XBP Europe Holdings, Inc. Warrant (XBPEW) Financials
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 XBPEW SEC filings page.
XBP Europe Holdings, Inc. Warrant (XBPEW) 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).
FY2024 produced cash despite a large net loss, while liabilities and interest costs left the balance sheet structurally strained.
FY2024 operating cash flow was$23.3M while the company reported a net loss of$215.2M , a wide gap showing that cash generation came from items other than bottom-line earnings. Because free cash flow remained positive at$17.0M , capital spending did not explain that divergence.
The company retained
A 0.1x current ratio indicates near-term obligations vastly exceed reported current assets. Total liabilities were
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. 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 Europe Holdings, Inc. Warrant'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 Europe Holdings, Inc. Warrant 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 Europe Holdings, Inc. Warrant, and counted as zero in the overall score.
Not available for XBP Europe Holdings, Inc. Warrant, and counted as zero in the overall score.
XBP Europe Holdings, Inc. Warrant'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 Europe Holdings, Inc. Warrant has a free cash flow margin of 1.9%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
XBP Europe Holdings, Inc. Warrant 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 Europe Holdings, Inc. Warrant 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 Europe Holdings, Inc. Warrant 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 Europe Holdings, Inc. Warrant 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 Europe Holdings, Inc. Warrant'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. Against the prior quarter it is up 5076.7%.
XBP Europe Holdings, Inc. Warrant reported -$16.7M in net income in Q2 2026. This represents an increase of 74.3% from the same quarter a year earlier. Against the prior quarter it is up 37.6%.
XBP Europe Holdings, Inc. Warrant earned -$1.42 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 37.7%.
Cash & Balance Sheet
XBP Europe Holdings, Inc. Warrant recorded an outflow of $11.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 65.4% from the same quarter a year earlier. Against the prior quarter it is down 87.0%.
XBP Europe Holdings, Inc. Warrant held $18.6M in cash against $347.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
XBP Europe Holdings, Inc. Warrant'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 Europe Holdings, Inc. Warrant'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 Europe Holdings, Inc. Warrant'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 Europe Holdings, Inc. Warrant's ROE was -35.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is up 6.8 percentage points.
Capital Allocation
XBP Europe Holdings, Inc. Warrant 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.
XBPEW 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% | $5.6M+511.1% | $6.0M+349.6% | N/A | $2.1M+504.9% |
| EBITDA | $11.5M-18.4% | -$232K-101.4% | N/A | -$283.0M-2092.4% | $14.1M+2543.5% | $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 | -$16.7M+74.3% | -$26.8M-167.5% | N/A | -$305.8M-980.1% | -$65.1M-125.6% | $39.6M+254.4% | N/A | -$28.3M-880.8% |
| EPS (Basic) | -$1.42-647.4% | -$2.28-1528.6% | N/A | -$2.60-2788.9% | -$0.19-18.8% | -$0.14-100.0% | $0.73-3.9% | -$0.09+30.8% |
| EPS (Diluted) | -$1.42 | -$2.28 | N/A | -$2.60 | -$0.19 | -$0.14-100.0% | $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.
XBPEW 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $46.5M+103.1% | $62.6M+104.4% | $87.3M+106.0% | $130.5M+109.8% | -$1.5B-15.2% | -$1.4B-12.5% | -$1.5B-17.1% | -$1.3B-3941.4% |
| Retained Earnings | -$394.6M-1029.2% | -$377.9M-1246.9% | -$351.1M | -$305.8M-1353.7% | -$34.9M-91.3% | -$28.1M-107.1% | $0+100.0% | -$21.0M+36.9% |
XBPEW 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 | -$10.1M+68.5% | -$5.0M+88.5% | $4.4M-85.6% | $13.9M+1043.9% | -$32.1M-1565.5% | -$43.7M-1111.1% | $30.3M+1023.6% | -$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 | $105K | 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 | -$11.5M+65.4% | -$6.1M+86.4% | $2.0M-93.3% | $10.5M+272.5% | -$33.1M-1478.3% | -$45.0M-1026.1% | $29.1M+968.7% | -$6.1M-305.7% |
| Investing Cash Flow | -$1.8M-21.0% | -$1.6M+12.2% | -$3.1M-38.7% | -$3.3M+8.0% | -$1.5M-330.5% | -$1.8M-360.5% | -$2.2M-433.3% | -$3.5M-1259.8% |
| Financing Cash Flow | -$13.3M-160.6% | -$8.5M-122.1% | $3.1M+365.9% | $10.0M+152.4% | $21.9M+46.9% | $38.3M+5542.0% | $672K-81.5% | -$19.0M-664.3% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
XBPEW 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 |
| 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 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.
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 Europe Holdings, Inc. Warrant XBPEW | FY2024 | $872.7M | -$215.2M | -24.6% | N/A | 13/100 |
| APPTECH PAYMENTS CORP WTS APCXW | FY2025 | $1.4M | -$7.9M | N/A | N/A | 41/100 |
| Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock STRC | FY2025 | $477.2M | -$3.8B | N/A | N/A | 40/100 |
| Gorilla Technology Group Inc. Warrant GRRRW | FY2024 | $74.7M | -$64.8M | -86.8% | N/A | 30/100 |
| Helport AI Limited Warrants HPAIW | FY2025 | $34.9M | $1.9M | 5.3% | N/A | 56/100 |
| Arqit Quantum Inc. Warrants ARQQW | FY2024 | $293K | -$54.6M | N/A | N/A | — |
Where XBP Europe Holdings, Inc. Warrant Ranks
Frequently Asked Questions
What is XBP Europe Holdings, Inc. Warrant's annual revenue?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant profitable?
No, XBP Europe Holdings, Inc. Warrant (XBPEW) reported a net income of -$215.2M in fiscal year 2024, with a net profit margin of -24.6%.
What is XBP Europe Holdings, Inc. Warrant's EBITDA?
XBP Europe Holdings, Inc. Warrant (XBPEW) had EBITDA of -$55.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does XBP Europe Holdings, Inc. Warrant have?
As of fiscal year 2024, XBP Europe Holdings, Inc. Warrant (XBPEW) had $11.6M in cash and equivalents against $1.5M in long-term debt.
What is XBP Europe Holdings, Inc. Warrant's gross margin?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's operating margin?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's net profit margin?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's free cash flow?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's operating cash flow?
XBP Europe Holdings, Inc. Warrant (XBPEW) generated $23.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are XBP Europe Holdings, Inc. Warrant's total assets?
XBP Europe Holdings, Inc. Warrant (XBPEW) had $390.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are XBP Europe Holdings, Inc. Warrant's capital expenditures?
XBP Europe Holdings, Inc. Warrant (XBPEW) invested $6.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does XBP Europe Holdings, Inc. Warrant spend on research and development?
XBP Europe Holdings, Inc. Warrant (XBPEW) invested $300K in research and development during fiscal year 2024.
What is XBP Europe Holdings, Inc. Warrant's current ratio?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's return on assets (ROA)?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's debt-to-equity ratio negative or not reported?
XBP Europe Holdings, Inc. Warrant (XBPEW) has negative shareholder equity of -$1.5B as of fiscal year 2024, so no debt-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 Europe Holdings, Inc. Warrant's Piotroski F-Score?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant's earnings high quality?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant cover its interest payments?
XBP Europe Holdings, Inc. Warrant (XBPEW) 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 Europe Holdings, Inc. Warrant?
XBP Europe Holdings, Inc. Warrant (XBPEW) scores 13 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite 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. 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.