NASDAQ$RGTI
Rigetti Computing Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Rigetti Computing reported Q1 2026 revenue of $4.4M (+199% YoY), net income of $33.1M, and basic EPS of $0.10 (diluted loss per share of $0.06).
For the three months ended March 31, 2026, Rigetti posted revenue of $4.4 million, up from $1.5 million, as quantum-computing services scaled. Reported net income was $33.1 million, including $53.7 million of non-cash fair-value gains on derivative warrant liabilities; operating loss was $26.0 million on R&D of $20.0 million. Basic EPS was $0.10; diluted EPS was a $0.06 loss reflecting preferred-share impacts in the denominator.
- Revenue of $4.4M (+199% YoY); gross profit $1.4M.
- Operating loss of $26.0M as R&D rose to $20.0M.
- Net income of $33.1M driven by $53.7M warrant-liability fair-value gains.
- Basic EPS $0.10; diluted EPS $(0.06) after preferred-share adjustments.
- Interest income of $5.4M; continued investment in quantum systems roadmap.
Headline financials
Revenue & EPS history
Rigetti · Revenue · Quarterly
$4.4M
Forward guidance
The company does not provide numeric annual guidance in the 10-Q. Management discusses system availability targets, government and commercial partnerships, and capital needs for scaling fabrication.
Tailwinds
- Revenue growth accelerating on higher service uptake.
- Large non-cash warrant gains boosted reported net income.
Headwinds
- Core operations remain loss-making excluding warrant fair-value marks.
- Diluted EPS negative when including preferred instruments in share count.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+1.3%
Avg return
Earnings day
+5.4%
Avg return
5 days after
+10.6%
Avg return
30 days after
40%
8 / 20 earnings
Positive
+38.2%
Q2 2023
Best reaction
-14.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +7.5% | -5.9% | +1.5% | |
| Q4 2025 | -4.4% | -4.3% | -20.1% | |
| Q3 2025 | -2.7% | -23.0% | -18.7% | |
| Q1 2025 | -14.7% | +2.6% | +4.8% | |
| Q4 2024 | +4.0% | -1.6% | -8.3% | |
| Q3 2024 | +11.8% | -7.2% | +292.8% | |
| Q2 2024 | +1.6% | +15.3% | -3.1% | |
| Q1 2024 | -7.2% | +5.6% | -18.4% | |
| Q4 2023 | -3.4% | -14.2% | -42.2% | |
| Q3 2023 | -7.6% | +13.3% | -1.0% | |
| Q2 2023 | +38.2% | +35.8% | +20.0% | |
| Q1 2023 | -5.4% | +5.5% | +173.1% | |
| Q4 2022 | -1.8% | +29.1% | -19.3% | |
| Q3 2022 | +6.5% | +12.9% | -34.7% | |
| Q2 2022 | +8.3% | +20.6% | -45.9% | |
| Q1 2022 | -1.0% | +11.5% | -42.0% | |
| Q4 2021 | -9.2% | -0.6% | -26.7% | |
| Q3 2021 | +6.4% | +12.6% | -0.2% | |
| Q2 2021 | -0.3% | -0.4% | +0.1% | |
| Q1 2021 | -0.1% | -0.3% | +0.3% |
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