Short answer
Rigetti Computing, Inc. (RGTI) filed its Q2 2026 10-Q quarterly report on Aug 6, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $5M (up 185.3% year over year) with net income of −$53M.
Q2 2026 key financials · XBRL
- Revenue
- $5M
- +185.3% YoY · +16.8% QoQ
- Net income
- −$53M
- −32.7% YoY · −258.9% QoQ
- Operating margin
- -546.2%
- Gross margin
- 42.6%
- EPS (diluted)
- −$0.07
- +46.2% YoY · −16.7% QoQ
Source: XBRL data from the Rigetti Computing, Inc. (RGTI) Q2 2026 10-Q on SEC EDGAR. USD.
Rigetti Computing, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $5.138M, up 185% YoY from $1.801M, driven mainly by 9-qubit Novera system sales
- Gross margin 42.6% vs 31.4% YoY, based on gross profit of $2.188M and $566K
- Worst performance: operating loss $28.062M, 41% wider YoY from $19.882M
- Interest income $5.058M vs $3.042M, reflecting higher invested cash and available-for-sale investments
- Outlook: continued losses, higher R&D spending, potential capital expenditures, and revenue volatility from contract timing and product mix
Risk Factors
- Newly added Department of Commerce Transaction risk, triggered by May 21, 2026 CHIPS Act Letter of Intent for up to $100.0 million
- Milestone funding risk, withholdings and clawbacks possible if five-year project milestones are missed
- Regulatory and compliance risk, domestic intellectual-property ownership and production required for ten years after the Period of Performance
- Technology execution risk, roadmap update planned later in 2026 after prior milestone and timing changes
- Financial dilution risk, Department retains shares even if funding is withheld or clawed back
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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