Rackspace Technology, Inc.

For the period ended Dec 31, 2025. Filed Mar 6, 2026.

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.

FY2025 · Filed Mar 6, 2026

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)	2023	2024	2025
Revenue	$2,957.1	$2,737.1	$2,685.7
Cost of revenue	(2,328.3)	(2,203.7)	(2,179.3)
Gross profit	628.8	533.4	506.4
Selling, general and administrative expenses	(767.2)	(707.6)	(607.1)
Impairment of goodwill	(708.8)	(714.9)	—
Impairment of assets, net	(52.2)	(20.0)	—
Loss from operations	(899.4)	(909.1)	(100.7)
Other income (expense):
Interest expense	(221.6)	(98.0)	(82.7)
Gain on investments, net	0.3	0.1	0.3
Gain on debt extinguishment, net of debt modification costs	271.3	147.2	—
Other expense, net	(5.0)	(21.7)	(18.7)
Total other income (expense)	45.0	27.6	(101.1)
Loss before income taxes	(854.4)	(881.5)	(201.8)
Benefit (provision) for income taxes	16.6	23.3	(24.0)
Net loss	$(837.8)	$(858.2)	$(225.8)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	$8.0	$(8.2)	$15.2
Unrealized gain on derivative contracts	10.8	15.1	2.0
Amount reclassified from accumulated other comprehensive income (loss) to earnings	(29.9)	(43.1)	(33.8)
Other comprehensive loss	(11.1)	(36.2)	(16.6)
Comprehensive loss	$(848.9)	$(894.4)	$(242.4)
Net loss per share:
Basic and diluted	$(3.89)	$(3.82)	$(0.95)
Weighted average number of shares outstanding:
Basic and diluted	215.3	224.8	238.7

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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.