University of Kwazulu-Natal

Rigetti Computing Rgti Stock Mixed Earnings Report Shows Technical

Bonisiwe Shabane
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rigetti computing rgti stock mixed earnings report shows technical

Rigetti Computing recently released its fourth quarter and full-year 2024 earnings results, revealing a complex picture for investors. While the quantum computing company showed progress on technical fronts, financial challenges continue to weigh on its performance. Despite these mixed signals, RGTI stock gained 4% following the announcement. The company reported fourth quarter revenue of $2.3 million, representing a slight decrease compared to the same period last year. For the full year 2024, revenue stood at $10.8 million, down from $12.0 million in 2023. These declining revenue figures highlight Rigetti’s ongoing financial struggles.

The company continues to face high operating costs while working to advance its quantum computing technology. One bright spot in the financial picture is Rigetti’s strong cash position. The company reported cash reserves of $217.2 million, providing a substantial cushion as it continues its research and development efforts. On the technical front, Rigetti shared encouraging news about its 84-qubit Ankaa-3 system. The company achieved 99.0% fidelity in its two-qubit operations, an important metric in the quantum computing industry. Rigetti Computing reported sales a bit shy of estimates along with a modestly smaller-than-expected loss.

For Q3, the quantum computing firm posted: Revenue: $1.9 million (compared to an analyst consensus estimate of $2.17 million) Adjusted earnings per share: -$0.03 (estimate: -$0.05) The prospect of government support has been a major catalyst for the quantum space in recent months, including the US government deeming the technology an R&D priority, which was followed by a report that... That report, however, was quickly contradicted by separate reports. Rigetti Computing Inc.

(NASDAQ:RGTI) shares fell after the company released a mixed third-quarter earnings report after Monday's closing bell. Here's a look at the details in the report. The Details: Rigetti Computing reported quarterly losses of three cents per share, which beat the analyst estimate for losses of four cents. Quarterly revenue came in at $1.94 million, which missed the Street estimate of $2.17 million and was down from revenue of $2.37 million the same period last year. Read Next: Top Stocks With Earnings This Week: Plug, Oklo, Circle And More Rigetti Computing reported its third quarter 2025 financial results, showing mixed performance.

While the company posted an adjusted loss that was smaller than expected, its revenue did not meet analyst estimates.Following the release, Rigetti's stock price dropped, with shares down 4.6% in after-hours trading. The company is a well-known player in the quantum computing sector.Rigetti also provided updates on its technology roadmap, outlining plans for new advancements in 2026 and 2027. The stock price declined because the company's revenue for the third quarter was lower than what analysts expected, even though its adjusted loss was better than anticipated. It means the company performed better than expected in some areas, like reporting a smaller loss, but worse in others, such as missing revenue forecasts. Rigetti Computing focuses on developing quantum-classical computing technology. Yes, the company shared updates on its technology roadmap, with new advancements planned for 2026 and 2027.

Below you can see how RGTI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release. Rigetti reported Q3 2025 results with $1.9M revenue (down YoY) and a GAAP operating loss of $20.5M. Management emphasized strong commercial and R&D momentum: two 9‑qubit Novera on‑prem systems sold (purchase orders ~$5.7M), a 3‑year $5.8M AFRL contract for superconducting quantum networking with QphoX, new collaborations with MSU and India’s C‑DAC,... Technology roadmap: deliver a 100+ qubit chiplet-based system with ~99.5% median 2‑qubit gate fidelity by end of 2025; deploy a 150+ qubit system at ~99.7% fidelity ~end of 2026; and deploy a 1,000+ qubit...

Gross margin this quarter fell to 21% (from 51% YoY) driven by contract mix and lower-margin strategic deals; operating expenses rose to $21M due to hires and higher SBC. Non‑GAAP net loss improved to $10.7M for the quarter. Balance sheet: cash, cash equivalents and AFS investments were ~$558.9M as of 9/30/25 and about $600M as of 11/6/25 after ~$46.5M in warrant exercises; no debt. Management reiterated plans to evaluate future fab CapEx (potentially hundreds of millions) or foundry partnerships to achieve >99.9% fidelity and multi‑thousand qubit scale beyond the 2027 roadmap. DARPA Phase B selection did not include Rigetti this round, but management said constructive feedback was received and they remain in Phase A and optimistic about future inclusion. featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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Visit the Earnings Calendar to see dates for upcoming earnings announcements. The value each RGTI share was expected to gain vs. the value each share gained. Rigetti Computing (RGTI) reported its most recent earnings on Nov 11, 2025 for Q3 2025, posting earnings per share (EPS) of -$0.03. This exceeded analysts' expectations of -$0.04 by 25.00%, marking a Beat.For comparison, Rigetti Computing reported EPS of -$0.08 in the same quarter last year.The company is expected to announce its next earnings report on...

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