What is Rackspace Technology, Inc.'s foreign operations?

Rackspace Technology, Inc. (RXT) reported foreign operations of -1% in Q4 2024.

What does foreign operations mean?

Reflects the impact of foreign operations on the effective tax rate, accounting for differences between foreign statutory tax rates and the domestic statutory rate. This metric is critical for understanding the tax implications of the company's global business structure.

Rackspace Technology, Inc. RXT Foreign operations

Foreign operations at other companies

Kyndryl HoldingsKD

4.5%+2.5pp

Rumble, Inc.RUM

0.2%-0.6pp

International Business MachinesIBM

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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$1.7B-39.7%

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:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: Rackspace Technology, Inc.’s 10-K, filed March 6, 2026, on SEC EDGAR. View the filing →

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What is Rackspace Technology, Inc.'s foreign operations?: Rackspace Technology, Inc. (RXT) reported foreign operations of -1% in Q4 2024.
What does foreign operations mean?: Reflects the impact of foreign operations on the effective tax rate, accounting for differences between foreign statutory tax rates and the domestic statutory rate. This metric is critical for understanding the tax implications of the company's global business structure.