← Rackspace Technology, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $45.3m | $83.8m | $104.7m | $272.8m | $228.4m | $196.8m | $144.0m | $105.8m | |
| Accounts receivable, net of allowance for credit losses and accrued customer credits of $27.0 and $12.2, respectively | $24.3m | $350.3m | $483.0m | $554.3m | $622.2m | $339.7m | $298.8m | $266.5m | |
| Prepaid expenses | $510k | $76.2m | $123.8m | $110.0m | $97.3m | $87.4m | $84.9m | $84.4m | |
| Other current assets | — | $33.4m | $47.0m | $52.4m | $125.3m | $114.2m | $91.1m | $61.1m | |
| Short-term investments | — | — | — | — | $0 | $184.2m | $88.1m | $3.6m | |
| Notes receivable | $4.0m | $3.1m | $4.2m | $6.3m | $10.8m | $3.7m | $1.3m | $0 | |
| Inventories, net | $6.8m | $1.3m | $2.0m | $3.6m | $3.9m | $6.3m | $1.1m | $1.3m | |
| Other receivables, net | $5.4m | $5.7m | $6.4m | $6.9m | $5.5m | $2.2m | $3.6m | $3.8m | |
| Long-term other receivables, net | $0 | $440k | $4k | $115k | $1.6m | $4k | $0 | — | |
| Prepaid expenses - related parties | $0 | $218k | $0 | $433k | $275k | $0 | — | — | |
| Trade accounts receivable-related party, net | $0 | $3.4m | $3.1m | $0 | — | — | — | — | |
| Long-term trade accounts receivable, net | $4.2m | $0 | — | — | — | — | — | — | |
| Total current assets | $100.8m | $543.7m | $758.5m | $989.5m | $1.1b | $738.1m | $618.8m | $517.8m | |
| Property, equipment and software, net | $3.2m | $727.8m | $884.6m | $826.7m | $628.3m | $608.8m | $601.0m | $596.3m | |
| Property and equipment, net | $3.2m | $3.7m | $29.8m | $27.1m | $25.5m | $24.8m | $22.1m | $20.0m | |
| Goodwill, net | — | $2.7b | $2.8b | $2.7b | $2.2b | $1.5b | $735.7m | $740.1m | |
| Intangible assets, net | — | $1.8b | $1.6b | $1.5b | $1.2b | $1.0b | $844.7m | $698.3m | |
| Operating right-of-use assets | — | $308.3m | $171.1m | $161.8m | $138.0m | $126.3m | $134.6m | $144.6m | |
| Operating lease right-of-use assets, net (including ¥1,769,840 and ¥696,851($97,277) from a related party as of June 30, 2024 and June 30, 2025, respectively) | — | — | — | — | — | $2.7m | $23.5m | $19.0m | |
| Other non-current assets | — | $129.4m | $156.2m | $177.4m | $226.1m | $151.6m | $119.3m | $102.7m | |
| Deferred revenue | $85k | $66.6m | $76.7m | $98.6m | $80.9m | $78.8m | $84.2m | $94.6m | |
| Debt | $720k | $3.8b | $3.3b | $3.3b | $3.3b | $2.8b | $2.8b | $2.7b | |
| Operating lease liabilities | — | $256.5m | $118.2m | $114.8m | $84.8m | $74.6m | $77.8m | $84.2m | |
| Finance lease liabilities | — | $88.4m | $358.1m | $345.1m | $310.5m | $308.0m | $293.1m | $297.7m | |
| Financing obligations | — | $86.4m | $74.1m | $62.9m | $47.6m | $52.4m | $39.2m | $39.3m | |
| Other current liabilities | $3.3m | $50.2m | $88.6m | $41.2m | $35.3m | $36.5m | $34.1m | $23.4m | |
| Deferred income taxes | — | $326.9m | $236.7m | $205.8m | $126.7m | $79.2m | $30.2m | $34.7m | |
| Other non-current liabilities | — | $99.2m | $145.5m | $124.4m | $105.7m | $97.4m | $95.0m | $78.0m | |
| Restricted cash | — | — | — | $0 | $724k | $732k | $849k | $8k | |
| Loans to third parties-short term | $2.0m | $5.0m | $3.2m | $50.5m | $50.4m | $123.1m | $208.9m | $141.6m | |
| Purchase advances, net | $12.7m | $1.3m | $179k | $1.1m | $178k | $2.7m | $5.2m | $14.6m | |
| Contract costs, net | — | — | $31.5m | $48.8m | $33.9m | $49.6m | $48.3m | $53.5m | |
| Deferred offering cost | — | — | — | — | — | — | $0 | $2.5m | |
| Construction in progress | $11.8m | $21.5m | $27.2m | — | $240k | $0 | $219k | $12.0m | |
