Tearsheet

Rackspace Technology (RXT)

Market Price (12/4/2025): $1.035 | Market Cap: $246.3 Mil
Sector: Information Technology | Industry: Systems Software

Rackspace Technology (RXT)

Market Price (12/4/2025): $1.035
Market Cap: $246.3 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%	Weak multi-year price returns 2Y Excs Rtn is -75%, 3Y Excs Rtn is -150%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -124 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.6%
1	Attractive yield FCF Yield is 18%		Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1046%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more.		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%, Rev Chg QQuarterly Revenue Change % is -2.7%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -125%

0	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -39%
1	Attractive yield FCF Yield is 18%
2	Megatrend and thematic drivers Megatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -75%, 3Y Excs Rtn is -150%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -124 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -4.6%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1046%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4%, Rev Chg QQuarterly Revenue Change % is -2.7%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -125%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$1.03	$2.21	$2.00	$2.95	$13.47
Market Cap CYE ($ Mil)	246.3	504.8	433.6	627.5	2,830.0
Total Debt ($ Mil)	3,290.7	3,281.9	3,381.0	3,852.1	3,966.8
Total Cash ($ Mil)	103.9	144.0	196.8	228.4	272.8
Enterprise Value ($ Mil)	3,433.1	3,786.7	3,814.6	4,479.6	6,796.8
Valuation Ratios
P/S TTM	0.1	0.2	0.1	0.2	0.9
P/EBIT TTM	-1.1	-0.6	-0.7	-0.9	-63.7
P/E TTM	-0.8	-0.6	-0.5	-0.8	-12.8
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6	4.7
P/EBIT TTM (Sector)	0.4	-0.0	-0.1	-0.7	3.1
P/E TTM (Sector)	-0.5	-0.3	-0.4	-0.8	0.1

	12/4/25	2024	2023
Share Price CYE	$1.03	$2.21	$2.00
Market Cap CYE ($ Mil)	246.3	504.8	433.6
Total Debt ($ Mil)	3,290.7	3,281.9	3,381.0
Total Cash ($ Mil)	103.9	144.0	196.8
Enterprise Value ($ Mil)	3,433.1	3,786.7	3,814.6
Valuation Ratios
P/S TTM	0.1	0.2	0.1
P/EBIT TTM	-1.1	-0.6	-0.7
P/E TTM	-0.8	-0.6	-0.5
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	0.4	-0.0	-0.1
P/E TTM (Sector)	-0.5	-0.3	-0.4

	RXT	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.7
Rev Chg Q	-2.7%	7.1%
Rev Chg LTM	-4.8%	6.1%
Rev Chg 3Y Avg	-4.4%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	-0.4
Op Mgn LTM	-4.6%	18.8%
CFO/Rev LTM	4.7%	20.5%
Net Inc Mgn	-13.7%	13.1%
VALUATION	VERY LOW
P/S	0.1	3.2
P/CFO	2.4	15.8
P/FCF	5.7	20.5
P/E	-0.8	23.5
STABILITY	VERY POOR
Debt/Equity	10.75	0.20
Cash/Assets	0.04	0.07

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Metric	Value	Date	Source
Bookings Growth (Year-over-Year)	5%	9302025	Link

Recent
11/06/2025	Earnings Release	Rev: $671 Mil (A) vs. $672 Mil (E) EPS: -0.05 (A) vs. $-0.03 (E)
Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

RXT Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Here are five key points explaining Rackspace Technology's (RXT) stock movement by -18.3% for the approximate time period from August 31, 2025, to December 4, 2025: 1. Q3 2025 Non-GAAP Loss Exceeded Expectations: Rackspace Technology reported its third-quarter 2025 earnings, revealing a non-GAAP loss per share of $0.05. This figure was slightly higher than analysts' expectations, who had anticipated a loss of $0.04, indicating a miss on profitability.

2. Lowered Q4 2025 Earnings Guidance: The company updated its earnings guidance for the fourth quarter of 2025, providing an expected EPS range of -$0.05 to -$0.03. This forecast was below the analyst consensus estimate of -$0.01, suggesting a weaker financial outlook for the near future.

