Rackspace Technology (RXT) Financials

$1.16 +0.04 (+3.57%)

Closing price 04:00 PM Eastern

Extended Trading

$1.18 +0.02 (+1.29%)

As of 06:33 PM Eastern

Annual Income Statements for Rackspace Technology

This table shows Rackspace Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-858	-838	-805
Consolidated Net Income / (Loss)	-858	-838	-805
Net Income / (Loss) Continuing Operations	-858	-838	-805
Total Pre-Tax Income	-882	-854	-898
Total Operating Income	-909	-899	-679
Total Gross Profit	533	629	857
Total Revenue	2,737	2,957	3,122
Operating Revenue	2,737	2,957	3,122
Total Cost of Revenue	2,204	2,328	2,265
Operating Cost of Revenue	2,204	2,328	2,265
Total Operating Expenses	1,443	1,528	1,536
Selling, General & Admin Expense	708	767	855
Impairment Charge	735	761	681
Total Other Income / (Expense), net	28	45	-219
Interest Expense	-49	-50	209
Interest & Investment Income	0.10	0.30	-0.20
Other Income / (Expense), net	-22	-5.00	-10
Income Tax Expense	-23	-17	-93
Basic Earnings per Share	($3.82)	($3.89)	($3.81)
Weighted Average Basic Shares Outstanding	224.80M	215.30M	211.20M
Diluted Earnings per Share	($3.82)	($3.89)	($3.81)
Weighted Average Diluted Shares Outstanding	224.80M	215.30M	211.20M
Weighted Average Basic & Diluted Shares Outstanding	237.31M	219.76M	212.85M

This table shows Rackspace Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-56	-187	25	-641	28	-227	-27	-612	-214	-512
Consolidated Net Income / (Loss)	-56	-187	25	-641	28	-227	-27	-612	-214	-512
Net Income / (Loss) Continuing Operations	-56	-187	25	-641	28	-227	-27	-612	-214	-512
Total Pre-Tax Income	-57	-175	-4.90	-645	38	-243	-26	-623	-277	-535
Total Operating Income	-29	-174	-54	-653	-15	-239	-64	-581	-227	-477
Total Gross Profit	132	138	131	133	154	152	153	170	200	207
Total Revenue	686	676	685	691	720	732	746	759	787	788
Operating Revenue	686	676	685	691	720	732	746	759	787	788
Total Cost of Revenue	554	538	554	558	566	580	593	589	587	581
Operating Cost of Revenue	554	538	554	558	566	580	593	589	587	581
Total Operating Expenses	161	311	185	786	169	391	217	751	427	684
Selling, General & Admin Expense	161	170	185	192	166	177	217	208	210	220
Total Other Income / (Expense), net	-28	-0.90	49	7.50	53	-3.70	38	-42	-50	-58
Interest Expense	18	0.00	-54	-13	-57	1.10	-38	44	56	52
Interest & Investment Income	-0.10	0.10	0.00	0.10	0.10	0.00	0.10	0.10	0.20	-0.10
Other Income / (Expense), net	-9.90	-1.00	-5.20	-5.60	-4.70	-2.60	0.20	2.10	5.50	-6.00
Income Tax Expense	-0.70	12	-30	-4.70	9.50	-17	1.30	-11	-63	-23
Basic Earnings per Share	($0.20)	($0.82)	$0.11	($2.91)	$0.16	($1.05)	($0.13)	($2.87)	($1.01)	($2.43)
Weighted Average Basic Shares Outstanding	224.80M	226.40M	224.50M	219.80M	215.30M	216M	215.10M	213.20M	211.20M	210.80M
Diluted Earnings per Share	($0.20)	($0.82)	$0.11	($2.91)	$0.16	($1.05)	($0.13)	($2.87)	($1.01)	($2.43)
Weighted Average Diluted Shares Outstanding	224.80M	226.40M	229.60M	219.80M	215.30M	216M	215.10M	213.20M	211.20M	210.80M
Weighted Average Basic & Diluted Shares Outstanding	237.31M	227.57M	226.03M	223.85M	219.76M	216.41M	215.89M	215.08M	212.85M	211.11M

