What is the long-term trend for Rackspace Technology, Inc.'s provision for credit losses?

Over 2 years (2022 to 2024), Rackspace Technology, Inc.'s provision for credit losses has grown at a 25.4% compound annual growth rate (CAGR), from $12.4M to $19.5M.

What does provision for credit losses mean?

Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.

Rackspace Technology, Inc. RXT Provision for Credit Losses

Provision for Credit Losses at other companies

DXC TechnologyDXC

$3M0.0%

Extreme NetworksEXTR

$110K+89.7%

EPAM SystemsEPAM

-$593K-172%

SHA

SharonAI Holdings, Inc. Class A Common StockSHAZ

$18.36K—

DigitalOceanDOCN

$3.49M-16.8%

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:ProvisionForDoubtfulAccounts.

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 provision for credit losses?: Rackspace Technology, Inc. (RXT) reported provision for credit losses of $800K in Q1 2026.
What is the long-term trend for Rackspace Technology, Inc.'s provision for credit losses?: Over 2 years (2022 to 2024), Rackspace Technology, Inc.'s provision for credit losses has grown at a 25.4% compound annual growth rate (CAGR), from $12.4M to $19.5M.
What does provision for credit losses mean?: Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.