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Rigetti Computing, Inc. RGTI Q1 2025 earnings

Reported May 12, 2025 · After market close

Revenue$1.5MMiss by $1.1M
EPS-$0.08Miss by $0.03
Revenue estimate$2.6M
EPS estimate-$0.05

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$3.7M
EPS estimate-$0.05

Financials

Q1 2025

Income statement

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Revenue$1.5M-51.8%
Gross profit$442.0K-70.5%
Operating income-$21.6M-30.4%
Net income$42.6M+305%
EPS (diluted)$0.13+193%

Balance sheet

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Cash & equivalents$37.2M+5.9%
Total debt$8.4M-69.3%
Total equity$207.1M+79.2%
Total assets$269.1M+66.0%

Cash flow

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Operating cash flow-$13.7M-3.9%
CapEx$2.5M-53.6%
Free cash flow-$16.2M+13.1%

Valuation & ratios

Valuation

as of 03/31/25
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Market cap$2.26B+953%
Enterprise value$2.24B+978%
P/S245.8×+229×

Profitability

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Gross margin50.4%-19.7pp
Operating margin-798.7%+923pp
Net margin-1,494%-3,796pp
FCF margin-643.8%+484pp

Returns & leverage

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Return on equity-85.3%+67.2pp
Debt / equity0×-0.2×
Current ratio18.8×+14.4×

Segments

By geography

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Europe$1.0M+13.4%
Asia$74.0K+7,300%

By product

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Collaborative Research And Other Professional Services$1.3M-53.0%
Access To Quantum Computing Systems$140.0K-34.9%

By segment

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Single Reportable$1.5M-51.8%

FAQ

When did Rigetti Computing, Inc. report Q1 2025 earnings?
Rigetti Computing, Inc. (RGTI) reported Q1 2025 earnings on May 12, 2025 after market close.
What were Rigetti Computing, Inc.'s Q1 2025 revenue and EPS?
Rigetti Computing, Inc. reported revenue of $1.5M and eps of $-0.08 for Q1 2025.
Did Rigetti Computing, Inc. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $2.6M by $1.1M. EPS missed the consensus estimate of $-0.05 by $0.03.
How did Rigetti Computing, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 51.8% from $3.1M a year earlier and eps grew 42.9% from $-0.14.
Where can I find Rigetti Computing, Inc.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001558370-25-007372) and the 10-Q periodic report (0001558370-25-007375) directly on SEC EDGAR. The filing index links above go to sec.gov.