Rigetti Computing (RGTI) Stock Reports Earnings Today — Can It Turn the Corner?
TLDR
Rigetti Computing reports Q4 FY2025 earnings after market close today, March 4, 2026.
Analysts expect a loss of $0.03–$0.04 per share, with revenue forecast around $2.33 million, up ~2.6% year-over-year.
Remaining Performance Obligations (RPOs) are the key metric to watch as a signal of future revenue health.
RGTI stock is down more than 21% year-to-date, though it’s up 116% over the past 52 weeks.
Analysts hold a Moderate Buy consensus with an average price target of $38.75.
Rigetti Computing is set to report its fourth-quarter fiscal 2025 results after the closing bell today, March 4, 2026.
Rigetti Computing, Inc., RGTI
Wall Street expects a loss of $0.03 to $0.04 per share. That would be an improvement from the $0.08 loss reported in Q4 2024.
Revenue is forecast at around $2.33 million, up roughly 2.6% from a year ago. That’s a modest gain, but context matters — Q3 2025 saw revenue fall nearly 18% year-over-year.
The company’s net margin sits at -10,321.93%, which reflects the reality of a pre-profit firm with heavy R&D spending. ROE is -43.45% and ROA is -31.72%.
On the brighter side, Rigetti carries very little debt. Its debt-to-equity ratio is just 0.02, well below the industry average.
RGTI stock was trading around $16.79–$17.69 heading into the report. The stock is down more than 21% year-to-date, following a broader tech selloff tied to valuation concerns.
Over the past 52 weeks though, RGTI is up 116%. Long-term holders are still sitting on strong gains.
The Metric That Matters Most
For Rigetti, Remaining Performance Obligations — or RPOs — are the number analysts and investors will focus on most.
RPOs represent the value of contracted work that hasn’t yet been delivered. For a company like Rigetti, which sells access to quantum processing units (QPUs) and cloud services, this figure shows how much committed revenue is sitting in the pipeline.
RPOs dipped in early 2025 but have since recovered. A strong reading today would signal that customers are locking in longer-term deals, not just one-off purchases.
Hardware Delays in Focus
Rigetti pushed back the launch of its 108-qubit Cepheus-1-108Q system to the end of Q1 FY2026. Investors will want to know if that timeline is still on track.
The company also previously committed to delivering a 100+ qubit chiplet-based quantum system with 99.5% median two-qubit gate fidelity by end of 2025. Whether that target was met — or missed — is likely to come up on today’s earnings call.
Past earnings have produced mixed stock reactions. In Q3 2025, Rigetti beat EPS estimates by $0.01, yet the stock dropped 5.08% the next day. In Q2 2025, a miss led to a 6.42% gain. The relationship between beats, misses, and price movement here isn’t straightforward.
Five analysts rate RGTI a Buy, two rate it a Hold. The average price target is $38.75, implying upside of around 128% from recent levels.
Rigetti’s Q4 FY2025 earnings report is due after market close today, March 4, 2026.
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Filed under: News - @ March 4, 2026 1:25 pm