Filing Flows › Rigetti Computing (RGTI) › Q4 2025
Rigetti Computing (RGTI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 4, 2026
Rigetti Computing (RGTI) reported revenue of $1.9M for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and -4% from the quarter before.
Rigetti Computing, Q4 2025: revenue $1.9M (-18% year over year), net loss $18.2M, operating cash flow −$14.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9M | -4% | -18% |
| Operating profit | −$22.6M | — | — |
| Net earnings | −$18.2M | — | — |
| Operating cash flow | −$14.9M | — | — |
What changed
Revenue was $1.9M in Q4 2025, down 18% year over year and down 4% from the previous quarter. Collaborative research and professional services was the largest line at 93% of revenue.
Gross margin was 34.9%, down 9.2 points from Q4 2024. Operating costs exceeded revenue by $22.6M, an operating margin of -1209.7%. Operating expenses grew 19% against a revenue fall of 18%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $18.2M, narrower than the previous quarter's $201.0M loss. Non-operating items added $4.4M, -24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$14.9M. Non-cash charges added back $2.4M of depreciation and $5.6M of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $4.6M exceeded it, leaving free cash flow of −$19.5M.
Questions
What was Rigetti Computing's revenue in the fourth quarter 2025?
Rigetti Computing (RGTI) reported revenue of $1.9M for the fourth quarter 2025 (Q4 2025), -18% from a year earlier and -4% from the quarter before.
Source: Rigetti Computing 10-K on SEC EDGAR.