Stock Movement Drivers

Fundamental Drivers

The -20.8% change in RXT stock from 9/3/2025 to 12/3/2025 was primarily driven by a -20.8% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	1.30	1.03	-20.77%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2693.10	2693.10	0.00%
P/S Multiple	0.11	0.09	-20.77%
Shares Outstanding (Mil)	238.00	238.00	0.00%
Cumulative Contribution			-20.77%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
RXT	-20.8%
Market (SPY)	6.2%	27.3%
Sector (XLK)	11.0%	23.0%

Fundamental Drivers

The -12.7% change in RXT stock from 6/4/2025 to 12/3/2025 was primarily driven by a -9.8% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	1.18	1.03	-12.71%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2711.70	2693.10	-0.69%
P/S Multiple	0.10	0.09	-9.80%
Shares Outstanding (Mil)	231.90	238.00	-2.63%
Cumulative Contribution			-12.77%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
RXT	-12.7%
Market (SPY)	15.1%	26.6%
Sector (XLK)	22.7%	19.0%

Fundamental Drivers

The -58.5% change in RXT stock from 12/3/2024 to 12/3/2025 was primarily driven by a -55.1% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	2.48	1.03	-58.47%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2771.20	2693.10	-2.82%
P/S Multiple	0.20	0.09	-55.07%
Shares Outstanding (Mil)	226.40	238.00	-5.12%
Cumulative Contribution			-58.58%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
RXT	-58.5%
Market (SPY)	14.3%	36.8%
Sector (XLK)	23.1%	35.5%

Fundamental Drivers

The -78.8% change in RXT stock from 12/4/2022 to 12/3/2025 was primarily driven by a -72.3% change in the company's P/S Multiple.

	12042022	12032025	Change
Stock Price ($)	4.85	1.03	-78.76%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3112.60	2693.10	-13.48%
P/S Multiple	0.33	0.09	-72.29%
Shares Outstanding (Mil)	210.80	238.00	-12.90%
Cumulative Contribution			-79.12%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
RXT	-30.9%
Market (SPY)	53.2%	38.9%
Sector (XLK)	60.2%	36.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
RXT Return	-	-29%	-78%	-32%	10%	-55%	-95%
Peers Return	9%	6%	-31%	39%	-9%	-3%	-4%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
RXT Win Rate	50%	42%	17%	50%	50%	50%
Peers Win Rate	12%	27%	20%	38%	33%	72%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
RXT Max Drawdown	-	-33%	-81%	-63%	-26%	-54%
Peers Max Drawdown	0%	-1%	-34%	-10%	-22%	-13%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, CHOW, NTSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	RXT	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-95.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	2313.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-27.0%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	37.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	71 days	148 days

Compare to GEN, PATH, S, CHOW, NTSK

In The Past

Rackspace Technology's stock fell -95.9% during the 2022 Inflation Shock from a high on 4/9/2021. A -95.9% loss requires a 2313.9% gain to breakeven.

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About Rackspace Technology (RXT)

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The company's Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

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Accenture for multi-cloud management.
IBM Global Services for outsourced cloud environments.

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Rackspace Technology (RXT) Major Products and Services

Managed Public Cloud Services: Provides operational support, optimization, and expertise for customers utilizing major public cloud platforms like AWS, Microsoft Azure, and Google Cloud.
Private Cloud Services: Offers managed solutions for dedicated, single-tenant cloud environments, often deployed on-premises or in Rackspace data centers.
Managed Security Services: Delivers comprehensive cybersecurity solutions, including threat detection, compliance management, and incident response across cloud environments.
Professional & Advisory Services: Offers consulting, migration, and modernization services to help businesses design, implement, and optimize their cloud strategies.
Data & AI/ML Services: Provides expertise in managing databases, implementing data analytics, and developing AI/machine learning solutions within cloud infrastructures.

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Rackspace Technology (RXT) primarily sells its services to other companies (Business-to-Business or B2B), providing managed cloud computing and IT solutions.

Rackspace does not publicly disclose specific "major customers" by name, as its business model focuses on serving a broad and diverse client base across various industries and company sizes. The company explicitly states in its financial filings that it is not dependent on any single customer or a small group of customers, meaning no individual customer accounts for a material portion of its revenue. Therefore, it does not name specific customer companies.

