Rigetti Computing, Inc. (NASDAQ:RGTI) released its second-quarter results after Tuesday's closing bell. Here's a look at the details in the report.
The Details: Rigetti Computing reported quarterly losses of 13 cents per share, which missed the analyst consensus estimate for losses of six cents.
Quarterly revenue came in at $1.8 million, which missed the analyst consensus estimate of $1.88 million and is down from revenue of $3.086 million from the same period last year.
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For the second quarter, Rigetti reported:
- Total revenues for the three months ended June 30, 2025, were $1.8 million.
- Total operating expenses for the three months ended June 30, 2025, were $20.4 million.
- Operating loss for the three months ended June 30, 2025, was $19.9 million.
- Net loss for the three months ended June 30, 2025, was $39.7 million.
“We continue to achieve our ambitious roadmap goals, most recently by demonstrating the industry’s largest multi-chip quantum computer with impressive performance. Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals,” said Dr. Subodh Kulkarni, Rigetti CEO.
Rigetti also announced the release for general availability of its multi-chip quantum computer, Cepheus 1-36Q.
RGTI Stock Price: According to data from Benzinga Pro, Rigetti stock was down 0.86% at $16.06 in Tuesday's extended trading.
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