--- 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. ### Related Stocks - [XBP.US](https://longbridge.com/en/quote/XBP.US.md) - [XBPEW.US](https://longbridge.com/en/quote/XBPEW.US.md) ## Related News & Research - [INTEG_B: Strong sales growth, higher S1 volumes, and positive EBITDA signal accelerating profitability](https://longbridge.com/en/news/297863807.md) - [Iomart publishes 2026 annual report](https://longbridge.com/en/news/297739507.md) - [INTEK: Double-digit revenue and EBITDA growth, strategic acquisitions, and a successful listing drove strong H1 2026 results](https://longbridge.com/en/news/297868837.md) - [Alexandria Real Estate Equities declares Q3 2026 dividend of R$ 0.63 per unit](https://longbridge.com/en/news/297928934.md) - [WOOF: Q2 2026 delivered stable sales, improved margins, and higher EBITDA, with guidance reaffirmed](https://longbridge.com/en/news/297824838.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**