---
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"
generated_at: "2026-05-14T20:40:32.381733+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-061228
- JSON: https://secwatch.observer/filing/0001104659-26-061228.json
- Plain text: https://secwatch.observer/filing/0001104659-26-061228.txt

## Key facts
- Earnings Releases
  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
  source text: First Quarter 2026 Highlights • Revenue totaled $197.1 million, a decline of 14.2% year-over-year on a pro forma basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839530/000110465926061228/0001104659-26-061228-index.htm

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