TLDR
- Rigetti Computing releases Q4 FY2025 financial results following market close on March 4, 2026.
- Wall Street projects a per-share loss between $0.03 and $0.04, with revenue estimates near $2.33 million, representing approximately 2.6% annual growth.
- Investors will closely monitor Remaining Performance Obligations (RPOs) as a crucial indicator of upcoming revenue streams.
- Shares have declined over 21% in 2026 thus far, despite posting 116% gains across the trailing twelve months.
- Consensus rating stands at Moderate Buy, with analysts setting a mean price target at $38.75.
Rigetti Computing prepares to unveil its fiscal 2025 fourth-quarter performance metrics following today’s market closure on March 4, 2026.
Analyst consensus anticipates losses ranging from $0.03 to $0.04 per share. This projection represents meaningful progress compared to the $0.08 per-share deficit recorded during Q4 2024.
Revenue projections hover around $2.33 million, marking approximately 2.6% year-over-year expansion. While the growth rate appears modest, it’s important to consider that Q3 2025 experienced a revenue contraction approaching 18% annually.
The firm’s net margin currently registers at -10,321.93%, characteristic of emerging technology companies prioritizing research and development over immediate profitability. Return on equity stands at -43.45%, while return on assets measures -31.72%.
One positive indicator: Rigetti maintains minimal debt obligations. The company’s debt-to-equity ratio of just 0.02 significantly undercuts industry benchmarks.
RGTI stock hovered between $16.79 and $17.69 approaching the earnings announcement. Shares have retreated more than 21% year-to-date amid widespread technology sector volatility driven by valuation reassessments.
However, the 52-week performance tells a different story, with RGTI posting 116% gains. Long-term shareholders maintain substantial unrealized profits.
The Critical Performance Indicator
For Rigetti, Remaining Performance Obligations — commonly abbreviated as RPOs — represent the single most important metric market watchers will scrutinize.
RPOs quantify the dollar value of secured contracts awaiting fulfillment. For an organization like Rigetti, which commercializes quantum processing unit (QPU) access and cloud-based services, this metric reveals the magnitude of guaranteed future revenue.
RPO figures experienced a temporary decline during early 2025 but subsequently rebounded. A robust RPO announcement today would demonstrate that clients are committing to extended partnerships rather than sporadic transactions.
Hardware Timeline Questions Loom
Rigetti delayed its 108-qubit Cepheus-1-108Q system rollout until the conclusion of Q1 FY2026. Investors will seek confirmation regarding whether this revised schedule remains achievable.
Additionally, the company previously pledged to deploy a 100+ qubit chiplet-architecture quantum system achieving 99.5% median two-qubit gate fidelity before 2025 concluded. Whether Rigetti achieved — or fell short of — this benchmark will likely surface during today’s conference call.
Historical earnings responses have proven unpredictable. During Q3 2025, Rigetti exceeded EPS projections by $0.01, yet shares declined 5.08% the following session. Conversely, Q2 2025’s earnings miss triggered a 6.42% rally. The correlation between estimate performance and stock movement remains inconsistent.
Seven analysts currently cover RGTI: five assign Buy ratings while two recommend Hold. The consensus price target of $38.75 suggests potential upside approximating 128% from current trading levels.
Rigetti’s Q4 FY2025 financial disclosure arrives after market close today, March 4, 2026.
