Rackspace Technology (RXT)
Market Price (6/7/2026): $4.7 | Market Cap: $1.1 BilSector: Information Technology | Industry: Systems Software
Rackspace Technology (RXT)
Market Price (6/7/2026): $4.7Market Cap: $1.1 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 7.9% Megatrend and thematic driversMegatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -101 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 273% Stock price has recently run up significantly6M Rtn6 month market price return is 361%, 12M Rtn12 month market price return is 299% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.9%, Rev Chg QQuarterly Revenue Change % is -0.4% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 394% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24% High stock price volatilityVol 12M is 280% Key risksRXT key risks include [1] a substantial debt burden creating a high probability of financial distress and negative stockholders' equity, Show more. |
| Attractive yieldFCF Yield is 7.9% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Cybersecurity. Themes include Hybrid Cloud Solutions, Infrastructure as a Service (IaaS), Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -101 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.7% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 273% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 361%, 12M Rtn12 month market price return is 299% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.9%, Rev Chg QQuarterly Revenue Change % is -0.4% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 394% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -24% |
| High stock price volatilityVol 12M is 280% |
| Key risksRXT key risks include [1] a substantial debt burden creating a high probability of financial distress and negative stockholders' equity, Show more. |
Qualitative Assessment
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Updated on 6/5/2026
Rackspace Technology (RXT) stock has gained about 140% since 2/28/2026 because of the following key factors:
1. Strategic Partnership with Palantir to Accelerate AI Adoption.
In early fiscal Q1 2026, specifically on March 3, 2026, Rackspace Technology announced a significant strategic partnership with Palantir. This collaboration involves deploying Palantir's Foundry and Artificial Intelligence Platform (AIP) within Rackspace's private and UK data centers, primarily targeting regulated industries. The news was a major catalyst for investor enthusiasm, leading to a stock surge of over 200% on the day of the announcement.
2. Return to Profitability and Improved Financial Performance in Fiscal Q1 2026.
Rackspace Technology reported a strong financial turnaround for its fiscal Q1 2026, which ended on March 31, 2026. The company returned to profitability with a net income of $8.3 million, a substantial improvement compared to a net loss of $71.5 million in the prior year's comparable quarter. This positive shift was partly attributed to a $55.8 million gain on debt extinguishment. Additionally, Non-GAAP Operating Profit increased by 19.9% year-over-year to $30.7 million, and Adjusted EBITDA rose to $71.2 million from $61.3 million.
Show more
Rackspace Technology (RXT) stock has gained about 140% since 2/28/2026 because of the following key factors:
1. Strategic Partnership with Palantir to Accelerate AI Adoption.
In early fiscal Q1 2026, specifically on March 3, 2026, Rackspace Technology announced a significant strategic partnership with Palantir. This collaboration involves deploying Palantir's Foundry and Artificial Intelligence Platform (AIP) within Rackspace's private and UK data centers, primarily targeting regulated industries. The news was a major catalyst for investor enthusiasm, leading to a stock surge of over 200% on the day of the announcement.
2. Return to Profitability and Improved Financial Performance in Fiscal Q1 2026.
Rackspace Technology reported a strong financial turnaround for its fiscal Q1 2026, which ended on March 31, 2026. The company returned to profitability with a net income of $8.3 million, a substantial improvement compared to a net loss of $71.5 million in the prior year's comparable quarter. This positive shift was partly attributed to a $55.8 million gain on debt extinguishment. Additionally, Non-GAAP Operating Profit increased by 19.9% year-over-year to $30.7 million, and Adjusted EBITDA rose to $71.2 million from $61.3 million.
