Latest development: Summary of Q2 performances for Rigetti's quantum computer unveiled
Rigetti's Q3 2025 Earnings: Modest Growth but Continued Losses Expected
Rigetti Computing Inc., a leading quantum computing pioneer, is set to release its Q3 2025 earnings report on November 17, 2025. Analysts forecast a revenue of approximately $2.48 million and an earnings per share (EPS) of about -$0.047 for the quarter.
These figures represent a moderate increase from Q2's $1.8 million in revenue and an EPS loss of -$0.056, which missed analyst expectations. The projected EPS loss for Q3 shows an expected improvement relative to the Q2 loss, but remains negative, implying continued net losses.
The current analyst outlook for the full-year 2025 estimates revenue of $8.85 million and EPS of -$0.189, underscoring an overall loss-making outlook in the near term.
Rigetti's recent launch of its 36-qubit multi-chip quantum computer, Cepheus-1-36Q, with high gate fidelity (99.5%) and plans to release a 100+ qubit system by the end of 2025, may impact future performance but has yet to drive near-term earnings gains.
Despite the challenges, Rigetti's significant pullback may be mitigated if the company beats Q1 expectations or surprises on the upside. However, if Rigetti disappoints, a significant pullback may occur, as price swings are common with this quantum pioneer.
As of June 30, 2025, Rigetti had approximately $571.6 million in cash, cash equivalents, and marketable securities, with no debt. This strong financial position may provide a buffer for the company as it navigates the early stages of quantum technology.
In the broader context, McKinsey & Company predicts the global market for quantum technologies could reach up to $97 billion by 2035. This potential market growth underscores the long-term opportunity for companies like Rigetti, despite the current financial challenges.
For investors, Rigetti Computing Inc. (WKN: A3DE3J) could target its record high of $21.42 if it impresses with its results and guidance. However, it's important to note that the AKTIONÄR Quantum Computing Index, which includes Rigetti alongside D-Wave, IonQ, and other quantum computing pioneers, does not explicitly recommend Rigetti as a buy. Instead, it offers participation in the quantum computing trend.
The expected Q1 revenue is $1.87 million, a 40% drop year-over-year. Rigetti reported Q1 revenue of $1.80 million, lower than the forecasted $1.87 million. The company also reported a Q1 EPS of -$0.13, higher than the expected -$0.05 and above last year's -$0.08. The expected EPS for Q1 was -$0.05, a significant improvement from last year's -$0.08.
Post-market, Rigetti's stock initially dropped by as much as 5%, and last traded down around 2%. Analysts have low expectations for Rigetti's Q1 results due to the muted reaction from investors to the latest numbers from its rivals.
[1] Data sourced from Yahoo Finance and FactSet. [4] Q3 2025 earnings release date as per Rigetti Computing's Investor Relations website.
The anticipated growth in quantum technology industry, as projected by McKinsey & Company, might potentially bring a substantial market value of up to $97 billion by 2035, providing long-term opportunities for companies like Rigetti Computing Inc.
Despite the current financial setbacks, with continued losses expected in Q3 2025 and the full-year 2025, Rigetti's substantial presence in finance sector, coupled with its advancements in technology such as the 36-qubit multi-chip quantum computer, Cepheus-1-36Q, may influence its future performance.
