Filing Flows › Rigetti Computing (RGTI) › Q3 2025
Rigetti Computing (RGTI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Rigetti Computing (RGTI) reported revenue of $1.9M for the third quarter 2025 (Q3 2025), -18% from a year earlier and +8% from the quarter before.
Rigetti Computing, Q3 2025: revenue $1.9M (-18% year over year), net loss $201M, operating cash flow −$13.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | +8% | -18% |
| Operating profit | −$20.5M | — | — |
| Net earnings | −$201M | — | — |
| Operating cash flow | −$13.8M | — | — |
What changed
Revenue was $1.9M in Q3 2025, down 18% year over year and up 8% from the previous quarter. Collaborative research and professional services was the largest line at 97% of revenue. Collaborative research and professional services lost $67K year over year (down 3%), 16% of the total change.
Gross margin was 20.7%, down 29.9 points from a year earlier. Operating costs exceeded revenue by $20.5M, an operating margin of -1055.4%. Operating expenses grew 13% against a revenue fall of 18%. The fastest-growing cost line was Research & development (+18%). The quarter ended with a net loss of $201.0M, wider than the previous quarter's $39.7M loss. Net interest and other expense of $180.4M was the main reason.
Operating cash flow was −$13.8M. Non-cash charges added back $2.1M of depreciation and $4.3M of share-based compensation. Working capital and other items added $180.8M. Capital expenditures of $5.9M exceeded it, leaving free cash flow of −$19.7M.
Questions
What was Rigetti Computing's revenue in the third quarter 2025?
Rigetti Computing (RGTI) reported revenue of $1.9M for the third quarter 2025 (Q3 2025), -18% from a year earlier and +8% from the quarter before.
Source: Rigetti Computing 10-Q on SEC EDGAR.