Rigetti Computing Inc (MEX:RGTI)

Q2 2025 Rigetti Computing Inc Earnings Call Transcript

Aug 12, 2025 / 09:00 PM GMT

Release Date Price: MXN302.48 (+0.83%)

Transcript 10-Q8-K

Key Points

Positve

Rigetti Computing Inc (RGTI) demonstrated the industry's largest multi-chip quantum computer, CPS 136, with impressive performance.
The company achieved a 2x reduction in 2-qubit gate error rate, reaching 99.5% median 2-qubit gate fidelity.
Rigetti Computing Inc (RGTI) significantly strengthened its balance sheet with $350 million in gross proceeds from a common stock sale.
The company plans to release a 100+ qubit chiplet-based system with 99.5% median 2-qubit gate fidelity by the end of 2025.
Rigetti Computing Inc (RGTI) is well-positioned to support the commercial scale-up of its superconducting gate-based quantum computers.

Negative

Revenues in the second quarter of 2025 were $1.8 million, down from $3.1 million in the second quarter of 2024.
Gross margins decreased to 31% in the second quarter of 2025 from 64% in the same period of 2024.
The company recorded a net loss of $39.7 million for the second quarter of 2025, compared to a net loss of $12.4 million in the prior year period.
Operating expenses increased to $20.4 million in the second quarter of 2025 from $18.1 million in the same period of the prior year.
The expiration of the National Quantum Initiative and its pending reauthorization impacted revenue for the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RGTI.OQ - Rigetti Computing Inc
Q2 2025 Rigetti Computing Inc Earnings Call
Aug 12, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to the Regetti Computing 2nd quarter, 2025 Financial results conference call.

At this time, all participants are in hallucino mode.

After the speaker's presentation, there will be a question and answer session.

To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised.

To withdraw your question, please press 11 again.

Please be advised that today's conference is being recorded.

Oh, now I'd like to hand the conference. Oh, dear speaker today.

Doctor Sabo Kulkarni, Chief Executive Officer. Please go ahead.

--

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