NASDAQ$RGTI
Rigetti Computing Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Rigetti reported fourth quarter and full year 2023 results.
Rigetti Computing reported Q4 2023 total revenues of $3.4 million, an operating loss of $17.2 million, and a net loss of $12.6 million. The company's cash, cash equivalents and available-for-sale securities totaled $99.9 million as of December 31, 2023.
- Deployed the 84-qubit Ankaa™-2 quantum computer, with a 2.5X improvement in error performance.
- Achieved a 98% median 2-qubit fidelity with Ankaa™-2.
- Won competition to develop and deliver a 24-qubit quantum computing system to the UK’s National Quantum Computing Centre (NQCC).
- Launched the Novera™ QPU, a 9-qubit quantum processor unit available for integration into customers’ on-premise systems.
Headline financials
Revenue & EPS history
Rigetti · Revenue · Quarterly
$3.38M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
+1.3%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+11.1%
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 | +7.7% | -5.7% | — | |
| 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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