Rackspace Technology, Inc. (RXT) Income Statement
RXT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRXT revenue and net income
Where RXT's revenue goes
2025Each bar shows an amount and its share of revenue. RXT kept −8.4% of revenue as net income.
RXT profit margins
RXT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.9% | −4.9% | −0.2% | — |
| Gross profit | −32.6% | −25.1% | −18.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RXT quarterly EPS vs estimates
Rackspace Technology beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.08).
RXT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $2.74B | $2.96B | $3.12B | $3.01B | $2.71B | $2.44B | $2.45B | $2.14B |
| Cost of revenue | $2.33B | $2.20B | $2.31B | $2.27B | $2.07B | $1.72B | $1.43B | $1.45B | $1.35B |
| Gross profit | $359.5M | $533.4M | $648.6M | $856.9M | $936.8M | $984.4M | $1.01B | $1.01B | $790.6M |
| Research & development | $39.1M | — | $43.7M | $24.5M | $28.3M | $36.7M | $56.0M | $74.7M | $92.9M |
| Sales, general & admin | $607.1M | $621.5M | $660.0M | $855.3M | $906.8M | $917.2M | $871.8M | $907.4M | $822.5M |
| Total operating expenses | $427.9M | $1.44B | $1.55B | $1.54B | $939.3M | $959.7M | $909.6M | $949.3M | $913.4M |
| Operating income | −$68.4M | −$909.1M | −$899.4M | −$679.0M | −$2.5M | $24.7M | $101.6M | $70.5M | −$117.6M |
| Interest expense | $127.5M | $98.0M | $221.6M | $208.5M | $205.1M | $268.4M | $329.9M | $281.1M | $223.4M |
| Income before taxes | −$201.8M | −$881.5M | −$854.4M | −$897.7M | −$249.1M | −$312.0M | −$122.3M | −$500.5M | −$360.7M |
| Income taxes | $24.0M | −$23.3M | −$16.6M | −$92.9M | −$30.8M | −$66.2M | −$20.0M | −$29.9M | −$300.8M |
| Net income | −$225.8M | −$858.2M | −$837.8M | −$804.8M | −$218.3M | −$245.8M | −$102.3M | −$470.6M | −$59.9M |
| EBITDA | $288.3M | −$420.5M | −$149.9M | −$241.7M | $446.7M | $479.1M | $774.1M | $393.4M | $629.8M |
| EPS (diluted) | −$0.18 | −$0.25 | −$0.15 | $0.55 | $0.97 | $0.82 | −$6.24 | −$2.85 | — |
| Gross margin | 13.4% | 19.5% | 21.9% | 27.4% | 31.1% | 36.4% | 41.5% | 41.1% | 36.9% |
| Operating margin | −2.5% | −33.2% | −30.4% | −21.7% | −0.1% | 0.9% | 4.2% | 2.9% | −5.5% |
| Net margin | −8.4% | −31.4% | −28.3% | −25.8% | −7.3% | −9.1% | −4.2% | −19.2% | −2.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $666.3M | $678.1M | $682.8M | $671.2M | $666.3M | $665.4M | $685.6M | $675.8M | $684.9M | $690.8M | $719.7M | $732.4M |
| Cost of revenue | $537.1M | $590.3M | $618.1M | $578.8M | $574.7M | $575.9M | $553.9M | $538.3M | $553.5M | $558.0M | $565.6M | $580.4M |
| Gross profit | $129.2M | $87.8M | $64.7M | $92.4M | $91.6M | $89.5M | $131.7M | $137.5M | $131.4M | $132.8M | $154.1M | $152.0M |
| Research & development | — | — | — | — | — | — | $45.4M | — | — | — | $43.7M | — |
| Sales, general & admin | $154.3M | $136.9M | $123.7M | $163.8M | $154.3M | $165.3M | $110.5M | $169.5M | $185.2M | $192.4M | $126.1M | $177.3M |
| Total operating expenses | $154.3M | $96.6M | $63.2M | $116.3M | $112.3M | $114.8M | $160.5M | $311.2M | $185.2M | $785.6M | $169.3M | $391.4M |
