Rigetti S Q3 Revenue Drops 21 As Loss Widens To 20 5m

Rigetti Computing (RGTI) reported a smaller-than-expected third quarter adjusted loss while revenue missed consensus estimates as financial results for quantum computing stocks roll in. Rigetti stock fell Tuesday amid the Q3 earnings report. Rigetti reported Q3 earnings after the market close on Monday. The company hosts an earnings call with Wall Street analysts on Tuesday morning. For the September quarter,… 12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor and Mizuho initiated coverage.

12/22/2025 Quantum computing stocks got Wall Street's attention in 2025 as... Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get market updates, educational videos, webinars, and stock analysis. Rigetti Computing (RGTI) presented a complex financial picture in its third-quarter 2025 results, marked by a year-over-year revenue decline and a staggering GAAP loss driven by non-cash accounting charges. Despite these headwinds, the company significantly beat non-GAAP earnings expectations and showcased a massively fortified balance sheet, providing a multi-year runway to pursue its aggressive long-term technology goals. The most significant development for Rigetti is its exceptionally strong balance sheet.

Through aggressive and successful capital-raising activities during 2025, the company has amassed a formidable cash and investments position of approximately $600 million. This financial strength effectively de-risks its medium-term operational stability, providing a multi-year runway to execute its ambitious and capital-intensive technology roadmap without the immediate pressure of seeking further financing. This war chest was primarily built through At-The-Market (ATM) offerings, which accounted for nearly 90% of the financing raised in the first nine months of the year. Based on the company's current operational cash burn and capital expenditure rates, this robust cash position provides a runway of over seven years, a crucial competitive advantage that allows the company to focus on... While the balance sheet tells a story of financial strength, the income statement reveals ongoing operational challenges. Quarterly revenue declined by 18.1% year-over-year to $1.9 million.

More concerning is the evidence of negative operating leverage; for the first nine months of 2025, gross profit fell nearly 70% to $1.4 million as the cost of revenue remained stubbornly flat against a... This resulted in a severe compression of the year-to-date gross margin to 26.9%, down from 55.3% in the same period last year. Simultaneously, the company's operating loss widened to $20.5 million for the quarter, driven by a strategic 22% year-over-year increase in R&D spending. This disconnect between declining revenue and rising costs underscores that while Rigetti is investing heavily in its future, its current commercial activities are not yet on a path to profitability. Rigetti Computing (Nasdaq: RGTI) reported Q3 2025 results: total revenue $1.9M, operating loss $20.5M, GAAP net loss $201.0M and non-GAAP net loss $10.7M (GAAP EPS $(0.62); non-GAAP EPS $(0.03)). Balance sheet: $558.9M in cash, cash equivalents and AFS investments at Sept 30, 2025; proceeds of $46.5M from warrant exercises raised cash to ≈$600M as of Nov 6, 2025.

Commercial and tech highlights: secured ≈$5.7M in purchase orders for two 9-qubit Novera systems; awarded a $5.8M AFRL contract; roadmap targets 100+ qubit (99.5% fidelity) by end-2025, 150+ qubit (99.7%) by end-2026 and 1,000+... On the day this news was published, RGTI declined 2.04%, reflecting a moderate negative market reaction. Argus tracked a trough of -13.8% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $228M from the company's valuation, bringing the market cap to $10.95B at that time. Data tracked by StockTitan Argus on the day of publication.

Rigetti Computing shares fell 2% to $33.08 following the release of third-quarter earnings. The Berkeley, California-based quantum computing company posted results that topped Wall Street forecasts but showed expanding operating losses. The company reported an adjusted loss of 3 cents per share on revenue of $1.9 million. Analysts surveyed by FactSet had projected a loss of 5 cents per share on sales of $2.2 million. For the full year, Rigetti expects to post a loss of 29 cents per share on revenue of $8.1 million. This compares to a loss of 36 cents per share on sales of $10.8 million in 2024.

$RGTI (Rigetti Computing) #earnings are out: pic.twitter.com/qms45UXbgZ — The Earnings Correspondent (@earnings_guy) November 10, 2025 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.

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