This table details how cash moves in and out of Rackspace Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-53	-32	-44
Net Cash From Operating Activities	40	375	247
Net Cash From Continuing Operating Activities	40	375	247
Net Income / (Loss) Continuing Operations	-858	-838	-805
Consolidated Net Income / (Loss)	-858	-838	-805
Depreciation Expense	295	370	388
Amortization Expense	70	81	68
Non-Cash Adjustments To Reconcile Net Income	630	563	766
Changes in Operating Assets and Liabilities, net	-97	199	-170
Net Cash From Investing Activities	-87	-96	-98
Net Cash From Continuing Investing Activities	-87	-96	-98
Purchase of Property, Plant & Equipment	-111	-97	-80
Acquisitions	0.00	0.00	-7.70
Sale of Property, Plant & Equipment	17	0.00	0.00
Other Investing Activities, net	7.60	0.90	-9.80
Net Cash From Financing Activities	-3.00	-313	-187
Net Cash From Continuing Financing Activities	-3.00	-313	-187
Repayment of Debt	-185	-242	-26
Repurchase of Common Equity	0.00	0.00	-31
Issuance of Debt	275	50	0.00
Issuance of Common Equity	0.90	1.30	3.70
Other Financing Activities, net	-94	-122	-133
Effect of Exchange Rate Changes	-3.00	2.20	-5.80
Cash Interest Paid	104	214	178
Cash Income Taxes Paid	11	12	11

This table details how cash moves in and out of Rackspace Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-13	-33	-92	86	-81	118	-14	-54	-21	-12
Net Cash From Operating Activities	54	52	24	-90	72	267	38	-1.90	28	71
Net Cash From Continuing Operating Activities	54	52	24	-90	72	267	38	-1.90	28	71
Net Income / (Loss) Continuing Operations	-56	-187	25	-641	28	-227	-27	-612	-214	-512
Consolidated Net Income / (Loss)	-56	-187	25	-641	28	-227	-27	-612	-214	-512
Depreciation Expense	73	73	74	75	87	90	98	95	91	97
Amortization Expense	15	24	17	14	17	17	29	17	18	17
Non-Cash Adjustments To Reconcile Net Income	21	137	-53	525	-87	175	-71	546	233	490
Changes in Operating Assets and Liabilities, net	0.90	4.60	-40	-63	27	211	9.00	-48	-100	-21
Net Cash From Investing Activities	-18	-19	-38	-11	-34	-27	-23	-12	-14	-33
Net Cash From Continuing Investing Activities	-18	-19	-38	-11	-34	-27	-23	-12	-14	-33
Purchase of Property, Plant & Equipment	-20	-25	-39	-28	-34	-28	-23	-12	-15	-19
Other Investing Activities, net	2.20	5.10	0.20	0.10	0.20	0.10	0.20	0.40	0.60	-14
Net Cash From Financing Activities	-46	-67	-78	188	-121	-121	-30	-41	-38	-44
Net Cash From Continuing Financing Activities	-46	-67	-78	188	-121	-121	-30	-41	-38	-44
Repayment of Debt	-25	-47	-56	-58	-90	-85	-52	-15	-5.70	-8.20
Issuance of Common Equity	0.50	-	-	-	0.50	-	-	-	1.00	-
Other Financing Activities, net	-22	-21	-22	-29	-32	-36	-29	-26	-34	-36
Effect of Exchange Rate Changes	-3.70	2.00	-0.30	-1.00	1.90	-1.10	0.50	0.90	4.40	-5.10
Cash Interest Paid	20	14	17	53	48	53	64	50	51	43
Cash Income Taxes Paid	1.10	2.90	5.80	1.00	2.00	4.30	3.90	1.70	1.50	-0.90

This table presents Rackspace Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	3,054	4,096	5,457
Total Current Assets	619	738	1,073
Cash & Equivalents	144	197	228
Accounts Receivable	299	340	622
Prepaid Expenses	85	87	97
Other Current Assets	91	114	125
Plant, Property, & Equipment, net	601	609	628
Total Noncurrent Assets	1,834	2,749	3,755
Goodwill	736	1,452	2,155
Intangible Assets	845	1,019	1,236
Other Noncurrent Operating Assets	254	278	364
Total Liabilities & Shareholders' Equity	3,054	4,096	5,457
Total Liabilities	4,058	4,251	4,827
Total Current Liabilities	767	800	857
Short-Term Debt	29	23	23
Accounts Payable	390	433	447
Current Deferred Revenue	84	79	81
Current Employee Benefit Liabilities	97	72	95
Other Current Liabilities	160	172	174
Other Current Nonoperating Liabilities	7.40	21	36
Total Noncurrent Liabilities	3,292	3,451	3,971
Long-Term Debt	2,756	2,840	3,295
Noncurrent Deferred & Payable Income Tax Liabilities	30	79	127
Other Noncurrent Operating Liabilities	505	532	549
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1,004	-155	630
Total Preferred & Common Equity	-1,004	-155	630
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-1,004	-155	630
Common Stock	2,685	2,640	2,576
Retained Earnings	-3,682	-2,824	-1,986
Treasury Stock	-31	-31	-31
Accumulated Other Comprehensive Income / (Loss)	24	60	71

