Rigetti Computing Slumps After Q1 Results Rgti Nasdaq

Bonisiwe Shabane

-Jan 2, 2026, 1:49 PM

rigetti computing slumps after q1 results rgti nasdaq

May 12, 2025 16:05 ET | Source: Rigetti Computing, Inc. Rigetti Computing, Inc. BERKELEY, Calif., May 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 first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights “Rigetti is proud to be awarded important government-funded projects in the U.S.

and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,” says Rigetti CEO Dr. Subodh Kulkarni. “We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.” Rigetti Selected to Participate in DARPA’s Quantum Benchmarking Initiative Rigetti will advance to Stage A, a 6-month performance period focused on the Company’s utility-scale quantum computer concept worth up to $1 million upon completion... Rigetti’s proposed concept to design and build a Utility-Scale Quantum Computer (USQC) combines the Company’s proprietary multi-chip architecture with scalable quantum error correction (QEC) codes.

Rigetti’s long-time partner and leader in QEC technology, Riverlane, will be collaborating on this project and bringing their expertise to help refine the proposed USQC concept and validate the underlying technology. Rigetti Computing, Inc. (NASDAQ:RGTI) released its first-quarter results after Monday's closing bell. Here's a look at the details of the report. The Details: Rigetti reported quarterly earnings of 13 cents per share, which beat the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $1.47 million, which missed the analyst consensus estimate of $2.55 million and is down from revenue of $3.05 million from the same period last year.

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We are experiencing some temporary issues. The market data on this page is currently delayed. Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCaaS. In addition, the company offers quantum cloud services that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public...

Further, it offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California. Rigetti Computing (RGTI) is navigating a challenging quantum landscape as it competes with IonQ and other tech giants. While RGTI shows promise with strong liquidity and R&D ambitions, concerns about execution and short-term visibility linger, making investor sentiment mixed.

Trailing total returns as of 12/31/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) . Select to analyze similar companies using key performance metrics; select up to 4 stocks. Rigetti Computing (RGTI) delivered its first quarter 2025 earnings this week, revealing a sharp divide between technical progress and financial performance. Consequently, the stock declined by nearly 15%. The quantum computing company posted a net income of $42.6 million, reversing a $20.8 million loss from the same period last year.

But that headline number tells only half the story. Revenue fell to $1.5 million, a 52% drop from the $3.1 million reported in Q1 2024. Gross margin declined to 30%, down from 49% a year ago. Operating expenses rose 22% year-over-year to $22.1 million, driven by increased research and development spending. Rigetti’s operating loss widened to $21.6 million, suggesting deeper cash burn to sustain its innovation engine. The company’s net income was not driven by core operations, but by a $62.1 million non-cash gain related to the revaluation of derivative warrant and earn-out liabilities.

That accounting boost provided temporary relief but did not reflect underlying business growth. Investors reacted swiftly. RGTI shares dropped 14.6% on May 13, closing at $9.87, down from $11.57 before the earnings report. The decline reflects growing investor concern about falling revenue and rising costs, even as the company posts accounting profits. Rigetti Computing, Inc. (RGTI) stock was among the top five trending tickers on Stocktwits late Monday after the full-stack quantum computing company announced its quarterly results.

The Berkeley, California-based company reported earnings of $38.26 million or $0.13 per share for the first quarter of the fiscal year 2025, reversing from the net loss of $20.77 million or $0.14 per share... The company clarified that the quarter's net loss included $62.1 million in non-cash gains from the change in fair value of derivative warrants and earn-out liabilities. According to Koyfin, the bottom-line result would have been a loss of $0.08 excluding the gain, wider than the $0.04 loss expected by analysts. Revenue fell about 52% year over year (YoY) to $1.47 million, missing the Finchat-compiled consensus estimate of $2.55 million. Written by Zacks Equity Research for Zacks-> Rigetti Computing, Inc.

(RGTI) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.08, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Rigetti Computing, which belongs to the Zacks Internet - Software industry, posted revenues of $1.47 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 40.16%. This compares to year-ago revenues of $3.05 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

Rigetti Computing Slumps After Q1 Results Rgti Nasdaq

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May 12, 2025 16:05 ET | Source: Rigetti Computing, Inc.

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