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Stock Movement Drivers
Fundamental Drivers
The 141.3% change in RXT stock from 2/28/2026 to 6/6/2026 was primarily driven by a 145.6% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.95 | 4.71 | 141.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,688 | 2,686 | -0.1% |
| P/S Multiple | 0.2 | 0.4 | 145.6% |
| Shares Outstanding (Mil) | 240 | 244 | -1.6% |
| Cumulative Contribution | 141.3% |
Market Drivers
2/28/2026 to 6/6/2026| Return | Correlation | |
|---|---|---|
| RXT | 141.3% | |
| Market (SPY) | 7.8% | 17.1% |
| Sector (XLK) | 30.1% | 25.2% |
Fundamental Drivers
The 343.9% change in RXT stock from 11/30/2025 to 6/6/2026 was primarily driven by a 351.7% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.06 | 4.71 | 343.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,688 | 2,686 | -0.1% |
| P/S Multiple | 0.1 | 0.4 | 351.7% |
| Shares Outstanding (Mil) | 240 | 244 | -1.6% |
| Cumulative Contribution | 343.9% |
Market Drivers
11/30/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| RXT | 343.9% | |
| Market (SPY) | 8.5% | 11.9% |
| Sector (XLK) | 26.3% | 14.2% |
Fundamental Drivers
The 312.7% change in RXT stock from 5/31/2025 to 6/6/2026 was primarily driven by a 339.2% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.14 | 4.71 | 312.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,712 | 2,686 | -1.0% |
| P/S Multiple | 0.1 | 0.4 | 339.2% |
| Shares Outstanding (Mil) | 232 | 244 | -5.1% |
| Cumulative Contribution | 312.7% |
Market Drivers
5/31/2025 to 6/6/2026| Return | Correlation | |
|---|---|---|
| RXT | 312.7% | |
| Market (SPY) | 26.6% | 12.1% |
| Sector (XLK) | 57.1% | 13.7% |
Fundamental Drivers
The 201.6% change in RXT stock from 5/31/2023 to 6/6/2026 was primarily driven by a 299.8% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.56 | 4.71 | 201.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,106 | 2,686 | -13.5% |
| P/S Multiple | 0.1 | 0.4 | 299.8% |
| Shares Outstanding (Mil) | 213 | 244 | -12.8% |
| Cumulative Contribution | 201.6% |
Market Drivers
5/31/2023 to 6/6/2026| Return | Correlation | |
|---|---|---|
| RXT | 201.6% | |
| Market (SPY) | 83.4% | 18.5% |
| Sector (XLK) | 124.1% | 18.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RXT Return | -29% | -78% | -32% | 10% | -56% | 476% | -71% |
| Peers Return | 30% | -16% | 31% | 4% | -9% | -11% | 19% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| RXT Win Rate | 42% | 17% | 50% | 50% | 42% | 67% | |
| Peers Win Rate | 65% | 42% | 63% | 57% | 42% | 33% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| RXT Max Drawdown | -51% | -81% | -69% | -37% | -67% | -64% | |
| Peers Max Drawdown | -19% | -33% | -21% | -27% | -38% | -40% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DXC, CTSH, ACN, IBM, NSIT.
[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] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | RXT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -64.5% | -18.8% |
| % Gain to Breakeven | 181.6% | 23.1% |
| Time to Breakeven | 339 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.2% | -7.8% |
| % Gain to Breakeven | 45.4% | 8.5% |
| Time to Breakeven | 65 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -52.7% | -9.5% |
| % Gain to Breakeven | 111.2% | 10.5% |
| Time to Breakeven | 230 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -64.9% | -6.7% |
| % Gain to Breakeven | 185.2% | 7.1% |
| Time to Breakeven | 1088 days | 31 days |
In The Past
Rackspace Technology's stock fell -64.5% during the 2025 US Tariff Shock. Such a loss loss requires a 181.6% gain to breakeven.
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| Event | RXT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -64.5% | -18.8% |
| % Gain to Breakeven | 181.6% | 23.1% |
| Time to Breakeven | 339 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -31.2% | -7.8% |
| % Gain to Breakeven | 45.4% | 8.5% |
| Time to Breakeven | 65 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -52.7% | -9.5% |
| % Gain to Breakeven | 111.2% | 10.5% |
| Time to Breakeven | 230 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -64.9% | -6.7% |
| % Gain to Breakeven | 185.2% | 7.1% |
| Time to Breakeven | 1088 days | 31 days |
In The Past
Rackspace Technology's stock fell -64.5% during the 2025 US Tariff Shock. Such a loss loss requires a 181.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
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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Think of Rackspace Technology as a specialized Accenture or IBM Global Services for companies that need help managing, optimizing, and securing their complex infrastructure and applications across multiple cloud providers (like AWS, Azure, and Google Cloud).
