---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-007891"
form_type: "8-K"
ticker: "XBP"
cik: "0001839530"
company_name: "XBP Global Holdings, Inc."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T05:39:20.147605+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XBP Europe Q1 revenue $37.7M, Adj EBITDA $3.7M (+25.6% YoY), net loss $3.9M due to stock comp

## Summary
- Revenue $37.7M, down 1.2% YoY but up 5.7% sequentially; gross margin 30.1% (+380 bps YoY).
- Adj EBITDA $3.7M (+25.6% YoY), margin 9.8% (+210 bps YoY); operating loss $1.8M on $3.8M non-cash stock comp.
- Net loss from continuing ops $3.9M; adjusted net loss $0M vs net loss $0.9M a year ago.
- Cash $9.7M at March 31, 2025; pending non-binding LOI to acquire Exela BPA, pro forma revenue ~$1B.
- Technology segment revenue $11.4M (+16% sequentially); Bills & Payments $26.3M (+1.8% sequentially).

## SEC filing metadata
- accession: 0001558370-25-007891
- form_type: 8-K
- ticker: XBP
- cik: 0001839530
- company_name: XBP Global Holdings, Inc.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839530/000155837025007891/0001558370-25-007891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839530/000155837025007891/xbp-20250515x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-007891
- JSON: https://secwatch.observer/filing/0001558370-25-007891.json
- Plain text: https://secwatch.observer/filing/0001558370-25-007891.txt

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