Instead of specific company names, Rackspace's customer base can be described by the types of organizations it serves:

Enterprise-level Organizations: Large corporations and multinational entities that require comprehensive, scalable, and secure managed services for complex multi-cloud and hybrid IT environments. These customers often have sophisticated infrastructure needs and may operate globally.
Mid-market Businesses: Substantial companies that benefit significantly from Rackspace's expertise to manage their cloud infrastructure, optimize costs, and accelerate digital transformation. These businesses often lack the extensive in-house IT resources of larger enterprises, making managed services a strategic advantage.
Companies Across Diverse Industries: Rackspace serves a wide array of sectors, including retail, financial services, healthcare, manufacturing, technology, government, and professional services. Customers in these industries leverage Rackspace for everything from application management and data analytics to security and compliance in the cloud.

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Supplier Name: Amazon.com, Inc.
Symbol: AMZN
Supplier Name: Microsoft Corporation
Symbol: MSFT
Supplier Name: Alphabet Inc.
Symbol: GOOGL

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Here is the management team for Rackspace Technology (RXT):

Gajen Kandiah, Chief Executive Officer

Gajen Kandiah was appointed Chief Executive Officer of Rackspace Technology, effective September 3, 2025. He previously served as President and Chief Operating Officer of Hitachi Digital, where he integrated AI across industrial and enterprise portfolios. Kandiah also held the role of CEO at Hitachi Vantara, overseeing digital infrastructure, software, and services operations. Prior to Hitachi, he spent 16 years at Cognizant, contributing to the growth of its industry BPO and digital engineering businesses, helping the company expand from $368 million to over $16 billion during his tenure. His leadership at Rackspace is focused on advancing an AI-first multicloud strategy.

Mark Marino, Chief Financial Officer

Mark Marino was appointed Chief Financial Officer of Rackspace Technology, effective January 12, 2024. He previously served as the company's Chief Accounting Officer, a position he was promoted to in late 2021. Marino joined Rackspace Technology in 2020 as Vice President, Americas CFO. Before joining Rackspace, he was Vice President of Finance for Acelity, a global medical technology company later acquired by 3M, from 2015 to 2020. His prior experience includes roles as Vice President of Finance at iHeartMedia and head of Corporate FP&A at SunEdison, Inc. Marino began his career at General Electric, where he spent nearly a decade in various financial leadership capacities, including Segment CFO for GE Aviation.

Srini Koushik, Chief Technology Officer

Srini Koushik has been the Chief Technology Officer at Rackspace Technology since 2021, where he is responsible for technology strategy, roadmap, thought leadership, information technology, and security. He also leads the company's Foundry for Generative AI by Rackspace (FAIR™) initiative as its Global Head. Before Rackspace, Koushik served as Vice President, General Manager, and Global Leader for Hybrid Cloud Advisory Services at IBM. He was also the Chief Information Officer for Magellan Health, where he played a key role in doubling the company's revenue in four years. Koushik's background also includes serving as President and CEO of NTT Innovation Institute Inc., a Silicon Valley startup. He has held C-Level positions at HP, Nationwide Insurance, and IBM, and was inducted into the CIO Hall of Fame in 2023.

Kellie Teal-Guess, Chief Human Resources Officer

Kellie Teal-Guess serves as the Chief Human Resources Officer at Rackspace Technology. She is responsible for human resources functions within the company. (Background details not extensively available in provided search results).

D K Sinha, President, Public Cloud Business Unit

D K Sinha is the President of the Public Cloud Business Unit at Rackspace Technology. He is also listed as Executive Vice President, President, Public Cloud. (Background details not extensively available in provided search results).

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Emerging Threat: Direct Professional and Managed Services by Hyperscalers

Rackspace Technology's core business revolves around providing multicloud professional and managed services across leading cloud platforms like AWS, Microsoft Azure, and Google Cloud. An emerging threat stems from the continuous and aggressive expansion by these very hyperscalers into direct provision of their own professional services, managed services, and advanced support offerings to enterprise customers. As AWS Professional Services, Azure Enterprise Services, and Google Cloud Professional Services mature and grow in scope and sophistication, they increasingly compete directly with partners like Rackspace for customer engagements involving cloud adoption, migration, optimization, and ongoing operational management. This trend could erode Rackspace's addressable market, diminish its value differentiation for some customers seeking a single vendor relationship, and lead to increased margin pressure.

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Rackspace Technology (symbol: RXT) operates within several significant addressable markets for its main products and services, primarily focused on multi-cloud solutions, managed services, cloud security, and data services.

