Financial Snapshot

Revenue
$2.771B
TTM
Gross Margin
20.04%
TTM
Net Earnings
-$774.2M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
84.37%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$949.7M
Q3 2024
Cash
Q3 2024
P/E
-0.7672
Nov 29, 2024 EST
Free Cash Flow
-$67.30M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $2.957B $3.122B $3.010B $2.707B $2.438B $2.453B $2.145B $2.078B
YoY Change -5.29% 3.75% 11.17% 11.03% -0.6% 14.37% 3.23% 3.81%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $2.957B $3.122B $3.010B $2.707B $2.438B $2.453B $2.145B $2.078B
Cost Of Revenue $2.328B $2.265B $2.073B $1.723B $1.427B $1.446B $1.354B $1.145B
Gross Profit $628.8M $856.9M $936.8M $984.4M $1.011B $1.007B $790.6M $932.4M
Gross Profit Margin 21.26% 27.44% 31.13% 36.36% 41.47% 41.06% 36.86% 44.88%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin $767.2M $855.3M $906.8M $959.7M $911.7M $949.3M $942.2M $927.4M
YoY Change -10.3% -5.68% -5.51% 5.26% -3.96% 0.75% 1.6% 20.46%
% of Gross Profit 122.01% 99.81% 96.8% 97.49% 90.16% 94.26% 119.18% 99.46%
Research & Development $43.70M $24.50M $28.30M $36.70M $56.00M $74.70M
YoY Change 78.37% -13.43% -22.89% -34.46% -25.03%
% of Gross Profit 6.95% 2.86% 3.02% 3.73% 5.54% 7.42%
Depreciation & Amortization $208.7M $387.8M $424.8M $466.2M $496.0M $611.0M $757.9M
YoY Change -46.18% -8.71% -8.88% -6.01% -18.82% -19.38%
% of Gross Profit 33.19% 45.26% 45.35% 47.36% 49.05% 60.67% 95.86%
Operating Expenses $810.9M $855.3M $935.1M $996.4M $967.7M $1.024B $942.2M $927.4M
YoY Change -5.19% -8.53% -6.15% 2.97% -5.5% 8.68% 1.6% 20.46%
Operating Profit -$899.4M $1.600M -$2.500M $24.70M $101.6M -$237.2M -$151.6M $5.000M
YoY Change -56312.5% -164.0% -110.12% -75.69% -142.83% 56.46% -3132.0% -97.5%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $221.6M -$208.7M $205.1M $268.4M $329.9M $281.1M -$190.0M -$64.10M
YoY Change -206.18% -201.76% -23.58% -18.64% 17.36% -247.95% 196.41% 493.52%
% of Operating Profit -13043.75% 1086.64% 324.7% -1282.0%
Other Income/Expense, Net $45.00M -$10.00M -$246.6M -$336.7M -$223.9M -$263.3M -$7.400M -$1.500M
YoY Change -550.0% -95.94% -26.76% 50.38% -14.96% 3458.11% 393.33% -11.76%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income -$854.4M -$897.7M -$249.1M -$312.0M -$122.3M -$500.5M -$360.7M -$27.60M
YoY Change -4.82% 260.38% -20.16% 155.11% -75.56% 38.76% 1206.88% -114.72%
Income Tax -$16.60M -$92.90M -$30.80M -$66.20M -$20.00M -$29.90M -$104.0M $7.100M
% Of Pretax Income
Net Earnings -$837.8M -$804.8M -$218.3M -$245.8M -$102.3M -$470.6M -$59.90M -$34.70M
YoY Change 4.1% 268.67% -11.19% 140.27% -78.26% 685.64% 72.62% -128.35%
Net Earnings / Revenue -28.33% -25.78% -7.25% -9.08% -4.2% -19.19% -2.79% -1.67%
Basic Earnings Per Share -$3.89 -$3.81 -$1.05 -$1.37 -$0.62
Diluted Earnings Per Share -$3.89 -$3.81 -$1.05 -$1.37 -$0.62 -$2.364M -$300.9K -$174.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments $196.8M $241.0M $272.8M $104.7M $83.80M $254.3M
YoY Change -18.34% -11.66% 160.55% 24.94% -67.05%
Cash & Equivalents $196.8M $241.0M $272.8M $104.7M $83.80M $254.3M
Short-Term Investments
Other Short-Term Assets $190.9M $222.6M $147.2M $158.6M $101.8M $92.10M
YoY Change -14.24% 51.22% -7.19% 55.8% 10.53%
Inventory
Prepaid Expenses
Receivables $350.4M $622.2M $569.5M $495.2M $358.1M $267.9M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $738.1M $1.086B $989.5M $758.5M $543.7M $614.3M
YoY Change -32.02% 9.73% 30.45% 39.51% -11.49%
Property, Plant & Equipment $735.1M $766.3M $988.5M $1.056B $1.036B $927.0M
YoY Change -4.07% -22.48% -6.37% 1.89% 11.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $143.0M $226.1M $164.3M $142.3M $122.2M $158.8M
YoY Change -36.75% 37.61% 15.46% 16.45% -23.05%
Total Long-Term Assets $3.358B $4.384B $5.339B $5.619B $5.729B $5.497B
YoY Change -23.39% -17.9% -4.98% -1.91% 4.21%
Total Assets $4.096B $5.469B $6.329B $6.378B $6.272B $6.111B
YoY Change
Accounts Payable $432.7M $459.9M $369.5M $285.4M $260.4M $233.5M
YoY Change -5.91% 24.47% 29.47% 9.6% 11.52%
Accrued Expenses $158.7M $191.6M $192.5M $199.3M $222.8M $169.3M
YoY Change -17.17% -0.47% -3.41% -10.55% 31.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $92.80M $101.4M $135.6M $132.9M $81.10M $77.00M
YoY Change -8.48% -25.22% 2.03% 63.87% 5.32%
Total Short-Term Liabilities $799.5M $869.1M $837.4M $742.2M $671.9M $565.5M
YoY Change -8.01% 3.79% 12.83% 10.46% 18.82%
Long-Term Debt $3.200B $3.654B $3.719B $4.110B $4.019B $4.222B
YoY Change -12.41% -1.76% -9.51% 2.25% -4.8%
Other Long-Term Liabilities $172.0M $190.5M $239.2M -$94.40M $355.7M $53.80M
YoY Change -9.71% -20.36% -353.39% -126.54% 561.15%
Total Long-Term Liabilities $3.372B $3.844B $3.958B $4.015B $4.375B $4.276B
YoY Change -12.28% -2.88% -1.42% -8.22% 2.32%
Total Liabilities $4.251B $4.840B $5.001B $4.994B $5.374B $5.204B
YoY Change -12.17% -3.23% 0.14% -7.06% 3.27%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 215.3M shares 211.2M shares 208.0M shares 179.6M shares 165.3M shares 165.2M shares
Diluted Shares Outstanding 215.3M shares 211.2M shares 208.0M shares 179.6M shares 165.3M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $593.95 Million

About Rackspace Technology, Inc.

Rackspace Technology, Inc. engages in the provision of end-to-end multi-cloud technology services. The company is headquartered in San Antonio, Texas and currently employs 5,800 full-time employees. The company went IPO on 2020-08-05. The firm designs, builds, and operates its customers’ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The firm operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service and others.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: BigCommerce Holdings, Inc. BRIGHTCOVE INC Core Scientific, Inc./tx Cyxtera Technologies, Inc. Fastly, Inc. AGRI-FINTECH HOLDINGS, INC. Edgio, Inc. Snowflake Inc. SolarWinds Corp Squarespace, Inc.