Rackspace Technology, Inc. (RXT)
Rackspace Technology, Inc. is a global provider specializing in multi-cloud technology services. The company organizes its business into two primary divisions: Multicloud Services and Apps & Cross Platform. Through its Multicloud Services division, Rackspace offers comprehensive managed services for both public and private cloud environments. These services empower clients to identify, oversee, and fine-tune their ideal infrastructure, platforms, and associated services. This segment also delivers expert professional assistance for architecting and deploying multi-cloud strategies and modern cloud-native applications. The Apps & Cross Platform segment encompasses managed application services, along with extensive managed security offerings. These security services span threat identification and mitigation, proactive prevention, prompt incident response, adherence to governance standards, risk management, compliance support across diverse cloud ecosystems, and robust privacy and data protection, including granular access controls and reporting. Furthermore, this segment provides specialized data services and professional expertise for the development and deployment of application, security, and data solutions. Established in 1998, Rackspace Technology, Inc. maintains its corporate headquarters in San Antonio, Texas.
Sector: Services-Computer Programming, Data Processing, Etc.
Industry: Software - Infrastructure
Rackspace Technology, Inc.
NASDAQ:RXTTechnology · Software - Infrastructure
PrePre-market+0.40%$2.54
Close$2.530.00%AH$2.53+0.40%Now$2.54
Close$2.53+6.30%AH$2.53+0.40%since
Mkt Cap$644.83M
Float115.51M
O/S254.87M
PM VOL157K sh
$ Vol≈$399K
RVOL4.83×
Inst Own81.2%
SI22.6%
Dilution
Financials Summary
Revenue$2.69B
Net Income-$225.8M
Total Assets$2.8B
Free Cash Flow$90.6M
Debt & Equity
Debt 159%
Total Debt$3.28B
Total Equity-$1.22B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in RXT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.8B
Liabilities$4.02B
Accounts Receivable$266.5M
Accounts Payable$413.9M
Inventory$0
PP&E (Net)$740.9M
Goodwill$740.1M
Intangible Assets$698.3M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $2.69B | $2.74B | $2.96B | $3.12B | $3.01B | $2.71B | $2.44B | $2.45B | $2.14B |
| YoY Growth | -1.9% | -7.4% | -5.3% | 3.7% | 11.2% | 11.0% | -0.6% | 14.4% | - |
| Cost of Revenue | $2.33B | $2.2B | $2.31B | $2.27B | $2.07B | $1.72B | $1.43B | $1.45B | $1.35B |
| Gross Profit | $359.5M | $533.4M | $648.6M | $856.9M | $936.8M | $984.4M | $1.01B | $1.01B | $790.6M |
| Gross Margin | 13.4% | 19.5% | 21.9% | 27.4% | 31.1% | 36.4% | 41.5% | 41.1% | 36.9% |
| Research and Development | $39.1M | $0 | $43.7M | $0 | $0 | $36.7M | $0 | $74.7M | $92.9M |
| Selling, General, and Administrative | $388.8M | $707.6M | $660M | $855.3M | $906.8M | $959.7M | $911.7M | $949.3M | $822.5M |
| Other | $0 | $734.9M | $844.3M | $680.6M | $32.5M | -$36.7M | -$2.1M | $12.7M | -$7.4M |
| Total Operating Expenses | $427.9M | $1.44B | $1.55B | $1.54B | $939.3M | $959.7M | $909.6M | $949.3M | $913.4M |
| Operating Income (EBIT) | -$68.4M | -$909.1M | -$899.4M | -$679M | -$2.5M | $24.7M | $101.6M | $70.5M | -$117.6M |
| Operating Margin | -2.5% | -33.2% | -30.4% | -21.7% | -0.1% | 0.9% | 4.2% | 2.9% | -5.5% |
| Interest Expense | $127.5M | $98M | $221.6M | $208.5M | $205.1M | $268.4M | $329.9M | $281.1M | $223.4M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$133.4M | $27.6M | $45M | -$218.7M | -$246.6M | -$336.7M | -$223.9M | -$263.3M | -$243.1M |
| Income Before Tax (EBT) | -$201.8M | -$881.5M | -$854.4M | -$897.7M | -$249.1M | -$312M | -$122.3M | -$500.5M | -$360.7M |
