Rigetti Computing Unveils New Quantum Computer Amid Losses

Rigetti Computing Inc. ( (RGTI) ) has released its Q2 earnings. Here is a breakdown of the information Rigetti Computing Inc. presented to its investors.

Rigetti Computing Inc. is a leading company in the quantum computing sector, known for its pioneering work in full-stack quantum-classical computing and its development of scalable quantum processors. The company serves a global clientele through its Rigetti Quantum Cloud Services platform.

In its recent earnings report for the second quarter of 2025, Rigetti Computing announced significant technological advancements alongside its financial results. The company unveiled the general availability of its 36-qubit multi-chip quantum computer, Cepheus-1-36Q, marking a milestone in its roadmap.

Financially, Rigetti reported total revenues of $1.8 million for the quarter, with operating expenses reaching $20.4 million, leading to an operating loss of $19.9 million. The net loss was recorded at $39.7 million, influenced by non-cash losses related to derivative warrant and earn-out liabilities. Despite these losses, the company maintains a strong cash position with $571.6 million in cash, cash equivalents, and available-for-sale investments.

On the technology front, Rigetti’s Cepheus-1-36Q has achieved a significant reduction in two-qubit gate error rates and improved gate fidelity, positioning the company as a leader in scalable quantum computing. The company’s proprietary chiplet-based architecture continues to drive advancements, with plans to release a 100+ qubit system by the end of the year.

Looking forward, Rigetti remains confident in its technological trajectory and financial strategy, supported by a recent $350 million equity raise. The company aims to leverage its strong financial position to further its commercial scale-up and explore strategic collaborations and partnerships.