Rackspace Technology, Inc.RXTEarnings & Financial Report
Rackspace Technology, Inc. is an American cloud computing company based in San Antonio, Texas. It also has offices in Reston, Virginia, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, Toronto and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (USA), Chicago (USA), Dallas (USA), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (USA), New York City (USA), San Jose (USA), Shangh...
RXT Q3 2025 Key Financial Metrics
Revenue
$671.2M
Gross Profit
$129.9M
Operating Profit
$-33.9M
Net Profit
$-67.1M
Gross Margin
19.4%
Operating Margin
-5.1%
Net Margin
-10.0%
YoY Growth
-0.7%
EPS
$-0.28
Financial Flow
Rackspace Technology, Inc. Q3 2025 Financial Summary
Rackspace Technology, Inc. reported revenue of $671.2M for Q3 2025, with a net profit of $-67.1M (-10.0% margin). Cost of goods sold was $541.3M, operating expenses totaled $163.8M.
Key Financial Metrics
| Total Revenue | $671.2M |
|---|---|
| Net Profit | $-67.1M |
| Gross Margin | 19.4% |
| Operating Margin | -5.1% |
| Report Period | Q3 2025 |
Rackspace Technology, Inc. Annual Revenue by Year
Rackspace Technology, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $2.7B |
| 2023 | $3.0B |
| 2022 | $3.1B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $719.7M | $690.8M | $684.9M | $675.8M | $685.6M | $665.4M | $666.3M | $671.2M |
| YoY Growth | -8.6% | -8.9% | -8.2% | -7.7% | -4.7% | -3.7% | -2.7% | -0.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.10B | $3.52B | $3.39B | $3.15B | $3.05B | $2.97B | $2.89B | $2.85B |
| Liabilities | $4.25B | $4.30B | $4.15B | $4.10B | $4.06B | $4.04B | $4.01B | $4.03B |
| Equity | $-154.5M | $-787.2M | $-756.2M | $-949.7M | $-1.00B | $-1.07B | $-1.12B | $-1.19B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $72.2M | $-90.3M | $24.1M | $51.8M | $54.3M | $12.6M | $8.4M | $70.7M |