Quantum Market Cap
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Dashed lines mark market-closed periods (overnight, weekends & holidays)

Jul 22Jul 23Jul 24Jul 27Jul 28Jul 29$13.5$14.0$14.5$15.0$15.5$16.0$16.02$15.99$13.17

About Rigetti Computing

Rigetti Computing (RGTI) has a market cap of $5.32B as of August 2026 — #4 of the 12 pure-play quantum computing stocks by market value.

Rigetti Computing is a full-stack quantum-classical computing company using superconducting qubits. It fabricates its own chips at Fab-1 and provides cloud access through Quantum Cloud Services (QCS).

Sector

Technology

Industry

Computer Hardware

Employees

162

Founded

2013

Headquarters

Berkeley, CA

Shares Outstanding

332.3M

Quantum Division

https://www.rigetti.com/technology

Visit ↗

Quantum Technology

Physical Qubits

107 active

Cepheus-1-108Q

2Q Gate Fidelity

98.83%

1Q Gate Fidelity

99.84%

Hardware Type

Physical Qubits (Superconducting, Modular Chiplet)

Generally availableHardware verified 2026-07-28Rigetti current system status ↗

Cloud Access

AWS BraketQCS (Direct API)Azure QuantumqBraid

Roadmap Target

Lyra (336 qubits, late 2026 narrow advantage target); 1,000+ qubits by end of 2027; utility-scale ~2027–2029

Cepheus-1-108Q uses a modular 12×9-qubit chiplet architecture and became generally available in April 2026. Rigetti's live system status reported 107 active qubits, 99.84% median 1Q fidelity and 98.83% median 2Q fidelity when verified on July 28, 2026; live calibration figures can change. Ankaa-3 (84Q) was the prior GA system.

Competing Approaches

Big tech companies using the same Superconducting approach

Superconducting

Willow (105 qubits) achieved below-threshold error correction (Dec 2024); first verifiable quantum advantage via the Quantum Echoes (OTOC) algorithm — 13,000× faster than the top classical supercomputer, published in Nature (Oct 2025); expanded into neutral-atom quantum computing (Mar 2026)

Useful quantum computing beyond classical simulation by 2029

Willow

105

qubits

Nighthawk 120-qubit processor (Nov 2025) with 218 tunable couplers targets quantum advantage by end of 2026; experimental Loon chip (112 qubits) demonstrates fault-tolerant hardware building blocks

Quantum advantage by end of 2026; fault-tolerant Starling system 2029; 100,000+ qubit system by 2033

Nighthawk

120

qubits

Static data · These are diversified companies — not pure-play quantum investments · Updated Apr 2025

Dilution Risk66 shelf or ATM filings on record (S-3/424B/SUPPL). These filings can provide a channel for new share sales.

Cash Position & Runway

Total Cash

$418.25M

TTM Cash Burn

$58.54M

per year (TTM)

Cash Runway

82 mo

Total Debt

$0.00

Quarterly Operating Cash Flow

202120222023202420252026$-18M$-14M$-11M$-7M$-4M

Red bars = cash burn (negative operating CF). Green = cash-flow positive. Source: SEC EDGAR 10-Q filings.

Financial Metrics (Annual)

Total Revenue

$7.09M

Revenue Growth (YoY)

-34.3%

Gross Margins

29.12%

Operating Margins

-1194.41%

Net Margins

-3050.37%

Total Debt

$0.00

P/E Ratio (TTM)

EPS (TTM)

$-0.7000

Price / Book

9.12

Earnings Per Share (TTM)

EPS (TTM)

$-0.7000

Unprofitable

P/E Ratio

Price / Book

9.12

Price-to-Book

Returns vs S&P 500

1Y

RGTI-16.1%
S&P 500+15.6%
vs Index-31.7%

3Y

RGTI+382.5%
S&P 500+63.3%
vs Index+319.2%

5Y

RGTI+36.1%
S&P 500+65.1%
vs Index-29.0%

Source: price_history vs SPY · Periods where price history is unavailable are hidden

Government Contracts & Grants

Total Obligated

$12.10M

Awards Found

14

USAspending ↗
Included: Federal contracts & grants (USAspending.gov, prime recipient only).
Excluded: Subcontracts, state/local funding, classified contracts, awards <~$30k.

Source: USAspending.gov · Updated quarterly

Shares Outstanding History

2021202220232024202520260M85M170M255M340M

Source: SEC EDGAR XBRL · 10-K and 10-Q filings · Rising trend = dilution

SPAC Warrant Overhang

Rigetti Computing went public via SPAC merger with Supernova Partners Acquisition Company II (2022-03). SPAC warrants allow holders to buy shares at the strike price — exercising them creates new shares and dilutes existing holders.

Strike Price

$11.50

Outstanding

Not in filing

Dilution Ceiling

Dilution ceiling = outstanding warrants × strike price. Outstanding count changes as warrants are exercised or expire — sourced from latest SEC 10-K/20-F.

Daily Short Volume (FINRA)

Latest Short Vol %

54%

2026-07-29

Short Volume

5,015,589

DateShort VolTotal VolShort %
2026-07-295,015,5899,281,79754%
2026-07-275,997,81812,085,03649.6%
2026-07-243,664,3026,520,17556.2%
2026-07-2210,294,78921,893,15147%
2026-07-176,720,32810,254,80965.5%
2026-07-167,135,83611,876,61260.1%
2026-07-155,856,5409,892,06259.2%
2026-07-138,326,92912,717,57465.5%
2026-07-105,527,2738,583,55864.4%
2026-07-095,001,4078,453,13359.2%

Source: FINRA CNMS · Not the same as total short interest (outstanding positions) · Updated daily

Research Impact (OpenAlex)

Total Citations

43,237

Indexed Works

292

Avg Citations / Work

148.1

Source: OpenAlex · Citations to papers affiliated with Rigetti Computing · Updated weekly · View institution ↗

StockTwits Sentiment

70.6%
29.4%
▲ 12 Bullish▼ 5 Bearish17 scored

Source: StockTwits · last 30 messages · updated every 4h

Press Releases

GlobeNewswire ↗
Jul 31, 2026STARTRADER expands AI offering with 31 New US Share & ETF CFDs in Semiconductors, Optical Networking & NuclearPR NewswireJul 26, 2026Rigetti expands collaboration with HPE and Pittsburgh Supercomputing Center to build new hybrid quantum-classical supercomputerNewsroomJul 22, 2026Rigetti Computing to report second quarter 2026 financial results and host conference call on August 6, 2026NewsroomMay 31, 2026Amazon Braket launches Rigetti Cepheus™-1-108Q superconducting deviceNewsroomMay 26, 2026Error mitigation unlocks quantum simulation of plasma wavesNewsroomMay 20, 2026Rigetti signs letter of intent with U.S. government for quantum computing researchNewsroomMay 13, 2026Rigetti Computing to participate in fireside chat at Canaccord Genuity Virtual Quantum SymposiumNewsroomMay 10, 2026Rigetti Computing reports first quarter 2026 financial resultsNewsroomMay 4, 2026Rigetti Computing to participate in fireside chat at 21st Annual Needham Technology, Media, & Consumer ConferenceNewsroomApr 26, 2026Rigetti Computing to report first quarter 2026 financial results and host conference Call on May 11, 2026NewsroomApr 13, 2026What the FinTech? | Quantum computing and its impact on financial servicesNewsroomApr 9, 2026What investors should know about quantum computing (ft. Dr. Subodh Kulkarni)NewsroomApr 7, 2026Rigetti is growing sales of quantum computers. That’s good for the stock.Newsroom

Source: Company newsroom (direct) + wire services (GlobeNewswire, PR Newswire) via Finnhub

News Mention Volume (30 days)

2026-07-082026-07-112026-07-152026-07-172026-07-222026-07-242026-07-272026-07-292026-07-312026-08-03048

Articles indexed every 4h · Sentiment scored via Loughran-McDonald financial word lists (bullish/bearish keyword frequency). Not ML-based — scores reflect word presence only and may not capture context or sarcasm.

SEC Filings & Earnings Reports

View annual, quarterly, and material-event filings on SEC EDGAR

SEC EDGAR ↗
Financial Story

FY 2025

Rigetti FY2025: Revenue grows YoY amid continued deep losses; $250M Quanta partnership anchors scale-up strategy

·Quanta Computer Collaboration Agreement signed Feb 2025: each party commits $250M+ over 5 years; Quanta also purchased ~$35M of common stock at ~$11.59/share in April 2025.
·Received $8.4M purchase order from India's C-DAC (Jan 2026) to deliver a 108-qubit quantum computer, with deployment expected H2 2026.
·Launched 36-qubit Cepheus-1-36Q multi-chip system in Q2 2025, achieving 99.6% median two-qubit gate fidelity — halving error rate vs. prior Ankaa-3 system.