| Operating income | −$25.1M | −$8.8M | $1.5M | −$23.9M | −$20.7M | −$25.3M | −$28.8M | −$173.7M | −$53.8M | −$652.8M | −$15.2M | −$239.4M |
| Interest expense | $21.3M | $30.2M | $31.2M | $32.8M | $32.7M | $30.8M | $17.9M | $18.0M | $18.4M | $43.7M | $50.9M | $56.5M |
| Income before taxes | −$49.9M | $8.2M | −$29.6M | −$59.0M | −$49.9M | −$63.3M | −$56.7M | −$174.6M | −$4.9M | −$645.3M | $37.5M | −$243.1M |
| Income taxes | $4.6M | −$100,000 | $3.1M | $8.1M | $4.6M | $8.2M | −$700,000 | $12.0M | −$29.9M | −$4.7M | $9.5M | −$16.5M |
| Net income | −$67.5M | $8.3M | −$32.7M | −$67.1M | −$54.5M | −$71.5M | −$56.0M | −$186.6M | $25.0M | −$640.6M | $28.0M | −$226.6M |
| EBITDA | $56.8M | $112.3M | $91.7M | $97.4M | $73.7M | $58.0M | $50.8M | −$66.4M | $87.7M | −$526.8M | $190.9M | −$81.1M |
| EPS (diluted) | −$0.08 | −$0.06 | −$0.01 | −$0.05 | −$0.06 | −$0.06 | −$0.02 | −$0.04 | −$0.08 | −$0.11 | −$0.03 | −$0.04 |
| Gross margin | 19.4% | 12.9% | 9.5% | 13.8% | 13.7% | 13.5% | 19.2% | 20.3% | 19.2% | 19.2% | 21.4% | 20.8% |
| Operating margin | −3.8% | −1.3% | 0.2% | −3.6% | −3.1% | −3.8% | −4.2% | −25.7% | −7.9% | −94.5% | −2.1% | −32.7% |
| Net margin | −10.1% | 1.2% | −4.8% | −10.0% | −8.2% | −10.7% | −8.2% | −27.6% | 3.7% | −92.7% | 3.9% | −30.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RXT's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RXT financial results
In fiscal year 2025 (ended December 31, 2025), Rackspace Technology reported revenue of $2.7 billion, down 1.9% from the year before. It had a net loss of $225.8 million, a net profit margin of −8.4%. Diluted earnings per share came to −$0.18. Over five years revenue grew at an average rate of −0.2% a year.
See the RXT stock overview for the latest quote and news, or the RXT chart for price history and technical indicators.
RXT income statement FAQ
What is Rackspace Technology's annual revenue?
Rackspace Technology reported total revenue of $2.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.9% from $2.7 billion the previous year.
Is Rackspace Technology profitable?
No. Rackspace Technology reported a net loss of $225.8 million in fiscal 2025, a net profit margin of −8.4%; its operating margin was −2.5%.
What is Rackspace Technology's gross margin?
Rackspace Technology's gross margin was 13.4% in fiscal 2025: for every $100 of revenue, Rackspace Technology kept $13 after the direct cost of its products and services.
How much does Rackspace Technology spend on research and development?
Rackspace Technology spent $39.1 million on research and development in fiscal 2025, 1.5% of revenue.
How fast is Rackspace Technology growing?
Revenue grew −0.2% a year on average over the last five fiscal years, from $2.7 billion to $2.7 billion.
What are Rackspace Technology's earnings per share?
Rackspace Technology earned $-0.18 per diluted share in fiscal 2025, compared with $-0.25 a year earlier.
When will Rackspace Technology report its next earnings?
Rackspace Technology is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Rackspace Technology's fiscal year end?
Rackspace Technology's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.