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Rigetti Computing (RGTI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Rigetti Computing (RGTI) Q2 2026 earnings results →
Q2 2026 Revenue up 185% year over year to $5.1M · operating margin -546.2%
Rigetti Computing made $5.1M in Q2 2026 (+185% Y/Y): Sales of quantum computers and quantum components $4.1M, Collaborative research and professional services $952K, Access to quantum computing systems $88K. Operating margin -546.2%, net loss $52.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
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What changed this quarter
Revenue was $5.1M in Q2 2026, up 185% year over year and up 17% from the previous quarter. Sales of quantum computers and quantum components was the largest line at 80% of revenue. Collaborative research and professional services declined 44%.
Gross margin was 42.6%, up 11.2 points from Q2 2025. Operating costs exceeded revenue by $28.1M, an operating margin of -546.2%. Operating expenses grew 48% against revenue growth of 185%. The fastest-growing cost line was Research & development (+53%). The quarter ended with a net loss of $52.6M, after a profit of $33.1M the previous quarter.
Operating cash flow was −$15.8M. Non-cash charges added back $2.9M of depreciation and $7.0M of share-based compensation. Working capital and other items added $26.9M. Capital expenditures of $12.0M exceeded it, leaving free cash flow of −$27.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $5.1M | +185% | -546.2% | −$52.6M | −$15.8M |
| Q1 2026 | 10-Q | May 11, 2026 | $4.4M | +199% | -589.8% | $33.1M | −$16.2M |
| Q4 2025 | 10-K | Mar 4, 2026 | $1.9M | -18% | n/m | −$18.2M | −$14.9M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $1.9M | -18% | n/m | −$201M | −$13.8M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $1.8M | -42% | n/m | −$39.7M | −$16.2M |
| Q1 2025 | 10-Q | May 12, 2025 | $1.5M | -52% | n/m | $42.6M | −$13.7M |
| Q4 2024 | 10-K | Mar 7, 2025 | $2.3M | -33% | -813.3% | −$153M | −$8.5M |
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Customers and suppliers named in filings
Sells to
- U.S. government — 54% of its revenue · Stated in 10-K (sentence) · source
About Rigetti Computing
Our mission is to build the world’s most powerful computers to help solve humanity’s most important and pressing problems. Our strategy is to be at the forefront of superconducting quantum computing. Classical computers are plateauing, Moore’s law has slowed, returns for parallelization are diminishing and energy requirements can’t keep up. Today, many of the world’s most important computational challenges remain intractable, lying beyond the capabilities of traditional supercomputers and cloud infrastructure. We build and operate quantum computers. We believe quantum computing represents one of the most transformative emerging capabilities in the world today. By leveraging quantum mechanics, our quantum computers process information in fundamentally new, more powerful ways compared to classical computing with meaningful power efficiency.
In its own words, from its 10-K, filed Mar 4, 2026.
Rigetti Computing against its Services-Computer Programming Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +185% against the peers' median +6%. Operating margin: -546.2% against the peers' median 12.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RGTI Rigetti Computing | Q2 2026 | $5.1M | +185% | -546.2% |
| CTSH Cognizant Technology Solutions | Q3 2026 | $5.7B | +5% | 15.4% |
| EPAM Epam Systems | Q3 2026 | $1.4B | +2% | 12.3% |
| ZS Zscaler | Q4 FY26 | $898M | +25% | -1.7% |
| VRSN VeriSign | Q3 2026 | $443M | +6% | 66.9% |
| RDNW RideNow Group | Q2 2026 | $297M | -1% | 6.0% |
| DOCS Doximity | Q2 FY27 | $175M | +4% | 25.2% |
| XTIA XTI Aerospace | Q2 2026 | $32.4M | — | -28.0% |
| IA Innovative Solutions & Support | Q3 FY26 | $26.7M | +11% | 22.6% |
Source: Rigetti Computing 10-Q on SEC EDGAR · CIK 1838359 · Services-Computer Programming Services
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More on RGTI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results