Rackspace Technology, Inc. RXT

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived Nasdaq

Rackspace Technology is a leading end-to-end hybrid cloud and AI solutions company. We serve as a trusted operator of the full technology stack, from governed private cloud infrastructure to AI deployed in production environments. From edge to core to cloud, we design, integrate and operate the infrastructure, data foundations and software platforms required to deliver business outcomes with predictable cost, resilience, security and compliance. Our solutions are purpose-built for regulated and mission-critical environments where uptime, data sovereignty and operational accountability are essential.

Cloud infrastructure has become the foundation of enterprise technology and AI is now reshaping how that infrastructure must be designed, operated and governed.

Last close 2.83 2026-10-23
Market cap $721.3M 2026-06-30 share count
52-week range 0.39 - 8.60

Valuation FY2025 figures against the last close

P/S0.3x
P/E—
P/FCF8.0x
EV/EBITDA66.3x
Dividend yield—
Diluted EPS-0.95

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other Foreign Countries
  • United Kingdom
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 1.8B (66.3%) 66% United States Other Foreign Countries, FY2025: 539.1M (20.1%) 20% Other Foreign Countries United Kingdom, FY2025: 365.2M (13.6%) 14% United Kingdom FY2024 United States, FY2024: 1.8B (67.5%) 68% Other Foreign Countries, FY2024: 421.4M (15.4%) 15% United Kingdom, FY2024: 468M (17.1%) 17% FY2023 United States, FY2023: 2B (68.8%) 69% Other Foreign Countries, FY2023: 437M (14.8%) 15% United Kingdom, FY2023: 484.5M (16.4%) 16%
Region FY2025FY2024FY2023
United States $1.78B $1.85B $2.04B
Other Foreign Countries $539.1M $421.4M $437.0M
United Kingdom $365.2M $468.0M $484.5M

As the company reported it, from the “Segment Reporting - Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Public Cloud
  • Private Cloud
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Public Cloud, FY2025: 1.7B (63.1%) 63% Public Cloud Private Cloud, FY2025: 989.7M (36.9%) 37% Private Cloud FY2024 Public Cloud, FY2024: 1.7B (61.5%) 61% Private Cloud, FY2024: 1.1B (38.5%) 39% FY2023 Public Cloud, FY2023: 1.7B (58.9%) 59% Private Cloud, FY2023: 1.2B (41.1%) 41%
Segment FY2025FY2024FY2023
Public Cloud $1.70B $1.68B $1.74B
Private Cloud $989.7M $1.05B $1.21B

As the company reported it, from the “Segment Reporting - Reconciliation of Revenue and Gross Profits from Segments to Consolidated (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 $506.4M$533.4M$628.8M$856.9M$936.8M$984.4M$1.01B$1.01B—
R&D $39.1M$45.4M$43.7M$24.5M$28.3M$36.7M$56.0M$74.7M—
SG&A $607.1M$707.6M$767.2M$855.3M$906.8M$959.7M$911.7M$949.3M—
Operating income -$100.7M-$909.1M-$899.4M-$679.0M-$2.5M$24.7M$101.6M-$237.2M—
Interest expense $82.7M$98.0M$221.6M$208.5M$205.1M$268.4M$329.9M$281.1M—
Pre-tax income -$201.8M-$881.5M-$854.4M-$897.7M-$249.1M-$312.0M-$122.3M-$500.5M—
Income tax $24.0M$23.3M$16.6M$92.9M$30.8M$66.2M$20.0M$29.9M—
Net income -$225.8M-$858.2M-$837.8M-$804.8M-$218.3M-$245.8M-$102.3M-$470.6M—
EPS, basic -0.95-3.82-3.89-3.81-1.05-1.37-0.62——
EPS, diluted -0.95-3.82-3.89-3.81-1.05-1.37-0.62-2.85—
Shares, diluted (wtd. avg.) 238.7M224.8M215.3M211.2M208.0M179.6M165.3M165.2M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $105.8M$144.0M$196.8M$231.4M$275.4M$108.1M$87.1M$258.2M$234.9M
Receivables $266.5M$298.8M$339.7M$622.2M$554.3M$483.0M$350.3M——
Total current assets $517.8M$618.8M$738.1M$1.07B$989.5M$758.5M$543.7M——
Goodwill $740.1M$735.7M$1.45B$2.16B$2.71B$2.76B$2.75B$2.47B—
Other intangibles $698.3M$844.7M$1.02B$1.24B$1.47B$1.65B$1.82B——
Total assets $2.80B$3.05B$4.10B$5.46B$6.33B$6.38B$6.27B——
Accounts payable $413.9M$389.6M$432.7M$447.3M$369.5M$285.4M$260.4M——
Short-term debt $27.3M$29.2M$23.0M$23.0M$23.0M$43.4M$29.0M——
Total current liabilities $766.7M$766.6M$799.5M$856.5M$837.4M$742.2M$671.9M——
Long-term debt $2.72B$2.76B$2.84B$3.30B$3.31B$3.32B$3.84B——
Total liabilities $4.02B$4.06B$4.25B$4.83B$5.00B$4.99B$5.37B——
Retained earnings -$3.91B-$3.68B-$2.82B-$1.99B-$1.18B-$963.3M-$717.5M——
Total equity -$1.22B-$1.00B-$154.5M$629.5M$1.33B$1.38B$898.8M$907.8M$1.37B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $151.4M$39.9M$374.9M$246.7M$370.8M$116.7M$292.9M$429.8M—
Depreciation and amortisation $151.4M$141.3M$208.7M$220.9M$245.1M————
Stock-based compensation $45.1M$63.4M$65.4M$69.5M$75.4M$74.5M$30.2M$20.0M—
Capital expenditure $60.8M$111.1M$96.9M$80.4M$108.4M$116.5M$198.0M$294.3M—
Investing cash flow -$58.4M-$86.6M-$96.0M-$97.9M-$69.0M-$128.4M-$386.5M-$348.3M—
Financing cash flow -$134.6M-$3.0M-$312.8M-$187.0M-$132.2M$29.9M-$79.2M-$53.7M—
Buybacks —$0$0$31.0M$0$0$2.2M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001810019-26-000032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2018: 2.5B Gross profit, FY2018: 1B Net income, FY2018: -470.6M Revenue, FY2019: 2.4B Gross profit, FY2019: 1B Net income, FY2019: -102.3M Revenue, FY2020: 2.7B Gross profit, FY2020: 984.4M Net income, FY2020: -245.8M Revenue, FY2021: 3B Gross profit, FY2021: 936.8M Net income, FY2021: -218.3M Revenue, FY2022: 3.1B Gross profit, FY2022: 856.9M Net income, FY2022: -804.8M Revenue, FY2023: 3B Gross profit, FY2023: 628.8M Net income, FY2023: -837.8M Revenue, FY2024: 2.7B Gross profit, FY2024: 533.4M Net income, FY2024: -858.2M Revenue, FY2025: 2.7B Gross profit, FY2025: 506.4M Net income, FY2025: -225.8M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $2.45B $2.44B $2.71B $3.01B $3.12B $2.96B $2.74B $2.69B
Gross profit — $1.01B $1.01B $984.4M $936.8M $856.9M $628.8M $533.4M $506.4M
Net income — -$470.6M -$102.3M -$245.8M -$218.3M -$804.8M -$837.8M -$858.2M -$225.8M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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