earnings
confidence high
sentiment neutral
materiality 0.75
Rigetti Q1 rev $4.4M, GAAP net income $33.1M (diluted loss $0.06/sh), non-GAAP loss $0.04/sh; 108-qubit GA
Rigetti Computing, Inc.
2026-Q1 EPS reported
-$0.06
revenue$4,400,000
- Revenue $4.4M, operating loss $26.0M, GAAP net income $33.1M (diluted loss $0.06/sh), non-GAAP net loss $14.7M ($0.04/sh).
- Cash, cash equivalents & investments $569.0M at March 31, 2026; no debt.
- Launched 108-qubit Cepheus-1-108Q system into GA on Rigetti QCS, Amazon Braket, Azure Quantum, qBraid.
- Announced up to $100M investment in UK for >1,000-qubit system within 3-4 years.
- Completed sale of 9-qubit Novera QPU to University of Saskatchewan; contributed to YoY revenue growth.