Multi-Cloud Management Market: The global multi-cloud management market was estimated at USD 8.03 billion in 2022 and is projected to reach USD 56.02 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 28.0% from 2023 to 2030. North America held the largest share of this market, accounting for 30% in 2022. Another estimate for the global market size was USD 12.52 billion in 2024, with a projection to reach USD 147.12 billion by 2034 at a CAGR of 27.94%. The North American region dominated this market with a 36% revenue share in 2024. The U.S. multi-cloud management market size alone was over USD 7.82 billion in 2024 and is projected to reach approximately USD 27.37 billion by 2034.
Cloud Managed Services Market: The global cloud managed services market size was valued at USD 134.44 billion in 2024 and is projected to grow to USD 305.16 billion by 2030, exhibiting a CAGR of 14.7% from 2025 to 2030. North America held the major share of over 44% in 2024. Another report estimates the global market at USD 59.46 billion in 2024, expected to reach USD 171.17 billion by 2033 with a CAGR of 11.15% from 2025-2033, with North America currently dominating.
Cloud Security Market: The global cloud security market size was estimated at USD 35.84 billion in 2024 and is projected to reach USD 75.26 billion by 2030, growing at a CAGR of 13.3% from 2025 to 2030. North America dominated this market, holding over a 33.0% revenue share in 2024. The U.S. cloud security market size surpassed USD 7.82 billion in 2024 and is projected to reach around USD 27.37 billion by 2034.
Cloud-based Data Management Services / Cloud Database and DBaaS Market: The global cloud-based data management services market was estimated at USD 43.83 billion in 2024 and is projected to reach USD 173.63 billion by 2030, with a CAGR of 26.8%. North America held the largest share of nearly 38.0% in this market in 2024. The global Cloud Database and DBaaS Market was valued at USD 17.51 billion in 2023 and is expected to reach USD 77.65 billion by 2032, with a CAGR of 18.07% from 2024-2032. The U.S. Cloud Database and DBaaS Market was valued at USD 4.80 billion in 2023 and is expected to reach USD 21.00 billion by 2032, growing at a CAGR of 17.82% from 2024-2032.

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Rackspace Technology (RXT) is focusing on several key drivers to fuel future revenue growth over the next 2-3 years:

Expansion of AI Offerings and Enterprise Footprint: Rackspace is strategically expanding its AI offerings and enterprise footprint. This includes the launch of new AI-centric services, such as "AI Launchpad," and securing engagements with major enterprise and government clients that are investing in AI, cloud modernization, and data analytics.
Growth in Private Cloud Segment and Large Enterprise Deals: The company is experiencing strong bookings growth in its Private Cloud segment, securing several significant long-term enterprise deals. These wins include agreements with a leading global telecommunications provider and a sovereign government customer, demonstrating a focus on retention and expanding relationships with enterprise and sovereign customers to drive future scale.
Focus on Higher-Value Public Cloud Engagements and Services Revenue: Rackspace is emphasizing a disciplined approach to higher-value engagements within its Public Cloud segment. This strategy has resulted in a rise in services revenue, contributing to growth in this area despite some overall revenue challenges.
Strategic Expansion into Mid-Market and Enterprise Segments: Rackspace is making concerted efforts to expand its presence in both the mid-market and broader enterprise segments. This expansion aims to capture new opportunities and achieve future scale by broadening its customer base.
Product Innovations and Modernization of Mission-Critical Workloads: Continued investment in product innovations, particularly for regulated and mission-critical workloads, is a key driver. Recent examples include the launch of "Rackspace OpenStack Business" and the "Rackspace Electronic Health Record Cloud Enterprise," which aim to help customers modernize their critical applications with enhanced trust and speed.

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Share Repurchases

Rackspace Technology authorized a share repurchase program of up to $75 million in March 2022, which expired in September 2023.
Under this program, the company repurchased $31 million worth of shares in 2022.

Share Issuance

Rackspace Technology completed its Initial Public Offering (IPO) in August 2020, issuing 33,500,000 shares of common stock at an initial price of $21.00 per share.
The company received approximately $703.5 million in gross proceeds from the IPO.

Outbound Investments

In April 2021, Rackspace Technology made a strategic investment in Platform9, which included plans for collaboration on products, technologies, and go-to-market strategies.

Capital Expenditures

Capital expenditures totaled $136 million in 2024.
Capital expenditures were $181 million in 2023.
The 25% reduction in capital expenditures from 2023 to 2024 was attributed to improved capital efficiency.