| Loans to third parties-long term | — | — | — | — | — | — | — | $118.5m | |
| Short-term bank loans | $0 | $2.5m | $9.5m | $15.0m | $10.0m | $12.5m | $12.4m | $11.6m | |
| Taxes payable | $432k | $2.2m | $1.1m | $1.2m | $2.2m | $1.2m | $993k | $796k | |
| Short-term borrowings - related parties | — | — | $10.2m | $12.7m | $9.0m | $20.0m | $10.0m | $10.0m | |
| Operating lease liabilities - non-current (including ¥335,976 and nil from related parties as of June 30, 2024 and June 30, 2025, respectively) | — | $0 | $1.2m | $4.8m | $2.2m | $25k | $4.0m | $1.1m | |
| Long-term borrowings - related party | $8.9m | $8.2m | $7.4m | $6.5m | $5.5m | $0 | $10.0m | $10.0m | |
| Warrant liability - non-current | — | — | — | $190.6m | $16.7m | $31.6m | $7k | $688 | |
| Statutory reserve | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | $4.1m | |
| Non-controlling interests | $10.9m | $11.1m | $10.6m | ($7.6m) | ($7.7m) | ($10.1m) | ($11.6m) | ($13.5m) | |
| Other payable- related parties | — | — | $4.5m | $2.4m | $2.2m | $2.6m | — | — | |
| Long-term borrowings - related party - current portion | — | — | $847k | $920k | $1,000k | — | — | — | |
| Contract liabilities - non-current | — | — | — | — | $106k | $0 | — | — | |
| Land use right, net | $1.3m | $1.3m | $1.3m | $1.3m | $1.2m | — | — | — | |
| Investment in unconsolidated entity | $0 | $31.1m | $31.5m | $27.9m | — | — | — | — | |
| Short-term borrowings | $0 | $1.1m | $200k | $530k | $0 | — | — | — | |
| Investment payable | $0 | $6.4m | $6.4m | — | — | — | — | — | |
| Contract assets, net | $0 | $4.6m | $31.5m | — | — | — | — | — | |
| Prepayments for construction in progress | $474k | $1.1m | $0 | — | — | — | — | — | |
| Total stockholders' deficit | $76.0m | $898.8m | $1.4b | $1.3b | $629.5m | ($154.5m) | ($1.0b) | ($1.2b) | |
| Total shareholders' equity | $86.9m | $106.7m | $120.6m | $287.5m | $412.9m | $439.2m | $490.9m | $454.0m | |
| Total assets | $121.8m | $6.3b | $6.4b | $6.3b | $5.5b | $4.1b | $3.1b | $2.8b | |
| Total liabilities and stockholders' deficit | $121.8m | $6.3b | $6.4b | $6.3b | $5.5b | $4.1b | $3.1b | $2.8b | |
| Accounts payable and accrued expenses | — | $260.4m | $285.4m | $369.5m | $447.3m | $432.7m | $389.6m | $413.9m | |
| Accrued compensation and benefits | $600k | $128.5m | $110.6m | $104.5m | $95.3m | $72.2m | $96.7m | $85.4m | |
| Accrued interest | — | $36.0m | $26.5m | $27.6m | $36.3m | $20.5m | $7.4m | $5.4m | |
| Accounts payable | $8.8m | $14.1m | $23.0m | $22.0m | $16.7m | $10.8m | $10.2m | $19.4m | |
| Total current liabilities | $26.0m | $671.9m | $742.2m | $837.4m | $856.5m | $799.5m | $766.6m | $766.7m | |
| Deferred tax liability | — | — | $0 | $624k | — | — | — | — | |
| Total liabilities | $34.9m | $5.4b | $5.0b | $5.0b | $4.8b | $4.3b | $4.1b | $4.0b | |
| Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 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 | 2.3m | 1.6m | 2.0m | 2.1m | 2.2m | 2.2m | 2.3m | 2.5m | |
| Additional paid-in capital | $207.5m | $1.6b | $2.4b | $2.5b | $2.6b | $2.6b | $2.7b | $2.7b | |
| Accumulated other comprehensive income | $1.5m | $12.0m | ($18.6m) | $6.9m | $71.4m | $60.3m | $24.1m | $7.5m | |
| Accumulated deficit | ($139.4m) | ($717.5m) | ($963.3m) | ($1.2b) | ($2.0b) | ($2.8b) | ($3.7b) | ($3.9b) | |
| Treasury stock, at cost; 3.1 shares held | — | — | — | $0 | ($31.0m) | ($31.0m) | ($31.0m) | ($31.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.