Rackspace Technology, Inc. income statement RXT

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Rackspace Technology, Inc. reported revenue of $2.7 billion, down 1.9% from the year before. It recorded a net loss of $225.8 million. The operating loss came to $100.7 million, an operating margin of -3.7%. Diluted earnings per share were -$0.95. Over the twelve months ended Jun 30, 2026, revenue was $2.7 billion and the net loss was $159.0 million. Across the 6 fiscal years shown, revenue shrank from $2.7 billion in fiscal 2020 to $2.7 billion in fiscal 2025, about 0.2% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020
Revenue	2,702 +0.3%	2,686 -1.9%	2,737 -7.4%	2,957 -5.3%	3,122 +3.7%	3,010 +11.2%	2,707
Cost of revenue	2,218 +2.3%	2,179 -1.1%	2,204 -5.4%	2,328 +2.8%	2,265 +9.3%	2,073 +20.3%	1,723
Gross profit	484 -7.8%	506 -5.1%	533 -15.2%	629 -26.6%	857 -8.5%	937 -4.8%	984
Research and development	—	39 -13.9%	45 +3.9%	44 +78.4%	24 -13.4%	28 -22.9%	37
Selling, general and administrative	572 -11.9%	607 -14.2%	708 -7.8%	767 -10.3%	855 -5.7%	907 -5.5%	960
Operating income	-88 +66.8%	-101 +88.9%	-909 -1.1%	-899 -32.5%	-679 -27060.0%	-2 -110.1%	25
Interest expense	102 +33.7%	83 -15.6%	98	—	—	—	—
Gain (loss) on investments	0 -50.0%	0 +200.0%	0 -66.7%	0 +250.0%	-0 +93.3%	-3 -528.6%	1
Other non-operating income (expense)	-18 +10.0%	-19 +13.8%	-22 -334.0%	-5 +50.0%	-10 -900.0%	-1 -140.0%	2
Pretax income	-146 +57.6%	-202 +77.1%	-882 -3.2%	-854 +4.8%	-898 -260.4%	-249 +20.2%	-312
Income tax	13 -46.5%	24 +203.0%	-23 -40.4%	-17 +82.1%	-93 -201.6%	-31 +53.5%	-66
Net income	-159 +56.9%	-226 +73.7%	-858 -2.4%	-838 -4.1%	-805 -268.7%	-218 +11.2%	-246
Basic EPS	-0.65 +59.3%	-0.95 +75.1%	-3.82 +1.8%	-3.89 -2.1%	-3.81 -262.9%	-1.05	—
Diluted EPS	-0.65 +59.3%	-0.95 +75.1%	-3.82 +1.8%	-3.89 -2.1%	-3.81 -262.9%	-1.05	—
Weighted average shares, basic	245 +6.1%	239 +6.2%	225 +4.4%	215 +1.9%	211 +1.5%	208 +15.8%	180
Weighted average shares, diluted	245 +6.1%	239 +6.2%	225 +4.4%	215 +1.9%	211 +1.5%	208	—
Other measures
Depreciation and amortization	157 +9.1%	151 +7.1%	141 -32.3%	209	—	—	—
EBITDA	68 +155.8%	51 +106.6%	-768 -11.2%	-691	—	—	—
Interest coverage	-0.86x	-1.22x	-9.28x	—	—	—	—
Margins
Gross margin	17.92%	18.86%	19.49%	21.26%	27.44%	31.13%	36.36%
Operating margin	-3.26%	-3.75%	-33.21%	-30.41%	-21.75%	-0.08%	0.91%
Pretax margin	-5.41%	-7.51%	-32.21%	-28.89%	-28.75%	-8.28%	-11.53%
Profit margin	-5.88%	-8.41%	-31.35%	-28.33%	-25.78%	-7.25%	-9.08%
EBITDA margin	2.53%	1.89%	-28.05%	-23.36%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Listed as: RXT (Nasdaq)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: San Antonio, TX
SEC filer status: Accelerated filer, Smaller reporting company
SEC CIK: 1810019
Former names: Rackspace Corp. (until May 6, 2020)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.