XBP

This article first appeared on GuruFocus. Release Date: August 13, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Adjusted gross margin expanded for the fourth consecutive quarter to 24.9%, the highest level to date, reflecting successful AI-first automation and favorable revenue mix. Normalized EBITDA increased 8.4% year-over-year and 40.6% sequentially to $21.9 million, with margins expanding to 11.5%. Bookings momentum was strong, with total contract value up 51.6% year-over-year to $121.3 million and new ACV bookings up 57% to $36 million. Revenue per employee grew to approximately $89,000, up from $82,000 last quarter, and is projected to approach $100,000 by year-end, significantly exceeding the peer group average of $60,000. The company raised its annualized operational efficiency target to $65-$75 million, up from $55-$60 million, driven by additional non-payroll savings initiatives. Total revenue declined 14% year-over-year to $191.3 million, reflecting expected legacy contract exits and volume reductions from restructuring. The applied workflow automation segment saw revenue fall 16.7% year-over-year due to lower volumes and completion of one-time projects. The company projects an approximate 20% workforce reduction by the end of 2026, which may impact morale and operational capacity. Public sector contract timing remains volatile due to geopolitical uncertainty, creating unpredictability in revenue streams. The strategic alternatives process, including the engagement of a financial advisor, introduces uncertainty regarding the company's future direction and ownership. Warning! GuruFocus has detected 3 Warning Signs with XBP. Is XBP fairly valued? Test your thesis with our free DCF calculator. Q: What drove the significant improvement in profitability during Q2 2026, and what are the updated efficiency targets? A: CEO Andrej Yonovich reported that Q2 2026 marked a clear step-up in profitability, with normalized EBITDA reaching $21.9 million and adjusted gross margin hitting a record 24.9%. The company raised its targeted annualized operational efficiency range to $65 million to $75 million, up from $55 million to $60 million, driven by additional opportunities including non-payroll initiatives and third-party vendor savings. The expected 2026 in-year benefit is approximately $35 million. Q: How is the company's AI transformation impacting its operational model and labor productivity? A: CEO Andrej Yonovich explained that XBP is converting legacy workflow platforms into high-margin Agentic AI pipelines, combining deterministic rules engines with intelligent AI models. When the AI pipeline encounters exceptions, it routes transactions to subject matter experts who adjudicate and feed judgments back into the model for continuous retraining. This has driven revenue per employee to approximately $89,000, up from $82,000 last quarter, with a projection to approach $100,000 by year-end, significantly exceeding the peer group average of roughly $60,000. Q: What were the key booking and pipeline metrics for Q2 2026? A: The company closed $121.3 million in total contract value, representing a 51.6% increase year-over-year and up 12.2% sequentially. New ACV bookings reached $36 million, up 57% year-over-year and 32.1% sequentially. The total pipeline stands at $2.5 billion as of June 30, roughly flat versus Q1 and up 17.2% year-over-year. Q: Can you provide details on the revenue performance and segment breakdown for Q2 2026? A: CFO Dan Abramovich reported total revenue of $191.3 million, down 14% year-over-year on a pro forma basis, consistent with expected client exits and volume reductions from legacy contract restructuring. The applied workflow automation segment generated $166.8 million in revenue, down 16.7% year-over-year, with adjusted gross margin of 19.2%. The technology segment grew 9.8% year-over-year to $24.5 million, with adjusted gross margin expanding to 64.2%, up 690 basis points. Q: What is the company's outlook for revenue and EBITDA in the second half of 2026? A: CFO Dan Abramovich stated that the company expects an inflection in revenue in the second half of the year. Combined with continued gross margin expansion and SG&A savings, this positions XBP to further grow normalized EBITDA into the second half of 2026 and into 2027. Q: How is the company addressing the demand for AI solutions in healthcare and public sector markets? A: CEO Andrej Yonovich noted significant AI interest in healthcare and public sector practice groups, with clients actively seeking secure, on-premise hyper-automation with strict data sovereignty guardrails and human-in-the-loop oversight. However, the timing of overall public sector contracts remains volatile primarily due to geopolitical uncertainty. Q: Can you provide an example of how AI interest translates into enterprise deals? A: CEO Andrej Yonovich highlighted a recent win deploying agentic AI infrastructure to manage the maintenance lifecycle for a global airline fleet. Every maintenance item is vectorized and stored in a private vector database inside the client's private cloud, allowing seamless reproduction of records when aircraft go off lease or are sold. This model can be replicated across the airline industry. Q: What is the status of the strategic alternatives process announced last quarter? A: CEO Andrej Yonovich confirmed that the company has engaged a financial advisor for the strategic alternatives process and will provide updates as appropriate. Q: How is the company managing client concentration and diversification? A: CEO Andrej Yonovich emphasized that the top 10 clients represent only 34% of revenues, and the company is diversified across client verticals, which serves as a natural hedge. The average client tenure among the top 25 clients is around 15 years. Q: What is the expected workforce reduction and its impact on efficiency? A: CFO Dan Abramovich stated that the company continues to project an approximate 20% workforce reduction by the end of the year relative to year-end 2025. The updated efficiency target stands at $65 million to $75 million in annualized run rate efficiencies, with the increase versus last quarter primarily driven by non-payroll initiatives including third-party vendor savings. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

IRVING, Texas, Aug. 13, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a multinational technology and services company orchestrating mission-critical systems that enable hyper-automation and digital transformation, today announced its financial results for the quarter ended June 30, 2026. Second Quarter 2026 Highlights Revenue totaled $191.3 million, a decline of 14.0% year-over-year on a pro forma basis1 Gross margin of 21.5%, an 80 basis point increase year-over-year on a pro forma basis Record adjusted gross margin2 of 24.9%, a 290 basis point increase year-over-year on a pro forma basis1 Net loss of $16.7 million Normalized EBITDA2 of $21.9 million, representing an 8.4% increase year-over-year on a pro forma basis1 Closed $121.3 million of total TCV, representing a 51.6% increase year-over-year and 41.9% above the trailing four-quarter average1,3 Closed $36.0 million of new ACV, representing a 57.0% increase year-over-year and 39.3% above the trailing four-quarter average1,3 The Company now expects to achieve $65 to $75 million in annualized operational efficiencies resulting from Company-wide AI led automation efforts, an increase from the previous target of $55 to $60 million, with an expected 2026 in-year benefit of approximately $35 million. "Our second quarter results reflect a clear step-up in profitability, with Normalized EBITDA of $21.9 million and adjusted gross margin of 24.9%, our highest level to date," said Andrej Jonovic, Chief Executive Officer of XBP Global. “The improvement reflects both a favorable revenue mix in the quarter and the impact of our AI-first automation strategy. The latter is particularly important because automation-driven efficiencies compound over time, and the progress we have made allows us to raise our annualized efficiency target to $65 to $75 million, up from our prior target of $55 to $60 million, with approximately $35 million expected to be realized during calendar year 2026." "On the commercial side, we closed $121.3 million of total contract value in the quarter, split fairly evenly between new and renewal revenue. New bookings increased year-over-year and sequentially, and our late-stage pipeline continues to strengthen. Demand remains strongest where organizations require secure, on-premise automation solutions with strict data sovereignty and human oversight requirements, particularly in healthcare, though timing on public sector contracts remains volatile. Our priorities for the balance of the year remain unchanged: continue strengthening and converting the pipeline while advancing our AI-driven automation initiatives and structural margin improvement efforts. The Company has engaged a financial advisor in connection with the previously announced strategic alternatives." Below are the notes referenced above: Earnings Call and Supplemental Investor Presentation The Company will host a live conference call at 5:00 pm Eastern Time on August 13, 2026, accompanied by a live webcast. Hosting the call will be Andrej Jonovic, Chief Executive Officer and Dejan Avramovic, Chief Financial Officer. Participant Call-In Registration: Participants who wish to join the conference by telephone must register using the following dial-in registration link to receive the dial-in number and a personalized PIN code that will be required to access the call: https://register-conf.media-server.com/register/BI96e42402195a4ebaa3e543bd987a20f0. Participant Live Webcast Registration: To access the live webcast, please visit https://edge.media-server.com/mmc/p/qzjqc7fx or XBP Global’s Investor Relations website at https://investors.xbpglobal.com/. Rebroadcast: Following the live webcast, a replay will be available on XBP Global’s Investor Relations website. An investor presentation relating to our second quarter 2026 performance will be available at https://investors.xbpglobal.com.    