Rigetti Earnings Beat: Quantum Revenue Jumps, But IonQ Gap Stays Wide
Rigetti Computing posted first-quarter revenue of $4.4 million and an operating loss of $26.0 million, with $569.0 million in cash and investments as of March 31. The company’s adjusted loss was 4 cents per share, slightly beating forecasts, and its stock closed up 8.3% before slipping after hours. IonQ, a larger rival, reported $64.7 million in revenue and $3.1 billion in cash. Rigetti shipped new quantum hardware and plans major UK investment.