NASDAQ$RGTI
Rigetti Computing Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Rigetti reported a decline in revenue and a significant net loss for Q4 2024.
Rigetti Computing reported Q4 2024 revenue of $2.27 million, a decline from the prior year. The company posted a net loss of $153.0 million, primarily due to non-cash charges related to fair value adjustments. Operating losses reached $18.5 million as expenses remained high. Cash and cash equivalents increased significantly due to equity financing activities.
- Revenue declined to $2.27 million from $3.38 million in Q4 2023.
- Net loss of $153.0 million, including $135.1 million in non-cash charges.
- Operating loss reached $18.5 million due to high expenses.
- Cash position strengthened to $217.2 million from financing activities.
Headline financials
Revenue & EPS history
Rigetti · Revenue · Quarterly
$2.27M
Forward guidance
Rigetti anticipates further advancements in quantum computing and a continued focus on commercialization efforts through strategic partnerships and new technology development.
Tailwinds
- New strategic collaboration with Quanta Computer to accelerate quantum development.
- Investment commitments of over $100 million from Rigetti and Quanta over five years.
- Launch of Ankaa-3 quantum system with improved fidelity and performance.
- Successful AI-powered calibration of a Rigetti QPU for automation improvements.
- Montana State University purchased a Novera QPU for research and education.
Headwinds
- Declining revenue compared to the previous year.
- High operating expenses leading to continued losses.
- Large non-cash charges impacting net income significantly.
- Ongoing challenges in scaling quantum computing commercialization.
- Dependency on external investments and partnerships for future funding.
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 2024
+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% |
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