Company profile · Internet & IT Services
Rackspace Technology, Inc. (RXT)
Nasdaq: RXT · San Antonio, TX · Data from SEC filings, updated Oct 6, 2026
Overview
Rackspace Technology, Inc. trades on Nasdaq under the ticker RXT and is classified by RoxMag in the Internet & IT Services segment (SEC industry code 7370, Services-Computer Programming, Data Processing, Etc.). Its principal executive offices are in San Antonio, TX. The company was founded in 1998. In its annual report for the fiscal year ended December 31, 2025, it reported revenue of $2.69 billion and a net loss of $225.8 million. By public float it ranks #88 of the 126 internet & it services companies profiled on RoxMag.
Rackspace Technology, Inc. is an American information technology cloud computing company based in San Antonio, Texas. It also has offices in Reston, Virginia, as well as in Australia, Canada, United Kingdom, India, Dubai, Switzerland, the Netherlands, Germany, Singapore, Mexico, Toronto and Hong Kong. Its data centers are located in Amsterdam (Netherlands), Virginia (US), Chicago (US), Dallas (US), London (UK), Frankfurt (Germany), Hong Kong (China), Kansas City (US), New York City (US), San Jose (US), Shanghai (China), Queenstown (Singapore) and Sydney (Australia).
Financial history
Annual figures as reported in Rackspace Technology, Inc.'s 10-K filings (US dollars).
- Revenue growth
- -1.9%
- vs prior year, FY2025
- Net margin
- -8.4%
- net income ÷ revenue, FY2025
- Operating margin
- -3.7%
- operating income ÷ revenue, FY2025
- R&D share of revenue
- 1.5%
- R&D ÷ revenue, FY2025
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.7B | $3.0B | $3.1B | $3.0B |
| Gross profit | $506.4M | $533.4M | $628.8M | $856.9M | $936.8M |
| Operating income | -$100.7M | -$909.1M | -$899.4M | -$679.0M | -$2.5M |
| Net income | -$225.8M | -$858.2M | -$837.8M | -$804.8M | -$218.3M |
| Research & development | $39.1M | $45.4M | $43.7M | $24.5M | $28.3M |
| Total assets | $2.8B | $3.1B | $4.1B | $5.5B | $6.3B |
| Stockholders' equity | -$1.2B | -$1.0B | -$154.5M | $629.5M | $1.3B |
| Cash & equivalents | $105.8M | $144.0M | $196.8M | $228.4M | $272.8M |
Fiscal-year labels follow the calendar year in which each fiscal year ends. Margins and growth are calculated by RoxMag from the reported figures.
Recent SEC filings
- 8-K 8-K (ITEM 5.02)
- 8-K 8-K
- 10-Q 10-Q
- 8-K 8-K
- 8-K 8-K (ITEM 5.07)
- 8-K 8-K
- 8-K 8-K
- 10-Q 10-Q
- 8-K 8-K
- DEF 14A DEF 14A
- 8-K 8-K (ITEM 5.02)
- 10-K 10-K
Sources & method
Company identity, address, filings, financial figures, share counts and public float come from the company's own filings with the U.S. Securities and Exchange Commission (EDGAR). Website, founding year, chief executive and employee count come from Wikidata where available; the overview excerpt is from Wikipedia. Fields without a public source are left blank. RoxMag does not estimate figures. This page is general information, not investment advice — see our disclaimer and editorial policy.