Rigetti’s Q4 Revenue Drops 17% to $1.9M as CEO Prepares May 13 Needham Chat
Rigetti’s Q4 2025 revenue fell 17% to $1.9M from $2.3M a year earlier and it failed DARPA’s Quantum Benchmarking Initiative. CEO Subodh Kulkarni and CFO Bertelsen will host investor meetings and Kulkarni will appear in a fireside chat at the Needham Conference May 13 via Rigetti’s IR webcast.
1. Q4 2025 Financial Results and Competitive Challenges
Rigetti’s Q4 2025 revenue declined to $1.9 million from $2.3 million in Q4 2024, a 17% year-over-year decrease. The company did not advance in DARPA’s Quantum Benchmarking Initiative and faces stiff competition from better-funded superconducting qubit rivals such as IonQ, quantum computing ETFs and legacy technology firms.
2. Upcoming Needham Conference Participation
CEO Subodh Kulkarni and CFO Jeff Bertelsen will host one-on-one investor meetings and Kulkarni will participate in a fireside chat at the 21st Annual Needham Technology, Media & Consumer Conference on May 13 at 8:45 AM ET. A live webcast and a 90-day replay will be available on Rigetti’s Investor Relations site.