secwatch.observer — SEC 8-K summary
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Issuer:     XBP Global Holdings, Inc. (XBP)
CIK:        0001839530
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001104659-26-036517
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/0001104659-26-036517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839530/000110465926036517/xbp-20260330x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-036517

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