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Rackspace Technology, Inc. RXT Corporate functions — Total depreciation expense

Other segment segments

Private Cloud
$33.8M+13.8%
Public Cloud
$1.8M+5.9%

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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-$53.0M-111%
Net income-$91.0M-67.0%
EPS (diluted)-$0.36-56.5%

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$1.22B+323%
Enterprise value$4.31B-6.3%

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:Depreciation.

The source filing: Rackspace Technology, Inc.’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001810019-26-000044
(In millions)Three Months Ended March 31, 2025Three Months Ended March 31, 2026
Public Cloud$1.7$1.8
Private Cloud29.733.8
Corporate functions5.15.0
Total depreciation expense$36.5$40.6

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Rackspace Technology, Inc.'s corporate functions — total depreciation expense?
Rackspace Technology, Inc. (RXT) reported corporate functions — total depreciation expense of $5M in Q1 2026.
How has Rackspace Technology, Inc.'s corporate functions — total depreciation expense changed year-over-year?
Rackspace Technology, Inc.'s corporate functions — total depreciation expense decreased by 2.0% year-over-year, from $5.1M to $5M.
What is the long-term trend for Rackspace Technology, Inc.'s corporate functions — total depreciation expense?
Over 3 years (2021 to 2024), Rackspace Technology, Inc.'s corporate functions — total depreciation expense has grown at a -25.7% compound annual growth rate (CAGR), from $46.8M to $19.2M.
What does corporate functions — total depreciation expense mean?
This metric represents the total non-cash expense allocated to the corporate functions segment for the systematic reduction in the recorded value of tangible and intangible assets over their useful lives. It reflects the consumption of shared corporate infrastructure, such as office facilities, administrative hardware, and enterprise software systems, that support the broader organization. Monitoring this expense helps investors understand the capital intensity and overhead cost structure associated with the company's centralized administrative and support operations.

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