Xerox Holdings Corporation Warrants (XRXDW) Financials
Newest figures come from the filing for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XRXDW SEC filings page.
Xerox Holdings Corporation Warrants (XRXDW) reported $7.8B in revenue over the twelve months to Jun 30, 2026, up 25.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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.
Revenue recovered, but working-capital growth and heavier borrowing weakened cash generation and left the balance sheet with little equity cushion.
The sales rebound did not improve cash conversion: revenue rose12.9% from FY2024, while operating cash flow fell56.2% . Receivables rose41.0% and inventory46.2% in the same period, suggesting that more cash was tied up in customer balances and stock rather than converted from sales.
By FY2025, liabilities represented
The net loss narrowed from
Financial Health Signals
We do not publish a peer-relative financial health score for Xerox Holdings Corporation Warrants, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Xerox Holdings Corporation Warrants passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.
Xerox Holdings Corporation Warrants reported a net loss of $1.0B while generating $224.0M 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.
Key Financial Metrics
Earnings & Revenue
Xerox Holdings Corporation Warrants generated $1.9B in revenue in Q2 2026. This represents an increase of 22.0% from the same quarter a year earlier. Against the prior quarter it is up 4.1%.
Xerox Holdings Corporation Warrants reported $13.0M in net income 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.
Xerox Holdings Corporation Warrants earned $0.07 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.
Not reported for Q2 2026.
Cash & Balance Sheet
Xerox Holdings Corporation Warrants generated $23.0M in free cash flow in Q2 2026, representing cash available 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.
Xerox Holdings Corporation Warrants held $495.0M in cash against $4.2B in long-term debt as of Q2 2026.
Xerox Holdings Corporation Warrants paid $0.03 per share in dividends in Q2 2026. It is unchanged from the prior quarter.
Margins & Returns
Xerox Holdings Corporation Warrants's gross margin was 10.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.7 percentage points.
Xerox Holdings Corporation Warrants's net profit margin was 0.7% in Q2 2026, showing the share of revenue converted to profit. This is up 7.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.4 percentage points.
Xerox Holdings Corporation Warrants's quarterly ROE was 4.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 13.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 39.1 percentage points.
Not reported for Q2 2026.
Capital Allocation
Xerox Holdings Corporation Warrants invested $14.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 250.0% from the same quarter a year earlier. Against the prior quarter it is up 16.7%.
Not reported for Q2 2026.
Not reported for Q2 2026.
XRXDW 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 | Q2'26Filing | Q1'2610-Q | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B+22.0% | $1.8B+26.7% | $2.0B+25.7% | $2.0B+28.3% | $1.6B-0.1% | $1.5B-3.0% | $1.6B-8.6% | $1.5B-7.5% |
| Gross Profit | $203.0M+244.1% | $72.0M+227.3% | N/A | N/A | $59.0M | $22.0M | N/A | N/A |
| SG&A Expenses | $432.0M+17.4% | $430.0M+13.8% | $431.0M+14.3% | $477.0M+28.9% | $368.0M-6.4% | $378.0M-4.8% | $377.0M-14.3% | $370.0M-11.1% |
| Interest Expense | $118.0M+51.3% | $103.0M+87.3% | $100.0M+81.8% | $101.0M+77.2% | $78.0M+30.0% | $55.0M+3.8% | $55.0M-5.2% | $57.0M+29.5% |
| Income Tax | $18.0M-60.9% | $32.0M+39.1% | $12.0M-29.4% | $460.0M+289.8% | $46.0M+557.1% | $23.0Mn/m | $17.0Mn/m | $118.0M+686.7% |
| Net Income | $13.0Mn/m | -$105.0Mn/m | -$73.0Mn/m | -$760.0Mn/m | -$106.0M-688.9% | -$90.0Mn/m | -$21.0Mn/m | -$1.2B-2559.2% |
| EPS (Basic) | $0.07 | -$0.84n/m | -$0.58n/m | -$6.01n/m | -$0.87-825.0% | -$0.75n/m | -$0.20n/m | -$9.71-3448.3% |
| EPS (Diluted) | $0.07 | -$0.84n/m | -$0.58n/m | -$6.01n/m | -$0.87-890.9% | -$0.75n/m | -$0.20n/m | -$9.71-3567.9% |
| Diluted Shares (Avg) | N/A | N/A | N/A | 127M+2.1% | 126M+1.3% | 125M+1.0% | N/A | 124M-20.9% |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, Operating Income, EBITDA.
