← Rackspace Technology, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $60.1m |
$2.5b
+3984.29%
|
$2.4b
-0.60%
|
$2.7b
+11.03%
|
$3.0b
+11.17%
|
$3.1b
+3.75%
|
$3.0b
-5.29%
|
$2.7b
-7.44%
|
$2.7b
-1.88%
|
$2.7b
+0.47%
|
|
| Cost of revenue | $44.1m |
($1.4b)
-3378.90%
|
($1.4b)
+1.30%
|
($1.7b)
-20.73%
|
($2.1b)
-20.32%
|
($2.3b)
-9.30%
|
($2.3b)
-2.78%
|
($2.2b)
+5.35%
|
($2.2b)
+1.11%
|
$2.2b
+200.94%
|
|
| Gross profit | $16.0m |
$1.0b
+6208.77%
|
$1.0b
+0.41%
|
$984.4m
-2.65%
|
$936.8m
-4.84%
|
$856.9m
-8.53%
|
$628.8m
-26.62%
|
$533.4m
-15.17%
|
$506.4m
-5.06%
|
$498.6m
-1.54%
|
|
| Research and development expenses | $7.6m | $3.2m | $3.1m | $7.0m | $5.8m | $9.0m | $8.8m | $14.3m | $16.4m | — | |
| Selling, general and administrative expenses | — | ($949.3m) | ($911.7m) | ($959.7m) | ($906.8m) | ($855.3m) | ($767.2m) | ($707.6m) | ($607.1m) | $578.7m | |
| General and administrative expenses | $32.8m | $34.7m | $41.3m | $26.1m | $45.9m | $83.3m | $76.8m | $63.8m | $49.6m | — | |
| Operating expenses | $46.6m | $45.1m | $54.1m | $39.8m | $68.8m | $101.7m | $88.2m | $92.5m | $72.6m | $578.7m | |
| Loss from operations | ($30.6m) |
($237.2m)
-674.87%
|
$101.6m
+142.83%
|
$24.7m
-75.69%
|
($2.5m)
-110.12%
|
($679.0m)
-27060.00%
|
($899.4m)
-32.46%
|
($909.1m)
-1.08%
|
($100.7m)
+88.92%
|
— | |
| Interest expense | ($549k) | ($281.1m) | ($329.9m) | ($268.4m) | ($205.1m) | ($208.5m) | ($221.6m) | ($98.0m) | ($82.7m) | $89.5m | |
| Interest income | $74k | $68k | $40k | $55k | $919k | $5.4m | $13.6m | $22.9m | $13.4m | — | |
| Foreign exchange transaction gain (loss) | $22k | ($4k) | $57k | ($18k) | ($147k) | ($118k) | $242k | ($882k) | $953k | — | |
| Other expense, net | $36k | $12.7m | ($3.3m) | $2.5m | ($1.0m) | ($10.0m) | ($5.0m) | ($21.7m) | ($18.7m) | — | |
| Total other income (expense) | ($284k) | ($263.3m) | ($223.9m) | ($336.7m) | ($246.6m) | ($218.7m) | $45.0m | $27.6m | ($101.1m) | — | |
| Loss before income taxes | — | ($500.5m) | ($122.3m) | ($312.0m) | ($249.1m) | ($897.7m) | ($854.4m) | ($881.5m) | ($201.8m) | — | |
| Benefit (provision) for income taxes | $308k | $29.9m | $20.0m | $66.2m | $30.8m | $92.9m | $16.6m | $23.3m | ($24.0m) | — | |
| Loss before income tax | ($30.9m) | ($45.4m) | ($25.4m) | ($19.8m) | ($26.4m) | $93.7m | ($61.5m) | ($51.4m) | ($43.7m) | — | |
| Net loss | ($31.4m) | ($470.6m) | ($102.3m) | ($245.8m) | ($218.3m) | ($804.8m) | ($837.8m) | ($858.2m) | ($225.8m) | — | |
| Less: Net loss attributable to non-controlling interests | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | — | |
| Net income (loss) | ($31.2m) |
($45.4m)
-45.42%
|
($25.8m)
+43.18%
|
($20.1m)
+21.95%
|
($25.9m)
-28.55%
|
$94.3m
+464.52%
|
($61.5m)
-165.20%
|
($51.4m)
+16.33%
|
($225.8m)
-338.99%
|
($146.0m)
+35.34%
|
|
| Basic (in dollars per share) | ($4.90) | ($2.85) | ($0.62) | ($1.37) | ($1.05) | ($3.81) | ($3.89) | ($3.82) | ($0.95) | — | |
| Diluted (in dollars per share) | ($4.90) | ($2.85) | ($0.62) | ($1.37) | ($1.05) | ($3.81) | ($3.89) | ($3.82) | ($0.95) | — | |
