---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007600"
form_type: "8-K"
ticker: "RGTI"
cik: "0001838359"
company_name: "Rigetti Computing, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:59:18.573506+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rigetti Q1 2024 revenue $3.1M, net loss $20.8M; raises $32.9M; sells Novera QPU

## Summary
- Q1 revenue $3.1M, operating loss $16.6M, net loss $20.8M.
- Raised $32.9M from stock sales Jan-May 2024; cash & securities $102.8M at Q1 end.
- Achieved 99.3% median 2-qubit gate fidelity on 9-qubit Ankaa; targets 84-qubit Ankaa-3 by year end.
- Sold Novera QPU to Horizon Quantum Computing (first Singapore installation); launched Novera QPU Partner Program with Bluefors, Quantum Machines, others.

## SEC filing metadata
- accession: 0001558370-24-007600
- form_type: 8-K
- ticker: RGTI
- cik: 0001838359
- company_name: Rigetti Computing, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1838359/000155837024007600/0001558370-24-007600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838359/000155837024007600/rgti-20240509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007600
- JSON: https://secwatch.observer/filing/0001558370-24-007600.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007600.txt

## Key facts
- Earnings Releases
  Rigetti Computing, Inc. reported the three months ended March 31, 2024 results: revenue $3.1 million, net income $20.8 million.
  - Period: the three months ended March 31, 2024
  - Revenue: $3.1 million
  - Net income: $20.8 million
  - Result: reported results
  source text: its financial results for the first quarter ended March 31, 2024. ​ First Quarter 2024 Financial Highlights ● Total revenues for the three months ended March 31, 2024 were $3.1 million ● Total operating expenses for the three months ended March 31, 2024 were $18.1 million ● Operating loss for the three months ended March 31, 2024 was $16.6 million ● Net loss
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838359/000155837024007600/0001558370-24-007600-index.htm

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