NASDAQ : RXT
Rackspace Technology, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 2.62 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 667.77M
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Financial statements
Rackspace Technology, Inc. (RXT) reported revenue of 2.70B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.70B | 2.69B | 2.74B | 2.96B | 3.12B | 3.01B |
| Cost of Revenue | 2.20B | 2.17B | 2.18B | 2.31B | 2.25B | 2.03B |
| Gross Profit | 501.30M | 516.10M | 555.00M | 649.60M | 868.50M | 977.00M |
| Selling, General & Admin | 494.30M | 531.70M | 603.20M | 665.90M | 749.90M | 726.50M |
| Research & Development | 39.10M | 39.10M | 45.40M | 43.70M | 24.50M | 28.30M |
| Operating Expenses | 544.60M | 582.00M | 666.90M | 718.80M | 785.40M | 759.80M |
| Operating Income | -43.30M | -65.90M | -111.90M | -69.20M | 83.10M | 217.20M |
| Interest Expense | -102.40M | -82.70M | -98.00M | -221.60M | -208.50M | -205.10M |
| Currency Exchange Gain (Loss) | -1.30M | -1.20M | -2.40M | 3.90M | -10.10M | 2.10M |
| Other Non Operating Income (Expenses) | -16.80M | -17.50M | -19.30M | -8.90M | 100.00K | -3.10M |
| EBT Excluding Unusual Items | -163.80M | -167.30M | -231.60M | -295.80M | -135.40M | 11.10M |
| Merger & Restructuring Charges | -44.70M | -34.80M | -63.70M | -74.00M | -75.60M | -187.20M |
| Impairment of Goodwill | -714.90M | -708.80M | -534.50M | -52.40M | ||
| Gain (Loss) on Sale of Investments | 100.00K | 300.00K | 100.00K | 300.00K | -200.00K | -3.00M |
| Gain (Loss) on Sale of Assets | 19.90M | |||||
| Asset Writedown | -20.00M | -52.20M | -146.10M | |||
| Other Unusual Items | 62.30M | 147.20M | 271.00M | -5.90M | -37.50M | |
| Pretax Income | -146.10M | -201.80M | -881.50M | -854.40M | -897.70M | -249.10M |
| Income Tax Expense | 12.90M | 24.00M | -23.30M | -16.60M | -92.90M | -30.80M |
| Net Income | -159.00M | -225.80M | -858.20M | -837.80M | -804.80M | -218.30M |
| Net Income to Common | -159.00M | -225.80M | -858.20M | -837.80M | -804.80M | -218.30M |
| Shares Outstanding (Basic) | 245.30M | 238.70M | 224.80M | 215.30M | 211.20M | 208.00M |
| Shares Outstanding (Diluted) | 245.30M | 238.70M | 224.80M | 215.30M | 211.20M | 208.00M |
| EPS (Basic) | -0.65 | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 |
| EPS (Diluted) | -0.65 | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 |
| Free Cash Flow | 41.00M | 90.60M | -71.20M | 278.00M | 166.30M | 262.40M |
| Free Cash Flow Per Share | 0.17 | 0.38 | -0.32 | 1.29 | 0.79 | 1.26 |
| Gross Margin | 18.55% | 19.22% | 20.28% | 21.97% | 27.82% | 32.46% |
| Operating Margin | -1.60% | -2.45% | -4.09% | -2.34% | 2.66% | 7.22% |
| Profit Margin | -5.88% | -8.41% | -31.35% | -28.33% | -25.78% | -7.25% |
| Free Cash Flow Margin | 1.52% | 3.37% | -2.60% | 9.40% | 5.33% | 8.72% |
| EBITDA | 247.80M | 232.40M | 183.50M | 300.50M | 470.90M | 642.00M |
| EBITDA Margin | 9.17% | 8.65% | 6.70% | 10.16% | 15.08% | 21.33% |
