NASDAQ$RXT
Rackspace Technology Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Rackspace Technology reported a decrease in revenue and net loss for the fourth quarter of 2024, with a notable increase in non-GAAP loss per share.
Rackspace Technology reported a fourth-quarter revenue of $686 million, a 5% decrease year-over-year, and a net loss of $60 million. The company exceeded guidance for fourth-quarter revenue, operating profit, and EPS, driven by strong sales execution across both business units, resulting in record-breaking quarterly sales bookings.
- Fourth Quarter Revenue decreased by 5% year-over-year to $686 million.
- Net loss for the fourth quarter was $60 million, compared to a net income of $28 million in the prior year.
- Non-GAAP Operating Profit decreased by 13% to $39 million.
- Fourth Quarter Cash Flow From Operating Activities was $54 million.
Headline financials
Revenue & EPS history
Rackspace · Revenue · Quarterly
$686M
Forward guidance
Rackspace Technology provided Q1 2025 guidance with expected revenue between $653 million and $665 million, and non-GAAP EPS between -$0.07 and -$0.09.
Tailwinds
- Expected Non-GAAP Operating Profit between $19 million and $21 million.
- Anticipated Non-GAAP Tax Expense Rate of 26%.
- Projected Non-GAAP Weighted Average Shares of 245 million.
Headwinds
- Expected revenue decrease compared to Q4 2024.
- Anticipated Non-GAAP Loss Per Share between ($0.07) and ($0.09).
- Projected Non-GAAP Other Income (Expense) between ($46) million and ($50) million.
- Non-GAAP Operating Profit is expected to be lower than Q4 2024.
- Private Cloud Revenue is expected to decrease to between $247 million and $253 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+2.3%
Avg return
Earnings day
+1.8%
Avg return
5 days after
-6.8%
Avg return
30 days after
48%
12 / 25 earnings
Positive
+67.4%
Q4 2025
Best reaction
-20.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +55.5% | +63.2% | +33.1% | |
| Q4 2025 | +67.4% | +82.2% | -22.2% | |
| Q3 2025 | -15.3% | -18.5% | -30.1% | |
| Q1 2025 | -13.4% | -11.1% | -18.1% | |
| Q4 2024 | +0.7% | -9.0% | -35.1% | |
| Q3 2024 | +8.6% | -13.3% | -10.4% | |
| Q2 2024 | +6.1% | +13.2% | -0.5% | |
| Q1 2024 | +5.9% | +11.3% | +17.7% | |
| Q4 2023 | -14.8% | +14.9% | +13.0% | |
| Q3 2023 | -1.8% | -10.0% | +7.9% | |
| Q2 2023 | +13.6% | +6.6% | +0.9% | |
| Q1 2023 | -14.0% | -18.7% | +16.2% | |
| Q4 2022 | -2.6% | -14.2% | -35.8% | |
| Q3 2022 | +22.1% | +17.5% | -33.4% | |
| Q2 2022 | -17.6% | -18.2% | -29.7% | |
| Q1 2022 | -10.9% | +4.0% | -13.3% | |
| Q4 2021 | -20.6% | -6.5% | -7.3% | |
| Q3 2021 | +12.5% | +3.4% | -9.4% | |
| Q2 2021 | -14.5% | -17.0% | -12.7% | |
| Q1 2021 | -19.9% | -18.0% | -10.8% | |
| Q4 2020 | -14.8% | -14.0% | -1.8% | |
| Q3 2020 | -1.7% | -7.2% | +13.1% | |
| Q4 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2019 | +8.6% | +1.4% | -0.2% | |
| Q2 2020 | +8.6% | +1.4% | -0.2% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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