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- History Of Missed Milestones And Roadmap Changes (new) — Company now explicitly discloses it has failed to meet publicly announced milestones and changed its technology roadmap in 2018, 2022, 2023, and 2025, with another update planned for later in 2026.
- Scalable Business Model Not Yet Formed (new) — Company states it remains in the technology development phase and has not yet developed a scalable business model, acknowledging fundamental commercial uncertainty beyond technical risk.
Rigetti revenue up 199% on Novera sales; discloses history of missed milestones, roadmap shifts
Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~2 min read
Key Changes
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Company explicitly disclosed it has missed publicly announced milestones and changed its technology roadmap in 2018, 2022, 2023, and 2025. In April 2026, announced plans to update the roadmap again later this year, indicating ongoing uncertainty about development timelines.
Risk Factors: Roadmap History verify on EDGAR → -
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Q1 2026 revenue rose 199% to $4.4M from $1.5M prior year, driven by $3.0M in Novera quantum computer sales—a new revenue stream absent in Q1 2025. Government sales fell to 27% of revenue from 90%, reflecting shift toward commercial customers.
MD&A: Revenue; Notes: Revenue Mix verify on EDGAR → -
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Launched 108-qubit Cepheus-1 system for general availability on Rigetti QCS, Amazon Braket, Azure Quantum, and qBraid. System performs at 99.1% median two-qubit fidelity with 60ns gate speed. Secured $8.4M India order for deployment in H2 2026.
MD&A: Product Launch verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify