Rigetti Computing, Inc. (RGTI) Income Statement
RGTI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRGTI revenue and net income
Where RGTI's revenue goes
2025Each bar shows an amount and its share of revenue. RGTI kept −3,050.4% of revenue as net income.
RGTI profit margins
RGTI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −34.3% | −18.5% | +5.0% | — |
| Gross profit | −207.2% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RGTI quarterly EPS vs estimates
Rigetti Computing beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 9, 2026 (estimate $-0.07).
RGTI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.1M | $10.8M | $12.0M | $13.1M | $8.2M | $5.5M | $735,482 |
| Cost of revenue | $13.2M | $5.1M | $2.8M | $2.9M | $6.3M | $1.5M | $288,162 |
| Gross profit | −$6.1M | $5.7M | $9.2M | $10.2M | $1.9M | $4.1M | $447,320 |
| Research & development | $61.3M | $49.8M | $52.8M | $60.0M | $26.9M | $24.1M | $29.4M |
| Sales, general & admin | $25.4M | $24.5M | $27.7M | $54.0M | $12.3M | $15.0M | $18.7M |
| Total operating expenses | $78.6M | $74.2M | $81.5M | $119.3M | $36.1M | $39.1M | $48.1M |
| Operating income | −$84.7M | −$68.5M | −$72.3M | −$109.1M | −$34.1M | −$35.1M | −$47.7M |
| Interest income | $16.6M | $5.1M | $5.1M | $2.4M | — | — | — |
| Interest expense | $0 | $3.3M | $5.8M | $5.3M | $2.5M | — | — |
| Income before taxes | −$216.2M | −$201.0M | −$75.1M | −$71.5M | −$38.2M | −$26.1M | −$53.8M |
| Income taxes | — | — | — | −$35.0M | −$2.5M | −$8.9M | $1.1M |
| Net income | −$216.2M | −$201.0M | −$75.1M | −$71.5M | −$38.2M | −$17.2M | −$53.8M |
| EBITDA | −$208.0M | −$190.8M | −$61.9M | −$59.2M | −$31.1M | −$30.8M | −$43.8M |
| EPS (diluted) | −$0.20 | −$0.97 | −$0.53 | −$0.77 | −$0.54 | −$0.15 | — |
| Gross margin | −86.1% | 52.8% | 76.7% | 78.1% | 23.5% | 73.1% | 60.8% |
| Operating margin | −1,194.4% | −634.9% | −602.1% | −832.5% | −416.4% | −633.1% | −6,485.8% |
| Net margin | −3,050.4% | −1,862.7% | −625.5% | −545.9% | −466.6% | −310.4% | −7,317.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1M | $4.4M | $1.9M | $1.9M | $1.8M | $1.5M | $2.3M | $2.4M | $3.1M | $3.1M | $3.4M | $3.1M |
| Cost of revenue | $3.0M | $5.6M | $3.6M | $1.5M | $1.2M | $1.0M | $1.3M | $1.2M | $1.1M | $3.3M | $2.3M | $834,000 |
| Gross profit | $2.2M | −$1.2M | −$1.7M | $404,000 | $566,000 | $442,000 | $1.0M | $1.2M | $2.0M | −$287,000 | $1.1M | $2.3M |
| Research & development | $20.7M | $20.0M | $17.3M | $15.0M | $13.5M | $15.5M | $13.7M | $12.8M | $11.9M | $9.7M | $11.3M | $13.1M |
| Sales, general & admin | $9.5M | $7.4M | $5.9M | $5.9M | $6.9M | $6.6M | $5.8M | $5.8M | $6.2M | $6.6M | $20.3M | $6.0M |
| Total operating expenses | $30.2M | $24.7M | $20.9M | $21.0M | $20.4M | $22.1M | $19.5M | $18.6M | $18.1M | $16.3M | $18.3M | $19.1M |
| Operating income | −$28.1M | −$26.0M | −$22.6M | −$20.5M | −$19.9M | −$21.6M | −$18.5M | −$17.3M | −$16.1M | −$16.6M | −$17.2M | −$16.8M |
| Interest income | $5.1M | $5.4M | $5.8M | $5.6M | $3.0M | $2.2M | $1.5M | $1.2M | $1.2M | $1.1M | $1.3M | $1.3M |
| Interest expense | — | — | $0 | $0 | $0 | $0 | $446,000 | $733,000 | $969,000 | $1.1M | $1.3M | $1.5M |
| Income before taxes | −$52.6M | $33.1M | −$18.2M | −$201.0M | −$39.7M | $42.6M | −$153.0M | −$14.8M | −$12.4M | −$20.8M | −$12.6M | −$22.2M |
| Income taxes | — | — | — | — | — | — | — | — | — | $1.7M | −$5.8M | $1.5M |
| Net income | −$52.6M | $33.1M | −$18.2M | −$201.0M | −$39.7M | $42.6M | −$153.0M | −$14.8M | −$12.4M | −$20.8M | −$12.6M | −$22.2M |
| EBITDA | −$49.7M | $35.7M | −$15.8M | −$198.9M | −$37.8M | $44.4M | −$150.8M | −$12.3M | −$9.9M | −$17.9M | −$9.9M | −$18.1M |
| EPS (diluted) | −$0.16 | −$0.04 | −$0.03 | −$0.03 | −$0.06 | −$0.08 | −$0.68 | −$0.08 | −$0.07 | −$0.14 | −$0.04 | −$0.17 |
| Gross margin | 42.6% | −28.1% | −92.1% | 20.7% | 31.4% | 30.0% | 44.1% | 50.6% | 64.5% | −9.4% | 31.9% | 73.1% |
| Operating margin | −546.2% | −589.8% | −1,209.7% | −1,055.4% | −1,103.9% | −1,469.6% | −813.3% | −729.4% | −521.2% | −543.4% | −509.7% | −542.1% |
| Net margin | −1,023.9% | 752.5% | −974.7% | −10,321.9% | −2,201.8% | 2,895.3% | −6,726.5% | −623.8% | −402.5% | −680.6% | −372.4% | −715.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RGTI's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RGTI financial results
In fiscal year 2025 (ended December 31, 2025), Rigetti Computing reported revenue of $7.1 million, down 34.3% from the year before. It had a net loss of $216.2 million, a net profit margin of −3,050.4%. Diluted earnings per share came to −$0.20. Over five years revenue grew at an average rate of 5.0% a year.
See the RGTI stock overview for the latest quote and news, or the RGTI chart for price history and technical indicators.
RGTI income statement FAQ
What is Rigetti Computing's annual revenue?
Rigetti Computing reported total revenue of $7.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 34.3% from $10.8 million the previous year.
Is Rigetti Computing profitable?
No. Rigetti Computing reported a net loss of $216.2 million in fiscal 2025, a net profit margin of −3,050.4%; its operating margin was −1,194.4%.
What is Rigetti Computing's gross margin?
Rigetti Computing's gross margin was −86.1% in fiscal 2025: for every $100 of revenue, Rigetti Computing kept $-86 after the direct cost of its products and services.
How much does Rigetti Computing spend on research and development?
Rigetti Computing spent $61.3 million on research and development in fiscal 2025, 865.5% of revenue.
How fast is Rigetti Computing growing?
Revenue grew 5.0% a year on average over the last five fiscal years, from $5.5 million to $7.1 million.
What are Rigetti Computing's earnings per share?
Rigetti Computing earned $-0.20 per diluted share in fiscal 2025, compared with $-0.97 a year earlier.
When will Rigetti Computing report its next earnings?
Rigetti Computing is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does Rigetti Computing's fiscal year end?
Rigetti Computing's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.