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- Multicloud Managed Services: Provides management and optimization for customers' public and private cloud infrastructure, platforms, and services.
- Cloud Professional Services: Offers design and build services for multi-cloud solutions and cloud-native applications.
- Managed Application Services: Manages various applications for clients.
- Managed Security Services: Delivers services for security threat assessment, prevention, detection, response, governance, risk, compliance, and data protection across multiple cloud platforms.
- Data Services: Provides solutions for managing and leveraging client data.
- Application, Security, and Data Professional Services: Focuses on designing and implementing application, security, and data solutions for clients.
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Gajen Kandiah, Chief Executive Officer
Gajen Kandiah was appointed Chief Executive Officer of Rackspace Technology on September 3, 2025. Prior to joining Rackspace Technology, he served as President and Chief Operating Officer of Hitachi Digital, where he focused on integrating AI across industrial and enterprise portfolios. His extensive background encompasses services, infrastructure, software, and artificial intelligence.
Mark Marino, Chief Financial Officer
Mark Marino was appointed Chief Financial Officer of Rackspace Technology on January 12, 2024. He previously held the positions of Chief Accounting Officer and Vice President, Americas CFO at the company. Before his tenure at Rackspace Technology, which began in 2020, Marino served as Vice President of Finance at Acelity from 2015 to 2020. His earlier career included leadership roles in finance at iHeartMedia and head of Corporate FP&A at SunEdison Inc.
Casey Shilling, Chief Marketing Officer
Casey Shilling possesses a strong history of cultivating brands and fostering robust workplace cultures. Before joining Rackspace Technology, she served as Chief Marketing Officer at J. Hilburn and Zoës Kitchen, and as VP of Marketing at The Container Store. She is also a co-author of "Uncontainable: How Passion, Commitment, and Conscious Capitalism Built a Business Where Everyone Thrives."
D.K. Sinha, President, Public Cloud Business Unit
D.K. Sinha serves as the President of the Public Cloud Business Unit at Rackspace Technology.
Kellie Teal-Guess, Chief Human Resources Officer
Kellie Teal-Guess holds the position of Chief Human Resources Officer at Rackspace Technology.
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The key risks to Rackspace Technology (RXT) include:
- High Debt Load and Liquidity Challenges: Rackspace Technology faces significant financial risk due to its substantial debt burden, which was approximately $3.34 billion as of June 2025 and $4.0 billion in total liabilities as of mid-2025. This high leverage restricts the company's ability to invest in growth and creates potential liquidity challenges, with short-term obligations sometimes exceeding liquid assets. The company has also reported negative shareholder equity and current ratios below 1.
- Declining Revenue and Lack of Profitability: The company has experienced persistent revenue decline, particularly in its legacy Private Cloud segment, which serves as a drag on overall performance. Rackspace Technology has consistently reported net losses since at least 2020, with a reported net loss of $67 million in Q3 2025 and a TTM net loss of $774 million as of January 2025. The company faces ongoing challenges in achieving consistent profitability, with thin margins in its key growth segments.
- Intense Competition in the Cloud Services Market: Rackspace Technology operates in a hyper-competitive cloud market dominated by major hyperscalers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. This competitive pressure makes it challenging for Rackspace to gain market share, particularly in the Public Cloud segment, and contributes to thin gross margins for these services.
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The increasing depth and breadth of professional and managed services offered directly by hyperscale cloud providers (Amazon Web Services, Microsoft Azure, Google Cloud Platform) to their end customers. These providers are progressively expanding their capabilities beyond core infrastructure to encompass sophisticated managed services, cloud migration and optimization, security, and data services. This trend allows customers to potentially fulfill a growing portion of their multi-cloud management and support needs directly through the hyperscalers, diminishing the necessity for an intermediary multi-cloud technology services company like Rackspace Technology and thereby challenging its traditional value proposition and market share.
