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Rackspace Technology, Inc. logo

Rackspace Technology, Inc.

RXT

NASDAQTechnologySoftware - Infrastructure

Open in GoAI

Regular session

$3.142

−$0.178 · -5.36%

Aug 24, 1:40 PM ETData delayed

RXT company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

40

Expensive

Momentum

81

Strong Up

Sentiment

47

Mixed

Risk resilience

25

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Rackspace Technology, Inc. is a global provider specializing in multi-cloud technology services. The company organizes its business into two primary divisions: Multicloud Services and Apps & Cross Platform. Through its Multicloud Services division, Rackspace offers comprehensive managed services for both public and private cloud environments. These services empower clients to identify, oversee, and fine-tune their ideal infrastructure, platforms, and associated services. This segment also delivers expert professional assistance for architecting and deploying multi-cloud strategies and modern cloud-native applications. The Apps & Cross Platform segment encompasses managed application services, along with extensive managed security offerings. These security services span threat identification and mitigation, proactive prevention, prompt incident response, adherence to governance standards, risk management, compliance support across diverse cloud ecosystems, and robust privacy and data protection, including granular access controls and reporting. Furthermore, this segment provides specialized data services and professional expertise for the development and deployment of application, security, and data solutions. Established in 1998, Rackspace Technology, Inc. maintains its corporate headquarters in San Antonio, Texas.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Gajen Kandiah
Listed since
Aug 5, 2020
Employees
5,000

Market position

Day range

Current $3.142

52-week range

Current $3.142

Open
$3.21
Previous close
$3.32
Volume
5.7M
0.29× average
Average volume
20M
Average daily volume
Market cap
800.57M USD
Beta
3.1
Market reference 1
50-day average
$5.0522
-37.81% below average
200-day average
$2.6409
+18.97% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.41B USD
P/E (TTM)
-4.88×
P/B (TTM)
-0.62×
P/S (TTM)
0.3×
EV / EBITDA
11.83×
Earnings yield
-97.42%
Free cash flow yield
39.09%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
13.86%
Operating margin
-2.09%
Net margin
-5.89%
Return on equity
18.52%
Return on assets
-8.06%
Return on invested capital
-3.14%

Financial health

Debt / equity
-2.57×
Current ratio
0.68×
Altman Z-score
-1.01
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends38%12%-14%-40%Gross margin, FY2021: 31.13%Gross margin, FY2022: 27.44%Gross margin, FY2023: 21.93%Gross margin, FY2024: 19.49%Gross margin, FY2025: 13.39%Operating margin, FY2021: -0.08%Operating margin, FY2022: -21.75%Operating margin, FY2023: -30.41%Operating margin, FY2024: -33.21%Operating margin, FY2025: -2.55%Net margin, FY2021: -7.25%Net margin, FY2022: -25.78%Net margin, FY2023: -28.33%Net margin, FY2024: -31.35%Net margin, FY2025: -8.41%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 31.13%. Gross margin FY2022 27.44%. Gross margin FY2023 21.93%. Gross margin FY2024 19.49%. Gross margin FY2025 13.39%. Operating margin FY2021 -0.08%. Operating margin FY2022 -21.75%. Operating margin FY2023 -30.41%. Operating margin FY2024 -33.21%. Operating margin FY2025 -2.55%. Net margin FY2021 -7.25%. Net margin FY2022 -25.78%. Net margin FY2023 -28.33%. Net margin FY2024 -31.35%. Net margin FY2025 -8.41%.

