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About

Rackspace Technology, Inc. operates as a cloud and artificial intelligence solutions company in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company operates in two segments, Public Cloud and Private Cloud. It offers programmatic infrastructure, including hardware and services for compute, network, storage, and data protection services; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed services, professional services, elastic engineering services, and security services, as well as an email platform for customers and carriers. The company also provides cloud platform, which provides platform-related services comprising cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure; cloud apps that build and manage applications within a cloud technology stack; cloud security that provides fully-integrated 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; and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 342.25M
Enterprise Value 3.53B Income -249.10M Sales 2.69B
Book/sh -4.87 Cash/sh 0.47 Dividend Yield —
Payout 0.00% Employees 5100 IPO —
P/E — Forward P/E -42.31 PEG —
P/S 0.13 P/B -0.29 P/C —
EV/EBITDA 16.91 EV/Sales 1.31 Quick Ratio 0.51
Current Ratio 0.71 Debt/Eq — LT Debt/Eq —
EPS (ttm) -1.05 EPS next Y -0.03 EPS Growth —
Revenue Growth -0.70% Earnings 2026-02-26 ROA -1.86%
ROE — ROIC — Gross Margin 19.82%
Oper. Margin -3.16% Profit Margin -9.27% Shs Outstand 243.59M
Shs Float 105.55M Short Float 8.44% Short Ratio 6.94
Short Interest — 52W High 2.89 52W Low 0.39
Beta 2.20 Avg Volume 15.16M Volume 11.74M
Target Price $1.48 Recom None Prev Close $1.46
Price $1.41 Change -3.77%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$1.48
Mean price target
2. Current target
$1.41
Latest analyst target
3. DCF / Fair value
$21.43
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.41
Low
$1.30
High
$1.75
Mean
$1.48

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-10 main RBC Capital Sector Perform → Sector Perform $2
2025-08-12 main BMO Capital Market Perform → Market Perform $1
2025-06-02 down Raymond James Outperform → Market Perform —
2025-05-12 main RBC Capital Sector Perform → Sector Perform $2
2025-05-09 main UBS Neutral → Neutral $2
2025-04-25 main Barclays Underweight → Underweight $1
2024-11-18 main Barclays Underweight → Underweight $2
2024-08-16 main UBS Neutral → Neutral $2
2024-03-13 main Raymond James Outperform → Outperform $3
2024-03-13 reit RBC Capital Sector Perform → Sector Perform $3
2024-03-13 main BMO Capital Market Perform → Market Perform $3
2024-03-13 main Evercore ISI Group In-Line → In-Line $2
2023-11-20 main Citigroup Sell → Sell $1
2023-11-07 init UBS — → Neutral $1
2023-10-23 main Barclays Underweight → Underweight $1
2023-09-19 up Raymond James Market Perform → Outperform $4
2023-08-09 main BMO Capital Market Perform → Market Perform $3
2023-08-09 main Credit Suisse Outperform → Outperform $5
2023-08-07 main Credit Suisse Outperform → Outperform $4
2023-07-25 main Barclays Underweight → Underweight $2
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 234683 382533 — Sale at price 1.63 per share. MARINO MARK A. Chief Financial Officer — 2026-02-23 00:00:00 D
