Rigetti Computing stock is up big, but is the run over? Explore the risks and rewards of this quantum computing stock to decide if now is the right time to buy.

Rigetti reported Q2 earnings this week and posted $1.8 million in revenue, down 41% year-over-year. Net loss was $39.7 million and well over the $12.4 million loss in the year-ago quarter. This was due to $22.8 million in non-cash losses related to changes in derivative warrants and earn-out liabilities.

Rigetti Computing RGTI reported second-quarter 2025 adjusted loss per share of 5 cents, narrower than the loss per share of 7 cents in the prior-year quarter. The metric also surpassed the Zacks Consensus Estimate of earnings by 16.