Revenue: As of FY2025 Q2, the actual value is USD 1.801 M.

EPS: As of FY2025 Q2, the actual value is USD -0.13.

Segment Revenue

• Collaborative Research and Professional Services: Revenue for the three months ended June 30, 2025 was $1,711 thousand, compared to $3,081 thousand for the same period in 2024. For the six months ended June 30, 2025, revenue was $3,043 thousand, compared to $5,918 thousand in 2024.
• Access to Quantum Computing Systems: Revenue for the three months ended June 30, 2025 was $90 thousand, compared to $5 thousand for the same period in 2024. For the six months ended June 30, 2025, revenue was $230 thousand, compared to $220 thousand in 2024.

Operational Metrics

• Net Income (Loss): For the three months ended June 30, 2025, the net loss was $39,654 thousand, compared to a net loss of $12,421 thousand for the same period in 2024. For the six months ended June 30, 2025, net income was $2,965 thousand, compared to a net loss of $33,194 thousand in 2024.
• Gross Profit: Total gross profit for the three months ended June 30, 2025 was $566 thousand, compared to $1,990 thousand for the same period in 2024. For the six months ended June 30, 2025, gross profit was $1,008 thousand, compared to $3,490 thousand in 2024.
• Operating Expenses: Total operating expenses for the three months ended June 30, 2025 were $20,448 thousand, compared to $18,075 thousand for the same period in 2024. For the six months ended June 30, 2025, operating expenses were $42,522 thousand, compared to $36,160 thousand in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the six months ended June 30, 2025, net cash used in operating activities was $29,820 thousand, compared to $26,656 thousand for the same period in 2024.
• Net Cash Used in Investing Activities: For the six months ended June 30, 2025, net cash used in investing activities was $369,732 thousand, compared to $7,033 thousand for the same period in 2024.
• Net Cash Provided by Financing Activities: For the six months ended June 30, 2025, net cash provided by financing activities was $389,095 thousand, compared to $33,093 thousand for the same period in 2024.

Unique Metrics

• Derivative Warrant Liabilities: The fair value of derivative warrant liabilities for Public Warrants as of June 30, 2025 was $48,680 thousand, compared to $70,265 thousand as of December 31, 2024.
• Earn-out Liabilities: The fair value of earn-out liabilities as of June 30, 2025 was $6,371 thousand, compared to $45,897 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: Rigetti plans to release a 100+ qubit chiplet-based system with a 99.5% median two-qubit gate fidelity before the end of 2025.
• Non-Core Business: The company has entered into a Collaboration Agreement with Quanta Computer, Inc., where both parties will invest at least $250 million over the next five years in the field of quantum computing.