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| Date | Value |
|---|---|
| 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 |