HIGHOutside partyCounterparty
third-party cloud platform providers
“10-K Item 1A: 'Our business is highly dependent on our ability to maintain favorable relationships with third-party cloud platform providers'”
RXT · Concentration risk · 10-K extracted
Rackspace Technology (RXT) concentration risks
Updated
The most significant concentration Rackspace Technology discloses is third-party cloud platform providers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Rackspace Technology’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Rackspace Technology's principal concentration risk is a counterparty dependency rather than a customer or geographic one: the company discloses that its business is highly dependent on maintaining favorable relationships with third-party cloud platform providers, a high-share exposure given how central those partnerships are to Rackspace's ability to deliver its core managed-cloud services. Because Rackspace's business model is built on wrapping services around other companies' cloud infrastructure rather than owning that infrastructure itself, this dependency is close to structural in practice even though it is framed as a relationship dependency. No specific percentage or named provider concentration is disclosed, but the qualitative language — "highly dependent," "favorable relationships" — signals that a deterioration in commercial terms, competitive positioning, or partnership status with one or more of these providers could materially affect Rackspace's ability to operate. For an educated investor, this is the single dominant risk in Rackspace's disclosed concentration profile: the company's fortunes are tied tightly to relationships it does not fully control, with no disclosed customer or geographic diversification mentioned to offset it.
For the engine’s reasoning on RXT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Infrastructure
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AI | C3.ai, Inc. | 1 | 2 | 0 | 3 |
| AEVA | Aeva Technologies, Inc. | 1 | 0 | 0 | 1 |
| RXT● | Rackspace Technology, Inc. | 1 | 0 | 0 | 1 |
| AIOT | PowerFleet, Inc. | 0 | 2 | 0 | 2 |
| ACIW | ACI Worldwide, Inc. | 0 | 0 | 0 | 0 |
| AKAM | Akamai Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.