Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as well as an email platform for customers and carriers. It also provides a cloud platform that offers platform-related services, including cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure; cloud apps that build and manage applications within a cloud technology stack; and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. In addition, the company offers cloud security that provides security solutions in security threat assessment and prevention; proactive threat detection and response; rapid remediation; governance, risk, and compliance assistance across multiple cloud platforms; and privacy and data protection services, including detailed access restrictions and reporting. Further, it provides Rackspace AI, a portfolio of AI services and solutions to help organizations scale AI, as well as multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, SaaS lifecycle management, and data management services. The company serves the financial services, government, healthcare, manufacturing, non-profit, education, SaaS and ISV, consumer goods, oil and gas, and other industries. The company was formerly known as Rackspace Corp. and changed its name to Rackspace Technology, Inc. in June 2020. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.7B | $244M | $-226M | $91M | 18.5% | -1.9% | -73.7% |
| 2024 | $2.7B | $-421M | $-858M | $-71M | 85.5% | -7.4% | 2.4% |
| 2023 | $3.0B | $-190M | $-838M | $278M | 542.3% | -5.3% | 4.1% |
| 2022 | $3.1B | $-242M | $-805M | $166M | -127.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,122.30 | 2,957.10 | 2,737.10 | 2,685.70 |
| Operating Revenue | - | 3,122.30 | 2,957.10 | 2,737.10 | 2,685.70 |
| Cost Of Revenue | - | 2,265.40 | 2,328.30 | 2,203.70 | 2,179.30 |
| Gross Profit | - | 856.90 | 628.80 | 533.40 | 506.40 |
| Operating Expense | - | 855.30 | 767.20 | 707.60 | 607.10 |
| Selling General And Administration | - | 855.30 | 767.20 | 707.60 | 607.10 |
| Total Expenses | - | 3,120.70 | 3,095.50 | 2,911.30 | 2,786.40 |
| Operating Income | - | 1.60 | -138.40 | -174.20 | -100.70 |
| Total Operating Income As Reported | - | -679 | -899.40 | -909.10 | -100.70 |
| EBITDA | - | -241.70 | -189.90 | -420.50 | 243.50 |
| Normalized EBITDA | - | 439.10 | 299.50 | 167.10 | 243.20 |
| EBIT | - | -689.20 | -632.80 | -783.50 | -119.10 |
| Interest Expense | - | 208.50 | 221.60 | 98 | 82.70 |
| Net Interest Income | - | -208.50 | -221.60 | -98 | -82.70 |
| Other Non Operating Income Expenses | - | -10 | -5 | -21.70 | -18.70 |
| Other Income Expense | - | -690.80 | -494.40 | -609.30 | -18.40 |
| Interest Expense Non Operating | - | 208.50 | 221.60 | 98 | 82.70 |
| Net Non Operating Interest Income Expense | - | -208.50 | -221.60 | -98 | -82.70 |
| Pretax Income | - | -897.70 | -854.40 | -881.50 | -201.80 |
| Tax Provision | - | -92.90 | -16.60 | -23.30 | 24 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -70.12 | -9.30 | -15.28 | 0.06 |
| Net Income Continuous Operations | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Net Income From Continuing And Discontinued Operation | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Net Income From Continuing Operation Net Minority Interest | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Net Income | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Net Income Common Stockholders | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Net Income Including Noncontrolling Interests | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Normalized Income | - | -194.12 | -357.70 | -285.88 | -226.04 |
| Diluted NI Availto Com Stockholders | - | -804.80 | -837.80 | -858.20 | -225.80 |
| Basic Average Shares | - | 211.20 | 215.30 | 224.80 | 238.70 |
| Diluted Average Shares | - | 211.20 | 215.30 | 224.80 | 238.70 |
| Reconciled Depreciation | - | 447.50 | 442.90 | 363 | 362.60 |
| Reconciled Cost Of Revenue | - | 2,265.40 | 2,328.30 | 2,203.70 | 2,179.30 |
| Total Unusual Items | - | -680.80 | -489.40 | -587.60 | 0.30 |
