---
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"
generated_at: "2026-05-15T08:26:27.050854+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XBP Global Q4 revenue falls 15.1% pro forma; full-year GAAP net income $1.1B on acquisition

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1839530/000110465926036517/0001104659-26-036517-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/xbp-20260330x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-036517
- JSON: https://secwatch.observer/filing/0001104659-26-036517.json
- Plain text: https://secwatch.observer/filing/0001104659-26-036517.txt

## Key facts
- Earnings Releases
  XBP Global Holdings, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $207.0 million.
  - Period: the fourth quarter ended December 31, 2025
  - Revenue: $207.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm
- Earnings Releases
  XBP Global Holdings, Inc. reported the fiscal year ended December 31, 2025 results: revenue $791.0 million, net income $1.1 billion.
  - Period: the fiscal year ended December 31, 2025
  - Revenue: $791.0 million
  - Net income: $1.1 billion
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm

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