| Income Tax Expense | $24M | -$23.3M | -$16.6M | -$92.9M | -$30.8M | -$66.2M | -$20M | -$29.9M | -$300.8M |
| Net Income | -$225.8M | -$858.2M | -$837.8M | -$804.8M | -$218.3M | -$245.8M | -$102.3M | -$470.6M | -$59.9M |
| Net Income Margin | -8.4% | -31.4% | -28.3% | -25.8% | -7.3% | -9.1% | -4.2% | -19.2% | -2.8% |
| Supplementary Data | |||||||||
| EPS | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 | -1.37 | -6.24 | -28.70 | -3.65 |
| Diluted EPS | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 | -1.37 | -6.24 | -28.70 | -3.65 |
| Weighted Average OS | 238.70M | 224.80M | 215.30M | 211.20M | 208.00M | 179.60M | 16.40M | 16.40M | 16.39M |
| EBITDA | $288.3M | -$420.5M | -$149.9M | -$241.7M | $446.7M | $479.1M | $774.1M | $393.4M | $629.8M |
| EBITDA Margin | 10.7% | -15.4% | -5.1% | -7.7% | 14.8% | 17.7% | 31.8% | 16.0% | 29.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $105.8M | $144M | $196.8M | $228.4M | $272.8M | $104.7M | $83.8M | $254.3M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $105.8M | $144M | $196.8M | $228.4M | $272.8M | $104.7M | $83.8M | $254.3M |
| Accounts Receivable | $266.5M | $298.8M | $339.7M | $622.2M | $554.3M | $483M | $350.3M | $260.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $55M |
| Other Current Assets | $145.5M | $91.1M | $114.2M | $125.3M | $52.4M | $47M | $33.4M | $44.5M |
| Total Current Assets | $517.8M | $618.8M | $738.1M | $1.07B | $989.5M | $758.5M | $543.7M | $614.3M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $740.9M | $735.6M | $735.1M | $766.3M | $988.5M | $1.06B | $1.04B | $927M |
| Goodwill | $740.1M | $735.7M | $1.45B | $2.16B | $2.71B | $2.76B | $2.75B | $2.47B |
| Intangible Assets | $698.3M | $844.7M | $1.02B | $1.24B | $1.47B | $1.65B | $1.82B | $1.93B |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.6M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$22.6M |
| Other Long-Term Assets | $102.7M | $119.3M | $151.6M | $226.1M | $177.4M | $156.2M | $129.4M | $164.5M |
| Total Long-Term Assets | $2.28B | $2.44B | $3.36B | $4.38B | $5.34B | $5.62B | $5.73B | $5.5B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.8B | $3.05B | $4.1B | $5.46B | $6.33B | $6.38B | $6.27B | $6.11B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $413.9M | $389.6M | $432.7M | $447.3M | $369.5M | $285.4M | $260.4M | $233.5M |
| Short-Term Debt | $144M | $29.2M | $23M | $23M | $23M | $43.4M | $29M | $34M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $94.6M | $84.2M | $78.8M | $80.9M | $98.6M | $76.7M | $66.6M | $57.4M |
| Other Current Liabilities | $28.8M | $130.8M | $108.7M | $130.6M | $145.7M | $158.5M | $178.7M | $68.3M |
| Total Current Liabilities | $766.7M | $766.6M | $799.5M | $856.5M | $837.4M | $742.2M | $671.9M | $565.5M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $2.72B | $2.76B | $2.84B | $3.3B | $3.31B | $3.32B | $3.84B | $3.93B |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M |
| Long-Term Deferred Tax Liabilities | $34.7M | $30.2M | $79.2M | $126.7M | $205.8M | $236.7M | $326.9M | $362.4M |
| Other Long-Term Liabilities | $78M | $134.2M | $149.8M | $153.3M | $187.3M | $219.6M | $185.6M | $50.8M |
| Total Long-Term Liabilities | $3.25B | $3.29B | $3.45B | $3.97B | $4.16B | $4.25B | $4.7B | $4.64B |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.02B | $4.06B | $4.25B | $4.83B | $5B | $4.99B | $5.37B | $5.2B |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2.5M | $2.3M | $2.2M | $2.2M | $2.1M | $2M | $1.6M | $1.6M |
| Retained Earnings | -$3.91B | -$3.68B | -$2.82B | -$1.99B | -$1.18B | -$963.3M | -$717.5M | -$671.1M |
| Comprehensive Income & Other | $7.5M | $24.1M | $60.3M | $71.4M | $6.9M | -$18.6M | $12M | $0 |