1 59322 59915 — Sale at price 1.01 per share. SINHA DHARMENDRA KUMAR Officer — 2025-12-01 00:00:00 D
2 18301 18484 — Sale at price 1.01 per share. TEAL-GUESS KELLIE Officer — 2025-12-01 00:00:00 D
3 91151 94797 — Sale at price 1.04 per share. SINHA DHARMENDRA KUMAR Officer — 2025-11-28 00:00:00 D
4 1780619 2403836 — Sale at price 1.35 per share. MALETIRA AMAR Director — 2025-09-15 00:00:00 D
5 482598 — — Stock Award(Grant) at price 0.00 per share. MALETIRA AMAR Director — 2025-09-12 00:00:00 D
6 40000 57200 — Sale at price 1.43 per share. SCOTT ANTHONY Director — 2025-09-08 00:00:00 D
7 4000000 — — Stock Award(Grant) at price 0.00 per share. KANDIAH GAJAKARNAN VIBUSHANAN Chief Executive Officer — 2025-09-04 00:00:00 D
8 94338 — — Stock Award(Grant) at price 0.00 per share. BENJAMIN JEFFREY D Director — 2025-06-20 00:00:00 D
9 75471 — — Stock Award(Grant) at price 0.00 per share. GARBER MITCHELL ALAN Director — 2025-06-20 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-15.28M-9.30M-70.12M-9.05M
TaxRateForCalcs0.030.020.100.12
NormalizedEBITDA167.10M299.50M439.10M519.70M
TotalUnusualItems-587.60M-489.40M-680.80M-73.00M
TotalUnusualItemsExcludingGoodwill-587.60M-489.40M-680.80M-73.00M
NetIncomeFromContinuingOperationNetMinorityInterest-858.20M-837.80M-804.80M-218.30M
ReconciledDepreciation363.00M442.90M447.50M490.70M
ReconciledCostOfRevenue2.20B2.33B2.27B2.07B
EBITDA-420.50M-189.90M-241.70M446.70M
EBIT-783.50M-632.80M-689.20M-44.00M
NetInterestIncome-98.00M-221.60M-208.50M-205.10M
InterestExpense98.00M221.60M208.50M205.10M
NormalizedIncome-285.88M-357.70M-194.12M-154.35M
NetIncomeFromContinuingAndDiscontinuedOperation-858.20M-837.80M-804.80M-218.30M
TotalExpenses2.91B3.10B3.12B2.98B
TotalOperatingIncomeAsReported-909.10M-899.40M-679.00M-2.50M
DilutedAverageShares224.80M215.30M211.20M208.00M
BasicAverageShares224.80M215.30M211.20M208.00M
DilutedEPS-3.84-3.89-3.81-1.05
BasicEPS-3.84-3.89-3.81-1.05
DilutedNIAvailtoComStockholders-858.20M-837.80M-804.80M-218.30M
NetIncomeCommonStockholders-858.20M-837.80M-804.80M-218.30M
NetIncome-858.20M-837.80M-804.80M-218.30M
NetIncomeIncludingNoncontrollingInterests-858.20M-837.80M-804.80M-218.30M
NetIncomeContinuousOperations-858.20M-837.80M-804.80M-218.30M
TaxProvision-23.30M-16.60M-92.90M-30.80M
PretaxIncome-881.50M-854.40M-897.70M-249.10M
OtherIncomeExpense-609.30M-494.40M-690.80M-74.00M
OtherNonOperatingIncomeExpenses-21.70M-5.00M-10.00M-1.00M
SpecialIncomeCharges-587.70M-489.70M-680.60M-70.00M
GainOnSaleOfPPE0.000.0019.90M
GainOnSaleOfBusiness0.00
OtherSpecialCharges-147.20M-271.30M37.50M
WriteOff52.20M146.10M0.00
ImpairmentOfCapitalAssets734.90M761.00M680.60M52.40M
GainOnSaleOfSecurity100.00K300.00K-200.00K-3.00M
NetNonOperatingInterestIncomeExpense-98.00M-221.60M-208.50M-205.10M
InterestExpenseNonOperating98.00M221.60M208.50M205.10M
OperatingIncome-174.20M-138.40M1.60M30.00M
OperatingExpense707.60M767.20M855.30M906.80M
SellingGeneralAndAdministration707.60M767.20M855.30M906.80M
GrossProfit533.40M628.80M856.90M936.80M
CostOfRevenue2.20B2.33B2.27B2.07B
TotalRevenue2.74B2.96B3.12B3.01B
