Rigetti Computing Inc. ( (RGTI) ) has released its Q1 earnings. Here is a breakdown of the information Rigetti Computing Inc. presented to its investors.
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Rigetti Computing Inc., a pioneer in full-stack quantum-classical computing, operates in the quantum computing industry, providing services through its Quantum Cloud Services platform. In its first quarter of 2025, Rigetti reported total revenues of $1.5 million and a net income of $42.6 million, which included significant non-cash gains from changes in the fair value of derivative warrant and earn-out liabilities. The company also highlighted its strategic collaborations and advancements in quantum computing technology, including participation in government-funded projects in the U.S. and U.K. Rigetti’s recent business developments include being selected for DARPA’s Quantum Benchmarking Initiative and receiving an AFOSR award to develop chip fabrication technology. The company also closed a significant investment from Quanta Computer, enhancing its financial position. Looking ahead, Rigetti aims to continue its leadership in quantum computing through strategic partnerships and technological advancements, focusing on scaling its quantum systems and enhancing quantum error correction capabilities.