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Key Facts About Rigetti Computing’s Q3 Performance
Rigetti Computing (NASDAQ: RGTI) experienced a significant decline in its stock value, plummeting over 50% since early October. This downturn followed the company’s disappointing third-quarter results, where it reported $1.9 million in revenue, falling short of the analysts’ expectations of $2.2 million.
As of November 6, 2025, Rigetti’s cash position stands at $600 million, which is seen as crucial for its future operations and the development of its quantum computing technology. The company recorded a net loss of $201 million in Q3, primarily due to accounting changes, but its adjusted net loss was a lesser $10.7 million.
Despite the revenue miss and a year-over-year decline of 18% in revenue, Rigetti holds orders worth $5.7 million for two 9-qubit quantum computers expected to be delivered by mid-2026, highlighting potential future income despite current setbacks.
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