Rigetti Q2 Revenue Jumps to $5.1M, but Losses Widen; CEO and CFO Adopt 10b5-1 Plans
RGTI sits 26% above its 52-week low of $12.53.
Summary
Rigetti Computing reported Q2 2026 revenue of $5.1 million, a sharp increase from $1.8 million a year ago, but its net loss widened to $52.6 million. The CEO, CFO, and two directors adopted 10b5-1 trading plans in June, signaling potential future insider sales.
Key Events · Earnings and Guidance · RGTI
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Q2 Revenue Surges to $5.1M
Revenue grew 185% year-over-year to $5.1 million, driven by sales of on-premises quantum computing systems, but narrowly missed the $5.2 million consensus estimate.
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Operating Loss Widens to $28.1M
Operating loss increased to $28.1 million from $19.9 million in Q2 2025, as R&D expenses jumped 53% to $20.7 million, reflecting heavy investment in technology development.
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Strong Liquidity Position
Cash and equivalents of $27.8 million plus $513.5 million in available-for-sale investments provide a runway of at least 12 months, per management.
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CEO and CFO Adopt 10b5-1 Trading Plans
CEO Subodh Kulkarni adopted a plan for up to 1.12 million shares, and CFO Jeffrey Bertelsen for up to 450,000 shares, both in June 2026. Two directors also adopted plans.
Analysis · RGTI · Technology
Rigetti's Q2 revenue nearly tripled year-over-year to $5.1 million, driven by on-premises quantum system sales, but operating losses widened to $28.1 million as R&D spending surged. The company holds over $540 million in cash and investments, providing ample runway. However, the adoption of 10b5-1 trading plans by the CEO, CFO, and two directors in June introduces a potential overhang, even though these are pre-planned sales. The filing also details risks around the pending $100 million CHIPS Act award, including potential dilution if the deal closes.
At the time of this filing, RGTI was trading at $15.74 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $12.53 to $58.15. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.