FY 2024

Rigetti Computing burns cash in FY2024 while launching 84-qubit Ankaa-3 and securing Quanta deal

·Launched 84-qubit Ankaa-3 system in Q4 2024, halving two-qubit gate error rates to achieve 99.0% median iSWAP fidelity.
·Signed Collaboration Agreement with Quanta Computer in Feb 2025; Quanta to invest $250M+ over 5 years and purchase ~$35M of RGTI stock via private placement.
·Revenue primarily derived from government/public-sector technology development contracts; began QPU hardware sales in 2023.

Plans to release a 36-qubit modular system by mid-2025 (targeting 2x error rate reduction) and a 100+ qubit system by end of 2025. Quanta collaboration expected to fund component development. Additional capital raises likely required.

FY 2023

Rigetti Computing burns cash in quantum R&D push; runway extends only to mid-2025

·Launched 84-qubit Ankaa-2 system achieving 98% median 2-qubit fidelity (2.5x improvement over prior QPUs) and introduced Novera QPU, first commercially available 9-qubit product.
·Made first-ever QPU hardware sales in 2023, delivering 9-qubit systems to Fermilab and a national laboratory; expanding revenue model beyond cloud services.
·Secured multiple government contracts including DARPA IMPAQT and DARPA Quantum Benchmarking Phase 2; Innovate UK grant awarded post-period for 24-qubit system delivery.

Company targets 99% 2-qubit gate fidelity on Ankaa-3 (84-qubit) by end of 2024, then plans to scale to a 336-qubit Lyra system; near-term survival contingent on raising additional capital before early Q3 2025.

FY 2022

Rigetti Computing posts widening losses in FY2022 as quantum startup burns cash post-SPAC merger

·Completed Business Combination (SPAC merger) in March 2022, converting to public company on Nasdaq under ticker RGTI with warrants trading as RGTW.
·Revenue mix currently dominated by government/research development contracts; longer-term model targets recurring QCaaS cloud revenue from quantum computing access.
·Deployed Ankaa-1 84-qubit system internally for testing in March 2023; roadmap targets 336-qubit Lyra system contingent on achieving ≥99% gate fidelity milestones.

Management expects continued operating losses for the foreseeable future. Near-term focus is on refining Ankaa-1 84-qubit system performance, targeting external customer launch, then scaling to Ankaa-2 and eventually the 336-qubit Lyra system. Additional capital raise anticipated by late 2024/early 2025.

FY 2021

Revenue

$0.00

Net Income

-$23.20M

Cash

$532.44K

Supernova II SPAC posts $23.2M net loss in FY2021; Rigetti merger pending with $147.5M PIPE

·Signed merger agreement with Rigetti Computing (quantum computing); PIPE of ~$147.5M committed ($102.5M initial + $45M subsequent) at $10.00–$10.25/share.
·$345M raised in March 2021 IPO (34.5M units at $10.00) placed in trust; no operating revenue generated as SPAC has not yet completed a business combination.
·Material weakness identified in internal controls over accounting for complex financial instruments (warrants), triggering restatement of Q1 and Q2 2021 financials.

Completion of the Rigetti business combination is targeted; if not consummated by March 4, 2023, the SPAC must liquidate and redeem public shares at trust value (~$10.00/share). No operating revenue until deal closes.

10-K · 10-Q · 20-F · 40-F · 6-K filings

All Filings ↗
Date FiledFormPeriod Covered
2026-05-1110-Q2026-03-31EDGAR ↗
2026-03-0410-K2025-12-31EDGAR ↗
2025-11-1010-Q2025-09-30EDGAR ↗
2025-08-1210-Q2025-06-30EDGAR ↗
2025-05-1210-Q2025-03-31EDGAR ↗
2025-03-0710-K2024-12-31EDGAR ↗
2024-11-1210-Q2024-09-30EDGAR ↗
2024-08-0810-Q2024-06-30EDGAR ↗
2024-05-0910-Q2024-03-31EDGAR ↗
2024-03-1410-K2023-12-31EDGAR ↗
2023-11-0910-Q2023-09-30EDGAR ↗
2023-08-1010-Q2023-06-30EDGAR ↗
2023-05-1110-Q2023-03-31EDGAR ↗
2023-03-2710-K2022-12-31EDGAR ↗
2022-11-3010-Q/A2022-06-30EDGAR ↗
2022-11-3010-Q/A2022-03-31EDGAR ↗
2022-11-2210-Q2022-09-30EDGAR ↗
2022-08-1210-Q2022-06-30EDGAR ↗
2022-05-1610-Q2022-03-31EDGAR ↗
2022-02-2310-K2021-12-31EDGAR ↗
2021-11-1510-Q2021-09-30EDGAR ↗
2021-08-1310-Q2021-06-30EDGAR ↗
2021-06-1610-Q2021-03-31EDGAR ↗

Source: SEC EDGAR · Annual: 10-K / 20-F / 40-F · Quarterly: 10-Q / 6-K · AI summaries generated automatically

