---
schema_version: "secwatch.filing_event.v1"
accession: "0001810019-23-000159"
form_type: "8-K"
ticker: "RXT"
cik: "0001810019"
company_name: "Rackspace Technology, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:56:05.934256+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rackspace Q3 revenue down 7% YoY to $732M; net loss $(1.05)/share; guides Q4 down

## Summary
- Revenue $732M (-7% YoY); Private Cloud $300M (-13%), Public Cloud $433M (-3%).
- Net loss $(227)M vs $(512)M YoY; diluted EPS $(1.05); Non-GAAP loss per share $(0.04).
- Non-GAAP operating profit $46M, down 43% YoY; cash from operations $267M in Q3.
- Recorded $214M non-cash impairment charges driven by sustained market cap decline.
- Q4 guidance: revenue $710-720M, Non-GAAP operating profit $46-48M, EPS loss $(0.05)-(0.03).

## SEC filing metadata
- accession: 0001810019-23-000159
- form_type: 8-K
- ticker: RXT
- cik: 0001810019
- company_name: Rackspace Technology, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1810019/000181001923000159/0001810019-23-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1810019/000181001923000159/rxt-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001810019-23-000159
- JSON: https://secwatch.observer/filing/0001810019-23-000159.json
- Plain text: https://secwatch.observer/filing/0001810019-23-000159.txt

## Key facts
- Earnings Releases
  Rackspace Technology, Inc. reported third quarter ended September 30, 2023 results: revenue $732 million, net income $(227) million, EPS $(1.05).
  - Period: third quarter ended September 30, 2023
  - Revenue: $732 million
  - Net income: $(227) million
  - EPS: $(1.05)
  - Result: reported results
  source text: filings, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Rackspace Technology Reports Third Quarter 2023 Results • Revenue of $732 million in the Third Quarter, down 7% Year-over-Year • Private Cloud Revenue was $300 million, down 13% Year-over-Year • Public Cloud Revenue was $433 million, down 3% Year-over-Year •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1810019/000181001923000159/0001810019-23-000159-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.