Rigetti Computing, Inc. (RGTI) reported insider equity activity by Chief Technology Officer Andrew Joseph Bestwick. He received an award of 750,000 RSUs, each representing a contingent right to one share of common stock, vesting in 16 installments on February 20, May 20, August 20 and November 20 starting November 20, 2026, subject to continued service. In connection with RSU settlement, he conducted nondiscretionary sell-to-cover transactions of 5,791 shares of common stock at a weighted average price of $16.8053 per share, with individual sale prices ranging from $16.63 to $16.965.
Rigetti Computing, Inc. (RGTI) reports initial beneficial ownership for Chief Technology Officer Andrew Joseph Bestwick. He holds 291,912 shares of common stock, including 75,004 shares and 216,908 restricted stock units, and an employee stock option over 245,524 shares at an exercise price of $1.32 per share expiring on May 14, 2034.
Of this option, 102,299 shares are vested and exercisable, with the remaining 143,225 shares vesting in 21 monthly installments starting September 14, 2026, subject to continued service. The RSUs vest in specified quarterly installments beginning August 20, 2026, also contingent on continuous service. The reported securities were acquired before his appointment as an executive officer on August 18, 2026.
Rigetti Computing, Inc. (RGTI) reported that Dr. Ray Johnson has resigned from its Board of Directors. He notified the company on August 19, 2026, with his resignation effective August 28, 2026. The company states that Dr. Johnson’s decision to resign was not due to any disagreement regarding operations, policies, or practices. Rigetti expressed appreciation for his commitment and service. The report was signed by Chief Financial Officer Jeffrey Bertelsen.
Rigetti Computing, Inc., which builds and operates superconducting quantum computers, reported higher revenue but continued losses for the quarter and six months ended June 30, 2026. Dollar figures from the financial statements are presented in thousands. Quarterly revenue was $5,138, driven mainly by $4,098 from sales of quantum computers and components, with the balance from collaborative services and cloud access, yielding gross profit of $2,188.
Operating expenses remained high, with research and development of $20,728 and selling, general and administrative costs of $9,522, producing a loss from operations of $28,062. Other expense of $24,544 included a $(29,602) change in fair value of derivative warrant liabilities, leading to a net loss of $(52,606), or $(0.16) per basic and diluted share. For the first half of 2026, revenue reached $9,538 and net loss was $(19,497), with net loss available to common stockholders of $(43,592), or $(0.13) per diluted share.
Total assets were $648,233 at June 30, 2026, including cash and cash equivalents of $27,763 and U.S. treasury investments of $365,946 short term and $147,586 long term, against stockholders’ equity of $537,434. Net cash used in operating activities was $(31,993) in the first half. Management states that existing cash, cash equivalents and available‑for‑sale investments are expected to meet anticipated operating needs for at least twelve months. Net income (loss) also reflects changes in the fair value of 8,436,597 Public Warrants and 283,424 Private Warrants, whose derivative liabilities totaled $78,407 (including $75,550 for Public and $2,857 for Private Warrants), and revenue concentration, with Customer A representing 64% of Q2 2026 revenue.
Rigetti Computing, Inc. reported second quarter 2026 revenue of $5.1 million, up from $1.8 million a year earlier, producing gross profit of $2.2 million. Operating expenses rose to $30.3 million, resulting in a GAAP net loss of $52.6 million, or $0.16 per share.
The company recorded a non‑GAAP net loss of about $16.0 million for the quarter. As of June 30, 2026, it held $27.8 million in cash, $365.9 million in short‑term investments and $147.6 million in long‑term investments, with no debt. Operating cash outflow for the first half was $32.0 million.
Rigetti highlighted growing demand for its superconducting quantum systems, including a 9‑qubit Novera system for the Pittsburgh Supercomputing Center and a 108‑qubit system program in India. It also signed a letter of intent with the U.S. Department of Commerce for potential funding of up to $100 million over three years in exchange for an equity stake, and continues to target systems of roughly 1,000 qubits with higher fidelities and faster gate speeds over about three years.
BlackRock, Inc. reports beneficial ownership of Rigetti Computing, Inc. common stock on an amended Schedule 13G. As of 06/30/2026, BlackRock and certain reporting business units beneficially owned 26,378,262 shares of common stock, representing 7.9% of the class.
BlackRock has sole voting powersole dispositive power
Rigetti Computing (reporting agent) filed a Form 144 notice reporting a sale of 122,188 shares of Common Stock on 06/08/2026 for $2,602,848.78. The filing also lists 84,944 shares identified as Compensation with a date of 06/10/2025. Shares outstanding are shown as 332,400,000 shares as of 06/22/2026.
Rigetti Computing director Ray O. Johnson sold 84,944 shares of the company’s common stock in an open-market transaction on June 22, 2026. The shares were sold at a weighted average price of $20.5458, with individual trades executed between $20.405 and $21.00 per share.
The sale was made under a Rule 10b5-1 trading plan that Johnson adopted on March 12, 2025 and modified on March 9, 2026, indicating the transactions were pre-scheduled. After these sales, he continues to directly own 95,537 Rigetti shares.
Rigetti Computing director Michael S. Clifton sold all of his reported warrants in recent open-market trades. He sold 94,733 warrants on June 15, 2026 at a weighted average price of $12.00 and 4,361 warrants on June 12, 2026 at a weighted average price of $10.9058. These fully vested warrants, exercisable at $11.50 per share and expiring on March 2, 2027, were linked to an equal number of underlying Rigetti common shares, and the filing shows no remaining position in this warrant series.