Short answer
Rigetti Computing, Inc. (RGTI) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $4M (up 198.9% year over year) with net income of $33M.
Q1 2026 key financials · XBRL
- Revenue
- $4M
- +198.9% YoY
- Net income
- $33M
- −22.3% YoY
- Operating margin
- -589.8%
- Gross margin
- 31.3%
- EPS (diluted)
- −$0.06
- −146.2% YoY
Source: XBRL data from the Rigetti Computing, Inc. (RGTI) Q1 2026 10-Q on SEC EDGAR. USD.
Rigetti Computing, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.4M, up 199% YoY from $1.5M, driven mainly by higher 9-qubit Novera system sales
- Gross margin 31.3% vs 30.0% YoY, based on gross profit of $1.4M versus $0.4M
- Operating loss $26.0M, with operating margin -589.8% vs -1,469.6% YoY
- Interest income $5.4M vs $2.2M, supported by higher invested cash and available-for-sale investments
- Cash sufficient for at least 12 months; expected R&D growth and potential fabrication-facility capital expenditures pose funding headwinds
Risk Factors
- Roadmap update risk: April 2026 announcement of revised milestones and timeline later in 2026
- Technology execution risk: 108-qubit system with 99.1% median two-qubit gate fidelity
- Operational scalability risk: scalable business model not yet formed during technology development phase
- Competitive and market risk: increased competition or slowing quantum-computing demand could reduce growth
- Financial risk: substantially higher costs required before revenues increase materially
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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