RGTI
Rigetti Computing, Inc.23.96
+0.43+1.83%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms roadmap, competitive edges
Q&A largely reaffirmed the prepared roadmap, with management detailing tunable coupler fixes via chip redesign to hit 99.5% median 2-qubit fidelity on the 108-qubit system by end-March—no walk-backs, just execution color. They revealed Fab-1 already acts as foundry for select DOE/DoD/UK customers, dismissed new fab or M&A needs for quantum advantage, and flagged lower Novera margins from resold dilution fridges without quantifying. Competitive shade emphasized superconducting gate speeds dwarfing trapped ions by 30,000x for hybrid viability. Pipeline teases more Novera orders from intl govts. No new fab needed. Tone: disciplined confidence; watch 150+ qubit progress and on-prem demand.
Key Stats
Market Cap
7.91BP/E (TTM)
-Basic EPS (TTM)
-1.46Dividend Yield
0%Recent Filings
8-K
10-K
FY2025 results
Rigetti Computing posted FY2025 net loss of $216.2M, up 8% y/y from $201.0M, as R&D jumped 23% to $61.3M fueling qubit fidelity gains to 99.6% median on 36-qubit Cepheus while revenue dipped 34% to $7.1M from lapsed government contracts. Q4 shone with Ankaa-3 at 99.0% fidelity and Novera QPU orders worth $5.7M for H1 2026 delivery, plus $8.4M 108-qubit win for India. Cash swelled to $666M post-$350M ATM raise. Momentum builds. Yet government contract volatility looms.
8-K
Q4 revenue $1.9M, big orders
Rigetti Computing reported Q4 2025 revenue of $1.9M, down from prior year, with GAAP net loss $18.2M but non-GAAP $11.3M; full-year revenue hit $7.1M amid $216.2M GAAP loss. Cash swelled to $589.8M. Secured $8.4M C-DAC order for 108-qubit system, H2 2026 deploy. Tech hit 99.9% two-qubit fidelity. Q1 revenue to surge on Novera shipments.
8-K
Rigetti lands $8.4M quantum order
8-K
Rigetti delays 108-qubit rollout
Rigetti revised its roadmap on January 9, 2026, pushing Cepheus-1-108Q general availability to end-Q1 2026 for extra testing amid tunable coupler complexities. It hit 99% median two-qubit gate fidelity on the 108-qubit system, 99.7% on 9-qubit, and 99.6% on 36-qubit. Progress solidifies. Forward-looking delays risk execution slips.
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