TLDR
- Rigetti Computing announces Q4 FY2025 financial results after the market closes on March 4, 2026.
- Wall Street consensus estimates a per-share loss between $0.03 and $0.04, with projected revenue of approximately $2.33 million, reflecting a ~2.6% annual increase.
- Remaining Performance Obligations (RPOs) serve as the critical indicator for assessing future revenue trajectory.
- RGTI stock has declined over 21% in 2026 year-to-date, despite posting a 116% gain over the trailing twelve months.
- The stock carries a Moderate Buy rating from analysts with a consensus price target of $38.75.
Rigetti Computing prepares to unveil its fourth-quarter fiscal year 2025 financial performance following today’s market close on March 4, 2026.
Analyst projections point to an earnings per share loss ranging from $0.03 to $0.04. This represents a significant improvement compared to the $0.08 per share loss recorded during the same quarter last year.
Top-line revenue expectations hover around $2.33 million, marking approximately 2.6% growth year-over-year. While this increase appears modest, it’s important to consider that Q3 2025 witnessed a nearly 18% revenue decline compared to the prior year period.
The quantum computing firm currently operates with a net margin of -10,321.93%, which is characteristic of early-stage technology companies investing heavily in research and development. Return on equity stands at -43.45%, while return on assets registers at -31.72%.
A positive highlight: Rigetti maintains minimal leverage. The company’s debt-to-equity ratio of just 0.02 sits significantly below industry benchmarks.
RGTI stock traded within the $16.79–$17.69 range prior to the earnings announcement. Shares have retreated more than 21% year-to-date amid a broader technology sector correction driven by valuation recalibration.
However, the longer-term perspective reveals RGTI has climbed 116% over the past year. Investors who held positions throughout that period continue to enjoy substantial returns.
The Metric That Matters Most
For Rigetti, the Remaining Performance Obligations metric — commonly abbreviated as RPOs — will command the most attention from market participants and analysts.
RPOs quantify the dollar value of contracted services yet to be fulfilled. Given that Rigetti’s business model centers on providing quantum processing unit (QPU) access and cloud-based quantum computing services, this figure illuminates the strength of the company’s committed revenue backlog.
RPOs experienced a decline in early 2025 before staging a recovery. A robust RPO figure in today’s report would demonstrate that enterprise customers are committing to extended contracts rather than sporadic, transactional purchases.
Hardware Delays in Focus
Rigetti announced a postponement of its 108-qubit Cepheus-1-108Q system launch, now targeting the conclusion of Q1 FY2026. Shareholders will seek clarification on whether this revised timeline remains achievable.
The company had also pledged to deliver a chiplet-based quantum system featuring 100+ qubits with 99.5% median two-qubit gate fidelity by the end of 2025. Whether Rigetti successfully achieved this technical milestone — or fell short — will likely be addressed during the earnings conference call.
Historical earnings reactions have proven unpredictable. During Q3 2025, Rigetti exceeded EPS expectations by $0.01, yet shares declined 5.08% in the subsequent trading session. Conversely, in Q2 2025, an earnings miss was followed by a 6.42% stock price increase. This pattern suggests market reaction depends on factors beyond simple beat-or-miss dynamics.
Analyst sentiment includes five Buy ratings and two Hold ratings. The consensus price target of $38.75 suggests potential upside of approximately 128% from current trading levels.
Rigetti’s fourth-quarter fiscal 2025 earnings release is scheduled for after market close today, March 4, 2026.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
