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Rackspace Technology, Inc. RXT Public Cloud — Goodwill, Impaired, Accumulated Impairment Loss

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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$1.22B+323%
Enterprise value$4.37B+26.3%
P/S0.5×+0.3×

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:GoodwillImpairedAccumulatedImpairmentLoss.

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 public cloud — goodwill, impaired, accumulated impairment loss?
Rackspace Technology, Inc. (RXT) reported public cloud — goodwill, impaired, accumulated impairment loss of $454.6M in Q2 2026.
How has Rackspace Technology, Inc.'s public cloud — goodwill, impaired, accumulated impairment loss changed year-over-year?
Rackspace Technology, Inc.'s public cloud — goodwill, impaired, accumulated impairment loss decreased by 0.0% year-over-year, from $454.6M to $454.6M.
What does public cloud — goodwill, impaired, accumulated impairment loss mean?
Tracks the cumulative total of impairment charges recognized against goodwill within the Public Cloud segment. A rising balance indicates that the carrying value of acquired assets has been written down due to a decline in expected future cash flows or market conditions. This is a critical indicator of historical overpayment or deteriorating business performance in the cloud sector.

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