Rigetti reports Q2 revenue $1.8M, net loss $39.7M; announces GA of Cepheus-1-36Q multi-chip system

Rigetti Computing, Inc.

2025-Q2 EPS reported $0.00 revenue$3,273,000

Q2 2025: total revenue $1.8M, operating loss $19.9M, net loss $39.7M (incl. $22.8M non-cash loss on derivatives).
Cash, cash equivalents & investments $571.6M as of June 30, 2025, no debt; $350M equity completed in Q2.
General availability of 36-qubit multi-chip quantum computer Cepheus-1-36Q with 99.5% median two-qubit gate fidelity.
Technology planned: 100+ qubit chiplet-based system at 99.5% fidelity targeted by end of 2025.

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