Rigetti Computing Inc

Latest Results (06.10.2025):

Rigetti Computing Inc. announced its financial results for the first quarter of 2025, reporting a total revenue of $1.5 million. Despite operating expenses of $22.1 million, the company reported a net income of $42.6 million, bolstered by significant non-cash gains. The company's cash reserves increased to $237.7 million by the end of April 2025 following a strategic investment.

Total Revenues

In the first quarter of 2025, Rigetti Computing Inc. generated total revenues of $1.5 million.

Operating Expenses

The company reported total operating expenses of $22.1 million for the three months ended March 31, 2025.

Net Income

Rigetti achieved a net income of $42.6 million in Q1 2025, which includes $62.1 million in non-cash gains from changes in the fair value of derivative warrant and earn-out liabilities.

Cash Position

As of March 31, 2025, Rigetti had $209.1 million in cash, cash equivalents, and available-for-sale investments. This increased to $237.7 million by April 30, 2025, following Quanta Computer Inc.'s investment.

Investment by Quanta Computer

On April 29, 2025, Quanta Computer Inc. invested approximately $35 million in Rigetti by purchasing shares at roughly $11.59 per share, enhancing Rigetti's financial standing and strategic collaboration.