{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-061228","form_type":"8-K","ticker":"XBP","cik":"0001839530","company_name":"XBP Global Holdings, Inc.","filed_at":"2026-05-14T20:29:07+00:00","discovered_at":"2026-05-14T20:30:00.297943+00:00","generated_at":"2026-05-14T20:40:32.381733+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"XBP Global Q1 revenue down 14.2% to $197.1M, net loss $26.8M; Board launches strategic review","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-061228","json":"https://secwatch.observer/filing/0001104659-26-061228.json","markdown":"https://secwatch.observer/filing/0001104659-26-061228.md","text":"https://secwatch.observer/filing/0001104659-26-061228.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926061228/0001104659-26-061228-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926061228/xbp-20260514x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T20:40:32.381733+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":"9b632d6792ab06d7dfa320ec169a332024eb9bc9","claim":"XBP Global Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $197.1 million.","evidence_excerpt":"First Quarter 2026 Highlights • Revenue totaled $197.1 million, a decline of 14.2% year-over-year on a pro forma basis","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1839530/000110465926061228/0001104659-26-061228-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$197.1 million"},{"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"}