Rigetti Computing Experiences Third Quarter 2025 Monetary Outcomes; Offers Expertise Roadmap Updates for 2026 and 2027

Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Firm”), a pioneer in full-stack quantum-classical computing, in the present day introduced its monetary outcomes for the third quarter ended September 30, 2025.

Third Quarter 2025 and Current Monetary Highlights

• Whole revenues for the three months ended September 30, 2025 had been $1.9 million
• Working loss for the three months ended September 30 was $20.5 million
• For the three months ended September 30, 2025: GAAP internet loss $201.0 million; non-GAAP internet loss $10.7 million
• For the three months ended September 30, 2025: GAAP internet loss per share $(0.62); non-GAAP internet loss per share $(0.03)
• As of September 30. 2025 money, money equivalents and available-for-sale investments totaled $558.9 million
• Subsequent to September 30, 2025 and thru November 6, 2025, proceeds of $46.5 million had been acquired from the train of Warrants
• As of November 6, 2025 money, money equivalents and available-for-sale investments totaled roughly $600.0 million.

“This previous quarter, we noticed sturdy momentum with each the demand for our on-premises quantum computer systems and the event of collaborations to advance our personal R&D and the quantum ecosystem extra broadly,” says Dr. Subodh Kulkarni, Rigetti CEO.

“Rigetti’s open and modular structure continues to permit us to combine modern options with our expertise stack, together with our Air Pressure Analysis Laboratory (AFRL)-funded mission with QphoX and AFRL to advance superconducting quantum pc networking,” Dr. Kulkarni continues.

“Our new collaborations with the Centre for Improvement of Superior Computing (C-DAC) and Montana State College (MSU) showcase the growing maturity of the quantum computing ecosystem. Rigetti is proud to be deepening our help for quantum computing capabilities within the tutorial and authorities sectors,” provides Dr. Kulkarni. “We’re equally excited to help NVIDIA NVQLink, NVIDIA’s new open platform for AI supercomputer-quantum integration, which is a promising useful resource to speed up hybrid computation improvement as we work in the direction of quantum benefit.”

“On the expertise entrance, we stay on monitor to ship our 100+ qubit chiplet-based quantum system with an anticipated 99.5% median two-qubit gate constancy by the top of 2025.”

2026-2027 Expertise Roadmap Updates

The Firm expects to deploy a 150+ qubit system by or across the finish of 2026 with an anticipated 99.7% median two-qubit gate constancy, and a 1,000+ qubit system by or across the finish of 2027 with an anticipated 99.8% median two-qubit gate constancy.

Business Updates

Rigetti Publicizes Buy Orders for Two Quantum Computing Methods Totaling Roughly $5.7 Million
In September 2025, Rigetti introduced that it secured buy orders totaling roughly $5.7 million for 2 9-qubit Novera™ quantum computing programs. Each programs are upgradeable, permitting the shoppers to extend the system qubit depend for extra advanced computations and analysis. Supply for each programs is anticipated within the first half of 2026.

One system is being bought by an Asian expertise manufacturing firm. The system will function a testbed to develop inside quantum computing experience. Additionally they plan to benchmark and validate their very own quantum computing applied sciences with the Novera system.

The opposite system is being bought by a California-based utilized physics and synthetic intelligence startup. The system will probably be used for quantum {hardware} and error correction analysis.

Rigetti Publicizes Italy Growth
Rigetti plans to open an Italian subsidiary within the coming months. We consider that this improvement will enable the Firm to speed up its pursuit of enterprise alternatives and expertise in Italy because the area dedicates extra sources and funding to bolstering its quantum computing initiatives.

Rigetti, in Collaboration with QphoX, Awarded $5.8M AFRL Contract to Advance Superconducting Quantum Networking
In September 2025, Rigetti introduced that it was awarded a three-year, $5.8 million contract from AFRL to advance superconducting quantum networking. Rigetti will probably be collaborating with QphoX on the mission, a Dutch quantum expertise startup growing main frequency conversion programs for quantum purposes. A key problem to networking superconducting quantum computer systems is the necessity to convert the microwave alerts, that are used to manage superconducting qubits, to optical photons that may journey alongside these fibers. This mission goals to ship programs offering entanglement between superconducting qubits and optical photons, the important constructing block of quantum networking.

Rigetti Publicizes Replace on DARPA QBI Participation
Rigetti stays engaged with the Protection Superior Analysis Initiatives Company (DARPA) on Stage A of the Quantum Benchmarking Initiative (QBI). On November 6, DARPA introduced the businesses initially chosen to take part in Stage B of QBI. Though Rigetti was not initially chosen for Stage B, the Firm acquired constructive enter from DARPA relating to its proposal and its dialogue with DARPA is ongoing. Rigetti is optimistic about being chosen for Stage B within the coming months.

