XBP Global Holdings (XBP) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XBP SEC filings page.
XBP Global Holdings, Inc. (XBP) reported $872.7M in revenue for fiscal year 2024. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business converts a reported loss into modest cash, but operates with thin margins and a balance sheet dominated by obligations.
FY2024 operating cash flow was$23.3M while net loss was$215.2M . Free cash flow still reached$17.0M , with$50.3M of depreciation and amortization showing that noncash charges are part of the bridge; the remaining gap points to other non-earnings items or working-capital movements.
A 21.6% gross profit margin did not translate into operating profitability: operating margin was
Current assets of
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of XBP Global Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
XBP Global Holdings, Inc. has an operating margin of -12.1%, meaning the company loses $12 on every $100 of revenue. This results in a profitability score of 17/100.
Not available for XBP Global Holdings, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
Not available for XBP Global Holdings, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
XBP Global Holdings, Inc.'s current ratio of 0.07 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
XBP Global Holdings, Inc. has a free cash flow margin of 1.9%, earning a moderate score of 33/100. The company generates positive cash flow after capital investments, but with room for improvement.
XBP Global Holdings, Inc. scores -3.76, below the 1.81 distress threshold. The score is pulled down most by current liabilities exceeding current assets by $1.7B against total assets of $390.4M. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
XBP Global Holdings, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
XBP Global Holdings, Inc. reported a net loss of $215.2M while generating $23.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
XBP Global Holdings, Inc. reported an operating loss of $105.4M against $101.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
XBP Global Holdings, Inc. generated $191.3M in revenue in Q2 2026. This represents an increase of 4.7% from the same quarter a year earlier. Against the prior quarter it is down 3.0%.
XBP Global Holdings, Inc.'s EBITDA was $11.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
XBP Global Holdings, Inc. reported a net loss of $16.7M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
XBP Global Holdings, Inc. earned -$1.42 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
XBP Global Holdings, Inc. recorded an outflow of $11.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
XBP Global Holdings, Inc. held $18.6M in cash against $347.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
XBP Global Holdings, Inc.'s gross margin was 21.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.4 percentage points.
XBP Global Holdings, Inc.'s operating margin was -1.9% in Q2 2026, reflecting core business profitability. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.
XBP Global Holdings, Inc.'s net profit margin was -8.7% in Q2 2026, showing the share of revenue converted to profit. This is up 26.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.9 percentage points.
XBP Global Holdings, Inc.'s quarterly ROE was -35.9% in Q2 2026: one quarter's net income over shareholder equity, not annualized. Against the prior quarter it is up 6.8 percentage points.
Capital Allocation
XBP Global Holdings, Inc. invested $1.3M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 37.1% from the same quarter a year earlier. Against the prior quarter it is up 22.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
XBP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $191.3M+4.7% | $197.1M+2.7% | N/A | $152.4M-34.7% | $182.7M | $192.0M | N/A | $233.4M |
| Gross Profit | $41.2M+9.3% | $45.2M+9.4% | N/A | $33.1M-24.9% | $37.7M+470.7% | $41.3M+312.0% | N/A | $44.0M+375.8% |
| Operating Income | -$3.7M-166.9% | -$15.1M-352.0% | N/A | -$292.2M-13979.6% | $5.6Mn/m | $6.0M+349.6% | N/A | $2.1M+504.9% |
| EBITDA | $11.5M-18.4% | -$232K-101.4% | N/A | -$283.0M-2092.4% | $14.1Mn/m | $16.5M+672.3% | N/A | $14.2M+1199.6% |
| Interest Expense | $13.9M-70.4% | $14.1M-40.8% | N/A | $9.7M-63.2% | $46.9M | $23.8M | N/A | $26.4M+12465.7% |
| Income Tax | -$1.8M-451.2% | -$1.4M-170.8% | N/A | $3.4M-22.8% | $500K-7.7% | $2.0M+340.9% | N/A | $4.4M+317.2% |
| Net Income | -$16.7Mn/m | -$26.8M-167.5% | N/A | -$305.8Mn/m | -$65.1Mn/m | $39.6Mn/m | N/A | -$28.3Mn/m |
| EPS (Basic) | -$1.42 | -$2.28 | N/A | -$2.60 | -$0.19 | -$0.14n/m | $0.73-3.9% | -$0.09 |
| EPS (Diluted) | -$1.42 | -$2.28 | N/A | -$2.60 | -$0.19 | -$0.14n/m | $0.73-3.9% | -$0.09 |
| Diluted Shares (Avg) | 12M | 12M | N/A | 118M | 36M | 31M+2.4% | N/A | 30M |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, SG&A Expenses.
