The financials
Rackspace Technology, Inc. by the numbers
Rackspace Technology, Inc. (RXT) reported revenue of $678M in Q1 2026 (quarter ended March 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 2026-Q1 was Public Cloud Services at $443M, 65% of the disclosed total, just ahead of Private Cloud Service at 35%.
| 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 | $443M | 65% |
| Private Cloud Service | $235M | 35% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $678.1M (+1.0%)
Public Cloud Services grew +6.7% year on yearPrivate Cloud Service -6.0% year on year
Segment Latestquarter on quarteryear on year
- Public Cloud Services$443.4M$443.4MQoQ +5.2%year on year +6.7%+5.2%+6.7%
- Private Cloud Service$234.7M$234.7MQoQ -6.0%year on year -6.0%-6.0%-6.0%
Software - Infrastructure
Ranks #7 of 78 by Smart Score