TLDR
- Rigetti Computing releases Q4 FY2025 earnings after the market closes today, March 4, 2026.
- Wall Street anticipates a per-share loss between $0.03 and $0.04, with revenues projected at approximately $2.33 million, representing a ~2.6% annual increase.
- Remaining Performance Obligations (RPOs) will serve as the critical indicator of the company’s future revenue trajectory.
- RGTI shares have declined over 21% year-to-date, despite posting 116% gains over the past year.
- Wall Street consensus leans toward Moderate Buy with a mean price target at $38.75.
Rigetti Computing is scheduled to unveil its fourth-quarter fiscal 2025 financial performance following today’s market close on March 4, 2026.
Analyst consensus points to 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 Q4 2024.
Revenue projections hover around $2.33 million, marking approximately a 2.6% year-over-year uptick. While the growth appears modest, it’s worth noting that Q3 2025 witnessed revenue contract by nearly 18% annually.
The firm’s net margin stands at -10,321.93%, which underscores the financial profile of an unprofitable company investing heavily in research and development. Return on equity registers at -43.45%, while return on assets comes in at -31.72%.
On a positive note, Rigetti maintains minimal debt exposure. Its debt-to-equity ratio of just 0.02 falls substantially below industry benchmarks.
RGTI shares were hovering between $16.79 and $17.69 ahead of the earnings announcement. The stock has tumbled more than 21% since the start of the year, caught in a broader technology sector correction driven by valuation anxieties.
However, looking at the trailing 52-week period, RGTI has surged 116%. Investors who established positions earlier are still enjoying substantial returns.
The Metric That Matters Most
For Rigetti, Remaining Performance Obligations — commonly abbreviated as RPOs — will draw the most attention from analysts and market participants.
RPOs quantify the total value of contracted obligations yet to be fulfilled. For a business like Rigetti, which provides access to quantum processing units (QPUs) alongside cloud-based services, this metric reveals how much guaranteed revenue exists in the backlog.
RPOs experienced a decline during early 2025 but have subsequently rebounded. A robust RPO figure today would demonstrate that clients are committing to extended contracts rather than making isolated purchases.
Hardware Delays in Focus
Rigetti postponed the rollout of its 108-qubit Cepheus-1-108Q system until the conclusion of Q1 FY2026. Market participants will seek confirmation regarding whether this revised schedule remains achievable.
The company had also made prior commitments to deliver a 100+ qubit chiplet-based quantum system featuring 99.5% median two-qubit gate fidelity by the close of 2025. Whether this milestone was achieved — or fell short — will likely surface during today’s conference call.
Historical earnings reactions have been unpredictable. During Q3 2025, Rigetti exceeded EPS projections by $0.01, yet shares declined 5.08% the following session. In Q2 2025, an earnings miss paradoxically triggered a 6.42% rally. The correlation between results and stock performance remains inconsistent.
Seven analysts maintain coverage: five rate RGTI as a Buy, while two assign Hold ratings. The consensus price target sits at $38.75, suggesting potential upside of approximately 128% from current trading levels.
Rigetti’s Q4 FY2025 earnings announcement is scheduled for after the market close today, March 4, 2026.
