RXT - Rackspace Technology, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$4.83
DETAILS
HIGH:
$5.50
LOW:
$4.00
MEDIAN:
$5.00
CONSENSUS:
$4.83
DOWNSIDE:
23.85%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 2,685.7 | 2,737.1 | 2,957.1 | 3,122.3 | 3,009.5 | 2,707.1 | 2,438.1 | 2,452.8 | 2,144.7 |
| Cost of Revenue | 2,326.2 | 2,203.7 | 2,308.5 | 2,265.4 | 2,072.7 | 1,722.7 | 1,426.9 | 1,445.7 | 1,354.1 |
| Gross Profit | 359.5 | 533.4 | 648.6 | 856.9 | 936.8 | 984.4 | 1,011.2 | 1,007.1 | 790.6 |
| Operating Expenses | |||||||||
| R&D Expenses | 39.1 | 0 | 43.7 | 0 | 0 | 36.7 | 0 | 74.7 | 92.9 |
| SG&A Expenses | 388.8 | 707.6 | 660 | 855.3 | 906.8 | 959.7 | 911.7 | 949.3 | 822.5 |
| Other Expenses | 0 | 734.9 | 844.3 | 680.6 | 32.5 | (36.7) | (2.1) | 12.7 | (7.4) |
| Operating Expenses | 427.9 | 1,442.5 | 1,548 | 1,535.9 | 939.3 | 959.7 | 909.6 | 949.3 | 913.4 |
| Operating Income | |||||||||
| Operating Income | (68.4) | (909.1) | (899.4) | (679) | (2.5) | 24.7 | 101.6 | 70.5 | (117.6) |
| Interest Expense | 127.5 | 98 | 221.6 | 208.5 | 205.1 | 268.4 | 329.9 | 281.1 | 223.4 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 288.3 | (420.5) | (149.9) | (241.7) | 446.7 | 479.1 | 774.1 | 393.4 | 629.8 |
| EBIT | (74.3) | (783.5) | (592.8) | (689.2) | (44) | (57.8) | 207.6 | (219.4) | (128.1) |
| Income Before Tax | (201.8) | (881.5) | (854.4) | (897.7) | (249.1) | (312) | (122.3) | (500.5) | (360.7) |
| Income Tax Expense | 24 | (23.3) | (16.6) | (92.9) | (30.8) | (66.2) | (20) | (29.9) | (300.8) |
| Net Income | (225.8) | (858.2) | (837.8) | (804.8) | (218.3) | (245.8) | (102.3) | (470.6) | (59.9) |
| Per Share Data | |||||||||
| EPS (Basic) | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 | -1.37 | -6.24 | -28.70 | -3.65 |
| EPS (Diluted) | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 | -1.37 | -6.24 | -28.70 | -3.65 |
| Shares Outstanding | 238.7 | 224.8 | 215.3 | 211.2 | 208 | 179.6 | 16.4 | 16.4 | 16.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 105.8 | 144 | 196.8 | 228.4 | 272.8 | 104.7 | 83.8 | 254.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 266.5 | 298.8 | 339.7 | 622.2 | 554.3 | 483 | 350.3 | 260.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55 |
| Other Current Assets | 145.5 | 91.1 | 114.2 | 125.3 | 52.4 | 47 | 33.4 | 44.5 |
| Total Current Assets | 517.8 | 618.8 | 738.1 | 1,073.2 | 989.5 | 758.5 | 543.7 | 614.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 740.9 | 735.6 | 735.1 | 766.3 | 988.5 | 1,055.7 | 1,036.1 | 927 |
| Goodwill | 740.1 | 735.7 | 1,452.4 | 2,155.1 | 2,706.8 | 2,761.1 | 2,745.8 | 2,474.7 |