XRXDW 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 | Q2'26Filing | Q1'2610-Q | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7B+9.6% | $9.9B+20.6% | $9.8B+17.4% | $10.1B+21.0% | $8.9B-6.5% | $8.2B-17.4% | $8.4B-16.4% | $8.3B-20.3% |
| Current Assets | $3.7B+4.3% | $3.8B+31.8% | $3.6B+21.6% | $3.8B+24.6% | $3.5B+16.1% | $2.9B-14.4% | $2.9B-7.6% | $3.0B-10.2% |
| Cash & Equivalents | $495.0M+10.2% | $585.0M+74.1% | $512.0M-11.1% | $479.0M-8.1% | $449.0M-7.4% | $336.0M-50.9% | $576.0M+11.0% | $521.0M-2.1% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $1.0B+19.7% | $1.0B+24.8% | $1.0B+46.2% | $1.1B+56.1% | $871.0M+18.2% | $836.0M+13.6% | $695.0M+5.1% | $732.0M+0.5% |
| Accounts Receivable | $1.2B+37.5% | $1.2B+48.7% | $1.1B+41.0% | $1.2B+45.7% | $862.0M+1.8% | $819.0M-3.2% | $796.0M-6.4% | $821.0M-6.7% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $2.2B+12.6% | $2.2B+12.6% | $2.2B+14.7% | $2.2B+27.7% | $2.0B-27.0% | $2.0B-28.2% | $1.9B-29.5% | $1.7B-37.1% |
| Total Liabilities | $9.2B+21.9% | $9.4B+35.3% | $9.2B+29.6% | $9.5B+39.5% | $7.5B+9.0% | $6.9B-5.6% | $7.1B-2.4% | $6.8B-8.5% |
| Current Liabilities | $3.1B+28.9% | $3.2B+21.3% | $3.2B+23.0% | $3.4B+42.0% | $2.4B+18.6% | $2.6B+8.2% | $2.6B-5.8% | $2.4B-20.4% |
| Non-Current Liabilities | $6.0B+18.6% | $6.2B+43.8% | $5.9B+33.5% | $6.1B+38.1% | $5.1B+5.0% | $4.3B-12.4% | $4.4B-0.3% | $4.4B-0.4% |
| Long-Term Debt | $4.2B+19.2% | $4.3B+58.6% | $4.0B+42.7% | $4.1B+47.2% | $3.5B+9.8% | $2.7B-15.6% | $2.8B+3.8% | $2.8B+0.5% |
| Total Equity | $323.0M-71.2% | $299.0M-71.6% | $444.0M-58.7% | $365.0M-72.0% | $1.1B-52.5% | $1.1B-55.7% | $1.1B-57.6% | $1.3B-53.3% |
| Retained Earnings | $2.3B-29.3% | $2.3B-31.8% | $2.4B-30.4% | $2.5B-29.3% | $3.3B-31.6% | $3.4B-29.5% | $3.5B-29.4% | $3.6B-29.6% |
XRXDW 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 | Q2'26Filing | Q1'2610-Q | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $37.0Mn/m | -$144.0Mn/m | $208.0M-40.7% | $116.0M0.0% | -$11.0M-108.9% | -$89.0Mn/m | $351.0M-9.8% | $116.0M-6.5% |
| Depreciation & Amortization | $101.0M+77.2% | $100.0M+66.7% | $107.0M+10.3% | $107.0M+81.4% | $57.0M-3.4% | $60.0M+1.7% | $97.0M+56.5% | $59.0M-6.3% |
| Stock-Based Compensation | N/A | $9.0M-25.0% | N/A | N/A | N/A | $12.0M0.0% | N/A | N/A |
| Capital Expenditures | $14.0M+250.0% | $12.0M+140.0% | $16.0M+220.0% | $12.0M+50.0% | $4.0M-33.3% | $5.0M-37.5% | $5.0M-37.5% | $8.0M-20.0% |
| Free Cash Flow | $23.0Mn/m | -$156.0Mn/m | $192.0M-44.5% | $104.0M-3.7% | -$15.0M-112.8% | -$94.0Mn/m | $346.0M-9.2% | $108.0M-5.3% |
| Investing Cash Flow | -$9.0Mn/m | -$24.0M-500.0% | -$4.0Mn/m | -$682.0Mn/m | -$18.0Mn/m | $6.0Mn/m | -$172.0Mn/m | -$7.0M-128.0% |
| Financing Cash Flow | -$114.0M-118.4% | $242.0Mn/m | -$173.0Mn/m | $118.0Mn/m | $618.0Mn/m | -$159.0M-160.9% | -$122.0Mn/m | -$74.0Mn/m |
| Dividends Paid | $6.0M-68.4% | $10.0M-74.4% | $6.0M-82.4% | $7.0M-80.6% | $19.0M-44.1% | $39.0M+5.4% | $34.0M0.0% | $36.0M-16.3% |
| Share Buybacks | N/A | N/A | $0-100.0% | $0n/m | $0n/m | $0-100.0% | $5.0Mn/m | $0-100.0% |
XRXDW 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 | Q2'26Filing | Q1'2610-Q | Q4'25Filing | Q3'25Filing | Q2'25Filing | Q1'2510-Q | Q4'24Filing | Q3'24Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.6%+6.8pp | 3.9%+2.4pp | N/A | N/A | 3.7% | 1.5% | N/A | N/A |