| Weighted - average shares - basic | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | $1.7m | $2.2m | $5.0m | $9.1m | — | |
| Weighted - average shares - diluted | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | $1.7m | $2.2m | $5.0m | $9.1m | — | |
| Weighted - average shares -basic and diluted | $6.4m | $2.3m | $3.9m | $4.6m | $12.7m | $1.7m | $2.2m | $5.0m | $9.1m | — | |
| Impairment of goodwill | — | ($295.0m) | $0 | $0 | ($52.4m) | ($534.5m) | ($708.8m) | ($714.9m) | $0 | — | |
| Impairment of assets, net | — | — | — | $0 | $0 | ($146.1m) | ($52.2m) | ($20.0m) | $0 | — | |
| Gain on investments, net | — | $4.6m | $99.5m | $700k | ($3.0m) | ($200k) | $300k | $100k | $300k | — | |
| Gain on debt extinguishment, net of debt modification costs | — | $500k | $9.8m | ($71.5m) | ($37.5m) | $0 | $271.3m | $147.2m | $0 | — | |
| Foreign currency translation adjustments | — | ($17.8m) | $12.0m | $8.8m | ($3.6m) | ($27.2m) | $8.0m | ($8.2m) | $15.2m | — | |
| Unrealized gain on derivative contracts | — | $0 | $0 | ($47.6m) | $11.5m | $86.9m | $10.8m | $15.1m | $2.0m | — | |
| Amount reclassified from accumulated other comprehensive income (loss) to earnings | — | $0 | $0 | $8.2m | $17.6m | $4.8m | ($29.9m) | ($43.1m) | ($33.8m) | — | |
| Other comprehensive loss | — | ($17.8m) | $12.0m | ($30.6m) | $25.5m | $64.5m | ($11.1m) | ($36.2m) | ($16.6m) | — | |
| Comprehensive loss | ($31.5m) | ($488.4m) | ($90.3m) | ($276.4m) | ($192.8m) | ($740.3m) | ($848.9m) | ($894.4m) | ($242.4m) | — | |
| Selling and distribution expenses | $4.5m | $8.0m | $9.1m | $4.4m | $8.0m | $10.2m | $10.6m | $10.4m | $9.3m | — | |
| Allowance for (net recovery of) credit losses | $1.8m | ($841k) | $611k | $2.2m | $8.2m | ($659k) | ($9.0m) | $4.1m | ($2.9m) | — | |
| Impairment loss of property and equipment and other long-lived assets | — | — | $0 | $0 | $768k | $0 | $1.0m | $0 | $0 | — | |
| Subsidy income | $133k | $372k | $1.1m | $1.2m | $356k | $12k | $325k | $131k | $86k | — | |
| Loss (gain) in fair value changes of warrants liability | — | — | $0 | $0 | $35.4m | $174.5m | $6.1m | ($934k) | $6k | — | |
| Impairment loss on goodwill and intangible assets | — | — | — | — | $0 | ($2.3m) | ($10.0m) | $0 | $0 | — | |
| Foreign currency translation adjustment | ($30k) | $1.8m | $1.4m | ($84k) | ($851k) | $9.3m | $23.8m | $2.0m | ($3.6m) | — | |
| Less: Comprehensive loss attributable to non- controlling interests | $241k | ($1.3m) | ($427k) | ($876k) | ($3.0m) | ($1.3m) | ($2.3m) | ($1.6m) | ($1.1m) | — | |
| Income from investment in unconsolidated entity | $0 | $0 | ($960k) | $463k | ($267k) | $15k | $0 | $0 | — | — | |
| Comprehensive income (loss) | ($31.2m) | ($43.6m) | ($24.4m) | ($20.2m) | ($26.7m) | $103.6m | ($37.7m) | ($49.4m) | — | — | |
| Remeasurement gain of previously held equity interests in connection with step acquisition | — | — | $0 | $0 | $979k | $0 | $0 | — | — | — | |
| Loss per common share - basic and diluted | ($5) | ($19) | ($6) | ($4) | ($2) | ($4) | ($4) | ($4) | ($1) | — | |
| Impairment loss of investment in unconsolidated entity | $0 | $4.0m | $0 | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.