RXT · Rackspace Technology, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.69B | $2.74B | $2.96B | $3.12B | $3.01B | $2.71B |
| Cost of Revenue | $2.18B | $2.20B | $2.33B | $2.27B | $2.07B | $1.72B |
| Gross Profit | $506.40M | $533.40M | $628.80M | $856.90M | $936.80M | $984.40M |
| R&D | $39.10M | $45.40M | $43.70M | $24.50M | $28.30M | $36.70M |
| SG&A | $607.10M | $707.60M | $767.20M | $855.30M | $906.80M | $959.70M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $151.40M | $141.30M | $245.10M | - | - | - |
| Operating Income | ($100.70M) | ($909.10M) | ($899.40M) | ($679.00M) | ($2.50M) | $24.70M |
| Interest Expense | $82.70M | $98.00M | $221.60M | $208.50M | $205.10M | $268.40M |
| Income Tax | $24.00M | ($23.30M) | ($16.60M) | ($92.90M) | ($30.80M) | ($66.20M) |
| Net Income | ($225.80M) | ($858.20M) | ($837.80M) | ($804.80M) | ($218.30M) | ($245.80M) |
| EPS - Basic | ($0.95) | ($3.82) | ($3.89) | ($3.81) | ($1.37) | - |
| EPS - Diluted | ($0.95) | ($3.82) | ($3.89) | ($3.81) | ($1.37) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $105.80M | $144.00M | $196.80M | $228.40M | $272.80M | $254.30M |
| Accounts Receivable | $266.50M | $298.80M | $339.70M | $622.20M | $554.30M | $483.00M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | $517.80M | $618.80M | $738.10M | $1.07B | $989.50M | $758.50M |
| Total Assets | $2.80B | $3.05B | $4.10B | $5.46B | $6.33B | $6.38B |
| Current Liabilities | $766.70M | $766.60M | $799.50M | $856.50M | $837.40M | $742.20M |
| Long-term Debt | $2.72B | $2.76B | $2.84B | $3.30B | $3.31B | $3.32B |
| Total Liabilities | $4.02B | $4.06B | $4.25B | $4.83B | $5.00B | $4.99B |
| Stockholders' Equity | ($1.22B) | ($1.00B) | ($154.50M) | $629.50M | $1.33B | $1.37B |
| Retained Earnings | ($3.91B) | ($3.68B) | ($2.82B) | ($1.99B) | ($1.18B) | ($963.30M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $151.40M | $39.90M | $374.90M | $246.70M | $370.80M | $116.70M |
| Investing Cash Flow | ($58.40M) | ($86.60M) | ($96.00M) | ($97.90M) | ($69.00M) | ($128.40M) |
| Financing Cash Flow | ($134.60M) | ($3.00M) | ($312.80M) | ($187.00M) | ($132.20M) | $29.90M |
| CapEx | $60.80M | $111.10M | $96.90M | $80.40M | $108.40M | $116.50M |
| Free Cash Flow | $90.60M | ($71.20M) | $278.00M | $166.30M | $262.40M | $200.0K |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 18.9% | 19.5% | 21.3% | 27.4% | 31.1% | 36.4% |
| Operating margin | -3.7% | -33.2% | -30.4% | -21.7% | -0.1% | 0.9% |
| EBITDA margin | 1.9% | -28.1% | -22.1% | - | - | - |
| Net margin | -8.4% | -31.4% | -28.3% | -25.8% | -7.3% | -9.1% |
| Free cash flow margin | 3.4% | -2.6% | 9.4% | 5.3% | 8.7% | 0.0% |
| FCF / Net income | -0.40 | 0.08 | -0.33 | -0.21 | -1.20 | -0.00 |
| R&D / Revenue | 1.5% | 1.7% | 1.5% | 0.8% | 0.9% | 1.4% |
| SG&A / Revenue | 22.6% | 25.9% | 25.9% | 27.4% | 30.1% | 35.5% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -8.1% | -28.1% | -20.5% | -14.7% | -3.4% | -3.9% |
| Return on equity | 18.5% | 85.5% | 542.3% | -127.8% | -16.4% | -17.9% |
| Return on invested capital | -5.3% | -41.0% | -26.5% | -13.7% | -0.0% | 0.4% |
| Liquidity | ||||||
| Current ratio | 0.68 | 0.81 | 0.92 | 1.25 | 1.18 | 1.02 |
| Quick ratio | 0.68 | 0.81 | 0.92 | 1.25 | 1.18 | 1.02 |
| Cash ratio | 0.14 | 0.19 | 0.25 | 0.27 | 0.33 | 0.34 |
| Leverage | ||||||
| Debt / Equity | -2.23 | -2.74 | -18.38 | 5.23 | 2.49 | 2.42 |
| Debt / Assets | 0.97 | 0.90 | 0.69 | 0.60 | 0.52 | 0.52 |
| Debt / EBITDA | 53.62 | - | - | - | - | - |
| Interest coverage | -1.2x | -9.3x | -4.1x | -3.3x | -0.0x | 0.1x |
| Equity multiplier | -2.30 | -3.04 | -26.51 | 8.67 | 4.77 | 4.65 |
| Liabilities / Assets | 1.44 | 1.33 | 1.04 | 0.88 | 0.79 | 0.78 |
| Efficiency | ||||||
| Asset turnover | 0.96 | 0.90 | 0.72 | 0.57 | 0.48 | 0.42 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 36d | 40d | 42d | 73d | 67d | 65d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | 1.0x | 1.8x | - |
| P / S | 0.1x | 0.2x | 0.1x | 0.2x | 0.8x | - |
| EV / EBITDA | 56.1x | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -1.9% | -7.4% | -5.3% | 3.7% | 11.2% | - |
| Revenue CAGR (3y) | -4.9% | -3.1% | 3.0% | - | - | - |
| Revenue CAGR (5y) | -0.2% | - | - | - | - | - |
| Gross profit growth (YoY) | -5.1% | -15.2% | -26.6% | -8.5% | -4.8% | - |
| Operating income growth (YoY) | 88.9% | -1.1% | -32.5% | -27060.0% | - | - |
| Net income growth (YoY) | 73.7% | -2.4% | -4.1% | -268.7% | 11.2% | - |
| EPS growth (YoY) | 75.1% | 1.8% | -2.1% | -178.1% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 67.2% | -36.6% | 131100.0% | - |
| FCF CAGR (5y) | 239.8% | - | - | - | - | - |
| Book value growth (YoY) | -21.4% | -550.0% | - | -52.6% | -3.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.69B totalPublic Cloud Services Segment$1.70B · 63.1%
Private Cloud Service Segment$989.70M · 36.9%
Geographic
$2.69B totalUS$1.78B · 66.3%
Other Foreign Countries$539.10M · 20.1%
GB$365.20M · 13.6%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.53
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing Rackspace Technology against the 5 most active filers in the same SIC group.