Rigetti Computing Reports 2025 Financial Results and Technical Progress
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Rigetti Computing reported substantial technical progress alongside its 2025 financial results, demonstrating 99.9% two-qubit gate fidelity at a gate speed of 28 nanoseconds on a prototype platform. The company recorded 7.1 million in total revenues for the year ended December 31, 2025, and also reported a GAAP net loss of 216.2 million; the firm currently holds 589.8 million in cash and investments. “In 2025, we made great progress across fidelity, scale, and system architecture,” said Dr. Subodh Kulkarni, Rigetti CEO, emphasizing a focus on achieving practical quantum advantage. This progress is underscored by a recent 8.4 million order from India’s Centre for Development of Advanced Computing for a 108-qubit on-premises quantum computer expected to ship in the second half of 2026. 2025 Financial Performance: 7.1 Million Revenue, 216.2 Million Net Loss Rigetti Computing concluded 2025 with a significant financial disparity; while generating 7.1 million in revenue, the company reported a net loss of 216.2 million, a figure reflecting the substantial investment required to advance quantum computing technology. This considerable loss does not appear to have dampened the company’s trajectory, as evidenced by reported advancements in qubit fidelity and system architecture throughout the year. The financial results, released on March 4, 2026, reveal an operating loss of 22.6 million for the fourth quarter, and a non-GAAP net loss of 50.5 million for the entire year, highlighting the current economic realities of developing quantum hardware. Despite the losses, Rigetti points to key technological milestones achieved in 2025 as justification for continued investment. This improvement builds on existing high one-qubit gate fidelity, currently at 99.9%, and median two-qubit gate fidelities of 99.7% on a 9-qubit system, 99.6% on a 36-qubit system, and 99% on the 108-qubit Cepheus-1-108Q system. Subodh Kulkarni, Rigetti CEO, emphasized the company’s focus on building practical quantum systems. The company’s vertically integrated approach, encompassing materials science, fabrication, and system design, is intended to accelerate progress and reduce the difference in fidelity with other quantum modalities, while maintaining a speed advantage approximately 1,000 times faster than trapped ion or neutral atom systems. Strategic partnerships and growing demand also appear to be bolstering Rigetti’s outlook. Kulkarni noted the company anticipates first-quarter year-over-year revenue growth, driven by shipments of a previously announced 5.7 million order from Novera for on-premises systems. Rigetti’s chiplet-based architecture, designed for scalability, and its dedicated manufacturing facility, Fab-1, are positioned as key differentiators in a rapidly evolving quantum landscape. 99.9% Two-Qubit Gate Fidelity Achieved on Prototype Platform Rigetti Computing continues to refine the performance of its superconducting qubit systems, a crucial step toward realizing practical quantum computation. While significant challenges remain in building stable and scalable quantum processors, recent results demonstrate incremental but vital progress in qubit control and coherence. The company has reported achieving a two-qubit gate fidelity of 99.9% on a prototype platform, utilizing a new proprietary adiabatic CZ scheme, a figure that underscores ongoing improvements in hardware and control systems. The consistent upward trend across different qubit counts suggests that Rigetti is successfully addressing key sources of error as it scales its technology. The company emphasizes that these improvements are driven by its vertically integrated approach, encompassing design, fabrication, and testing, allowing for rapid iteration and protection of intellectual property. Beyond simply achieving high fidelity, Rigetti is focused on maintaining speed. This speed advantage is critical for executing complex quantum algorithms and mitigating the effects of decoherence, the loss of quantum information over time. Rigetti’s chiplet-based architecture is central to its scaling strategy. By tiling smaller quantum processing units (chiplets) together, the company aims to overcome the limitations of monolithic chip fabrication. This approach allows for increased qubit counts while maintaining control over chip uniformity and improving manufacturing yield. “Our chiplet-based approach provides a practical and scalable path toward large-scale quantum systems,” the company asserts, positioning this as a key differentiator in the rapidly evolving quantum landscape. The company is now focused on deploying its 108-qubit chiplet-based system and advancing toward even larger-scale systems, with the ultimate goal of achieving quantum advantage. 8.4 Million C-DAC Order for 108-Qubit On-Premises System Rigetti Computing is extending its reach into the Indian quantum landscape with a substantial order from the Centre for Development of Advanced Computing (C-DAC). The $8.4 million purchase will provide C-DAC with a 108-qubit on-premises superconducting quantum computer, signaling growing international demand for direct access to quantum hardware. This deployment isn’t simply about acquiring technology; it’s about integrating it into existing high-performance computing environments to foster both quantum research and the development of hybrid classical-quantum workloads. The system, built on Rigetti’s chiplet architecture, is slated for installation in the second half of 2026. This architecture is proving pivotal for scaling quantum computers beyond the limitations of single-chip designs. “Demand for on-premises quantum systems from government and research institutions continues to grow,” noted Dr. Subodh Kulkarni, Rigetti CEO, highlighting a trend toward localized quantum infrastructure. He further emphasized that these deployments “underscore Rigetti’s role as a long-term technology partner” and that the company remains focused on executing its roadmap and advancing toward larger-scale systems as it works steadily toward quantum advantage. Source: https://investors.rigetti.com/news-releases/news-release-details/rigetti-computing-reports-fourth-quarter-and-full-year-2025 Tags: