Companies /Technology

Rigetti Computing Inc

NASDAQ: RGTI Computer Hardware
$16.44
â–² $0.50 (+3.14%) today
Markets closed · 10:48pm ET

Q4 2025 Earnings

Reported Mar 4, 2026, 11:05am ET · SEC source
$-0.03
Beat +5.36%
EPS · est. $-0.03
$1.9M
Miss −19.71%
Revenue · est. $2.3M
−15.2%
Trailing market
RGTI vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−8%−4%0Mar 4Mar 5report 11:05am ETearnings−0.8%−3.3%
−8%−4%0Mar 4Mar 5earnings−0.8%−3.3%
RGTI −3.3%S&P 500 −0.8%
−8%−4%0Mar 4Mar 5report 11:05am ETearnings−0.4%−3.3%
−8%−4%0Mar 4Mar 5earnings−0.4%−3.3%
RGTI −3.3%NASDAQ −0.4%
−8%−4%0Mar 3Mar 12report 11:05am ETearnings−2.6%−7.7%
−8%−4%0Mar 3Mar 12earnings−2.6%−7.7%
RGTI −7.7%S&P 500 −2.6%
−8%−4%0Mar 3Mar 12report 11:05am ETearnings−2.0%−7.7%
−8%−4%0Mar 3Mar 12earnings−2.0%−7.7%
RGTI −7.7%NASDAQ −2.0%
−4.45%
Day of report
+0.24%
Next session
−5.30%
One week
−18.44%
30 days

S&P 500 over the same 30 days: −3.24%.

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 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 <a href="https://247wallst.com/investing/2026/03/04/live-rigetti-computing-reports-q4-earnings-tonight/">investor attention heading into the print</a>. 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

“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.”

Rigetti Computing CEO, on the earnings call

Forward Guidance & Outlook

Rigetti anticipates significant first-quarter 2026 year-over-year revenue growth, driven by a portion of the previously announced $5.7 million Novera on-premises system purchase orders expected to ship in Q1. The company remains focused on executing its roadmap, including the deployment of its 108-qubit system at 99.5% median two-qubit gate fidelity and advancing toward larger-scale systems. An approximately $8.4 million C-DAC 108-qubit system order is expected to be deployed in the second half of 2026. A Novera QPU delivery to a Japanese research organization is expected in April 2026.

RGTI YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$-27,000,000$-18,000,000$-9,000,000$0$2.3M$1.9MRevenue$1.0M$652,000Gross Profit$-29,041,254$-22,597,000Operating Income$-9,679,426$-18,207,000Net Income
$-27,000,000$-18,000,000$-9,000,000$0RevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.