Rackspace Technology, Inc. (RXT) Form 8-K — Jul 9, 2026
Rackspace Technology entered into an at-the-market equity distribution agreement with Goldman Sachs, allowing it to sell up to $250 million of common stock. This facility provides the company with flexible access to capital markets to fund operations or reduce debt, though it introduces potential dilution to existing shareholders. The company also released preliminary Q2 2026 results, projecting revenue between $641 million and $649 million. However, it expects a GAAP net loss of $62 million to $91 million, driven by significant restructuring and transformation expenses of $17 million to $25 million.
Key figures
- Eps
- -0.36 to -0.25
- Revenue
- 641-649 million
- Net Income
- -91 to -62 million
- Atm capacity
- 250 million
- Adjusted ebitda
- 58-62 million
- Public cloud revenue
- 399-403 million
- Private cloud revenue
- 242-246 million
- Non gaap loss per share
- -0.11 to -0.08
- Gaap loss from operations
- -53 to -33 million
- Non gaap operating profit
- 19-23 million
- Receivables facility limit
- 350 million
- Receivables facility extension
- July 2, 2029
Price after filing
Close on the filing date to close N calendar days later (from $4.37). Historical, not a forecast.
AI analysis
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