secwatch.observer — SEC 8-K summary
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Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001104659-25-112647
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000110465925112647/0001104659-25-112647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000110465925112647/xbp-20251114x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-112647

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer