As of Q4'25, RGTI's EV/Sales ratio stands at 3.65K, marking a significant increase from previous quarters. This latest data point highlights a sharp rise compared to Q3'25, when the ratio was 5.60K, indicating a substantial expansion in the company's valuation relative to its sales. Analyzing the period from Q1'23 to Q4'25, the EV/Sales ratio exhibits pronounced volatility with a general upward trend. After fluctuating between 34.6 and 121.4 from Q1'23 to Q3'24, the metric surged dramatically starting in Q4'24, reaching 1.15K and peaking at 5.60K in Q3'25 before a slight pullback in Q4'25. This pattern suggests significant shifts in market expectations or sales performance, with the most notable inflection occurring in late 2024 and throughout 2025.