Rackspace Technology, Inc. (RXT) 10-Year Financial Performance & Capital Metrics

RXT • • Industrial / General

TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Computing & Development Platforms

AboutRackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.Show more

Revenue $2.74B -7.4%
EBITDA -$546M -19.6%
Net Income -$858M -2.4%
EPS (Diluted) -3.82 +1.8%
Gross Margin 19.49% -11.2%
EBITDA Margin -19.95% -29.2%
Operating Margin -33.21% -9.2%
Net Margin -31.35% -10.7%
ROE -
ROIC -26.41% -42.6%
Debt/Equity -
Interest Coverage -9.28 -128.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y2.34%

3Y-3.11%

TTM-2.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM67.82%

EPS CAGR

10Y-

5Y-

3Y-

TTM69.34%

ROCE

10Y Avg-9.33%

5Y Avg-13.68%

3Y Avg-22.93%

Latest-32.56%

Peer Comparison

Cloud Computing & Development Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUYATuya Inc.	1.19B	2.21	260	29.84%	9.12%	2.88%	5.65%	0.00
NTNXNutanix, Inc.	13.16B	48.67	74.88	18.11%	8.43%		5.7%
DOCNDigitalOcean Holdings, Inc.	4.84B	52.88	59.42	12.66%	29.15%		1.99%
ORCLOracle Corporation	545.46B	189.85	43.74	8.38%	25.28%	50.65%		4.96
WIXWix.com Ltd.	4.6B	83.77	35.50	12.74%	7.2%		10.44%
MSFTMicrosoft Corporation	3.39T	456.66	33.48	14.93%	35.71%	28.9%	2.11%	0.18
DOXAmdocs Limited	9.1B	84.29	16.69	-9.43%	12.48%	16.29%	7.09%	0.24
GDDYGoDaddy Inc.	14.51B	107.35	16.64	7.5%	17.01%	9.03%	8.69%	5.63