Partnership and Collaboration Updates

Rigetti Helps NVIDIA NVQLink, NVIDIA’s New Open Platform for AI Supercomputer-Quantum Integration
Rigetti introduced that it’s supporting NVIDIA NVQLink, NVIDIA’s new open platform for integrating AI supercomputing with quantum computer systems. By offering low latency and excessive throughput integration between quantum {hardware} and AI supercomputing, NVQLink is a really promising useful resource to speed up hybrid computation improvement on the trail in the direction of quantum benefit.

Rigetti Computing and MSU Collaborate to Advance Quantum Analysis and Innovation
Rigetti introduced a brand new collaboration with MSU to advance quantum computing analysis and innovation. By the collaboration, Rigetti and MSU intend to collaborate on quite a lot of initiatives, together with analysis tasks associated to quantum {hardware} and hybrid quantum programs, workforce improvement actions, and co-development and testing of enabling applied sciences and quantum system parts. Rigetti might also help QCORE by offering strategic and technical enter on its analysis and program improvement, providing workforce coaching alternatives, and supporting regional expertise improvement, amongst different efforts to bolster the middle. Collectively, these initiatives underscore the significance of public-private partnerships in advancing next-generation quantum applied sciences.

MSU is the primary tutorial establishment with an on-premises Rigetti quantum pc. QCORE includes a 9-qubit Novera™ QPU, which will probably be utilized by researchers to advance quantum computing R&D.

Rigetti and India’s C-DAC Announce MOU to Discover Co-Improvement of Hybrid Quantum Computing Methods
Rigetti signed an MOU with the C-DAC, India’s premier R&D group of the Ministry of Electronics and Info Expertise. With this MOU, Rigetti and C-DAC intend to collaborate on the design and improvement of hybrid quantum computing programs and associated applied sciences and convey them to market. Rigetti and C-DAC anticipate to additionally discover use case and software workflow improvement leveraging hybrid computing infrastructure and take part in workforce improvement actions.

Convention Name and Webcast
Rigetti will host a convention name tomorrow, November 11, 2025, at 8:30 am ET, or 5:30 am PT, to debate its third quarter 2025 monetary outcomes.

You may take heed to a stay audio webcast of the convention name at https://edge.media-server.com/mmc/p/8so362do/ or the “Occasions & Shows” part of the Firm’s Investor Relations web site at https://investors.rigetti.com/ . A replay of the convention name will probably be out there on the identical places following the conclusion of the decision for one 12 months.

To take part within the stay name, you could register utilizing the next hyperlink: https://register-conf.media-server.com/register/BI9d07be37ed2d4fc69d60a7d54d9669aa . As soon as registered, you’ll obtain dial-in numbers and a singular PIN quantity. While you dial in, you’ll enter your PIN and be routed into the decision. In case you register and neglect your PIN, or lose the registration affirmation e-mail, merely re-register to obtain a brand new PIN.

Non-GAAP Monetary Measures
To complement Rigetti’s consolidated monetary statements introduced in accordance with U.S. typically accepted accounting ideas (GAAP), the Firm makes use of sure non-GAAP monetary measures, non-GAAP internet loss and non-GAAP internet loss per share attributable to frequent stockholders-basic and diluted. The Firm believes that offering these non-GAAP monetary measures enhances the Firm’s and traders’ capacity to check the Firm’s previous monetary efficiency with its present efficiency. Non-GAAP internet loss is outlined as GAAP internet loss excluding stock-based compensation bills, change in honest worth of spinoff warrant liabilities and alter in honest worth of earn-out liabilities, and non-GAAP internet loss per share attributable to frequent stockholders-basic and diluted is outlined as non-GAAP internet loss divided by the weighted common shares used to compute internet loss per share attributable to frequent stockholders -basic and diluted. The Firm excludes stock-based compensation bills, change in honest worth of spinoff warrant liabilities and alter in honest worth of earn-out liabilities from non-GAAP internet loss and non-GAAP internet loss per share attributable to frequent stockholders -basic and diluted primarily as a result of these are non-cash bills that the Firm believes are usually not reflective of ongoing working outcomes and such objects will not be comparable from interval to interval because of modifications within the honest market worth of the Firm’s frequent inventory, which is influenced by exterior components such because the volatility of public markets and the efficiency of the Firm’s friends. These non-GAAP monetary measures, that are included on this press launch and which can be referred to on the convention name discussing the Firm’s third quarter monetary outcomes, are supplied as supplemental data to the monetary measures introduced on this press launch and mentioned on the convention name which might be calculated and introduced in accordance with GAAP. Non-GAAP monetary measures shouldn’t be thought of an alternative choice to, or superior to, monetary measures decided or calculated in accordance with GAAP. The Firm’s definitions of its non-GAAP monetary measures will not be akin to equally titled measures reported by different firms. For a reconciliation of every non-GAAP monetary measure to its most instantly comparable GAAP measure, please seek advice from the reconciliation tables on the finish of this press launch.

