---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-142025"
form_type: "8-K"
ticker: "RGTI"
cik: "0001838359"
company_name: "Rigetti Computing, Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T04:47:56.134510+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rigetti Q1 2023 net loss $23.4M ($0.19/share); cash burn continues, expects funding need by late 2024

## Summary
- Revenue $2.2M (flat YoY); operating loss $22.0M vs $25.3M; net loss $23.4M vs $17.6M.
- Cash, equivalents and securities $122.0M at March 31, 2023; expects $65-75M by year-end 2023.
- Anticipates need for additional funding by late 2024 or early 2025 to continue R&D.
- Ankaa-1 84-qubit chip achieves 96-97% median 2-qubit fidelity, 65-70ns gate speeds in internal testing.
- Plans to launch Ankaa-1 to select customers mid-2023; Ankaa-2 expected Q4 2023.

## SEC filing metadata
- accession: 0001193125-23-142025
- form_type: 8-K
- ticker: RGTI
- cik: 0001838359
- company_name: Rigetti Computing, Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838359/000119312523142025/0001193125-23-142025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838359/000119312523142025/d448828d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-142025
- JSON: https://secwatch.observer/filing/0001193125-23-142025.json
- Plain text: https://secwatch.observer/filing/0001193125-23-142025.txt

## Key facts
- Earnings Releases
  Rigetti Computing, Inc. reported the first quarter ended March 31, 2023 results: revenue $2.2 million, net income $23.4 million or $0.19 per share, EPS $0.19 per share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $2.2 million
  - Net income: $23.4 million or $0.19 per share
  - EPS: $0.19 per share
  - Result: reported results
  source text: its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights • Total revenues for the three months ended March 31, 2023 were $2.2 million, compared to $2.1 million in the same period of 2022. • Total operating expenses for the three months ended March 31, 2023 were $23.7 million, compared to $27.0 million in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838359/000119312523142025/0001193125-23-142025-index.htm

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