Rackspace Technology, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, disclosing continued stockholders' deficit and accumulated losses through the third quarter.

Key Highlights

  • Total assets of $2,751.1 million as of September 30, 2026, down from $2,799.8 million at December 31, 2025, according to the filing.
  • Total liabilities reached $4,058.4 million as of September 30, 2026, compared to $4,019.3 million at December 31, 2025.
  • Accumulated deficit of $4,020.9 million as of September 30, 2026, up from $3,908.2 million at year-end 2025.
  • Total stockholders' deficit was $(1,307.3) million at September 30, 2026, compared to $(1,219.5) million at December 31, 2025.
  • Cash and cash equivalents of $108.0 million at September 30, 2026, up slightly from $105.8 million at December 31, 2025.
  • 263,048,856 shares of common stock outstanding as of November 3, 2026, per the filing cover page.
  • Non-current debt of $2,770.2 million as of September 30, 2026, compared to $2,718.7 million at December 31, 2025.

Rackspace Balance Sheet Position Through September 30, 2026

According to the filing, Rackspace Technology, Inc. (NASDAQ:RXT) reported total assets of $2,751.1 million as of September 30, 2026, a decrease from $2,799.8 million at December 31, 2025. The company disclosed that accounts receivable, net of allowance for credit losses and accrued customer credits of $11.1 million, stood at $212.3 million, down from $266.5 million at the prior year-end. Property, equipment and software, net increased to $638.1 million from $596.3 million over the same period.

The filing disclosed that total liabilities grew to $4,058.4 million as of September 30, 2026, from $4,019.3 million at December 31, 2025. Non-current debt rose to $2,770.2 million from $2,718.7 million, while current debt declined to $22.4 million from $27.3 million. Finance lease liabilities, both current and non-current, also increased over the period, with non-current finance lease liabilities reported at $312.7 million compared to $297.7 million at year-end 2025.

The company reported an accumulated deficit of $4,020.9 million as of September 30, 2026, versus $3,908.2 million at December 31, 2025, resulting in a total stockholders' deficit of $(1,307.3) million. Common stock outstanding was 259.2 million shares as of September 30, 2026, with 262.3 million shares issued. The filing noted that 5.0 million preferred shares are authorized, with no shares issued or outstanding. The registrant is classified as an accelerated filer and a smaller reporting company. Forward-looking statements in the filing are the company's own and subject to its cautionary language regarding risks and uncertainties.

What Was Disclosed

Rackspace Technology filed its quarterly report covering the period ended September 30, 2026, disclosing balance sheet data showing a widening stockholders' deficit of $(1,307.3) million, total liabilities of $4,058.4 million, and cash and cash equivalents of $108.0 million.