Rackspace Technology, Inc.
RXT · Services-Computer Programming, Data Processing, Etc. · 249.2M shares · +7%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$34M (gross $31M, SBC $65M)
Reference price $5.56 · est. market cap ~$1.4B — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48Cloud/managed-services company — low-margin with operating losses, weak liquidity, and negative equity, but positive free cash flow.
Strengths
- Positive free cash flow — FCF $91M (43rd)
Risks
- Low margins, operating losses — gross margin 19% (10th), operating margin -4%
- Weak liquidity, negative equity — current ratio 0.68 (4th), D/E artifact
- Secular cloud-migration pressure — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -8.4%)
- Weak liquidityCurrent ratio 0.68 (<1)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Negative equityNegative book equity (debt/equity -2.23)
- Strong balance sheetStrong balance sheet — $106M cash & investments
- Insider sellingInsider selling — 10 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$2M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
18.9%
Operating margin
-3.7%
Net margin
-8.4%
Return on equity
18.5%
Return on assets
-8.1%
ROIC
-5.3%
Revenue growth (QoQ)
-0.7%
Debt / equity
-2.2×
Current ratio
0.7×
Free cash flow
$91M
Tangible book value
-$2.7B
Cash & investments
$106M
Stock comp / revenue
1.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Roberts Anthony C. | Tax withheld | 35K | $7.22 |
| 2026-06-18 | Roberts Anthony C. | Grant | 38K | — |
| 2026-06-18 | Scott Anthony | Grant | 38K | — |
| 2026-06-18 | Garber Mitchell Alan | Grant | 38K | — |
| 2026-06-18 | BENJAMIN JEFFREY D | Grant | 71K | — |
| 2026-06-04 | Kandiah Gajakarnan Vibushanan | Tax withheld | 8.1K | $5.92 |
| 2026-06-04 | TEAL-GUESS KELLIE | Sell | 34K | $5.56 |
| 2026-06-04 | Marino Mark A. | Sell | 48K | $5.56 |
| 2026-06-04 | SINHA DHARMENDRA KUMAR | Sell | 48K | $5.56 |
| 2026-05-18 | TEAL-GUESS KELLIE | Sell | 113K | $5.12 |
| 2026-04-03 | Kandiah Gajakarnan Vibushanan | Grant | 200K | — |
| 2026-04-03 | TEAL-GUESS KELLIE | Grant | 444K | — |
| 2026-04-03 | SINHA DHARMENDRA KUMAR | Grant | 1.1M | — |
| 2026-04-03 | Marino Mark A. | Grant | 806K | — |
| 2026-03-18 | Marino Mark A. | Sell | 14K | $1.81 |
| 2026-03-18 | SINHA DHARMENDRA KUMAR | Sell | 188K | $1.81 |
| 2026-03-02 | TEAL-GUESS KELLIE | Sell | 21K | $1.81 |
| 2026-03-02 | Marino Mark A. | Sell | 20K | $1.81 |
| 2026-03-02 | SINHA DHARMENDRA KUMAR | Sell | 45K | $1.81 |
| 2026-02-23 | Marino Mark A. | Sell | 235K | $1.63 |
| 2025-12-01 | Marino Mark A. | Tax withheld | 19K | $1.02 |
| 2025-12-01 | TEAL-GUESS KELLIE | Sell | 18K | $1.01 |
| 2025-12-01 | SINHA DHARMENDRA KUMAR | Sell | 59K | $1.01 |
| 2025-11-28 | SINHA DHARMENDRA KUMAR | Sell | 91K | $1.04 |
| 2025-09-15 | Maletira Amar | Sell | 1.8M | $1.35 |
| 2025-09-13 | Maletira Amar | Grant | 483K | — |
| 2025-09-08 | Scott Anthony | Sell | 40K | $1.43 |
| 2025-09-04 | Kandiah Gajakarnan Vibushanan | Grant | 4.0M | — |
