What is XBP Global Holdings Inc's earnings per share (EPS)?

XBP Global Holdings Inc (XBP) reported diluted earnings per share of $0.41 for fiscal year 2024. This represents a -16.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

XBP Global Holdings Inc Financials

XBP

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows XBP Global Holdings Inc (XBP) financial statements, including the 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).

Rhea AI XBP FY2024 2026-05-15

FY2024 reveals a working-capital-led cash rebound inside a business still constrained by a large liability overhang.

The non-obvious shift is that cash improved while reported losses deepened: FY2024 net loss was -$215.2M, yet operating cash flow reached $23.3M. That mismatch points to working-capital release rather than profit-led cash generation, especially as receivables fell from $30.2M in FY2023 to $18.7M, so the cash result says more about balance-sheet unwind than operating health.

With a current ratio of 0.1x and only $1.5M of long-term debt, the strain looks less like a conventional term-debt problem than a concentration of short-dated obligations. Liabilities of $1.85B against assets of $390.4M leave little room for equity to absorb shocks and make liquidity the immediate operating constraint.

FY2024 still produced $188.8M of gross profit on a 21.6% gross margin, so the company was not selling below direct cost. But the loss sits below gross profit: operating margin of -12.1% shows that overhead, restructuring, or other below-gross-profit costs consumed the contribution before it could become earnings.

Financial Health Signals

Financial health score pending refresh

We are recalculating XBP Global Holdings Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress

-3.77

XBP Global Holdings Inc scores -3.77, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($31.1M) relative to total liabilities ($1.8B). 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.

Piotroski F-Score Partial

4/7

XBP Global Holdings Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Mixed

-0.11x

For every $1 of reported earnings, XBP Global Holdings Inc generates $-0.11 in operating cash flow ($23.3M OCF vs -$215.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$872.7M

XBP Global Holdings Inc generated $872.7M in revenue in fiscal year 2024.

EBITDA

-$55.1M

YoY-1457.6%

XBP Global Holdings Inc's EBITDA was -$55.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1457.6% from the prior year.

Net Income

-$215.2M

YoY-1847.6%

XBP Global Holdings Inc reported -$215.2M in net income in fiscal year 2024. This represents a decrease of 1847.6% from the prior year.

EPS (Diluted)

$0.41

YoY-16.3%

XBP Global Holdings Inc earned $0.41 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 16.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$17.0M

YoY+539.1%

XBP Global Holdings Inc generated $17.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 539.1% from the prior year.

Cash & Debt

$11.6M

YoY+78.0%

XBP Global Holdings Inc held $11.6M in cash against $1.5M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

30M

YoY+0.0%

XBP Global Holdings Inc had 30M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

21.6%

XBP Global Holdings Inc's gross margin was 21.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs.

Operating Margin

-12.1%

XBP Global Holdings Inc's operating margin was -12.1% in fiscal year 2024, reflecting core business profitability.

Net Margin

-24.6%

XBP Global Holdings Inc's net profit margin was -24.6% in fiscal year 2024, showing the share of revenue converted to profit.

Return on Equity

N/A

Capital Allocation

R&D Spending

$300K

YoY-66.7%

XBP Global Holdings Inc invested $300K in research and development in fiscal year 2024. This represents a decrease of 66.7% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$6.3M

YoY+170.1%

XBP Global Holdings Inc invested $6.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 170.1% from the prior year.

XBP Income Statement

Metric	FY24	FY23	FY22	FY21
Revenue	$872.7M	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	$188.8M+373.5%	$39.9M-8.8%	$43.7M	N/A
R&D Expenses	$300K-66.7%	$900K-18.2%	$1.1M	N/A
SG&A Expenses	N/A	N/A	$2.6M+6.6%	$2.4M
Operating Income	-$105.4M-9539.7%	$1.1M+157.3%	-$1.9M+28.7%	-$2.7M
Interest Expense	N/A	N/A	$1.1M	N/A
Income Tax	$10.0M+1551.7%	$606K-76.3%	$2.6M	N/A
Net Income	-$215.2M-1847.6%	-$11.0M-39.3%	-$7.9M-364.3%	-$1.7M
EPS (Diluted)	$0.41-16.3%	$0.49	$-0.36	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$197.1M	N/A	$152.4M	N/A	$192.0M	N/A	$233.4M	N/A
Cost of Revenue	$151.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$45.2M	N/A	$33.1M+179.9%	$11.8M-71.4%	$41.3M	N/A	$44.0M+567.4%	$6.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$15.1M	N/A	-$292.2M-18035.7%	-$1.6M-126.9%	$6.0M	N/A	$2.1M+255.5%	-$1.4M
Interest Expense	$3.1M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$1.4M	N/A	$3.4M+555.8%	$514K-74.7%	$2.0M	N/A	$4.4M+705.2%	$542K
Net Income	-$26.8M	N/A	-$305.8M-370.1%	-$65.1M-264.2%	$39.6M	N/A	-$28.3M+1.8%	-$28.8M
EPS (Diluted)	$-2.28	N/A	$-2.60-1268.4%	$-0.19	$-0.14	N/A	$-0.09+43.8%	$-0.16

