---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-080475"
form_type: "8-K"
ticker: "RGTI"
cik: "0001838359"
company_name: "Rigetti Computing, Inc."
filed_at: "2023-03-27T23:59:59+00:00"
generated_at: "2026-06-17T15:31:39.120396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rigetti Q4 rev $6.1M, net loss $22.9M; expects cash $65-75M by end 2023

## Summary
- Q4 revenue $6.1M (up from $1.8M YoY); full-year revenue $13.1M (vs $8.2M in 2021 11-month period).
- Q4 net loss $22.9M ($0.19/sh) vs $14.1M ($0.61/sh) prior year; FY net loss $71.5M ($0.70/sh).
- Cash and securities $142.8M at Dec 31, 2022; expects year-end 2023 cash of $65-75M; needs funding by late 2024/early 2025.
- Executive changes: Subodh Kulkarni CEO Dec 2022, Jeff Bertelsen CFO Feb 2023, David Rivas CTO Feb 2023.
- Ankaa-1 84-qubit chip deployed internally; targeting 98% fidelity for Ankaa-2 in Q4 2023, 99% in 2024; plan for 336-qubit Lyra.

## SEC filing metadata
- accession: 0001193125-23-080475
- form_type: 8-K
- ticker: RGTI
- cik: 0001838359
- company_name: Rigetti Computing, Inc.
- filed_at: 2023-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838359/000119312523080475/0001193125-23-080475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838359/000119312523080475/d468774d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-080475
- JSON: https://secwatch.observer/filing/0001193125-23-080475.json
- Plain text: https://secwatch.observer/filing/0001193125-23-080475.txt

## Key facts
- Earnings Releases
  Rigetti Computing, Inc. reported the three months ended December 31, 2022 results: revenue $6.1 million, net income $22.9 million, EPS $0.19 per share.
  - Period: the three months ended December 31, 2022
  - Revenue: $6.1 million
  - Net income: $22.9 million
  - EPS: $0.19 per share
  - Result: reported results
  source text: Total revenues for the three months ended December 31, 2022 were $6.1 million, compared to $1.8 million in the same period of 2021. • Total operating expenses for the three months ended December 31, 2022 were $32.0 million, compared to $12.2 million in the same period of 2021. • Operating loss for the three months ended December 31, 2022 was $26.7 million, compared to $11.1 million in the same period of 2021. • Net loss for the three months ended December 31, 2022 was $22.9 million or $0.19 per share, compared to $14.1 million or $0.61 per share in the same period of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838359/000119312523080475/0001193125-23-080475-index.htm
- Earnings Releases
  Rigetti Computing, Inc. reported the year ended December 31, 2022 results: revenue $13.1 million, net income $71.5 million, EPS $0.70 per share.
  - Period: the year ended December 31, 2022
  - Revenue: $13.1 million
  - Net income: $71.5 million
  - EPS: $0.70 per share
  - Result: reported results
  source text: Year-End 2022 Results • For the 12 months ending December 31, 2022, total revenues were $13.1 million, and net loss was $71.5 million or $0.70 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838359/000119312523080475/0001193125-23-080475-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.