Rackspace Technology, Inc. financial data

Symbol
RXT on Nasdaq
Industry
Services-Computer Programming, Data Processing, Etc.
Location
1 Fanatical Place, City Of Windcrest, San Antonio, Texas
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Rackspace Corp. (to 5/6/2020)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 104 % -16.1%
Debt-to-equity -1.62 K % -331%
Return On Equity 317 %
Return On Assets -20.9 % +16.1%
Operating Margin -33.6 % +18.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 220 M shares +3.25%
Common Stock, Shares, Outstanding 224 M shares +3.95%
Entity Public Float 139 M USD -63.6%
Common Stock, Value, Issued 2.3 M USD +4.55%
Weighted Average Number of Shares Outstanding, Basic 220 M shares +3.1%
Weighted Average Number of Shares Outstanding, Diluted 220 M shares +3.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 2.89 B USD -6.97%
Cost of Revenue 2.3 B USD -0.34%
Research and Development Expense 43.7 M USD +78.4%
Operating Income (Loss) -971 M USD +24.2%
Nonoperating Income (Expense) 94.4 M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -877 M USD +41.1%
Income Tax Expense (Benefit) -10.4 M USD +90.5%
Net Income (Loss) Attributable to Parent -866 M USD +37.1%
Earnings Per Share, Basic -3.93 USD/shares +39.5%
Earnings Per Share, Diluted -3.93 USD/shares +39.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 283 M USD +62.1%
Accounts Receivable, after Allowance for Credit Loss, Current 303 M USD -46.9%
Other Assets, Current 91.3 M USD -18.6%
Assets, Current 788 M USD -18.7%
Operating Lease, Right-of-Use Asset 120 M USD -5.15%
Intangible Assets, Net (Excluding Goodwill) 960 M USD -19.7%
Goodwill 878 M USD -45.6%
Other Assets, Noncurrent 153 M USD -22.5%
Assets 3.52 B USD -26.1%
Employee-related Liabilities, Current 64 M USD -2.74%
Contract with Customer, Liability, Current 78.7 M USD -22.3%
Liabilities, Current 754 M USD -4.65%
Contract with Customer, Liability, Noncurrent 6.2 M USD -16.2%
Deferred Income Tax Liabilities, Net 59.3 M USD -44%
Operating Lease, Liability, Noncurrent 69.5 M USD -4.53%
Other Liabilities, Noncurrent 105 M USD -4.73%
Liabilities 4.3 B USD -9.03%
Accumulated Other Comprehensive Income (Loss), Net of Tax 58.6 M USD -7.86%
Retained Earnings (Accumulated Deficit) -3.46 B USD -33.3%
Stockholders' Equity Attributable to Parent -787 M USD -3326%
Liabilities and Equity 3.52 B USD -26.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -90.3 M USD -4653%
Net Cash Provided by (Used in) Financing Activities 188 M USD
Net Cash Provided by (Used in) Investing Activities -11.1 M USD +5.13%
Common Stock, Shares Authorized 1.5 B shares 0%
Common Stock, Shares, Issued 227 M shares +3.9%
Common Stock, Par or Stated Value Per Share 0.01 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 85.8 M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 286 M USD +60.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 53.3 M USD +7.68%
Deferred Tax Assets, Valuation Allowance 66.1 M USD +13%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 325 M USD +1.37%
Operating Lease, Liability 141 M USD -2.9%
Depreciation 191 M USD -11.3%
Payments to Acquire Property, Plant, and Equipment 28.1 M USD +132%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -871 M USD +36.1%
Lessee, Operating Lease, Liability, to be Paid 156 M USD -1.58%
Operating Lease, Liability, Current 59.9 M USD +7.73%
Lessee, Operating Lease, Liability, to be Paid, Year Two 31.3 M USD -33.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 73.8 M USD +7.74%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) -24.4 M USD -41%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 15.3 M USD +12.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 19.2 M USD -2.54%
Deferred Tax Assets, Operating Loss Carryforwards 31.3 M USD -44.9%
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -34.3 M USD +58%
Current Income Tax Expense (Benefit) 25.3 M USD +59.1%
Preferred Stock, Shares Authorized 5 M shares 0%
Unrecognized Tax Benefits 63.6 M USD +11.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 13.8 M USD +16%
Operating Lease, Payments 80.2 M USD +9.41%
Additional Paid in Capital 2.65 B USD +2.31%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 7 M USD +62.8%
Current Federal Tax Expense (Benefit) 200 K USD 0%
Amortization of Intangible Assets 159 M USD -4.05%
Deferred Tax Assets, Net of Valuation Allowance 259 M USD -1.22%
Share-based Payment Arrangement, Expense 63 M USD -6.94%
Deferred State and Local Income Tax Expense (Benefit) 800 K USD
Interest Expense 208 M USD -3.21%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%