Rackspace Technology Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,686	2,737	2,957	3,122	3,010
Revenue Growth (YoY)	-1.88%	-7.44%	-5.29%	3.75%	11.17%
Cost of Revenue	2,179	2,204	2,328	2,265	2,073
Gross Profit	506.4	533.4	628.8	856.9	936.8
Selling, General & Admin	607.1	707.6	767.2	855.3	906.8
Other Operating Expenses	-	734.9	761	680.6	32.5
Total Operating Expenses	607.1	1,443	1,528	1,536	939.3
Operating Income	-100.7	-909.1	-899.4	-679	-2.5
Interest Expense	-82.7	-98	-221.6	-208.5	-205.1
Other Non-Operating Income (Expense)	19	169	276.6	9.8	-39.5
Total Non-Operating Income (Expense)	-63.7	71	55	-198.7	-244.6
Pretax Income	-201.8	-881.5	-854.4	-897.7	-249.1
Provision for Income Taxes	24	-23.3	-16.6	-92.9	-30.8
Net Income	-225.8	-858.2	-837.8	-804.8	-218.3
Net Income to Common	-225.8	-858.2	-837.8	-804.8	-218.3
Shares Outstanding (Basic)	239	225	215	211	208
Shares Outstanding (Diluted)	239	225	215	211	208
Shares Change (YoY)	6.18%	4.41%	1.94%	1.54%	15.81%
EPS (Basic)	-0.95	-3.82	-3.89	-3.81	-1.05
EPS (Diluted)	-0.95	-3.82	-3.89	-3.81	-1.05
Shares Outstanding	245.3	229.1	217.4	212.6	211.2
Free Cash Flow	90.6	-71.2	278	166.3	262.4
Free Cash Flow Growth	-	-	67.17%	-36.62%	131100.00%
Free Cash Flow Per Share	0.38	-0.32	1.29	0.79	1.26
Gross Margin	18.86%	19.49%	21.26%	27.44%	31.13%
Operating Margin	-3.75%	-33.21%	-30.41%	-21.75%	-0.08%
Profit Margin	-8.41%	-31.35%	-28.33%	-25.78%	-7.25%
FCF Margin	3.37%	-2.60%	9.40%	5.33%	8.72%
EBITDA	197.6	-613.7	-529.7	-291.2	422.3
EBITDA Margin	7.36%	-22.42%	-17.91%	-9.33%	14.03%
EBIT	-100.7	-909.1	-899.4	-679	-2.5
EBIT Margin	-3.75%	-33.21%	-30.41%	-21.75%	-0.08%
Effective Tax Rate	-11.89%	2.64%	1.94%	10.35%	12.36%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q