OperatingRevenue2.74B2.96B3.12B3.01B
Line Item2024-12-312023-12-31
TreasurySharesNumber3.10M3.10M
OrdinarySharesNumber229.10M217.40M211.20M201.80M
ShareIssued232.20M220.50M211.20M201.80M
NetDebt2.64B2.67B3.09B3.06B
TotalDebt3.28B3.38B3.85B3.97B
TangibleBookValue-2.58B-2.63B-2.76B-2.85B
InvestedCapital1.78B2.71B3.95B4.66B
WorkingCapital-147.80M-61.40M216.70M152.10M
NetTangibleAssets-2.58B-2.63B-2.76B-2.85B
CapitalLeaseObligations496.30M518.40M533.70M632.90M
CommonStockEquity-1.00B-154.50M629.50M1.33B
TotalCapitalization1.75B2.69B3.92B4.64B
TotalEquityGrossMinorityInterest-1.00B-154.50M629.50M1.33B
StockholdersEquity-1.00B-154.50M629.50M1.33B
GainsLossesNotAffectingRetainedEarnings24.10M60.30M71.40M6.90M
OtherEquityAdjustments24.10M60.30M71.40M6.90M
TreasuryStock31.00M31.00M31.00M0.00
RetainedEarnings-3.68B-2.82B-1.99B-1.18B
AdditionalPaidInCapital2.68B2.64B2.57B2.50B
CapitalStock2.30M2.20M2.20M2.10M
CommonStock2.30M2.20M2.20M2.10M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest4.06B4.25B4.83B5.00B
TotalNonCurrentLiabilitiesNetMinorityInterest3.29B3.45B3.97B4.16B
OtherNonCurrentLiabilities134.20M149.80M153.30M187.30M
NonCurrentDeferredLiabilities30.20M79.20M126.70M205.80M
NonCurrentDeferredTaxesLiabilities30.20M79.20M126.70M205.80M
LongTermDebtAndCapitalLeaseObligation3.13B3.22B3.69B3.77B
LongTermCapitalLeaseObligation370.90M382.60M395.30M459.90M
LongTermDebt2.76B2.84B3.30B3.31B
CurrentLiabilities766.60M799.50M856.50M837.40M
OtherCurrentLiabilities34.10M36.50M35.30M41.20M
CurrentDeferredLiabilities84.20M78.80M80.90M98.60M
CurrentDeferredRevenue84.20M78.80M80.90M98.60M
CurrentDebtAndCapitalLeaseObligation154.60M158.80M161.40M196.00M
CurrentCapitalLeaseObligation125.40M135.80M138.40M173.00M
CurrentDebt29.20M23.00M23.00M23.00M
OtherCurrentBorrowings29.20M23.00M23.00M23.00M
PensionandOtherPostRetirementBenefitPlansCurrent96.70M72.20M95.30M104.50M
PayablesAndAccruedExpenses397.00M453.20M483.60M397.10M
CurrentAccruedExpenses7.40M20.50M36.30M27.60M
InterestPayable7.40M20.50M36.30M27.60M
Payables389.60M432.70M447.30M369.50M
AccountsPayable389.60M432.70M447.30M369.50M
TotalAssets3.05B4.10B5.46B6.33B
TotalNonCurrentAssets2.44B3.36B4.38B5.34B
OtherNonCurrentAssets119.30M151.60M226.10M177.40M
GoodwillAndOtherIntangibleAssets1.58B2.47B3.39B4.17B
OtherIntangibleAssets844.70M1.02B1.24B1.47B
Goodwill735.70M1.45B2.16B2.71B
NetPPE735.60M735.10M766.30M988.50M
AccumulatedDepreciation-1.42B-1.44B-1.40B-1.41B
GrossPPE2.16B2.18B2.17B2.40B
ConstructionInProgress10.80M16.90M15.20M12.00M
OtherProperties134.60M126.30M138.00M161.80M
MachineryFurnitureEquipment1.60B1.62B1.61B1.69B
BuildingsAndImprovements409.70M411.80M402.20M512.90M
LandAndImprovements0.0021.20M
Properties0.000.000.000.00
CurrentAssets618.80M738.10M1.07B989.50M
OtherCurrentAssets91.10M114.20M125.30M52.40M
PrepaidAssets84.90M87.40M97.30M110.00M
Receivables298.80M339.70M622.20M554.30M
AccountsReceivable298.80M339.70M622.20M554.30M
AllowanceForDoubtfulAccountsReceivable-27.00M-20.10M-24.60M-18.40M
GrossAccountsReceivable325.80M359.80M646.80M572.70M
CashCashEquivalentsAndShortTermInvestments144.00M196.80M228.40M272.80M
