NASDAQ$RGTI

Rigetti Computing Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Rigetti Computing Inc reported financial results for the second quarter ended June 30, 2026.

Rigetti reported revenue of $5.1 million for Q2 2026, up from $1.8 million in the prior year period, driven by sales of quantum computing systems. The company posted a net loss of $52.6 million and an operating loss of $28.1 million. Cash and investments totaled $541.3 million at quarter end.

  • Revenue increased 185% year-over-year to $5.1 million, primarily from Novera quantum system sales.
  • Operating loss widened to $28.1 million due to higher R&D and SG&A expenses.
  • Net loss of $52.6 million included a $29.6 million non-cash loss from warrant fair value changes.
  • Cash, cash equivalents and investments of $541.3 million provide runway for technology development.

Headline financials

Total Revenue

$1.8M

Previous: $3.09M-41.6%
EPS (adj)

-$0.16

Previous: -$0.07-128.6%
Cash and investments

$541M

No prior period
Capital Expenditures

-$8.21M

Previous: -$7.54M-9.0%
Net Income

-$39.7M

Previous: -$12.4M-219.2%
Operating Income

-$19.9M

Previous: -$16.1M-23.6%
Cash & Equivalents

$27.8M

Previous: $20.7M+34.2%

Revenue & EPS history

Rigetti · Revenue · Quarterly

$1.8M

Q2 2025-41.6%vs Q2 2024
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

The company continues to invest in its quantum computing roadmap with no specific numerical guidance provided for the remainder of 2026.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+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
Q2 2025———
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%

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