Rigetti Q2 revenue $5.1M, net loss $52.6M; secures up to $100M DoC LOI

Rigetti Computing, Inc.

Total revenues $5.1M; GAAP net loss $52.6M ($0.16 diluted EPS); non-GAAP net loss $16.0M ($0.05).
Cash and investments $541.3M as of June 30, 2026; no debt.
Signed LOI with U.S. Dept. of Commerce for up to $100M funding over 3 years for superconducting quantum R&D; DoC to receive equity stake.
Technology: Cepheus-1-108Q achieves 99.9% single-qubit, 99.1% two-qubit gate fidelity; roadmap targets ~1,000 qubits, ~99.9% fidelity in ~3 years.
Expanding on-premises: 9-qubit Novera system for HPE/PSC, 108-qubit system for C-DAC India; UK investment up to $100M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.