XBP Global Holdings, Inc. XBP
XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. Our proprietary platforms and agentic AI-driven automation enable our clients to entrust us with their most impactful digital transformations and mission-critical operations. Our operational foundation is further defined by deep domain expertise across industries and the public and private sectors. We possess decades of experience helping clients navigate shifting global regulatory frameworks and supporting compliance with the rigorous standards required by government entities and highly scrutinized industries, including banking, healthcare and insurance. We pair this expertise with platform-agnostic, end-to-end structured workflows that combine AI-driven automation with dedicated human-in-the-loop exception handling and proprietary orchestration software, enabling our clients to transition from labor-intensive, reactive operations to digitally orchestrated, exception-driven workflows. For the period August 1, 2025 to December 31, 2025 (Successor) and January 1, 2025 to July 31, 2025 (Predecessor), we generated $359.4 million and $431.7 million of revenue, respectively. As of December 31, 2025, we served more than 2,500 clients throughout the world.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | — | $872.7M | — | — | — | — |
| Gross profit | — | $188.8M | $39.9M | $43.7M | — | — |
| R&D | — | $300.0K | $900.0K | $1.1M | — | — |
| SG&A | — | — | — | $2.6M | $2.4M | — |
| Operating income | — | -$105.4M | $1.1M | -$1.9M | -$2.7M | — |
| Pre-tax income | — | -$205.1M | -$5.0M | -$5.4M | — | — |
| Income tax | — | $10.0M | $606.0K | $2.6M | — | — |
| Net income | — | -$215.2M | -$13.1M | -$7.9M | -$1.7M | — |
| EPS, basic | — | 0.41 | 0.49 | -0.36 | — | — |
| EPS, diluted | — | 0.41 | 0.49 | -0.36 | — | — |
| Shares, diluted (wtd. avg.) | — | 30.2M | 22.5M | 21.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $11.7M | $11.6M | $53.5M | $7.5M | $2.9M | — |
| Receivables | $112.7M | $18.7M | $42.8M | $34.5M | $35.1M | — |
| Inventory | $6.5M | $7.2M | $4.0M | $4.5M | — | — |
| Total current assets | $192.3M | $124.4M | $49.9M | $70.0M | $220.5K | $25.0K |
| Property, plant and equipment | $28.5M | $13.3M | — | — | — | — |
| Goodwill | $454.2M | $39.7M | $22.8M | $22.0M | $24.0M | — |
| Other intangibles | $320.8M | $132.8M | $1.5M | $1.5M | — | — |
| Total assets | $1.09B | $390.4M | $102.7M | $122.8M | $250.8M | $25.0K |
| Accounts payable | $42.1M | $42.6M | $13.3M | $16.9M | — | — |
| Short-term debt | $34.3M | $1.43B | $3.9M | $5.0M | — | — |
| Total current liabilities | $248.1M | $1.79B | $82.1M | $101.9M | $2.9M | $1.4K |
| Long-term debt | $307.1M | $1.5M | $12.8M | $14.4M | — | — |
| Total liabilities | $681.1M | $1.85B | $115.3M | $149.8M | $10.2M | $1.4K |
| Retained earnings | -$351.1M | $0 | -$11.3M | -$12.3M | -$9.5M | -$1.4K |
| Total equity | $437.1M | -$1.46B | -$1.24B | -$26.9M | -$26.5M | $23.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | — | $23.3M | -$1.5M | $9.9M | — | — |
| Depreciation and amortisation | — | $50.3M | $2.9M | $4.4M | — | — |
| Stock-based compensation | — | $1.6M | — | $49.4K | $146.6K | — |
| Capital expenditure | — | $6.3M | $2.3M | $6.4M | — | — |
| Investing cash flow | — | -$6.5M | -$2.7M | -$6.4M | -$250.0M | — |
| Financing cash flow | — | -$2.8M | -$305.0K | -$1.3M | $250.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-037421.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | $872.7M | — |
| Gross profit | — | — | $43.7M | $39.9M | $188.8M | — |
| Net income | — | -$1.7M | -$7.9M | -$13.1M | -$215.2M | — |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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