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.45B	2.44B	2.71B	3.01B	3.12B	2.96B	2.74B
Revenue Growth %	-	-0.01%	0.11%	0.11%	0.04%	-0.05%	-0.07%
Cost of Goods Sold+	1.45B	1.43B	1.72B	2.07B	2.27B	2.31B	2.2B
COGS % of Revenue	0.59%	0.59%	0.64%	0.69%	0.73%	0.78%	0.81%
Gross Profit+	1.01B	1.01B	984.4M	936.8M	856.9M	648.6M	533.4M
Gross Margin %	0.41%	0.41%	0.36%	0.31%	0.27%	0.22%	0.19%
Gross Profit Growth %	-	0%	-0.03%	-0.05%	-0.09%	-0.24%	-0.18%
Operating Expenses+	949.3M	909.6M	959.7M	939.3M	1.54B	1.55B	1.44B
OpEx % of Revenue	0.39%	0.37%	0.35%	0.31%	0.49%	0.52%	0.53%
Selling, General & Admin	949.3M	911.7M	959.7M	906.8M	855.3M	660M	707.6M
SG&A % of Revenue	0.39%	0.37%	0.35%	0.3%	0.27%	0.22%	0.26%
Research & Development	74.7M	0	36.7M	0	0	43.7M	0
R&D % of Revenue	0.03%	-	0.01%	-	-	0.01%	-
Other Operating Expenses	12.7M	-2.1M	-36.7M	32.5M	680.6M	844.3M	734.9M
Operating Income+	70.5M	101.6M	24.7M	-2.5M	-679M	-899.4M	-909.1M
Operating Margin %	0.03%	0.04%	0.01%	-0%	-0.22%	-0.3%	-0.33%
Operating Income Growth %	-	0.44%	-0.76%	-1.1%	-270.6%	-0.32%	-0.01%
EBITDA+	681.5M	668.1M	561.6M	488.2M	-231.5M	-456.5M	-546.1M
EBITDA Margin %	0.28%	0.27%	0.21%	0.16%	-0.07%	-0.15%	-0.2%
EBITDA Growth %	-	-0.02%	-0.16%	-0.13%	-1.47%	-0.97%	-0.2%
D&A (Non-Cash Add-back)	611M	566.5M	536.9M	490.7M	447.5M	442.9M	363M
EBIT	-219.4M	207.6M	-57.8M	-44M	-689.2M	-592.8M	-783.5M
Net Interest Income+	-281.1M	-329.9M	-268.4M	-205.1M	-208.5M	-221.6M	-98M
Interest Income	0	0	0	0	0	0	0
Interest Expense	281.1M	329.9M	268.4M	205.1M	208.5M	221.6M	98M
Other Income/Expense	-263.3M	-223.9M	-336.7M	-246.6M	-218.7M	45M	27.6M
Pretax Income+	-500.5M	-122.3M	-312M	-249.1M	-897.7M	-854.4M	-881.5M
Pretax Margin %	-0.2%	-0.05%	-0.12%	-0.08%	-0.29%	-0.29%	-0.32%
Income Tax+	-29.9M	-20M	-66.2M	-30.8M	-92.9M	-16.6M	-23.3M
Effective Tax Rate %	0.94%	0.84%	0.79%	0.88%	0.9%	0.98%	0.97%
Net Income+	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Net Margin %	-0.19%	-0.04%	-0.09%	-0.07%	-0.26%	-0.28%	-0.31%
Net Income Growth %	-	0.78%	-1.4%	0.11%	-2.69%	-0.04%	-0.02%
Net Income (Continuing)	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	-28.70	-6.24	-1.37	-1.05	-3.81	-3.89	-3.82
EPS Growth %	-	0.78%	0.78%	0.23%	-2.63%	-0.02%	0.02%
EPS (Basic)	-28.70	-6.24	-1.37	-1.05	-3.81	-3.89	-3.82
Diluted Shares Outstanding	16.4M	16.4M	179.6M	208M	211.2M	215.3M	224.8M
Basic Shares Outstanding	16.4M	16.4M	179.6M	208M	211.2M	215.3M	224.8M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	614.3M	543.7M	758.5M	989.5M	1.07B	738.1M	618.8M
Cash & Short-Term Investments	254.3M	83.8M	104.7M	272.8M	228.4M	196.8M	144M
Cash Only	254.3M	83.8M	104.7M	272.8M	228.4M	196.8M	144M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	260.5M	350.3M	483M	554.3M	622.2M	339.7M	298.8M
Days Sales Outstanding	38.76	52.44	65.12	67.23	72.74	41.93	39.85
Inventory	55M	0	0	0	0	0	0
Days Inventory Outstanding	13.89	-	-	-	-	-	-
Other Current Assets	44.5M	33.4M	47M	52.4M	125.3M	114.2M	91.1M
Total Non-Current Assets+	5.5B	5.73B	5.62B	5.34B	4.38B	3.36B	2.44B
Property, Plant & Equipment	927M	1.04B	1.06B	988.5M	766.3M	735.1M	735.6M
Fixed Asset Turnover	2.65x	2.35x	2.56x	3.04x	4.07x	4.02x	3.72x
Goodwill	2.47B	2.75B	2.76B	2.71B	2.16B	1.45B	735.7M
Intangible Assets	1.93B	1.82B	1.65B	1.47B	1.24B	1.02B	844.7M
Long-Term Investments	22.6M	0	0	0	0	0	0
Other Non-Current Assets	164.5M	129.4M	156.2M	177.4M	226.1M	151.6M	119.3M
Total Assets+	6.11B	6.27B	6.38B	6.33B	5.46B	4.1B	3.05B
Asset Turnover	0.40x	0.39x	0.42x	0.48x	0.57x	0.72x	0.90x
Asset Growth %	-	0.03%	0.02%	-0.01%	-0.14%	-0.25%	-0.25%
Total Current Liabilities+	565.5M	671.9M	742.2M	837.4M	856.5M	799.5M	766.6M
Accounts Payable	233.5M	260.4M	285.4M	369.5M	447.3M	432.7M	389.6M
Days Payables Outstanding	58.95	66.61	60.47	65.07	72.07	68.41	64.53