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Rackspace Technology, Inc. (symbol: RXT) operates in several addressable markets related to multi-cloud technology services, applications, security, and data. The estimated market sizes for their main products and services are as follows:
- Cloud Managed Services (including Public and Private Cloud Managed Services): The global cloud managed services market was valued at approximately USD 134.44 billion in 2024 and is projected to reach USD 305.16 billion by 2030, growing at a CAGR of 14.7% from 2025 to 2030. North America held over 44% of this market in 2024. Another report indicates a market size of USD 153.78 billion in 2025, projected to grow at a CAGR of 14.6% from 2026 to 2034.
- Private Cloud Market: The global private cloud market was valued at USD 114.4 billion in 2024 and is projected to reach USD 195 billion by 2030, growing at a CAGR of 9.3% during the forecast period. North America dominates this market, accounting for approximately 45% of the global share. Another estimate places the global private cloud market at USD 137.78 billion in 2025, expected to reach USD 300.64 billion by 2034.
- Multi-cloud Management Market: The global multi-cloud management market was estimated at USD 10.58 billion in 2024 and is projected to reach USD 86.21 billion by 2033, growing at a CAGR of 26.25% from 2025 to 2033. North America dominated this market with a 36% revenue share in 2024.
- Cloud Professional Services Market: The global cloud professional services market size was estimated at USD 26.3 billion in 2024 and is expected to grow to USD 130.4 billion by 2034, at a CAGR of 17.5% from 2025 to 2034. North America held the largest revenue share of 41.7% in 2024.
- Managed Application Services Market: The global managed application services market was valued at USD 23.14 billion in 2025 and is expected to reach USD 72.01 billion by 2033, growing at a CAGR of 15.27% over the forecast period 2026-2033. The U.S. managed application services market size was USD 5.78 billion in 2025 and is expected to reach USD 17.60 billion by 2033. Another report indicates the global market size at USD 50.47 billion in 2025, projected to increase to USD 309.27 billion by 2035. North America dominated the application management services market with a 38% market share in 2025.
- Managed Security Services Market: The global managed security services market size was valued at USD 39.87 billion in 2025 and is projected to grow to USD 104.66 billion by 2034, exhibiting a CAGR of 11.32% during the forecast period. Another source states the global market size was US$ 31.4 billion in 2024 and is estimated to reach US$ 121.8 billion by the end of 2035. North America leads this market, holding a 39% market share.
- Data Services (including Data as a Service and Data Engineering Services): The global Data as a Service (DaaS) market was estimated at USD 21 billion in 2024 and is anticipated to expand to USD 121.2 billion by 2035, at a CAGR of 17.27% from 2025 to 2035. The global big data and data engineering services market was worth USD 75.55 billion in 2024 and is anticipated to be worth USD 325.01 billion by 2033, growing at a CAGR of 17.6% during the forecast period. The global data processing and hosting services market size was estimated at USD 110.0 billion in 2023 and is projected to reach USD 223.93 billion by 2030.
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Here are the expected drivers of future revenue growth for Rackspace Technology (RXT) over the next 2-3 years:
- Growth in Private Cloud Segment: Rackspace Technology anticipates a 6% year-over-year growth in private cloud revenue for 2026, marking the first sustained growth in this segment in several years. This growth is expected to be fueled by securing large, multi-year enterprise engagements.
- Expansion of AI Offerings and Services: The company is strategically positioning itself as a key infrastructure and operations provider for enterprise AI. This involves expanding its AI offerings and enterprise footprint, focusing on helping organizations move beyond experimental AI projects to operating AI at scale within core enterprise systems. Strategic partnerships, such as with Palantir for deploying Foundry and AI Platform (AIP), VMware, and Rubrik, are central to this initiative. Rackspace plans to significantly increase its Palantir-trained platform engineers.
- Growth in Public Cloud Services Revenue: While overall public cloud revenue is projected to see a decline in 2026 due to the planned transition of a large government contract, the public cloud *services* revenue, excluding this specific contract, is expected to grow in the mid-to-high teens. This indicates a focus on higher-value public cloud engagements and services.
