I'm LongbridgeAI, I can summarize articles.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 -14.13 M.
Financial and Operational Metrics
First Quarter 2026 Highlights
- Net Loss: XBP Global Holdings, Inc. reported a net loss of -$26.8 million for the first quarter of 2026.
- Gross Margin: The gross margin for Q1 2026 was 22.9%, marking a 70 basis point increase year-over-year on a pro forma basis.
- Normalized EBITDA: Normalized EBITDA for Q1 2026 was $15.6 million, representing a 39.9% decrease year-over-year on a pro forma basis.
- Total Contract Value (TCV): XBP Global Holdings, Inc. closed $108.1 million in total TCV, which is a 68.8% increase year-over-year and 45.1% above the trailing four-quarter average.
- New Annual Contract Value (ACV): The company closed $27.3 million in new ACV, reflecting a 3.7% decrease year-over-year but 4.4% above the trailing four-quarter average.
Segment Revenue and Gross Margin (Pro Forma)
- Applied Workflow Automation:
- Revenue: $178,426 thousand in Q1 2026, a -12.6% decrease from $204,253 thousand in Q1 2025.
- Gross Margin: 19.9% in Q1 2026, an increase of 260 basis points from 17.3% in Q1 2025.
- Technology:
- Revenue: $18,706 thousand in Q1 2026, a -26.4% decrease from $25,431 thousand in Q1 2025.
- Gross Margin: 52.4% in Q1 2026, a decrease of -930 basis points from 61.7% in Q1 2025.
- Total Pro Forma:
- Revenue: $197,132 thousand in Q1 2026, a -14.2% decrease from $229,686 thousand in Q1 2025.
- Gross Margin: 22.9% in Q1 2026, an increase of 70 basis points from 22.2% in Q1 2025.
Operating Performance
- Operating Profit (Loss): The company reported an operating loss of -$15,081 thousand for Q1 2026, compared to an operating profit of $5,984 thousand for Q1 2025.
- Operating Costs:
- Cost of revenue: $151,897 thousand for Q1 2026, compared to $150,645 thousand for Q1 2025.
- Selling, general and administrative expenses: $42,814 thousand for Q1 2026, compared to $22,262 thousand for Q1 2025.
- Depreciation and amortization: $14,849 thousand for Q1 2026, compared to $10,535 thousand for Q1 2025.
Cash Flow
- Net Cash Used in Operating Activities: Net cash used in operating activities was -$5,045 thousand for Q1 2026, a significant improvement from -$43,719 thousand used in Q1 2025.
Outlook and Guidance
XBP Global Holdings, Inc. expects to achieve $55 million to $60 million in annualized operational efficiencies through company-wide automation, with many actions implemented in the first half of 2026. The company also projects an approximate 20% reduction in global headcount by the end of 2026, transitioning to an AI-first operating model. Furthermore, the Board of Directors has approved initiating a formal process to explore strategic alternatives to enhance stakeholder value.