Income trends

Revenue

2.69B USD-1.88%

Operating income

−68.4M USD+92.48%

Net income

−225.8M USD+73.69%
Income trends across reported periods3.53B USD1.91B USD300.32M USD−1.31B USDRevenue, FY2021: 3.01B USDRevenue, FY2022: 3.12B USDRevenue, FY2023: 2.96B USDRevenue, FY2024: 2.74B USDRevenue, FY2025: 2.69B USDOperating income, FY2021: −2.5M USDOperating income, FY2022: −679M USDOperating income, FY2023: −899.4M USDOperating income, FY2024: −909.1M USDOperating income, FY2025: −68.4M USDNet income, FY2021: −218.3M USDNet income, FY2022: −804.8M USDNet income, FY2023: −837.8M USDNet income, FY2024: −858.2M USDNet income, FY2025: −225.8M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.01B USD. Revenue FY2022 3.12B USD. Revenue FY2023 2.96B USD. Revenue FY2024 2.74B USD. Revenue FY2025 2.69B USD. Operating income FY2021 −2.5M USD. Operating income FY2022 −679M USD. Operating income FY2023 −899.4M USD. Operating income FY2024 −909.1M USD. Operating income FY2025 −68.4M USD. Net income FY2021 −218.3M USD. Net income FY2022 −804.8M USD. Net income FY2023 −837.8M USD. Net income FY2024 −858.2M USD. Net income FY2025 −225.8M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.69B USD2.74B USD2.96B USD3.12B USD3.01B USD
Cost of goods sold2.33B USD2.2B USD2.31B USD2.27B USD2.07B USD
Gross profit359.5M USD533.4M USD648.6M USD856.9M USD936.8M USD
Research and development39.1M USD—43.7M USD——
Selling, general, and administrative388.8M USD707.6M USD660M USD855.3M USD906.8M USD
Operating expenses427.9M USD1.44B USD1.55B USD1.54B USD939.3M USD
Interest expense127.5M USD98M USD221.6M USD208.5M USD205.1M USD
Depreciation and amortization362.6M USD363M USD442.9M USD447.5M USD490.7M USD
Operating income−68.4M USD−909.1M USD−899.4M USD−679M USD−2.5M USD
Net income−225.8M USD−858.2M USD−837.8M USD−804.8M USD−218.3M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+4.49%
11 comparable reports
Latest EPS result
-0.08
Estimate -0.09 · Beat by 11.19%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.01-0.05-0.09-0.13Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual -0.02, estimate -0.04, surprise +50.00%, Beat. Q2 2025, reported May 8, 2025: actual -0.06, estimate -0.08, surprise +25.00%, Beat. Q3 2025, reported Aug 7, 2025: actual -0.06, estimate -0.05, surprise -20.00%, Miss. Q4 2025, reported Nov 6, 2025: actual -0.05, estimate -0.029, surprise -73.07%, Miss. Q1 2026, reported Feb 26, 2026: actual -0.01, estimate -0.036, surprise +72.17%, Beat. Q2 2026, reported May 7, 2026: actual -0.06, estimate -0.032, surprise -86.51%, Miss. Q3 2026, reported Aug 11, 2026: actual -0.08, estimate -0.09, surprise +11.19%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.08, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates713.02M657.53M602.03M546.53MQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 685.6M USD, estimate 674.85M USD, surprise +1.59%, Beat. Q2 2025, reported May 8, 2025: actual 665.4M USD, estimate 657.98M USD, surprise +1.13%, Beat. Q3 2025, reported Aug 7, 2025: actual 666.3M USD, estimate 666.83M USD, surprise -0.08%, Miss. Q4 2025, reported Nov 6, 2025: actual 671.2M USD, estimate 672.56M USD, surprise -0.20%, Miss. Q1 2026, reported Feb 26, 2026: actual 682.8M USD, estimate 672.37M USD, surprise +1.55%, Beat. Q2 2026, reported May 7, 2026: actual 678.1M USD, estimate 660.83M USD, surprise +2.61%, Beat. Q3 2026, reported Aug 11, 2026: actual 670.1M USD, estimate 646M USD, surprise +3.73%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 573.95M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$4.83

53.19% upside
Past 12 months12-month forecastHigh $5.50Average $4.83Low $4.00

Rating distribution

13 ratings
Strong buy00%
Buy215%
Hold862%
Sell323%
Strong sell00%

Recent analyst actions

7 institutions
Evercore ISI GroupmaintainIn Line
CitigroupmaintainSell

RXT news

globenewswire.com

Levi & Korsinsky Reminds Rackspace Technology Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of September 28, 2026 - RXT

Time-Sensitive: Allegations Focus on Rackspace's Public Cloud Resale Representations, Where a $125 Million Guidance Cut Followed Reaffirmed Full-Year Targets Time-Sensitive: Allegations Focus on Rackspace's Public Cloud…

Read source
globenewswire.com

Kaplan Fox Encourages Rackspace Technology, Inc. (NASDAQ: RXT) Investors to Contact the Firm Before the Deadline on September 28, 2026 for a Leadership Role

NEW YORK, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (“Rackspace” or the “Company”) (NASDAQ: RXT) on behalf of…

Read source
globenewswire.com

Investor Reminder: Rackspace (NASDAQ:RXT) Investors are Encouraged to Contact BFA Law – Securities Fraud Lawsuit Pending Over AI Effort Issues

NEW YORK, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (NASDAQ:RXT) and certain of the…

Read source
gurufocus.com

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT PR Newswir

Read source
gurufocus.com

RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law

RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law PR Newswire

Read source
prnewswire.com

Rackspace Technology, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RXT

LOS ANGELES, Aug. 24, 2026 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Rackspace Technology, Inc. ("Rackspace" or "the Company") (NASDAQ: RXT) for violations of §§10(b) and 20(a)…

Read source

Corporate actions

Corporate action history

Stock split

Effective Jul 20, 2020

1:12

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ETFs holding RXT

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
13.21M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.18-0.28%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
8.61M
Weight
0.01%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$116.69-1.46%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
8.11M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.15-0.60%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
4.95M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.45-0.85%
Vanguard U.S. Momentum Factor ETF logoVanguard U.S. Momentum Factor ETFVFMO
Market value
3.06M
Weight
0.15%
AUM
1.8B USD
Expense ratio
0.13%
Price / 1D
$229.27-1.40%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
2.14M
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.54-0.59%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
2.09M
Weight
0.01%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.18-0.28%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
1.64M
Weight
0.01%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.455-1.09%

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