About Pro Forma Financial InformationThis press release includes certain pro forma financial information, which is presented for informational purposes only and is not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pro forma results are presented on an unaudited basis as if the acquisition of BPA had been consummated on January 1, 2025, regardless of the actual closing date. For financial reporting purposes, BPA is treated as the accounting acquirer, and results exclude XBP Europe until July 31, 2025. As a result, reported results for periods prior to July 31, 2025 are not comparable to previous annual earnings results presented by the Company. Pro forma financial information is intended to provide investors with a clearer understanding of the underlying performance and trends of the combined business by illustrating the impact of the acquisition on historical results. These results are designed to facilitate period-to-period comparisons and enhance transparency into ongoing operations. Pro forma information is based on certain assumptions and adjustments, including the elimination of intercompany transactions, acquisition-related costs, and the alignment of accounting policies, as described in the accompanying tables and footnotes. This information is unaudited and does not purport to represent what actual results would have been had the acquisition occurred at the dates indicated, nor does it project future results. Pro forma financial information should be read in conjunction with historical financial statements, related notes, and the pro forma adjustments and explanatory notes included in this release. About Non-GAAP Financial MeasuresThis press release also includes certain non-GAAP financial measures, including EBITDA, Normalized EBITDA, Pro Forma Normalized EBITDA, and Adjusted Gross Margin which are not prepared in accordance with GAAP. Management believes these non-GAAP measures are useful supplemental measures; however, investors are encouraged to review the Company’s GAAP results and not rely on any single financial measure. These measures provide investors with additional insight into financial performance, results of operations, and liquidity, and help facilitate comparisons of underlying business trends across periods. Management uses these measures to evaluate performance consistently by excluding the effects of capital structure (such as varying debt levels, interest expense, and transaction costs from acquisitions). We define EBITDA as net income (loss), plus taxes, interest expense, and depreciation and amortization. We define Normalized EBITDA as EBITDA plus non-recurring transaction costs, non-cash equity compensation, restructuring and related expenses, loss/(gain) on sale of assets, impairment of goodwill and other non-recurring items such as reorganization items. We define Pro Forma Normalized EBITDA as Normalized EBITDA plus management’s estimates of the impact of the accounting acquisition of XBP Europe and reorganization of BPA, had such transactions occurred at the beginning of the earliest period presented. We define Adjusted Gross Margin as GAAP gross profit, adjusted to exclude severance, restructuring and related expenses, and discontinued operations, expressed as a percentage of total revenue. Management believes that Adjusted Gross Margin provides useful supplemental information to investors regarding the underlying operational performance of our business, facilitates period-over-period comparisons of core operating efficiency, and aligns with the metrics management uses to evaluate performance and allocate resources. Non-GAAP financial measures should not be considered in isolation or as alternatives to liquidity or financial measures determined in accordance with GAAP. A limitation of these measures is that they exclude significant expenses and income required by GAAP to be recorded in the financial statements. In addition, the determination of which items to exclude or include requires the application of management judgement, and these measures may not be comparable to similarly titled measures reported by other companies. These measures are not required to be uniformly applied, are unaudited, and should not be considered in isolation or as substitutes for results prepared in accordance with GAAP, and their presentation may not be comparable to similar measures used by other companies. Net loss is the GAAP measure most directly comparable to the non-GAAP measures presented here. For a reconciliation of the comparable GAAP measures to these non-GAAP financial measures, see the schedules attached to this release. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These statements include financial forecasts, projections, and other statements about future operations, financial position, business strategy, market opportunities, and trends. Forward-looking statements can often be identified by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast,” or similar expressions. All forward-looking statements are based on estimates, forecasts, and assumptions that are inherently uncertain and subject to risks and factors that could cause actual results to differ materially. These include, but are not limited to: (1) risks related to the acquisition and related restructuring, including the inability to realize anticipated benefits, disruptions to operations, and costs associated with the acquisition; (2) legal proceedings; (3) failure to maintain compliance with Nasdaq listing standards; (4) competition and market conditions; (5) economic, geopolitical, and regulatory changes; (6) challenges in retaining clients, employees, and suppliers; and (7) other risks detailed in the Company’s filings with the SEC, including the “Risk Factors” section of its Annual Report on Form 10-K for 2025. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. XBP Global undertakes no obligation to update these statements, except as required by law. There is no assurance that XBP Global or its subsidiaries will achieve the results projected in these statements. About XBP Global XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 9,200 employees, XBP Global partners with over 2,000 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation. Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value. For more news, commentary, and industry perspectives, visit: https://www.xbpglobal.com/ And please follow us on social: X: https://X.com/XBPglobal LinkedIn: https://www.linkedin.com/company/xbpglobal/ The information posted on XBP Global’s website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Global should monitor XBP Global’s website and its social media accounts in addition to XBP Global’s press releases, SEC filings and public conference calls and webcasts. Source: XBP Global Holdings, Inc. CONTACT: Investor Relations: [email protected] | Media Queries: [email protected]

