Rigetti Computing To Report Second Quarter 2025 Financial

Bonisiwe Shabane

-Jan 2, 2026, 5:40 PM

rigetti computing to report second quarter 2025 financial

Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2025. July 22, 2025 16:05 ET | Source: Rigetti Computing, Inc. Rigetti Computing, Inc. BERKELEY, Calif., July 22, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will release second quarter 2025 results on August 12, 2025 after market close. The Company will host a conference call to discuss its financial results and provide an update on its business operations at 5:00 p.m.

ET the same day. Key details regarding the call are as follows: Call Date: Tuesday, August 12, 2025Call Time: 5:00 p.m. ET / 2:00 p.m. PTWebcast Link: https://edge.media-server.com/mmc/p/8kvnrhub Live Call Participant Link: https://register-conf.media-server.com/register/BIf27dc41c4e0f4111a2f9000900ce8dd6 Webcast InstructionsYou can listen to a live audio webcast of the conference call by visiting the “Webcast Link” above or the "Events & Presentations" section of the Company's Investor Relations website at https://investors.rigetti.com/.

A replay of the conference call will be available at the same locations following the conclusion of the call for one year. Rigetti Computing has announced its Q2 2025 financial results. The table below summarizes key financial metrics for Q2 2025, with comparisons to the prior quarter (Q1 2025) and the year-ago quarter (Q2 2024). Rigetti reported revenue of $1.8 million for Q2 2025, a 20.0% increase from the previous quarter, but a 41.9% decline from the year-ago quarter. This indicates continued quarter-to-quarter revenue volatility, with a sustained downward trend on a year-over-year basis. Operating expenses for the quarter were $20.4 million, down 7.7% from Q1 2025, but still up 12.7% from Q2 2024 as the company maintains its investment in R&D and operations.

The operating loss narrowed slightly to ($19.9) million from Q1, but the net loss for the quarter widened significantly to ($39.7) million, primarily due to a $22.8 million non-cash loss from the change in... The most significant financial highlight was the company’s liquidity position, which was dramatically bolstered by a $350 million at-the-market (ATM) equity offering. This brought Rigetti’s cash, cash equivalents, and available-for-sale investments to a record $571.6 million as of June 30, 2025, with no debt. This provides a substantial financial runway for the company’s aggressive technology roadmap and strategic goals. With its newly strengthened balance sheet, Rigetti is well-positioned to fund its ambitious technology roadmap, including the upcoming 100+ qubit system, and explore potential strategic collaborations. The company’s chiplet approach is unique and now that they have the Cepheus-1-36Q system with 4 chiplets connected together, they are proceeding to the next version which will have 16 chiplets connected.

It will be interesting to see how far Rigetti can take this approach before they run into other issues such as wiring complexity or cooling capacity in the dilution refrigerators. Rigetti Computing reported Q2 2025 revenues of $1.8 million, a net loss of $39.7 million, and strong cash reserves. Rigetti Computing, Inc. announced its financial results for the second quarter ended June 30, 2025, reporting total revenues of $1.8 million against operating expenses of $20.4 million, resulting in an operating loss of $19.9 million and a... The net loss includes $22.8 million in non-cash losses from changes in fair value of certain liabilities. Rigetti highlighted the launch of its Cepheus-1-36Q, the industry’s largest multi-chip quantum computer, which now operates at a median two-qubit gate fidelity of 99.5%, showcasing significant performance improvements.

The company completed a $350 million equity raise, enhancing its cash position to $571.6 million, and plans to utilize these funds for capital expenditures and potential collaborations. CEO Dr. Subodh Kulkarni expressed confidence in achieving year-end technology goals and continuing to advance their quantum computing technologies. A conference call to discuss the results further is scheduled for later the same day. Rigetti reported total revenues of $1.8 million and a net loss of $39.7 million for Q2 2025. Cepheus-1-36Q is the industry's largest multi-chip quantum computer, achieving a median two-qubit gate fidelity of 99.5%.

The proceeds from the equity raise will primarily support working capital and capital expenditures, with potential strategic partnerships. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement BERKELEY, Calif., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the second quarter ended June 30, 2025.

Second Quarter 2025 and Recent Financial Highlights “We continue to achieve our ambitious roadmap goals, most recently by demonstrating the industry’s largest multi-chip quantum computer with impressive performance. Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals,” says Dr. Subodh Kulkarni, Rigetti CEO. Rigetti’s Multi-Chip Quantum Computer, Cepheus™-1-36Q, the Industry’s Largest Multi-Chip Quantum Computer, is Released for General Availability and Deployed on the Rigetti Quantum Cloud Services Platform (QCS®), and will be Available on Microsoft Azure Thereafter With the general availability of Cepheus-1-36Q, Rigetti continues its recent improvements in performance, obtaining a 2x reduction in two-qubit gate error rate from its previous Ankaa™-3 system, and achieving a median two-qubit gate fidelity...

Cepheus-1-36Q is the first multi-chip quantum computer in the industry to achieve this level of performance, and with four chips, contains the largest number of chiplets in a quantum computer. This further validates Rigetti’s approach to scaling its quantum computing systems. Rigetti Computing (NASDAQ:RGTI) reported Q2 2025 financial results and announced the general availability of Cepheus™-1-36Q, the industry's largest multi-chip quantum computer. The company reported revenue of $1.8 million with a net loss of $39.7 million. Key achievements include a 2x reduction in two-qubit gate error rate from its previous system, achieving 99.5% median two-qubit gate fidelity. The four-chiplet system represents the largest number of chiplets in a quantum computer.

The company successfully raised $350 million through an equity offering, ending Q2 2025 with $571.6 million in cash and investments. Rigetti plans to release a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025. On the day this news was published, RGTI gained 6.42%, reflecting a notable positive market reaction. Argus tracked a peak move of +17.0% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $320M to the company's valuation, bringing the market cap to $5.30B at that time.

Trading volume was above average at 1.6x the daily average, suggesting increased trading activity. Data tracked by StockTitan Argus on the day of publication. 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.

Rigetti Computing To Report Second Quarter 2025 Financial

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