Rackspace Technology (RXT) Amortization of Goodwill (2021 - 2024)

Rackspace Technology (RXT) posted Amortization of Goodwill of $72.5 million for Q3 2024, down 81.19% sequentially from $385.4 million in Q1 2024, and down 56.25% YoY from $165.7 million in Q4 2023.

Rackspace Technology (RXT) Amortization of Goodwill (2021 - 2024) Analysis & Trends

Rackspace Technology (RXT) has 4 years of Amortization of Goodwill data on file, last reported at $72.5 million in Q3 2024.

  • Quarterly Amortization of Goodwill fell 56.25% year-over-year to $72.5 million in Q3 2024, while the trailing twelve-month figure through Jun 2025 was $72.5 million (down 86.84% YoY) and the FY2024 annual result came in at $714.9 million, up 0.86% from the prior year.
  • Amortization of Goodwill declined to $72.5 million in Q3 2024 per RXT's latest filing, from $385.4 million in the prior quarter.
  • The five-year high for Amortization of Goodwill was $405.2 million in Q3 2022, with the low at $52.4 million in Q4 2021.
  • Average Amortization of Goodwill over 4 years is $211.8 million, with a median of $165.7 million recorded in 2023.
  • Year-over-year, Amortization of Goodwill jumped 146.76% in 2022 and tumbled 59.11% in 2023.
  • Rackspace Technology's Amortization of Goodwill stood at $52.4 million in 2021, then jumped by 146.76% to $129.3 million in 2022, then advanced by 28.15% to $165.7 million in 2023, then sank by 56.25% to $72.5 million in 2024.
  • Business Quant data shows RXT's Amortization of Goodwill at $72.5 million in Q3 2024, $385.4 million in Q1 2024, and $165.7 million in Q3 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn
10 Rackspace Technology 1.60 Bn 1.50 Bn 119.10 Mn

Historic Data

Download Data
DateValue
Sep 30, 2024 72.50 Mn
Sep 30, 2024 72.50 Mn
Mar 31, 2024 385.40 Mn
Mar 31, 2024 385.40 Mn
Sep 30, 2023 165.70 Mn
Sep 30, 2023 165.70 Mn
Mar 31, 2023 272.30 Mn
Mar 31, 2023 272.30 Mn
Dec 31, 2022 129.30 Mn
Dec 31, 2022 129.30 Mn
Sep 30, 2022 405.20 Mn
Sep 30, 2022 405.20 Mn
Dec 31, 2021 52.40 Mn
Dec 31, 2021 52.40 Mn