---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-112647"
form_type: "8-K"
ticker: "XBP"
cik: "0001839530"
company_name: "XBP Global Holdings, Inc."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:54:56.947762+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XBP Global reports Q3 revenue $209.1M, down 10.4% YoY; pro forma EBITDA up 7.4%

## Summary
- As-reported revenue $209.1M, -10.4% YoY; pro forma revenue $220.4M, -18.1%.
- Gross margin 22.0%, +310 bps; pro forma gross margin 21.9%, +190 bps.
- Pro forma adjusted EBITDA $24.7M, +7.4% YoY; margin 11.2%, +260 bps.
- Acquired Exela BPA on July 29, 2025; issued ~81.8M shares at $4.98/share for $585.7M valuation.
- Applied Workflow Automation revenue $189.4M (-14%); Technology $19.7M (+50.3%).

## SEC filing metadata
- accession: 0001104659-25-112647
- form_type: 8-K
- ticker: XBP
- cik: 0001839530
- company_name: XBP Global Holdings, Inc.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839530/000110465925112647/0001104659-25-112647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839530/000110465925112647/xbp-20251114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-112647
- JSON: https://secwatch.observer/filing/0001104659-25-112647.json
- Plain text: https://secwatch.observer/filing/0001104659-25-112647.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.