secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2026-08-06T20:05:29+00:00
Accession:  0001104659-26-091979
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000110465926091979/0001104659-26-091979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000110465926091979/rgti-20260806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-091979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer