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Rigetti Reports Wider Loss, Shares Drop Over 5%

11/13/2025

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Summary

Story summary

Rigetti Computing (RGTI) reported Q3 results with an adjusted loss of 3 cents per share, vs a 7-cent loss a year earlier.
Revenue fell 18% to $1.95 million, missing $2.2 million expected by analysts.
Rigetti posted a $20.5 million operating loss while holding about $600 million in cash.
The company targets 150+ qubits by 2026 and 1,000+ by 2027.
Shares declined over 5% after the report amid ongoing sector volatility.

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Story summary

Rigetti Computing (RGTI) reported Q3 results with an adjusted loss of 3 cents per share, vs a 7-cent loss a year earlier.
Revenue fell 18% to $1.95 million, missing $2.2 million expected by analysts.
Rigetti posted a $20.5 million operating loss while holding about $600 million in cash.
The company targets 150+ qubits by 2026 and 1,000+ by 2027.
Shares declined over 5% after the report amid ongoing sector volatility.