XBP Global

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the top-line with revenue of $191.3M vs. $197.7M expected, while the GAAP EPS of -$1.42 was significantly lower than the -$1.04 forecast. Despite a revenue miss, Gross Margin of 21.5% and a narrowing operating loss indicated moderate progress in cost optimization, though constrained by a $5.0M European restructuring charge. Liquidity remains critical, characterized by a $111.2M working capital deficit and Specified Events of Default on tax payments that necessitated post-quarter waivers from lenders.