Rigetti Computing Shares Fall After Mixed Q3 2025 Earnings Revenue

Bonisiwe Shabane

-Jan 2, 2026, 1:50 PM

rigetti computing shares fall after mixed q3 2025 earnings revenue

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. Rigetti Q3 results show revenue below estimates and a narrow non-GAAP EPS beat; cash from warrant exercises and new orders shape near-term liquidity. Add your email to receive our free daily newsletter. No spam, unsubscribe anytime. Rigetti Computing reported mixed third-quarter 2025 results on Nov. 10, 2025, with revenue falling short of estimates while non-GAAP earnings narrowly beat forecasts.

The company also disclosed new commercial orders, a government contract, and an updated quantum technology roadmap. Rigetti posted third-quarter revenue of $1.9 million, below the consensus estimate of $2.17 million. The quarter reflected ongoing investment in product development and research and development, with an operating loss of $20.5 million. GAAP net loss reached $201.0 million, while the non-GAAP net loss was $10.7 million. Per-share figures included a GAAP loss of $0.62 and a non-GAAP loss of $0.03, slightly better than the forecast range of $0.04 to $0.05. At September 30, 2025, the company held $558.9 million in cash, cash equivalents, and available-for-sale investments.

This amount rose to roughly $600 million by November 6 after $46.5 million in warrant exercises. The company did not provide explicit full-year financial guidance in the quarter’s release. RGTI Quick QuoteRGTI MSAI Quick QuoteMSAI Rigetti Computing, Inc. (RGTI Quick QuoteRGTI - Free Report) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to a loss of $0.08 per share a year ago.

These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +40.00%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.05, delivering a surprise of +16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Rigetti Computing, which belongs to the Zacks Internet - Software industry, posted revenues of $1.95 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 18.54%. This compares to year-ago revenues of $2.38 million.

The company has not been able to beat consensus revenue estimates over the last four quarters. Electro Optic Systems Holdings is entering 2026 with significant momentum, following a remarkable share price surge of... Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing Inc (NASDAQ:RGTI) reported its financial results for the third quarter of 2025, delivering a mixed performance that has resulted in a muted market response. The company, a developer of full-stack quantum computing systems, beat analyst expectations on its bottom-line loss but fell short on revenue, creating a complex picture for investors.

The company's performance against Wall Street estimates presents a tale of two metrics. While the loss was not as deep as feared, the top-line revenue failed to meet projections. The market's reaction has been negative in the immediate aftermath, with the stock trading lower. This suggests that investors are placing greater emphasis on the revenue miss than the narrower-than-expected loss, a common dynamic for growth-stage companies where sales growth is a primary valuation driver. Beyond the headline earnings figures, the company's press release detailed several key financial and operational developments. The quarter was characterized by significant fundraising activity and continued investment in its core technology.

A central focus of the earnings report was the reaffirmation and extension of Rigetti's technology roadmap, outlining ambitious targets for the coming years. The company also highlighted several strategic partnerships aimed at advancing the broader quantum ecosystem. 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. Written by Zacks Equity Research for Zacks-> Rigetti Computing RGTI reported third-quarter 2025 adjusted loss per share of 3 cents, narrower than the loss per share of 8 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 40%. GAAP loss per share in the reported quarter was 62 cents compared with the loss per share of 8 cents in the prior-year quarter.

Shares of this company lost nearly 5.1% at yesterday’s market closing. The company’s shares have surged 105.7% in the year-to-date period compared with the industry’s growth of 10.3%. The broader S&P 500 Index has increased 18% in the same time frame. The company reported total revenues of $1.9 million, down 18.1% year over year. The top line missed the Zacks Consensus Estimate by 18.5%.

Rigetti Computing Shares Fall After Mixed Q3 2025 Earnings Revenue

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These Figures Are Adjusted For Non-recurring Items. This Quarterly Report