{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-036517","form_type":"8-K","ticker":"XBP","cik":"0001839530","company_name":"XBP Global Holdings, Inc.","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.479779+00:00","generated_at":"2026-05-15T08:26:27.050854+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"XBP Global Q4 revenue falls 15.1% pro forma; full-year GAAP net income $1.1B on acquisition","bullets":["Full-year reported revenue $791.0M, down 9.4% YoY; pro forma revenue $879.6M, down 13.6%.","GAAP net income $1.1B vs prior-year loss of $215.2M, driven by BPA acquisition accounting.","Pro forma normalized EBITDA $90.2M, down 13.7% YoY; Q4 pro forma normalized EBITDA $19.2M, down 35%.","Q4 new TCV $60.2M (+53.2% YoY); new ACV $34.8M (+37.7% YoY), above four-quarter averages.","Q4 gross margin expanded 110 bps to 22.7% on pro forma basis, driven by AI-led operating leverage."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-036517","json":"https://secwatch.observer/filing/0001104659-26-036517.json","markdown":"https://secwatch.observer/filing/0001104659-26-036517.md","text":"https://secwatch.observer/filing/0001104659-26-036517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/xbp-20260330x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:26:27.050854+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2f506d6a1d45c8e85ac763563eb89710254a3088","claim":"XBP Global Holdings, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $207.0 million.","evidence_excerpt":"Fourth Quarter 2025 Highlights ● Revenue totaled $207.0 million, a decline of 15.1% year-over-year on a pro forma basis 4 ● Gross margin was 22.7%, a 110 basis point increase year-over-year on a pro forma basis 4 ● Pro Forma Normalized EBITDA 3 of $19.2 million, a decrease of 35.0% year-over-year 4 ● Closed $60.2 million of new TCV, a 53.2% increase year-over-year and 68.4% above the previous four quarter average 4,5 ● Closed $34.8 million of new ACV, a 37.7% increase year-over-year and 46.7% above the previous four quarter average 4,5","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2025"},{"label":"Revenue","value":"$207.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"91db749a1421926b9032db1a07fd4c9d5ce550c0","claim":"XBP Global Holdings, Inc. reported the fiscal year ended December 31, 2025 results: revenue $791.0 million, net income $1.1 billion.","evidence_excerpt":"Full Year 2025 Highlights ● Reported revenue 1 totaled $791.0 million, a decline of 9.4% year-over-year ● Gross margin on a reported basis was 21.7%, a 10 basis point increase year-over-year ● Combined Pro Forma Revenue 2 totaled $879.6 million, a decline of 13.6% year-over-year ● Pro Forma Gross Margin 2 was 21.9%, a 30 basis point increase year-over-year ● GAAP net income of $1.1 billion, compared to a Net Loss of $215.2 million the prior year ● Pro Forma Normalized EBITDA 2,3 of $90.2 million, a decrease of 13.7% year-over-year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2025"},{"label":"Revenue","value":"$791.0 million"},{"label":"Net income","value":"$1.1 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}