Rigetti Computing Reports Second Quarter 2025 Financial Results

Bonisiwe Shabane

-Jan 2, 2026, 3:44 PM

rigetti computing reports second quarter 2025 financial results

Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2025. 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 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, Inc., a pioneer in full-stack quantum-classical computing, has released its financial results for the second quarter ended June 30, 2025. The company also announced the general availability of its 36-qubit multi-chip quantum computer, Cepheus™-1-36Q. For the second quarter of 2025, Rigetti reported total revenues of $1.8 million, a decrease from $3.1 million in the same period last year. The company faced significant operating expenses amounting to $20.4 million, leading to an operating loss of $19.9 million. The net loss for the quarter was $39.7 million, which includes $22.8 million of non-cash losses related to the fair value change in derivative warrant and earn-out liabilities.

As of June 30, 2025, Rigetti held $571.6 million in cash, cash equivalents, and available-for-sale investments. Rigetti has made significant strides in its technology roadmap, achieving a 2x reduction in two-qubit gate error rates with its new Cepheus-1-36Q system compared to its previous Ankaa™-3 system. The new system boasts a median two-qubit gate fidelity of 99.5% and is the first multi-chip quantum computer in the industry to achieve this level of performance. The company plans to release a 100+ qubit chiplet-based system by the end of 2025. Strategic Initiatives and Corporate Developments During the second quarter, Rigetti completed a $350 million equity raise, bolstering its financial position to support the commercial scale-up of its quantum computing systems.

The company intends to use the proceeds for working capital, capital expenditures, and other general corporate purposes, with potential future use for strategic collaborations, acquisitions, or partnerships. BERKELEY, Calif., Aug. 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 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, Inc. (RGTI) today announced its financial results for the most recent quarter, revealing a challenging performance. The company reported a quarterly revenue of $1.8 million, falling short of analysts’ expectations by approximately $70,429. Additionally, Rigetti posted a diluted earnings per share of -$0.13, missing the estimate of -$0.05 by a notable margin. Before You Invest in Rigetti Computing, Inc. See These Key Metrics & Hidden Risks First

Rigetti Computing, a leader in full-stack quantum-classical computing, has released its financial results for the second quarter of 2025, reporting revenues of $1.8 million and an operating loss of $19.9 million. The company has made significant strides in its technology, announcing the general availability of its Cepheus-1-36Q multi-chip quantum computer, which boasts a median two-qubit gate fidelity of 99.5%. This achievement marks a 2x reduction in two-qubit gate error rates compared to its previous system, Ankaa-3. Dr. Kulkarni emphasized the importance of their proprietary chiplet architecture in achieving these advancements, stating, “We believe quadrupling our chiplet count and significantly decreasing error rates is the clear path towards quantum advantage and fault... In addition to its technological advancements, Rigetti has strengthened its financial position by completing a $350 million equity raise, bringing its cash reserves to $571.6 million.

This funding will primarily support working capital and capital expenditures, with potential allocations for strategic collaborations or acquisitions. Dr. Kulkarni expressed optimism about the company’s future, stating, “Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals.” Rigetti plans to release a 100+... Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement July 22, 2025 16:05 ET | Source: Rigetti Computing, Inc.

Rigetti Computing, Inc. BERKELEY, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2025 results on August 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m. ET the same day. Key details regarding the call are as follows:

Call Date: Tuesday, August 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/8kvnrhub Live Call Participant Link: https://register-conf.media-server.com/register/BIf27dc41c4e0f4111a2f9000900ce8dd6 Webcast InstructionsYou can listen to a live audio webcast of the conference call by visiting the “Webcast Link” above or the "Events & Presentations" section of the Company's Investor Relations website at https://investors.rigetti.com/. A replay of the conference call will be available at the same locations following the conclusion of the call for one year.

Rigetti Computing Reports Second Quarter 2025 Financial Results

People Also Search

Rigetti Computing, Inc., A Pioneer In Full-stack Quantum-classical Computing, Today

The Operating Loss Narrowed Slightly To ($19.9) Million From Q1,

It Will Be Interesting To See How Far Rigetti Can

The Company Completed A $350 Million Equity Raise, Enhancing Its

The Proceeds From The Equity Raise Will Primarily Support Working