Key Takeaways
- Rigetti Computing’s Q4 FY2025 earnings will be released after market hours on March 4, 2026.
- Wall Street consensus projects a $0.03 per share loss with revenue reaching $2.33 million.
- Year-to-date, RGTI stock has declined over 21%, though it climbed 9.4% in the past week.
- IonQ’s impressive Q4 performance has boosted optimism throughout the quantum computing industry, benefiting RGTI.
- Remaining Performance Obligations (RPOs) will be the critical metric indicating future revenue potential.
Rigetti Computing (RGTI) will unveil its fourth-quarter fiscal 2025 financial results following Wednesday’s closing bell on March 4. The timing comes as investors navigate mixed signals — while RGTI shares have dropped more than 21% since the start of the year, recent trading sessions have shown signs of recovery.
During the week concluded on March 1, the stock posted a 9.4% gain, contrasting sharply with the S&P 500’s 0.4% decline and the Nasdaq’s 1% drop. This performance reversal stands out, particularly because it wasn’t driven by company-specific announcements from Rigetti itself.
The catalyst came from IonQ, which released its Q4 financials on February 25. The quantum computing competitor delivered a non-GAAP loss of $0.20 per share alongside revenue of $61.89 million. Wall Street had anticipated a deeper loss of $0.23 per share and lower revenue of just $40.38 million. The significant earnings beat created positive momentum throughout the sector.
Adding to the optimism, IonQ projected fiscal 2026 revenue between $225 million and $245 million, substantially exceeding analyst expectations of $192.6 million. Such bullish forward guidance typically creates a rising tide effect across related companies, with Rigetti riding that wave.
The spotlight now shifts to Rigetti’s own performance.
Analyst consensus calls for a Q4 loss of $0.03 per share, representing an improvement from the $0.08 per share loss recorded in the year-ago period. Revenue projections stand at $2.33 million, reflecting approximately 2.6% year-over-year growth. While these figures appear modest in absolute terms, the trajectory is what counts for growth-stage companies.
Why Remaining Performance Obligations Matter Most
For companies like Rigetti that haven’t yet reached profitability, Remaining Performance Obligations (RPOs) often provide more insight than quarterly revenue alone. RPOs quantify the dollar value of contracted commitments that remain unfulfilled — functioning as a forward indicator of secured business pipeline.
Rigetti experienced a decline in RPOs during early 2025, though the metric has rebounded since. Market participants will scrutinize whether this upward trend maintains momentum or loses steam.
These obligations encompass agreements for quantum processing units, cloud-based quantum computing access, and associated service offerings. For an organization investing heavily in research and development, RPO trends reveal whether customers are making substantial, multi-year commitments.
Hardware Timeline Questions Persist
Another topic weighing on investor sentiment involves hardware delivery schedules. Rigetti postponed the rollout of its 108-qubit Cepheus-1-108Q system until the conclusion of Q1 FY2026.
Additionally, the company pledged to ship a 100+ qubit chiplet-based quantum system achieving 99.5% median two-qubit gate fidelity before 2025 ended. Whether this milestone was achieved — or what progress update management provides — will likely feature prominently during the earnings conference call.
Wall Street analysts maintain cautiously optimistic views entering this report. According to TipRanks, RGTI holds a Moderate Buy consensus rating, comprised of five Buy recommendations and two Hold ratings. The average analyst price target stands at $38.75, suggesting potential upside exceeding 120% from the current price level near $17.52.
The stock has traded within a 52-week range spanning $6.86 to $58.15, positioning today’s valuation approximately midway through that band. Substantial gains from the peak have been surrendered.
Rigetti’s Q4 earnings announcement and subsequent conference call are slated for after market close on 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