| Intangible Assets | 698.3 | 844.7 | 1,019 | 1,236 | 1,466.5 | 1,646.3 | 1,817.4 | 1,930.9 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.6 |
| Other Non-Current Assets | 102.7 | 119.3 | 151.6 | 226.1 | 177.4 | 156.2 | 129.4 | 164.5 |
| Total Non-Current Assets | 2,282 | 2,435.3 | 3,358.1 | 4,383.5 | 5,339.2 | 5,619.3 | 5,728.7 | 5,497.1 |
| Total Assets | 2,799.8 | 3,054.1 | 4,096.2 | 5,456.7 | 6,328.7 | 6,377.8 | 6,272.4 | 6,111.4 |
| Current Liabilities | ||||||||
| Account Payables | 413.9 | 389.6 | 432.7 | 447.3 | 369.5 | 285.4 | 260.4 | 233.5 |
| Short-Term Debt | 144 | 29.2 | 23 | 23 | 23 | 43.4 | 29 | 34 |
| Deferred Revenue | 94.6 | 84.2 | 78.8 | 80.9 | 98.6 | 76.7 | 66.6 | 57.4 |
| Other Current Liabilities | 28.8 | 130.8 | 108.7 | 130.6 | 145.7 | 158.5 | 178.7 | 68.3 |
| Total Current Liabilities | 766.7 | 766.6 | 799.5 | 856.5 | 837.4 | 742.2 | 671.9 | 565.5 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 2,718.7 | 2,756.4 | 2,839.6 | 3,295.4 | 3,310.9 | 3,319.3 | 3,844.3 | 3,927.6 |
| Deferred Tax Liabilities | 34.7 | 30.2 | 79.2 | 126.7 | 205.8 | 236.7 | 326.9 | 362.4 |
| Other Non-Current Liabilities | 78 | 134.2 | 149.8 | 153.3 | 187.3 | 219.6 | 185.6 | 50.8 |
| Total Non-Current Liabilities | 3,252.6 | 3,291.7 | 3,451.2 | 3,970.7 | 4,163.9 | 4,251.9 | 4,701.7 | 4,638.1 |
| Total Liabilities | 4,019.3 | 4,058.3 | 4,250.7 | 4,827.2 | 5,001.3 | 4,994.1 | 5,373.6 | 5,203.6 |
| Stockholders' Equity | ||||||||
| Common Stock | 2.5 | 2.3 | 2.2 | 2.2 | 2.1 | 2 | 1.6 | 1.6 |
| Retained Earnings | (3,908.2) | (3,682.4) | (2,824.2) | (1,986.4) | (1,181.6) | (963.3) | (717.5) | (671.1) |
| Accumulated Other Comprehensive Income | 7.5 | 24.1 | 60.3 | 71.4 | 6.9 | (18.6) | 12 | 0 |
| Total Stockholders' Equity | (1,219.5) | (1,004.2) | (154.5) | 629.5 | 1,327.4 | 1,383.7 | 898.8 | 907.8 |
| Total Liabilities & Equity | 2,799.8 | 3,054.1 | 4,096.2 | 5,456.7 | 6,328.7 | 6,377.8 | 6,272.4 | 6,111.4 |
| Debt Metrics | ||||||||
| Total Debt | 3,283.9 | 3,281.9 | 3,381 | 3,852.1 | 3,966.8 | 3,990.7 | 4,319.4 | 4,298.9 |
| Net Debt | 3,178.1 | 3,137.9 | 3,184.2 | 3,623.7 | 3,694 | 3,886 | 4,235.6 | 4,044.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (225.8) | (858.2) | (837.8) | (804.8) | (218.3) | (245.8) | (102.3) | (470.6) | (59.9) |
| Depreciation & Amortization | 336 | 363 | 442.9 | 447.6 | 490.7 | 536.9 | 566.5 | 611 | 757.9 |
| Stock-Based Compensation | 45.1 | 63.4 | 65.4 | 69.5 | 75.4 | 74.5 | 30.2 | 20 | 10.2 |
| Change in Working Capital | 6.9 | (62.2) | 225.1 | (66.9) | (30) | (285.1) | (139.1) | (22.2) | (141.7) |
| Other Non-Cash Items | (27.6) | 568.9 | 521.2 | 722.7 | 94.5 | 109.8 | (21.7) | 316.2 | 32.1 |
