Rigetti Computing Slips As Q3 Results Misses Wall Street Forecast

Bonisiwe Shabane

-Jan 2, 2026, 3:47 PM

rigetti computing slips as q3 results misses wall street forecast

Written by Anders Bylund for The Motley Fool-> Rigetti Computing's stock plummeted 42% in November after reporting an 18% revenue decline and ballooning losses of $201 million in Q3 2025. The company's full-stack approach to quantum computing is impressive, but the technology remains years away from practical commercial advantages over traditional computers. This stock might just be "the next Aurora Cannabis," which would be an unfortunate fate. Shares of quantum computing expert Rigetti Computing (NASDAQ: RGTI) fell 42.2% in November 2025, according to data from S&P Global Market Intelligence. The bearish timeline included a disappointing earnings report, which erased October's 48.6% gain and then some.

Rigetti's stock lost 14.2% of its value across the two-month span from Sept. 30 to Nov. 29. 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) 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 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) 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 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. 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 Computing Slips As Q3 Results Misses Wall Street Forecast

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