| D&A For EBITDA | 291.10M | 298.30M | 295.40M | 369.70M | 387.80M | 424.80M |
| EBIT | -43.30M | -65.90M | -111.90M | -69.20M | 83.10M | 217.20M |
| EBIT Margin | -1.60% | -2.45% | -4.09% | -2.34% | 2.66% | 7.22% |
| Advertising Expenses | 22.80M | 26.40M | 27.60M | 34.40M | 34.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 110.60M | 105.80M | 144.00M | 196.80M | 228.40M | 272.80M |
| Trading Asset Securities | 4.00M | 39.60M | 47.00M | 44.30M | 1.50M | |
| Cash & Short-Term Investments | 110.60M | 109.80M | 183.60M | 243.80M | 272.70M | 274.30M |
| Receivables | 284.70M | 270.30M | 305.00M | 350.40M | 638.20M | 569.50M |
| Prepaid Expenses | 96.00M | 84.40M | 84.90M | 87.40M | 97.30M | 110.00M |
| Other Current Assets | 64.60M | 53.30M | 45.30M | 56.50M | 65.00M | 35.70M |
| Total Current Assets | 555.90M | 517.80M | 618.80M | 738.10M | 1.07B | 989.50M |
| Property, Plant & Equipment | 694.50M | 740.90M | 735.60M | 735.10M | 766.30M | 988.50M |
| Long-Term Investments | 6.60M | 36.80M | 80.50M | 23.60M | ||
| Goodwill | 738.70M | 740.10M | 735.70M | 1.45B | 2.16B | 2.71B |
| Other Intangible Assets | 635.80M | 698.30M | 844.70M | 1.02B | 1.24B | 1.47B |
| Long-Term Accounts Receivable | 3.00M | 3.50M | 6.40M | 8.60M | 10.40M | 13.10M |
| Long-Term Deferred Charges | 44.70M | 47.10M | 52.30M | 55.40M | 73.50M | 81.50M |
| Other Long-Term Assets | 72.70M | 35.00M | 39.00M | 38.00M | 49.90M | 59.20M |
| Total Assets | 2.75B | 2.80B | 3.05B | 4.10B | 5.46B | 6.33B |
| Accounts Payable | 394.80M | 413.90M | 389.60M | 432.70M | 447.30M | 369.50M |
| Accrued Expenses | 72.50M | 90.80M | 104.10M | 92.70M | 131.60M | 132.10M |
| Current Portion of Long-Term Debt | 34.90M | 44.30M | 62.90M | 54.30M | 57.00M | 93.30M |
| Current Portion of Leases | 110.80M | 102.70M | 109.00M | 121.80M | 121.70M | 125.00M |
| Current Unearned Revenue | 96.30M | 94.60M | 84.20M | 78.80M | 80.90M | 98.60M |
| Other Current Liabilities | 26.20M | 20.40M | 16.80M | 19.20M | 18.00M | 18.90M |
| Total Current Liabilities | 735.50M | 766.70M | 766.60M | 799.50M | 856.50M | 837.40M |
| Long-Term Debt | 2.80B | 2.76B | 2.80B | 2.91B | 3.38B | 3.43B |
| Long-Term Leases | 363.60M | 381.90M | 370.90M | 382.60M | 395.30M | 459.90M |
| Long-Term Unearned Revenue | 3.30M | 2.60M | 2.00M | 5.30M | 8.60M | 13.60M |
| Long-Term Deferred Tax Liabilities | 47.00M | 34.70M | 30.20M | 79.20M | 126.70M | 205.80M |
| Other Long-Term Liabilities | 77.90M | 75.40M | 90.00M | 71.80M | 58.00M | 54.40M |
| Total Liabilities | 4.03B | 4.02B | 4.06B | 4.25B | 4.83B | 5.00B |
| Common Stock | 2.50M | 2.50M | 2.30M | 2.20M | 2.20M | 2.10M |
| Additional Paid-In Capital | 2.72B | 2.71B | 2.68B | 2.64B | 2.57B | 2.50B |
| Retained Earnings | -3.97B | -3.91B | -3.68B | -2.82B | -1.99B | -1.18B |
| Treasury Stock | -31.00M | -31.00M | -31.00M | -31.00M | -31.00M | |
| Comprehensive Income & Other | -2.10M | 7.50M | 24.10M | 60.30M | 71.40M | 6.90M |
| Shareholders' Equity | -1.28B | -1.22B | -1.00B | -154.50M | 629.50M | 1.33B |
