Highest-materiality recent filing
Rigetti signs LOI for up to $100M CHIPS Act award for quantum R&D; government to receive equity
Signed LOI with U.S. Department of Commerce for up to $100M over three years under CHIPS Act to accelerate superconducting quantum computing R&D.
Revenue $4.4M, operating loss $26.0M, GAAP net income $33.1M (diluted loss $0.06/sh), non-GAAP net loss $14.7M ($0.04/sh).
Rigetti Computing announces general availability of 108-qubit system Cepheus-1-108Q
Cepheus-1-108Q is Rigetti's highest qubit-count system, with twelve interconnected 9-qubit chiplets.
Rigetti Q4 rev $1.9M, GAAP EPS $(0.06); C-DAC orders $8.4M system
Q4 2025 revenue $1.9M; full-year revenue $7.1M.
Rigetti receives $8.4M order for 108-qubit quantum computer from India's C-DAC
Purchase order valued at $8.4M for a 108-qubit quantum computer installed at C-DAC's Bengaluru center.
Rigetti delays 108-qubit Cepheus-1-108Q general availability to end of Q1 2026
Cepheus-1-108Q now expected to reach general availability around end of Q1 2026, previously earlier timeline.
Rigetti Q3 revenue $1.9M, op loss $20.5M; DARPA QBI Stage B miss; orders $5.7M; cash $600M
Total revenues $1.9M; GAAP net loss $201.0M ($0.62 per share); non-GAAP net loss $10.7M ($0.03 per share).
Rigetti reports Q2 revenue $1.8M, net loss $39.7M; announces GA of Cepheus-1-36Q multi-chip system
Q2 2025: total revenue $1.8M, operating loss $19.9M, net loss $39.7M (incl. $22.8M non-cash loss on derivatives).
Rigetti achieves 99.5% median two-qubit gate fidelity on modular 36-qubit system
99.5% median two-qubit gate fidelity on modular 36-qubit system (four tiled 9-qubit chips).
Rigetti Computing completes $350M ATM equity offering; cash balance rises to ~$575M
Completed sales of $350M gross proceeds via ATM program; sold 30,309,780 shares.
Rigetti Computing files $350M ATM equity offering with Jefferies LLC
Entered into Open Market Sale Agreement with Jefferies LLC for ATM offering of up to $350M of common stock.
Rigetti Q1 net income $42.6M on non-cash gains; revenue $1.5M, operating loss $21.6M
Total revenue $1.5M; operating loss $21.6M; net income $42.6M includes $62.1M non-cash derivative gain.
Rigetti Q4 revenue $2.3M, net loss $153M; announces $100M+ collaboration with Quanta Computer
Q4 2024 revenue $2.3M, operating loss $18.5M, net loss $153.0M including $135.1M non-cash charges.
Rigetti enters collaboration with Quanta; Quanta to invest $35M in Rigetti shares
Strategic collaboration with Quanta Computer (Taiwan) to develop non-QPU quantum components like control systems, dilution refrigerators, flexible cables.
Rigetti CEO discloses $220M cash, no debt, 3-4 year runway to cash flow positive
CEO Subodh Kulkarni said on Bloomberg TV that Rigetti had about $220M cash and no debt at end of 2024.
Rigetti Computing pays off $10.5M loan with Trinity Capital, terminates agreement
Paid total of ~$10.5M to terminate Loan and Security Agreement with Trinity Capital, including $9.5M principal, $0.9M accrued interest/fees/end-of-term, and ~$75,900 prepayment fee.
Rigetti Computing raises $100M via registered direct offering of 50M shares at $2.00/share
Sold 50,000,000 shares in a registered direct offering at $2.00 per share for gross proceeds of $100M.
Rigetti completes $100M ATM equity offering; cash runway extended through 2026
Raised $100M gross proceeds from ATM program since March 2024.
Rigetti Q3 revenue $2.4M, net loss $14.8M; details 100+ qubit system by end of 2025
Q3 2024 revenue $2.4M, operating loss $17.3M, net loss $14.8M; cash and equivalents $92.6M.
Rigetti Computing regains Nasdaq minimum bid price compliance
Nasdaq notified Rigetti on Nov 4, 2024 that it regained compliance after bid price closed at $1.00+ from Oct 18 to Nov 1.
Rigetti receives Nasdaq minimum bid price deficiency notice; 180-day cure period
Received Nasdaq letter on Sept 16, 2024 for non-compliance with $1.00 minimum bid price rule.
