Rackspace Technology, Inc.
For the period ended Dec 31, 2025. Filed Mar 6, 2026.
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FY2025 · Filed Mar 6, 2026
RXT$2.68-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (In millions, except per share data) | December 31,2024 | December 31,2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $144.0 | $105.8 |
| Accounts receivable, net of allowance for credit losses and accrued customer credits of $27.0 and $12.2, respectively | 298.8 | 266.5 |
| Prepaid expenses | 84.9 | 84.4 |
| Other current assets | 91.1 | 61.1 |
| Total current assets | 618.8 | 517.8 |
| Property, equipment and software, net | 601.0 | 596.3 |
| Goodwill, net | 735.7 | 740.1 |
| Intangible assets, net | 844.7 | 698.3 |
| Operating right-of-use assets | 134.6 | 144.6 |
| Other non-current assets | 119.3 | 102.7 |
| Total assets | $3,054.1 | $2,799.8 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $389.6 | $413.9 |
| Accrued compensation and benefits | 96.7 | 85.4 |
| Deferred revenue | 84.2 | 94.6 |
| Debt | 29.2 | 27.3 |
| Accrued interest | 7.4 | 5.4 |
| Operating lease liabilities | 55.9 | 54.7 |
| Finance lease liabilities | 53.1 | 48.0 |
| Financing obligations | 16.4 | 14.0 |
| Other current liabilities | 34.1 | 23.4 |
| Total current liabilities | 766.6 | 766.7 |
| Non-current liabilities: | ||
| Debt | 2,756.4 | 2,718.7 |
| Operating lease liabilities | 77.8 | 84.2 |
| Finance lease liabilities | 293.1 | 297.7 |
| Financing obligations | 39.2 | 39.3 |
| Deferred income taxes | 30.2 | 34.7 |
| Other non-current liabilities | 95.0 | 78.0 |
| Total liabilities | 4,058.3 | 4,019.3 |
| 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; 232.2 and 248.4 shares issued; 229.1 and 245.3 shares outstanding, respectively | 2.3 | 2.5 |
| Additional paid-in capital | 2,682.8 | 2,709.7 |
| Accumulated other comprehensive income | 24.1 | 7.5 |
| Accumulated deficit | (3,682.4) | (3,908.2) |
| Treasury stock, at cost; 3.1 shares held | (31.0) | (31.0) |
| Total stockholders' deficit | (1,004.2) | (1,219.5) |
| Total liabilities and stockholders' deficit | $3,054.1 | $2,799.8 |
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