Rigetti Q3 revenue $1.9M, op loss $20.5M; DARPA QBI Stage B miss; orders $5.7M; cash $600M

Rigetti Computing, Inc.

2025-Q3 EPS reported -$0.65 revenue$5,220,000

Total revenues $1.9M; GAAP net loss $201.0M ($0.62 per share); non-GAAP net loss $10.7M ($0.03 per share).
Operating loss $20.5M; cash and AFS investments $558.9M at Sept 30; plus $46.5M from warrant exercises, ~$600M as of Nov 6.
Received purchase orders for two 9-qubit Novera systems totaling ~$5.7M, delivery expected H1 2026.
Not initially selected for DARPA QBI Stage B but dialogue ongoing; awarded $5.8M AFRL contract with QphoX.
Technology roadmap: 100+ qubit by end 2025 (99.5% fidelity), 150+ qubit by end 2026 (99.7%), 1,000+ qubit by end 2027 (99.8%).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.