This table presents Rackspace Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,146	3,394	3,516	4,280	4,665	4,755	5,688
Total Current Assets	649	696	788	845	914	970	1,034
Cash & Equivalents	157	190	283	278	160	174	249
Accounts Receivable	312	323	303	349	544	572	593
Prepaid Expenses	95	87	111	93	90	112	95
Other Current Assets	84	97	91	125	120	112	96
Plant, Property, & Equipment, net	616	612	617	614	641	651	708
Total Noncurrent Assets	1,881	2,085	2,111	2,821	3,110	3,134	3,946
Goodwill	740	878	878	1,448	1,618	1,615	2,271
Intangible Assets	883	922	960	1,058	1,155	1,196	1,291
Other Noncurrent Operating Assets	258	286	273	315	337	324	385
Total Liabilities & Shareholders' Equity	3,146	3,394	3,516	4,280	4,665	4,755	5,688
Total Liabilities	4,096	4,150	4,303	4,463	4,633	4,730	4,872
Total Current Liabilities	769	771	754	825	776	791	826
Short-Term Debt	83	113	80	47	23	23	23
Accounts Payable	408	402	410	417	397	384	409
Current Deferred Revenue	69	73	79	82	74	101	88
Current Employee Benefit Liabilities	94	72	64	84	72	66	93
Other Current Liabilities	107	104	108	177	188	179	180
Other Current Nonoperating Liabilities	8.10	8.30	13	18	22	38	33
Total Noncurrent Liabilities	3,327	3,379	3,549	3,638	3,856	3,940	4,046
Long-Term Debt	2,782	2,816	2,974	3,012	3,174	3,269	3,299
Capital Lease Obligations	86	90	70	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	26	36	59	92	113	106	187
Other Noncurrent Operating Liabilities	432	437	446	535	569	565	559
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-950	-756	-787	-183	32	24	816
Total Preferred & Common Equity	-950	-756	-787	-183	32	24	816
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-950	-756	-787	-183	32	24	816
Common Stock	2,674	2,663	2,650	2,626	2,610	2,590	2,564
Retained Earnings	-3,626	-3,440	-3,465	-2,852	-2,626	-2,598	-1,772
Treasury Stock	-31	-31	-31	-31	-31	-31	-31
Accumulated Other Comprehensive Income / (Loss)	33	51	59	75	79	64	55

