Rackspace Technology, Inc.

For the period ended Dec 31, 2024. Filed Mar 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 21, 2025

RXT$2.68-1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets

(In millions, except per share data)	December 31,2023	December 31,2024
ASSETS
Current assets:
Cash and cash equivalents	$196.8	$144.0
Accounts receivable, net of allowance for credit losses and accrued customer credits of $20.1 and $27.0, respectively	339.7	298.8
Prepaid expenses	87.4	84.9
Other current assets	114.2	91.1
Total current assets	738.1	618.8
Property, equipment and software, net	608.8	601.0
Goodwill, net	1,452.4	735.7
Intangible assets, net	1,019.0	844.7
Operating right-of-use assets	126.3	134.6
Other non-current assets	151.6	119.3
Total assets	$4,096.2	$3,054.1
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued expenses	$432.7	$389.6
Accrued compensation and benefits	72.2	96.7
Deferred revenue	78.8	84.2
Debt	23.0	29.2
Accrued interest	20.5	7.4
Operating lease liabilities	66.0	55.9
Finance lease liabilities	55.8	53.1
Financing obligations	14.0	16.4
Other current liabilities	36.5	34.1
Total current liabilities	799.5	766.6
Non-current liabilities:
Debt	2,839.6	2,756.4
Operating lease liabilities	74.6	77.8
Finance lease liabilities	308.0	293.1
Financing obligations	52.4	39.2
Deferred income taxes	79.2	30.2
Other non-current liabilities	97.4	95.0
Total liabilities	4,250.7	4,058.3
Commitments and Contingencies (Note 10)
Stockholders' deficit:
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding	—	—
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 220.5 and 232.2 shares issued; 217.4 and 229.1 shares outstanding, respectively	2.2	2.3
Additional paid-in capital	2,638.2	2,682.8
Accumulated other comprehensive income	60.3	24.1
Accumulated deficit	(2,824.2)	(3,682.4)
Treasury stock, at cost; 3.1 shares held	(31.0)	(31.0)
Total stockholders' deficit	(154.5)	(1,004.2)
Total liabilities and stockholders' deficit	$4,096.2	$3,054.1

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.