Quarterly ResultMay 15, 2026, 04:19 PM
XBP Global Q1 Revenue $197.1M; Net Loss $(26.8)M
AI Summary
XBP Global Holdings, Inc. reported a net loss of $26.76 million for the three months ended March 31, 2026, a significant decline from a net profit of $39.62 million in the prior year period. Revenue increased slightly to $197.09 million from $190.50 million year-over-year. The financial statements reflect the impact of the Business Combination and fresh start accounting applied in July 2025, making direct comparisons challenging.
Key Highlights
- Net loss for Q1 2026 was $(26.76) million, compared to a net profit of $39.62 million in Q1 2025.
- Total revenue for Q1 2026 increased to $197.09 million from $190.50 million in Q1 2025.
- Operating loss for Q1 2026 was $(15.08) million, compared to an operating profit of $5.98 million in Q1 2025.
- Total assets decreased to $871.44 million as of March 31, 2026, from $902.10 million at December 31, 2025.
- Total stockholder's equity decreased to $62.56 million as of March 31, 2026, from $87.34 million at December 31, 2025.
- Cash and cash equivalents declined to $28.46 million as of March 31, 2026, from $37.11 million at December 31, 2025.
- Applied Workflow Automation segment revenue was $178.43 million in Q1 2026.
- Technology segment revenue was $18.71 million in Q1 2026.
Price Impact
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