This table displays calculated financial ratios and metrics derived from Rackspace Technology's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-7.44%	-5.29%	3.75%
EBITDA Growth	-24.69%	-94.34%	-147.06%
EBIT Growth	-2.92%	-31.26%	-19,585.71%
NOPAT Growth	-1.08%	-32.46%	-27,060.00%
Net Income Growth	-2.43%	-4.10%	-268.67%
EPS Growth	1.80%	-2.10%	-262.86%
Operating Cash Flow Growth	-89.36%	51.97%	-33.47%
Free Cash Flow Firm Growth	-57.84%	221.31%	-26.10%
Invested Capital Growth	-35.03%	-32.59%	-14.95%
Revenue Q/Q Growth	-1.23%	-2.23%	0.31%
EBITDA Q/Q Growth	-6.58%	30.28%	-751.82%
EBIT Q/Q Growth	-2.06%	18.24%	-39.50%
NOPAT Q/Q Growth	-1.52%	19.08%	-41.90%
Net Income Q/Q Growth	-10.85%	22.41%	-19.46%
EPS Q/Q Growth	-10.40%	23.12%	-19.44%
Operating Cash Flow Q/Q Growth	-30.97%	13.54%	-11.51%
Free Cash Flow Firm Q/Q Growth	83.01%	12.70%	-16.61%
Invested Capital Q/Q Growth	-11.23%	-3.24%	-4.24%
Profitability Metrics	-	-	-
Gross Margin	19.49%	21.26%	27.44%
EBITDA Margin	-20.66%	-15.34%	-7.48%
Operating Margin	-33.21%	-30.41%	-21.75%
EBIT Margin	-34.01%	-30.58%	-22.07%
Profit (Net Income) Margin	-31.35%	-28.33%	-25.78%
Tax Burden Percent	97.36%	98.06%	89.65%
Interest Burden Percent	94.70%	94.47%	130.29%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-30.47%	-20.03%	-11.63%
ROIC Less NNEP Spread (ROIC-NNEP)	-38.79%	-27.19%	-22.24%
Return on Net Nonoperating Assets (RNNOA)	178.60%	-332.73%	-70.62%
Return on Equity (ROE)	148.13%	-352.76%	-82.25%
Cash Return on Invested Capital (CROIC)	12.00%	18.91%	4.53%
Operating Return on Assets (OROA)	-26.04%	-18.93%	-11.69%
Return on Assets (ROA)	-24.00%	-17.54%	-13.66%
Return on Common Equity (ROCE)	148.13%	-352.76%	-82.25%
Return on Equity Simple (ROE_SIMPLE)	85.46%	542.27%	-127.85%
Net Operating Profit after Tax (NOPAT)	-636	-630	-475
NOPAT Margin	-23.25%	-21.29%	-15.22%
Net Nonoperating Expense Percent (NNEP)	8.32%	7.16%	10.60%
Return On Investment Capital (ROIC_SIMPLE)	-35.72%	-23.25%	-12.04%
Cost of Revenue to Revenue	80.51%	78.74%	72.56%
SG&A Expenses to Revenue	25.85%	25.94%	27.39%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	52.70%	51.68%	49.19%
Earnings before Interest and Taxes (EBIT)	-931	-904	-689
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-566	-454	-233
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.99
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.18	0.15	0.20
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.91	1.22	0.99
Enterprise Value to Revenue (EV/Rev)	1.15	1.05	1.19
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	78.81	8.27	15.05
Enterprise Value to Free Cash Flow (EV/FCFF)	12.55	5.21	20.07
Leverage & Solvency	-	-	-
Debt to Equity	-2.77	-18.53	5.27
Long-Term Debt to Equity	-2.74	-18.38	5.23
Financial Leverage	-4.60	12.24	3.18
Leverage Ratio	-6.17	20.11	6.02
Compound Leverage Factor	-5.84	19.00	7.85
Debt to Total Capital	156.37%	105.71%	84.05%
Short-Term Debt to Total Capital	1.64%	0.85%	0.58%
Long-Term Debt to Total Capital	154.73%	104.86%	83.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-56.37%	-5.71%	15.95%
Debt to EBITDA	-4.93	-6.31	-14.22
Net Debt to EBITDA	-4.67	-5.88	-13.24
Long-Term Debt to EBITDA	-4.87	-6.26	-14.12
Debt to NOPAT	-4.38	-4.55	-6.98
Net Debt to NOPAT	-4.15	-4.23	-6.50
Long-Term Debt to NOPAT	-4.33	-4.51	-6.93
Altman Z-Score	-1.78	-0.93	-0.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.81	0.92	1.25
Quick Ratio	0.58	0.67	0.99
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	251	594	185
Operating Cash Flow to CapEx	42.36%	386.89%	306.84%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.89
Operating Cash Flow to Interest Expense	0.00	0.00	1.18
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.80
Efficiency Ratios	-	-	-
Asset Turnover	0.77	0.62	0.53
Accounts Receivable Turnover	8.57	6.15	5.31
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	4.52	4.78	4.29
Accounts Payable Turnover	5.36	5.29	5.55
Days Sales Outstanding (DSO)	42.57	59.36	68.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	68.10	68.98	65.80
Cash Conversion Cycle (CCC)	-25.53	-9.61	2.97
Capital & Investment Metrics	-	-	-
Invested Capital	1,645	2,532	3,756
Invested Capital Turnover	1.31	0.94	0.76
Increase / (Decrease) in Invested Capital	-887	-1,224	-660
Enterprise Value (EV)	3,145	3,099	3,713
Market Capitalization	503	433	623
Book Value per Share	($4.41)	($0.71)	$2.98
Tangible Book Value per Share	($11.36)	($12.13)	($13.08)
Total Capital	1,781	2,708	3,948
Total Debt	2,786	2,863	3,318
Total Long-Term Debt	2,756	2,840	3,295
Net Debt	2,642	2,666	3,090
Capital Expenditures (CapEx)	94	97	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-263	-235	11
Debt-free Net Working Capital (DFNWC)	-119	-38	240
Net Working Capital (NWC)	-148	-61	217
Net Nonoperating Expense (NNE)	222	208	330
Net Nonoperating Obligations (NNO)	2,649	2,686	3,126
Total Depreciation and Amortization (D&A)	365	451	456
Debt-free, Cash-free Net Working Capital to Revenue	-9.59%	-7.95%	0.36%
Debt-free Net Working Capital to Revenue	-4.33%	-1.30%	7.68%
Net Working Capital to Revenue	-5.40%	-2.08%	6.94%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.82)	($3.89)	($3.81)
Adjusted Weighted Average Basic Shares Outstanding	224.80M	215.30M	211.20M
Adjusted Diluted Earnings per Share	($3.82)	($3.89)	($3.81)
Adjusted Weighted Average Diluted Shares Outstanding	224.80M	215.30M	211.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	237.31M	219.76M	212.85M
Normalized Net Operating Profit after Tax (NOPAT)	-122	-97	1.12
Normalized NOPAT Margin	-4.46%	-3.28%	0.04%
Pre Tax Income Margin	-32.21%	-28.89%	-28.75%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	-3.30
NOPAT to Interest Expense	0.00	0.00	-2.28
EBIT Less CapEx to Interest Expense	0.00	0.00	-3.69
NOPAT Less CapEx to Interest Expense	0.00	0.00	-2.67
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-3.85%

