secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001104659-25-109129
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Q3 revenue $1.9M, op loss $20.5M; DARPA QBI Stage B miss; orders $5.7M; cash $600M
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- Total revenues $1.9M; GAAP net loss $201.0M ($0.62 per share); non-GAAP net loss $10.7M ($0.03 per share).
- Operating loss $20.5M; cash and AFS investments $558.9M at Sept 30; plus $46.5M from warrant exercises, ~$600M as of Nov 6.
- Received purchase orders for two 9-qubit Novera systems totaling ~$5.7M, delivery expected H1 2026.
- Not initially selected for DARPA QBI Stage B but dialogue ongoing; awarded $5.8M AFRL contract with QphoX.
- Technology roadmap: 100+ qubit by end 2025 (99.5% fidelity), 150+ qubit by end 2026 (99.7%), 1,000+ qubit by end 2027 (99.8%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465925109129/0001104659-25-109129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465925109129/rgti-20251110x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-109129

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