Rigetti Q1 net income $42.6M on non-cash gains; revenue $1.5M, operating loss $21.6M

Rigetti Computing, Inc.

2025-Q1 EPS reported $0.13 revenue$1,472,000

Total revenue $1.5M; operating loss $21.6M; net income $42.6M includes $62.1M non-cash derivative gain.
Cash & investments $209.1M at Mar 31; $237.7M after Quanta Computer $35M share purchase at ~$11.59/share.
Selected for DARPA Quantum Benchmarking Stage A (up to $1M); awarded $5.48M AFOSR chip-tech consortium.
Awarded £3.5M Innovate UK awards to advance quantum error correction with Riverlane and NQCC.
Published optical qubit control paper in Nature Physics; demonstrated quantum preconditioning advantage on Ankaa-3.

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