This table displays calculated financial ratios and metrics derived from Rackspace Technology's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.74%	-7.73%	-8.23%	-8.95%	-8.55%	-7.01%	-3.35%	-2.17%	1.25%	3.29%
EBITDA Growth	-41.30%	42.38%	-49.45%	-21.99%	175.11%	63.52%	-43.61%	-445.49%	-220.32%	-408.54%
EBIT Growth	-94.47%	27.81%	7.23%	-13.73%	91.02%	49.87%	-3,247.37%	-3,446.24%	-733.46%	-17,139.29%
NOPAT Growth	-77.63%	27.44%	15.67%	-12.36%	92.86%	49.78%	-1,695.00%	-2,879.90%	-750.94%	-16,337.93%
Net Income Growth	-300.00%	17.65%	191.91%	-4.67%	113.08%	55.72%	33.00%	-1,489.61%	-158.14%	-1,370.40%
EPS Growth	-225.00%	21.90%	184.62%	-1.39%	115.84%	56.79%	31.58%	-1,494.44%	-158.97%	-1,329.41%
Operating Cash Flow Growth	-24.79%	-80.58%	-36.24%	-4,652.63%	162.55%	277.37%	-55.00%	-102.95%	-53.86%	-30.89%
Free Cash Flow Firm Growth	-28.52%	-43.56%	-22.45%	-22.56%	141.92%	409.98%	746.52%	363.90%	114.76%	83.22%
Invested Capital Growth	-35.03%	-29.19%	-32.69%	-34.98%	-32.59%	-33.28%	-29.59%	-28.27%	-14.95%	-12.43%
Revenue Q/Q Growth	1.45%	-1.33%	-0.85%	-4.02%	-1.73%	-1.86%	-1.63%	-3.60%	-0.08%	1.99%
EBITDA Q/Q Growth	164.00%	-341.43%	105.63%	-774.32%	162.83%	-311.81%	113.59%	-315.20%	69.49%	-427.44%
EBIT Q/Q Growth	77.85%	-196.10%	91.04%	-3,208.54%	91.78%	-280.50%	89.01%	-161.12%	54.07%	-25,305.26%
NOPAT Q/Q Growth	83.42%	-222.86%	91.76%	-3,926.32%	93.23%	-275.24%	89.02%	-155.72%	52.34%	-12,017.50%
Net Income Q/Q Growth	69.99%	-846.40%	103.90%	-2,387.86%	112.36%	-733.09%	95.56%	-185.98%	58.18%	-1,160.34%
EPS Q/Q Growth	75.61%	-845.45%	103.78%	-1,918.75%	115.24%	-707.69%	95.47%	-184.16%	58.44%	-1,178.95%
Operating Cash Flow Q/Q Growth	4.83%	114.94%	126.69%	-225.07%	-72.94%	605.82%	2,089.47%	-106.91%	-61.10%	-15.83%
Free Cash Flow Firm Q/Q Growth	34.98%	-33.99%	48.45%	-38.87%	6.58%	-9.30%	48.24%	68.83%	124.67%	50.55%
Invested Capital Q/Q Growth	-11.23%	-10.96%	0.64%	-22.63%	-3.24%	-15.36%	-2.78%	-15.33%	-4.24%	-10.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.21%	20.35%	19.19%	19.22%	21.41%	20.75%	20.51%	22.35%	25.39%	26.30%
EBITDA Margin	7.23%	-11.47%	4.69%	-82.48%	11.74%	-18.36%	8.51%	-61.57%	-14.29%	-46.81%
Operating Margin	-4.20%	-25.70%	-7.86%	-94.50%	-2.11%	-32.69%	-8.55%	-76.58%	-28.87%	-60.53%
EBIT Margin	-5.64%	-25.85%	-8.61%	-95.31%	-2.77%	-33.04%	-8.52%	-76.30%	-28.17%	-61.29%
Profit (Net Income) Margin	-8.17%	-27.61%	3.65%	-92.73%	3.89%	-30.94%	-3.64%	-80.66%	-27.19%	-64.97%
Tax Burden Percent	98.77%	106.87%	-510.20%	99.27%	74.67%	93.21%	105.02%	98.25%	77.23%	95.63%
Interest Burden Percent	146.51%	99.94%	8.31%	98.01%	-188.44%	100.45%	40.72%	107.60%	124.99%	110.86%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	25.33%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-3.85%	-22.31%	-6.01%	-72.84%	-1.48%	-21.17%	-4.93%	-43.73%	-15.44%	-31.40%
ROIC Less NNEP Spread (ROIC-NNEP)	-5.20%	-24.63%	-3.89%	-78.95%	-0.13%	-23.16%	-4.36%	-50.31%	-17.21%	-37.12%
Return on Net Nonoperating Assets (RNNOA)	23.93%	121.84%	31.65%	622.09%	-1.58%	-216.20%	-20.16%	-229.52%	-54.66%	-105.51%
Return on Equity (ROE)	20.08%	99.53%	25.63%	549.25%	-3.07%	-237.37%	-25.08%	-273.25%	-70.10%	-136.90%
Cash Return on Invested Capital (CROIC)	12.00%	6.13%	13.06%	16.48%	18.91%	16.13%	9.49%	9.36%	4.53%	5.28%
Operating Return on Assets (OROA)	-4.32%	-19.29%	-6.05%	-66.59%	-1.71%	-20.05%	-4.83%	-42.83%	-14.93%	-31.59%
Return on Assets (ROA)	-6.25%	-20.61%	2.56%	-64.79%	2.41%	-18.77%	-2.06%	-45.28%	-14.41%	-33.48%
Return on Common Equity (ROCE)	20.08%	99.53%	25.63%	549.25%	-3.07%	-237.37%	-25.08%	-273.25%	-70.10%	-136.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	81.52%	107.67%	110.06%	0.00%	590.70%	-4,278.68%	0.00%	0.00%	-82.60%
