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Rackspace Technology, Inc.

RXT Clue Score19
United States Fiscal year ends December CIK 0001810019
$3.68 -5.64% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.68 −75.69% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 5 Aug 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue2,452.8Operating income−237.2Net income−470.6Fiscal year 2019Revenue2,438.1 −0.6%Operating income101.6Net income−102.3EPS, diluted−0.62Fiscal year 2020Revenue2,707.1 +11.0%Operating income24.7Net income−245.8EPS, diluted−1.37Fiscal year 2021Revenue3,009.5 +11.2%Operating income−2.5Net income−218.3EPS, diluted−1.05Fiscal year 2022Revenue3,122.3 +3.7%Operating income−679.0Net income−804.8EPS, diluted−3.81Fiscal year 2023Revenue2,957.1 −5.3%Operating income−899.4Net income−837.8EPS, diluted−3.89Fiscal year 2024Revenue2,737.1 −7.4%Operating income−909.1Net income−858.2EPS, diluted−3.82Fiscal year 2025Revenue2,685.7 −1.9%Operating income−100.7Net income−225.8EPS, diluted−0.95
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,452.8 2,438.1 2,707.1 3,009.5 3,122.3 2,957.1 2,737.1 2,685.7
Growth −0.6% +11.0% +11.2% +3.7% −5.3% −7.4% −1.9%
Operating income −237.2 101.6 24.7 −2.5 −679.0 −899.4 −909.1 −100.7
Net income −470.6 −102.3 −245.8 −218.3 −804.8 −837.8 −858.2 −225.8
Growth
EPS, diluted n/a −0.62 −1.37 −1.05 −3.81 −3.89 −3.82 −0.95
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Gross margin41.1%Operating margin−9.7%Net margin−19.2%Free cash flow margin5.5%Fiscal year 2019Gross margin41.5%Operating margin4.2%Net margin−4.2%Free cash flow margin3.9%Fiscal year 2020Gross margin36.4%Operating margin0.9%Net margin−9.1%Free cash flow margin0.0%Fiscal year 2021Gross margin31.1%Operating margin−0.1%Net margin−7.3%Free cash flow margin8.7%Fiscal year 2022Gross margin27.4%Operating margin−21.7%Net margin−25.8%Free cash flow margin5.3%Fiscal year 2023Gross margin21.3%Operating margin−30.4%Net margin−28.3%Free cash flow margin9.4%Fiscal year 2024Gross margin19.5%Operating margin−33.2%Net margin−31.4%Free cash flow margin−2.6%Fiscal year 2025Gross margin18.9%Operating margin−3.7%Net margin−8.4%Free cash flow margin3.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 41.1% 41.5% 36.4% 31.1% 27.4% 21.3% 19.5% 18.9%
Operating margin −9.7% 4.2% 0.9% −0.1% −21.7% −30.4% −33.2% −3.7%
Net margin −19.2% −4.2% −9.1% −7.3% −25.8% −28.3% −31.4% −8.4%
Free cash flow margin 5.5% 3.9% 0.0% 8.7% 5.3% 9.4% −2.6% 3.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow429.8Capital expenditure−294.3Free cash flow135.5Buybacks0.0Fiscal year 2019Operating cash flow292.9Capital expenditure−198.0Free cash flow94.9 −30.0%Buybacks−2.2Fiscal year 2020Operating cash flow116.7Capital expenditure−116.5Free cash flow0.2 −99.8%Buybacks0.0Fiscal year 2021Operating cash flow370.8Capital expenditure−108.4Free cash flow262.4 +131,100.0%Buybacks0.0Fiscal year 2022Operating cash flow246.7Capital expenditure−80.4Free cash flow166.3 −36.6%Buybacks−31.0Fiscal year 2023Operating cash flow374.9Capital expenditure−96.9Free cash flow278.0 +67.2%Buybacks0.0Fiscal year 2024Operating cash flow39.9Capital expenditure−111.1Free cash flow−71.2 −125.6%Buybacks0.0Fiscal year 2025Operating cash flow151.4Capital expenditure−60.8Free cash flow90.6