Better Bets than Rackspace Technology (RXT)

	RXT	Better Performance than RXT
Metric	Value	INDUSTRY: Systems Software
Rev Chg LTM	-4.8%	NET (28.1%), CRWD (23.5%), NOW (21.1%), MSFT (15.6%), PANW (14.9%)
Rev Chg 3Y Avg	-4.4%	CRWD (33.5%), NET (31.1%), NOW (22.3%), PANW (18.9%), MSFT (13.2%)
Op Mgn LTM	-4.6%	MSFT (46.3%), FTNT (31.0%), NOW (13.9%), PANW (13.5%), CRWV (6.3%)
CFO/Rev LTM	4.7%	MSFT (50.0%), PANW (40.3%), NOW (38.2%), CRWD (32.0%), NET (26.8%)
FCF/Rev LTM	2.0%	PANW (37.6%), NOW (30.8%), MSFT (26.6%), CRWD (23.9%), NET (10.4%)
Total Yield	-121.0%	MSFT (3.4%), NOW (0.9%), PANW (0.8%), NET (-0.1%), CRWD (-0.2%)
P/S	0.1	BKKT (0.0), CETX (0.0)
P/Op Inc	-2.5

	RXT	Better Performance than RXT
Metric	Value	SECTOR: Information Technology
Rev Chg LTM	-4.8%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), ORCL (9.7%), AAPL (6.0%)
Rev Chg 3Y Avg	-4.4%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), ORCL (10.2%), AAPL (1.8%)
Op Mgn LTM	-4.6%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	4.7%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	2.0%	PLTR (46.0%), NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%)
Total Yield	-121.0%	MSFT (3.4%), AAPL (3.0%), ORCL (2.8%), NVDA (2.3%), AVGO (1.5%)
P/S	0.1	BKKT (0.0), TTEC (0.1), INGM (0.1), MAXN (0.1), XRX (0.1)
P/Op Inc	-2.5

	RXT	Better Performance than RXT
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-4.8%	LLY (36.8%), META (21.3%), GOOGL (13.4%), AMZN (10.9%), TSLA (-1.6%)
Rev Chg 3Y Avg	-4.4%	BRK-B (19.8%), META (17.3%), AMZN (11.3%), GOOGL (11.0%), TSLA (9.3%)
Op Mgn LTM	-4.6%	META (43.2%), LLY (43.0%), GOOGL (32.2%), AMZN (11.4%), TSLA (5.1%)
CFO/Rev LTM	4.7%	META (56.8%), GOOGL (39.3%), AMZN (18.1%), TSLA (16.5%), BRK-B (9.8%)
FCF/Rev LTM	2.0%	META (23.7%), GOOGL (19.1%), TSLA (7.1%), BRK-B (4.8%), AMZN (2.0%)
Total Yield	-121.0%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), TSLA (0.4%)
P/S	0.1	SNEX (0.0), KSS (0.1), UNFI (0.1), PAGP (0.1), CNC (0.1)
P/Op Inc	-2.5

		Best Bets In Information Technology Sector
	RXT
What You Pay
P/E	-0.8
P/EBIT	-1.1
What You Get
Rev Chg Q	-2.7%
Rev Chg LTM	-4.8%
Rev Chg 3Y Avg	-4.4%
FCF/Rev 3Y Avg	3.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
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1	Is Rackspace Technology Stock Built to Withstand More Downside?	Return

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Trade Ideas

Select past ideas related to RXT. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Rackspace Technology

Peers to compare with:

Financials

	RXT	GEN	PATH	S	CHOW	NTSK	Median
Name	Rackspac.	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Mkt Price	1.03	27.19	14.86	16.96	9.80	18.33	15.91
Mkt Cap	0.2	16.7	8.0	5.6	-	-	6.8
Rev LTM	2,693	4,473	1,497	907	-	-	2,095
Op Inc LTM	-124	1,697	-46	-328	-	-	-85
FCF LTM	54	1,300	310	17	-	-	182
FCF 3Y Avg	88	1,463	268	-44	-	-	178
CFO LTM	127	1,324	335	41	-	-	231
CFO 3Y Avg	178	1,480	282	-22	-	-	230