IRVING, Texas, July 30, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a multinational technology and services company orchestrating mission-critical systems that enable hyper-automation and digital transformation, announced today that it will host a live conference call with the financial community on August 13, 2026 at 5:00 pm Eastern Time to discuss its second quarter 2026 financial results, accompanied by a live webcast. The press release announcing second quarter 2026 results will be issued after market close on August 13, 2026. Participant Call-In Registration: Participants who wish to join the conference by telephone must register using the following dial-in registration link to receive the dial-in number and a personalized PIN code that will be required to access the call: https://register-conf.media-server.com/register/BI96e42402195a4ebaa3e543bd987a20f0. Participant Live Webcast Registration: To access the live webcast, please visit https://edge.media-server.com/mmc/p/qzjqc7fx or XBP Global’s Investor Relations website at https://investors.xbpglobal.com/. Rebroadcast: Following the live webcast, a replay will be available on the XBP Global Investor Relations website. To automatically receive XBP Global financial news by e-mail, please visit the XBP Global Investor Relations website, https://investors.xbpglobal.com/, and subscribe to E-mail Alerts. About XBP Global XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 10,200 employees, XBP Global partners with over 2,000 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation. Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value. For more news, commentary, and industry perspectives, visit: https://www.xbpglobal.com/ And please follow us on social: X: https://X.com/XBPglobal LinkedIn: https://www.linkedin.com/company/xbpglobal/ The information posted on XBP Global’s website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Global should monitor XBP Global’s website and its social media accounts in addition to XBP Global’s press releases, SEC filings and public conference calls and webcasts. CONTACT: Investor Relations: [email protected] | Media Queries: [email protected]

This article first appeared on GuruFocus. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. XBP Global Holdings Inc (NASDAQ:XBP) is transitioning to an AI-led company, enhancing its competitive edge with AI pipelines and agentic AI technology. The company has seen a substantial acceleration in its sales pipeline, with a 17% growth from a year ago and a 10% growth from the last quarter. XBP's public sector operations are gaining momentum, with significant wins such as a major French health insurance institution contract. The company's gross margin increased by 70 basis points year-over-year to 22.9%, driven by margin expansion in the applied workflow automation segment. XBP is exploring strategic alternatives to unlock shareholder value, potentially including divestitures, to focus on core growth engines. XBP Global Holdings Inc (NASDAQ:XBP) reported a 14.2% year-over-year decline in total revenue for the first quarter of 2026. Normalized EBITDA declined by 39.9% year-over-year, primarily due to restructuring-related exits and lower volumes. The technology segment experienced a 26.4% year-over-year revenue decline, attributed to lower one-time projects and customer exits. The company is undergoing a 20% reduction in its global workforce by the end of the year due to AI-driven productivity and efficiency. XBP's new ACV bookings were down 3.7% from a year ago, indicating challenges in securing new contracts. Warning! GuruFocus has detected 3 Warning Signs with XBP. Is XBP fairly valued? Test your thesis with our free DCF calculator. Q: Can you discuss the factors driving the significant increase in Total Contract Value (TCV) this quarter, and how do you expect this momentum to trend in the coming quarters? A: Mike Shufeld, Chief Revenue Officer: The increase in TCV is a mix of new bookings and renewals. We expect this momentum to continue, not just in the public sector but across other areas as well, maintaining a healthy mix of both new and renewal contracts. Q: What progress have you seen with AI automation, and how does your AI offering stand out compared to clients doing it in-house or competitors? A: Andrei Yonovich, CEO: We have decades of experience and deep domain knowledge, which gives us a baseline automation level. Our new stack achieves higher automation rates upfront. Clients value our approach, and we've won clients who attempted in-house solutions but were unsuccessful. Q: Could you elaborate on the strategic alternatives review and what the board considers core versus non-core within XBP's portfolio? A: Andrei Yonovich, CEO: We are a substantial enterprise with intrinsic value in our businesses. We believe the market undervalues us, and we