---
title: "XBP GLOBAL HOLDINGS INC. C/WTS 30/11/2028 (TO PUR COM) | 8-K: FY2026 Q1 Revenue: USD 197.13 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286465739.md"
datetime: "2026-05-14T20:42:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286465739.md)
  - [en](https://longbridge.com/en/news/286465739.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286465739.md)
generator: "portal-rs"
---

# XBP GLOBAL HOLDINGS INC. C/WTS 30/11/2028 (TO PUR COM) | 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 -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.

### Related Stocks

- [XBPEW.US](https://longbridge.com/en/quote/XBPEW.US.md)

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