Rigetti Computing, Inc. ($RGTI) reported third-quarter 2026 revenue of $1.4 million, falling well short of the $3.6 million estimate and down 27.5% from a year earlier. Gross profit improved sharply to $857,000, reflecting better unit economics even as the top line weakened.
Losses remained substantial, with operating loss at $33.2 million and net loss attributable to common shareholders at $3.1 million. Diluted loss per share came in at $0.08, versus an estimate of $0.05.
Cash use stayed elevated as the company invested heavily in its business. Operating cash outflow was $17.1 million, while capital spending reached $26.2 million. At quarter-end, Rigetti held $45.8 million in cash and cash equivalents, and total liabilities declined to $82.0 million.
- Revenue: $1.4 million
- Gross profit: $857,000
- Operating loss: $33.2 million
- Net loss: $3.1 million
- Cash and cash equivalents: $45.8 million
Shares fell 5.3% after the market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Rigetti Computing, Inc. Insider Trading Activity
Rigetti Computing, Inc. insiders have traded $RGTI stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $RGTI stock by insiders over the last 6 months:
- DAVID RIVAS (CHIEF OPERATING OFFICER) has made 0 purchases and 4 sales selling 527,125 shares for an estimated $13,263,310.
- SUBODH K KULKARNI (President and CEO) has made 0 purchases and 3 sales selling 224,190 shares for an estimated $4,502,007.
- RAY O JOHNSON has made 0 purchases and 3 sales selling 207,132 shares for an estimated $4,348,083.
- JEFFREY A. BERTELSEN (CHIEF FINANCIAL OFFICER) has made 0 purchases and 4 sales selling 32,542 shares for an estimated $524,685.
- ANDREW JOSEPH BESTWICK (CHIEF TECHNOLOGY OFFICER) sold 5,791 shares for an estimated $97,319
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Rigetti Computing, Inc. Hedge Fund Activity
We have seen 257 institutional investors add shares of Rigetti Computing, Inc. stock to their portfolio, and 202 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 3,802,107 shares (-58.7%) from their portfolio in Q3 2026, for an estimated $59,845,164
- HRT FINANCIAL LP removed 3,515,852 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $67,926,260
- BLACKROCK, INC. added 3,098,204 shares (+12.2%) to their portfolio in Q2 2026, for an estimated $59,857,301
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,842,839 shares (+inf%) to their portfolio in Q2 2026, for an estimated $54,923,649
- TWO SIGMA INVESTMENTS, LP removed 2,478,635 shares (-89.0%) from their portfolio in Q2 2026, for an estimated $47,887,228
- ALYESKA INVESTMENT GROUP, L.P. removed 1,990,719 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $38,460,691
- D. E. SHAW & CO., INC. added 1,844,653 shares (+52.4%) to their portfolio in Q2 2026, for an estimated $35,638,695
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