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 429.8 292.9 116.7 370.8 246.7 374.9 39.9 151.4
Capital expenditure −294.3 −198.0 −116.5 −108.4 −80.4 −96.9 −111.1 −60.8
Free cash flow 135.5 94.9 0.2 262.4 166.3 278.0 −71.2 90.6
Growth −30.0% −99.8% +131,100.0% −36.6% +67.2% −125.6%
Buybacks 0.0 −2.2 0.0 0.0 −31.0 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash254.3Shareholders’ equity907.8Fiscal year 2019Cash83.8Total debt3,873.3Net cash (debt)−3,789.5Shareholders’ equity898.8Debt to equity4.31Fiscal year 2020Cash104.7Total debt3,362.7Net cash (debt)−3,258.0Shareholders’ equity1,383.7Debt to equity2.43Fiscal year 2021Cash272.8Total debt3,333.9Net cash (debt)−3,061.1Shareholders’ equity1,327.4Debt to equity2.51Fiscal year 2022Cash228.4Total debt3,318.4Net cash (debt)−3,090.0Shareholders’ equity629.5Debt to equity5.27Fiscal year 2023Cash196.8Total debt2,862.6Net cash (debt)−2,665.8Shareholders’ equity−154.5Fiscal year 2024Cash144.0Total debt2,785.6Net cash (debt)−2,641.6Shareholders’ equity−1,004.2Fiscal year 2025Cash105.8Total debt2,746.0Net cash (debt)−2,640.2Shareholders’ equity−1,219.5
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 254.3 83.8 104.7 272.8 228.4 196.8 144.0 105.8
Total debt n/a 3,873.3 3,362.7 3,333.9 3,318.4 2,862.6 2,785.6 2,746.0
Net cash (debt) n/a −3,789.5 −3,258.0 −3,061.1 −3,090.0 −2,665.8 −2,641.6 −2,640.2
Shareholders’ equity 907.8 898.8 1,383.7 1,327.4 629.5 −154.5 −1,004.2 −1,219.5
Debt to equity n/a 4.31 2.43 2.51 5.27 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,452.8 2,438.1 2,707.1 3,009.5 3,122.3 2,957.1 2,737.1 2,685.7
Growth −0.6% +11.0% +11.2% +3.7% −5.3% −7.4% −1.9%
1,445.7 1,426.9 1,722.7 2,072.7 2,265.4 2,328.3 2,203.7 2,179.3
1,007.1 1,011.2 984.4 936.8 856.9 628.8 533.4 506.4
Growth +0.4% −2.7% −4.8% −8.5% −26.6% −15.2% −5.1%
74.7 56.0 36.7 28.3 24.5 43.7 45.4 39.1
949.3 911.7 959.7 906.8 855.3 767.2 707.6 607.1
−237.2 101.6 24.7 −2.5 −679.0 −899.4 −909.1 −100.7
Growth −75.7% −110.1%
−500.5 −122.3 −312.0 −249.1 −897.7 −854.4 −881.5 −201.8
−29.9 −20.0 −66.2 −30.8 −92.9 −16.6 −23.3 24.0
−470.6 −102.3 −245.8 −218.3 −804.8 −837.8 −858.2 −225.8
Growth
Per share
n/a −0.62 −1.37 −1.05 −3.81 −3.89 −3.82 −0.95
n/a −0.62 −1.37 −1.05 −3.81 −3.89 −3.82 −0.95
Growth
165.2 165.3 179.6 208.0 211.2 215.3 224.8 238.7
n/a 165.3 179.6 208.0 211.2 215.3 224.8 238.7
Growth +8.7% +15.8% +1.5% +1.9% +4.4% +6.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 0.2% a year over five years.
  • The diluted share count rose 32.9% in five years, which is dilution.
  • Operating margin is down 4.7 points on five years ago, at -3.7%.
  • A net loss in 8 of 8 years on file.