RGTI Rigetti Computing, Inc.
Price Chart
Executive Summary
Rigetti Computing reported Q4 and full-year 2025 financial results with declining revenue and significant net losses, but highlighted strong forward-looking revenue visibility with $14.1 million in announced system purchase orders, including an $8.4 million order from India's C-DAC. Despite worsening fundamentals, the company emphasized technological progress and expects significant YoY revenue growth in Q1 2026 from near-term shipments.
Key Financial Metrics
Actionable Insight
Traders should monitor Q1 2026 revenue closely for signs of the anticipated turnaround. The stock may react positively to confirmation of Novera system shipments and progress on the C-DAC deployment, but sustained losses remain a risk.
Key Facts
- Q4 2025 revenue was $1.9 million, down from $2.3 million in Q4 2024 (-17.8% YoY)
- Full-year 2025 revenue was $7.1 million, down 34% from $10.8 million in 2024
- GAAP net loss for 2025 was $216.2 million, compared to $201.0 million in 2024
- Company secured $8.4 million purchase order from India’s C-DAC for a 108-qubit on-premises system, delivery expected in H2 2026
- Novera system orders totaling $5.7 million expected to ship partially in Q1 2026, driving anticipated significant YoY revenue growth
- Cash, cash equivalents, and investments totaled $589.8 million as of December 31, 2025
Financial Impact
Revenue declined 34% YoY to $7.1 million in 2025, with GAAP net loss widening to $216.2 million. However, $14.1 million in announced purchase orders provide near-term revenue visibility.
Risk Factors
- Continued revenue decline and widening losses despite high cash balance
- Execution risk on technology roadmap and delivery timelines for large orders
- Heavy reliance on future government and research contracts for revenue growth
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249723 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
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May 26, 2026
14d ago
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Insider Cluster
| $24.62 $26.88 | ▲ +9.18% | ▲ +7.97% | $19.69 (−20.02%) |
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May 21, 2026
19d ago
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Press Release
| $22.04 $27.03 | ▲ +22.64% | ▲ +21.04% | $19.69 (−10.66%) |
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Apr 27, 2026
6w ago
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Press Release
| $16.39 $17.70 | ▲ +7.99% | ▲ +6.30% | $19.69 (+20.13%) |
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Mar 4, 2026
13w ago
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8-K
| $16.97 $16.07 | ▼ −5.30% | ▼ −3.07% | $19.69 (+16.03%) |
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Mar 4, 2026
13w ago
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Press Release
| $16.97 $16.07 | ▼ −5.30% | ▼ −3.07% | $19.69 (+16.03%) |
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