Net Operating Profit after Tax (NOPAT)	-20	-122	-38	-457	-11	-168	-45	-407	-159	-334
NOPAT Margin	-2.94%	-17.99%	-5.50%	-66.15%	-1.58%	-22.88%	-5.98%	-53.60%	-20.21%	-42.37%
Net Nonoperating Expense Percent (NNEP)	1.34%	2.32%	-2.13%	6.11%	-1.35%	2.00%	-0.57%	6.58%	1.77%	5.73%
Return On Investment Capital (ROIC_SIMPLE)	-1.13%	-	-	-	-0.42%	-	-	-	-4.03%	-
Cost of Revenue to Revenue	80.79%	79.65%	80.81%	80.78%	78.59%	79.25%	79.49%	77.65%	74.61%	73.70%
SG&A Expenses to Revenue	23.41%	25.08%	27.04%	27.85%	23.00%	24.21%	29.06%	27.35%	26.72%	27.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.41%	46.05%	27.04%	113.72%	23.52%	53.44%	29.06%	98.93%	54.26%	86.82%
Earnings before Interest and Taxes (EBIT)	-39	-175	-59	-658	-20	-242	-64	-579	-222	-483
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	-78	32	-570	85	-135	64	-467	-113	-369
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	18.34	16.40	0.99	1.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.18	0.20	0.24	0.12	0.15	0.17	0.19	0.13	0.20	0.28
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.91	1.81	1.68	1.54	1.22	1.26	1.17	1.11	0.99	1.00
Enterprise Value to Revenue (EV/Rev)	1.15	1.21	1.24	1.10	1.05	1.09	1.18	1.13	1.19	1.26
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	78.81	57.93	12.81	11.13	8.27	9.96	27.01	19.51	15.05	14.10
Enterprise Value to Free Cash Flow (EV/FCFF)	12.55	24.45	10.35	7.37	5.21	6.24	10.20	9.87	20.07	17.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.77	-3.11	-3.99	-3.97	-18.53	-16.73	100.23	134.92	5.27	4.07
Long-Term Debt to Equity	-2.74	-3.02	-3.84	-3.87	-18.38	-16.47	99.51	133.98	5.23	4.05
Financial Leverage	-4.60	-4.95	-8.14	-7.88	12.24	9.33	4.62	4.56	3.18	2.84
Leverage Ratio	-6.17	-6.56	-11.13	-10.84	20.11	15.75	8.17	8.08	6.02	5.52
Compound Leverage Factor	-9.04	-6.55	-0.92	-10.63	-37.90	15.82	3.33	8.70	7.53	6.12
Debt to Total Capital	156.37%	147.44%	133.42%	133.69%	105.71%	106.36%	99.01%	99.26%	84.05%	80.29%
Short-Term Debt to Total Capital	1.64%	4.14%	4.98%	3.43%	0.85%	1.65%	0.71%	0.69%	0.58%	0.56%
Long-Term Debt to Total Capital	154.73%	143.30%	128.44%	130.25%	104.86%	104.71%	98.30%	98.57%	83.47%	79.73%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-56.37%	-47.44%	-33.42%	-33.69%	-5.71%	-6.36%	0.99%	0.74%	15.95%	19.71%
Debt to EBITDA	-4.93	-5.56	-5.14	-5.62	-6.31	-4.70	-3.61	-3.94	-14.22	-121.25
Net Debt to EBITDA	-4.67	-5.27	-4.81	-5.11	-5.88	-4.27	-3.43	-3.73	-13.24	-112.16
Long-Term Debt to EBITDA	-4.87	-5.41	-4.95	-5.47	-6.26	-4.63	-3.59	-3.91	-14.12	-120.41
Debt to NOPAT	-4.38	-4.71	-4.49	-4.60	-4.55	-3.93	-3.39	-3.67	-6.98	-9.92
Net Debt to NOPAT	-4.15	-4.46	-4.20	-4.18	-4.23	-3.57	-3.22	-3.48	-6.50	-9.18
Long-Term Debt to NOPAT	-4.33	-4.58	-4.32	-4.48	-4.51	-3.87	-3.36	-3.65	-6.93	-9.85
Altman Z-Score	-0.82	-0.88	-0.57	-1.12	-0.22	-0.34	-0.06	-0.42	0.05	-0.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.81	0.84	0.90	1.05	0.92	1.02	1.18	1.23	1.25	1.25
Quick Ratio	0.58	0.61	0.67	0.78	0.67	0.76	0.91	0.94	0.99	1.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	867	642	973	655	1,213	1,138	1,255	846	501	223
Operating Cash Flow to CapEx	272.86%	211.43%	62.44%	-806.25%	212.98%	970.18%	161.54%	-15.70%	183.33%	372.11%
Free Cash Flow to Firm to Interest Expense	48.43	0.00	0.00	0.00	0.00	1,034.38	0.00	19.19	9.02	4.27
Operating Cash Flow to Interest Expense	3.03	0.00	0.00	0.00	0.00	242.55	0.00	-0.04	0.49	1.35
Operating Cash Flow Less CapEx to Interest Expense	1.92	0.00	0.00	0.00	0.00	217.55	0.00	-0.32	0.22	0.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.75	0.70	0.70	0.62	0.61	0.57	0.56	0.53	0.52