About Rigetti
Rigetti is a pioneer in full-stack quantum computing. The Firm has operated quantum computer systems over the cloud since 2017 and serves world enterprise, authorities, and analysis purchasers via its Rigetti Quantum Cloud Providers platform. In 2021, Rigetti started promoting on-premises quantum computing programs with qubit counts between 24 and 84 qubits, supporting nationwide laboratories and quantum computing facilities. Rigetti’s 9-qubit Novera QPU was launched in 2023 supporting a broader R&D group with a high-performance, on-premises QPU designed to plug right into a buyer’s current cryogenic and management programs. The Firm’s proprietary quantum-classical infrastructure offers high-performance integration with private and non-private clouds for sensible quantum computing. Rigetti has developed the business’s first multi-chip quantum processor for scalable quantum computing programs. The Firm designs and manufactures its chips in-house at Fab-1, the business’s first devoted and built-in quantum machine manufacturing facility. Be taught extra at https://www.rigetti.com/ .

Contacts
Rigetti Computing Investor Contact:
IR@Rigetti.com

Rigetti Computing Media Contact:
press@rigetti.com

Cautionary Language and Ahead-Wanting Statements
Sure statements on this communication could also be thought of “forward-looking statements” inside the that means of the federal securities legal guidelines, together with statements with respect to the Firm’s expectations with respect to its future success and efficiency, together with expectations associated to the Firm’s capacity to realize milestones together with supply of a 100+ qubit chiplet-based quantum system with an anticipated 99.5% median two-qubit gate constancy by the top of 2025; expectations to deploy a 150+ qubit system by or across the finish of 2026 with an anticipated 99.7% median two-qubit gate constancy, and a 1,000+ qubit system by or across the finish of 2027 with an anticipated 99.8% median two-qubit gate constancy; goals to ship programs offering entanglement between superconducting qubits and optical photons via the AFRL mission with QphoX; views that NVIDIA NVQLink is a really promising useful resource to speed up hybrid computation improvement on the trail in the direction of quantum benefit; intentions for Rigetti and MSU to collaborate on quite a lot of initiatives, together with analysis tasks associated to quantum {hardware} and hybrid quantum programs, workforce improvement actions, and co-development and testing of enabling applied sciences and quantum system parts via their MOU; the intention for Rigetti and C-DAC to collaborate on the design and improvement of hybrid quantum computing programs and associated applied sciences and convey them to market; the expectation for Rigetti and C-DAC to discover use case and software workflow improvement leveraging hybrid computing infrastructure and take part in workforce improvement actions; optimism about being chosen for Part B within the coming months; plans to open an Italian subsidiary within the coming months; perception that the Italian subsidiary will enable the Firm to speed up its pursuit of enterprise alternatives and expertise in Italy; and the potential of the Firm’s enterprise and quantum computing typically. These forward-looking statements are primarily based upon estimates and assumptions that, whereas thought of cheap by the Firm and its administration, are inherently unsure. Components which will trigger precise outcomes to vary materially from present expectations embrace, however are usually not restricted to: the Firm’s capacity to realize milestones, technological developments, together with with respect to its expertise roadmap; the power of the Firm to acquire authorities contracts efficiently and in a well timed method and the supply of presidency funding; the potential of quantum computing; the success of the Firm’s partnerships and collaborations, together with the strategic collaboration with Quanta, NVIDIA, MSU, QphoX, and C-DAC; the Firm’s capacity to speed up its improvement of a number of generations of quantum processors; the end result of any authorized proceedings that could be instituted towards the Firm or others; the power to take care of relationships with clients and suppliers and appeal to and retain administration and key workers; prices associated to working as a public firm; modifications in relevant legal guidelines or laws; the likelihood that the Firm could also be adversely affected by different financial, enterprise, or aggressive components; the Firm’s estimates of bills and profitability; the evolution of the markets wherein the Firm competes; the power of the Firm to implement its strategic initiatives and enlargement plans; the anticipated use of proceeds from the Firm’s previous and future financings or different capital; the sufficiency of the Firm’s money sources; unfavorable situations within the Firm’s business, the worldwide financial system or world provide chain, together with rising inflation, tariffs, and interest rates, deteriorating worldwide commerce relations, political turmoil, pure catastrophes, warfare and terrorist assaults; and different dangers and uncertainties set forth within the part entitled “Danger Components” and “Cautionary Notice Concerning Ahead-Wanting Statements” within the Firm’s Annual Report on Kind 10-Okay for the 12 months ended December 31, 2024 and Quarterly Report on Kind 10-Q for the quarter ended September 30, 2025 and different paperwork filed by the Firm sometimes with the Securities and Trade Fee. These filings establish and tackle different essential dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and the Firm assumes no obligation and doesn’t intend to replace or revise these forward-looking statements apart from as required by relevant legislation. The Firm doesn’t give any assurance that it’s going to obtain its expectations.