Earnings ·
Reports Q3 revenue of $1.4 million and signs $100M U.S. Commerce deal
RGTIRigetti Computing, Inc.
Rigetti Computing reported third-quarter 2026 total revenues of $1.4 million, bringing nine-month revenues to $10.9 million, up approximately 110% from the prior year period. The company posted a GAAP net loss of $3.1 million and an operating loss of $33.2 million for the quarter. Rigetti ended Q3 with $497.1 million in cash and investments and no debt. Management also announced a definitive agreement with the U.S. Department of Commerce for up to $100 million under the CHIPS Act, granting the government a minority equity stake. The company expects full-year 2026 revenue to be approximately $20 million. Rigetti designs and manufactures superconducting quantum computing systems.