Short-Term Debt	34M	29M	43.4M	23M	23M	23M	29.2M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	68.3M	178.7M	158.5M	145.7M	130.6M	108.7M	130.8M
Current Ratio	1.09x	0.81x	1.02x	1.18x	1.25x	0.92x	0.81x
Quick Ratio	0.99x	0.81x	1.02x	1.18x	1.25x	0.92x	0.81x
Cash Conversion Cycle	-6.3	-	-	-	-	-	-
Total Non-Current Liabilities+	4.64B	4.7B	4.25B	4.16B	3.97B	3.45B	3.29B
Long-Term Debt	3.93B	3.84B	3.32B	3.31B	3.3B	2.84B	2.76B
Capital Lease Obligations	294.3M	344.9M	476.3M	459.9M	395.3M	382.6M	370.9M
Deferred Tax Liabilities	362.4M	326.9M	236.7M	205.8M	126.7M	79.2M	30.2M
Other Non-Current Liabilities	50.8M	185.6M	219.6M	187.3M	153.3M	149.8M	134.2M
Total Liabilities	5.2B	5.37B	4.99B	5B	4.83B	4.25B	4.06B
Total Debt+	4.3B	4.32B	3.99B	3.97B	3.85B	3.38B	3.28B
Net Debt	4.04B	4.24B	3.89B	3.69B	3.62B	3.18B	3.14B
Debt / Equity	4.74x	4.81x	2.88x	2.99x	6.12x	-	-
Debt / EBITDA	6.31x	6.47x	7.11x	8.13x	-	-	-
Net Debt / EBITDA	5.93x	6.34x	6.92x	7.57x	-	-	-
Interest Coverage	0.25x	0.31x	0.09x	-0.01x	-3.26x	-4.06x	-9.28x
Total Equity+	907.8M	898.8M	1.38B	1.33B	629.5M	-154.5M	-1B
Equity Growth %	-	-0.01%	0.54%	-0.04%	-0.53%	-1.25%	-5.5%
Book Value per Share	55.35	54.81	7.70	6.38	2.98	-0.72	-4.47
Total Shareholders' Equity	907.8M	898.8M	1.38B	1.33B	629.5M	-154.5M	-1B
Common Stock	1.6M	1.6M	2M	2.1M	2.2M	2.2M	2.3M
Retained Earnings	-671.1M	-717.5M	-963.3M	-1.18B	-1.99B	-2.82B	-3.68B
Treasury Stock	0	0	0	0	-31M	-31M	-31M
Accumulated OCI	0	12M	-18.6M	6.9M	71.4M	60.3M	24.1M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	429.8M	292.9M	116.7M	370.8M	259.3M	374.9M	39.9M
Operating CF Margin %	0.18%	0.12%	0.04%	0.12%	0.08%	0.13%	0.01%
Operating CF Growth %	-	-0.32%	-0.6%	2.18%	-0.3%	0.45%	-0.89%
Net Income	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Depreciation & Amortization	611M	566.5M	536.9M	490.7M	447.6M	442.9M	363M
Stock-Based Compensation	20M	30.2M	74.5M	75.4M	69.5M	65.4M	63.4M
Deferred Taxes	-24.6M	-40.7M	-73.6M	-41.5M	-108.8M	-41.9M	-35M
Other Non-Cash Items	316.2M	-21.7M	109.8M	94.5M	722.7M	521.2M	568.9M
Working Capital Changes	-22.2M	-139.1M	-285.1M	-30M	-66.9M	225.1M	-62.2M
Change in Receivables	-32.3M	-42.2M	-156M	-69.5M	-82.4M	275.1M	20.5M
Change in Inventory	0	0	-116M	-51.9M	0	0	0
Change in Payables	51.2M	-32.7M	-7.4M	88.1M	82.4M	-44.2M	-22.2M
Cash from Investing+	-348.3M	-386.5M	-128.4M	-69M	-97.9M	-96M	-86.6M
Capital Expenditures	-294.3M	-198M	-116.5M	-108.4M	-80.4M	-96.9M	-111.1M
CapEx % of Revenue	0.12%	0.08%	0.04%	0.04%	0.03%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	2.4M	1.3M	-3.3M	8.1M	5.2M	900K	7.6M
Cash from Financing+	-53.7M	-79.2M	29.9M	-132.2M	-187M	-312.8M	-3M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	3.2M	-43.5M	22.3M	-12.9M	-16.8M	-40.2M	-53.8M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	135.5M	94.9M	200K	262.4M	178.9M	278M	-71.2M
FCF Margin %	0.06%	0.04%	0%	0.09%	0.06%	0.09%	-0.03%
FCF Growth %	-	-0.3%	-1%	1311%	-0.32%	0.55%	-1.26%
FCF per Share	8.26	5.79	0.00	1.26	0.85	1.29	-0.32
FCF Conversion (FCF/Net Income)	-0.91x	-2.86x	-0.47x	-1.70x	-0.32x	-0.45x	-0.05x
Interest Paid	262.5M	265.3M	262.8M	178.5M	177.9M	213.9M	103.6M
Taxes Paid	13.9M	7.2M	15.6M	5.5M	10.5M	11.9M	10.8M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-51.84%	-11.33%	-21.54%	-16.1%	-82.25%	-352.76%	-
Return on Invested Capital (ROIC)	1.07%	1.51%	0.36%	-0.04%	-10.98%	-18.52%	-26.41%
Gross Margin	41.06%	41.47%	36.36%	31.13%	27.44%	21.93%	19.49%
Net Margin	-19.19%	-4.2%	-9.08%	-7.25%	-25.78%	-28.33%	-31.35%
Debt / Equity	4.74x	4.81x	2.88x	2.99x	6.12x	-	-
Interest Coverage	0.25x	0.31x	0.09x	-0.01x	-3.26x	-4.06x	-9.28x
FCF Conversion	-0.91x	-2.86x	-0.47x	-1.70x	-0.32x	-0.45x	-0.05x
Revenue Growth	-	-0.6%	11.03%	11.17%	3.75%	-5.29%	-7.44%

