RXT (RXT) financial statements
RXT reported revenue of $2.7B in fiscal 2025, up 1.3% a year over 7 years.
Net income was -$226M and the operating margin -3.7%, against -9.7% in 2018.
Free cash flow was $91M.
The diluted share count rose 44% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from RXT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.7B | $3.0B | $3.1B | $3.0B | $2.7B | $2.7B |
| Cost of revenue | $1.4B | $1.4B | $1.7B | $2.1B | $2.3B | $2.3B | $2.2B | $2.2B |
| Gross profit | $1.0B | $1.0B | $984M | $937M | $857M | $629M | $533M | $506M |
| Research and development | $75M | $56M | $37M | $28M | $24M | $44M | $45M | $39M |
| Selling, general and admin | $949M | $912M | $960M | $907M | $855M | $767M | $708M | $607M |
| Operating income | -$237M | $102M | $25M | -$2M | -$679M | -$899M | -$909M | -$101M |
| Interest expense | $281M | $330M | $268M | $205M | $208M | $222M | $98M | $83M |
| Pre-tax income | -$500M | -$122M | -$312M | -$249M | -$898M | -$854M | -$882M | -$202M |
| Income tax | -$30M | -$20M | -$66M | -$31M | -$93M | -$17M | -$23M | $24M |
| Net income | -$471M | -$102M | -$246M | -$218M | -$805M | -$838M | -$858M | -$226M |
| EPS (diluted) | -$2.85 | -$0.62 | -$1.37 | -$1.05 | -$3.81 | -$3.89 | -$3.82 | -$0.95 |
| Diluted shares | 165M | 165M | 180M | 208M | 211M | 215M | 225M | 239M |
| Gross margin | 41.1% | 41.5% | 36.4% | 31.1% | 27.4% | 21.3% | 19.5% | 18.9% |
| Operating margin | -9.7% | 4.2% | 0.9% | -0.1% | -21.7% | -30.4% | -33.2% | -3.7% |
| Net margin | -19.2% | -4.2% | -9.1% | -7.3% | -25.8% | -28.3% | -31.4% | -8.4% |
Balance sheet
Fiscal years, from RXT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $254M | $84M | $105M | $273M | $228M | $197M | $144M | $106M |
| Receivables | — | $350M | $483M | $554M | $622M | $340M | $299M | $266M |
| Total current assets | — | $544M | $758M | $990M | $1.1B | $738M | $619M | $518M |
| Property, plant and equipment | — | $728M | $885M | $827M | $628M | $609M | $601M | $596M |
| Goodwill | $2.5B | $2.7B | $2.8B | $2.7B | $2.2B | $1.5B | $736M | $740M |
| Total assets | — | $6.3B | $6.4B | $6.3B | $5.5B | $4.1B | $3.1B | $2.8B |
| Total current liabilities | — | $672M | $742M | $837M | $856M | $800M | $767M | $767M |
| Long-term debt | — | $3.8B | $3.3B | $3.3B | $3.3B | $2.8B | $2.8B | $2.7B |
| Total liabilities | — | $5.4B | $5.0B | $5.0B | $4.8B | $4.3B | $4.1B | $4.0B |
| Shareholders' equity | $908M | $899M | $1.4B | $1.3B | $630M | -$154M | -$1.0B | -$1.2B |
| Net debt | -$254M | $3.8B | $3.3B | $3.1B | $3.1B | $2.7B | $2.6B | $2.6B |
Cash flow
Fiscal years, from RXT's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $430M | $293M | $117M | $371M | $247M | $375M | $40M | $151M |
| Capital spending | $294M | $198M | $116M | $108M | $80M | $97M | $111M | $61M |
| Free cash flow | $136M | $95M | $200,000 | $262M | $166M | $278M | -$71M | $91M |
| Stock-based compensation | $20M | $30M | $74M | $75M | $70M | $65M | $63M | $45M |
| Share buybacks (net) | $0 | -$2M | $0 | $0 | -$31M | $0 | $0 | — |
| Net borrowing | -$31M | -$95M | -$591M | -$39M | -$23M | -$192M | $112M | -$43M |
| Free cash flow margin | 5.5% | 3.9% | 0.0% | 8.7% | 5.3% | 9.4% | -2.6% | 3.4% |
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Open RXT in InvestinglyQuestions
What was RXT's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does RXT generate?
$91M in fiscal 2025 (operating cash flow minus capital spending).
From RXT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.