When is the earnings report for Rigetti Computing (RGTI)? The highly anticipated fourth-quarter and full-year 2024 financial results for Rigetti Computing (NASDAQ: RGTI) are set to be released on March 5, 2025 and you can follow them on their Rigetti’s Investor Relations . As a leader in the quantum computing industry, Rigetti continues to make strides in advancing its technology while investors eagerly await updates on its financial performance and strategic direction.
Why Rigetti Computing’s Earnings Matter
Quantum computing is no longer a futuristic concept—it’s here, and companies like Rigetti Computing are at the forefront of innovation. With increasing competition from tech giants like IBM and Google, Rigetti’s quarterly and annual results provide a crucial insight into the company’s progress in the race to achieve quantum advantage. The competition is fierce, so you might be interested in one of the other candidates, we recommend you have a look on the Top 10 Stocks for the long term in Quantum Computing industry.
The Q4 earnings report will give investors key information about revenue growth, research and development spending, commercial adoption of Rigetti’s quantum solutions, and any strategic partnerships that could accelerate growth in 2025 and beyond.
Key Metrics to Watch in Rigetti’s Q4 2024 Report
1. Revenue and Earnings per Share (EPS)
One of the most critical figures in Rigetti’s upcoming earnings report is revenue. Analysts expect Q4 2024 revenue to be around $2.4 million, marking a 28.99% decrease from the same quarter last year. This decline could be attributed to a shift in focus toward long-term R&D rather than immediate commercialisation.
On the earnings side, the consensus estimate is for a loss of $0.08 per share, which would be an 11.11% improvement compared to Q4 2023. This suggests that while Rigetti is not yet profitable, it may be successfully managing its expenses and making progress toward a more sustainable financial model.
2. Full-Year 2024 Performance
Beyond the Q4 figures, investors will also be closely examining Rigetti’s full-year 2024 performance. The company has been investing heavily in its quantum hardware and software capabilities, so the full-year revenue and net loss figures will provide a more comprehensive view of how well those investments are translating into financial growth.
3. Research and Development Spending
Rigetti Computing’s success hinges on its ability to advance quantum technology. In Q3 2024, the company reported significant R&D spending aimed at achieving 99.5% median 2-qubit fidelity and developing a modular quantum system. The upcoming earnings report should shed light on whether this investment is yielding tangible results.
Investors will want to see whether Rigetti is striking the right balance between spending on innovation and maintaining financial discipline.
Strategic Updates to Watch For
1. Rigetti’s Modular Quantum Computing Roadmap
One of the most exciting aspects of Rigetti’s future is its modular system architecture, which is expected to scale to over 100 qubits by the end of 2025. Investors will be looking for updates on the mid-2025 release of Rigetti’s 36-qubit system and whether the company remains on track to achieve its high-fidelity quantum computing milestones.
2. Commercial Adoption and Strategic Partnerships
While quantum computing is still in its early stages, commercial adoption is a key factor in Rigetti’s long-term success. Investors will want to know whether Rigetti has secured new clients, particularly in government contracts, financial services, and healthcare, where quantum computing has significant potential.
Any announcements regarding new partnerships—especially with major corporations or government agencies—could signal increased confidence in Rigetti’s technology and business model.
We did at the start of the year a little bit of a review on Rigetti Computing stock providing some outlook, reviewing recent deals and stock & analyst perspectives.
3. Competitive Positioning vs. IBM, Google, and Others
The quantum computing industry is highly competitive, with IBM, Google, and IonQ (a pure-play Quantum Computing stock) all making significant strides in their own quantum technologies. Rigetti’s earnings call could provide insights into how it plans to differentiate itself in this growing market.
4. Outlook for 2025 and Beyond
Beyond Q4 and full-year 2024, Rigetti’s management will likely provide guidance on 2025 revenue expectations, upcoming product launches, and progress toward commercial quantum applications. Any optimistic guidance could give the stock a boost, while cautious commentary may cause short-term volatility. The stock is currently suffering a nearly 50% loss on the last month with a stock price of $7.70, however there are bullish price targets of $17 to come back to its highest levels.
Market Reaction and Stock Performance
Rigetti’s stock has experienced high volatility in recent months, as investors weigh the long-term potential of quantum computing against the company’s near-term financial challenges. Leading up to the earnings announcement, the stock may see increased trading activity as investors speculate on the results.
If Rigetti beats revenue or EPS expectations, it could drive bullish momentum, especially if the company provides strong forward guidance. Conversely, if the results miss expectations or highlight slower-than-expected progress, the stock could face downward pressure. The issue might be in the current environment in the stock market which looks bearish for high tech companies with the uncertainty of tariffs imposed by US.
Conclusion: What Investors Should Watch for on March 5
Rigetti Computing’s Q4 2024 earnings report will be a crucial moment for the company and its investors. With quantum computing advancing rapidly, Rigetti needs to demonstrate both technological progress and a clear path toward commercialisation.
Key takeaways to watch for:
- Revenue performance and EPS—how well is Rigetti managing its finances?
- Updates on the quantum roadmap—is the company on track with its hardware and software development?
- Strategic partnerships and commercial adoption—are more businesses and governments adopting Rigetti’s technology?
- Competitive positioning—how does Rigetti stack up against major players like IBM and Google?
- Guidance for 2025 and beyond—does the company have a clear vision for growth and profitability?
With the results expected on March 5, 2025, investors should stay tuned for Rigetti’s earnings release and conference call, where management will provide more insights into the company’s performance and future outlook, we will try to cover the earnings and do another article after the call with the information released.
Whether you’re bullish or cautious about Rigetti’s stock, one thing is certain: the quantum computing revolution is accelerating, and Rigetti remains a key player to watch in this space.