XBP Balance Sheet

Metric	FY24	FY23	FY22	FY21
Total Assets	$390.4M+280.0%	$102.7M-16.4%	$122.8M-51.0%	$250.8M
Current Assets	$124.4M+149.5%	$49.9M-28.8%	$70.0M+31658.2%	$220K
Cash & Equivalents	$11.6M+78.0%	$6.5M-12.5%	$7.5M+29792.0%	$25K
Inventory	$7.2M+78.1%	$4.0M-10.6%	$4.5M	N/A
Accounts Receivable	$18.7M-38.3%	$30.2M-16.0%	$36.0M+2.5%	$35.1M
Goodwill	$39.7M+74.0%	$22.8M+3.9%	$22.0M-8.3%	$24.0M
Total Liabilities	$1.8B+37.1%	$1.3B+799.4%	$149.8M-46.0%	$277.3M
Current Liabilities	$1.8B+2081.3%	$82.1M-19.5%	$101.9M+3469.6%	$2.9M
Long-Term Debt	$1.5M-88.5%	$12.8M-11.7%	$14.4M	N/A
Total Equity	-$1.5B-17.1%	-$1.2B-4520.1%	-$26.9M-1.5%	-$26.5M
Retained Earnings	$0+100.0%	-$11.3M+7.9%	-$12.3M-29.6%	-$9.5M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$871.4M-3.4%	$902.1M-4.8%	$947.9M+801.2%	$105.2M+6.3%	$99.0M-74.6%	$390.4M+291.8%	$99.6M-7.8%	$108.0M
Current Assets	$222.4M-7.2%	$239.7M-0.9%	$242.0M+378.1%	$50.6M+6.5%	$47.5M-61.8%	$124.4M+161.8%	$47.5M-17.6%	$57.7M
Cash & Equivalents	$28.5M-23.3%	$37.1M+7.5%	$34.5M+464.2%	$6.1M-36.8%	$9.7M-16.8%	$11.6M+49.7%	$7.8M-50.1%	$15.6M
Inventory	$11.4M+0.2%	$11.4M-2.7%	$11.7M+189.0%	$4.0M+10.7%	$3.6M-49.3%	$7.2M+77.6%	$4.1M-13.5%	$4.7M
Accounts Receivable	$130.3M0.0%	$130.3M-4.6%	$136.6M+306.4%	$33.6M+24.8%	$26.9M+44.3%	$18.7M-24.1%	$24.6M-12.0%	$27.9M
Goodwill	$189.9M0.0%	$189.9M0.0%	$189.9M+679.4%	$24.4M+7.5%	$22.7M-43.0%	$39.7M+70.6%	$23.3M+4.3%	$22.3M
Total Liabilities	$808.9M-0.7%	$814.8M-0.3%	$817.4M-48.7%	$1.6B+5.0%	$1.5B-17.9%	$1.8B+29.7%	$1.4B+1.8%	$1.4B
Current Liabilities	$330.7M+2.7%	$322.0M-2.5%	$330.4M+270.6%	$89.1M+14.6%	$77.8M-95.7%	$1.8B+2302.6%	$74.5M-6.7%	$79.9M
Long-Term Debt	$348.9M-1.2%	$353.3M+1.9%	$346.6M+1254.3%	$25.6M+5.4%	$24.3M+1554.6%	$1.5M-94.4%	$26.4M-1.6%	$26.8M
Total Equity	$62.6M-28.4%	$87.3M-33.1%	$130.5M+108.8%	-$1.5B-4.9%	-$1.4B+2.7%	-$1.5B-9.9%	-$1.3B-2.6%	-$1.3B
Retained Earnings	-$377.9M-7.6%	-$351.1M-14.8%	-$305.8M-775.2%	-$34.9M-24.6%	-$28.1M	$0+100.0%	-$21.0M-15.2%	-$18.3M

