Rigetti Computing Reports Third Quarter 2025 Financial Results

Bonisiwe Shabane

-Jan 2, 2026, 3:44 PM

rigetti computing reports third quarter 2025 financial results

Rigetti Computing, Inc. today announced its financial results for the third quarter ended September 30, 2025. Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, has released its financial results for the third quarter ended September 30, 2025. The company, known for its advancements in quantum computing, provided updates on its financial performance, strategic initiatives, and future outlook. For the third quarter of 2025, Rigetti reported total revenues of $1.9 million, a decrease from the previous year's $2.4 million for the same period. The company faced an operating loss of $20.5 million, with a GAAP net loss of $201.0 million and a non-GAAP net loss of $10.7 million.

The GAAP net loss per share was $(0.62), while the non-GAAP net loss per share was $(0.03). As of September 30, 2025, Rigetti's cash, cash equivalents, and available-for-sale investments totaled $558.9 million, increasing to approximately $600.0 million by November 6, 2025, due to proceeds from the exercise of warrants. Rigetti experienced strong momentum in demand for its on-premises quantum computers and development of collaborations to advance its R&D and the broader quantum ecosystem. Notable collaborations include projects with the Air Force Research Laboratory (AFRL) and QphoX to advance superconducting quantum computer networking, and new partnerships with the Centre for Development of Advanced Computing (C-DAC) and Montana State... In September 2025, Rigetti secured purchase orders totaling approximately $5.7 million for two 9-qubit Novera™ quantum computing systems, expected to be delivered in the first half of 2026. One system is being purchased by an Asian technology manufacturing company, and the other by a California-based applied physics and AI startup.

Strategic Initiatives and Corporate Developments This announcement is a separate document: The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. ARQQ Quick QuoteARQQ IONQ Quick QuoteIONQ RGTI Quick QuoteRGTI Rigetti Computing (RGTI Quick QuoteRGTI - Free Report) enters the second half of 2025 with a balance sheet that stands out even within the capital-intensive quantum space. The company ended the third quarter with approximately $559 million in cash, and warrant exercises later pushed liquidity beyond $600 million.

That cash cushion gives Rigetti unusual freedom: it can press ahead with its technical roadmap without leaning on near-term equity dilution or debt. Management has been clear that existing resources comfortably cover upcoming milestones, including a 100+ qubit system with 99.5% fidelity and a 150+ qubit, 99.7% fidelity platform targeted for 2026. For investors, this level of liquidity reduces near-term financial risk while giving the company room to navigate lumpy revenue tied to government contracts and research programs. That said, Rigetti’s cost structure is clearly shifting as it gears up for more ambitious goals. Operating expenses climbed to roughly $21 million in the third quarter, reflecting heavier R&D investment through new engineering hires, higher compensation and stock-based incentives. This spending ramp aligns with the push toward a 1,000+ qubit, 99.8% fidelity system planned for 2027, along with work on chiplet architectures, fidelity scaling and hybrid-compute initiatives such as NVIDIA’s NVQLink integration.

Notably, the company frames this not as unchecked burn, but as targeted investment backed by a strong liquidity position. Taken together, Rigetti appears capable of sustaining elevated R&D intensity while still preserving enough financial flexibility to support manufacturing scale-up and future roadmap execution. NEW YORK, December 29, 2025, 11:49 ET — Regular session Rigetti Computing’s shares fell about 3% on Monday, extending a late-December pullback in quantum-computing stocks as traders booked gains and waited for fresh catalysts. The moves matter now because the quantum group has become a momentum trade into year-end, where lighter holiday liquidity can magnify swings in high-volatility names. Investors Business Daily said the sector’s recent slide followed a brief pop earlier this month that arrived “without major news,” and was later met by profit-taking and valuation jitters.

Investors Rigetti has drawn attention alongside peers such as IonQ and D-Wave, but much of the day-to-day trading has been driven by shifting sentiment toward the whole theme rather than a single company headline. Investors have been reassessing how quickly early-stage quantum companies can turn research progress into repeatable revenue. Investors Rigetti (RGTI.O) was down $0.66 at $21.72, after trading between $22.55 and $21.54. About 14.6 million shares had changed hands by late morning.

Rigetti Computing, Inc. (Nasdaq: RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced its financial results for the third quarter ended September 30, 2025. Third Quarter 2025 and Recent Financial Highlights "This past quarter, we saw strong momentum with both the demand for our on-premises quantum computers and the development of collaborations to advance our own R&D and the quantum ecosystem more broadly," says Dr. Subodh Kulkarni, Rigetti CEO. "Rigetti's open and modular architecture continues to allow us to integrate innovative solutions with our technology stack, including our Air Force Research Laboratory (AFRL)-funded project with QphoX and AFRL to advance superconducting quantum computer...

Kulkarni continues. "Our new collaborations with the Centre for Development of Advanced Computing (C-DAC) and Montana State University (MSU) showcase the increasing maturity of the quantum computing ecosystem. Rigetti is proud to be deepening our support for quantum computing capabilities in the academic and government sectors," adds Dr. Kulkarni. "We are equally excited to support NVIDIA NVQLink, NVIDIA's new open platform for AI supercomputer-quantum integration, which is a promising resource to accelerate hybrid computation development as we work towards quantum advantage."

Rigetti Computing Reports Third Quarter 2025 Financial Results

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