Rackspace Technology Inc 2025年度报告

FORM 10-K (Mark one)UANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934For the fiscal year ended December 31, 2025. OR TRANSITION REPORTPURSUANTTO SECTION13OR15(d)OFTHE SECURITIES EXCHANGEACTOF1934Forthetransitionperiodfromto CommissionFileNumber:001-39420 RACKSPACE TECHNOLOGY. INC. (Exact name of registrant as specified in its charter) Delaware81-3369925(State or other jurisdiction of incorporation or(IRSEmployer IdentificationNo.)organization)19122 US Highway 281 N.Suite128San Antonio, Texas 78258(Address of principal executive offices, including zip code)1-800-961-4454(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesNo Indicate bycheck mark if theregistrant is not required tofile reports pursuantto Section 13or Section15(d)of theAct.Yes No Indicatebycheckmark whethertheregistrant (1)hasfiled all reports required tobefiledby Section13 or15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was requiredto file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes No Indicateby check mark whether the registrant has submitted electronically every Interactive Data File required tobesubmittedpursuanttoRule405ofRegulationS-T(232.405of thischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smallerreporting company,or an emerging growth company.See definitions of"largeaccelerated filer,""accelerated filer,""smaller reporting company,"and"emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filerAccelerated filerNon-accelerated filer口Smaller reporting company团Emerginggrowth company If an emerging growth company, indicate by check mark ifthe registrant has elected not to use the extended transitionExchangeAct. Indicate by check mark whetherthe registrant hasfiled a report on and attestation to its management's assessment ofthe effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b))by theregistered public accounting firm that prepared or issued its audit report. If securities are registered pursuant to Section 12(b) ofthe Act, indicate by check mark whether the financialstatements oftheregistrant included in thefiling reflect the correction of an errorto previously issued financial statements.口 Indicate by check mark whether any ofthose error corrections are restatements that required a recovery analysis ofincentive-based compensation received by any of the registrant's executive officers during the relevant recovery periodpursuant to s240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).YesNo团 The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as ofJune 30, 2025, the last business day of our most recently completed second fiscal quarter, was S131 million based upon the On March 2,2026,246,914,399 shares ofthe registrant's common stock,par value S0.01 per share, were outstanding. DOCUMENTSINCORPORATEDBYREFERENCE Portions of the registrant's definitive Proxy Statement relating to the 2026 Annual Meeting of Stockholders areincorporated herein by reference into Part II of this Annual Report on Form 10-K to the extent stated herein. Such ProxyStatementwill befiled withtheSecurities andExchangeCommission within120days of theregistrant'sfiscal yearendedDecember31,2025. RACKSPACETECHNOLOGY,INC.TABLE OF CONTENTS PARTI Item 1.BusinessItem 1A.Risk FactorsItem IB.Unresolved Staff CommentsItem 1C.CybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.MineSafetyDisclosures PART II Item 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity49SecuritiesItem 6.[Reserved]50Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations51Item 7A.Quantitative and Qualitative Disclosures About Market Risk87Item 8.Financial Statements and SupplementaryData88Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure155Item 9A.Controls and Procedures155Item 9B.OtherInformation156Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections156 PART III Item 10.Directors,ExecutiveOfficersandCorporateGovernance157Item 11.Executive Compensation157Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters157Item 13.Certain Relationships and Related Transactions, and Director Independence157Item 14.PrincipalAccountantFees and Services157