Market Events

Earnings releases, contracts, leadership changes, offerings

All 8-Ks ↗
2026-06-11
8-K
Rigetti Computing, Inc. held its 2026 Annual Meeting of Stockholders on June 9, 2026, at which two proposals were voted on. Stockholders elected Subodh Kulkarni as a Class I Director (84,378,493 votes for) to serve until the 2029 Annual Meeting, and ratified BDO USA, P.C. as the company's independent auditor for fiscal year ending December 31, 2026 (185,103,270 votes for). The filing was signed by CFO Jeffrey Bertelsen on June 11, 2026.
2026-05-21
LeadershipOffering
Rigetti Computing, Inc. disclosed that on May 20, 2026, its subsidiary Rigetti & Co, LLC entered into a Letter of Intent with the U.S. Department of Commerce for a proposed $100 million award under the CHIPS and Science Act, to be disbursed over three years to accelerate superconducting quantum computing R&D. As part of the arrangement, the Department of Commerce will receive shares of Rigetti common stock equivalent in value to the total award amount, priced at a 15% discount to the lowest closing share price on three specified reference dates (May 5, May 20, 2026, and the date the award is issued). The LOI is non-binding pending negotiation of definitive agreements, and the share issuance will be conducted as an unregistered offering under Section 4(a)(2) of the Securities Act.
2026-05-11
Earnings
On May 11, 2026, Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K disclosing its financial results for the first quarter ended March 31, 2026, via a press release attached as Exhibit 99.1. The filing was signed by CFO Jeffrey Bertelsen. No specific financial figures were included in the 8-K body itself; the detailed results are contained in the accompanying press release.
2026-04-21
Agreement
Rigetti Computing's wholly-owned subsidiary, Rigetti & Co, LLC, entered into a sublease agreement on April 17, 2026, with Chinook Therapeutics, Inc. for approximately 12,543 square feet of office and laboratory space at 740 Heinz Avenue, Berkeley, California. The sublease term runs from approximately June 1, 2026, through November 30, 2029, with starting monthly base rent of $38,111.91, escalating annually, plus a $50,000 security deposit. The agreement is contingent on consent from the master landlord, Seventh Street Properties VII, LLC, which must be obtained within 60 days or either party may terminate.
2026-04-07
8-K
On April 7, 2026, Rigetti Computing, Inc. (RGTI) announced the general availability of its 108-qubit quantum system, Cepheus-1-108Q, accessible via its Quantum Cloud Services (QCS) platform and Amazon Braket. The system achieves 99.1% median two-qubit gate fidelity at ~60 ns gate speed and 99.9% median single-qubit gate fidelity. The filing was signed by CFO Jeffrey Bertelsen.
2026-03-20
Agreement
On March 19, 2026, Rigetti Computing, Inc. (RGTI) board member H. Gail Sandford notified the company that she would not stand for re-election when her current term expires at the 2026 Annual Meeting of Stockholders. The company stated her decision was not due to any disagreement with Rigetti's operations, policies, or practices.
2026-03-04
Earnings
Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K on March 4, 2026, disclosing its financial results for the three months and full year ended December 31, 2025, via a press release (Exhibit 99.1). The filing was signed by CFO Jeffrey Bertelsen and pertains solely to the announcement of operational and financial performance for those periods. No specific financial figures were included in the 8-K itself, as the detailed results are contained in the attached press release.
2026-01-20
8-K
Rigetti Computing, Inc. (RGTI) announced on January 20, 2026, that it received an $8.4 million purchase order to deliver a 108-qubit quantum computer to C-DAC (Centre for Development of Advanced Computing), an R&D organization under India's Ministry of Electronics and Information Technology. The system will be installed on-premises at C-DAC's Bengaluru center and is expected to be deployed in the second half of 2026. The filing was signed by CFO Jeffrey Bertelsen.
2026-01-09
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on January 9, 2026, announcing a revised roadmap that pushes the general availability of its 108-qubit quantum computing system, Cepheus™-1-108Q, to approximately the end of Q1 2026. The company also disclosed key performance milestones, achieving a median two-qubit gate fidelity of 99% on its 108-qubit system, 99.7% on its 9-qubit system, and 99.6% on its 36-qubit system. The filing was signed by CFO Jeffrey Bertelsen.
2025-11-10
Earnings
On November 10, 2025, Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K disclosing its financial results for the three and nine months ended September 30, 2025. The results were announced via a press release furnished as Exhibit 99.1 and signed by CFO Jeffrey Bertelsen. No specific financial figures were included in the filing itself, as the detailed results are contained in the attached press release.
2025-09-02
Agreement
On September 2, 2025, Rigetti Computing, Inc. (RGTI) announced it signed a Memorandum of Understanding with C-DAC (Centre for Development of Advanced Computing), India's premier R&D organization under the Ministry of Electronics and Information Technology. The MOU establishes a framework for the two parties to collaboratively design and co-develop hybrid quantum computing systems intended to support government laboratories, academic researchers, and commercial markets. The partnership also encompasses use case development, application workflow development leveraging hybrid computing infrastructure, and workforce development activities.
2025-08-12
IR Event
Rigetti Computing, Inc. (RGTI) filed an 8-K on August 12, 2025, disclosing under Regulation FD that it posted an updated corporate presentation to its investor relations website. The filing was signed by CFO Jeffrey Bertelsen and contains no financial figures or binding commitments. The disclosed information is expressly non-filed for Exchange Act liability purposes.
2025-08-12
Earnings
On August 12, 2025, Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K disclosing its financial results for the three and six months ended June 30, 2025, via a press release attached as Exhibit 99.1. The filing was signed by CFO Jeffrey Bertelsen and covers both quarterly and year-to-date performance through Q2 2025. No specific revenue or earnings figures were included in the 8-K itself, as the detailed results are contained in the accompanying press release.
2025-07-18
8-K
Rigetti Computing, Inc. (RGTI) announced on July 16, 2025 that it achieved a mid-year performance milestone of 99.5% median two-qubit gate fidelity on its modular 36-qubit system composed of four tiled 9-qubit chips. This result represents a 2x reduction in median two-qubit gate error rate compared to the company's previous best performance on its 84-qubit single-chip Ankaa-3 system. The filing was signed by CFO Jeffrey Bertelsen on July 18, 2025.
2025-06-11
8-K
Rigetti Computing, Inc. (RGTI) held its 2025 Annual Meeting of Stockholders on June 10, 2025. Stockholders elected Michael Clifton and Ray Johnson as Class III Directors (each receiving approximately 50.7 million votes for) to serve until the 2028 Annual Meeting, and ratified BDO USA, P.C. as the company's independent auditor for fiscal year ending December 31, 2025, with approximately 142.4 million votes in favor.
2025-06-11
Offering
Rigetti Computing, Inc. (RGTI) announced on June 11, 2025 that it completed its at-the-market (ATM) equity offering program, raising $350 million in gross proceeds through the sale of 30,309,780 shares of common stock. The company intends to use the proceeds for working capital, capital expenditures, general corporate purposes, and potentially strategic collaborations, acquisitions, or partnerships.
2025-05-30
Offering
On May 29, 2025, Rigetti Computing, Inc. (RGTI) entered into an Open Market Sale Agreement with Jefferies LLC to establish an at-the-market (ATM) equity offering program, under which the company may sell up to $350 million worth of its common stock at its discretion over time. Jefferies will act as agent and earn a commission of up to 3.0% of gross proceeds from any shares sold. The shares will be offered under a Form S-3 shelf registration statement filed with the SEC on the same date.
2025-05-12
Earnings
On May 12, 2025, Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K disclosing its financial results for the first quarter ended March 31, 2025, via a press release attached as Exhibit 99.1. The filing was signed by CFO Jeffrey Bertelsen. No specific financial figures were included in the 8-K body itself; the detailed results are contained in the accompanying press release.
2025-03-28
Leadership
Rigetti Computing, Inc. filed an 8-K on March 28, 2025, disclosing a board restructuring related to director Cathy McCarthy's previously announced decision not to stand for re-election at the 2025 Annual Meeting of Stockholders. To rebalance its board classes, Rigetti nominated current Class I director Ray O. Johnson to stand for election as a Class III director at the 2025 Annual Meeting, and on March 27, 2025, Johnson notified the board of his intent to resign as a Class I director contingent upon that election. The change is purely administrative to facilitate the class realignment and does not reflect any substantive departure from board service.
2025-03-05
Earnings
On March 5, 2025, Rigetti Computing, Inc. (NASDAQ: RGTI) filed an 8-K disclosing its financial results for the three months and full year ended December 31, 2024. The filing, signed by CFO Jeffrey Bertelsen, furnishes a press release (Exhibit 99.1) containing the earnings announcement but does not include specific financial figures within the 8-K itself.
2025-02-28
Agreement
On February 28, 2025, Rigetti Computing, Inc. (RGTI) filed an 8-K under Regulation FD disclosing that CEO Dr. Subodh Kulkarni appeared on Bloomberg Television to discuss the company's collaboration agreement with Quanta Computer Inc. and quantum computing industry developments. During the interview, Kulkarni stated that Rigetti ended 2024 with approximately $220 million in cash and no debt, providing an estimated three-to-four year runway that the company believes may be sufficient to reach cash flow positivity.
2025-02-28
LeadershipEquity GrantAgreement
Rigetti Computing, Inc. (RGTI) disclosed that board member Cathy McCarthy notified the company on February 24, 2025, that she will not stand for re-election when her term expires at the 2025 Annual Meeting of Stockholders. Her decision was not due to any disagreement with the company. In connection with her departure, the Board approved the accelerated vesting of 73,780 unvested restricted stock units held by McCarthy, effective the day before the 2025 Annual Meeting.
2025-02-28
Agreement
On February 27, 2025, Rigetti Computing, Inc. (RGTI), through its subsidiary Rigetti & Co, LLC, entered into a Collaboration Agreement with Taiwan-based Quanta Computer Inc. to jointly develop non-QPU quantum computing components such as control systems, dilution refrigerators, and flexible cables. Each party has committed to invest at least $250 million over five years in quantum computing, with Quanta's investment directed toward personnel, capital expenditures, and manufacturing capabilities in support of Rigetti's product roadmap. The agreement includes mutual royalty-free IP licenses, joint ownership of co-developed technology (excluding QPU technology, which Rigetti retains), and an exclusivity provision requiring Quanta to supply the developed components solely to Rigetti.