Growth & Margins

	RXT	GEN	PATH	S	CHOW	NTSK	Median
Name	Rackspac.	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Rev Chg LTM	-4.8%	16.2%	8.3%	25.4%	-	-	12.2%
Rev Chg 3Y Avg	-4.4%	16.5%	14.6%	45.6%	-	-	15.5%
Rev Chg Q	-2.7%	25.3%	14.4%	21.7%	-	-	18.1%
QoQ Delta Rev Chg LTM	-0.7%	5.8%	3.1%	5.0%	-	-	4.1%
Op Mgn LTM	-4.6%	37.9%	-3.1%	-36.2%	-	-	-3.9%
Op Mgn 3Y Avg	-4.7%	36.7%	-12.6%	-53.2%	-	-	-8.6%
QoQ Delta Op Mgn LTM	1.0%	-1.3%	5.8%	2.1%	-	-	1.6%
CFO/Rev LTM	4.7%	29.6%	22.4%	4.5%	-	-	13.5%
CFO/Rev 3Y Avg	6.2%	37.1%	20.7%	-5.5%	-	-	13.5%
FCF/Rev LTM	2.0%	29.1%	20.7%	1.8%	-	-	11.3%
FCF/Rev 3Y Avg	3.1%	36.7%	19.6%	-8.7%	-	-	11.4%

Valuation

	RXT	GEN	PATH	S	CHOW	NTSK	Median
Name	Rackspac.	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
Mkt Cap	0.2	16.7	8.0	5.6	-	-	6.8
P/S	0.1	3.9	4.6	6.7	-	-	4.2
P/EBIT	-1.1	10.9	-148.1	-19.8	-	-	-10.5
P/E	-0.8	30.7	340.3	-14.1	-	-	14.9
P/CFO	2.4	13.2	20.5	148.8	-	-	16.9
Total Yield	-121.0%	5.0%	0.3%	-7.1%	-	-	-3.4%
Dividend Yield	0.0%	1.8%	0.0%	0.0%	-	-	0.0%
FCF Yield 3Y Avg	16.8%	9.5%	3.6%	-1.0%	-	-	6.6%
D/E	10.8	0.5	0.0	0.0	-	-	0.3
Net D/E	10.5	0.5	-0.2	-0.1	-	-	0.2

Returns

	RXT	GEN	PATH	S	CHOW	NTSK	Median
Name	Rackspac.	Gen Digi.	UiPath	Sentinel.	ChowChow.	Netskope
1M Rtn	-34.4%	3.9%	-6.4%	-4.1%	11.4%	-24.4%	-5.2%
3M Rtn	-20.8%	-7.9%	36.6%	-5.9%	-	-	-6.9%
6M Rtn	-12.7%	-5.7%	13.9%	-5.6%	-	-	-5.7%
12M Rtn	-58.5%	-10.3%	3.3%	-38.4%	-	-	-24.4%
3Y Rtn	-78.8%	21.7%	2.3%	14.7%	-	-	8.5%
1M Excs Rtn	-34.4%	4.0%	-6.3%	-4.0%	11.4%	-24.4%	-5.2%
3M Excs Rtn	-26.1%	-12.8%	31.6%	-11.9%	-	-	-12.4%
6M Excs Rtn	-27.4%	-20.4%	-0.9%	-20.3%	-	-	-20.4%
12M Excs Rtn	-75.1%	-23.9%	-9.0%	-52.9%	-	-	-38.4%
3Y Excs Rtn	-150.1%	-47.0%	-49.8%	-67.2%	-	-	-58.5%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/11/2025	3/21/2025	3/15/2024	3/16/2023	3/1/2022	2/26/2021	8/5/2020
Key Financials
Total Revenue	2,693	2,737	2,957	3,122	3,010	2,707	2,438
EBITDA	95	-420	-190	-242	447	493	774
Operating Income	-124	-174	-138	2	30	25	100
Net Income	-369	-858	-838	-805	-218	-246	-102
EPS	-1.62	-3.82	-3.89	-3.81	-1.05	-1.37	-6.24
Growth Rates
Total Revenue Growth	-4.8%	-7.4%	-5.3%	3.7%	11.2%	11.0%	-0.6%
EBITDA Growth	128.8%	-121.4%	21.4%	-154.1%	-9.4%	-36.3%	97.7%
Operating Income Growth	17.2%	-25.9%	-8750.0%	-94.7%	21.5%	-75.2%	72.1%
Net Income Growth	54.7%	-2.4%	-4.1%	-268.7%	11.2%	-140.3%	78.3%
Margins
EBITDA Margin	3.5%	-15.4%	-6.4%	-7.7%	14.8%	18.2%	31.8%
Operating Income Margin	-4.6%	-6.4%	-4.7%	0.1%	1.0%	0.9%	4.1%
Net Income Margin	-13.7%	-31.4%	-28.3%	-25.8%	-7.3%	-9.1%	-4.2%
Cash & Debt
Total Cash	104	144	197	228	273	105	84
Total Debt	3,291	3,282	3,381	3,852	3,967	3,991	4,319
Net Debt / (Cash)	3,187	3,138	3,184	3,624	3,694	3,886	4,236
Cash Flows
Net Cash from Operations	127	40	375	247	371	117	293
Free Cash from Operations	54	-71	278	166	262	0	95
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	2	4	1	31	-0	2	3