Revenue by Segment

	2020	2021	2022	2023	2024
Multi-Cloud Services	2.14B	2.45B	2.57B	-	-
Multi-Cloud Services Growth	-	14.36%	5.14%	-	-
Apps & Cross Platform	336.6M	377.6M	396.9M	-	-
Apps & Cross Platform Growth	-	12.18%	5.11%	-	-
OpenStack Public Cloud	229M	182.8M	150.5M	-	-
OpenStack Public Cloud Growth	-	-20.17%	-17.67%	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	2.03B	2.25B	2.34B	2.18B	1.99B
Americas Growth	-	11.13%	3.92%	-6.85%	-8.76%
UNITED STATES	1.95B	2.16B	2.21B	2.04B	1.85B
UNITED STATES Growth	-	10.73%	2.42%	-7.86%	-9.23%
EMEA	585.2M	632.9M	626.6M	620M	620M
EMEA Growth	-	8.15%	-1.00%	-1.05%	0.00%
Other Foreign Countries	175.5M	310.2M	391.5M	437M	421.4M
Other Foreign Countries Growth	-	76.75%	26.21%	11.62%	-3.57%
Asia Pacific	94.1M	123.2M	154M	155.7M	126.7M
Asia Pacific Growth	-	30.92%	25.00%	1.10%	-18.63%

Frequently Asked Questions

Growth & Financials

Rackspace Technology, Inc. (RXT) reported $2.69B in revenue for fiscal year 2024. This represents a 10% increase from $2.45B in 2018.

Rackspace Technology, Inc. (RXT) saw revenue decline by 7.4% over the past year.

Rackspace Technology, Inc. (RXT) reported a net loss of $249.1M for fiscal year 2024.

