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Rackspace Technology, Inc. RXT Public 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 public cloud — goodwill, net?
Rackspace Technology, Inc. (RXT) reported public cloud — goodwill, net of $142.4M in Q2 2026.
How has Rackspace Technology, Inc.'s public cloud — goodwill, net changed year-over-year?
Rackspace Technology, Inc.'s public cloud — goodwill, net decreased by 0.5% year-over-year, from $143.1M to $142.4M.
What is the long-term trend for Rackspace Technology, Inc.'s public cloud — goodwill, net?
Over 2 years (2023 to 2025), Rackspace Technology, Inc.'s public cloud — goodwill, net has grown at a -51.1% compound annual growth rate (CAGR), from $2.39B to $570.8M.
What does public cloud — goodwill, net mean?
The carrying value of goodwill for the Public Cloud segment after accounting for all historical impairment losses. It represents the remaining intangible value attributed to acquisitions that has not yet been written off. Investors monitor this to assess the risk of future impairment charges impacting the balance sheet.

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