RGTIRigetti Computing, Inc.

Company: Rigetti Computing, Inc. (NASDAQ: RGTI) Filing: Form 8-K (Items 2.02, 9.01) — Filed with the SEC on November 10, 2026 Stock Price: $11.73 | Today's Change: -3.42%

---

What Happened

Rigetti Computing filed an 8-K with the SEC on November 10, 2026, disclosing its financial results for the third quarter of fiscal year 2026 (Items 2.02 and 9.01 — Results of Operations and Financial Statements). The company reported a net loss of $198,003,000 for Q3 FY2026, with basic and diluted earnings per share both coming in at -$0.65. Operating losses for the quarter reached $62,063,000, underscoring the continued and significant cash consumption that characterizes Rigetti's stage of development in the quantum computing hardware space.

Why It Matters

For investors, the headline numbers confirm that Rigetti remains deeply unprofitable, with a net loss of nearly $198 million in a single quarter — a figure that dwarfs the operating loss of $62 million, suggesting substantial non-operating charges (such as interest expense, fair-value adjustments on warrants or convertible instruments, or other items) contributed meaningfully to the bottom-line result. The gap between operating loss and net loss is notable and worth scrutinizing in the full financial statements attached to the filing. The stock's -3.42% move on the day of this report reflects the market's immediate reaction to the disclosure. At $11.73 per share, valuation remains heavily dependent on long-term quantum computing commercialization prospects rather than near-term financial performance.

Key takeaways for investors:

• Net loss of $198.0M in Q3 FY2026 — a very large figure relative to the company's revenue-stage profile.
• EPS of -$0.65 (basic and diluted) signals significant per-share dilution impact alongside operating losses.
• Operating loss of $62.1M reflects ongoing R&D and infrastructure investment in quantum hardware development.
• The $135M+ gap between operating loss and net loss warrants close review of non-operating line items in the full 10-Q or earnings press release.

Analysis

Rigetti's Q3 FY2026 results reinforce the central tension in the quantum computing investment narrative: the technology remains genuinely early-stage, requiring massive ongoing capital investment, while the path to meaningful commercial revenues is still being established. The operating loss of $62 million is itself a large number for a company at this stage, but the near-$198 million net loss is the more striking figure — investors will want to understand whether the gap reflects one-time non-cash charges or recurring financial obligations, as that distinction has significant implications for how the balance sheet and cash runway evolve.

The revenue figure provided in the XBRL data — $2,104,000 for Q1 FY2023 — is a historical comparative data point and does not represent current-quarter revenue; current Q3 FY2026 revenue was not separately provided in the structured facts, which limits full analysis here. What is clear is that losses at this magnitude demand a well-capitalized balance sheet to sustain operations. Watchers of this stock should focus on cash and equivalents, any new financing activity, and forward guidance on the pace of hardware deployments and customer contract wins when the full earnings materials become available.

The -3.42% move on the day is a moderate negative reaction — not a panic sell-off — suggesting the market had partially anticipated continued heavy losses, but that the specific magnitude may have come in worse than some expectations.

---

Disclaimer

This report is a factual news summary based solely on information contained in Rigetti Computing's SEC filing (Form 8-K filed November 10, 2026) and publicly available stock price data. It is provided for informational purposes only and does not constitute investment advice, a solicitation to buy or sell any security, or a recommendation of any kind. Readers should conduct their own due diligence and consult a qualified financial professional before making any investment decisions.

Source

Filed with the SEC on 2026-11-10. Read the original filing on EDGAR: https://www.sec.gov/Archives/edgar/data/1838359/000110465926125152/rgti-20261110x8k.htm