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...
Revenue
$675.8M
Gross Profit
$137.5M
Operating Profit
$-173.7M
Net Profit
$-186.6M
Gross Margin
20.3%
Operating Margin
-25.7%
Net Margin
-27.6%
YoY Growth
-7.7%
EPS
$-0.82
Rackspace Technology, Inc. Q3 FY2024 Financial Summary
Rackspace Technology, Inc. reported revenue of $675.8M (down 7.7% YoY) for Q3 FY2024, with a net profit of $-186.6M (up 17.7% YoY) (-27.6% margin). Cost of goods sold was $538.3M, operating expenses totaled $311.2M.
Key Financial Metrics
| Total Revenue | $675.8M |
|---|---|
| Net Profit | $-186.6M |
| Gross Margin | 20.3% |
| Operating Margin | -25.7% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
Rackspace Technology, Inc. Q3 FY2024 revenue of $675.8M breaks down across 2 segments, led by Public Cloud Services Segment at $418.3M (61.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Public Cloud Services Segment | $418.3M | 61.9% |
| Private Cloud Service Segment | $257.5M | 38.1% |
Rackspace Technology, Inc. Revenue by Segment — Quarterly Trend
Rackspace Technology, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Public Cloud Services Segment and Private Cloud Service Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Public Cloud Services Segment | $442.2M | $421.6M | $416.6M | $415.6M |
| Private Cloud Service Segment | $240.6M | $249.6M | $249.7M | $249.8M |
Rackspace Technology, Inc. Annual Revenue by Year
Rackspace Technology, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.7B |
| 2024 | $2.7B |
| 2023 | $3.0B |
| 2022 | $3.1B |
Rackspace Technology, Inc. Quarterly Revenue & Net Profit History
Rackspace Technology, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $682.8M | -0.4% | $-32.7M | -4.8% |
| Q3 FY2025 | $671.2M | -0.7% | $-67.1M | -10.0% |
| Q2 FY2025 | $666.3M | -2.7% | $-54.5M | -8.2% |
| Q1 FY2025 | $665.4M | -3.7% | $-71.5M | -10.7% |
| Q4 FY2024 | $685.6M | -4.7% | $-56.0M | -8.2% |
| Q3 FY2024 | $675.8M | -7.7% | $-186.6M | -27.6% |
| Q2 FY2024 | $684.9M | -8.2% | $25.0M | 3.7% |
| Q1 FY2024 | $690.8M | -8.9% | $-640.6M | -92.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $690.8M | $684.9M | $675.8M | $685.6M | $665.4M | $666.3M | $671.2M | $682.8M |
| YoY Growth | -8.9% | -8.2% | -7.7% | -4.7% | -3.7% | -2.7% | -0.7% | -0.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.52B | $3.39B | $3.15B | $3.05B | $2.97B | $2.89B | $2.85B | $2.80B |
| Liabilities | $4.30B | $4.15B | $4.10B | $4.06B | $4.04B | $4.01B | $4.03B | $4.02B |
| Equity | $-787.2M | $-756.2M | $-949.7M | $-1.00B | $-1.07B | $-1.12B | $-1.19B | $-1.22B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-90.3M | $24.1M | $51.8M | $54.3M | $12.6M | $8.4M | $70.7M | $59.7M |