Exhibit 99.1 Rigetti Computing Reports Fourth Quarter and Full-Year 2024 Results BERKELEY, Calif., March 5, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter and Full-Year 2024 Financial Highlights Business & Strategic Collaboration Updates New strategic collaboration with Quanta Computer Rigetti has ent ...

BERKELEY, Calif., March 05, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financial results for the fourth quarter and year ended December 31, 2024. Fourth Quarter and Full-Year 2024 Financial Highlights Revenues for the three months ended December 31, 2024 were $2.3 millionOperating expenses for the three months ended December 31, 2024 were $19.5 millionOperating loss for the three month ...

Shares of Rigetti Computing (RGTI -8.98%) have taken quite a ride, down 61% from their 52-week high yet still up a spectacular 362% over the past year. In some ways, that extreme volatility mirrors the quantum systems the company aims to harness, where particles exist in multiple states, defined by superposition, entanglement, and intrinsic uncertainty.These aren't just theoretical concepts. Recent advances in quantum technology have paved the way for practical commercial applications that Rigetti is well p ...

Rigetti Computing (RGTI -8.98%), one of a group of high-flying quantum computing stocks, took a dive last month as a combination of news items and macroeconomic concerns weighed on the stock.Shares of Rigetti, which currently has negligible revenue, have soared in recent months on investor excitement over quantum computing, but the stock remains a speculative play. Because of that, the stock is highly volatile, so it wasn't surprising that it didn't take much for the stock to fall 36% last month, according ...

BERKELEY, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be participating in a fireside chat at the Cantor Global Technology Conference on March 12, 2025. Information for the event is as follows: Webcast registration link: https://sqps.onstreamsecure.com/origin/enliven/players/EnlivenPlayer.html?customerId=22&eventId=59290576&checkC ...

Rigetti Computing (RGTI) is set to report fourth-quarter 2024 results on March 5.The Zacks Consensus Estimate for fourth-quarter revenues is currently pegged at $2.4 million, indicating a decline of 28.99% year over year. The consensus mark for earnings is currently pegged at a loss of 8 cents per share, unchanged over the past 30 days. The figure indicates a 11.11% increase from the year-ago quarter’s reported figure.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let’s see how thing ...

Group 1: Industry Overview - Major technological breakthroughs, such as generative AI, can create trillions in shareholder value over time, with OpenAI's ChatGPT being a notable example [1] - Quantum computing is identified as a potential opportunity, with estimates suggesting it could generate up to $850 billion in economic value annually by 2040 according to Boston Consulting Group [4] - Quantum computing has the capability to solve complex problems much faster than traditional computers, making it valuable in fields like materials science and drug discovery [3] Group 2: Company Profile - Rigetti Computing - Rigetti Computing has seen its shares increase by approximately 400% over the last 12 months, indicating strong market interest [2] - The company focuses on hardware development in quantum computing and has created a platform called Quantum Cloud Services (QCS) to provide remote quantum computing power [6] - Rigetti's QCS offers clients a way to access quantum computing capabilities without the need for in-house infrastructure, potentially saving costs [7] Group 3: Financial Performance - Rigetti's revenue fell by 23% year over year to $2.4 million in the third quarter, with operating losses reaching $17.3 million, which is seven times its sales [8] - Research and development expenses accounted for 69% of Rigetti's operating expenses, totaling $12.8 million out of $18.6 million [8] - The company is facing challenges in achieving profitability and may rely on equity dilution to fund operations, which could negatively impact its stock price [10]

Core Insights - Rigetti Computing has entered a strategic collaboration with Quanta Computer to advance superconducting quantum computing technologies [1][2][4] - Both companies will invest over $100 million each over the next five years, with Quanta also committing to a $35 million investment in Rigetti [2][4] - The quantum computing market is projected to grow to $1-2 billion annually by 2030, with superconducting qubits offering advantages such as fast gate speeds and established manufacturing techniques [3][5] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers via the cloud since 2017 and offering on-premises systems with qubit counts between 24 and 84 [5] - The company has developed the first multi-chip quantum processor for scalable systems and manufactures its chips in-house at its dedicated facility [5] - Quanta Computer is a leader in notebook manufacturing and cloud computing solutions, with FY2024 revenues of $43 billion and a workforce of approximately 60,000 [6]

Group 1 - Rigetti Computing (RGTI) is currently one of the most popular stocks in the quantum computing market [1] - The stock prices referenced were from the afternoon of February 21, 2025 [1] - The video discussing this stock was published on February 23, 2025 [1]

Group 1 - Rigetti Computing, Inc. will release its fourth quarter 2024 results on March 5, 2025, after market close [1] - A conference call to discuss the financial results and business operations will take place at 5:00 p.m. ET on the same day [1] - The company has provided links for both the live webcast and participant registration for the call [2][3] Group 2 - Rigetti is a pioneer in hybrid quantum-classical computing and has been operating quantum computers over the cloud since 2017 [4] - The company serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform [4] - Rigetti has introduced various quantum computing systems, including the 9-qubit Novera™ QPU in 2023, designed for high-performance on-premises use [4] - The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1 [4]