NASDAQ$RGTI
Rigetti Computing Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Rigetti reported financial results for Q1 2024.
Rigetti Computing's Q1 2024 revenue was $3.1 million. The company's operating loss was $16.6 million and net loss was $20.8 million. They ended the quarter with $102.8 million in cash, cash equivalents and available-for-sale securities.
- Total revenues for the three months ended March 31, 2024 were $3.1 million.
- Total operating expenses for the three months ended March 31, 2024 were $18.1 million.
- Operating loss for the three months ended March 31, 2024 was $16.6 million.
- Net loss for the three months ended March 31, 2024 was $20.8 million.
Headline financials
Revenue & EPS history
Rigetti · Revenue · Quarterly
$3.05M
Forward guidance
Rigetti intends on growing the Novera QPU Partner Program with additional partners on an ongoing basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.3%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+10.6%
Avg return
30 days after
40%
8 / 20 earnings
Positive
+38.2%
Q2 2023
Best reaction
-14.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.5% | -5.9% | +1.5% | |
| Q4 2025 | -4.4% | -4.3% | -20.1% | |
| Q3 2025 | -2.7% | -23.0% | -18.7% | |
| Q1 2025 | -14.7% | +2.6% | +4.8% | |
| Q4 2024 | +4.0% | -1.6% | -8.3% | |
| Q3 2024 | +11.8% | -7.2% | +292.8% | |
| Q2 2024 | +1.6% | +15.3% | -3.1% | |
| Q1 2024 | -7.2% | +5.6% | -18.4% | |
| Q4 2023 | -3.4% | -14.2% | -42.2% | |
| Q3 2023 | -7.6% | +13.3% | -1.0% | |
| Q2 2023 | +38.2% | +35.8% | +20.0% | |
| Q1 2023 | -5.4% | +5.5% | +173.1% | |
| Q4 2022 | -1.8% | +29.1% | -19.3% | |
| Q3 2022 | +6.5% | +12.9% | -34.7% | |
| Q2 2022 | +8.3% | +20.6% | -45.9% | |
| Q1 2022 | -1.0% | +11.5% | -42.0% | |
| Q4 2021 | -9.2% | -0.6% | -26.7% | |
| Q3 2021 | +6.4% | +12.6% | -0.2% | |
| Q2 2021 | -0.3% | -0.4% | +0.1% | |
| Q1 2021 | -0.1% | -0.3% | +0.3% |
Discussion
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