Should Rigetti Computing win the quantum computing race, it could benefit from a massive market opportunity that's expected to arise over the next decade. Before 2030, management estimates that the total market opportunity for quantum computing is approximately $1 billion to $2 billion, primarily focused on government research labs. However, management believes that there is a $15 billion to $30 billion annual market opportunity that will arise between 2030 and 2040. Should Rigetti Computing become the go-t ...

Rigetti Computing (RGTI 0.72%) is one of the more popular quantum computing start-up stocks on the market. It currently trades for around $11 per share, so if it reached $20, the stock would nearly double.While that may sound like a tall task, Rigetti Computing actually hit $20 during the first few days of the year before selling off. So, can the stock return to its all-time high before the end of 2025? Rigetti Computing is still solving the quantum computing accuracy problemRigetti Computing is a quantum c ...

Core Insights - Rigetti Computing has completed sales of $350 million in gross proceeds from its common stock through an at-the-market equity offering program, bringing its total cash, cash equivalents, and available-for-sale investments to approximately $575 million with no debt [1] - The company plans to utilize the proceeds primarily for working capital, capital expenditures, and general corporate purposes, with potential future investments in strategic collaborations, acquisitions, or partnerships [1] Company Overview - Rigetti Computing is a pioneer in full-stack quantum computing, operating quantum computers over the cloud since 2017 and serving a diverse clientele including global enterprises, government, and research institutions through its Rigetti Quantum Cloud Services platform [2] - The company began selling on-premises quantum computing systems in 2021, featuring qubit counts ranging from 24 to 84, and introduced its 9-qubit Novera QPU in 2023 to support the R&D community [2] - Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems and manufactures its chips in-house at Fab-1, the first dedicated and integrated quantum device manufacturing facility [2]

Should you invest in the quantum computing or AI stock? But from 2024 to 2027, analysts expect its revenue to grow at a compound annual rate of 52% from $10.8 million to $37.7 million, and expect it to narrow its net loss to $85.4 million. That acceleration should be driven by more commercial contracts and even more powerful systems. Rigetti provides quantum processing units (QPUs), full quantum systems, and a cloud-based platform for developing quantum applications. That makes it a one-stop shop for quantu ...

Rigetti Computing (RGTI) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Company Participants Subodh Kulkarni - President & CEOJeffrey Bertelsen - CFOBrian Kinstlinger - MD, Director of Research & Head of Technology ResearchCraig Ellis - Director of Research Conference Call Participants David Williams - Equity Research AnalystQuinn Bolton - Senior AnalystNone - AnalystRichard Shannon - Senior Research Analyst Operator Thank you for standing by and welcome to the Rigetti Computing First Quarter twenty twenty ...

Financial Data and Key Metrics Changes - Revenues in Q1 2025 were $1,500,000, down from $3,100,000 in Q1 2024, indicating a significant decline [12] - Gross margins decreased to 30% in Q1 2025 from 49% in Q1 2024, primarily due to lower margin revenues from a contract with the UK's NQCC [12] - Total operating expenses (OpEx) increased to $22,100,000 in Q1 2025 from $18,100,000 in the same period last year, driven by salary increases, new hires, and higher stock compensation expenses [13] - The operating loss for Q1 2025 was $21,600,000, compared to $16,600,000 in the prior year [13] - The company recorded a net income of $42,600,000 in Q1 2025, a turnaround from a net loss of $20,800,000 in Q1 2024, largely due to favorable non-cash changes in derivative warrant and earn-out liabilities [14] Business Line Data and Key Metrics Changes - The company is focusing on advancing its utility scale quantum computer concept, collaborating with Riverlane on quantum error correction technology [4][5] - The consortium for the AFOSR award aims to develop chip fabrication technology, with a total award of $5,480,000 [5] Market Data and Key Metrics Changes - The company is actively participating in DARPA's quantum benchmarking initiative, which is critical for advancing utility scale quantum computing [4][28] - The interest in quantum computing remains primarily in R&D, with significant government contracts driving current sales [38][41] Company Strategy and Development Direction - The company is pursuing a chiplet approach to scale qubit counts, aiming for 36 qubits by mid-2025 and over 100 qubits by the end of 2025 [16][18] - The strategy includes enhancing quantum error correction capabilities and integrating digital chip-based technology with existing systems [8][9] - The partnership with Quanta Computer is strategic, focusing on non-GPU hardware components, which will allow the company to concentrate on QPU development [91][94] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the NQI reauthorization bill, which is expected to pass with bipartisan support, although funding may take additional time to materialize [21][48] - The company anticipates that achieving quantum advantage will take at least three to five years, with current efforts focused on R&D and technology milestones [38][42] Other Important Information - The company has closed a $35,000,000 investment from Quanta Computer, which strengthens their strategic collaboration [10][90] - The company is exploring optical signaling as a future technology to improve scalability and reduce thermal load in quantum systems [78][81] Q&A Session Summary Question: Progress on chip tiling and timelines - Management confirmed confidence in the chiplet approach to achieve 36 qubits by mid-2025 and over 100 by the end of 2025, with promising data supporting this strategy [16][17] Question: Updates on the DARPA contract - The DARPA Quantum Benchmarking Initiative is crucial for utility scale quantum computing, with specific milestones related to qubit count and fidelity required to progress to the next phase [26][28] Question: Revenue from DARPA phases - Phase A of the DARPA project includes a $1,000,000 award, with expectations for increased funding in subsequent phases [34] Question: Customer interest in quantum processors - Current interest remains in R&D, with significant government funding impacting the conversion of interest into orders [40][41] Question: Optical signaling and its roadmap - Optical signaling is a key element for future scalability, with expectations to transition from coax to fiber optic cables in the next three to four years [78][81] Question: NQCC revenue recognition timeframe - Revenue from the NQCC opportunity is expected to be recognized over the next year, with a similar timeline for the Air Force contract [84]

Rigetti Computing (RGTI) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Speaker0 Thank you for standing by and welcome to the Rigetti Computing First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you'll need to press 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, ...

BERKELEY, Calif., May 12, 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 first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights Total revenues for the three months ended March 31, 2025 were $1.5 millionTotal operating expenses for the three months ended March 31, 2025 were $22.1 millionOperating loss for the three months ended March ...

BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it has closed the previously announced investment by Quanta Computer Inc. (“Quanta”, TWSE: 2382.TW) related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share. “We are pleased to t ...

Rigetti Computing, Inc. (NASDAQ:RGTI) Q4 2024 Earnings Conference Call March 5, 2025 5:00 PM ET Company Participants Subodh Kulkarni - President and Chief Executive Officer Jeffrey Bertelsen - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Shadi Mitwalli - Needham & Company Steven Silverman - TD Cowen Richard Shannon - Craig-Hallum Brian Kinstlinger - Alliance Global Partners David Williams - The Benchmark Company Operator Thank you for standing by, and welcome to Rigetti's Four ...