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Rackspace Technology Inc $RXT

Information Technology

Russell 2000 Texas
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$2.74
-0.15 (-5.36%)
As of Oct 22, 2026, 2:53 PM EDT · cached
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Rackspace Technology Inc (RXT) is trading down at $2.74 (-5.36%), as of the latest quote. It is a Russell 2000 constituent in the Information Technology sector.

IPO: August 5, 2020 · $21.00 offering · NASDAQ · View IPO details →

Rackspace Technology Inc revenue & net income history (FY2018–FY2025)

RevenueNet incomeNet margin (right axis, %)
$3.12B$1.13B−$858.2MFY2018 revenue: $2.45BFY2018 net income: −$470.6M · Net margin −19.2%'18FY2019 revenue: $2.44BFY2019 net income: −$102.3M · Net margin −4.2%'19FY2020 revenue: $2.71BFY2020 net income: −$245.8M · Net margin −9.1%'20FY2021 revenue: $3.01BFY2021 net income: −$218.3M · Net margin −7.3%'21FY2022 revenue: $3.12BFY2022 net income: −$804.8M · Net margin −25.8%'22FY2023 revenue: $2.96BFY2023 net income: −$837.8M · Net margin −28.3%'23FY2024 revenue: $2.74BFY2024 net income: −$858.2M · Net margin −31.4%'24FY2025 revenue: $2.69BFY2025 net income: −$225.8M · Net margin −8.4%'25−31.4%0%50%FY2018 net margin: −19.2%FY2019 net margin: −4.2%FY2020 net margin: −9.1%FY2021 net margin: −7.3%FY2022 net margin: −25.8%FY2023 net margin: −28.3%FY2024 net margin: −31.4%FY2025 net margin: −8.4%
Rackspace Technology Inc annual financial statements
FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$2.45B$2.44B$2.71B$3.01B$3.12B$2.96B$2.74B$2.69B
Growth (year over year)—−0.6%+11.0%+11.2%+3.7%−5.3%−7.4%−1.9%
Gross profit$1.01B$1.01B$984.4M$936.8M$856.9M$628.8M$533.4M$506.4M
Gross margin41.1%41.5%36.4%31.1%27.4%21.3%19.5%18.9%
Operating income−$237.2M$101.6M$24.7M−$2.50M−$679.0M−$899.4M−$909.1M−$100.7M
Operating margin−9.7%4.2%0.9%−0.1%−21.7%−30.4%−33.2%−3.7%
Net income−$470.6M−$102.3M−$245.8M−$218.3M−$804.8M−$837.8M−$858.2M−$225.8M
Net margin−19.2%−4.2%−9.1%−7.3%−25.8%−28.3%−31.4%−8.4%
EPS (diluted)−$2.85−$0.62−$1.37−$1.05−$3.81−$3.89−$3.82−$0.95
Balance sheet
Cash and equivalents$254.3M$83.8M$104.7M$272.8M$228.4M$196.8M$144.0M$105.8M
Total assets—$6.27B$6.38B$6.33B$5.46B$4.10B$3.05B$2.80B
Total liabilities—$5.37B$4.99B$5.00B$4.83B$4.25B$4.06B$4.02B
Long-term debt—$3.84B$3.32B$3.31B$3.30B$2.84B$2.76B$2.72B
Shareholders' equity$907.8M$898.8M$1.38B$1.33B$629.5M−$154.5M−$1.00B−$1.22B
Cash flow
Operating cash flow$429.8M$292.9M$116.7M$370.8M$246.7M$374.9M$39.9M$151.4M
Capital expenditure$294.3M$198.0M$116.5M$108.4M$80.4M$96.9M$111.1M$60.8M
Free cash flow$135.5M$94.9M$200.0K$262.4M$166.3M$278.0M−$71.2M$90.6M
Share buybacks$0$2.20M$0$0$31.0M$0$0—

From Rackspace Technology Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Rackspace Technology Inc

Headquarters
San Antonio, Texas From SEC filings, Oct 2026

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