Rackspace Technology, Inc.
NASDAQ:RXT · NASDAQ Global Select
-$0.43 today
Vol 26.81M · Avg 21.88M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:RXT · Revenue to Net Income
Key Ratios
Analysis
$2.7B of revenue converted into -$146.0M of net income for the selected period. Gross margin is 12.5% and net margin is -5.4%, showing how much revenue survives after costs and taxes. EPS is $-0.61, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B -1.9% | $2.7B -7.4% | $3.0B -5.3% | $3.1B +3.7% | $3.0B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.3B +5.6% | $2.2B -4.5% | $2.3B +1.9% | $2.3B +9.3% | $2.1B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $359.5M -32.6% | $533.4M -17.8% | $648.6M -24.3% | $856.9M -8.5% | $936.8M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 13.4% -6.1pp | 19.5% -2.4pp | 21.9% -5.5pp | 27.4% -3.7pp | 31.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $39.1M | $0 -100.0% | $43.7M | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $388.8M -45.1% | $707.6M +7.2% | $660.0M -22.8% | $855.3M -5.7% | $906.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $427.9M -70.3% | $1.4B -6.8% | $1.5B +0.8% | $1.5B +63.5% | $939.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $362.6M -0.1% | $363.0M -18.0% | $442.9M -1.0% | $447.5M -8.8% | $490.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $288.3M +168.6% | -$420.5M -180.5% | -$149.9M +38.0% | -$241.7M -154.1% | $446.7M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 10.7% +26.1pp | -15.4% -10.3pp | -5.1% +2.7pp | -7.7% -22.6pp | 14.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$68.4M +92.5% | -$909.1M -1.1% | -$899.4M -32.5% | -$679.0M -27060.0% | -$2.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -2.5% +30.7pp | -33.2% -2.8pp | -30.4% -8.7pp | -21.7% -21.7pp | -0.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $127.5M +30.1% | $98.0M -55.8% | $221.6M +6.3% | $208.5M +1.7% | $205.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$133.4M -583.3% | $27.6M -38.7% | $45.0M +120.6% | -$218.7M +11.3% | -$246.6M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$201.8M +77.1% | -$881.5M -3.2% | -$854.4M +4.8% | -$897.7M -260.4% | -$249.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -7.5% +24.7pp | -32.2% -3.3pp | -28.9% -0.1pp | -28.8% -20.5pp | -8.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $24.0M +203.0% | -$23.3M -40.4% | -$16.6M +82.1% | -$92.9M -201.6% | -$30.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | -$225.8M +73.7% | -$858.2M -2.4% | -$837.8M -4.1% | -$804.8M -268.7% | -$218.3M | $4.9B | $4.8B | $4.7B |
| Net Margin | -8.4% +22.9pp | -31.4% -3.0pp | -28.3% -2.6pp | -25.8% -18.5pp | -7.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 +75.1% | -$4 +1.8% | -$4 -2.1% | -$4 -262.9% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 +75.1% | -$4 +1.8% | -$4 -2.1% | -$4 -262.9% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $238.7M +6.2% | $224.8M +4.4% | $215.3M +1.9% | $211.2M +1.5% | $208.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $238.7M +6.2% | $224.8M +4.4% | $215.3M +1.9% | $211.2M +1.5% | $208.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
3D Systems Corporation
NYSE:DDD
$587.21M
Bakkt Holdings, Inc.
NYSE:BKKT
$417.13M
Lesaka Technologies, Inc.
NASDAQ:LSAK
$389.24M
Repay Holdings Corporation
NASDAQ:RPAY
$296.85M
Palladyne AI Corp.
NASDAQ:PDYN
$270.85M
Commerce.com, Inc.
NASDAQ:CMRC
$226.50M
Gorilla Technology Group Inc.
NASDAQ:GRRR
$224.13M
CS Disco, Inc.
NYSE:LAW
$219.98M
Rekor Systems, Inc.
NASDAQ:REKR
$99.12M
Veritone, Inc.
NASDAQ:VERI
$73.48M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does RXT generate?
Rackspace Technology, Inc. (RXT) reported $2.69B of revenue in fiscal 2025.
Is RXT profitable?
Rackspace Technology, Inc. (RXT) reported -$225,800,000.00 of net income, with a net margin of -8.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.