Rigetti Computing announced Q1 2026 financial results with $4.4 million in revenue and a $26 million operating loss. The company launched its 108-qubit Cepheus-1-108Q quantum system, now available on multiple cloud platforms, marking a significant step in scalable quantum computing. Rigetti also plans to invest up to $100 million in the UK to develop a 1,000+ qubit system over the next 3-4 years, supporting international expansion and technology advancement. The company continues improving system fidelity and scaling, backed by a strong cash position of $569 million and no debt.
Rigetti Computing's revenue fell 34% in 2025, with Q1 2026 showing operational losses despite a GAAP net income boost from accounting adjustments. The company lacks clear revenue guidance and faces skepticism amid high valuation and insider stock sal...
The Defiance Quantum ETF (QTUM) gained 54.2% year-to-date in 2026, significantly outperforming the S&P 500's 11% and Nasdaq-100's 21%. This rise is driven by its equal-weighted structure that amplifies growth from smaller quantum computing firms like...
Rigetti Computing ended Q1 FY26 with $569 million in cash, no debt, and a 198.9% year-over-year revenue increase, signaling strong financial health. The company expects to recognize $2.7-$3.0 million from a Novera QPU order in Q2, supporting near-ter...
