# Rackspace Technology, Inc. (RXT)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $1.26B  
**Price:** $5.29 (+13.41%)

> Rackspace Technology, Inc. is an end-to-end hybrid, multicloud, and artificial intelligence solutions company. It designs, builds, and operates customers' cloud environments across all technology platforms, regardless of technology stack or deployment model. The company operates through two main segments. The Public Cloud segment provides value-added cloud solutions through managed services, elastic engineering, and professional services for environments hosted on Amazon Web Services, Microsoft Azure, and Google Cloud public cloud platforms. This service-centric, capital-light model caters to diverse customer needs in public cloud adoption. The Private Cloud segment offers managed services for environments in its own data centers or those owned by customers or third parties. Its product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service, and related offerings in a technology-forward, capital-intensive approach. Rackspace Technology serves enterprises seeking flexible, scalable IT infrastructure solutions in the IT services and consulting sector. Founded in 2000 and headquartered in San Antonio, Texas, it plays a key role in enabling hybrid and multicloud strategies worldwide.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.69B | $506M | -$101M | -$226M | — |
| 2024 | $2.74B | $533M | -$909M | -$858M | — |
| 2023 | $2.96B | $629M | -$899M | -$838M | — |
| 2022 | $3.12B | $857M | -$679M | -$805M | — |
| 2021 | $3.01B | $937M | -$3M | -$218M | — |
| 2020 | $2.71B | $984M | $25M | -$246M | — |
| 2019 | $2.44B | $1.01B | $102M | -$102M | — |
| 2018 | $2.45B | $1.01B | -$237M | -$471M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.80B | $4.02B | -$1.22B | $106M | $2.75B |
| 2024 | $3.05B | $4.06B | -$1.00B | $144M | $2.79B |
| 2023 | $4.10B | $4.25B | -$155M | $197M | $2.86B |
| 2022 | $5.46B | $4.83B | $630M | $228M | $3.32B |
| 2021 | $6.33B | $5.00B | $1.33B | $273M | $3.33B |
| 2020 | $6.38B | $4.99B | $1.38B | $105M | $3.36B |
| 2019 | $6.27B | $5.37B | $899M | $84M | $3.87B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $151M | $61M | $91M |
| 2024 | $40M | $111M | -$71M |
| 2023 | $375M | $97M | $278M |
| 2022 | $247M | $80M | $166M |
| 2021 | $371M | $108M | $262M |
| 2020 | $117M | $117M | $200,000 |
| 2019 | $293M | $198M | $95M |
| 2018 | $430M | $294M | $136M |

Source: [CompaniesByCap](https://companiesbycap.com/company/RXT)