Rigetti Computing Q2 2025 revenue falls to $1.8M, missing consensus
Rigetti Computing (Nasdaq: RGTI) reported Q2 2025 revenue of $1.8 million on 2025-08-12, down from $3.1 million a year earlier and slightly below the ~$1.87 million consensus, with a net loss of $39.7 million (including $22.8 million of non-cash derivative-warrant and earn-out losses) and $571.6 million in cash and investments at quarter end. EODHD recorded GAAP EPS of -$0.0536 versus -$0.05. Results were on Form 10-Q and Form 8-K (Item 2.02); a separate product announcement was carried under Item 7.01 (see related event).
Revenue declined year over year and missed consensus, a weak top line partly offset by a large cash cushion; on the earnings line alone this is a below-median print, with the concurrent Cepheus-1-36Q product announcement the more material same-day development.
Declining revenue against a >$570M cash position frames Rigetti as technology-led and capital-cushioned rather than commercially scaling; the market reaction keyed more on the product roadmap than the income statement.