Dividend & Returns

Rackspace Technology, Inc. (RXT) generated $69.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Rackspace Technology, Inc. (RXT) 10-Year Financial Performance & Capital Metrics

RXT • • Industrial / General

TechnologyInfrastructure SoftwareCloud Infrastructure & Data ManagementCloud Computing & Development Platforms

Revenue $2.74B -7.4%
EBITDA -$546M -19.6%
Net Income -$858M -2.4%
EPS (Diluted) -3.82 +1.8%
Gross Margin 19.49% -11.2%
EBITDA Margin -19.95% -29.2%
Operating Margin -33.21% -9.2%
Net Margin -31.35% -10.7%
ROE -
ROIC -26.41% -42.6%
Debt/Equity -
Interest Coverage -9.28 -128.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y2.34%

3Y-3.11%

TTM-2.98%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM67.82%

EPS CAGR

10Y-

5Y-

3Y-

TTM69.34%

ROCE

10Y Avg-9.33%

5Y Avg-13.68%

3Y Avg-22.93%

Latest-32.56%

Peer Comparison

Cloud Computing & Development Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUYATuya Inc.	1.19B	2.21	260	29.84%	9.12%	2.88%	5.65%	0.00
NTNXNutanix, Inc.	13.16B	48.67	74.88	18.11%	8.43%		5.7%
DOCNDigitalOcean Holdings, Inc.	4.84B	52.88	59.42	12.66%	29.15%		1.99%
ORCLOracle Corporation	545.46B	189.85	43.74	8.38%	25.28%	50.65%		4.96
WIXWix.com Ltd.	4.6B	83.77	35.50	12.74%	7.2%		10.44%
MSFTMicrosoft Corporation	3.39T	456.66	33.48	14.93%	35.71%	28.9%	2.11%	0.18
DOXAmdocs Limited	9.1B	84.29	16.69	-9.43%	12.48%	16.29%	7.09%	0.24
GDDYGoDaddy Inc.	14.51B	107.35	16.64	7.5%	17.01%	9.03%	8.69%	5.63