| 2025-09-01 | Koushik Srini | Tax withheld | 28K | $1.26 |
| 2025-09-01 | SINHA DHARMENDRA KUMAR | Tax withheld | 56K | $1.26 |
| 2025-09-01 | TEAL-GUESS KELLIE | Tax withheld | 17K | $1.26 |
| 2025-09-01 | Marino Mark A. | Tax withheld | 19K | $1.26 |
| 2025-09-01 | Maletira Amar | Tax withheld | 128K | $1.26 |
| 2025-08-15 | Koushik Srini | Tax withheld | 11K | $1.17 |
| 2025-07-18 | SINHA DHARMENDRA KUMAR | Tax withheld | 148K | $1.45 |
| 2025-06-20 | Samant Shashank | Grant | 75K | — |
| 2025-06-20 | ATKINS BETSY S | Grant | 75K | — |
| 2025-06-20 | BENJAMIN JEFFREY D | Grant | 94K | — |
| 2025-06-20 | Garber Mitchell Alan | Grant | 75K | — |
| 2025-06-20 | Gross Mark | Grant | 75K | — |
| 2025-06-20 | Scott Anthony | Grant | 75K | — |
| 2025-06-20 | Roberts Anthony C. | Grant | 75K | — |
| 2025-06-20 | Roberts Anthony C. | Tax withheld | 24K | $1.20 |
| 2025-06-01 | Maletira Amar | Tax withheld | 126K | $1.14 |
| 2025-06-01 | Marino Mark A. | Tax withheld | 19K | $1.14 |
| 2025-06-01 | TEAL-GUESS KELLIE | Tax withheld | 17K | $1.14 |
| 2025-06-01 | Koushik Srini | Tax withheld | 28K | $1.14 |
| 2025-06-01 | SINHA DHARMENDRA KUMAR | Tax withheld | 56K | $1.14 |
| 2025-05-17 | TEAL-GUESS KELLIE | Tax withheld | 99K | $1.24 |
| 2025-04-04 | Maletira Amar | Grant | 1.8M | — |
| 2025-04-04 | Marino Mark A. | Grant | 566K | — |
| 2025-04-04 | SINHA DHARMENDRA KUMAR | Grant | 802K | — |
| 2025-04-04 | TEAL-GUESS KELLIE | Grant | 311K | — |
| 2025-04-04 | Koushik Srini | Grant | 472K | — |
| 2025-03-17 | Koushik Srini | Sell | 74K | $1.87 |
| 2025-03-17 | Maletira Amar | Sell | 522K | $1.87 |
| 2025-03-17 | Marino Mark A. | Sell | 20K | $1.87 |
| 2025-03-17 | SINHA DHARMENDRA KUMAR | Sell | 176K | $1.87 |
| 2025-03-05 | Marino Mark A. | Sell | 57K | $2.34 |
| 2025-03-03 | TEAL-GUESS KELLIE | Sell | 5.4K | $2.37 |
| 2025-03-03 | Koushik Srini | Sell | 9.2K | $2.37 |
| 2025-03-03 | Maletira Amar | Sell | 38K | $2.37 |
| 2025-03-03 | SINHA DHARMENDRA KUMAR | Sell | 17K | $2.37 |
| 2025-02-28 | Marino Mark A. | Sell | 95K | $2.34 |
| 2025-02-24 | Marino Mark A. | Sell | 202K | $2.61 |
| 2025-01-27 | Marino Mark A. | Sell | 14K | $2.34 |
| 2025-01-23 | BENJAMIN JEFFREY D | Grant | 8.6K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001810019-26-000061 ↗ |
| 8-K | 2026-06-16 | 2026-06-10 | 0001810019-26-000058 ↗ |
| 8-K | 2026-06-16 | 2026-06-16 | 0001810019-26-000059 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001810019-26-000044 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001810019-26-000041 ↗ |
| 8-K | 2026-04-03 | 2026-03-31 | 0001810019-26-000021 ↗ |
| 10-K | 2026-03-06 | 2025-12-31 | 0001810019-26-000015 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001810019-26-000005 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001810019-25-000153 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001810019-25-000151 ↗ |
| 8-K | 2025-09-26 | 2025-09-24 | 0001810019-25-000148 ↗ |
| 8-K/A | 2025-09-11 | 2025-08-30 | 0001810019-25-000138 ↗ |