secwatch.observer — SEC 8-K summary
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Issuer:     Rigetti Computing, Inc. (RGTI)
CIK:        0001838359
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001558370-25-002254
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rigetti Q4 revenue $2.3M, net loss $153M; announces $100M+ collaboration with Quanta Computer
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- Q4 2024 revenue $2.3M, operating loss $18.5M, net loss $153.0M including $135.1M non-cash charges.
- Full-year 2024 revenue $10.8M, operating loss $68.5M, net loss $201.0M; cash $217.2M at year-end.
- Strategic collaboration with Quanta Computer; each to invest >$100M over 5 years; Quanta to buy $35M stock.
- Launched 84-qubit Ankaa-3 system with 99.0% median iSWAP gate fidelity and 99.5% fSim gates.
- Sold Novera QPU to Montana State University; AI calibration milestone with Quantum Elements and Qruise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838359/000155837025002254/0001558370-25-002254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838359/000155837025002254/rgti-20250305x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002254

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