Rackspace Technology Inc (RXT) financials
Rackspace Technology revenue and earnings by year
Rackspace Technology's revenue was $2.69 billion in the fiscal year to December 31, 2025, down 1.9% from the year before. Net income was -$226 million, -8.4% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 2.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.69 | 2.74 | 2.96 | 3.12 | 3.01 | 2.71 | 2.44 | 2.45 | 2.14 |
| Revenue growth | -1.9% | -7.4% | -5.3% | 3.7% | 11.2% | 11.0% | -0.6% | 14.4% | — |
| Gross profit | 0.51 | 0.53 | 0.63 | 0.86 | 0.94 | 0.98 | 1.01 | 1.01 | 0.79 |
| Gross margin | 18.9% | 19.5% | 21.3% | 27.4% | 31.1% | 36.4% | 41.5% | 41.1% | 36.9% |
| Operating income | -0.10 | -0.91 | -0.90 | -0.68 | -0.00 | 0.02 | 0.10 | -0.24 | -0.12 |
| Operating margin | -3.7% | -33.2% | -30.4% | -21.7% | -0.1% | 0.9% | 4.1% | -9.7% | -5.5% |
| Net income | -0.23 | -0.86 | -0.84 | -0.80 | -0.22 | -0.25 | -0.10 | -0.47 | -0.06 |
| Net margin | -8.4% | -31.4% | -28.3% | -25.8% | -7.3% | -9.1% | -4.2% | -19.2% | -2.8% |
| Diluted EPS | -$0.95 | -$3.82 | -$3.89 | -$3.81 | -$1.05 | -$1.35 | -$0.62 | — | — |
| Free cash flow | 0.09 | -0.05 | 0.28 | 0.17 | 0.29 | 0.00 | 0.09 | 0.14 | 0.10 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open RXT in Markets.
How Rackspace Technology makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Public Cloud Services | $407M | 60.7% |
| Private Cloud Service | $263M | 39.3% |
See also: RXT returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.