2024-12-09
Agreement
On December 9, 2024, Rigetti Computing, Inc. (RGTI) fully paid off and terminated its Loan and Security Agreement with lender Trinity Capital Inc., originally dated March 10, 2021. The company used cash on hand to make a total payment of approximately $10.5 million, covering the ~$9.5 million outstanding loan balance, ~$0.9 million in accrued interest and fees, and a ~$75,900 prepayment penalty. The payoff extinguished all of Rigetti's debt obligations under the agreement effective immediately.
2024-11-27
OfferingIR Event
On November 26, 2024, Rigetti Computing, Inc. (RGTI) entered into securities purchase agreements with two institutional investors to sell 50,000,000 shares of common stock at $2.00 per share in a registered direct offering, expected to generate approximately $100 million in gross proceeds before fees. The offering was set to close on November 27, 2024, with A.G.P./Alliance Global Partners acting as exclusive placement agent for a 5% cash fee on gross proceeds. Rigetti stated it intends to use the net proceeds for working capital and general corporate purposes, and believes the funds, combined with cash on hand, will be sufficient to continue its quantum computing business without needing to raise additional capital.
2024-11-25
Offering
Rigetti Computing, Inc. (RGTI) announced on November 25, 2024, that it completed $100 million in gross proceeds from common stock sales under its at-the-market (ATM) equity offering program, which launched in March 2024. Since September 30, 2024, the company sold 38,091,364 shares generating approximately $58.4 million in net proceeds after commissions and expenses. The funds will be used for working capital, capital expenditures, and advancing its superconducting quantum computing operations, with the company stating it has sufficient cash to support operations through the end of 2026.
2024-11-12
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on November 12, 2024, disclosing its financial results for the three and nine months ended September 30, 2024. The announcement was made via press release and signed by CFO Jeffrey Bertelsen. No specific financial figures were included in the filing itself, as the detailed results are contained in the attached Exhibit 99.1 press release.
2024-11-08
LeadershipEquity Grant
Rigetti Computing, Inc. (RGTI) disclosed that Rick Danis, its General Counsel and Corporate Secretary, notified the company on November 6, 2024, of his resignation effective November 30, 2024. Danis entered into a transition services agreement to provide consulting support through March 31, 2025, terminable by either party after December 31, 2024, with 14 days' notice. During the transition period, his existing equity awards will continue to vest and he remains eligible for a pro-rated 2024 performance bonus.
2024-11-05
Listing Risk
Rigetti Computing, Inc. (RGTI) disclosed that on November 4, 2024, it received confirmation from Nasdaq that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. The company had been out of compliance since receiving a deficiency notice on September 16, 2024, but its stock maintained a closing bid price at or above $1.00 for the period of October 18 to November 1, 2024, satisfying the requirement. Nasdaq confirmed the matter is now closed, well ahead of the March 17, 2025 deadline the company had been given to regain compliance.
2024-09-24
8-K
Rigetti Computing, Inc. (RGTI) disclosed that its subsidiary Rigetti & Co., LLC entered into Amendment No. 3 to its office lease at 775 Heinz Avenue, Berkeley, CA with landlords Temescal, LP and Contra Costa Industrial Park, II. The amendment extends the lease term through October 31, 2028, with an option to extend further, and sets a new base rent of $71,756.25 per month effective November 1, 2025. Beginning November 1, 2026, the base rent will increase by 3% annually on each anniversary date.
2024-09-17
LeadershipListing Risk
On September 16, 2024, Rigetti Computing, Inc. (RGTI) received a notice from Nasdaq's Listing Qualifications Department stating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share, after its stock closed below that threshold for 31 consecutive business days. The company has until March 17, 2025 (180 days) to regain compliance, which can be achieved if the stock closes at or above $1.00 for at least ten consecutive business days. To cure the deficiency, Rigetti is considering a reverse stock split at a previously stockholder-approved ratio of up to 1-for-10, though no assurance of maintaining its Nasdaq listing was provided.
2024-08-08
Earnings
On August 8, 2024, Rigetti Computing, Inc. (RGTI) filed an 8-K disclosing its financial results for the three and six months ended June 30, 2024, via a press release (Exhibit 99.1). The filing was signed by CFO Jeffrey Bertelsen and covers both common stock and warrants listed on the Nasdaq Capital Market. No specific financial figures were included in the 8-K body itself; the detailed results are contained in the attached press release.
2024-06-24
Agreement
On June 21, 2024, Rigetti Computing, Inc. entered into an Amended and Restated Loan and Security Agreement with Trinity Capital Inc., replacing the existing loan agreement originally dated March 10, 2021. The amendment covers outstanding Term Loans with a principal balance of approximately $16.18 million, which continue to bear interest at the greater of 11% or the US Prime Rate plus 7.50% per annum, with no new borrowing capacity available. The amended agreement updates covenant terms to provide Rigetti greater operational flexibility, while prepayment premiums, final payment fees of 2.75%, and collateral security interests over all Loan Party assets remain largely unchanged.
2024-06-20
Equity Grant
Rigetti Computing, Inc. held its 2024 Annual Meeting of Stockholders on June 18, 2024, at which shareholders voted on four proposals. Thomas J. Iannotti and Alissa M. Fitzgerald were elected as Class II Directors through 2027, BDO USA, P.C. was ratified as the independent auditor for fiscal year 2024, and stockholders approved a potential 1-for-10 reverse stock split of common stock, which the Board may implement at its discretion before the 2025 annual meeting. The reverse stock split proposal passed with approximately 94 million votes in favor versus 9.8 million against.
2024-05-09
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on May 9, 2024, disclosing its financial results for the first quarter ended March 31, 2024. The press release announcing the results was furnished as Exhibit 99.1 and signed by CFO Jeffrey Bertelsen. No specific revenue or earnings figures were included in the filing itself, as the detailed results were contained in the attached press release.
2024-03-15
Offering
On March 15, 2024, Rigetti Computing, Inc. entered into an at-the-market equity Sales Agreement with Needham & Company, LLC and B. Riley Securities, Inc., allowing Rigetti to sell up to $100 million in common stock on the Nasdaq Capital Market at its discretion. The agents will earn a commission of up to 3.0% of gross sales proceeds on any shares sold. The offering is registered under Rigetti's existing Form S-3 (effective December 19, 2023) and an accompanying prospectus supplement filed the same day.
2024-03-14
Earnings
On March 14, 2024, Rigetti Computing, Inc. (RGTI) filed an 8-K disclosing its financial results for Q4 and the full year ended December 31, 2023, via a press release. The filing was signed by CFO Jeffrey Bertelsen and includes the earnings press release as Exhibit 99.1. No specific financial figures were detailed within the 8-K itself, as the results are contained in the attached exhibit.
2024-02-23
Agreement
On February 22, 2024, David Cowan notified Rigetti Computing, Inc. that he would not stand for re-election to the company's Board of Directors when his current term expires at the 2024 Annual Meeting of Stockholders. His decision was not related to any disagreement with the company over its operations, policies, or practices. The filing was signed by CFO Jeffrey Bertelsen on February 23, 2024.
2024-02-15
Agreement
Rigetti Computing, Inc. disclosed that between February 5 and February 15, 2024, it sold a total of 10,056,799 shares of common stock to B. Riley Principal Capital II LLC under a Common Stock Purchase Agreement dated August 11, 2022, generating net proceeds of $12.8 million ($13.2 million gross). This sale exhausted the full capacity of the agreement, with Rigetti having now sold all 23,648,889 shares available (the lesser cap of the $75 million or share-count limit). No further shares remain available for sale under the Purchase Agreement as of February 15, 2024.
2024-02-05
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on February 5, 2024, disclosing preliminary unaudited financial results for Q4 and full-year 2023, with revenue estimated at $2.9–$3.4 million for Q4 and $11.5–$12.1 million for the full year, an operating loss of $17.7–$19.2 million for Q4 and $72.8–$74.3 million for the full year, and cash and investments of approximately $99.9 million as of December 31, 2023. The company also disclosed the sale of 5,215,464 shares of common stock to B. Riley Principal Capital II LLC since September 30, 2023, generating net proceeds of $5.5 million. Additionally, Rigetti announced the public availability of its 84-qubit Ankaa-2 quantum system via its QCS platform, achieving 98% median 2-qubit fidelity and a 2-qubit gate time of 68 nanoseconds, representing a 2.5x improvement
2023-11-09
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on November 9, 2023, disclosing its financial results for the three and nine months ended September 30, 2023. The results were announced via a press release issued the same date and furnished as Exhibit 99.1 to the filing. The report was signed by CFO Jeffrey Bertelsen on behalf of the company.
2023-10-31
Equity Grant
Rigetti Computing, Inc. (RGTI) announced that on October 30, 2023, its Board of Directors expanded from seven to eight members and elected Thomas J. Iannotti as a Class II director and non-executive Chairman of the Board, succeeding Cathy McCarthy, who remains a Class III director. Iannotti will receive an annual cash retainer of $36,000 for board service plus an additional $22,500 as non-executive Chairman, along with an initial stock option grant to purchase up to 720,000 shares of common stock, capped at $1,000,000 in total value through the 2024 annual meeting. Subsequent annual option grants will cover up to 140,000 shares with a grant date fair value of $420,000.
2023-08-10
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on August 10, 2023, disclosing its financial results for the three and six months ended June 30, 2023, via a press release attached as Exhibit 99.1. The filing was signed by CFO Jeffrey Bertelsen and covers both common stock and warrant securities listed on the Nasdaq Capital Market. No specific financial figures were included in the 8-K body itself, as the detailed results are contained in the furnished press release.
