XBP Global Q1 revenue down 14.2% to $197.1M, net loss $26.8M; Board launches strategic review

XBP Global Holdings, Inc.

Revenue $197.1M, pro forma decline 14.2% YoY; Net loss $26.8M.
Normalized EBITDA $15.6M, down 39.9% YoY pro forma; Gross margin 22.9% (+70 bps).
Closed $108.1M total TCV (+68.8% YoY); new ACV $27.3M (-3.7% YoY).
Expects $55-60M annualized efficiencies from automation; ~20% headcount reduction by end-2026.
Board approved formal process to explore strategic alternatives to enhance stakeholder value.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

XBP Global Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $197.1 million.

Period: the quarter ended March 31, 2026
Revenue: $197.1 million
Result: reported results

Exact text from the filing

First Quarter 2026 Highlights • Revenue totaled $197.1 million, a decline of 14.2% year-over-year on a pro forma basis

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XBP Global Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-061228

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