What is Rackspace Technology, Inc.'s change in AP?

Rackspace Technology, Inc. (RXT) reported change in AP of -$23.3M in Q1 2026.

How has Rackspace Technology, Inc.'s change in AP changed year-over-year?

Rackspace Technology, Inc.'s change in AP decreased by 34.7% year-over-year, from -$17.3M to -$23.3M.

What is the long-term trend for Rackspace Technology, Inc.'s change in AP?

Over 2 years (2021 to 2025), Rackspace Technology, Inc.'s change in AP has grown at a -45.3% compound annual growth rate (CAGR), from $88.1M to -$26.4M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Rackspace Technology, Inc. RXT Change in AP

Change in AP at other companies

International Business MachinesIBM

$156M+4,900%

CognizantCTSH

$25M+178%

Equinix, Inc.EQIX

-$62M+58.4%

AccentureACN

$60.59M+361%

Kyndryl HoldingsKD

-$59M+48.7%

Rigetti Computing, Inc.RGTI

$1.62M+116%

Other financials

Income statement

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Revenue$678.1M+1.9%

Gross profit$119.1M-6.1%

Operating income-$17.8M+53.6%

Net income$8.3M+112%

EPS (diluted)$0.03+110%

Balance sheet

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Cash & equivalents$96.0M-26.8%

Total debt$3.2B-3.1%

Total equity-$1.2B-13.4%

Total assets$2.8B-6.8%

Cash flow

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Operating cash flow$5.1M-59.5%

CapEx$14.5M+74.7%

Free cash flow-$9.4M-319%

Valuation

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Market cap$1.81B-39.7%

Enterprise value$4.89B-6.3%

P/S0.7×-0.4×

Profitability

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Gross margin18.5%-1.0pp

Operating margin-3%-1.2pp

Net margin-5.4%-1.8pp

FCF margin2.8%—

Returns & leverage

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Return on equity-205.2%-222pp

Debt / equity117.7×+115×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by Rackspace Technology, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayableAndAccruedLiabilities.

The official record: Rackspace Technology, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Rackspace Technology, Inc.'s change in AP?: Rackspace Technology, Inc. (RXT) reported change in AP of -$23.3M in Q1 2026.
How has Rackspace Technology, Inc.'s change in AP changed year-over-year?: Rackspace Technology, Inc.'s change in AP decreased by 34.7% year-over-year, from -$17.3M to -$23.3M.
What is the long-term trend for Rackspace Technology, Inc.'s change in AP?: Over 2 years (2021 to 2025), Rackspace Technology, Inc.'s change in AP has grown at a -45.3% compound annual growth rate (CAGR), from $88.1M to -$26.4M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.