| Operating Cash Flow | 151.4 | 39.9 | 374.9 | 259.3 | 370.8 | 116.7 | 292.9 | 429.8 | 291.7 |
| Investing Activities | |||||||||
| Capital Expenditure | (60.8) | (111.1) | (96.9) | (80.4) | (108.4) | (116.5) | (198) | (294.3) | (189.5) |
| Acquisitions | 0 | 16.9 | 0 | (7.7) | 31.3 | (9.5) | (299.3) | (65.2) | (1,059.2) |
| Purchases of Investments | 0 | 0 | 0 | (15) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0.9 | 109.5 | 8.8 | 18 |
| Other Investing Activities | 2.4 | 7.6 | 0.9 | 5.2 | 8.1 | (3.3) | 1.3 | 2.4 | 4.5 |
| Investing Cash Flow | (58.4) | (86.6) | (96) | (97.9) | (69) | (128.4) | (386.5) | (348.3) | (1,226.2) |
| Financing Activities | |||||||||
| Net Debt Issuance | (69.9) | 55.1 | (271.6) | (139.2) | (180.4) | (648.1) | (32.4) | (56.9) | 877.9 |
| Stock Repurchased | 0 | (4.3) | (1) | (31) | 0 | (2.1) | (3.3) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (65.2) | (53.8) | (40.2) | (16.8) | (12.9) | 22.3 | (43.5) | 3.2 | (20.1) |
| Financing Cash Flow | (134.6) | (3) | (312.8) | (187) | (132.2) | 29.9 | (79.2) | (53.7) | 867.5 |
| Cash Position | |||||||||
| Net Change in Cash | (39.1) | (52.7) | (31.7) | (31.4) | 167.3 | 21 | (171.1) | 23.3 | (63.3) |
| Cash at Beginning | 147 | 199.7 | 231.4 | 275.4 | 108.1 | 87.1 | 258.2 | 234.9 | 298.2 |
| Cash at End | 108 | 147 | 199.7 | 244 | 275.4 | 108.1 | 87.1 | 258.2 | 234.9 |
| Free Cash Flow | 90.6 | (71.2) | 278 | 178.9 | 262.4 | 0.2 | 94.9 | 135.5 | 102.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 2,685.7 | 2,737.1 | 2,957.1 | 3,122.3 | 3,009.5 | 2,707.1 | 2,438.1 | 2,452.8 | 2,144.7 |
| Gross Profit | 359.5 | 533.4 | 648.6 | 856.9 | 936.8 | 984.4 | 1,011.2 | 1,007.1 | 790.6 |
| Operating Income | (68.4) | (909.1) | (899.4) | (679) | (2.5) | 24.7 | 101.6 | 70.5 | (117.6) |
| Net Income | (225.8) | (858.2) | (837.8) | (804.8) | (218.3) | (245.8) | (102.3) | (470.6) | (59.9) |
| EPS (Diluted) | -0.95 | -3.82 | -3.89 | -3.81 | -1.05 | -1.37 | -6.24 | -28.70 | -3.65 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 105.8 | 144 | 196.8 | 228.4 | 272.8 | 104.7 | 83.8 | 254.3 | |
| Total Assets | 2,799.8 | 3,054.1 | 4,096.2 | 5,456.7 | 6,328.7 | 6,377.8 | 6,272.4 | 6,111.4 | |
| Total Debt | 3,283.9 | 3,281.9 | 3,381 | 3,852.1 | 3,966.8 | 3,990.7 | 4,319.4 | 4,298.9 | |
| Stockholders' Equity | (1,219.5) | (1,004.2) | (154.5) | 629.5 | 1,327.4 | 1,383.7 | 898.8 | 907.8 | |
| Cash Flow | |||||||||
| Operating Cash Flow | 151.4 | 39.9 | 374.9 | 259.3 | 370.8 | 116.7 | 292.9 | 429.8 | 291.7 |
| Capital Expenditure | (60.8) | (111.1) | (96.9) | (80.4) | (108.4) | (116.5) | (198) | (294.3) | (189.5) |
| Free Cash Flow | 90.6 | (71.2) | 278 | 178.9 | 262.4 | 0.2 | 94.9 | 135.5 | 102.2 |