Rackspace Technology, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.7B | $2.7B | $3.0B | $3.1B | $3.0B |
| Cost of revenue | $2.2B | $2.2B | $2.3B | $2.3B | $2.1B |
| Gross profit | $506.4M | $533.4M | $628.8M | $856.9M | $936.8M |
| Selling, general & administrative | $607.1M | $707.6M | $767.2M | $855.3M | $906.8M |
| Research and development | $39.1M | $45.4M | $43.7M | $24.5M | $28.3M |
| Operating income | -$100.7M | -$909.1M | -$899.4M | -$679.0M | -$2.5M |
| Interest expense | $82.7M | $98.0M | $221.6M | $208.5M | $205.1M |
| Pretax income | -$201.8M | -$881.5M | -$854.4M | -$897.7M | -$249.1M |
| Income tax expense | $24.0M | -$23.3M | -$16.6M | -$92.9M | -$30.8M |
| Net income | -$225.8M | -$858.2M | -$837.8M | -$804.8M | -$218.3M |
| Balance Sheet | |||||
| Cash and equivalents | $105.8M | $144.0M | $196.8M | $228.4M | $272.8M |
| Current assets | $517.8M | $618.8M | $738.1M | $1.1B | $989.5M |
| Total assets | $2.8B | $3.1B | $4.1B | $5.5B | $6.3B |
| Current liabilities | $766.7M | $766.6M | $799.5M | $856.5M | $837.4M |
| Total liabilities | $4.0B | $4.1B | $4.3B | $4.8B | $5.0B |
| Total debt | $2.5B | $2.4B | $2.9B | $3.4B | $3.4B |
| Stockholders' equity | -$1.2B | -$1.0B | -$154.5M | $629.5M | $1.3B |
| Cash Flow Statement | |||||
| Cash from operations | $151.4M | $39.9M | $374.9M | $246.7M | $370.8M |
| Depreciation and amortization | $151.4M | $141.3M | $208.7M | $220.9M | $245.1M |
| Stock-based compensation | $45.1M | $63.4M | $65.4M | $69.5M | $75.4M |
| Capital expenditure | $60.8M | $111.1M | $96.9M | $80.4M | $108.4M |
| Free cash flow | $90.6M | -$71.2M | $278.0M | $166.3M | $262.4M |
| Share repurchases | — | $0 | $0 | $31.0M | $0 |
| Impairments | $0 | $714.9M | $708.8M | $534.5M | $52.4M |
Shares outstanding 249.2M · Free float 37.4%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.