Condensed Financial Information of Registrant (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Balance Sheets

RACKSPACE TECHNOLOGY, INC. (Parent Company Only)

CONDENSED BALANCE SHEETS

(In millions, except per share data)	December 31, 2023		December 31, 2024
ASSETS
Investment in subsidiaries of Parent	$	(154.5)	$	(1,004.2)
Total assets	$	(154.5)	$	(1,004.2)
LIABILITIES AND STOCKHOLDERS' DEFICIT
Stockholders' deficit:
Preferred stock, $0.01 par value per share: 5.0 shares authorized; no shares issued or outstanding	—		—
Common stock, $0.01 par value per share: 1,495.0 shares authorized; 220.5 and 232.2 shares issued; 217.4 and 229.1 shares outstanding, respectively	2.2		2.3
Additional paid-in capital	2,638.2		2,682.8
Accumulated other comprehensive income	60.3		24.1
Accumulated deficit	(2,824.2)		(3,682.4)
Treasury stock, at cost; 3.1 shares held	(31.0)		(31.0)
Total stockholders' deficit	(154.5)		(1,004.2)
Total liabilities and stockholders' deficit	$	(154.5)	$	(1,004.2)

Schedule of Condensed Statement of Comprehensive Loss

RACKSPACE TECHNOLOGY, INC. (Parent Company Only)

CONDENSED STATEMENTS OF COMPREHENSIVE LOSS

	Year Ended December 31,
(In millions, except per share data)	2022		2023		2024
Equity in net losses in Parent's subsidiaries	$	(804.8)	$	(837.8)	$	(858.2)
Net loss and total comprehensive loss	$	(804.8)	$	(837.8)	$	(858.2)
Net loss per share
Basic and diluted	$	(3.81)	$	(3.89)	$	(3.82)
Weighted average number of shares outstanding:
Basic and diluted	211.2		215.3		224.8