---
title: "XBP Global reports Q1 2026 revenue $197.1M, net loss $26.8M, normalized EBITDA $15.6M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286464864.md"
description: "XBP Global reported Q1 2026 revenue of $197.1 million, a net loss of $26.8 million, and normalized EBITDA of $15.6 million. The gross margin improved to 22.9%. The company plans to explore strategic alternatives and expects significant operational efficiencies and a 20% reduction in workforce by year-end 2026 as it shifts to an AI-first model. Revenue declined 14.2% year-over-year, but bookings increased by 68.8%."
datetime: "2026-05-14T20:33:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286464864.md)
  - [en](https://longbridge.com/en/news/286464864.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286464864.md)
generator: "portal-rs"
---

# XBP Global reports Q1 2026 revenue $197.1M, net loss $26.8M, normalized EBITDA $15.6M

XBP Global reported first-quarter 2026 results with revenue of $197.1 million and a net loss of $26.8 million. Gross margin improved to 22.9% and Pro Forma Normalized EBITDA was $15.6 million for the quarter. Management announced a board-approved process to explore strategic alternatives and expects significant operational efficiencies and headcount reductions as it shifts to an AI-first operating model.

**Financial Highlights**

-   Revenue: $197.1 million for Q1 2026 (decline of 14.2% year-over-year on a pro forma basis).
-   Gross profit and margin: Gross margin of 22.9% for Q1 2026 (up 70 basis points year-over-year on a pro forma basis).
-   Operating profit (loss): Operating loss of $15.1 million (as reported for the successor consolidated quarter).
-   Net income (loss): Net loss of $26.8 million for Q1 2026.
-   Pro Forma Normalized EBITDA: $15.6 million for the three months ended March 31, 2026 (versus $26.0 million pro forma in Q1 2025).

**Business Highlights**

-   Segment performance: Applied Workflow Automation generated $178.4 million in revenue with a 19.9% gross margin (improving 260 basis points year-over-year); Technology revenue was $18.7 million with a 52.4% gross margin (down 930 basis points year-over-year).
-   Bookings momentum: Closed $108.1 million of total TCV in the quarter (up 68.8% year-over-year) and $27.3 million of new ACV.
-   Operational transformation: Company expects $55–$60 million in annualized operational efficiencies from automation initiatives, with a significant portion implemented in H1 2026.
-   Workforce changes: Company expects approximately a 20% reduction in global headcount by year-end 2026 as it transitions to a high-productivity, AI-first operating model.
-   Strategic review: Board approved a formal process to explore strategic alternatives intended to enhance stakeholder value and provide financial flexibility for growth and AI investments.

Original SEC Filing: XBP Global Holdings, Inc. \[ XBP \] - 8-K - May. 14, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**