---
title: "XBP Global | 8-K: FY2026 Q1 Revenue: USD 197.13 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286465677.md"
datetime: "2026-05-14T20:41:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286465677.md)
  - [en](https://longbridge.com/en/news/286465677.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286465677.md)
generator: "portal-rs"
---

# XBP Global | 8-K: FY2026 Q1 Revenue: USD 197.13 M

Revenue: As of FY2026 Q1, the actual value is USD 197.13 M.

EPS: As of FY2026 Q1, the actual value is USD -2.28.

EBIT: As of FY2026 Q1, the actual value is USD -1.012 M.

#### Overall Performance

XBP Global Holdings, Inc. reported total revenue of $197.1 million, a 14.2% decline year-over-year on a pro forma basis for the first quarter of 2026 . The gross margin for the quarter was 22.9%, an increase of 70 basis points year-over-year on a pro forma basis . The company experienced a net loss of - $26.8 million . Normalized EBITDA stood at $15.6 million, a decrease of 39.9% year-over-year on a pro forma basis . Total Contract Value (TCV) closed amounted to $108.1 million, representing a 68.8% increase year-over-year . New Annual Contract Value (ACV) closed was $27.3 million, a 3.7% decrease year-over-year .

#### Segment Revenue and Gross Margin (Pro Forma)

-   **Applied Workflow Automation**:
    -   Revenue for Q1 2026 was $178,426 thousand, down from $204,253 thousand in Q1 2025, reflecting a -12.6% year-over-year change .
    -   Gross Margin was 19.9% in Q1 2026, an increase of 260 basis points from 17.3% in Q1 2025 .
-   **Technology**:
    -   Revenue for Q1 2026 was $18,706 thousand, down from $25,431 thousand in Q1 2025, a -26.4% year-over-year change .
    -   Gross Margin was 52.4% in Q1 2026, a decrease of 930 basis points from 61.7% in Q1 2025 .
-   **Total Segments**:
    -   Total Revenue was $197,132 thousand in Q1 2026, compared to $229,686 thousand in Q1 2025, a -14.2% year-over-year change .
    -   Total Gross Margin was 22.9% in Q1 2026, an increase of 70 basis points from 22.2% in Q1 2025 .

#### Operational Metrics (Three Months Ended March 31)

-   **Revenue**: $197,085 thousand in 2026, compared to $190,495 thousand in 2025 .
-   **Cost of Revenue**: $151,897 thousand in 2026, compared to $150,645 thousand in 2025 .
-   **Selling, General and Administrative Expenses**: $42,814 thousand in 2026, compared to $22,262 thousand in 2025 .
-   **Depreciation and Amortization**: $14,849 thousand in 2026, compared to $10,535 thousand in 2025 .
-   **Operating Profit (Loss)**: - $15,081 thousand in 2026, compared to $5,984 thousand in 2025 .
-   **Interest Expense, Net**: $14,069 thousand in 2026, compared to $23,780 thousand in 2025 .
-   **Net Profit (Loss)**: - $26,762 thousand in 2026, compared to $39,623 thousand in 2025 .

#### Cash Flow (Three Months Ended March 31)

-   **Net Cash Used in Operating Activities**: - $5,045 thousand in 2026, an improvement from - $43,719 thousand in 2025 .
-   **Net Cash Used in Investing Activities**: - $1,556 thousand in 2026, compared to - $1,773 thousand in 2025 .
-   **Net Cash Provided by (Used in) Financing Activities**: - $8,453 thousand in 2026, compared to $38,253 thousand in 2025 .
-   **Cash, Restricted Cash and Cash Equivalents at End of Period**: $53,103 thousand in 2026, compared to $56,936 thousand in 2025 .

#### Balance Sheet Highlights

-   **Total Assets**: $871,441 thousand as of March 31, 2026, down from $902,097 thousand as of December 31, 2025 .
-   **Total Liabilities**: $808,881 thousand as of March 31, 2026, down from $814,758 thousand as of December 31, 2025 .
-   **Total Stockholders’ Equity**: $62,560 thousand as of March 31, 2026, down from $87,339 thousand as of December 31, 2025 .

#### Outlook / Guidance

XBP Global Holdings, Inc. expects $55 million to $60 million in annualized operational efficiencies through company-wide automation, with significant actions in the first half of 2026 . The company also projects an approximate 20% reduction in global headcount by the end of 2026, contingent on automation initiatives . Furthermore, XBP’s Board of Directors has approved a formal process to explore strategic alternatives to enhance stakeholder value .

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