| Total Liabilities & Equity | 2.75B | 2.80B | 3.05B | 4.10B | 5.46B | 6.33B |
| Total Debt | 3.31B | 3.29B | 3.34B | 3.47B | 3.96B | 4.11B |
| Net Cash (Debt) | -3.20B | -3.18B | -3.16B | -3.23B | -3.68B | -3.83B |
| Net Cash Per Share | -13.04 | -13.31 | -14.05 | -14.99 | -17.44 | -18.43 |
| Filing Date Shares Outstanding | 254.87M | 246.91M | 237.31M | 219.76M | 212.85M | 211.97M |
| Total Common Shares Outstanding | 251.70M | 245.30M | 229.10M | 217.40M | 212.60M | 211.20M |
| Working Capital | -179.60M | -248.90M | -147.80M | -61.40M | 216.70M | 152.10M |
| Book Value Per Share | -5.09 | -4.97 | -4.38 | -0.71 | 2.96 | 6.29 |
| Tangible Book Value | -2.66B | -2.66B | -2.58B | -2.63B | -2.76B | -2.85B |
| Tangible Book Value Per Share | -10.55 | -10.84 | -11.28 | -12.08 | -12.99 | -13.47 |
| Land | 21.20M | |||||
| Buildings | 411.70M | 119.60M | 118.70M | 121.50M | 116.30M | 215.90M |
| Machinery | 1.11B | 1.04B | 1.02B | 1.01B | 954.50M | 1.07B |
| Construction In Progress | 7.10M | 7.00M | 10.80M | 16.90M | 15.20M | 12.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -159.00M | -225.80M | -858.20M | -837.80M | -804.80M | -218.30M |
| Depreciation & Amortization | 291.10M | 298.30M | 295.40M | 369.70M | 447.60M | 490.70M |
| Other Amortization | 6.10M | 6.00M | 2.20M | 7.90M | 8.00M | 8.80M |
| Loss (Gain) From Sale of Assets | -19.90M | |||||
| Asset Writedown & Restructuring Costs | -2.10M | -2.10M | 732.70M | 760.00M | 683.80M | 52.40M |
| Loss (Gain) From Sale of Investments | -100.00K | -300.00K | -100.00K | -300.00K | 200.00K | 3.00M |
| Stock-Based Compensation | 40.10M | 45.10M | 63.40M | 65.40M | 69.50M | 75.40M |
| Provision & Write-off of Bad Debts | 6.80M | 6.10M | 19.50M | 9.00M | 12.40M | -2.00M |
| Other Operating Activities | 20.10M | 86.00M | -152.80M | -224.10M | -90.50M | 10.70M |
| Change in Accounts Receivable | -14.00M | 27.60M | 20.50M | 275.10M | -82.40M | -69.50M |
| Change in Accounts Payable | -34.40M | -26.40M | -22.20M | -44.20M | 69.80M | 88.10M |
| Change in Unearned Revenue | 28.80M | 10.40M | 2.40M | -5.80M | -21.60M | 21.60M |
| Change in Other Net Operating Assets | -79.40M | -73.50M | -62.90M | -45.30M | -70.20M | |
| Operating Cash Flow | 104.00M | 151.40M | 39.90M | 374.90M | 246.70M | 370.80M |
| Capital Expenditures | -63.00M | -60.80M | -111.10M | -96.90M | -80.40M | -108.40M |
| Sale of Property, Plant & Equipment | 16.90M | |||||
| Cash Acquisitions | -7.70M | |||||
| Sale (Purchase) of Real Estate | 31.30M | |||||
| Other Investing Activities | 3.30M | 2.40M | 7.60M | 900.00K | -9.80M | 8.10M |
| Investing Cash Flow | -59.70M | -58.40M | -86.60M | -96.00M | -97.90M | -69.00M |
| Long-Term Debt Issued | 155.00M | 275.00M | 50.00M | 2.84B | ||
| Long-Term Debt Repaid | -270.70M | -235.20M | -344.30M | -139.20M | -2.98B | |
| Net Debt Issued (Repaid) | -21.80M | -115.70M | 39.80M | -294.30M | -139.20M | -145.90M |
