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, TX
State of incorporation
DE
Fiscal year end
December 31
Former names
Rackspace Corp. (to 5/6/2020)
Latest financial report
10-Q - Q2 2024 - Aug 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 97.4 % -20.7%
Debt-to-equity -913 % -172%
Return On Equity 173 %
Return On Assets -21.3 % +19.7%
Operating Margin -34 % +22.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 226M shares +4.7%
Common Stock, Shares, Outstanding 226M shares +4.59%
Entity Public Float 139M USD -63.6%
Common Stock, Value, Issued 2.3M USD +4.55%
Weighted Average Number of Shares Outstanding, Basic 225M shares +4.37%
Weighted Average Number of Shares Outstanding, Diluted 230M shares +6.74%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 2.83B USD -8.18%
Cost of Revenue 2.26B USD -3.94%
Operating Income (Loss) -961M USD +28.7%
Nonoperating Income (Expense) 105M USD +29%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -856M USD +41.4%
Income Tax Expense (Benefit) -41.6M USD +56.7%
Net Income (Loss) Attributable to Parent -814M USD +40.3%
Earnings Per Share, Basic -3.69 USD/shares +42.7%
Earnings Per Share, Diluted -3.69 USD/shares +42.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 190M USD +18.9%
Accounts Receivable, after Allowance for Credit Loss, Current 323M USD -40.6%
Other Assets, Current 96.7M USD -19.3%
Assets, Current 696M USD -23.8%
Operating Lease, Right-of-Use Asset 144M USD +4.79%
Intangible Assets, Net (Excluding Goodwill) 922M USD -20.2%
Goodwill 878M USD -45.7%
Other Assets, Noncurrent 142M USD -29%
Assets 3.39B USD -27.2%
Employee-related Liabilities, Current 72.3M USD -0.14%
Contract with Customer, Liability, Current 72.5M USD -1.36%
Liabilities, Current 771M USD -0.63%
Contract with Customer, Liability, Noncurrent 3.7M USD -47.9%
Deferred Income Tax Liabilities, Net 35.6M USD -68.5%
Operating Lease, Liability, Noncurrent 90.3M USD +1.92%
Other Liabilities, Noncurrent 100M USD +0.6%
Liabilities 4.15B USD -10.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax 51.2M USD -35.1%
Retained Earnings (Accumulated Deficit) -3.44B USD -31%
Stockholders' Equity Attributable to Parent -756M USD -2471%
Liabilities and Equity 3.39B USD -27.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -90.3M USD -4653%
Net Cash Provided by (Used in) Financing Activities 188M USD
Net Cash Provided by (Used in) Investing Activities -11.1M USD +5.13%
Common Stock, Shares Authorized 1.5B shares 0%
Common Stock, Shares, Issued 229M shares +4.53%
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 85.8M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 193M USD +18.5%
Interest Paid, Excluding Capitalized Interest, Operating Activities 53.3M USD +7.68%
Deferred Tax Assets, Valuation Allowance 66.1M USD +13%
Deferred Tax Assets, Gross 325M USD +1.37%
Operating Lease, Liability 141M USD -2.9%
Depreciation 170M USD -21.3%
Payments to Acquire Property, Plant, and Equipment 28.1M USD +132%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -842M USD +36.8%
Lessee, Operating Lease, Liability, to be Paid 156M USD -1.58%
Operating Lease, Liability, Current 58.7M USD -13%
Lessee, Operating Lease, Liability, to be Paid, Year Two 31.3M USD -33.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 73.8M USD +7.74%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure 0%
Deferred Income Tax Expense (Benefit) -24.4M USD -41%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 15.3M USD +12.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 19.2M USD -2.54%
Deferred Tax Assets, Operating Loss Carryforwards 31.3M USD -44.9%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 63.6M USD +11.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 13.8M USD +16%
Additional Paid in Capital 2.66B USD +2.06%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 156M USD -4.81%
Deferred Tax Assets, Net of Valuation Allowance 259M USD -1.22%
Share-based Payment Arrangement, Expense 63M USD -1.72%
Interest Expense 208M USD -3.21%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%