Rackspace Technology (RXT) Operating Expenses (2019 - 2026)
Rackspace Technology (RXT) posted Operating Expenses of $136.9 million for Q1 2026, up 10.67% sequentially from $123.7 million in Q4 2025, and down 17.18% YoY from $165.3 million in Q1 2025.
Rackspace Technology (RXT) Operating Expenses (2019 - 2026) Analysis & Trends
Rackspace Technology has reported Operating Expenses for 8 years, with the latest figure at $136.9 million in Q1 2026.
- Quarterly Operating Expenses fell 17.18% year-over-year to $136.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $578.7 million (down 14.96% YoY) and the FY2025 annual result came in at $607.1 million, down 14.2% from the prior year.
- Operating Expenses advanced to $136.9 million in Q1 2026 per RXT's latest filing, from $123.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $220.0 million in Q2 2022 and troughed at $123.7 million in Q4 2025.
- A 5-year average of $180.8 million and a median of $177.3 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses climbed 1.17% in 2023, then fell 22.93% in 2025.
- Over 5 years, Operating Expenses stood at $210.3 million in 2022, then fell by 21.3% to $165.5 million in 2023, then decreased by 3.02% to $160.5 million in 2024, then slipped by 22.93% to $123.7 million in 2025, then advanced by 10.67% to $136.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $136.9 million, $123.7 million, and $163.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Rackspace Technology | 881.60 Mn | 771.00 Mn | 114.80 Mn | 148.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 148.00 Mn |
| Mar 31, 2026 | 136.90 Mn |
| Dec 31, 2025 | 123.70 Mn |
| Sep 30, 2025 | 163.80 Mn |
| Jun 30, 2025 | 154.30 Mn |
| Mar 31, 2025 | 165.30 Mn |
| Dec 31, 2024 | 160.50 Mn |
| Sep 30, 2024 | 169.50 Mn |
| Jun 30, 2024 | 185.20 Mn |
| Mar 31, 2024 | 192.40 Mn |
| Dec 31, 2023 | 165.50 Mn |
| Sep 30, 2023 | 177.30 Mn |
| Jun 30, 2023 | 216.90 Mn |
| Mar 31, 2023 | 207.50 Mn |
| Dec 31, 2022 | 210.30 Mn |
| Sep 30, 2022 | 219.90 Mn |
| Jun 30, 2022 | 220.00 Mn |
| Mar 31, 2022 | 205.10 Mn |
| Dec 31, 2021 | 208.60 Mn |
| Sep 30, 2021 | 234.60 Mn |