Rigetti slides as Q2 2025 financial results miss estimates

Rigetti Computing (NASDAQ:RGTI) reported its second quarter 2025 financial results after the markets closed on Tuesday.

Shares inched down 2% during early post-market trading as the results failed to meet market expectations.

For the quarter ended June 30, Rigetti reported an adjusted loss per share of $0.13 versus the consensus estimate of a $0.04 loss per share.

Revenue totaled $1.8M, which was less than the estimate of $1.87M.

“We continue to achieve our ambitious roadmap goals, most recently by demonstrating the industry’s largest multi-chip quantum computer with impressive performance,” said Rigetti CEO Subodh Kulkarni. “Our industry-leading proprietary chiplet approach to scaling and strong financial position makes us confident in hitting our end-of-year technology goals.”

Rigetti also announced that its multi-chip quantum computer, Cepheus-1-36Q, was released for general availability on the Rigetti Quantum Cloud Services platform. It will soon be available on Microsoft Azure (MSFT).

“Just six months after our record performance with Ankaa-3, we’ve once again halved our error rates with Cepheus-1-36Q,” Kulkarni said. “We believe quadrupling our chiplet count and significantly decreasing error rates is the clear path towards quantum advantage and fault tolerance. We intend to continue this momentum with our 100+ qubit system planned for the end of the year.”