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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Rigetti Computing, Inc. (RGTI) is 8/10.
Rigetti's first-quarter revenue nearly tripled to $4.4 million from $1.5 million a year earlier, driven by on-premises Novera QPU deliveries and government and research projects, with gross margin roughly steady at 31%. GAAP net income of $33.1 million reflected a $53.7 million non-cash warrant and earn-out fair-value gain rather than operations; on a non-GAAP basis the net loss was $14.7 million, or $0.04 per diluted share, and the operating loss widened to $26 million on elevated R&D and CapEx. The quarter's centerpiece was general availability of the 108-qubit Cepheus-1-108Q, the industry's largest modular system at roughly 99.1% median two-qubit fidelity, across Rigetti QCS, Amazon Braket, Microsoft Azure Quantum and qBraid. Rigetti also announced a plan to invest up to $100 million in the United Kingdom and ended the quarter with approximately $569 million of cash and no debt.
Scored from Rigetti Computing, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2M | -32.6% | $-0.80 | -793.9% | — | -813.3% | -6726.5% | $-10M |
| FY2025 Q1 | $1M | -51.8% | $0.15 | +207.1% | — | -1469.6% | 2895.3% | $-16M |
| FY2025 Q2 | $2M | -41.6% | $-0.13 | -79.8% | — | -1103.9% | -2201.8% | $-22M |
| FY2025 Q3 | $2M | -18.1% | $-0.62 | -687.8% | — | -1055.4% | -10321.9% | $-20M |
| FY2025 Q4 | $2M | -17.9% | $-0.06 | +93.1% | — | -1209.7% | -974.7% | $-19M |
| FY2026 Q1 | $4M | +198.9% | $-0.06 | -140.9% | — | -589.8% | 752.5% | $-21M |
| FY2026 Q2 | $5M | +185.3% | $-0.16 | -23.1% | — | -546.2% | -1023.9% | $-28M |
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