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Rackspace Technology, Inc. RXT Private Cloud — Goodwill, net

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Other financials

Income statement

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Revenue$670.1M+0.6%
Gross profit$114.8M-11.1%
Operating income-$33.2M-32.3%
Net income-$67.5M-23.9%
EPS (diluted)-$0.27-17.4%

Balance sheet

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Cash & equivalents$113.3M+7.2%
Total debt$3.3B-0.5%
Total equity-$1.3B-14.5%
Total assets$2.7B-5.2%

Cash flow

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Operating cash flow-$31.5M-475%
CapEx$16.8M-19.2%
Free cash flow-$48.3M-290%

Valuation

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Market cap$1.24B+333%
Enterprise value$4.39B+27.0%
P/S0.5×+0.4×

Profitability

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Gross margin17.9%-1.6pp
Operating margin-3.3%-1.3pp
Net margin-5.9%-2.1pp
FCF margin1.5%

Returns & leverage

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Return on equity-205.2%-222pp
Debt / equity117.7×+115×
Current ratio0.8×0.0×

Where this comes from

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

Tagged under the XBRL concept us-gaap:Goodwill.

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

Filed
Aug 10, 2026, 4:26 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001810019-26-000093
(In millions)Public CloudPrivate CloudTotal
Gross goodwill as of December 31, 2025$597.5$1,566.3$2,163.8
Less: impairment charges(454.6)(969.1)(1,423.7)
Goodwill, net as of December 31, 2025142.9597.2740.1
Foreign currency translation(0.5)(0.9)(1.4)
Goodwill, net as of June 30, 2026$142.4$596.3$738.7
Gross goodwill as of June 30, 2026$597.0$1,565.4$2,162.4
Less: accumulated impairment charges (1)(454.6)(969.1)(1,423.7)
Goodwill, net as of June 30, 2026$142.4$596.3$738.7

ITEM 1 - FINANCIAL STATEMENTS

FAQ

What is Rackspace Technology, Inc.'s private cloud — goodwill, net?
Rackspace Technology, Inc. (RXT) reported private cloud — goodwill, net of $596.3M in Q2 2026.
How has Rackspace Technology, Inc.'s private cloud — goodwill, net changed year-over-year?
Rackspace Technology, Inc.'s private cloud — goodwill, net decreased by 0.3% year-over-year, from $598M to $596.3M.
What is the long-term trend for Rackspace Technology, Inc.'s private cloud — goodwill, net?
Over 2 years (2023 to 2025), Rackspace Technology, Inc.'s private cloud — goodwill, net has grown at a -20.2% compound annual growth rate (CAGR), from $3.75B to $2.39B.
What does private cloud — goodwill, net mean?
The remaining carrying value of goodwill for the Private Cloud segment after accounting for all historical impairment losses. It represents the current balance sheet value of intangible assets acquired through business combinations that are expected to provide future economic benefits.

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