NASDAQ$RGTI

Rigetti Computing Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Rigetti Computing reported Q1 2025 revenue of $1.5M with net income of $42.6M and diluted EPS of $0.13.

Revenue was $1.5 million as government contracts dominated the mix. Net income of $42.6 million reflected fair-value gains on warrant and earn-out liabilities rather than operating profitability; diluted EPS was $0.13.

  • Q1 revenue $1.5M.
  • Net income $42.6M includes significant non-operating fair-value items.
  • Quantum computing R&D and government partnerships.
  • Operating losses persist before commercial quantum revenue scale.

Headline financials

Total Revenue

$1.47M

Previous: $3.05M-51.8%
EPS (adj)

$0.13

Previous: -$0.14+192.9%
Capital Expenditures

-$2.55M

Previous: -$5.49M+53.6%
Net Income

$42.6M

Previous: -$20.8M+305.2%
Operating Income

-$21.6M

Previous: -$16.6M-30.4%
Gross Profit

$442K

Previous: $1.5M-70.5%

Revenue & EPS history

Rigetti · Revenue · Quarterly

$1.47M

Q1 2025-51.8%vs Q1 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

Technology outlook ties to AI infrastructure spend, utilization, and capex cycles.

Tailwinds

  • AI and cloud demand support revenue visibility.
  • Platform scale and customer commitments.

Headwinds

  • Capex intensity and financing needs.
  • Export controls and customer concentration.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro