Estados financieros detallados de Rackspace Technology, Inc. (RXT): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Rackspace Technology, Inc. registró ingresos de $2.69B en el último ejercicio fiscal, con un CAGR de 5 años del -0.2%.
Márgenes de los últimos 12 meses: margen bruto 13.9%, margen operativo -2.1%, margen neto -5.9%. El flujo de caja libre creció a un CAGR del 239.8% en 5 años.
Al precio actual de $3.48, RXT presenta beneficios negativos (P/E no significativo) y un ROE del 12.97%. La capitalización bursátil es de $884M.
Cuenta de Resultados (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $2.14B | $2.45B | $2.44B | $2.71B | $3.01B | $3.12B | $2.96B | $2.74B | $2.69B |
| Coste de Ventas | $1.35B | $1.45B | $1.43B | $1.72B | $2.07B | $2.27B | $2.31B | $2.20B | $2.33B |
| Beneficio Bruto | $790.6M | $1.01B | $1.01B | $984.4M | $936.8M | $856.9M | $648.6M | $533.4M | $359.5M |
| I+D | $92.9M | $74.7M | 0 | $36.7M | 0 | 0 | $43.7M | 0 | $39.1M |
| Generales y Administrativos | $822.5M | $949.3M | $911.7M | $959.7M | $906.8M | $855.3M | $660.0M | $707.6M | $388.8M |
| Gastos Operativos | $913.4M | $949.3M | $909.6M | $959.7M | $939.3M | $1.54B | $1.55B | $1.44B | $427.9M |
| Beneficio Operativo | -$117.6M | $70.5M | $101.6M | $24.7M | -$2.5M | -$679.0M | -$899.4M | -$909.1M | -$68.4M |
| EBITDA | $629.8M | $393.4M | $774.1M | $479.1M | $446.7M | -$241.7M | -$149.9M | -$420.5M | $288.3M |
| Gastos por Intereses | $223.4M | $281.1M | $329.9M | $268.4M | $205.1M | $208.5M | $221.6M | $98.0M | $127.5M |
| Beneficio Antes de Impuestos | -$360.7M | -$500.5M | -$122.3M | -$312.0M | -$249.1M | -$897.7M | -$854.4M | -$881.5M | -$201.8M |
| Impuestos | -$300.8M | -$29.9M | -$20.0M | -$66.2M | -$30.8M | -$92.9M | -$16.6M | -$23.3M | $24.0M |
| Beneficio Neto | -$59.9M | -$470.6M | -$102.3M | -$245.8M | -$218.3M | -$804.8M | -$837.8M | -$858.2M | -$225.8M |
| BPA | $-3.65 | $-28.70 | $-6.24 | $-1.37 | $-1.05 | $-3.81 | $-3.89 | $-3.82 | $-0.95 |
| BPA Diluido | $-3.65 | $-28.70 | $-6.24 | $-1.37 | $-1.05 | $-3.81 | $-3.89 | $-3.82 | $-0.95 |
| Acciones en Circulación (Diluidas) | $16.4M | $16.4M | $16.4M | $179.6M | $208.0M | $211.2M | $215.3M | $224.8M | $238.7M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $671.2M | $682.8M | $678.1M | $666.3M |
| Beneficio Bruto | $92.4M | $64.7M | $87.8M | $129.2M |
| Beneficio Operativo | -$23.9M | $1.5M | -$8.8M | -$25.1M |
| EBITDA | $64.9M | $91.7M | $126.6M | $9.9M |
| Beneficio Neto | -$67.1M | -$32.7M | $8.3M | -$67.5M |
| BPA | $-0.28 | $-0.13 | $0.03 | $-0.27 |
| BPA Diluido | $-0.28 | $-0.13 | $0.03 | $-0.27 |
Balance (10 años)
| Año | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $254.3M | $83.8M | $104.7M | $272.8M | $228.4M | $196.8M | $144.0M | $105.8M |
| Inversiones a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | $260.5M | $350.3M | $483.0M | $554.3M | $622.2M | $339.7M | $298.8M | $266.5M |
| Inventario | $55.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $614.3M | $543.7M | $758.5M | $989.5M | $1.07B | $738.1M | $618.8M | $517.8M |
| Inmovilizado Material | $927.0M | $1.04B | $1.06B | $988.5M | $766.3M | $735.1M | $735.6M | $740.9M |
| Fondo de Comercio | $2.47B | $2.75B | $2.76B | $2.71B | $2.16B | $1.45B | $735.7M | $740.1M |
| Activos Intangibles | $1.93B | $1.82B | $1.65B | $1.47B | $1.24B | $1.02B | $844.7M | $698.3M |
| Activos Totales | $6.11B | $6.27B | $6.38B | $6.33B | $5.46B | $4.10B | $3.05B | $2.80B |
| Cuentas por Pagar | $233.5M | $260.4M | $285.4M | $369.5M | $447.3M | $432.7M | $389.6M | $413.9M |
| Deuda a Corto | $34.0M | $29.0M | $43.4M | $23.0M | $23.0M | $23.0M | $29.2M | $144.0M |
| Pasivos Corrientes | $565.5M | $671.9M | $742.2M | $837.4M | $856.5M | $799.5M | $766.6M | $766.7M |
| Deuda a Largo | $3.93B | $3.84B | $3.32B | $3.31B | $3.30B | $2.84B | $2.76B | $2.72B |
| Pasivos Totales | $5.20B | $5.37B | $4.99B | $5.00B | $4.83B | $4.25B | $4.06B | $4.02B |
| Reservas | -$671.1M | -$717.5M | -$963.3M | -$1.18B | -$1.99B | -$2.82B | -$3.68B | -$3.91B |
| Patrimonio Neto | $907.8M | $898.8M | $1.38B | $1.33B | $629.5M | -$154.5M | -$1.00B | -$1.22B |
| Deuda Total | $4.30B | $4.32B | $3.99B | $3.97B | $3.85B | $3.38B | $3.28B | $3.28B |
| Deuda Neta | $4.04B | $4.24B | $3.89B | $3.69B | $3.62B | $3.18B | $3.14B | $3.18B |
| Capital Circulante | $48.8M | -$128.2M | $16.3M | $152.1M | $216.7M | -$61.4M | -$147.8M | -$248.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $99.5M | $105.8M | $93.6M | $110.6M |
| Activos Totales | $2.85B | $2.80B | $2.77B | $2.75B |
| Pasivos Totales | $4.03B | $4.02B | $3.98B | $4.03B |
| Patrimonio Neto | -$1.19B | -$1.22B | -$1.22B | -$1.28B |
| Deuda Total | $3.28B | $3.28B | $3.23B | $3.30B |
Flujo de Caja (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$59.9M | -$470.6M | -$102.3M | -$245.8M | -$218.3M | -$804.8M | -$837.8M | -$858.2M | -$225.8M |
| Amortizaciones | $757.9M | $611.0M | $566.5M | $536.9M | $490.7M | $447.6M | $442.9M | $363.0M | $362.6M |
| Compensación en Acciones | $10.2M | $20.0M | $30.2M | $74.5M | $75.4M | $69.5M | $65.4M | $63.4M | $45.1M |
| Cambio en Capital Circulante | -$141.7M | -$22.2M | -$139.1M | -$285.1M | -$30.0M | -$66.9M | $225.1M | -$62.2M | -$61.9M |
| Flujo de Caja Operativo | $291.7M | $429.8M | $292.9M | $116.7M | $370.8M | $259.3M | $374.9M | $39.9M | $151.4M |
| Inversiones (CapEx) | -$189.5M | -$294.3M | -$198.0M | -$116.5M | -$108.4M | -$80.4M | -$96.9M | -$111.1M | -$60.8M |
| Adquisiciones | -$1.06B | -$65.2M | -$299.3M | -$9.5M | $31.3M | -$7.7M | 0 | $16.9M | 0 |
