---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007867"
form_type: "8-K"
ticker: "XBP"
cik: "0001839530"
company_name: "XBP Global Holdings, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:42:59.736140+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# XBP Europe Q1 revenue down 5.7% to $40.4M; net loss narrows; wins $40M HMPO contract

## Summary
- Revenue $40.4M (down 5.7% YoY); gross margin improved to 24.6% (+250 bps YoY).
- Net loss $2.2M vs $2.5M loss in Q1 2023; operating income $0.1M vs loss $1.0M.
- Technology segment revenue up 24.3% YoY to $11.5M, becoming 28.4% of total revenue.
- Adjusted EBITDA $1.8M (down 23.4% YoY); margin 4.5% vs 5.6%.
- Awarded multi-year UK HMPO contract with total contract value of approx. $40M, expected to go live summer 2024.

## SEC filing metadata
- accession: 0001558370-24-007867
- form_type: 8-K
- ticker: XBP
- cik: 0001839530
- company_name: XBP Global Holdings, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839530/000155837024007867/0001558370-24-007867-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839530/000155837024007867/xbp-20240513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007867
- JSON: https://secwatch.observer/filing/0001558370-24-007867.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007867.txt

## Key facts
- Earnings Releases
  XBP Global Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $40.4 million, net income $2.2 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $40.4 million
  - Net income: $2.2 million
  - Result: reported results
  source text: reference in such a filing. --- EX-99.1 (EX-99.1) --- ​ ​ XBP Europe Holdings, Inc. Reports First Quarter 2024 Results May 13, 2024 First Quarter Highlights ​ ● Revenue of $40.4 million, down 5.7% year-over-year (7.3% on a constant currency basis) ● Gross margin grew to 24.6%, a 270 bps increase sequentially and 250 bps increase year-over-year ● Net loss of $2.2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839530/000155837024007867/0001558370-24-007867-index.htm

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