CashAndCashEquivalents144.00M196.80M228.40M272.80M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-71.20M278.00M166.30M262.40M
RepurchaseOfCapitalStock-4.30M-1.00M-31.00M0.00
RepaymentOfDebt-219.90M-321.60M-90.20M-2.93B
IssuanceOfDebt275.00M50.00M0.002.84B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-111.10M-96.90M-80.40M-108.40M
InterestPaidSupplementalData103.60M213.90M177.90M178.50M
IncomeTaxPaidSupplementalData10.80M11.90M10.50M5.50M
EndCashPosition147.00M199.70M231.40M275.40M
BeginningCashPosition199.70M231.40M275.40M108.10M
EffectOfExchangeRateChanges-3.00M2.20M-5.80M-2.30M
ChangesInCash-49.70M-33.90M-38.20M169.60M
FinancingCashFlow-3.00M-312.80M-187.00M-132.20M
CashFlowFromContinuingFinancingActivities-3.00M-312.80M-187.00M-132.20M
NetOtherFinancingCharges-54.70M-41.50M-69.50M-103.30M
ProceedsFromStockOptionExercised900.00K1.30M3.70M61.10M
NetCommonStockIssuance-4.30M-1.00M-31.00M0.00
CommonStockPayments-4.30M-1.00M-31.00M0.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt55.10M-271.60M-90.20M-90.00M
NetLongTermDebtIssuance55.10M-271.60M-90.20M-90.00M
LongTermDebtPayments-219.90M-321.60M-90.20M-2.93B
LongTermDebtIssuance275.00M50.00M0.002.84B
InvestingCashFlow-86.60M-96.00M-97.90M-69.00M
CashFlowFromContinuingInvestingActivities-86.60M-96.00M-97.90M-69.00M
NetOtherInvestingChanges7.60M900.00K5.20M8.10M
NetInvestmentPurchaseAndSale0.000.00-15.00M0.00
SaleOfInvestment0.000.00
PurchaseOfInvestment0.000.00-15.00M0.00
NetBusinessPurchaseAndSale16.90M0.00-7.70M0.00
SaleOfBusiness16.90M0.000.000.00
PurchaseOfBusiness0.000.00-7.70M0.00
NetPPEPurchaseAndSale-111.10M-96.90M-80.40M-77.10M
SaleOfPPE0.000.0031.30M
PurchaseOfPPE-111.10M-96.90M-80.40M-108.40M
OperatingCashFlow39.90M374.90M246.70M370.80M
CashFlowFromContinuingOperatingActivities39.90M374.90M246.60M370.80M
ChangeInWorkingCapital-62.20M225.10M-79.50M-30.00M
ChangeInOtherWorkingCapital11.80M35.20M5.70M3.30M
ChangeInOtherCurrentLiabilities-82.80M-65.60M-65.50M-61.40M
ChangeInPayablesAndAccruedExpense-22.20M-44.20M69.80M88.10M
ChangeInPayable-22.20M-44.20M69.80M88.10M
ChangeInAccountPayable-22.20M-44.20M69.80M88.10M
ChangeInPrepaidAssets10.50M24.60M-7.10M9.50M
ChangeInReceivables20.50M275.10M-82.40M-69.50M
ChangesInAccountReceivables20.50M275.10M-82.40M-69.50M
OtherNonCashItems-38.20M7.30M11.10M44.20M
StockBasedCompensation63.40M65.40M69.50M75.40M
ProvisionandWriteOffofAssets19.50M9.00M12.40M-2.00M
AssetImpairmentCharge734.90M761.00M680.60M52.40M
DeferredTax-35.00M-41.90M-108.80M-41.50M
DeferredIncomeTax-35.00M-41.90M-108.80M-41.50M
DepreciationAmortizationDepletion363.00M442.90M447.50M490.70M
DepreciationAndAmortization363.00M442.90M447.50M490.70M
AmortizationCashFlow154.10M161.00M166.80M179.70M
AmortizationOfIntangibles154.10M161.00M166.80M179.70M
Depreciation208.90M281.90M280.70M311.00M
OperatingGainsLosses-147.30M-256.10M18.70M-100.00K
GainLossOnInvestmentSecurities-100.00K15.20M18.70M19.80M
GainLossOnSaleOfPPE0.000.00-19.90M
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations-858.20M-837.80M-804.80M-218.30M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RXT
Date User Asset Broker Type Position Size Entry Price Patterns