- Strategic Partnerships and Platform Engineering Model: Rackspace Technology is adopting a platform engineering model, which involves embedding forward-deployed engineers within customer environments. Key partnerships with companies like AWS (for end-to-end cloud advisory, migration, modernization, data, machine learning, and generative AI solutions), VMware, Rubrik, and Palantir are intended to deliver high-value, recurring revenue streams.
- Focus on High-Value Enterprise and Regulated Markets: The company is actively pursuing and securing large, long-term deals with enterprise customers, particularly within regulated industries such as healthcare and financial services. These engagements are characterized by longer deployment cycles but offer greater revenue visibility and higher lifetime value.
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Share Repurchases
- Rackspace Technology's board of directors authorized a stock buyback program of up to $75 million in March 2022.
- The buyback was intended to boost share prices and enhance shareholder value by reducing the total number of outstanding shares.
Share Issuance
- Rackspace Technology's shares outstanding increased from 208 million in the fourth quarter of 2021 to 245 million in the fourth quarter of 2025.
- As of January 17, 2026, the company reported 243.59 million shares outstanding.
Capital Expenditures
- Capital expenditures for Rackspace Technology totaled $139 million in 2025 and $136 million in 2024.
- In the fourth quarter of 2025, capital expenditures were $48 million, primarily directed towards funding long-term assets and infrastructure.
- Capital expenditures in the third quarter of 2024 were $31 million, compared to $28 million in the third quarter of 2023.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Rackspace Technology Earnings Notes | 12/16/2025 | |
| With Rackspace Technology Stock Sliding, Have You Assessed The Risk? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 82.14 |
| Mkt Cap | 14.4 |
| Rev LTM | 17,025 |
| Op Inc LTM | 1,883 |
| FCF LTM | 1,644 |
| FCF 3Y Avg | 1,433 |
| CFO LTM | 2,002 |
| CFO 3Y Avg | 1,815 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | -0.5% |
| Rev Chg Q | 3.5% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 9.2% |
| Op Inc Chg 3Y Avg | 5.1% |
| Op Mgn LTM | 10.2% |
| Op Mgn 3Y Avg | 10.1% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 11.4% |
| CFO/Rev 3Y Avg | 10.7% |
| FCF/Rev LTM | 9.0% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.4 |
| P/S | 0.8 |
| P/Op Inc | 8.2 |
| P/EBIT | 8.5 |
| P/E | 16.7 |
| P/CFO | 8.8 |
| Total Yield | 5.8% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 8.2% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.6% |
| 3M Rtn | -2.8% |
| 6M Rtn | -19.2% |
| 12M Rtn | -24.7% |
| 3Y Rtn | -15.8% |
| 1M Excs Rtn | 15.5% |
| 3M Excs Rtn | -12.3% |
| 6M Excs Rtn | -26.1% |
| 12M Excs Rtn | -46.9% |
| 3Y Excs Rtn | -90.7% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Public Cloud | 1,683 | 1,743 | 1,741 | ||
| Private Cloud | 1,054 | 1,214 | 1,382 | ||
| Apps & Cross Platform | 378 | 337 | |||
| Multicloud Services | 2,449 | 2,142 | |||
| OpenStack Public Cloud | 183 | 229 | |||
| Total | 2,737 | 2,957 | 3,122 | 3,010 | 2,707 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Private Cloud | 294 | 343 | 494 | ||
| Public Cloud | 44 | 82 | 125 | ||
| Hosted Exchange incident expenses, net of proceeds received or expected to be received under our | 1 | 5 | -6 | ||
| Transaction-related adjustments, net | -5 | -5 | -11 | ||
| Impairment of assets, net | -20 | -52 | -146 | ||
| Restructuring and transformation expenses | -58 | -57 | -99 | ||
| Share-based compensation expense | -63 | -65 | -70 | ||
| Amortization of intangible assets | -154 | -161 | -167 | ||
| Corporate functions | -233 | -268 | -255 | ||
| Impairment of goodwill | -715 | -709 | -534 | ||
| United Kingdom office closure | -12 | 0 | |||
| Gain on sale of land | 0 | ||||