| Issuance of Common Stock | 400.00K | 500.00K | 900.00K | 1.30M | 3.70M | 61.10M |
| Repurchase of Common Stock | -1.60M | -2.00M | -4.30M | -1.00M | -31.00M | |
| Other Financing Activities | -11.70M | -17.40M | -39.40M | -18.80M | -20.50M | -47.40M |
| Financing Cash Flow | -34.70M | -134.60M | -3.00M | -312.80M | -187.00M | -132.20M |
| Foreign Exchange Rate Adjustments | -2.00M | 2.60M | -3.00M | 2.20M | -5.80M | -2.30M |
| Net Cash Flow | 7.60M | -39.00M | -52.70M | -31.70M | -44.00M | 167.30M |
| Free Cash Flow | 41.00M | 90.60M | -71.20M | 278.00M | 166.30M | 262.40M |
| Free Cash Flow Margin | 1.52% | 3.37% | -2.60% | 9.40% | 5.33% | 8.72% |
| Free Cash Flow Per Share | 0.17 | 0.38 | -0.32 | 1.29 | 0.79 | 1.26 |
| Levered Free Cash Flow | 186.64M | 247.93M | 149.11M | 416.15M | 339.73M | 507.26M |
| Unlevered Free Cash Flow | 244.54M | 293.61M | 208.16M | 546.75M | 462.04M | 626.65M |
| Cash Interest Paid | 102.30M | 82.80M | 103.60M | 213.90M | 177.90M | 178.50M |
| Cash Income Tax Paid | 13.00M | 8.30M | 10.80M | 11.90M | 10.50M | 5.50M |
| Change in Working Capital | -99.00M | -61.90M | -62.20M | 225.10M | -79.50M | -30.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 667.77M | 236.50M | 502.93M | 432.81M | 622.77M | 2.83B |
| Enterprise Value | 3.87B | 3.41B | 3.69B | 3.78B | 4.31B | 6.69B |
| Last Close Price | 2.62 | 0.97 | 2.21 | 2.00 | 2.95 | 13.47 |
| Forward PE | 34.75 | 34.75 | 34.75 | 28.92 | 12.57 | |
| PS Ratio | 0.25 | 0.09 | 0.18 | 0.15 | 0.20 | 0.94 |
| PB Ratio | -0.19 | -0.50 | -2.80 | 0.99 | 2.13 | |
| P/FCF Ratio | 16.29 | 2.61 | 1.56 | 3.75 | 10.78 | |
| P/OCF Ratio | 6.42 | 1.56 | 12.61 | 1.15 | 2.52 | 7.63 |
| PEG Ratio | 3.48 | 3.48 | 3.48 | 2.89 | 0.93 | |
| EV/Sales Ratio | 1.43 | 1.27 | 1.35 | 1.28 | 1.38 | 2.22 |
| EV/EBITDA Ratio | 15.60 | 14.66 | 20.09 | 12.59 | 9.14 | 10.41 |
| EV/EBIT Ratio | 51.82 | 30.78 | ||||
| EV/FCF Ratio | 94.28 | 37.61 | 13.61 | 25.89 | 25.48 | |
| Debt / Equity Ratio | -2.58 | -2.69 | -3.33 | -22.47 | 6.29 | 3.10 |
| Debt / EBITDA Ratio | 9.69 | 10.12 | 12.21 | 8.99 | 7.26 | 5.70 |
| Debt / FCF Ratio | 80.69 | 36.28 | 12.49 | 23.79 | 15.66 | |
| Net Debt / Equity Ratio | -2.50 | -2.60 | -3.15 | -20.89 | 5.85 | 2.89 |
| Net Debt / EBITDA Ratio | 12.90 | 13.67 | 17.21 | 10.74 | 7.82 | 5.97 |
| Net Debt / FCF Ratio | 78.00 | 35.07 | -44.35 | 11.61 | 22.15 | 14.61 |
| Asset Turnover | 0.96 | 0.92 | 0.77 | 0.62 | 0.53 | 0.47 |
| Quick Ratio | 0.54 | 0.50 | 0.64 | 0.74 | 1.06 | 1.01 |
| Current Ratio | 0.76 | 0.68 | 0.81 | 0.92 | 1.25 | 1.18 |
| Return on Equity (ROE) | -352.76% | -82.25% | -16.10% | |||
| Return on Assets (ROA) | -0.96% | -1.41% | -1.96% | -0.91% | 0.88% | 2.14% |
| Return on Capital Employed (ROCE) | -2.20% | -3.20% | -4.90% | -2.10% | 1.80% | 4.00% |
| Earnings Yield | -24.81% | -95.47% | -170.64% | -193.57% | -129.23% | -7.72% |
| FCF Yield | 6.14% | 38.31% | -14.16% | 64.23% | 26.70% | 9.28% |
| Buyback Yield / Dilution | -6.10% | -6.18% | -4.41% | -1.94% | -1.54% | -15.81% |