Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amounts of Goodwill by Reportable Segment

The following table sets forth the changes in the carrying amounts of goodwill by reportable segment.


(In millions)	Public Cloud		Private Cloud		Total
Gross goodwill as of December 31, 2025	$	597.5	$	1,566.3	$	2,163.8
Less: impairment charges	(454.6)		(969.1)		(1,423.7)
Goodwill, net as of December 31, 2025	142.9		597.2		740.1




Foreign currency translation	(0.4)		(0.9)		(1.3)
Goodwill, net as of March 31, 2026	$	142.5	$	596.3	$	738.8

Gross goodwill as of March 31, 2026	$	597.1	$	1,565.4	$	2,162.5
Less: accumulated impairment charges (1)	(454.6)		(969.1)		(1,423.7)
Goodwill, net as of March 31, 2026	$	142.5	$	596.3	$	738.8

(1) On a consolidated basis, gross and net goodwill as of March 31, 2026 was $3,044.4 million and $738.8 million, respectively. Accumulated impairment charges on a consolidated basis was $2,305.6 million as of March 31, 2026.

Schedule of Finite-Lived Intangible Assets Other than Goodwill

The following table provides information regarding our intangible assets other than goodwill:


	December 31, 2025						March 31, 2026
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships	$	1,935.4	$	(1,377.6)	$	557.8	$	1,934.0	$	(1,407.5)	$	526.5

Other	26.7		(26.2)		0.5		26.6		(26.0)		0.6
Total definite-lived intangible assets	1,962.1		(1,403.8)		558.3		1,960.6		(1,433.5)		527.1
Trade name (indefinite-lived)	140.0		—		140.0		140.0		—		140.0
Total intangible assets other than goodwill	$	2,102.1	$	(1,403.8)	$	698.3	$	2,100.6	$	(1,433.5)	$	667.1

Schedule of Indefinite-Lived Intangible Assets Other than Goodwill

The following table provides information regarding our intangible assets other than goodwill:


	December 31, 2025						March 31, 2026
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Customer relationships	$	1,935.4	$	(1,377.6)	$	557.8	$	1,934.0	$	(1,407.5)	$	526.5

Other	26.7		(26.2)		0.5		26.6		(26.0)		0.6
Total definite-lived intangible assets	1,962.1		(1,403.8)		558.3		1,960.6		(1,433.5)		527.1
Trade name (indefinite-lived)	140.0		—		140.0		140.0		—		140.0
Total intangible assets other than goodwill	$	2,102.1	$	(1,403.8)	$	698.3	$	2,100.6	$	(1,433.5)	$	667.1

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Rackspace Technology, Inc. 10-Q