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Rigetti Computing, Inc. RGTI Q1 2025 earnings

Reported May 12, 2025 · After market close

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

Next report

Aug 11, 2026 (In 2 weeks)
Revenue estimate$5.1M
EPS estimate-$0.03

Financials

Q1 2025

Income statement

See full
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

See full
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

See full
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
See full
Market cap$2.26B+953%
Enterprise value$2.24B+978%
P/S245.8×+229×

Profitability

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

Returns & leverage

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

Segments

By geography

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

By product

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

By segment

See full
Single Reportable$1.5M-51.8%

Versus estimates

Revenue

Q1 2026$4.4MBeat by $313.4KQ4 2025$1.9MMiss by $460.3KQ3 2025$1.9MMiss by $221.7KQ2 2025$1.8MMiss by $626.4K
Q1 2025$1.5MMiss by $1.1M
Q4 2024$2.3MMiss by $226.0K

Diluted EPS

Q1 2026-$0.04Beat by $0.01Q4 2025-$0.03Beat by $0.02Q3 2025-$0.03Beat by $0.01Q2 2025-$0.05Beat by $0.01
Q1 2025-$0.08Miss by $0.03
Q4 2024-$0.08In line

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Questions, answered.

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 diluted 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 diluted EPS grew 42.9% from $-0.14.
Where can I find Rigetti Computing, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001558370-25-007375) directly on SEC EDGAR. The filing index links above go to sec.gov.