Filing Flows › Rackspace Technology (RXT) › Q1 2026 › vs Q4 2025
Rackspace Technology (RXT) Q1 2026 vs Q4 2025 (quarter over quarter)
Rackspace Technology's revenue fell $4.7M (-0.7%) from $683M in Q4 2025 to $678M in Q1 2026.
Rackspace Technology, Q1 2026: revenue $678M (+2% year over year), operating margin -2.6%, net earnings $8.3M, operating cash flow $5.1M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $678M | $683M | −$4.7M | -0.7% |
| Other income, net | $26.0M | −$26.3M | $52.3M | — |
| Income tax benefit | $100K | −$3.1M | $3.2M | — |
| Costs & expenses | $704M | $716M | −$11.3M | -2% |
| Operating costs | $696M | $686M | $9.8M | +1% |
| Net earnings | $8.3M | −$32.7M | $41.0M | — |
| Cost of revenue | $559M | $562M | −$3.4M | -0.6% |
| Operating expenses | $137M | $124M | $13.2M | +11% |
| Operating cash sources | $55.5M | $46.5M | $9.0M | +19% |
| Depreciation | $40.6M | $74.3M | −$33.7M | -45% |
| Share-based compensation | $6.6M | $4.9M | $1.7M | +35% |
| Working capital & other | $50.4M | −$13.2M | $63.6M | — |
| Operating cash flow | $5.1M | $59.7M | −$54.6M | -91% |
| Capital expenditures | $14.5M | $3.7M | $10.8M | +292% |
| Negative free cash flow (OCF − capex) | $9.4M | −$56.0M | $65.4M | — |
Questions
How much did Rackspace Technology's revenue grow quarter over quarter in Q1 2026?
Rackspace Technology's revenue fell $4.7M (-0.7%) from $683M in Q4 2025 to $678M in Q1 2026.