2023-07-13
Listing Risk
Rigetti Computing, Inc. (RGTI) disclosed that it has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2). The company had been notified of non-compliance on January 25, 2023, and had until July 24, 2023 to remedy the issue. On July 12, 2023, Nasdaq confirmed that RGTI's closing bid price met or exceeded $1.00 for the period from June 27 to July 11, 2023, closing the matter.
2023-06-21
8-K
Rigetti Computing, Inc. (RGTI) held its 2023 Annual Meeting of Stockholders on June 15, 2023, at which shareholders voted on four proposals. Stockholders elected three Class I Directors — Subodh Kulkarni, Ray Johnson, and H. Gail Sandford — to serve until the 2026 annual meeting, and ratified BDO USA, LLP as the company's independent auditor for fiscal year 2023. Notably, stockholders approved a potential 1-for-10 reverse stock split of RGTI common stock, with the Board retaining discretion to implement or forgo the split at any time before the 2024 annual meeting.
2023-05-11
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on May 11, 2023, disclosing its financial results for the first quarter ended March 31, 2023, via a press release (Exhibit 99.1). The filing was signed by CFO Jeffrey Bertelsen and covers both the company's common stock (RGTI) and warrants (RGTIW) listed on the Nasdaq Capital Market. No specific financial figures were included in the 8-K body itself; the detailed results are contained in the attached press release.
2023-03-27
EarningsIR Event
On March 27, 2023, Rigetti Computing, Inc. (RGTI) filed an 8-K disclosing its financial results for the three months and full year ended December 31, 2022, via a press release. The filing was signed by CFO Jeffrey Bertelsen and also included an investor presentation made available on the company's website. No specific financial figures were included in the 8-K filing itself; the detailed results were contained in the attached press release (Exhibit 99.1).
2023-02-10
EarningsEquity Grant
On February 8, 2023, Rigetti Computing, Inc.'s Board of Directors approved a workforce reduction of approximately 28% (roughly 50 employees) aligned with a revised business strategy, expecting to incur approximately $1.4 million in restructuring charges in Q1 2023. Simultaneously, the Board terminated Brian Sereda as CFO and appointed Jeffrey Bertelsen as his replacement, both effective February 15, 2023; Sereda will remain as a non-executive employee through March 31, 2023 and receive severance totaling approximately $348,000 in salary continuation plus 12 months of COBRA coverage. Bertelsen, formerly CFO and COO of CyberOptics Corporation, will receive an annual base salary of $300,000, a target bonus of 25% of base salary, and an equity grant of stock options.
2023-01-27
Listing Risk
Rigetti Computing, Inc. (RGTI) received a notice from Nasdaq on January 25, 2023, that its common stock was no longer in compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share, after falling below that threshold for 30 consecutive business days. The company has until July 24, 2023 (180 days) to regain compliance, which it can achieve by maintaining a closing bid price of at least $1.00 for ten consecutive business days, with a possible additional 180-day extension if certain conditions are met. Rigetti stated it will monitor its stock price and may consider options including a reverse stock split to regain compliance, though no assurance of success was provided.
2022-12-16
Leadership
Rigetti Computing, Inc. (RGTI) disclosed that its Board of Directors appointed Dr. Subodh Kulkarni as a Class I director effective December 16, 2022, filling the vacancy left by founder Dr. Chad Rigetti's resignation from the Board on December 15, 2022. Dr. Kulkarni, who already serves as the company's President and CEO, will not be deemed an independent director, will not sit on any Board committees, and will receive no additional compensation for his director role. He will serve until the company's 2023 Annual Meeting of Stockholders.
2022-12-08
LeadershipEquity Grant
Rigetti Computing, Inc. appointed Dr. Subodh Kulkarni as President and CEO, effective December 12, 2022, replacing Interim CEO Rick Danis, who returned to his role as General Counsel and Corporate Secretary; the appointment was announced December 7, 2022. Dr. Kulkarni, age 58, previously served as CEO of CyberOptics Corporation until its acquisition by Nordson Corporation in November 2022. Under his employment agreement, he will receive an annual base salary of $585,000, a target annual bonus of $290,000, a potential $130,000 relocation benefit, and stock option grants of up to 1,250,000 and 500,000 shares of common stock.
2022-11-21
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on November 21, 2022, disclosing its financial results for the three and nine months ended September 30, 2022. The results were announced via a press release furnished as Exhibit 99.1 and signed by CFO Brian Sereda. No specific financial figures were included in the filing itself, with the detailed results contained in the attached press release.
2022-11-14
EarningsRestatement
Rigetti Computing, Inc. disclosed on November 14, 2022 that its Audit Committee, in consultation with management and auditor BDO USA, LLP, determined that its previously filed unaudited financial statements for Q1 and Q2 2022 can no longer be relied upon and must be restated. The restatements are needed due to an incorrect volatility weighting in the Monte Carlo simulation used to value earn-out liabilities tied to approximately 3.06 million Sponsor Vesting Shares from its March 2, 2022 SPAC merger with Supernova Partners Acquisition Company II Ltd., which will reduce reported earnout liabilities and increase net losses for those periods. Additionally, the company identified approximately $1.6 million in previously unrecognized electrical utility fees at its Berkeley facility dating back to 2019 that will require accrual adjustments across the affected periods.
2022-11-14
EarningsLeadership
Rigetti Computing, Inc. disclosed on November 14, 2022 that founder, President, and CEO Dr. Chad Rigetti formally resigned from all positions, with his departure effective December 15, 2022, and that the board appointed General Counsel Rick Danis as Interim President and CEO effective November 12, 2022. The company also announced a delay in reporting its financial results for the three- and nine-month periods ended September 30, 2022. Additionally, the board adopted amended and restated bylaws on November 8, 2022, enhancing disclosure and procedural requirements related to stockholder nominations and proposals.
2022-11-09
Leadership
On November 7, 2022, Chad Rigetti, Founder, President, CEO, and Board Director of Rigetti Computing, Inc. (RGTI), announced his intention to resign from all his positions, with an anticipated effective date of December 15, 2022. If a successor has not been named by that date, General Counsel and Corporate Secretary Rick Danis, age 53, will serve as interim President and CEO. The company noted it was already conducting a search for Dr. Rigetti's permanent successor.
2022-10-31
Leadership
Rigetti Computing, Inc. (RGTI) disclosed on October 31, 2022, that founder Dr. Chad Rigetti is stepping down as President and CEO to focus on the company's products and technology, with the company launching a search for his successor. Dr. Rigetti will remain in the role until a successor is appointed and will continue serving on the board of directors. The filing was signed by CFO Brian Sereda.
2022-09-16
EarningsAgreement
Rigetti Computing, Inc. (RGTI) disclosed several business updates on September 16, 2022, including a new collaboration with NVIDIA to develop a hybrid GPU-QPU workflow for climate modeling, the integration of Keysight's True-Q error mitigation software into its Quantum Cloud Services platform, and the public preview launch of its Aspen-M-2 (80-qubit) and Aspen-11 (40-qubit) processors on Microsoft Azure Quantum. The company also announced a partnership with cryogenic systems provider Bluefors to develop next-generation platforms supporting future 336-qubit, 1,000+, and 4,000+ qubit processors, with first delivery expected in early 2023. Additionally, Rigetti confirmed it remains on track to release its 84-qubit Ankaa system and 336-qubit Lyra system in 2023, and that its Fab-1 facility expansion adding ~5,000 square feet of clean room space is expected to be completed in Q4 2022.
2022-09-16
AgreementIR Event
On September 16, 2022, Rigetti Computing, Inc. (RGTI) held its inaugural Investor Day, during which it announced new partnerships and provided business updates. The company issued a press release and made an investor slide presentation available on its website in connection with the event. The filing, signed by CEO Chad Rigetti, was made under Regulation FD and is furnished rather than filed, meaning it is not subject to Exchange Act Section 18 liabilities.
2022-08-24
IR Event
Rigetti Computing, Inc. (RGTI) filed an 8-K on August 24, 2022, disclosing under Regulation FD that it published an investor slide presentation on its website for use in presentations to investors. The filing, signed by CEO Chad Rigetti, furnished the August 2022 investor presentation as Exhibit 99.1. No financial transactions or material business changes were announced; the disclosure was limited to the availability of the investor presentation.
2022-08-11
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on August 11, 2022, disclosing its financial results for the quarter ended June 30, 2022, along with business updates via a press release. The filing was signed by CFO Brian Sereda and covers both the company's common stock (RGTI) and warrants (RGTIW) listed on the Nasdaq Capital Market. No specific financial figures were included in the 8-K itself, as the detailed results were contained in the attached press release (Exhibit 99.1).
2022-07-06
LeadershipEquity GrantAgreement
Rigetti Computing, Inc. (RGTI) disclosed that General Peter Pace resigned as Chairman of the Board effective July 15, 2022, with 68,043 unvested restricted shares and 15,075 unvested RSUs accelerating and vesting upon his departure; Cathy McCarthy was appointed the new Board Chair and H. Gail Sandford was added to the Audit and Nominating/Governance Committees, both effective the same date. The company also disclosed that on June 30, 2022, it issued a warrant to Ampere Computing LLC under a previously established Warrant Subscription Agreement, receiving $5 million in exchange for the immediate vesting and exercise of 500,000 shares of common stock at $0.0001 per share. Ampere is obligated to pay an additional ~$5 million by October 6, 2023, upon which the remaining 500,000 shares under the warrant will vest and become exercisable.
2022-05-25
8-K
Rigetti Computing, Inc. (RGTI) filed this 8-K on May 24, 2022 to recast its audited consolidated financial statements following its March 2, 2022 merger with Supernova Partners Acquisition Company II, which was accounted for as a reverse recapitalization with Legacy Rigetti treated as the acquirer. The recast financials cover the eleven months ended December 31, 2021 and the year ended January 31, 2021, retroactively restating equity structure, share counts, and exercise prices to reflect the exchange ratio established in the merger. The filing updates the financial statements previously included in the company's Super 8-K filed March 7, 2022, and was signed by CEO Chad Rigetti.