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/11/2025	5/12/2025	3/21/2025	11/12/2024	8/9/2024	5/15/2024	3/15/2024	11/9/2023	8/9/2023	5/10/2023	3/16/2023	11/9/2022
Key Financials Quarterly
Total Revenue	666	665	686	676	685	691	720	732	746	759	787	788
Ebitda	46	30	51	-32	88	-527	191	-81	156	-456	-114	-371
Operating Income	-25	-38	-29	-32	-54	-60	-11	-25	-64	-38	-10	-13
Net Income	-54	-72	-56	-187	25	-641	28	-227	-27	-612	-214	-512
EPS	-0.23	-0.31	-0.26	-0.82	0.11	-2.91	0.13	-1.05	-0.13	-2.87	-1.01	-2.43
Key Financials TTM
Total Revenue TTM	2,693	2,712	2,737	2,771	2,828	2,889	2,957	3,024	3,080	3,106	3,122	3,113
Ebitda TTM	95	136	-420	-280	-329	-260	-190	-495	-785	-831	-242	-35
Operating Income TTM	-124	-153	-174	-157	-150	-160	-138	-138	-125	-57	2	38
Net Income TTM	-369	-289	-858	-774	-814	-866	-838	-1,080	-1,365	-1,378	-805	-674
Growth Rates Quarterly
Total Revenue Growth	-2.7%	-3.7%	-4.7%	-7.7%	-8.2%	-8.9%	-8.6%	-7.0%	-3.4%	-2.2%	1.2%	3.3%
EBITDA Growth	-47.1%	105.7%	-73.4%	60.3%	-44.0%	-15.5%	266.9%	78.1%	41.8%	-442.7%	-224.2%	-415.6%
Operating Income Growth	53.3%	35.6%	-152.6%	-26.5%	15.7%	-57.3%	-8.6%	-97.7%	-1695.0%	-281.3%	-140.9%	-341.4%
Net Income Growth	-318.0%	88.8%	-300.0%	17.7%	191.9%	-4.7%	113.1%	55.7%	33.0%	-1489.6%	-158.1%	-1370.4%
Margins Quarterly
EBITDA Margin	7.0%	4.5%	7.4%	-4.8%	12.8%	-76.3%	26.5%	-11.1%	21.0%	-60.1%	-14.5%	-47.1%
Operating Income Margin	-3.8%	-5.8%	-4.2%	-4.7%	-7.9%	-8.6%	-1.6%	-3.5%	-8.5%	-5.0%	-1.3%	-1.6%
Net Income Margin	-8.2%	-10.7%	-8.2%	-27.6%	3.7%	-92.7%	3.9%	-30.9%	-3.6%	-80.7%	-27.2%	-65.0%
Cash & Debt
Total Cash	104	128	144	157	190	283	197	278	160	174	228	249
Total Debt	3,291	3,296	3,282	3,313	3,382	3,486	3,381	3,595	3,771	3,842	3,852	3,857
Net Debt / (Cash)	3,187	3,168	3,138	3,156	3,192	3,204	3,184	3,317	3,611	3,668	3,624	3,608
Cash Flows Quarterly
FCF from Operations	8	13	54	52	24	-90	72	267	38	-2	28	71
Cash Flows TTM
FCF from Operations TTM	127	143	40	58	273	286	375	330	134	180	247	279
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	1	-0	-0	1	-0	3	-0	1	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-1.7%	-2.6%	-2.0%	-2.2%	-3.7%	-4.0%	-0.6%	-1.6%	-4.1%	-2.4%	-0.5%	-0.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-2.1%	-2.5%	-2.9%	-2.7%	-2.4%	-2.7%	-2.3%	-2.1%	-1.9%	-0.8%	0.0%	0.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Public Cloud	1,743	1,738	1,471
Private Cloud	1,214	1,384	1,538
Apps & Cross Platform				337	319
Multicloud Services				2,142	1,833
OpenStack Public Cloud				229	286
Total	2,957	3,122	3,010	2,707	2,438

