Rigetti Computing, Inc. RGTI

Rigetti Computing's most recent 10-Q, for the period ending 31 March 2026, carries a striking contrast: net income attributable to the parent of $33.1m sits directly above an operating loss of $26.0m, and diluted earnings per share of minus $0.06 across 335.4m weighted average diluted shares. The headline profit and the operating result point in opposite directions, which makes the operating line the more honest gauge of how the core business performed.

Rigetti builds quantum computing hardware and sells access to it. The 10-Q states that historically most of its revenue has come from development contracts, and that management expects this to remain an important source of revenue for at least the next several years while it works to ramp up sales of quantum processing units and cloud access. In April 2026 the company announced general availability of its 108-qubit system, Cepheus-1-108Q, reachable through the Rigetti Quantum Cloud Services platform and through Amazon Braket. That is the product rail: a working machine on a public cloud, with a customer base still weighted toward contracts that fund development.

The filed financials sketch a research-heavy balance sheet. Assets stood at $650.7m against liabilities of $67.1m, leaving stockholders' equity attributable to the parent of $583.6m (10-Q, period ending 2026-03-31). Cash and cash equivalents were $48.1m, while net cash used in operating activities was $16.2m and capital spending on property, plant and equipment was $4.4m. Research and development expense was $20.0m, the largest visible operating cost and the engine of the qubit roadmap.

The supplied rail does not include a TradingView or chart route, so this file makes no claim about price, levels, or trading ranges; there are no candles to read here. What the rail does carry is the SEC EDGAR record itself: the submissions and company-facts feeds, the EDGAR browse index, and the individual filings, which is where the verifiable mechanism of this story lives. The market question is whether development-contract revenue converts into recurring sales of processing time and hardware before the cash position needs topping up.

What changed recently is mostly filing trail and product. Between 10 and 16 June 2026 the company filed four Form 4 insider transaction reports and a Form 144 proposed-sale notice, plus an 8-K on 11 June; an earlier 8-K on 21 May announced that subsidiary Rigetti & Co, LLC had entered an arrangement, with the filing referencing the availability of government funding and the success of partnerships and collaborations. What remains unproven from this rail is the actual revenue figure, gross margin, and any guidance, none of which the supplied facts parse. A future 10-Q or 8-K that quantifies QPU and cloud revenue, and the terms of the May arrangement, would deepen the file most.