XBP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21
Operating Cash Flow	$23.3M+1615.8%	-$1.5M-115.5%	$9.9M	N/A
Capital Expenditures	$6.3M+170.1%	$2.3M-63.4%	$6.4M	N/A
Free Cash Flow	$17.0M+539.1%	-$3.9M-209.7%	$3.5M	N/A
Investing Cash Flow	-$6.5M-143.1%	-$2.7M+58.1%	-$6.4M+97.5%	-$250.0M
Financing Cash Flow	-$2.8M-803.6%	-$305K+77.1%	-$1.3M-100.5%	$250.0M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$5.0M-215.6%	$4.4M-68.5%	$13.9M+111.9%	-$116.2M-165.8%	-$43.7M-244.4%	$30.3M+2161.0%	-$1.5M+23.9%	-$1.9M
Capital Expenditures	$1.1M-54.8%	$2.4M-29.2%	$3.4M+87.5%	$1.8M+42.6%	$1.3M+11.4%	$1.1M-75.2%	$4.6M+2638.7%	$168K
Free Cash Flow	-$6.1M-412.9%	$2.0M-81.3%	$10.5M+108.9%	-$118.0M-162.4%	-$45.0M-254.4%	$29.1M+580.0%	-$6.1M-189.3%	-$2.1M
Investing Cash Flow	-$1.6M+49.3%	-$3.1M+6.0%	-$3.3M-256.2%	-$917K+48.3%	-$1.8M+19.9%	-$2.2M+37.6%	-$3.5M-940.8%	-$341K
Financing Cash Flow	-$8.5M-370.0%	$3.1M-68.6%	$10.0M-90.7%	$107.0M+179.7%	$38.3M+5592.4%	$672K+103.5%	-$19.0M-227.5%	$14.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

XBP Financial Ratios

Metric	FY24	FY23	FY22	FY21
Gross Margin	21.6%	N/A	N/A	N/A
Operating Margin	-12.1%	N/A	N/A	N/A
Net Margin	-24.6%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-55.1%-44.4pp	-10.8%-4.3pp	-6.5%-5.8pp	-0.7%
Current Ratio	0.07-0.5	0.61-0.1	0.69+0.6	0.08
Debt-to-Equity	-0.000.0	-0.01+0.5	-0.54+9.9	-10.45
FCF Margin	1.9%	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	22.9%	N/A	21.7%	N/A	21.5%	N/A	18.9%	N/A
Operating Margin	-7.6%	N/A	-191.7%	N/A	3.1%	N/A	0.9%	N/A
Net Margin	-13.6%	N/A	-200.7%	N/A	20.6%	N/A	-12.1%	N/A
Return on Equity	-42.8%	N/A	-234.4%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-3.1%	N/A	-32.3%+29.6pp	-61.9%-101.9pp	40.0%	N/A	-28.4%-1.7pp	-26.7%
Current Ratio	0.67-0.1	0.74+0.0	0.73+0.2	0.57-0.0	0.61+0.5	0.07-0.6	0.64-0.1	0.72
Debt-to-Equity	5.58+1.5	4.04+1.4	2.66+2.7	-0.020.0	-0.02-0.0	-0.00+0.0	-0.020.0	-0.02
FCF Margin	-3.1%	N/A	6.9%	N/A	-23.4%	N/A	-2.6%	N/A

Note: Shareholder equity is negative (-$1.5B), which causes debt-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.

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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 income 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. This represents a 539.1% change compared to the previous fiscal year. 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.

How many shares does XBP Global Holdings Inc have outstanding?

XBP Global Holdings Inc (XBP) had 30M shares outstanding as of 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 debt-to-equity ratio?

XBP Global Holdings Inc (XBP) had a debt-to-equity ratio of -0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

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.

Why is XBP Global Holdings Inc's debt-to-equity ratio negative or unusual?

XBP Global Holdings Inc (XBP) has negative shareholder equity of -$1.5B as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 -3.77, 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 4 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) has an earnings quality ratio of -0.11x, considered mixed quality. 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.