Rigetti Misses Q4 Revenue Estimate, Secures $8.4M Quantum System Order, Holds $589.8M Cash
Rigetti reported Q4 revenue of $1.87 million, missing the $2.34 million consensus, and posted a non-GAAP loss of $0.03 per share. The company ended the quarter with $589.8 million in cash and available-for-sale investments and secured an $8.4 million order for a 108-qubit quantum system.
1. Q4 Financial Performance
Rigetti posted Q4 revenue of $1.87 million against a $2.34 million consensus, delivering a GAAP net loss of $18.2 million and a non-GAAP net loss of $11.3 million, or $0.03 per share.
2. Cash and Liquidity Position
As of December 31, 2025, the company held $589.8 million in cash, cash equivalents and available-for-sale investments, providing ample runway to support ongoing R&D and system deployments.
3. Quantum System Orders
Rigetti secured an $8.4 million purchase order from India’s Centre for Development of Advanced Computing for a 108-qubit on-premises superconducting quantum system, expected to deploy in the second half of 2026, and anticipates $5.7 million of Novera on-premises system shipments in Q1.