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Financials · RXT

Rackspace Technology Inc. (RXT) financials

For the twelve months ended Jun 30, 2026, Rackspace Technology Inc. reported $2.70B of revenue and -$159.00M of net income.

Revenue, TTM
$2.70B
Revenue growth, YoY
+0.3%
Net income, TTM
-$159.00M
Net margin
-5.9%
Free cash flow, TTM
$41.00M
EPS, diluted, TTM
-$0.65
Cash
$110.60M
Total debt
$2.79B
P/S
0.24
Market cap
$643.5M
Annual revenue$2.69B
FY2018FY2025
Annual net income-$225.80M
FY2018FY2025
Annual free cash flow$90.60M
FY2018FY2025

RXT revenue and earnings growth

RXT revenueQ2 2026$670.10M

Quarter YoY
+0.6%
QoQ
-1.2%
FY YoY
-1.9%
5Y CAGR
-0.2%

RXT revenue was $670.10M in fiscal Q2 2026 (ended Jun 30, 2026), up 0.6% from a year earlier and down 1.2% from the prior quarter. For the full fiscal 2025 it was $2.69B, down 1.9% from fiscal 2024. Compound annual growth was -0.2% over 5 years. It rose in 3 of the last 7 fiscal years.

RXT net incomeQ2 2026-$67.50M

RXT net income was -$67.50M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$54.50M a year earlier. For the full fiscal 2025 it was -$225.80M, compared with -$858.20M in fiscal 2024.

RXT EPSQ2 2026-$0.27

RXT diluted EPS was -$0.27 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.23 a year earlier. For the full fiscal 2025 it was -$0.95, compared with -$3.82 in fiscal 2024.

RXT free cash flowQ2 2026-$48.30M

5Y CAGR
+239.8%

RXT free cash flow was -$48.30M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$12.40M a year earlier. For the full fiscal 2025 it was $90.60M, compared with -$71.20M in fiscal 2024. Compound annual growth was +239.8% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$2.69B$2.74B$2.96B$3.12B$3.01B$2.71B$2.44B$2.45B
Cost of revenue$2.18B$2.20B$2.33B$2.27B$2.07B$1.72B$1.43B$1.45B
Gross profit$506.40M$533.40M$628.80M$856.90M$936.80M$984.40M$1.01B$1.01B
Research and development$39.10M$45.40M$43.70M$24.50M$28.30M$36.70M$56.00M$74.70M
Selling, general and admin$607.10M$707.60M$767.20M$855.30M$906.80M$959.70M$911.70M$949.30M
Operating income-$100.70M-$909.10M-$899.40M-$679.00M-$2.50M$24.70M$101.60M-$237.20M
Interest expense$82.70M$98.00M$221.60M$208.50M$205.10M$268.40M$329.90M$281.10M
Pre-tax income-$201.80M-$881.50M-$854.40M-$897.70M-$249.10M-$312.00M-$122.30M-$500.50M
Income tax$24.00M-$23.30M-$16.60M-$92.90M-$30.80M-$66.20M-$20.00M-$29.90M
Net income-$225.80M-$858.20M-$837.80M-$804.80M-$218.30M-$245.80M-$102.30M-$470.60M
EPS, basic-$0.95-$3.82-$3.89-$3.81-$1.05-$1.37-$0.62-$2.85
EPS, diluted-$0.95-$3.82-$3.89-$3.81-$1.05-$1.37-$0.62-$2.85
Diluted shares238.7M224.8M215.3M211.2M208.0M179.6M165.3M165.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$105.80M$147.00M$196.80M$231.40M$275.40M$108.10M$87.10M$258.20M
Receivables$266.50M$298.80M$339.70M$622.20M$554.30M$483.00M$350.30M-
Current assets$517.80M$618.80M$738.10M$1.07B$989.50M$758.50M$543.70M-
Goodwill$740.10M$735.70M$1.45B$2.16B$2.71B$2.76B$2.75B$2.47B
Total assets$2.80B$3.05B$4.10B$5.46B$6.33B$6.38B$6.27B-
Current liabilities$766.70M$766.60M$799.50M$856.50M$837.40M$742.20M$671.90M-
Short-term debt$27.30M$29.20M$23.00M$23.00M$23.00M$43.40M$29.00M-
Long-term debt$2.72B$2.76B$2.84B$3.30B$3.31B$3.32B$3.84B-
Total debt$2.75B$2.79B$2.86B$3.32B$3.33B$3.36B$3.87B-
Total liabilities$4.02B$4.06B$4.25B$4.83B$5.00B$4.99B$5.37B-
Shareholders' equity-$1.22B-$1.00B-$154.50M$629.50M$1.33B$1.38B$898.80M$907.80M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$151.40M$39.90M$374.90M$246.70M$370.80M$116.70M$292.90M$429.80M
Capital expenditures$60.80M$111.10M$96.90M$80.40M$108.40M$116.50M$198.00M$294.30M
Free cash flow$90.60M-$71.20M$278.00M$166.30M$262.40M$200.0K$94.90M$135.50M
Investing cash flow-$58.40M-$86.60M-$96.00M-$97.90M-$69.00M-$128.40M-$386.50M-$348.30M
Financing cash flow-$134.60M-$3.00M-$312.80M-$187.00M-$132.20M$29.90M-$79.20M-$53.70M
Share repurchases-$0$0$31.00M$0$0$2.20M$0
Stock-based compensation$45.10M$63.40M$65.40M$69.50M$75.40M$74.50M$30.20M$20.00M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY-1.9%-7.4%-5.3%3.7%11.2%11.0%-0.6%-
Gross margin18.9%19.5%21.3%27.4%31.1%36.4%41.5%41.1%
Operating margin-3.7%-33.2%-30.4%-21.7%-0.1%0.9%4.2%-9.7%
Net margin-8.4%-31.4%-28.3%-25.8%-7.3%-9.1%-4.2%-19.2%
Free cash flow margin3.4%-2.6%9.4%5.3%8.7%0.0%3.9%5.5%
Return on equity----127.8%-16.4%-17.8%-11.4%-51.8%
Return on assets-8.1%-28.1%-20.5%-14.7%-3.4%-3.9%-1.6%-
Current ratio0.680.810.921.251.181.020.81-
Debt to equity---5.272.512.434.31-

