RXT Stock - Rackspace Technology, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.74B | $2.96B | $3.12B | $3.01B | $2.71B |
| Gross Profit | $533.40M | $648.60M | $856.90M | $936.80M | $984.40M |
| Gross Margin | 19.5% | 21.9% | 27.4% | 31.1% | 36.4% |
| Operating Income | $-909,100,000 | $-899,400,000 | $-679,000,000 | $-2,500,000 | $24.70M |
| Net Income | $-858,200,000 | $-837,800,000 | $-804,800,000 | $-218,300,000 | $-245,800,000 |
| Net Margin | -31.4% | -28.3% | -25.8% | -7.3% | -9.1% |
| EPS | $-3.82 | $-3.89 | $-3.81 | $-1.05 | $-1.37 |
Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| June 2nd 2025 | Raymond James | Downgrade | Market Perform | - |
| November 7th 2023 | UBS | Initiation | Neutral | $1.4 |
| September 19th 2023 | Raymond James | Upgrade | Outperform | $3.5 |
| July 25th 2023 | Citigroup | Downgrade | Sell | $1.5← $1.25 |
| October 11th 2022 | Evercore ISI | Downgrade | In-line | $5← $9 |
| August 16th 2022 | JP Morgan | Downgrade | Underweight | $5← $7 |
| August 11th 2022 | RBC Capital Mkts | Downgrade | Sector Perform | $7← $9 |
| August 10th 2022 | William Blair | Downgrade | Market Perform | - |
| August 10th 2022 | Raymond James | Downgrade | Market Perform | - |
| July 15th 2022 | Barclays | Downgrade | Underweight | $5 |
| May 11th 2022 | Raymond James | Upgrade | Outperform | $12 |
| April 8th 2022 | Oppenheimer | Downgrade | Perform | - |
Earnings History & Surprises
RXTEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $-0.04 | — | — | — |
Q4 2025 | Nov 6, 2025 | $-0.03 | $-0.05 | -73.1% | ✗ MISS |
Q3 2025 | Aug 7, 2025 | $-0.05 | $-0.06 | -20.0% | ✗ MISS |
Q2 2025 | May 8, 2025 | $-0.08 | $-0.06 | +25.0% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $-0.04 | $-0.02 | +50.0% | ✓ BEAT |
Q4 2024 | Nov 12, 2024 | $-0.08 | $-0.04 | +50.0% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $-0.11 | $-0.08 | +27.3% | ✓ BEAT |
Q2 2024 | May 15, 2024 | $-0.13 | $-0.11 | +15.4% | ✓ BEAT |
Q1 2024 | Mar 12, 2024 | $-0.02 | $-0.03 | -22.1% | ✗ MISS |
Q4 2023 | Nov 7, 2023 | $-0.05 | $-0.04 | +20.0% | ✓ BEAT |
Q3 2023 | Aug 8, 2023 | $-0.08 | $-0.06 | +25.0% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $-0.02 | $-0.02 | -23.1% | ✗ MISS |
Q1 2023 | Feb 22, 2023 | $0.06 | $0.06 | 0.0% | = MET |
Q4 2022 | Nov 9, 2022 | $0.09 | $0.10 | +11.1% | ✓ BEAT |
Q3 2022 | Aug 9, 2022 | $0.16 | $0.17 | +6.3% | ✓ BEAT |
Q2 2022 | May 10, 2022 | $0.21 | $0.22 | +4.8% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $0.24 | $0.25 | +4.2% | ✓ BEAT |
Q4 2021 | Nov 15, 2021 | $0.24 | $0.25 | +4.2% | ✓ BEAT |
Q3 2021 | Aug 16, 2021 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Latest News
Rackspace Technology Unveils Rackspace AI Launchpad
📈 PositiveRBC Capital Maintains Sector Perform on Rackspace Technology, Lowers Price Target to $1.75
📉 NegativeRackspace Technology Sees Q4 Adj EPS $(0.05)-$(0.03) vs $(0.04) Est; Sees Sales $664.000M-$678.000M vs $676.650M Est
📉 NegativeRackspace Tech Q3 Adj. EPS $(0.05), Inline, Sales $671.200M Beat $666.833M Estimate
📈 PositiveRackspace Technology Earns AWS Automotive Competency After Five Years Supporting OEMs And Tier 1 Suppliers Worldwide
📈 PositiveRackspace Technology Appointed Gajen Kandiah As CEO, Effective Sept. 3, 2025; Succeeds Amar Maletira
➖ NeutralRackspace And SMPL-C Partner To Streamline CMMC Compliance For Federal Contractors With AI-Powered Automation
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