Rackspace Technology, Inc. (RXT) Financial Statements
Industry: Computer Programming, Data Processing, Etc. (Services)
In fiscal 2025, Rackspace Technology reported revenue of $2.69B, down 1.9% from $2.74B the year before. Net income was -$225.8M (a -8.4% net margin), or -$0.95 per diluted share. Gross margin was 18.9% and operating margin was -3.7%. Operating activities generated $151.4M of cash, leaving $90.6M of free cash flow. At fiscal year end, Rackspace Technology held $2.80B in total assets against $4.02B in total liabilities, including $105.8M of cash and equivalents.
Open the full interactive Rackspace Technology financials → Quarterly statements, key ratios, valuation history and price charts.
Rackspace Technology Key Stats
| Share Price | $3.63 |
|---|---|
| Market Cap | $907.9M |
| Revenue YoY Growth | -1.9% |
| 52-Week Range | $0.41 – $7.53 |
| Shares Outstanding | 250.1 million (basic, 2026 Q2) |
Rackspace Technology Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.71B | $3.01B | $3.12B | $2.96B | $2.74B | $2.69B |
| Gross Profit | $984.4M | $936.8M | $856.9M | $628.8M | $533.4M | $506.4M |
| Operating Income | $24.7M | -$2.5M | -$679.0M | -$899.4M | -$909.1M | -$100.7M |
| Pre-Tax Income | -$312.0M | -$249.1M | -$897.7M | -$854.4M | -$881.5M | -$201.8M |
| Income Tax | -$66.2M | -$30.8M | -$92.9M | -$16.6M | -$23.3M | $24.0M |
| Net Income | -$245.8M | -$218.3M | -$804.8M | -$837.8M | -$858.2M | -$225.8M |
| Diluted EPS | -$1.37 | -$1.05 | -$3.81 | -$3.89 | -$3.82 | -$0.95 |
Rackspace Technology Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $671.2M | $682.8M | $678.1M | $670.1M |
| Net Income | -$67.1M | -$32.7M | $8.3M | -$67.5M |
| Diluted EPS | -$0.28 | -$0.14 | $0.03 | -$0.27 |
Rackspace Technology Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $104.7M | $272.8M | $228.4M | $196.8M | $144.0M | $105.8M |
| Current Assets | $758.5M | $989.5M | $1.07B | $738.1M | $618.8M | $517.8M |
| Total Assets | $6.38B | $6.33B | $5.46B | $4.10B | $3.05B | $2.80B |
| Current Liabilities | $742.2M | $837.4M | $856.5M | $799.5M | $766.6M | $766.7M |
| Total Long-Term Debt | $3.36B | $3.33B | $3.32B | $2.86B | $2.79B | $2.75B |
| Total Liabilities | $4.99B | $5.00B | $4.83B | $4.25B | $4.06B | $4.02B |
| Shareholders' Equity | $1.38B | $1.33B | $629.5M | -$154.5M | -$1.00B | -$1.22B |
Rackspace Technology Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $116.7M | $370.8M | $246.7M | $374.9M | $39.9M | $151.4M |
| Cash From Investing | -$128.4M | -$69.0M | -$97.9M | -$96.0M | -$86.6M | -$58.4M |
| Cash From Financing | $29.9M | -$132.2M | -$187.0M | -$312.8M | -$3.0M | -$134.6M |
| Free Cash Flow | $200,000 | $262.4M | $166.3M | $278.0M | -$71.2M | $90.6M |
Figures from Rackspace Technology's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Rackspace Technology financials page for every line item.
Rackspace Technology Company Profile
| Ticker | RXT |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Programming, Data Processing, Etc. (Services) |
| Headquarters | San Antonio, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0001810019 |
Frequently Asked Questions
What was Rackspace Technology's revenue in fiscal 2025?
Rackspace Technology (RXT) reported revenue of $2.69B for fiscal 2025.
What is Rackspace Technology's annual revenue history?
Rackspace Technology's annual revenue by fiscal year: 2020: $2.71B; 2021: $3.01B; 2022: $3.12B; 2023: $2.96B; 2024: $2.74B; 2025: $2.69B.
What was Rackspace Technology's net income in fiscal 2025?
Rackspace Technology reported net income of -$225.8M for fiscal 2025.
What was Rackspace Technology's earnings per share (EPS) in fiscal 2025?
Rackspace Technology's diluted EPS was -$0.95 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Rackspace Technology generate in fiscal 2025?
Rackspace Technology generated $90.6M of free cash flow in fiscal 2025.
What was Rackspace Technology's revenue last quarter?
In its most recent reported quarter (2026 Q2), Rackspace Technology reported revenue of $670.1M.
How much debt does Rackspace Technology have?
Rackspace Technology reported $2.75B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Rackspace Technology are outstanding?
Rackspace Technology reported a weighted average of 250.1 million basic shares outstanding in 2026 Q2.
What is Rackspace Technology's market cap?
Based on its latest closing price, Rackspace Technology (RXT) has a market capitalization of about $907.9M.
When does Rackspace Technology's fiscal year end?
Rackspace Technology's fiscal year end, as registered with the SEC, is December 31.
Where is Rackspace Technology headquartered?
Rackspace Technology lists its business address in San Antonio, Texas in its SEC filings.