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Q4 25 EPS
$-0.03
BEAT +5.36%
Est. $-0.03
Q4 25 Revenue
$1.9M
MISS 19.71%
Est. $2.3M
vs S&P Since Q4 25
-0.2%
TRAILING MARKET
RGTI +7.7% vs S&P +7.9%
Full Year 2025 Results
FY 25 EPS
$-0.16
MISS 10.34%
Est. $-0.15
FY 25 Revenue
$7.1M
MISS 6.80%
Est. $7.6M
Market Reaction
Did RGTI Beat Earnings? Q4 2025 Results
Rigetti Computing closed out fiscal 2025 on a difficult note, posting Q4 revenue of just $1.87 million, a 17.9% decline year-over-year and a 21.68% miss against the $2.39 million consensus, as the quantum computing pioneer continues to navigate the g… Read more Rigetti Computing closed out fiscal 2025 on a difficult note, posting Q4 revenue of just $1.87 million, a 17.9% decline year-over-year and a 21.68% miss against the $2.39 million consensus, as the quantum computing pioneer continues to navigate the gap between technological ambition and commercial traction. The company reported a Q4 loss of $0.03 per share, while its full-year revenue fell sharply to $7.09 million from $10.79 million in 2024, reflecting sluggish near-term demand even as R&D spending climbed to $61.34 million for the year. The top-line shortfall was driven in part by the timing of hardware deployments, a dynamic that dominated investor attention heading into the print. Still, Rigetti enters 2026 with a notably stronger footing: cash and investments stood at $589.83 million at year-end, and management guided for significant Q1 2026 year-over-year revenue growth, anchored by Novera system shipments and an $8.4 million C-DAC order for a 108-qubit system slated for deployment in the second half of the year.
Key Takeaways
- • On-premises quantum system sales to government and research institutions
- • Novera on-premises system and QPU purchase orders
- • Vertically integrated full-stack development approach enabling faster iteration
RGTI YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“In 2025, we made great progress across fidelity, scale, and system architecture. Our focus continues to be on achieving practical quantum advantage, and over the past year we validated key elements of our strategy, including improved two-qubit gate fidelity across both monolithic and chiplet-based systems and continued momentum in scaling our superconducting quantum technology. A critical enabler of this progress is our vertically integrated, full-stack development approach, where tightly coupled design, fabrication, and testing allow us to iterate faster, protect proprietary IP, and drive performance improvements as we scale beyond 100 qubits.”
— Subodh Kulkarni, Q4 2025 Earnings Press Release
RGTI Earnings Trends
RGTI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RGTI EPS Trend
Earnings per share: estimate vs actual
RGTI Revenue Trend
Quarterly revenue: estimate vs actual
RGTI Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 BEAT | $-0.04 | $-0.04 | +6.76% | $4.4M | +6.60% |
| Q4 25 BEAT FY | $-0.03 | $-0.03 | +5.36% | $1.9M | -19.71% |
| FY Full Year | $-0.15 | $-0.16 | -10.34% | $7.1M | -6.80% |
| Q3 25 BEAT | $-0.04 | $-0.03 | +25.00% | $1.9M | -10.28% |
| Q2 25 MISS | $-0.04 | $-0.13 | -225.00% | $1.8M | -3.85% |
| Q1 25 BEAT | $-0.04 | $0.13 | +425.00% | $1.5M | -42.29% |