Operating Income by Segment

$ Mil	2024	2023	2022
Private Cloud	343	496	604
Public Cloud	82	121	120
Hosted Exchange incident expenses, net of proceeds received or expected to be received under our	5	-6	0
Transaction-related adjustments, net	-5	-11	-26
United Kingdom office closure	-12	0	0
Impairment of assets, net	-52	-146	0
Restructuring and transformation expenses	-57	-65	-162
Share-based compensation expense	-65	-70	-75
Amortization of intangible assets	-161	-167	-180
Corporate functions	-268	-298	-240
Impairment of goodwill	-709	-534	-52
Gain on sale of land			20
Special bonuses and other compensation expense			-12
Total	-899	-679	-3

Price Behavior

Price Behavior

Market Price	$1.03
Market Cap ($ Bil)	0.2
First Trading Date	08/05/2020
Distance from 52W High	-65.2%
	50 Days	200 Days
DMA Price	$1.36	$1.46
DMA Trend	down	down
Distance from DMA	-24.0%	-29.4%
	3M	1YR
Volatility	82.0%	75.6%
Downside Capture	144.14	196.32
Upside Capture	-4.31	84.01
Correlation (SPY)	24.6%	36.5%

RXT Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.21	1.95	1.36	1.81	1.40	2.07
Up Beta	1.81	1.43	1.62	2.03	1.02	1.41
Down Beta	2.10	4.19	4.21	3.84	1.98	2.12
Up Capture	-234%	-10%	-42%	54%	64%	1277%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	5	13	22	50	102	337
Down Capture	274%	191%	43%	118%	139%	112%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	15	27	36	66	130	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of RXT With Other Asset Classes (Last 1Y)
	RXT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-61.0%	25.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	75.4%	27.6%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.93	0.81	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		35.3%	36.7%	6.8%	15.2%	25.6%	28.6%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of RXT With Other Asset Classes (Last 5Y)
	RXT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-42.7%	19.9%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	82.6%	24.6%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.31	0.73	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		37.4%	39.9%	7.4%	10.7%	38.0%	17.7%

Based On 10-Year Data

		Comparison of RXT With Other Asset Classes (Last 10Y)
	RXT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-40.6%	22.2%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	81.1%	24.2%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.29	0.84	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		37.1%	39.2%	7.8%	11.1%	36.8%	17.9%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	5,418,209
Short Interest: % Change Since 10312025	-0.2%
Average Daily Volume	1,070,526
Days-to-Cover Short Interest	5.06
Basic Shares Quantity	238,000,000
Short % of Basic Shares	2.3%

Returns Analyses

	Title
0	Is Rackspace Technology Stock Built to Withstand More Downside?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8112025	10-Q 6/30/2025
3312025	5122025	10-Q 3/31/2025
12312024	3212025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8092024	10-Q 6/30/2024
3312024	5152024	10-Q 3/31/2024
12312023	3152024	10-K 12/31/2023
9302023	11092023	10-Q 9/30/2023
6302023	8092023	10-Q 6/30/2023
3312023	5102023	10-Q 3/31/2023
12312022	3162023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8092022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	3012022	10-K 12/31/2021
9302021	11152021	10-Q 9/30/2021

Industry Resources

Systems Software Resources

Software Development Times

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Rackspace Technology (RXT)

Market Price (12/4/2025): $1.035 | Market Cap: $246.3 MilSector: Information Technology | Industry: Systems Software

Rackspace Technology (RXT)

Market Price (12/4/2025): $1.035Market Cap: $246.3 MilSector: Information TechnologyIndustry: Systems Software

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Market Price (12/4/2025): $1.035 | Market Cap: $246.3 Mil
Sector: Information Technology | Industry: Systems Software

Market Price (12/4/2025): $1.035
Market Cap: $246.3 Mil
Sector: Information Technology
Industry: Systems Software