2022-05-19
IR Event
On May 19, 2022, Rigetti Computing, Inc. (RGTI) filed an 8-K under Regulation FD to disclose that it published an investor slide presentation on its website for use in presentations to investors. The filing, signed by CEO Chad Rigetti, furnished the presentation as Exhibit 99.1 but explicitly noted it is not "filed" for Exchange Act liability purposes. No specific financial figures were disclosed in the filing itself beyond the existing warrant exercise price of $11.50 per share.
2022-05-16
Earnings
Rigetti Computing, Inc. (RGTI) filed an 8-K on May 16, 2022, disclosing its financial results for the first quarter ended March 31, 2022, along with business updates via a press release. The filing was signed by CEO Chad Rigetti and furnished under Item 2.02 (Results of Operations and Financial Condition). No specific financial figures were included in the 8-K itself, with full details contained in the attached Exhibit 99.1 press release.
2022-04-19
Leadership
On April 18, 2022, Rigetti Computing, Inc. (RGTI) terminated the employment of Taryn Naidu, the company's Chief Operating Officer. The Board of Directors stated that his departure was unrelated to any financial, internal controls, or disclosure matters. The filing was signed by CEO Chad Rigetti and dated April 19, 2022.
2022-03-10
EarningsIR Event
On March 10, 2022, Rigetti Computing, Inc. (RGTI) filed an 8-K disclosing its financial results for the fiscal year ended December 31, 2021, via a press release. The company, led by CEO Chad Rigetti, also made available an investor presentation on its website for use in investor communications. No specific financial figures were included in the filing itself, with the full results contained in the attached press release (Exhibit 99.1).
2022-03-07
8-K
Rigetti Computing, Inc. completed a SPAC merger on March 2, 2022, when Supernova Partners Acquisition Company II, Ltd. merged with Legacy Rigetti Holdings, Inc. to form the publicly traded Rigetti Computing, Inc., listed on Nasdaq under the ticker RGTI. The transaction involved a two-step merger process preceded by Supernova's domestication from a Cayman Islands company to a Delaware corporation on March 1, 2022, following shareholder approval at an extraordinary general meeting on February 28, 2022. Warrants trade under the symbol RGTIW and are exercisable at $11.50 per share.
2022-02-28
Equity GrantAgreement
On February 28, 2022, Supernova Partners Acquisition Company II, Ltd. (SNII) held an extraordinary general meeting in which shareholders voted to approve a business combination merger with Rigetti Holdings, Inc., along with Supernova's domestication from a Cayman Islands company to a Delaware corporation renamed "Rigetti Computing, Inc." (RGTI). Of the 43,125,000 total shares outstanding as of the January 18, 2022 record date, approximately 63.2% (27,253,615 shares) were represented, and all key proposals — including the merger, domestication, and charter amendments — passed with roughly 25.8–25.9 million votes in favor versus approximately 1.4 million against. The merger was structured as a two-step transaction under an Agreement and Plan of Merger dated October 6, 2021, resulting in Rigetti becoming a wholly owned subsidiary of the newly formed Rigetti Computing, Inc.
2022-02-18
Listing Risk
On February 18, 2022, Supernova Partners Acquisition Company II, Ltd. (NYSE: SNII) notified the NYSE of its intention to voluntarily delist its Class A ordinary shares, warrants, and units in connection with its pending business combination with Rigetti Holdings, Inc. Upon completion of the merger, Supernova will rename itself Rigetti Computing, Inc. and list its common stock and warrants on Nasdaq under the ticker symbols "RGTI" and "RGTI WS," with trading expected to begin on or about March 2, 2022.
2022-02-09
8-K
On February 9, 2022, Supernova Partners Acquisition Company II, Ltd. (SNII) announced it had filed a definitive proxy statement with the SEC and set February 28, 2022 as the date for a special stockholder meeting to vote on its proposed business combination with Rigetti Holdings, Inc. (the quantum computing company now trading as RGTI). The filing formalizes the SPAC merger process that would take Rigetti public via Supernova's NYSE-listed blank check company.
2022-01-10
AgreementIR Event
On January 10, 2022, Supernova Partners Acquisition Company II (SNII) and Rigetti Holdings, Inc. entered into a Second Amendment to their Agreement and Plan of Merger, updating the terms of their planned business combination to specify that the combined company's securities will list on the Nasdaq Stock Market rather than the NYSE. The parties involved include Supernova and its wholly owned subsidiaries (Supernova Merger Sub, Inc. and Supernova Romeo Merger Sub, LLC) alongside Rigetti Holdings, Inc., the quantum computing company that would become the publicly traded entity (RGTI). Coinciding with the amendment, Rigetti also presented an investor presentation at the 24th Annual Needham Growth Conference on January 10, 2022.
2022-01-10
8-K
On January 10, 2022, Supernova Partners Acquisition Company II, Ltd. (SNII) announced a record date of January 18, 2022 for shareholders eligible to vote at an extraordinary general meeting to approve its proposed business combination with Rigetti Holdings, Inc. (the quantum computing company that trades as RGTI). The filing relates to the SPAC merger process through which Rigetti would become a publicly traded company via Supernova's NYSE-listed vehicle.
2021-12-27
AgreementIR Event
On December 23, 2021, Supernova Partners Acquisition Company II, Ltd. (SNII) entered into subscription agreements with investors for an additional 4,390,244 shares at $10.25 per share, raising approximately $45.0 million in a supplemental PIPE investment tied to its pending business combination with Rigetti Holdings, Inc. (RGTI). The joint press release announcing the transaction was issued on December 27, 2021. This additional PIPE financing is intended to support the previously announced merger that would take Rigetti public via the SPAC combination with Supernova.
2021-12-23
AgreementIR Event
On December 23, 2021, Supernova Partners Acquisition Company II, Ltd. (SPAC ticker: SNII) entered into additional PIPE II Subscription Agreements with two accredited investors to raise approximately $45.0 million through the sale of 4,390,244 shares at $10.25 per share, supplementing an earlier $102.5 million PIPE I commitment and bringing total PIPE commitments to approximately $147.5 million. Simultaneously, Supernova and Rigetti Holdings, Inc. executed a First Amendment to their October 6, 2021 Merger Agreement to incorporate the PIPE II proceeds toward the $165 million minimum Available Closing Cash Condition required to complete the business combination. This filing is relevant to RGTI (Rigetti Computing) as it represents a key step in Rigetti's path to going public via its merger with Supernova.
2021-11-16
EarningsRestatement
Supernova Partners Acquisition Company II, Ltd. disclosed on November 14, 2021 that its previously issued financial statements for the periods ended March 31 and June 30, 2021 should no longer be relied upon due to a misclassification of redeemable Class A ordinary shares, which should have been recorded entirely as temporary equity rather than partly as permanent equity. The company, in consultation with auditor Marcum LLP and its Audit Committee, restated the affected financials in its Q3 2021 Form 10-Q filed November 15, 2021, with no expected impact on cash or trust account balances. Management acknowledged a material weakness in internal controls and that disclosure controls were ineffective as a result of the classification error.
2021-10-06
8-K
On October 6, 2021, Supernova Partners Acquisition Company II, Ltd. (SPAC ticker: SNII) entered into a Merger Agreement with Rigetti Holdings, Inc. to take the quantum computing company public through a business combination, with Supernova redomesticating to Delaware and renaming itself "Rigetti Computing, Inc." (the entity that would later trade as RGTI). The deal values Rigetti's aggregate equity at approximately $1.041 billion, with Rigetti shareholders receiving Supernova common stock at an exchange ratio based on that figure divided by fully diluted shares and a $10.00 reference price. The transaction was subject to stockholder approvals from both companies and customary regulatory conditions before closing.
2021-06-03
8-K
Supernova Partners Acquisition Company II, Ltd. (ticker: SNII) received a notice from the NYSE on May 25, 2021 for failing to timely file its Form 10-Q for the quarter ended March 31, 2021, putting it out of compliance with NYSE continued listing requirements. The filing delay was caused by the company's need to reevaluate the accounting treatment of its warrants following an April 12, 2021 SEC staff statement on SPAC warrant accounting. The notice has no immediate effect on the trading of the company's securities, and the company stated it was working to file the 10-Q as quickly as possible.
2021-04-16
8-K
Supernova Partners Acquisition Company II, Ltd. (SPAC ticker: SNII) announced on April 15, 2021 that holders of its IPO units could begin separately trading the component Class A Ordinary Shares (NYSE: SNII) and redeemable warrants (NYSE: SNII WS) starting April 22, 2021. Each unit consists of one Class A Ordinary Share and one-fourth of a redeemable warrant exercisable at $11.50 per share. Holders wishing to separate their units were required to contact transfer agent American Stock Transfer & Trust Company, LLC through their brokers.
2021-03-10
8-K
On March 4, 2021, Supernova Partners Acquisition Company II, Ltd. (ticker: SNII) completed its IPO on the NYSE, selling 34,500,000 units at $10.00 each and generating $345 million in gross proceeds. Simultaneously, sponsor Supernova Partners II LLC purchased 4,450,000 private placement warrants at $2.00 each for an additional $8.9 million. Approximately $345 million in combined net proceeds were deposited into a trust account held by American Stock Transfer & Trust Company for the benefit of public stockholders. RGTI (Rigetti Computing) later emerged from a SPAC merger with this entity.
2021-03-04
Agreement
Supernova Partners Acquisition Company II, Ltd. (ticker: SNII) completed its IPO on March 4, 2021, selling 34,500,000 units at $10.00 per unit and generating gross proceeds of $345,000,000, with units listed on the NYSE. Simultaneously, the company's sponsor, Supernova Partners II LLC, purchased 4,450,000 private placement warrants at $2.00 each, raising an additional $8,900,000. The filing relates to RGTI (Rigetti Computing) as Supernova Partners Acquisition Company II was the SPAC that later merged with Rigetti, and key agreements executed include an Underwriting Agreement with J.P. Morgan Securities LLC and Jefferies LLC, a Warrant Agreement, and an Investment Management Trust Agreement, all dated March 1, 2021.

