Filing Flows › Rigetti Computing (RGTI) › Q2 2025
Rigetti Computing (RGTI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Rigetti Computing (RGTI) reported revenue of $1.8M for the second quarter 2025 (Q2 2025), -42% from a year earlier and +22% from the quarter before.
Rigetti Computing, Q2 2025: revenue $1.8M (-42% year over year), net loss $39.7M, operating cash flow −$16.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8M | +22% | -42% |
| Operating profit | −$19.9M | — | — |
| Net earnings | −$39.7M | -193% | — |
| Operating cash flow | −$16.2M | — | — |
What changed
Revenue was $1.8M in Q2 2025, down 42% year over year and up 22% from the previous quarter. Collaborative research and professional services was the largest line at 95% of revenue. Collaborative research and professional services lost $1.4M year over year (down 44%), 107% of the total change.
Gross margin was 31.4%, down 33.1 points from a year earlier. Operating costs exceeded revenue by $19.9M, an operating margin of -1103.9%. Operating expenses grew 13% against a revenue fall of 42%. The fastest-growing cost line was Research & development (+14%). The quarter ended with a net loss of $39.7M, after a profit of $42.6M the previous quarter.
Operating cash flow was −$16.2M. Non-cash charges added back $1.9M of depreciation and $3.6M of share-based compensation. Working capital and other items added $18.0M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$21.8M.
Questions
What was Rigetti Computing's revenue in the second quarter 2025?
Rigetti Computing (RGTI) reported revenue of $1.8M for the second quarter 2025 (Q2 2025), -42% from a year earlier and +22% from the quarter before.
Source: Rigetti Computing 10-Q on SEC EDGAR.