Rigetti Computing (RGTI) Stock Q4 Earnings: What Investors Need to Know Today

TLDR

• Rigetti Computing releases Q4 FY2025 financial results after the market closes on March 4, 2026.
• Wall Street projects an EPS loss between $0.03 and $0.04, alongside revenue estimates of approximately $2.33 million, representing a ~2.6% year-over-year increase.
• Investors should focus on Remaining Performance Obligations (RPOs) as a critical indicator of future revenue streams.
• RGTI stock has declined over 21% year-to-date but maintains a 116% gain over the trailing 52-week period.
• The consensus rating stands at Moderate Buy with an average analyst price target of $38.75.

Rigetti Computing is scheduled to release its fourth-quarter fiscal 2025 financial results following today’s market close on March 4, 2026.

Rigetti Computing, Inc., RGTI

Analysts are projecting a per-share loss ranging from $0.03 to $0.04. This would mark a significant improvement compared to the $0.08 loss recorded during the same quarter last year.

Revenue projections hover around $2.33 million, representing approximately 2.6% growth year-over-year. While this increase appears modest, it’s important to consider that Q3 2025 witnessed a revenue decline of nearly 18% compared to the prior year.

The company’s net margin currently stands at -10,321.93%, a reflection of its pre-profitability status and substantial investment in research and development. Return on equity sits at -43.45%, while return on assets registers at -31.72%.

On a positive note, Rigetti maintains a conservative balance sheet with minimal debt. The company’s debt-to-equity ratio of just 0.02 falls well below industry benchmarks.

Heading into the earnings announcement, RGTI stock was trading in the $16.79–$17.69 range. Shares have declined more than 21% year-to-date, caught in a broader technology sector correction driven by valuation concerns.

However, looking at the 52-week performance, RGTI has surged 116%. Long-term shareholders continue to enjoy substantial gains.

The Metric That Matters Most

For Rigetti, the most critical figure investors and analysts will scrutinize is Remaining Performance Obligations, commonly known as RPOs.

RPOs measure the dollar value of contracted services that have yet to be fulfilled. For a quantum computing company like Rigetti, which provides access to quantum processing units (QPUs) and cloud-based quantum services, this metric reveals the strength of its committed future revenue pipeline.

RPOs experienced a dip during early 2025 but have since demonstrated recovery. A robust RPO figure in today’s report would indicate customers are committing to extended service agreements rather than sporadic, one-time purchases.

Hardware Delays in Focus

Rigetti postponed the deployment of its 108-qubit Cepheus-1-108Q system, pushing the launch to the conclusion of Q1 FY2026. Investors will be looking for confirmation that this revised timeline remains achievable.

The company had also previously pledged to deliver a 100+ qubit chiplet-based quantum computing system featuring 99.5% median two-qubit gate fidelity by the end of 2025. Whether Rigetti successfully met this technical milestone — or fell short — will likely be a focal point during today’s earnings conference call.

Historical earnings reactions for RGTI have been unpredictable. During Q3 2025, Rigetti exceeded EPS expectations by $0.01, yet shares fell 5.08% the following trading session. Conversely, in Q2 2025, an earnings miss resulted in a 6.42% stock price increase. The correlation between earnings surprises and price action remains inconsistent for this stock.

Seven analysts currently cover RGTI, with five issuing Buy ratings and two maintaining Hold ratings. The consensus price target of $38.75 suggests potential upside of approximately 128% from current trading levels.

Rigetti’s Q4 FY2025 earnings announcement is scheduled for release after the market closes today, March 4, 2026.

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