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 Statements of Comprehensive Loss

	Year Ended December 31,
(In millions, except per share data)	2022	2023	2024
Revenue	$3,122.3	$2,957.1	$2,737.1
Cost of revenue	(2,265.4)	(2,328.3)	(2,203.7)
Gross profit	856.9	628.8	533.4
Selling, general and administrative expenses	(855.3)	(767.2)	(707.6)
Impairment of goodwill	(534.5)	(708.8)	(714.9)
Impairment of assets, net	(146.1)	(52.2)	(20.0)
Loss from operations	(679.0)	(899.4)	(909.1)
Other income (expense):
Interest expense	(208.5)	(221.6)	(98.0)
Gain (loss) on investments, net	(0.2)	0.3	0.1
Gain on debt extinguishment, net of debt modification costs	—	271.3	147.2
Other expense, net	(10.0)	(5.0)	(21.7)
Total other income (expense)	(218.7)	45.0	27.6
Loss before income taxes	(897.7)	(854.4)	(881.5)
Benefit for income taxes	92.9	16.6	23.3
Net loss	$(804.8)	$(837.8)	$(858.2)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	$(27.2)	$8.0	$(8.2)
Unrealized gain on derivative contracts	86.9	10.8	15.1
Amount reclassified from accumulated other comprehensive income (loss) to earnings	4.8	(29.9)	(43.1)
Other comprehensive income (loss)	64.5	(11.1)	(36.2)
Comprehensive loss	$(740.3)	$(848.9)	$(894.4)
Net loss per share:
Basic and diluted	$(3.81)	$(3.89)	$(3.82)
Weighted average number of shares outstanding:
Basic and diluted	211.2	215.3	224.8

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ContentsView on SEC.gov

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