XBP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $827.8M+687.0% | $871.4M+780.4% | $902.1M+131.1% | $947.9M+851.3% | $105.2M-2.6% | $99.0M-0.2% | $390.4M+280.0% | $99.6M+1158.5% |
| Current Assets | $196.8M+288.8% | $222.4M+367.8% | $239.7M+92.7% | $242.0M+409.3% | $50.6M-12.2% | $47.5M-0.3% | $124.4M+149.5% | $47.5M+57489.1% |
| Cash & Equivalents | $18.6M+203.5% | $28.5M+194.0% | $37.1M+219.0% | $34.5M+344.5% | $6.1M-60.7% | $9.7M+176.5% | $11.6M+78.0% | $7.8M+11853.8% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $11.2M+177.2% | $11.4M+211.9% | $11.4M+57.8% | $11.7M+188.0% | $4.0M-13.8% | $3.6M-23.0% | $7.2M+78.1% | $4.1M |
| Accounts Receivable | $129.4M+285.1% | $130.3M+383.7% | $130.3M+598.1% | $136.6M+455.8% | $33.6M+20.3% | $26.9M-13.0% | $18.7M-38.3% | $24.6M |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $189.9M+679.4% | $189.9M+738.1% | $189.9M+378.1% | $189.9M+715.6% | $24.4M+9.2% | $22.7M+1.2% | $39.7M+74.0% | $23.3M |
| Total Liabilities | $781.3M-50.9% | $808.9M-46.7% | $814.8M-55.9% | $817.4M-42.6% | $1.6B+13.8% | $1.5B+11.6% | $1.8B+37.1% | $1.4B+3400.1% |
| Current Liabilities | $307.9M+245.4% | $330.7M+325.0% | $322.0M-82.0% | $330.4M+343.4% | $89.1M+11.6% | $77.8M-3.8% | $1.8B+2081.3% | $74.5M+539.6% |
| Non-Current Liabilities | $473.4M-68.5% | $478.2M-66.8% | $492.7M+764.4% | $487.1M-63.9% | $1.5B+13.9% | $1.4B+12.6% | $57.0M-95.5% | $1.4B+4547.0% |
| Long-Term Debt | $347.6M+1258.3% | $348.9M+1336.6% | $353.3M+23964.5% | $346.6M+1212.6% | $25.6M-4.6% | $24.3M+92.7% | $1.5M-88.5% | $26.4M |
| Total Equity | $46.5Mn/m | $62.6Mn/m | $87.3Mn/m | $130.5Mn/m | -$1.5Bn/m | -$1.4Bn/m | -$1.5Bn/m | -$1.3Bn/m |
| Retained Earnings | -$394.6Mn/m | -$377.9Mn/m | -$351.1Mn/m | -$305.8Mn/m | -$34.9Mn/m | -$28.1Mn/m | $0n/m | -$21.0Mn/m |
XBP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.1Mn/m | -$5.0Mn/m | $4.4M-85.6% | $13.9Mn/m | -$32.1Mn/m | -$43.7Mn/m | $30.3Mn/m | -$1.5M-145.7% |
| Depreciation & Amortization | $15.3M+77.9% | $14.8M+40.9% | $17.1M+47.3% | $9.1M-24.4% | $8.6M+1007.4% | $10.5M+1203.8% | $11.6M+1473.7% | $12.1M+1524.2% |
| Stock-Based Compensation | N/A | $484K+361.0% | N/A | $258K-63.1% | N/A | $105Kn/m | N/A | $700K |
| Capital Expenditures | $1.3M+37.1% | $1.1M-14.3% | $2.4M+111.1% | $3.4M-26.2% | $968K+476.2% | $1.3M+229.9% | $1.1M+1400.0% | $4.6M+1662.8% |
| Free Cash Flow | -$11.5Mn/m | -$6.1Mn/m | $2.0M-93.3% | $10.5Mn/m | -$33.1Mn/m | -$45.0Mn/m | $29.1Mn/m | -$6.1M-305.7% |
| Investing Cash Flow | -$1.8Mn/m | -$1.6Mn/m | -$3.1Mn/m | -$3.3Mn/m | -$1.5Mn/m | -$1.8Mn/m | -$2.2Mn/m | -$3.5Mn/m |
| Financing Cash Flow | -$13.3M-160.6% | -$8.5M-122.1% | $3.1M+365.9% | $10.0Mn/m | $21.9M+46.9% | $38.3M+5542.0% | $672K-81.5% | -$19.0Mn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
XBP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.5%+0.9pp | 22.9%+1.4pp | N/A | 21.7%+2.8pp | 20.6% | 21.5% | N/A | 18.9% |
| Operating Margin | -1.9%-5.0pp | -7.6%-10.8pp | N/A | -191.7% | 3.0% | 3.1% | N/A | 0.9% |
| Net Margin | -8.7%+26.9pp | -13.6%-34.2pp | N/A | -200.7% | -35.6% | 20.6% | N/A | -12.1% |
| Return on Equity | -35.9% | -42.8% | N/A | -234.4% | N/A | N/A | N/A | N/A |
| Return on Assets | -2.0%+59.8pp | -3.1%-43.1pp | N/A | -32.3%-3.8pp | -61.9%-35.2pp | 40.0%+65.9pp | N/A | -28.4%+8.0pp |
| Current Ratio | 0.64+0.1x | 0.67+0.1x | 0.74+0.7x | 0.73+0.1x | 0.57-0.2x | 0.610.0x | 0.07-0.5x | 0.64+0.6x |
| Debt-to-Equity | 7.48 | 5.58 | 4.04 | 2.66 | N/A | N/A | N/A | N/A |
| Liabilities-to-Equity | 16.82 | 12.93 | 9.33 | 6.26 | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.23-1.5x | 0.23-1.7x | N/A | 0.16-2.2x | 1.74 | 1.94 | N/A | 2.34 |
| FCF Margin | -6.0%+12.1pp | -3.1%+20.3pp | N/A | 6.9%+9.5pp | -18.1% | -23.4% | N/A | -2.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$1.5B), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| XBP Global Holdings, Inc. XBP | FY2024 | $872.7M | -$215.2M | -24.6% | $39.8M | 19/100 |
| Alarum Technologies Ltd. ALAR | FY2025 | $40.8M | $963K | 2.4% | $10.4M | 57/100 |
| AEye, Inc. LIDR | FY2025 | $233K | -$34.0M | N/A | $48.5M | — |
