The financials
Rackspace Technology, Inc. by the numbers
Rackspace Technology, Inc. (RXT) reported revenue of $678M in Q1 2026 (quarter ended Mar 31, 2026), up 1.9% from the same quarter a year earlier. That came with a gross margin of 18% and net income of $8.3M (1.2% of revenue). For the full year FY2025, revenue was $2.69B (−1.9% year on year) and net income −$226M. Its largest segment in Jun 2026 was Public Cloud Services at $407M, 61% of the disclosed total, well ahead of Private Cloud Service at 39%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $678M | $665M | +1.9% |
| Gross profit | $119M | $127M | −6.1% |
| Operating income | −$18M | −$38M | n/a |
| Net income | $8.3M | −$72M | to a profit |
| Diluted EPS | $0.03 | −$0.31 | to a profit |
| Operating | Revenue | Share |
|---|---|---|
| Public Cloud Services | $407M | 61% |
| Private Cloud Service | $263M | 39% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Jun 2026Total $670.1M (-1.2%)
Private Cloud Service grew +5.4% year on yearPublic Cloud Services -2.4% year on year
Segment Latestquarter on quarteryear on year
- Public Cloud Services$406.8M$406.8MQoQ -8.3%year on year -2.4%-8.3%-2.4%
- Private Cloud Service$263.3M$263.3MQoQ +12%year on year +5.4%+12%+5.4%
Software - Infrastructure
Ranks #42 of 64 by Smart Score