| Recompra de Acciones | 0 | 0 | -$3.3M | -$2.1M | 0 | -$31.0M | -$1.0M | -$4.3M | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $102.2M | $135.5M | $94.9M | $200000 | $262.4M | $178.9M | $278.0M | -$71.2M | $90.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $70.7M | $59.7M | $5.1M | -$31.5M |
| Inversiones (CapEx) | -$28.0M | -$3.7M | -$14.5M | -$16.8M |
| Flujo de Caja Libre | $42.7M | $56.0M | -$9.4M | -$48.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $18.2M | $4.9M | $6.6M | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +14.4% | -0.6% | +11.0% | +11.2% | +3.7% | -5.3% | -7.4% | -1.9% |
| Crecimiento Beneficio Neto (anual) | | -685.6% | +78.3% | -140.3% | +11.2% | -268.7% | -4.1% | -2.4% | +73.7% |
| Crecimiento BPA (anual) | | -686.3% | +78.3% | +78.0% | +23.4% | -262.9% | -2.1% | +1.8% | +75.1% |
| Cambio en Acciones (anual) | | +0.1% | +0.0% | +995.1% | +15.8% | +1.5% | +1.9% | +4.4% | +6.2% |
| Crecimiento FCF (anual) | | +32.6% | -30.0% | -99.8% | +131100.0% | -31.8% | +55.4% | -125.6% | +227.2% |
| Margen Bruto | 36.9% | 41.1% | 41.5% | 36.4% | 31.1% | 27.4% | 21.9% | 19.5% | 13.4% |
| Margen Operativo | -5.5% | 2.9% | 4.2% | 0.9% | -0.1% | -21.7% | -30.4% | -33.2% | -2.5% |
| Margen EBITDA | 29.4% | 16.0% | 31.8% | 17.7% | 14.8% | -7.7% | -5.1% | -15.4% | 10.7% |
| Margen Neto | -2.8% | -19.2% | -4.2% | -9.1% | -7.3% | -25.8% | -28.3% | -31.4% | -8.4% |
| Margen FCF | 4.8% | 5.5% | 3.9% | 0.0% | 8.7% | 5.7% | 9.4% | -2.6% | 3.4% |
| Tasa Impositiva Efectiva | 83.4% | 6.0% | 16.4% | 21.2% | 12.4% | 10.3% | 1.9% | 2.6% | -11.9% |
Datos por Acción (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $6.23 | $8.26 | $5.79 | $0.00 | $1.26 | $0.85 | $1.29 | $-0.32 | $0.38 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $16.4M | $16.4M | $16.4M | $179.6M | $208.0M | $211.2M | $215.3M | $224.8M | $238.7M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 12.97% |
| Rentabilidad sobre capital invertido | -2.62% |
| Rentabilidad sobre activos | -5.79% |
| Margen bruto | 13.86% |
| Margen operativo | -2.09% |
| Margen neto | -5.89% |
Salud financiera
| Deuda / Patrimonio | -2.57 |
| Ratio corriente | 0.76 |
| Piotroski F-Score | 4 |
| Altman Z-Score | -1.15 |
Ratios Clave (10 años)
| Año | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -4.49 | -0.57 | -2.63 | -13.91 | -12.83 | -0.77 | -0.51 | -0.58 | -1.02 |
| P/VC | 0.00 | 0.30 | 0.30 | 2.47 | 2.11 | 0.99 | -2.79 | -0.49 | -0.19 |
| P/V | 0.13 | 0.11 | 0.11 | 1.26 | 0.93 | 0.20 | 0.15 | 0.18 | 0.09 |
| Margen Bruto | 36.9% | 41.1% | 41.5% | 36.4% | 31.1% | 27.4% | 21.9% | 19.5% | 13.4% |
| Margen Operativo | -5.5% | 2.9% | 4.2% | 0.9% | -0.1% | -21.7% | -30.4% | -33.2% | -2.5% |
| Margen Neto | -2.8% | -19.2% | -4.2% | -9.1% | -7.3% | -25.8% | -28.3% | -31.4% | -8.4% |