Accounts Receivable Turnover	8.57	8.39	6.53	6.60	6.15	6.42	5.46	5.41	5.31	5.52
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.52	4.50	4.51	4.56	4.78	4.58	4.40	4.30	4.29	0.00
Accounts Payable Turnover	5.36	5.37	5.65	5.78	5.29	5.69	5.99	5.95	5.55	5.69
Days Sales Outstanding (DSO)	42.57	43.50	55.93	55.26	59.36	56.85	66.83	67.45	68.77	66.08
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	68.10	67.94	64.58	63.11	68.98	64.14	60.96	61.31	65.80	64.18
Cash Conversion Cycle (CCC)	-25.53	-24.44	-8.66	-7.85	-9.61	-7.29	5.87	6.13	2.97	1.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,645	1,853	2,081	2,068	2,532	2,617	3,091	3,180	3,756	3,922
Invested Capital Turnover	1.31	1.24	1.09	1.10	0.94	0.93	0.82	0.82	0.76	0.74
Increase / (Decrease) in Invested Capital	-887	-764	-1,011	-1,112	-1,224	-1,305	-1,299	-1,253	-660	-557
Enterprise Value (EV)	3,145	3,348	3,496	3,189	3,099	3,289	3,623	3,518	3,713	3,932
Market Capitalization	503	554	667	347	433	507	585	400	623	859
Book Value per Share	($4.41)	($4.20)	($3.38)	($3.58)	($0.71)	($0.85)	$0.15	$0.11	$2.98	$3.87
Tangible Book Value per Share	($11.36)	($11.38)	($11.42)	($11.95)	($12.13)	($12.45)	($12.74)	($13.09)	($13.08)	($13.04)
Total Capital	1,781	2,002	2,263	2,337	2,708	2,876	3,229	3,316	3,948	4,138
Total Debt	2,786	2,952	3,019	3,124	2,863	3,059	3,197	3,292	3,318	3,322
Total Long-Term Debt	2,756	2,869	2,906	3,044	2,840	3,012	3,174	3,269	3,295	3,299
Net Debt	2,642	2,795	2,829	2,842	2,666	2,781	3,038	3,118	3,090	3,073
Capital Expenditures (CapEx)	20	25	39	11	34	28	23	12	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-263	-194	-153	-168	-235	-210	0.30	28	11	-19
Debt-free Net Working Capital (DFNWC)	-119	-37	38	115	-38	68	160	202	240	231
Net Working Capital (NWC)	-148	-120	-75	34	-61	20	137	179	217	208
Net Nonoperating Expense (NNE)	36	65	-63	184	-39	59	-17	205	55	178
Net Nonoperating Obligations (NNO)	2,649	2,803	2,837	2,855	2,686	2,800	3,060	3,156	3,126	3,107
Total Depreciation and Amortization (D&A)	88	97	91	89	104	108	127	112	109	114
Debt-free, Cash-free Net Working Capital to Revenue	-9.59%	-7.02%	-5.40%	-5.81%	-7.95%	-6.95%	0.01%	0.89%	0.36%	-0.59%
Debt-free Net Working Capital to Revenue	-4.33%	-1.35%	1.33%	3.97%	-1.30%	2.24%	5.20%	6.50%	7.68%	7.41%
Net Working Capital to Revenue	-5.40%	-4.34%	-2.66%	1.19%	-2.08%	0.67%	4.46%	5.76%	6.94%	6.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.20)	($0.82)	$0.11	($2.91)	$0.16	($1.05)	($0.13)	($2.87)	($1.01)	($2.43)
Adjusted Weighted Average Basic Shares Outstanding	224.80M	226.40M	224.50M	219.80M	215.30M	216M	215.10M	213.20M	211.20M	210.80M
Adjusted Diluted Earnings per Share	($0.20)	($0.82)	$0.11	($2.91)	$0.16	($1.05)	($0.13)	($2.87)	($1.01)	($2.43)
Adjusted Weighted Average Diluted Shares Outstanding	224.80M	226.40M	229.60M	219.80M	215.30M	216M	215.10M	213.20M	211.20M	210.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	237.31M	227.57M	226.03M	223.85M	219.76M	216.41M	215.89M	215.08M	212.85M	211.11M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-22	-38	-42	-8.51	-18	-45	-27	-7.35	-8.96
Normalized NOPAT Margin	-2.94%	-3.31%	-5.50%	-6.04%	-1.18%	-2.42%	-5.98%	-3.50%	-0.93%	-1.14%
Pre Tax Income Margin	-8.27%	-25.84%	-0.72%	-93.41%	5.21%	-33.19%	-3.47%	-82.10%	-35.21%	-67.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.16	0.00	0.00	0.00	0.00	-220.00	0.00	-13.13	-3.99	-9.23
NOPAT to Interest Expense	-1.13	0.00	0.00	0.00	0.00	-152.35	0.00	-9.22	-2.86	-6.38
EBIT Less CapEx to Interest Expense	-3.27	0.00	0.00	0.00	0.00	-245.00	0.00	-13.40	-4.26	-9.59
NOPAT Less CapEx to Interest Expense	-2.24	0.00	0.00	0.00	0.00	-177.35	0.00	-9.50	-3.13	-6.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.85%	-4.60%

