Rigetti Computing Inc Stock Price, News & Analysis

Rigetti Computing (NASDAQ:RGTI) has announced a strategic collaboration with Montana State University (MSU) to advance quantum computing research and innovation. The partnership marks a significant milestone with the opening of MSU's QCORE facility, making it the first academic institution to house an on-premises Rigetti quantum computer.

The facility features a 9-qubit Novera™ QPU, based on Rigetti's Ankaa™-class architecture. The collaboration encompasses research projects in quantum hardware, hybrid quantum systems, workforce development, and component testing. The partnership also aligns with Rigetti's existing work with the Air Force Research Lab (AFRL), demonstrating the company's commitment to advancing quantum technologies through public-private partnerships.

Rigetti Computing (NASDAQ:RGTI) reported Q2 2025 financial results and announced the general availability of Cepheus™-1-36Q, the industry's largest multi-chip quantum computer. The company reported revenue of $1.8 million with a net loss of $39.7 million.

Key achievements include a 2x reduction in two-qubit gate error rate from its previous system, achieving 99.5% median two-qubit gate fidelity. The four-chiplet system represents the largest number of chiplets in a quantum computer. The company successfully raised $350 million through an equity offering, ending Q2 2025 with $571.6 million in cash and investments.

Rigetti plans to release a 100+ qubit chiplet-based system with 99.5% median two-qubit gate fidelity by the end of 2025.

Rigetti Computing (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, has scheduled its second quarter 2025 financial results release for August 12, 2025 after market close.

The company will host a conference call at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss financial results and provide business updates. Investors can access the live webcast through the company's investor relations website, with a replay available for one year following the call.

Rigetti Computing (Nasdaq: RGTI) has achieved a significant technical milestone with its new 36-qubit quantum computer system, demonstrating a 99.5% median two-qubit gate fidelity - representing a 2x reduction in error rate compared to its previous 84-qubit Ankaa-3 system.

The new system utilizes four 9-qubit chips (chiplets) tiled together, showcasing Rigetti's proprietary modular chip technology. The company plans to launch the 36-qubit system on August 15, 2025, and remains on track to release a 100+ qubit chiplet-based system with 99.5% fidelity by the end of 2025.

CEO Dr. Subodh Kulkarni highlighted that their superconducting qubits offer gate speeds 1,000x faster than competing technologies like ion trap and pure atoms, while maintaining scalability advantages.

Tradr ETFs is expanding its quantum computing ETF portfolio with two new leveraged single-stock ETFs launching on June 24, 2025: the Tradr 2X Long QUBT Daily ETF (QUBX) and Tradr 2X Long RGTI Daily ETF (RGTU). These additions follow the success of their 2x D-Wave Quantum ETF, which has accumulated over $45 million in assets and averages $32.5 million in daily turnover since its April 25 launch. Tradr's recent expansion includes five 2X long leveraged ETFs launched since late-April, targeting stocks like Tempus AI, AppLovin, D-Wave Quantum, Archer Aviation, and Upstart Holdings, collectively managing $110 million in assets as of June 17, 2025. This launch will position Tradr as the leader in leveraged single-stock ETFs focused on quantum computing stocks.

Rigetti Computing (NASDAQ: RGTI), a pioneer in quantum-classical computing, has successfully completed a $350 million at-the-market equity offering of its common stock. This funding boost increases the company's total cash position to approximately $575 million, with zero debt. The company plans to use the proceeds primarily for working capital, capital expenditures, and general corporate purposes. Additionally, Rigetti may allocate funds for potential strategic collaborations, acquisitions, or partnerships. The funding strengthens Rigetti's position to support the commercial scale-up of its superconducting gate-based quantum computers.

Rigetti Computing (RGTI) reported its Q1 2025 financial results, with revenues of $1.5 million and operating expenses of $22.1 million. The company posted a net income of $42.6 million, largely due to $62.1 million in non-cash gains from warrant and earn-out liabilities. Cash position strengthened to $237.7 million after Quanta Computer's $35 million investment at $11.59 per share. Rigetti secured several government contracts, including DARPA's Quantum Benchmarking Initiative, a $5.48 million AFOSR award, and three Innovate UK awards worth £3.5 million. Technical achievements include demonstrating optical control of superconducting qubits and developing a new quantum optimization algorithm. The company plans to upgrade its NQCC quantum computer from 24 to 36 qubits.

Rigetti Computing (NASDAQ: RGTI), a pioneer in full-stack quantum-classical computing, has announced that CEO Dr. Subodh Kulkarni will participate in a fireside chat at the 20th Annual Needham Technology, Media & Consumer Conference. The event is scheduled for May 9, 2025, at 1:30 PM ET. Investors can access the live webcast through Rigetti's Investor Relations website, and a replay will be available for 90 days after the event.

QphoX, Rigetti Computing (NASDAQ: RGTI), and the National Quantum Computing Centre (NQCC) have secured a multinational grant to develop optical readout technology for superconducting quantum computers. The collaboration follows a successful demonstration where QphoX and Rigetti achieved optical readout of a single superconducting qubit using microwave-to-optical transduction.

The 33-month project will focus on scaling QphoX's optical qubit readout system to interface with Rigetti's 9-qubit Novera QPU, enabling optical readout of all qubits. The system will be installed at the NQCC facility. This innovative approach could replace conventional microwave amplifiers and coaxial wiring, offering significant scaling advantages due to lower heat dissipation and minimal passive heat loads from optical fiber.