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.45B	2.44B	2.71B	3.01B	3.12B	2.96B	2.74B
Revenue Growth %	-	-0.01%	0.11%	0.11%	0.04%	-0.05%	-0.07%
Cost of Goods Sold+	1.45B	1.43B	1.72B	2.07B	2.27B	2.31B	2.2B
COGS % of Revenue	0.59%	0.59%	0.64%	0.69%	0.73%	0.78%	0.81%
Gross Profit+	1.01B	1.01B	984.4M	936.8M	856.9M	648.6M	533.4M
Gross Margin %	0.41%	0.41%	0.36%	0.31%	0.27%	0.22%	0.19%
Gross Profit Growth %	-	0%	-0.03%	-0.05%	-0.09%	-0.24%	-0.18%
Operating Expenses+	949.3M	909.6M	959.7M	939.3M	1.54B	1.55B	1.44B
OpEx % of Revenue	0.39%	0.37%	0.35%	0.31%	0.49%	0.52%	0.53%
Selling, General & Admin	949.3M	911.7M	959.7M	906.8M	855.3M	660M	707.6M
SG&A % of Revenue	0.39%	0.37%	0.35%	0.3%	0.27%	0.22%	0.26%
Research & Development	74.7M	0	36.7M	0	0	43.7M	0
R&D % of Revenue	0.03%	-	0.01%	-	-	0.01%	-
Other Operating Expenses	12.7M	-2.1M	-36.7M	32.5M	680.6M	844.3M	734.9M
Operating Income+	70.5M	101.6M	24.7M	-2.5M	-679M	-899.4M	-909.1M
Operating Margin %	0.03%	0.04%	0.01%	-0%	-0.22%	-0.3%	-0.33%
Operating Income Growth %	-	0.44%	-0.76%	-1.1%	-270.6%	-0.32%	-0.01%
EBITDA+	681.5M	668.1M	561.6M	488.2M	-231.5M	-456.5M	-546.1M
EBITDA Margin %	0.28%	0.27%	0.21%	0.16%	-0.07%	-0.15%	-0.2%
EBITDA Growth %	-	-0.02%	-0.16%	-0.13%	-1.47%	-0.97%	-0.2%
D&A (Non-Cash Add-back)	611M	566.5M	536.9M	490.7M	447.5M	442.9M	363M
EBIT	-219.4M	207.6M	-57.8M	-44M	-689.2M	-592.8M	-783.5M
Net Interest Income+	-281.1M	-329.9M	-268.4M	-205.1M	-208.5M	-221.6M	-98M
Interest Income	0	0	0	0	0	0	0
Interest Expense	281.1M	329.9M	268.4M	205.1M	208.5M	221.6M	98M
Other Income/Expense	-263.3M	-223.9M	-336.7M	-246.6M	-218.7M	45M	27.6M
Pretax Income+	-500.5M	-122.3M	-312M	-249.1M	-897.7M	-854.4M	-881.5M
Pretax Margin %	-0.2%	-0.05%	-0.12%	-0.08%	-0.29%	-0.29%	-0.32%
Income Tax+	-29.9M	-20M	-66.2M	-30.8M	-92.9M	-16.6M	-23.3M
Effective Tax Rate %	0.94%	0.84%	0.79%	0.88%	0.9%	0.98%	0.97%
Net Income+	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Net Margin %	-0.19%	-0.04%	-0.09%	-0.07%	-0.26%	-0.28%	-0.31%
Net Income Growth %	-	0.78%	-1.4%	0.11%	-2.69%	-0.04%	-0.02%
Net Income (Continuing)	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0
EPS (Diluted)+	-28.70	-6.24	-1.37	-1.05	-3.81	-3.89	-3.82
EPS Growth %	-	0.78%	0.78%	0.23%	-2.63%	-0.02%	0.02%
EPS (Basic)	-28.70	-6.24	-1.37	-1.05	-3.81	-3.89	-3.82
Diluted Shares Outstanding	16.4M	16.4M	179.6M	208M	211.2M	215.3M	224.8M
Basic Shares Outstanding	16.4M	16.4M	179.6M	208M	211.2M	215.3M	224.8M
Dividend Payout Ratio	-	-	-	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	614.3M	543.7M	758.5M	989.5M	1.07B	738.1M	618.8M
Cash & Short-Term Investments	254.3M	83.8M	104.7M	272.8M	228.4M	196.8M	144M
Cash Only	254.3M	83.8M	104.7M	272.8M	228.4M	196.8M	144M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	260.5M	350.3M	483M	554.3M	622.2M	339.7M	298.8M
Days Sales Outstanding	38.76	52.44	65.12	67.23	72.74	41.93	39.85
Inventory	55M	0	0	0	0	0	0
Days Inventory Outstanding	13.89	-	-	-	-	-	-
Other Current Assets	44.5M	33.4M	47M	52.4M	125.3M	114.2M	91.1M
Total Non-Current Assets+	5.5B	5.73B	5.62B	5.34B	4.38B	3.36B	2.44B
Property, Plant & Equipment	927M	1.04B	1.06B	988.5M	766.3M	735.1M	735.6M
Fixed Asset Turnover	2.65x	2.35x	2.56x	3.04x	4.07x	4.02x	3.72x
Goodwill	2.47B	2.75B	2.76B	2.71B	2.16B	1.45B	735.7M
Intangible Assets	1.93B	1.82B	1.65B	1.47B	1.24B	1.02B	844.7M
Long-Term Investments	22.6M	0	0	0	0	0	0
Other Non-Current Assets	164.5M	129.4M	156.2M	177.4M	226.1M	151.6M	119.3M
Total Assets+	6.11B	6.27B	6.38B	6.33B	5.46B	4.1B	3.05B
Asset Turnover	0.40x	0.39x	0.42x	0.48x	0.57x	0.72x	0.90x
Asset Growth %	-	0.03%	0.02%	-0.01%	-0.14%	-0.25%	-0.25%
Total Current Liabilities+	565.5M	671.9M	742.2M	837.4M	856.5M	799.5M	766.6M
Accounts Payable	233.5M	260.4M	285.4M	369.5M	447.3M	432.7M	389.6M
Days Payables Outstanding	58.95	66.61	60.47	65.07	72.07	68.41	64.53
Short-Term Debt	34M	29M	43.4M	23M	23M	23M	29.2M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	68.3M	178.7M	158.5M	145.7M	130.6M	108.7M	130.8M
Current Ratio	1.09x	0.81x	1.02x	1.18x	1.25x	0.92x	0.81x
Quick Ratio	0.99x	0.81x	1.02x	1.18x	1.25x	0.92x	0.81x
Cash Conversion Cycle	-6.3	-	-	-	-	-	-
Total Non-Current Liabilities+	4.64B	4.7B	4.25B	4.16B	3.97B	3.45B	3.29B
Long-Term Debt	3.93B	3.84B	3.32B	3.31B	3.3B	2.84B	2.76B
Capital Lease Obligations	294.3M	344.9M	476.3M	459.9M	395.3M	382.6M	370.9M
Deferred Tax Liabilities	362.4M	326.9M	236.7M	205.8M	126.7M	79.2M	30.2M
Other Non-Current Liabilities	50.8M	185.6M	219.6M	187.3M	153.3M	149.8M	134.2M
Total Liabilities	5.2B	5.37B	4.99B	5B	4.83B	4.25B	4.06B
Total Debt+	4.3B	4.32B	3.99B	3.97B	3.85B	3.38B	3.28B
Net Debt	4.04B	4.24B	3.89B	3.69B	3.62B	3.18B	3.14B
Debt / Equity	4.74x	4.81x	2.88x	2.99x	6.12x	-	-
Debt / EBITDA	6.31x	6.47x	7.11x	8.13x	-	-	-
Net Debt / EBITDA	5.93x	6.34x	6.92x	7.57x	-	-	-
Interest Coverage	0.25x	0.31x	0.09x	-0.01x	-3.26x	-4.06x	-9.28x
Total Equity+	907.8M	898.8M	1.38B	1.33B	629.5M	-154.5M	-1B
Equity Growth %	-	-0.01%	0.54%	-0.04%	-0.53%	-1.25%	-5.5%
Book Value per Share	55.35	54.81	7.70	6.38	2.98	-0.72	-4.47
Total Shareholders' Equity	907.8M	898.8M	1.38B	1.33B	629.5M	-154.5M	-1B
Common Stock	1.6M	1.6M	2M	2.1M	2.2M	2.2M	2.3M
Retained Earnings	-671.1M	-717.5M	-963.3M	-1.18B	-1.99B	-2.82B	-3.68B
Treasury Stock	0	0	0	0	-31M	-31M	-31M
Accumulated OCI	0	12M	-18.6M	6.9M	71.4M	60.3M	24.1M
Minority Interest	0	0	0	0	0	0	0