Source: SEC EDGAR · Material events, earnings releases, contract announcements · Updated weekly

S-3 shelf registrations, 424B prospectuses, and document-verified foreign-issuer supplements represent potential dilution events. Rigetti Computing has 66 such filings on record.

All Shelf Filings ↗
2025-05-30424B5RGTI launches $350M ATM offering via Jefferies at ~$14.19/share, diluting existing holders ~7.8%
ATMLarge ($50M+)DilutiveShelf
2024-11-27424B5RGTI raises $100M via registered direct offering of 50M shares at $2.00, a 27% discount to market.
PIPEUnderwrittenLarge ($50M+)DilutiveShelf
2024-03-15424B5RGTI launches $100M ATM offering via Needham & B. Riley at ~$1.98/share, ~32% dilution to existing holders.
ATMLarge ($50M+)DilutiveShelf
2023-12-27424B3RGTI equity line resale: B. Riley can sell up to 23.6M shares under $75M committed purchase facility
Equity LineSecondaryShelfMid ($10-50M)Dilutive
2023-12-19424B3RGTI: Ampere Computing resells 500K warrant-exercised shares — zero proceeds to Rigetti
Warrant RegistrationSecondarySmall (<$10M)Shelf
2023-12-19424B3RGTI registers 113.7M shares & warrants for resale from SPAC merger — minimal direct proceeds to company
Warrant RegistrationSecondaryMerger SharesShelfDilutive
2023-12-11S-3RGTI files $250M shelf registration to sell stock, debt, warrants over time at market prices.
ShelfLarge ($50M+)Dilutive
2023-11-09424B3RGTI resale supplement: Ampere Computing selling 500K warrant shares at market — RGTI gets zero proceeds.
SecondaryWarrant RegistrationSmall (<$10M)Dilutive
2023-11-09424B3RGTI Prospectus Supplement No. 5: Updates resale/warrant registration shelf with Q3 2023 financials — no new capital raised.
Warrant RegistrationSecondaryShelfMerger SharesDilutive
2023-11-09424B3RGTI equity line update: B. Riley can resell up to 23.6M shares under $75M committed purchase facility
Equity LineSecondaryShelfDilutiveSmall (<$10M)
2023-10-31424B3RGTI selling stockholder Ampere Computing may resell 500K shares from warrant exercise at $10/share.
SecondaryWarrant RegistrationSmall (<$10M)Shelf
2023-10-31424B3RGTI files prospectus supplement #5 updating resale/warrant registration with new Chairman appointment.
Warrant RegistrationSecondaryShelfAmendment
2023-10-31424B3RGTI equity line supplement: B. Riley can resell up to 23.6M shares from $75M committed purchase facility.
Equity LineSecondaryShelfDilutiveSmall (<$10M)
2023-08-10424B3RGTI: Ampere Computing resale of 500K warrant shares at $10/share — no proceeds to Rigetti
SecondaryWarrant RegistrationSmall (<$10M)
2023-08-10424B3RGTI 424B3 Supp #4: Resale/warrant registration update covering ~116M shares — no new cash raised by company.
Warrant RegistrationSecondaryMerger SharesShelfDilutive
2023-08-10424B3RGTI equity line update: B. Riley can sell up to 23.6M shares under $75M committed purchase facility
Equity LineSecondaryShelfLarge ($50M+)Dilutive
2023-07-13424B3RGTI: Ampere Computing resells 500K warrant shares at $10/share — RGTI receives no proceeds
Warrant RegistrationSecondarySmall (<$10M)Shelf
2023-07-13424B3RGTI supplements warrant/resale shelf with 8-K confirming Nasdaq bid price compliance restored.
Warrant RegistrationSecondaryShelfAmendment
2023-07-13424B3RGTI sells up to 23.6M shares via equity line with B. Riley; up to $75M in potential proceeds.
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2023-06-21424B3RGTI resale of 23.6M shares via B. Riley equity line; company can draw up to $75M at market prices.
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2023-06-21424B3RGTI updates warrant/resale shelf with 8-K; stockholders approve 1-for-10 reverse split authorization.
Warrant RegistrationSecondaryShelfAmendmentDilutive
2023-06-21424B3RGTI: Ampere Computing resells 500K warrant-exercised shares at $10/share — RGTI gets none of the proceeds.
Warrant RegistrationSecondarySmall (<$10M)Dilutive
2023-05-11424B3RGTI 424B3 supplement registers 114M+ shares/warrants for resale and warrant exercise at sub-$1 stock price.
Warrant RegistrationSecondaryShelfDilutiveSmall (<$10M)
2023-05-11424B3RGTI equity line update: B. Riley can resell up to 23.6M shares under $75M committed purchase facility
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2023-05-11424B3RGTI: Ampere Computing resale of 500K warrant-exercise shares — no proceeds to company
ResaleWarrant RegistrationSecondarySmall (<$10M)
2023-04-14424B3RGTI: Ampere Computing resells 500K warrant-exercised shares — zero proceeds to Rigetti.
Warrant RegistrationSecondarySmall (<$10M)Dilutive
2023-04-14424B3RGTI registers 23.6M shares for B. Riley equity line resale — up to $75M in committed purchases at market price
Equity LineSecondaryMid ($10-50M)DilutiveShelf
2023-04-14424B3RGTI registers 114M shares for resale + warrant exercise post-SPAC merger — massive dilution overhang at $0.51/share
Warrant RegistrationSecondaryMerger SharesShelfDilutive
2023-02-16424B3RGTI resale of 500K shares from Ampere warrant exercise at $10/share; company receives no proceeds.
SecondaryWarrant RegistrationSmall (<$10M)Shelf
2023-02-16424B3RGTI Prospectus Supplement No. 13: Resale of ~97M shares & 19.4M warrant shares, plus CEO separation terms.
Warrant RegistrationSecondaryShelfAmendmentDilutive
2023-02-16424B3RGTI updates equity line prospectus with CEO separation agreement details; up to $75M in shares available to B. Riley.
Equity LineSecondaryShelfAmendmentMid ($10-50M)
2023-02-10424B3RGTI equity line resale supplement: 23.6M shares via B. Riley amid 28% workforce cut and CFO change.
Equity LineResaleLarge ($50M+)Dilutive
2023-02-10424B3RGTI Prospectus Supplement No. 12 updates resale shelf with 8-K disclosing 28% workforce cut and CFO change.
Warrant RegistrationSecondaryShelfAmendmentDilutive
2023-02-10424B3RGTI resale of 500K shares by Ampere Computing from warrant exercise at $10/share; no proceeds to company.
ResaleWarrant RegistrationSmall (<$10M)Dilutive
2023-01-27424B3RGTI updates warrant/resale shelf with Nasdaq delisting warning after stock fell below $1.00
Warrant RegistrationShelfSecondaryAmendment
2023-01-27424B3RGTI equity line resale: B. Riley can sell up to 23.6M shares from $75M committed facility; Nasdaq delisting risk flagged.
Equity LineSecondaryLarge ($50M+)DilutiveAmendment
2023-01-27424B3RGTI: Ampere resells 500K warrant-exercised shares at $0.808; RGTI gets no proceeds, faces Nasdaq delisting risk.
Warrant RegistrationSecondarySmall (<$10M)Dilutive
2022-12-16424B3RGTI files prospectus supplement #10 registering ~116M shares/warrants from SPAC merger & warrant exercises.
Warrant RegistrationSecondaryMerger SharesShelfDilutive
2022-12-16424B3RGTI equity line resale: B. Riley may sell up to 23.6M shares tied to $75M committed purchase facility.
Equity LineSecondaryShelfLarge ($50M+)Dilutive
2022-12-16424B3RGTI: Ampere Computing resells 500K warrant-exercised shares — RGTI receives no proceeds
Warrant RegistrationSecondarySmall (<$10M)Shelf
2022-12-08424B3RGTI Prospectus Supplement No. 9 updates resale/warrant registration with new CEO appointment disclosure.
Warrant RegistrationSecondaryShelfAmendment
2022-12-08424B3RGTI equity line resale shelf updated via 8-K disclosing new CEO hire; up to $75M available from B. Riley.
Equity LineSecondaryShelfLarge ($50M+)Dilutive
2022-12-08424B3RGTI resale supplement: Ampere Computing may sell 500K warrant shares; RGTI receives no proceeds.
SecondaryWarrant RegistrationSmall (<$10M)Dilutive
2022-12-02424B3RGTI files Prospectus Supplement No. 8 updating interim CEO pay; no new shares or capital raised.
ShelfWarrant RegistrationSecondaryAmendment
2022-12-02424B3RGTI equity line resale supplement: B. Riley can sell up to 23.6M shares from $75M committed purchase facility.
Equity LineSecondaryShelfLarge ($50M+)Dilutive
2022-12-02424B3RGTI: Ampere Computing resells 500K shares from warrant exercise — RGTI gets no proceeds.
SecondaryWarrant RegistrationSmall (<$10M)Dilutive
2022-12-01424B3RGTI Prospectus Supplement No. 7: Updates shelf registration with restated financials, CEO departure, and up to 116M shares/warrants eligible for resale.
Warrant RegistrationSecondaryShelfAmendmentDilutive
2022-12-01424B3RGTI equity line: B. Riley can resell up to 23.6M shares under $75M committed purchase facility
Equity LineSecondaryDilutiveLarge ($50M+)Amendment
2022-12-01424B3RGTI: Ampere Computing resells 500K warrant-exercised shares — zero proceeds to Rigetti.
SecondaryWarrant RegistrationSmall (<$10M)Amendment
2022-11-09424B3RGTI files prospectus supplement #6 updating warrant/resale shelf with CEO resignation disclosure.
Warrant RegistrationSecondaryShelfDilutiveAmendment
2022-11-09424B3RGTI equity line resale supplement: up to $75M from B. Riley, plus CEO resignation disclosed
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2022-11-09424B3RGTI selling stockholder Ampere offloads 500K shares at $10/share — RGTI gets zero proceeds
SecondaryWarrant RegistrationSmall (<$10M)Shelf
2022-10-31424B3RGTI files prospectus supplement #5 updating resale shelf; CEO Chad Rigetti stepping down.
ShelfWarrant RegistrationSecondaryAmendment
2022-10-31424B3RGTI equity line resale: B. Riley can sell up to 23.6M shares tied to $75M committed purchase facility.
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2022-10-31424B3RGTI: Ampere Computing resells 500K shares from warrant exercise — RGTI receives no proceeds.
SecondaryWarrant RegistrationSmall (<$10M)Shelf
2022-09-16424B3RGTI files Prospectus Supplement No. 4 covering ~116M resale shares and warrant shares from SPAC merger.
Warrant RegistrationSecondaryMerger SharesShelfDilutive
2022-09-16424B3RGTI equity line: B. Riley can resell up to 23.6M shares from $75M committed purchase facility
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2022-09-16424B3RGTI selling stockholder Ampere Computing offloads 500K warrant-exercised shares at $10/share — no proceeds to Rigetti.
SecondaryWarrant RegistrationSmall (<$10M)Shelf
2022-09-14424B3RGTI registers 23.6M shares for B. Riley equity line resale — up to $75M in potential proceeds
Equity LineSecondaryLarge ($50M+)DilutiveShelf
2022-08-25424B3RGTI: Ampere Computing resells 500K warrant-exercised shares — zero proceeds to Rigetti
SecondaryWarrant RegistrationSmall (<$10M)Dilutive
2022-08-18424B3RGTI Supplement #3: Sponsor distributes ~8.4M founder shares & 4.45M warrants to members — no new capital raised.
SecondaryWarrant RegistrationShelfAmendmentDilutive
2022-08-12424B3RGTI Prospectus Supplement No. 2: Updates S-1 resale shelf with Q2 2022 10-Q; covers ~116M shares & 4.45M warrants for selling securityholders.
Warrant RegistrationSecondaryShelfAmendmentDilutive
2022-07-06424B3RGTI supplements S-1 resale shelf: 96.9M shares + 19.4M warrant shares eligible for sale post-SPAC merger.
ResaleWarrant RegistrationMerger SharesShelfDilutive
2022-06-16424B3RGTI insiders register 75,000 shares for resale — tiny S-8 reoffer from exec stock awards
SecondarySmall (<$10M)ShelfAmendment
2022-06-01424B3RGTI registers 116M+ shares for resale & warrant exercise post-SPAC merger with Supernova Partners II.
Warrant RegistrationMerger SharesSecondaryShelfDilutive
2022-02-10424B3SPAC merger: Supernova II (SNII) merges with Rigetti Computing to create RGTI with $147.5M PIPE financing
Merger SharesPIPELarge ($50M+)DilutiveShelf

