Rackspace Technology, Inc. (RXT)

Rackspace Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,712	2,737	2,957	3,122	3,010	2,707
Revenue Growth (YoY)	-6.14%	-7.44%	-5.29%	3.75%	11.17%	11.03%
Cost of Revenue	2,165	2,182	2,308	2,254	2,033	1,707
Gross Profit	546.9	555	649.6	868.5	977	999.7
Selling, General & Admin	581.4	603.2	665.9	749.9	726.5	772.6
Research & Development	45.4	45.4	43.7	24.5	28.3	36.7
Operating Expenses	645.1	666.9	718.8	785.4	759.8	829.4
Operating Income	-98.2	-111.9	-69.2	83.1	217.2	170.3
Interest Expense	-73.7	-98	-221.6	-208.5	-205.1	-268.4
Currency Exchange Gain (Loss)	-3.1	-2.4	3.9	-10.1	2.1	-3.8
Other Non Operating Income (Expenses)	-18.4	-19.3	-8.9	0.1	-3.1	6.3
EBT Excluding Unusual Items	-193.4	-231.6	-295.8	-135.4	11.1	-95.6
Merger & Restructuring Charges	-55.5	-63.7	-74	-75.6	-187.2	-145.6
Impairment of Goodwill	-141.7	-714.9	-708.8	-534.5	-52.4	-
Gain (Loss) on Sale of Investments	-0.1	0.1	0.3	-0.2	-3	0.7
Gain (Loss) on Sale of Assets	-	-	-	-	19.9	-
Asset Writedown	-	-20	-52.2	-146.1	-	-
Other Unusual Items	89.8	147.2	271	-5.9	-37.5	-71.5
Pretax Income	-299.5	-881.5	-854.4	-897.7	-249.1	-312
Income Tax Expense	-10.4	-23.3	-16.6	-92.9	-30.8	-66.2
Net Income	-289.1	-858.2	-837.8	-804.8	-218.3	-245.8
Net Income to Common	-289.1	-858.2	-837.8	-804.8	-218.3	-245.8
Shares Outstanding (Basic)	228	225	215	211	208	180
Shares Outstanding (Diluted)	228	225	215	211	208	180
Shares Change (YoY)	5.01%	4.41%	1.94%	1.54%	15.81%	8.65%
EPS (Basic)	-1.27	-3.82	-3.89	-3.81	-1.05	-1.37
EPS (Diluted)	-1.28	-3.82	-3.89	-3.81	-1.05	-1.37
Free Cash Flow	51.5	-71.2	278	166.3	262.4	0.2
Free Cash Flow Per Share	0.23	-0.32	1.29	0.79	1.26	0.00
Gross Margin	20.17%	20.28%	21.97%	27.82%	32.46%	36.93%
Operating Margin	-3.62%	-4.09%	-2.34%	2.66%	7.22%	6.29%
Profit Margin	-10.66%	-31.35%	-28.33%	-25.78%	-7.25%	-9.08%
Free Cash Flow Margin	1.90%	-2.60%	9.40%	5.33%	8.72%	0.01%
EBITDA	196.3	183.5	300.5	470.9	642	636.5
EBITDA Margin	7.24%	6.70%	10.16%	15.08%	21.33%	23.51%
D&A For EBITDA	294.5	295.4	369.7	387.8	424.8	466.2
EBIT	-98.2	-111.9	-69.2	83.1	217.2	170.3
EBIT Margin	-3.62%	-4.09%	-2.34%	2.66%	7.22%	6.29%
Advertising Expenses	-	26.4	27.6	34.4	34.4	42.5

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q