Rigetti Q1 2024 revenue $3.1M, net loss $20.8M; raises $32.9M; sells Novera QPU
Q1 revenue $3.1M, operating loss $16.6M, net loss $20.8M.
Rigetti Computing enters $100M at-the-market equity offering with Needham & B. Riley
Company may sell up to $100M of common stock from time to time through Needham & Company and B. Riley Securities.
Rigetti Q4 2023 revenue $3.4M, net loss $12.6M; Ankaa-2 deployed with 98% fidelity
Q4 revenue $3.4M, operating loss $17.2M, net loss $12.6M; cash & equivalents $99.9M.
Rigetti reports preliminary Q4 2023 revenue $2.9–3.4M, operating loss $17.7–19.2M
Full year 2023 revenue estimated $11.5–12.1M; operating loss $72.8–74.3M.
Rigetti reports Q3 revenue $3.1M, net loss $22.2M; delivers QPU to national lab, wins AFRL contract
Revenue $3.1M, operating loss $16.8M, net loss $22.2M for Q3 2023.
Rigetti Q2 revenue $3.3M, net loss $17.0M; completes first QPU sale to national lab
Total revenue $3.3M, operating loss $16.2M, net loss $17.0M for Q2 2023.
Revenue $2.2M (flat YoY); operating loss $22.0M vs $25.3M; net loss $23.4M vs $17.6M.
Rigetti Q4 rev $6.1M, net loss $22.9M; expects cash $65-75M by end 2023
Q4 revenue $6.1M (up from $1.8M YoY); full-year revenue $13.1M (vs $8.2M in 2021 11-month period).
Rigetti Computing enters separation agreement with founder Chad Rigetti; cash severance $446K
Cash severance of $446,000 (12 months base salary) payable in installments with a catch-up lump sum.
Rigetti cuts 28% workforce (~50 employees), appoints new CFO and CTO, revises tech roadmap
Workforce reduction of ~28% affecting ~50 employees; expects ~$1.4M restructuring charges in Q1 2023.
Rigetti Computing receives Nasdaq bid price deficiency notice; 180 days to cure
On Jan 25, 2023, Nasdaq notified Rigetti its common stock closing bid price was below $1.00 for 30 consecutive business days.
Cathy McCarthy would not stand for re-election as a Class III director on the Board of Directors of the Company (the “Board”) upon the completion of her current term, which expires at the Company’s 2025 Annual Meeting of Stockholders
Cathy McCarthy notified Rigetti Computing, Inc. (the “Company”) that she would not stand for re-election to the Board of Directors of the Company
On November 6, 2024, Rick Danis, General Counsel and Corporate Secretary of Rigetti Computing, Inc. (the “Company”), informed the Company of his intention to resign from such offices effective as of November 30, 2024
On February 22, 2024, David Cowan notified Rigetti Computing, Inc. (the “Company”) that he would not stand for re-election to the Board of Directors of the Company upon the completion of his current term, which expires at the Company’s 2024 Annual Meeting of Stockholders.
elected Thomas J. Iannotti as a Class II director and appointed Mr. Iannotti Chairman of the Board
As previously reported on the Original Form 8-K, on November 12, 2022, the Company’s board of directors accepted the resignation of Dr. Rigetti, the Company’s Founder, President and Chief Executive Officer, from all positions he held with the Company.
the appointment of Jeffrey Bertelsen as the Company’s new Chief Financial Officer, each effective as of February 15, 2023
the Board approved the termination of Brian Sereda, the Company’s Chief Financial Officer, from such position
On December 16, 2022, the Board of Directors (the “Board”) of Rigetti Computing, Inc. (the “Company”) appointed Dr. Subodh Kulkarni to the Board, effective as of December 16, 2022
the vacancy created by Dr. Chad Rigetti’s previously disclosed resignation from the Board effective as of December 15, 2022.
It is expected that Dr. Kulkarni will be appointed to the Company’s Board of Directors following Dr. Chad Rigetti’s previously announced departure date from the Company’s Board of Directors on December 15, 2022.
Dr. Subodh Kulkarni was appointed as President and Chief Executive Officer (principal executive officer) of Rigetti Computing, Inc. (the “Company”), effective as of December 12, 2022
Max materiality 0.85 · Median 0.60 · Most common event other_material