What is Rackspace Technology, Inc.'s net debt?

Rackspace Technology, Inc. (RXT) reported net debt of $3.08B in Q1 2026.

How has Rackspace Technology, Inc.'s net debt changed year-over-year?

Rackspace Technology, Inc.'s net debt decreased by 2.1% year-over-year, from $3.15B to $3.08B.

What is the long-term trend for Rackspace Technology, Inc.'s net debt?

Over 5 years (2020 to 2025), Rackspace Technology, Inc.'s net debt has grown at a -4.0% compound annual growth rate (CAGR), from $3.83B to $3.12B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Rackspace Technology, Inc. RXT Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

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Ivanhoe ElectricIE

-19.6×—

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

See full

Return on equity-205.2%-222pp

Debt / equity117.7×+115×

Current ratio0.7×-0.1×

Where this comes from

Calculated from Rackspace Technology, Inc.’s reported figures.

$3.2Btotal debt−$96.0Mcash and equivalents=$3.08B

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 net debt?: Rackspace Technology, Inc. (RXT) reported net debt of $3.08B in Q1 2026.
How has Rackspace Technology, Inc.'s net debt changed year-over-year?: Rackspace Technology, Inc.'s net debt decreased by 2.1% year-over-year, from $3.15B to $3.08B.
What is the long-term trend for Rackspace Technology, Inc.'s net debt?: Over 5 years (2020 to 2025), Rackspace Technology, Inc.'s net debt has grown at a -4.0% compound annual growth rate (CAGR), from $3.83B to $3.12B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.