| Net Margin | 0.7%+7.4pp | -5.7%+0.5pp | -3.6%-2.3pp | -38.8%+40.1pp | -6.7%-7.9pp | -6.2%+1.3pp | -1.3%+2.0pp | -78.9%-81.8pp |
| Return on Equity | 4.0%+13.5pp | -35.1%-26.6pp | -16.4%-14.5pp | -208.2%-115.7pp | -9.4%-10.2pp | -8.6%-3.8pp | -2.0%+0.3pp | -92.5%-94.2pp |
| Return on Assets | 0.1%+1.3pp | -1.1%0.0pp | -0.7%-0.5pp | -7.5%+6.9pp | -1.2%-1.4pp | -1.1%0.0pp | -0.3%+0.3pp | -14.5%-15.0pp |
| Current Ratio | 1.18-0.3x | 1.18+0.1x | 1.110.0x | 1.10-0.2x | 1.460.0x | 1.09-0.3x | 1.120.0x | 1.26+0.1x |
| Debt-to-Equity | 12.86+9.8x | 14.32+11.8x | 9.05+6.4x | 11.10+9.0x | 3.11+1.8x | 2.56+1.2x | 2.62+1.5x | 2.11+1.1x |
| Liabilities-to-Equity | 28.39+21.7x | 31.35+24.8x | 20.61+14.0x | 25.96+20.7x | 6.71+3.8x | 6.58+3.5x | 6.56+3.7x | 5.21+2.6x |
| Asset Turnover | 0.200.0x | 0.190.0x | 0.210.0x | 0.190.0x | 0.180.0x | 0.180.0x | 0.190.0x | 0.180.0x |
| FCF Margin | 1.2%+2.1pp | -8.5%-2.0pp | 9.5%-12.0pp | 5.3%-1.8pp | -0.9%-8.4pp | -6.5%-0.7pp | 21.4%-0.1pp | 7.1%+0.2pp |
Not reported in any period shown, so not listed: Operating Margin.
Where Xerox Holdings Corporation Warrants Ranks
Frequently Asked Questions
Xerox Holdings Corporation Warrants (XRXDW) reported $7.0B in total revenue for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Xerox Holdings Corporation Warrants (XRXDW) revenue grew by 12.9% year-over-year, from $6.2B to $7.0B in fiscal year 2025.
No, Xerox Holdings Corporation Warrants (XRXDW) reported a net loss of $925.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $1.0B, with a net profit margin of -14.6%.
As of fiscal year 2025, Xerox Holdings Corporation Warrants (XRXDW) had $512.0M in cash and equivalents against $4.0B in long-term debt.
Xerox Holdings Corporation Warrants (XRXDW) had a net profit margin of -14.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Yes, Xerox Holdings Corporation Warrants (XRXDW) paid $0.20 per share in dividends during fiscal year 2025.
Xerox Holdings Corporation Warrants (XRXDW) has a return on equity of -231.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Xerox Holdings Corporation Warrants (XRXDW) generated $187.0M in free cash flow during fiscal year 2025. This represents a -61.4% 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.
Xerox Holdings Corporation Warrants (XRXDW) generated $224.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Xerox Holdings Corporation Warrants (XRXDW) had $9.8B in total assets as of fiscal year 2025, including both current and long-term assets.
Xerox Holdings Corporation Warrants (XRXDW) invested $37.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Xerox Holdings Corporation Warrants (XRXDW) had a current ratio of 1.11 as of fiscal year 2025, which is considered adequate.
Xerox Holdings Corporation Warrants (XRXDW) had a debt-to-equity ratio of 9.05 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Xerox Holdings Corporation Warrants (XRXDW) had a liabilities-to-equity ratio of 20.61 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Xerox Holdings Corporation Warrants (XRXDW) had a return on assets of -10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Xerox Holdings Corporation Warrants (XRXDW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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.
Xerox Holdings Corporation Warrants (XRXDW) reported a net loss of $1.0B while generating $224.0M 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.