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	429.8M	292.9M	116.7M	370.8M	259.3M	374.9M	39.9M
Operating CF Margin %	0.18%	0.12%	0.04%	0.12%	0.08%	0.13%	0.01%
Operating CF Growth %	-	-0.32%	-0.6%	2.18%	-0.3%	0.45%	-0.89%
Net Income	-470.6M	-102.3M	-245.8M	-218.3M	-804.8M	-837.8M	-858.2M
Depreciation & Amortization	611M	566.5M	536.9M	490.7M	447.6M	442.9M	363M
Stock-Based Compensation	20M	30.2M	74.5M	75.4M	69.5M	65.4M	63.4M
Deferred Taxes	-24.6M	-40.7M	-73.6M	-41.5M	-108.8M	-41.9M	-35M
Other Non-Cash Items	316.2M	-21.7M	109.8M	94.5M	722.7M	521.2M	568.9M
Working Capital Changes	-22.2M	-139.1M	-285.1M	-30M	-66.9M	225.1M	-62.2M
Change in Receivables	-32.3M	-42.2M	-156M	-69.5M	-82.4M	275.1M	20.5M
Change in Inventory	0	0	-116M	-51.9M	0	0	0
Change in Payables	51.2M	-32.7M	-7.4M	88.1M	82.4M	-44.2M	-22.2M
Cash from Investing+	-348.3M	-386.5M	-128.4M	-69M	-97.9M	-96M	-86.6M
Capital Expenditures	-294.3M	-198M	-116.5M	-108.4M	-80.4M	-96.9M	-111.1M
CapEx % of Revenue	0.12%	0.08%	0.04%	0.04%	0.03%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-
Other Investing	2.4M	1.3M	-3.3M	8.1M	5.2M	900K	7.6M
Cash from Financing+	-53.7M	-79.2M	29.9M	-132.2M	-187M	-312.8M	-3M
Debt Issued (Net)	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-
Other Financing	3.2M	-43.5M	22.3M	-12.9M	-16.8M	-40.2M	-53.8M
Net Change in Cash	-	-	-	-	-	-	-
Free Cash Flow+	135.5M	94.9M	200K	262.4M	178.9M	278M	-71.2M
FCF Margin %	0.06%	0.04%	0%	0.09%	0.06%	0.09%	-0.03%
FCF Growth %	-	-0.3%	-1%	1311%	-0.32%	0.55%	-1.26%
FCF per Share	8.26	5.79	0.00	1.26	0.85	1.29	-0.32
FCF Conversion (FCF/Net Income)	-0.91x	-2.86x	-0.47x	-1.70x	-0.32x	-0.45x	-0.05x
Interest Paid	262.5M	265.3M	262.8M	178.5M	177.9M	213.9M	103.6M
Taxes Paid	13.9M	7.2M	15.6M	5.5M	10.5M	11.9M	10.8M