| Other Stockholders' Equity | $2.69B | $2.68B | $2.67B | $2.61B | $2.51B | $2.35B | $1.61B | $1.58B |
| Total Equity | -$1.22B | -$1B | -$154.5M | $629.5M | $1.33B | $1.38B | $898.8M | $907.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.8B | $3.05B | $4.1B | $5.46B | $6.33B | $6.38B | $6.27B | $6.11B |
| Supplementary Data | ||||||||
| Total Debt | $3.28B | $3.28B | $3.38B | $3.85B | $3.97B | $3.99B | $4.32B | $4.3B |
| Net Debt | $3.18B | $3.14B | $3.18B | $3.62B | $3.69B | $3.89B | $4.24B | $4.04B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$225.8M | -$858.2M | -$837.8M | -$804.8M | -$218.3M | -$245.8M | -$102.3M | -$470.6M | -$59.9M |
| Depreciation & Amortization | $362.6M | $363M | $442.9M | $447.5M | $490.7M | $536.9M | $566.5M | $611M | $757.9M |
| Deferred Income Tax | $23.7M | -$35M | -$41.9M | -$108.8M | -$41.5M | -$73.6M | -$40.7M | -$24.6M | -$306.9M |
| Stock-Based Compensation | $45.1M | $63.4M | $65.4M | $69.5M | $75.4M | $74.5M | $30.2M | $20M | $10.2M |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | $27.6M | $20.5M | $275.1M | -$82.4M | -$69.5M | -$156M | -$42.2M | -$32.3M | -$42.9M |
| Inventory | $0 | $0 | $0 | $0 | -$51.9M | -$116M | $0 | $0 | -$13.8M |
| Accounts Payable | -$26.4M | -$22.2M | -$44.2M | $82.4M | $88.1M | -$7.4M | -$32.7M | $51.2M | -$20.1M |
| Other Working Capital | -$63.1M | -$60.5M | -$5.8M | -$66.9M | $3.3M | -$5.7M | -$64.2M | -$41.1M | -$64.9M |
| Total Working Capital Change | -$61.9M | -$62.2M | $225.1M | -$66.9M | -$30M | -$285.1M | -$139.1M | -$22.2M | -$141.7M |
| Other Non-Cash Items | $7.7M | $568.9M | $521.2M | $722.8M | $94.5M | $109.8M | -$21.7M | $316.2M | $32.1M |
| Net Cash from Operating | $151.4M | $39.9M | $374.9M | $259.3M | $370.8M | $116.7M | $292.9M | $429.8M | $291.7M |
| Investing Activities | |||||||||
| Capital Expenditures | -$60.8M | -$111.1M | -$96.9M | -$80.4M | -$108.4M | -$116.5M | -$198M | -$294.3M | -$189.5M |
| Acquisitions | $0 | $16.9M | $0 | -$7.7M | $31.3M | -$9.5M | -$299.3M | -$65.2M | -$1.06B |
| Purchases of Investments | $0 | $0 | $0 | -$15M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $900K | $109.5M | $8.8M | $18M |
| Other Investing Activities | $2.4M | $7.6M | $900K | $5.2M | $8.1M | -$3.3M | $1.3M | $2.4M | $4.5M |
| Net Cash from Investing | -$58.4M | -$86.6M | -$96M | -$97.9M | -$69M | -$128.4M | -$386.5M | -$348.3M | -$1.23B |
| Financing Activities | |||||||||
| Debt Repaid | $69.9M | -$55.1M | $271.6M | $90.2M | $145.9M | $569.7M | $32.4M | $51.9M | -$877.9M |
| Common Stock Issuance | $500K | $0 | $0 | $0 | $61.1M | $657.8M | $0 | $3.2M | $9.7M |
| Common Stock Repurchases | $0 | -$4.3M | -$1M | -$31M | $0 | -$2.1M | -$3.3M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$65.2M | -$53.8M | -$40.2M | -$16.8M | -$12.9M | $22.3M | -$43.5M | $3.2M | -$20.1M |
| Net Cash from Financing | -$134.6M | -$3M | -$312.8M | -$187M | -$132.2M | $29.9M | -$79.2M | -$53.7M | $867.5M |
| Forex Effect | $2.4M | -$3M | $2.2M | -$5.8M | -$2.3M | $2.8M | $1.7M | -$4.5M | $3.7M |
| Net Change in Cash | -$39.1M | -$52.7M | -$31.7M | -$31.4M | $167.3M | $21M | -$171.1M | $23.3M | -$63.3M |
| Supplementary Data | |||||||||
| Operating Cash Flow | $151.4M | $39.9M | $374.9M | $259.3M | $370.8M | $116.7M | $292.9M | $429.8M | $291.7M |
| Capital Expenditure | -$60.8M | -$111.1M | -$96.9M | -$80.4M | -$108.4M | -$116.5M | -$198M | -$294.3M | -$189.5M |
| Free Cash Flow | $90.6M | -$71.2M | $278M | $178.9M | $262.4M | $200K | $94.9M | $135.5M | $102.2M |
| Cash at Beginning | $147M | $199.7M | $231.4M | $275.4M | $108.1M | $87.1M | $258.2M | $234.9M | $298.2M |
| Cash at End | $108M | $147M | $199.7M | $244M | $275.4M | $108.1M | $87.1M | $258.2M | $234.9M |