Source: XBRL data Rackspace Technology Inc. files with the SEC, latest filing dated Aug 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RXT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RXT$2.70B+0.3%-$159.00M-5.9%$643.5M
GOOGL$471.10B+22.2%$235.69B50.0%$3.50T
GOOG$471.10B+22.2%$235.69B50.0%$3.49T
META$241.61B+27.5%$75.25B31.1%$1.56T
APP$7.61B+57.8%$5.01B65.9%$129.62B
NBIS$529.80M+479.0%$82.50M15.6%$35.20B
BIDUCN¥129.08B-3.0%CN¥5.59B4.3%$27.85B

RXT FAQ

9 questions
  • What is RXT revenue?
    Rackspace Technology Inc. (RXT) reported $2.70B of revenue for the twelve months ended Jun 30, 2026. That is up 0.3% from the year before. Revenue for fiscal 2025 was $2.69B.
  • Is RXT profitable?
    No. Rackspace Technology Inc. reported a net loss of $159.00M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does RXT have?
    Rackspace Technology Inc. reported $110.60M in cash and cash equivalents and $2.79B of debt on its most recent balance sheet in SEC filings.
  • How fast is RXT revenue growing?
    Rackspace Technology Inc.'s revenue changed -1.9% in fiscal 2025, to $2.69B. Its compound annual growth rate was -0.2% over 5 years.
  • What is RXT gross margin?
    Rackspace Technology Inc.'s gross profit was $484.20M on $2.70B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 17.9%.
  • What is RXT free cash flow?
    Rackspace Technology Inc. generated $41.00M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $104.00M less capital expenditures.
  • What is RXT earnings per share?
    Diluted earnings per share were -$0.65 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RXT last report financial results?
    The latest statements here come from Rackspace Technology Inc.'s 10-Q filed on Aug 10, 2026, covering the period ended Jun 30, 2026.
  • Where does this RXT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Rackspace Technology Inc. files with the SEC. It is provided for information only and is not investment advice.