Source: SEC EDGAR · S-3 = shelf registration, 424B3/B5 = active offering (dilutive)

Ownership & Insiders

SC 13G/D filers · >5% ownership

All 13G/D ↗
InstitutionForm% OwnedFiled
BlackRock,SC 13G/A7.90%2026-07-29
VANGUARD HORIZON FUNDSSC 13G7.11%2025-07-29
BlackRock Portfolio ManagementSC 13G/A6.40%2025-07-17
VANGUARD PORTFOLIO MANAGEMENTSC 13G5.95%2026-04-29
VANGUARD CAPITAL MANAGEMENTSC 13G5.05%2026-04-30
Toppan Merrill/FASC 13G0.00%2024-12-05
SC 13D/A0.00%2024-11-27
SC 13D/A0.00%2024-11-19

Source: SEC EDGAR SC 13G/D · Updated monthly

Open-market buys and sells by directors and officers

All Form 4s ↗

90-Day Activity

11B
10S
11 buys10 saleslast 90 days
FiledInsiderTypeSharesPrice
2026-06-22Johnson Ray ODIR▼ SELL84,944$20.55
2026-06-10Johnson Ray ODIR▲ BUY9,208
2026-06-10Johnson Ray ODIR▼ SELL5,971$21.76
2026-06-10Johnson Ray ODIR▼ SELL116,217$21.28
2026-06-10Clifton Michael S.DIR▲ BUY9,208
2026-06-10Iannotti Thomas JDIR▲ BUY9,208
2026-06-10Fitzgerald AlissaDIR▲ BUY9,208
2026-06-01Kulkarni Subodh KDIR▼ SELL61,000$24.38
2026-06-01Kulkarni Subodh KDIR▼ SELL43,190$26.23
2026-06-01Kulkarni Subodh KDIR▲ BUY33,490$1.41
2026-06-01Kulkarni Subodh KDIR▲ BUY111,111$1.05
2026-06-01Kulkarni Subodh KDIR▲ BUY70,000$0.9638
2026-06-01Rivas David▼ SELL499,328$25.40
2026-06-01Rivas David▲ BUY393$0.2720
2026-06-01Rivas David▲ BUY3,541$0.2720
2026-06-01Rivas David▲ BUY33,053$0.2720
2026-06-01Rivas David▲ BUY75,131$0.2720
2026-05-26Rivas David▼ SELL30$25.63
2026-05-26Rivas David▼ SELL18,729$22.95
2026-05-26Bertelsen Jeffrey A.▼ SELL13$25.63
2026-05-26Bertelsen Jeffrey A.▼ SELL3,669$22.94
2026-03-11Rivas David▲ BUY80,000
2026-03-11Rivas David▼ SELL36,719$17.52
2026-03-11Bertelsen Jeffrey A.▼ SELL4,270$17.52
2026-01-05Fitzgerald AlissaDIR▼ SELL59,316$22.41
2025-12-10Clifton Michael S.DIR▼ SELL150,000$27.34
2025-11-21Rivas David▼ SELL41,935$26.34
2025-11-21Bertelsen Jeffrey A.▼ SELL3,702$26.35
2025-10-17Sandford Helene GailDIR▼ SELL62,000$44.89
2025-09-22Sandford Helene GailDIR▼ SELL17,634$24.75

Source: SEC EDGAR Form 4 · Open-market buys and sells · Updated daily

Bull vs Bear: Analyst Opinions on Rigetti Computing (RGTI)

Generated from live analyst targets, SEC filings and market data as of August 2026 — not investment advice.

▲ THE BULL CASE

• Wall Street's mean price target of $30.07 implies 88% upside — consensus rating Buy across 11 analysts.

• 8 of 12 analyst ratings are Buy or Strong Buy.

• $418.25M in cash gives roughly 82 months of runway at the current burn rate.

• $12.10M in U.S. federal contracts and grants across 14 awards validates the technology with government customers.

• Retail sentiment on StockTwits runs 71% bullish over the last 17 scored posts.

▼ THE BEAR CASE

• Revenue declined 34% year-over-year to $7.09M (latest fiscal year).

• 66 at-the-market / shelf offering filings (S-3 / 424B / SUPPL) on record, though the most recent was filed over a year ago.

• Not yet profitable: net loss of $216.21M in the latest fiscal year.

How long is Rigetti Computing's (RGTI) cash runway?

Rigetti Computing has roughly 82 months of cash runway as of August 2026 — $418.25M in cash divided by its trailing-twelve-month operating burn.

How much government funding has Rigetti Computing received?

Rigetti Computing has received $12.10M in U.S. federal contracts and grants across 14 tracked awards (USAspending.gov).

Is RGTI stock at risk of shareholder dilution?

Dilution risk is elevated: 66 shelf/ATM offering filings on record.

How many qubits does Rigetti Computing have?

Rigetti Computing's Cepheus-1-108Q has 107 active physical qubits and is generally available; its roadmap targets Lyra (336 qubits, late 2026 narrow advantage target); 1,000+ qubits by end of 2027; utility-scale ~2027–2029.

What percentage of RGTI's trading volume is short?

54% of RGTI's daily trading volume was short selling as of 2026-07-29 (FINRA daily short volume).

Compare RGTI with other quantum computing stocks