Rackspace Technology (RXT) Financials

$1.32 +0.04 (+3.13%)

Closing price 04:00 PM Eastern

Extended Trading

$1.32 -0.01 (-0.38%)

As of 05:42 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	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-805	-838	-858
Consolidated Net Income / (Loss)	-805	-838	-858
Net Income / (Loss) Continuing Operations	-805	-838	-858
Total Pre-Tax Income	-898	-854	-882
Total Operating Income	-679	-899	-909
Total Gross Profit	857	629	533
Total Revenue	3,122	2,957	2,737
Operating Revenue	3,122	2,957	2,737
Total Cost of Revenue	2,265	2,328	2,204
Operating Cost of Revenue	2,265	2,328	2,204
Total Operating Expenses	1,536	1,528	1,443
Selling, General & Admin Expense	855	767	708
Impairment Charge	681	761	735
Total Other Income / (Expense), net	-219	45	28
Interest Expense	209	-50	-49
Interest & Investment Income	-0.20	0.30	0.10
Other Income / (Expense), net	-10	-5.00	-22
Income Tax Expense	-93	-17	-23
Basic Earnings per Share	($3.81)	($3.89)	($3.82)
Weighted Average Basic Shares Outstanding	211.20M	215.30M	224.80M
Diluted Earnings per Share	($3.81)	($3.89)	($3.82)
Weighted Average Diluted Shares Outstanding	211.20M	215.30M	224.80M
Weighted Average Basic & Diluted Shares Outstanding	212.85M	219.76M	237.31M

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

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	2022	2023	2024
Net Change in Cash & Equivalents	-44	-32	-53
Net Cash From Operating Activities	247	375	40
Net Cash From Continuing Operating Activities	247	375	40
Net Income / (Loss) Continuing Operations	-805	-838	-858
Consolidated Net Income / (Loss)	-805	-838	-858
Depreciation Expense	388	370	295
Amortization Expense	68	81	70
Non-Cash Adjustments To Reconcile Net Income	766	563	630
Changes in Operating Assets and Liabilities, net	-170	199	-97
Net Cash From Investing Activities	-98	-96	-87
Net Cash From Continuing Investing Activities	-98	-96	-87
Purchase of Property, Plant & Equipment	-80	-97	-111
Acquisitions	-7.70	0.00	0.00
Sale of Property, Plant & Equipment	0.00	0.00	17
Other Investing Activities, net	-9.80	0.90	7.60
Net Cash From Financing Activities	-187	-313	-3.00
Net Cash From Continuing Financing Activities	-187	-313	-3.00
Repayment of Debt	-26	-242	-185
Repurchase of Common Equity	-31	0.00	0.00
Issuance of Debt	0.00	50	275
Issuance of Common Equity	3.70	1.30	0.90
Other Financing Activities, net	-133	-122	-94
Effect of Exchange Rate Changes	-5.80	2.20	-3.00
Cash Interest Paid	178	214	104
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-12	-21	-54	-14	118	-81	86	-92	-33	-13
Net Cash From Operating Activities	71	28	-1.90	38	267	72	-90	24	52	54
Net Cash From Continuing Operating Activities	71	28	-1.90	38	267	72	-90	24	52	54
Net Income / (Loss) Continuing Operations	-512	-214	-612	-27	-227	28	-641	25	-187	-56
Consolidated Net Income / (Loss)	-512	-214	-612	-27	-227	28	-641	25	-187	-56
Depreciation Expense	97	91	95	98	90	87	75	74	73	73
Amortization Expense	17	18	17	29	17	17	14	17	24	15
Non-Cash Adjustments To Reconcile Net Income	490	233	546	-71	175	-87	525	-53	137	21
Changes in Operating Assets and Liabilities, net	-21	-100	-48	9.00	211	27	-63	-40	4.60	0.90
Net Cash From Investing Activities	-33	-14	-12	-23	-27	-34	-11	-38	-19	-18
Net Cash From Continuing Investing Activities	-33	-14	-12	-23	-27	-34	-11	-38	-19	-18
Purchase of Property, Plant & Equipment	-19	-15	-12	-23	-28	-34	-28	-39	-25	-20
Other Investing Activities, net	-14	0.60	0.40	0.20	0.10	0.20	0.10	0.20	5.10	2.20
Net Cash From Financing Activities	-44	-38	-41	-30	-121	-121	188	-78	-67	-46
Net Cash From Continuing Financing Activities	-44	-38	-41	-30	-121	-121	188	-78	-67	-46
Repayment of Debt	-8.20	-5.70	-15	-52	-85	-90	-58	-56	-47	-25
Issuance of Common Equity	-	1.00	-	-	-	0.50	-	-	-	0.50
Other Financing Activities, net	-36	-34	-26	-29	-36	-32	-29	-22	-21	-22
Effect of Exchange Rate Changes	-5.10	4.40	0.90	0.50	-1.10	1.90	-1.00	-0.30	2.00	-3.70
Cash Interest Paid	43	51	50	64	53	48	53	17	14	20
Cash Income Taxes Paid	-0.90	1.50	1.70	3.90	4.30	2.00	1.00	5.80	2.90	1.10

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

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

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

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

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

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

Frequently Asked Questions About Rackspace Technology's Financials

When does Rackspace Technology's fiscal year end?

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

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 4/17/2025 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