Frequently Asked Questions About Rackspace Technology's Financials

When does Rackspace Technology's financial year end?

According to the most recent income statement we have on file, Rackspace Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Rackspace Technology's net income changed over the last 2 years?

Rackspace Technology's net income appears to be on an upward trend, with a most recent value of -$858.20 million in 2024, rising from -$804.80 million in 2022. The previous period was -$837.80 million in 2023. See where experts think Rackspace Technology is headed by visiting Rackspace Technology's forecast page.

What is Rackspace Technology's operating income?

Rackspace Technology's total operating income in 2024 was -$909.10 million, based on the following breakdown:

Total Gross Profit: $533.40 million
Total Operating Expenses: $1.44 billion

How has Rackspace Technology revenue changed over the last 2 years?

Over the last 2 years, Rackspace Technology's total revenue changed from $3.12 billion in 2022 to $2.74 billion in 2024, a change of -12.3%.

How much debt does Rackspace Technology have?

Rackspace Technology's total liabilities were at $4.06 billion at the end of 2024, a 4.5% decrease from 2023, and a 15.9% decrease since 2022.

How much cash does Rackspace Technology have?

In the past 2 years, Rackspace Technology's cash and equivalents has ranged from $144 million in 2024 to $228.40 million in 2022, and is currently $144 million as of their latest financial filing in 2024.

How has Rackspace Technology's book value per share changed over the last 2 years?

Over the last 2 years, Rackspace Technology's book value per share changed from 2.98 in 2022 to -4.41 in 2024, a change of -248.0%.

Related Companies

This page (NASDAQ:RXT) was last updated on 5/29/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Rackspace Technology (RXT) Financials

Frequently Asked Questions About Rackspace Technology's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Rackspace Technology (RXT) Financials

Annual Income Statements for Rackspace Technology

Quarterly Income Statements for Rackspace Technology

Annual Cash Flow Statements for Rackspace Technology

Quarterly Cash Flow Statements for Rackspace Technology

Annual Balance Sheets for Rackspace Technology

Quarterly Balance Sheets for Rackspace Technology

Annual Metrics And Ratios for Rackspace Technology

Quarterly Metrics And Ratios for Rackspace Technology

Frequently Asked Questions About Rackspace Technology's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools