Every 10-Q that Rackspace Technology, Inc. (RXT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RXT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RXT filings page.
Rackspace Technology, Inc. reported modest revenue growth but continued losses for the quarter and six months ended June 30, 2026, while advancing an Enterprise AI-focused strategy and managing a highly leveraged balance sheet. Revenue was $670.1 million for the quarter and $1,348.2 million year-to-date, up slightly from 2025, driven by Private Cloud growth, including contracts with embedded sales-type lease arrangements. Public Cloud revenue declined as the company de-emphasized lower-margin infrastructure resale.
Quarterly net loss widened to $67.5 million, but the year-to-date net loss improved to $59.2 million from $126.0 million a year earlier, helped by a $62.5 million gain on debt repurchases. Gross margin compressed as hardware and depreciation costs increased, and interest expense rose sharply to $60.4 million for the first half due to higher borrowing costs and the maturity of an interest rate swap. Operating cash flow turned negative at $(26.4) million.
The company remains highly leveraged, with total principal debt of $2,571.3 million and stockholders’ deficit of $(1,281.1) million, but management believes cash of $110.6 million, a $375.0 million revolver (of which $260.0 million is drawn), and an expanded receivables facility provide liquidity for at least 12 months. Rackspace is investing heavily in its Enterprise AI stack, including GPU-related capital, and initiated a workforce realignment expected to reduce about 15% of its global staff, incurring estimated one-time charges of $14.0 million to $19.0 million, to support this shift. Subsequent to quarter-end it entered a $250.0 million at-the-market equity program and issued shares, including 2.2 million shares to Palantir valued at approximately $15.0 million as non-cash consideration.
Rackspace Technology reported a Q1 2026 profit driven by debt actions. Revenue was $678.1 million, up 1.9% year over year, as Public Cloud grew while Private Cloud declined. Gross margin narrowed to 17.6% as infrastructure and depreciation costs rose.
The company swung from a net loss of $71.5 million to net income of $8.3 million, mainly due to a $55.8 million gain on debt extinguishment from repurchasing 3.50% and 5.375% notes at discounts. Adjusted EBITDA increased to $71.2 million from $61.3 million.
Rackspace remains highly leveraged, with $2,477.6 million of total debt principal and cash and cash equivalents of $93.6 million at March 31, 2026. It had $150.0 million drawn on a $375.0 million revolving credit facility and believes current resources will cover liquidity needs for at least the next 12 months.
Rackspace Technology (RXT) filed its quarterly report for the period ended September 30, 2025. Revenue was $671.2 million versus $675.8 million a year ago. Gross profit was $129.9 million. Loss from operations narrowed to $33.9 million from $173.7 million, reflecting the absence of prior-year impairments. Net loss improved to $67.1 million (basic and diluted EPS of $0.28 loss) from $186.6 million (EPS $0.82 loss). Interest expense was $21.2 million.
For the nine months, revenue was $2,002.9 million versus $2,051.5 million, and net loss was $193.1 million versus $802.2 million. Operating cash flow strengthened to $91.7 million from $(14.4) million. Cash and cash equivalents were $99.5 million at quarter-end. The company reported remaining performance obligations of $539.5 million, with approximately 17% expected to be recognized during the remainder of 2025.
Liquidity and capital structure details included a New Revolving Credit Facility with $375.0 million of commitments, $65.0 million drawn, and $286.5 million of availability as of quarter-end. Contractual interest rates included 7.04% on the FLSO Term Loan Facility and 10.54% on the FLFO Term Loan Facility. Management stated available sources are expected to provide sufficient liquidity over at least the next twelve months.
Rackspace Technology (RXT) reported second-quarter 2025 results in its Form 10-Q showing revenue of $666.3 million for the quarter and $1,331.7 million for the six months ended June 30, 2025, down from $684.9 million and $1,375.7 million, respectively, a modest decline in top-line activity.
The company had $103.9 million of cash and cash equivalents and $105.7 million of total cash, cash equivalents and restricted cash at period end, total assets of $2,894.9 million and total debt (including issuance premiums/costs) of $2,800.2 million with principal outstanding reported at $2,504.3 million. Stockholders' deficit was $(1,119.0) million and goodwill net was $741.1 million. Operating cash flow improved to $21.0 million for the six months ended June 30, 2025 versus a use of $(66.2) million in the comparable period in 2024. The filing discloses remaining performance obligations of $515.0 million, with ~35% expected to be recognized in the remainder of 2025. The company states it is highly leveraged but believes available sources and $103.9 million of cash provide sufficient liquidity for at least the next twelve months while cautioning no assurance is provided beyond that.