earnings
confidence high
sentiment neutral
materiality 0.70
Rigetti Q4 revenue $2.3M, net loss $153M; announces $100M+ collaboration with Quanta Computer
Rigetti Computing, Inc.
- Q4 2024 revenue $2.3M, operating loss $18.5M, net loss $153.0M including $135.1M non-cash charges.
- Full-year 2024 revenue $10.8M, operating loss $68.5M, net loss $201.0M; cash $217.2M at year-end.
- Strategic collaboration with Quanta Computer; each to invest >$100M over 5 years; Quanta to buy $35M stock.
- Launched 84-qubit Ankaa-3 system with 99.0% median iSWAP gate fidelity and 99.5% fSim gates.
- Sold Novera QPU to Montana State University; AI calibration milestone with Quantum Elements and Qruise.