RACKSPACE TECHNOLOGY, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.69B | $2.74B | $2.96B | $3.12B | $3.01B | $2.71B | $2.44B | $2.45B |
| Public Cloud | — | — | $2.10B | $2.20B | $0 | $0 | $0 | $0 |
| Private Cloud | — | — | $859.9M | $926.0M | $0 | $0 | $0 | $0 |
| Multicloud Services | — | — | $0 | $0 | $2.79B | $2.50B | $2.23B | $2.23B |
| Apps and Cross-Platform | — | — | $0 | $0 | $168.1M | $166.7M | $170.8M | $187.6M |
| Professional Services | — | — | $0 | $0 | $55.4M | $43.2M | $39.7M | $31.1M |
| Dedicated Cloud | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Managed Hosting | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cloud Computing | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $2.18B | $2.20B | $2.33B | $2.27B | $2.07B | $1.72B | $1.43B | $1.45B |
| Gross Profit | $506.4M | $533.4M | $628.8M | $856.9M | $936.8M | $984.4M | $1.01B | $1.01B |
| Gross Margin | 18.9% | 19.5% | 21.3% | 27.4% | 31.1% | 36.4% | 41.5% | 41.1% |
| Operating Expenses | ||||||||
| Research & Development | $39.1M | $45.4M | $43.7M | $24.5M | $28.3M | $36.7M | $56.0M | $74.7M |
| SG&A Expense | $607.1M | $707.6M | $767.2M | $855.3M | $906.8M | $959.7M | $911.7M | $949.3M |
| Operating Income | $-100.7M | $-909.1M | $-899.4M | $-679.0M | $-2.5M | $24.7M | $101.6M | $-237.2M |
| Operating Margin | -3.7% | -33.2% | -30.4% | -21.7% | -0.1% | 0.9% | 4.2% | -9.7% |
| Interest Expense | — | — | $221.6M | $208.5M | $205.1M | $268.4M | $329.9M | $281.1M |
| Pretax Income | $-201.8M | $-881.5M | $-854.4M | $-897.7M | $-249.1M | $-312.0M | $-122.3M | $-500.5M |
| Income Tax Expense | $24.0M | $-23.3M | $-16.6M | $-92.9M | $-30.8M | $-66.2M | $-20.0M | $-29.9M |
| Net Income | $-225.8M | $-858.2M | $-837.8M | $-804.8M | $-218.3M | $-245.8M | $-102.3M | $-470.6M |
| Net Margin | -8.4% | -31.4% | -28.3% | -25.8% | -7.3% | -9.1% | -4.2% | -19.2% |
| EPS (Basic) | $-0.95 | $-3.82 | $-3.89 | $-3.81 | $-1.05 | $-1.37 | $-0.62 | $-2.85 |
| EPS (Diluted) | $-0.95 | $-3.82 | $-3.89 | $-3.81 | $-1.05 | $-1.37 | $-0.62 | $-2.85 |
| Shares Outstanding (Basic) | 238.7M | 224.8M | 215.3M | 211.2M | 208.0M | 179.6M | 165.3M | 165.2M |
| Shares Outstanding (Diluted) | 238.7M | 224.8M | 215.3M | 211.2M | 208.0M | 179.6M | 165.3M | 165.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |