Rigetti reports Q1 2026: $4.4M revenue, launches 108-qubit system, plans $100M UK investment

Filed May 11, 2026 · Period ending May 11, 2026 · ~1 min read

Key Changes

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  Q1 2026 revenue $4.4M with $26.0M operating loss; GAAP net income $33.1M driven by $53.7M warrant revaluation gain; non-GAAP net loss $14.7M; $569M cash, no debt

  Exhibit 99.1 verify on EDGAR →
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  Launched 108-qubit Cepheus-1-108Q system, the industry's largest modular quantum computer, comprising twelve interconnected 9-qubit chiplets, available via Rigetti QCS, Amazon Braket, Azure Quantum, and qBraid

  Exhibit 99.1 verify on EDGAR →
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  Plans to invest up to $100M in UK over 3-4 years to deploy a 1,000+ qubit quantum system, aligning with UK government quantum infrastructure initiatives

  Exhibit 99.1 verify on EDGAR →