| MicroAlgo, Inc. MLGO | FY2025 | $60.0M | $18.1M | 30.2% | $28.7M | 43/100 |
| Airship AI Holdings, Inc. AISP | FY2025 | $15.3M | $29.3M | N/A | $78.9M | 46/100 |
| Helport AI Limited HPAI | FY2025 | $34.9M | $1.9M | 5.3% | $10.6M | 66/100 |
Where XBP Global Holdings, Inc. Ranks
Frequently Asked Questions
What is XBP Global Holdings, Inc.'s annual revenue?
XBP Global Holdings, Inc. (XBP) reported $872.7M in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is XBP Global Holdings, Inc. profitable?
No, XBP Global Holdings, Inc. (XBP) reported a net loss of $215.2M in fiscal year 2024, with a net profit margin of -24.6%.
What is XBP Global Holdings, Inc.'s EBITDA?
XBP Global Holdings, Inc. (XBP) had EBITDA of -$55.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does XBP Global Holdings, Inc. have?
As of fiscal year 2024, XBP Global Holdings, Inc. (XBP) had $11.6M in cash and equivalents against $1.5M in long-term debt.
What is XBP Global Holdings, Inc.'s gross margin?
XBP Global Holdings, Inc. (XBP) had a gross margin of 21.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is XBP Global Holdings, Inc.'s operating margin?
XBP Global Holdings, Inc. (XBP) had an operating margin of -12.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is XBP Global Holdings, Inc.'s net profit margin?
XBP Global Holdings, Inc. (XBP) had a net profit margin of -24.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is XBP Global Holdings, Inc.'s free cash flow?
XBP Global Holdings, Inc. (XBP) generated $17.0M in free cash flow during fiscal year 2024. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is XBP Global Holdings, Inc.'s operating cash flow?
XBP Global Holdings, Inc. (XBP) generated $23.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are XBP Global Holdings, Inc.'s total assets?
XBP Global Holdings, Inc. (XBP) had $390.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are XBP Global Holdings, Inc.'s capital expenditures?
XBP Global Holdings, Inc. (XBP) invested $6.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does XBP Global Holdings, Inc. spend on research and development?
XBP Global Holdings, Inc. (XBP) invested $300K in research and development during fiscal year 2024.
What is XBP Global Holdings, Inc.'s current ratio?
XBP Global Holdings, Inc. (XBP) had a current ratio of 0.07 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is XBP Global Holdings, Inc.'s return on assets (ROA)?
XBP Global Holdings, Inc. (XBP) had a return on assets of -55.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is XBP Global Holdings, Inc.'s P/E ratio?
XBP Global Holdings, Inc. (XBP) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2024). The market capitalization is $39.8M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is XBP Global Holdings, Inc.'s price-to-sales ratio?
XBP Global Holdings, Inc. (XBP) trades at 0.0x sales, its market capitalization divided by $872.7M revenue, FY2024. The market capitalization is $39.8M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is XBP Global Holdings, Inc.'s debt-to-equity ratio negative or not reported?
XBP Global Holdings, Inc. (XBP) has negative shareholder equity of -$1.5B as of fiscal year 2024, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is XBP Global Holdings, Inc.'s Altman Z-Score?
XBP Global Holdings, Inc. (XBP) has an Altman Z-Score of -3.76, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is XBP Global Holdings, Inc.'s Piotroski F-Score?
XBP Global Holdings, Inc. (XBP) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are XBP Global Holdings, Inc.'s earnings high quality?
XBP Global Holdings, Inc. (XBP) reported a net loss of $215.2M while generating $23.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can XBP Global Holdings, Inc. cover its interest payments?
XBP Global Holdings, Inc. (XBP) reported an operating loss of $105.4M against $101.9M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is XBP Global Holdings, Inc.?
XBP Global Holdings, Inc. (XBP) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For XBP Global Holdings, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.