| Total Unusual Items Excluding Goodwill | - | -680.80 | -489.40 | -587.60 | 0.30 |
| Special Income Charges | - | -680.60 | -489.70 | -587.70 | 0 |
| Gain On Sale Of Business | 0 | - | - | - | - |
| Other Special Charges | 37.50 | - | -271.30 | -147.20 | - |
| Write Off | 0 | 146.10 | 52.20 | - | - |
| Impairment Of Capital Assets | - | 680.60 | 761 | 734.90 | 0 |
| Gain On Sale Of Security | - | -0.20 | 0.30 | 0.10 | 0.30 |
| Gain On Sale Of Ppe | 19.90 | 0 | 0 | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rackspace Technology, Inc.this co. | RXT | $1.4B | -6.17 | -1.14 | 18.5% | 18.61 |
| Alpha and Omega Semiconductor Limited | AOSL | $1.5B | -15.51 | 1.83 | -11.8% | 37.64 |
| EVERTEC, Inc. | EVTC | $1.4B | 9.90 | 2.25 | 22.8% | 6.46 |
| ADTRAN Holdings, Inc. | ADTN | $1.4B | -30.64 | 9.59 | -31.3% | 19.20 |
| Array Technologies, Inc. | ARRY |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.4B |
| - |
| 5.37 |
| -43.0% |
| 42.29 |
| CEVA, Inc. | CEVA | $1.4B | -129.84 | 4.11 | -3.2% | -191.72 |
| Progress Software Corporation | PRGS | $1.3B | 18.15 | 2.78 | 15.3% | 8.75 |
| Blackbaud, Inc. | BLKB | $1.3B | 11.33 | 15.32 | 135.2% | 8.32 |
| VIA | VIA | $1.3B | -13.50 | 2.07 | -15.4% | -12.17 |
| Peer Median | - | -13.50 | 3.44 | -7.5% | 8.53 | |
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historically, Feb has averaged the highest return (+40.3%); Mar the lowest (-24.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -37.0%Negative MonthJan 2026: -36.97% | +218.6%Positive MonthFeb 2026: +218.63% | -49.7%Negative MonthMar 2026: -49.74% | +49.0%Positive MonthApr 2026: +48.98% | +254.1%Positive MonthMay 2026: +254.11% | +26.3%Positive MonthJun 2026: +26.31% | -36.8%Negative MonthJul 2026: -36.75% | -17.2%*Negative MonthAug 2026: -17.19% | — | — | — | — |
| 2025 | +19.0%Positive MonthJan 2025: +19.00% | -9.9%Negative MonthFeb 2025: -9.89% | -28.7%Negative MonthMar 2025: -28.69% | -19.5%Negative MonthApr 2025: -19.53% | -16.2%Negative MonthMay 2025: -16.18% | +12.3%Positive MonthJun 2025: +12.28% | -5.5%Negative MonthJul 2025: -5.47% | +4.1%Positive MonthAug 2025: +4.13% | +11.9%Positive MonthSep 2025: +11.90% | +13.5%Positive MonthOct 2025: +13.48% | -33.8%Negative MonthNov 2025: -33.75% | -8.4%Negative MonthDec 2025: -8.40% |
| 2024 | -16.0%Negative MonthJan 2024: -16.00% | +25.6%Positive MonthFeb 2024: +25.60% | -25.1%Negative MonthMar 2024: -25.12% | +8.9%Positive MonthApr 2024: +8.86% | +14.0%Positive MonthMay 2024: +13.95% | +52.0%Positive MonthJun 2024: +52.04% | -21.5%Negative MonthJul 2024: -21.48% | -1.7%Neutral MonthAug 2024: -1.71% | +6.5%Positive MonthSep 2024: +6.52% | -2.7%Negative MonthOct 2024: -2.65% | +12.4%Positive MonthNov 2024: +12.37% | -17.5%Negative MonthDec 2024: -17.54% |
| 2023 | +1.7%Neutral MonthJan 2023: +1.69% | -21.7%Negative MonthFeb 2023: -21.67% | -20.0%Negative MonthMar 2023: -20.00% | -22.3%Negative MonthApr 2023: -22.34% | +6.8%Positive MonthMay 2023: +6.85% | +74.4%Positive MonthJun 2023: +74.36% | -14.7%Negative MonthJul 2023: -14.71% | +7.8%Positive MonthAug 2023: +7.76% | -6.0%Negative MonthSep 2023: -6.00% | -48.1%Negative MonthOct 2023: -48.09% | +3.3%Positive MonthNov 2023: +3.28% | +58.7%Positive MonthDec 2023: +58.73% |
| 2022 | -7.1%Negative MonthJan 2022: -7.13% | -11.0%Negative MonthFeb 2022: -11.03% | +0.3%Neutral MonthMar 2022: +0.27% | -11.4%Negative MonthApr 2022: -11.38% | -6.7%Negative MonthMay 2022: -6.67% | -22.3%Negative MonthJun 2022: -22.32% | -6.0%Negative MonthJul 2022: -6.00% | -33.8%Negative MonthAug 2022: -33.83% | -8.5%Negative MonthSep 2022: -8.52% | +26.2%Positive MonthOct 2022: +26.23% | -5.2%Negative MonthNov 2022: -5.24% | -39.5%Negative MonthDec 2022: -39.55% |
| 2021 | — | — | — | — | -18.9%Negative MonthMay 2021: -18.86% | -2.8%Negative MonthJun 2021: -2.82% | -9.5%Negative MonthJul 2021: -9.48% | -21.3%Negative MonthAug 2021: -21.30% | +1.8%Neutral MonthSep 2021: +1.79% | -6.5%Negative MonthOct 2021: -6.54% | +7.3%Positive MonthNov 2021: +7.30% | -5.5%Negative MonthDec 2021: -5.54% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.