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-51.84%	-11.33%	-21.54%	-16.1%	-82.25%	-352.76%	-
Return on Invested Capital (ROIC)	1.07%	1.51%	0.36%	-0.04%	-10.98%	-18.52%	-26.41%
Gross Margin	41.06%	41.47%	36.36%	31.13%	27.44%	21.93%	19.49%
Net Margin	-19.19%	-4.2%	-9.08%	-7.25%	-25.78%	-28.33%	-31.35%
Debt / Equity	4.74x	4.81x	2.88x	2.99x	6.12x	-	-
Interest Coverage	0.25x	0.31x	0.09x	-0.01x	-3.26x	-4.06x	-9.28x
FCF Conversion	-0.91x	-2.86x	-0.47x	-1.70x	-0.32x	-0.45x	-0.05x
Revenue Growth	-	-0.6%	11.03%	11.17%	3.75%	-5.29%	-7.44%

Revenue by Segment

	2020	2021	2022	2023	2024
Multi-Cloud Services	2.14B	2.45B	2.57B	-	-
Multi-Cloud Services Growth	-	14.36%	5.14%	-	-
Apps & Cross Platform	336.6M	377.6M	396.9M	-	-
Apps & Cross Platform Growth	-	12.18%	5.11%	-	-
OpenStack Public Cloud	229M	182.8M	150.5M	-	-
OpenStack Public Cloud Growth	-	-20.17%	-17.67%	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Americas	2.03B	2.25B	2.34B	2.18B	1.99B
Americas Growth	-	11.13%	3.92%	-6.85%	-8.76%
UNITED STATES	1.95B	2.16B	2.21B	2.04B	1.85B
UNITED STATES Growth	-	10.73%	2.42%	-7.86%	-9.23%
EMEA	585.2M	632.9M	626.6M	620M	620M
EMEA Growth	-	8.15%	-1.00%	-1.05%	0.00%
Other Foreign Countries	175.5M	310.2M	391.5M	437M	421.4M
Other Foreign Countries Growth	-	76.75%	26.21%	11.62%	-3.57%
Asia Pacific	94.1M	123.2M	154M	155.7M	126.7M
Asia Pacific Growth	-	30.92%	25.00%	1.10%	-18.63%

Frequently Asked Questions

Growth & Financials

Rackspace Technology, Inc. (RXT) reported $2.69B in revenue for fiscal year 2024. This represents a 10% increase from $2.45B in 2018.

Rackspace Technology, Inc. (RXT) saw revenue decline by 7.4% over the past year.

Rackspace Technology, Inc. (RXT) reported a net loss of $249.1M for fiscal year 2024.

Dividend & Returns

Rackspace Technology, Inc. (RXT) generated $69.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.