing bell.

Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of 13 cents per share, which missed the analyst consensus estimate for losses of six cents. Quarterly revenue came in at $1.8 million, which missed the analyst consensus estimate of $1.88 million and is down from revenue of $3.086 million from the same period last year. Read Next: Retail Crowd’s Top Stocks With Earnings This Week: Archer, Rigetti, Oklo And More For the second quarter, Rigetti reported: Daily stocks & crypto headlines, free to your inbox

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Rigetti Computing Reports Q2 2025 Earnings Miss With 1 8 Million

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