| Special bonuses and other compensation expense | -10 | ||||
| Total | -909 | -899 | -679 |
Price Behavior
Price Behavior
| Market Price | $4.71 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 08/05/2020 | |
| Distance from 52W High | -35.5% | |
| 50 Days | 200 Days | |
| DMA Price | $2.94 | $1.69 |
| DMA Trend | up | up |
| Distance from DMA | 59.8% | 179.1% |
| 3M | 1YR | |
| Volatility | 250.9% | 281.6% |
| Downside Capture | -60.17 | 147.78 |
| Upside Capture | 265.49 | 277.92 |
| Correlation (SPY) | 14.9% | 11.4% |
RXT Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.13 | 0.58 | 2.07 | 3.14 | 2.51 | 2.11 |
| Up Beta | 2.51 | 2.40 | 0.06 | -0.81 | 0.67 | 1.31 |
| Down Beta | 21.60 | 23.80 | 11.45 | 6.50 | 5.15 | 2.52 |
| Up Capture | 1800% | 661% | 330% | 964% | 517% | 3386% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 11 | 18 | 23 | 41 | 91 | 324 |
| Down Capture | -1547% | -2579% | -197% | 76% | 96% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 9 | 23 | 40 | 79 | 145 | 390 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RXT | |
|---|---|---|---|---|
| RXT | 297.9% | 281.1% | 1.28 | - |
| Sector ETF (XLK) | 53.4% | 22.0% | 1.86 | 13.8% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 12.2% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 8.6% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | 9.4% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | -1.8% |
| Bitcoin (BTCUSD) | -42.0% | 42.5% | -1.16 | 9.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RXT | |
|---|---|---|---|---|
| RXT | -25.4% | 146.8% | 0.27 | - |
| Sector ETF (XLK) | 22.1% | 25.1% | 0.78 | 24.4% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 24.6% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 7.9% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 9.3% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 20.0% |
| Bitcoin (BTCUSD) | 11.3% | 54.6% | 0.40 | 12.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RXT | |
|---|---|---|---|---|
| RXT | -11.8% | 137.8% | 0.29 | - |
| Sector ETF (XLK) | 24.8% | 24.6% | 0.91 | 23.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 23.7% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 7.8% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 9.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 19.0% |
| Bitcoin (BTCUSD) | 63.3% | 66.9% | 1.03 | 10.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/7/2026 | 55.1% | 154.2% | |
| 2/26/2026 | 68.9% | 79.3% | -14.1% |
| 11/6/2025 | -15.1% | -21.2% | -26.7% |
| 8/7/2025 | -4.7% | -4.7% | 14.2% |
| 5/8/2025 | -12.8% | -12.5% | -11.8% |
| 2/20/2025 | 0.7% | -16.3% | -35.1% |
| 11/12/2024 | 5.9% | -17.1% | -12.6% |
| 8/8/2024 | 0.4% | -1.3% | 1.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 7 | 7 |
| # Negative | 14 | 17 | 16 |
| Median Positive | 6.5% | 10.4% | 14.0% |
| Median Negative | -12.8% | -16.0% | -12.5% |
| Max Positive | 68.9% | 154.2% | 20.9% |
| Max Negative | -20.9% | -26.7% | -35.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/06/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/21/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/16/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Teal-Guess, Kellie | Chief Human Resources Officer | Direct | Sell | 6042026 | 5.56 | 33,966 | 188,851 | 7,332,161 | Form |
| 2 | Marino, Mark A | Chief Financial Officer | Direct | Sell | 6042026 | 5.56 | 48,099 | 267,430 | 16,219,777 | Form |
| 3 | Sinha, Dharmendra Kumar | EVP, President, Public Cloud | Direct | Sell | 6042026 | 5.56 | 48,099 | 267,430 | 18,739,596 | Form |
| 4 | Teal-Guess, Kellie | Chief Human Resources Officer | Direct | Sell | 5182026 | 5.12 | 113,232 | 579,748 | 4,654,858 | Form |
| 5 | Sinha, Dharmendra Kumar | EVP, President, Public Cloud | Direct | Sell | 3182026 | 1.81 | 188,123 | 340,503 | 4,119,663 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Systems Software Resources |
| CNET |
| ZDNet |
| Gartner |
| Software Development Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/6/2026