Rackspace Technology, Inc. (RXT) Form 8-K — Aug 10, 2026

$RXTForm 8-KItems 2.02, 9.01Filed Aug 10, 2026, 4:08 PM ET0001810019-26-000092Original filing

Rackspace Technology reported Q2 2026 revenue of $670 million, up 0.6% year over year, but its GAAP net loss widened to $(68) million from $(55) million a year ago, with diluted loss per share of $(0.27) versus $(0.23). Interest expense jumped 61% to $34 million. Segment trends diverged: Private Cloud revenue grew 5.5% to $263 million while Public Cloud fell 2.3% to $407 million, and gross profit declined 11.1% to $114.8 million as cost of revenue outpaced sales. Non-GAAP Operating Profit was flat at $27 million and Non-GAAP Loss Per Share worsened 33% to $(0.08).

Key figures

Eps: $(0.27) diluted GAAP
Revenue: $670.1 million
Guidance: FY 2026: Total revenue $2,450-$2,550 million; Private Cloud $1,000-$1,050 million; Public Cloud $1,450-$1,500 million; Non-GAAP Operating Profit $125-$135 million; Adjusted EBITDA $285-$295 million; Non-GAAP Loss Per Share $(0.25)-$(0.30)
Net Income: $(67.5) million net loss
Total Debt: $2,786.7 million ($24.8 million current + $2,761.9 million non-current)
Revenue Yoy: +0.6% reported (+0.4% constant currency)
Total Assets: $2,745.3 million
Cash Position: $110.6 million
Capex: $28 million
Gross profit: $114.8 million, -11.1% YoY
Adjusted ebitda: $65.9 million vs $64.4 million prior year
Total liquidity: $202 million including revolving credit facility
Interest expense: $34.2 million, +60.6% YoY
Loss from operations: $(33.2) million vs $(25.1) million prior year
Public cloud revenue: $406.8 million, -2.3% YoY
Stockholders deficit: $(1,281.1) million
Private cloud revenue: $263.3 million, +5.5% YoY
Q2 operating cash flow: $(32) million used
Non gaap loss per share: $(0.08) vs $(0.06), a 33% decline
Ttm operating cash flow: $104 million
Non gaap operating profit: $27.4 million, flat YoY
Weighted avg diluted shares: 250.1 million vs 238.0 million prior year
H1 gain on debt extinguishment: $62.5 million

Price after filing

1 day: +3.6%7 days: -16.5%30 days: -31.7%

Close on the filing date to close N calendar days later (from $4.73). Historical, not a forecast.

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