are working with advisors to explore options. The process is open-ended, and no conclusions have been made yet. Q: How is the transition from legacy workflows to AI pipelines progressing, and what are the initial results? A: Andrei Yonovich, CEO: We are transitioning workflows into AI pipelines with a 40% to 60% initial auto-resolution rate, improving to 85% over time. This approach is already effective in our healthcare sector and is expanding into the public sector. Q: What are the financial expectations for the rest of the year, considering the current pipeline and market conditions? A: Dan Abramovich, CFO: We expect stable quarterly revenue in the near term and growth in the second half of 2026. Gross margin increases will accelerate as our sales pipeline converts, focusing on agentic workflows and automation. We anticipate a meaningful performance improvement throughout the year. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

IRVING, Texas, May 14, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a multinational technology and services company orchestrating mission-critical systems that enable hyper-automation and digital transformation, today announced its financial results for the quarter ended March 31, 2026. First Quarter 2026 Highlights Revenue totaled $197.1 million, a decline of 14.2% year-over-year on a pro forma basis1 Gross margin was 22.9%, a 70 basis point increase year-over-year on a pro forma basis1 Net loss of $26.8 million Normalized EBITDA2 of $15.6 million, a decrease of 39.9% year-over-year on a pro forma basis1 Closed $108.1 million of total TCV, a 68.8% increase year-over-year and 45.1% above the trailing four quarter average1,3 Closed $27.3 million of new ACV, a 3.7% decrease year-over-year and 4.4% above the trailing four quarter average1,3 The Company expects to achieve $55 to $60 million in annualized operational efficiencies resulting from Company-wide automation efforts, with a significant portion of the underlying actions implemented during the first half of 2026 The Company expects an approximate 20% reduction in global headcount by the end of 2026, subject to the timing and execution of its automation initiatives compared to year-end 2025, as the Company transitions to a high-productivity, AI-first operating model Announced approval by XBP’s Board of Directors to initiate a formal process to explore strategic alternatives to enhance value for all stakeholders Results reflect an ongoing transition in the Company’s operating model, with revenue and earnings trends impacted by legacy contract dynamics, while bookings and pipeline growth are expected to support future performance “Disciplined management and increased automation have resulted in our third consecutive quarter of margin expansion, and we believe these efforts will support a more substantial uplift in the coming quarters,” said Andrej Jonovic, CEO of XBP Global. “Our sales pipeline is gaining momentum, we are fundamentally altering our operating model through ambitious use of automation, and we expect this to translate to improved margin profile and materially higher revenue per employee in the second half of the year.” “Separately, we announced today that our Board has approved an exploration of strategic alternatives. We believe this is a necessary step to evaluate opportunities to enhance value for XBP stakeholders, position XBP Global for long-term growth, and create financial flexibility to invest in our core growth engines and AI-first initiatives.” There can be no assurance that the exploration of strategic alternatives will result in any transaction or other strategic outcome, and the Company has not set a timetable for the completion of this process. First Quarter 2026 Segment Results4: Earnings Call and Supplemental Investor Presentation  The Company will host a live conference call at 5:00 pm Eastern Time on May 14, 2026, accompanied by a live webcast. Hosting the call will be Andrej Jonovic, Chief Executive Officer, Dejan Avramovic, Chief Financial Officer, and Mike Shufeldt, Chief Revenue Officer. Participant Call-In Registration: Participants who wish to join the conference by telephone must register using the following dial-in registration link to receive the dial-in number and a personalized PIN code that will be required to access the call: https://register-conf.media-server.com/register/BIf2fe6a6b62164945946dae9bd02995a5. Participant Live Webcast Registration: To access the live webcast, please visit https://edge.media-server.com/mmc/p/svpo92yg or XBP Global’s Investor Relations website at https://investors.xbpglobal.com/. Rebroadcast: Following the live webcast, a replay will be available on XBP Global’s Investor Relations website. An investor presentation relating to our first quarter 2026 performance will be available at https://investors.xbpglobal.com. About Pro Forma Financial Information This press release includes certain pro forma financial information, which is presented for informational purposes only and is not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pro forma results are presented on an unaudited basis as if the acquisition of BPA had been consummated on January 1, 2024, regardless of the actual closing date. For financial reporting purposes, BPA is treated as the accounting acquirer, and results exclude XBP Europe until July 31, 2025. As a result, reported results for periods prior to July 31, 2025 are not comparable to previous annual earnings results presented by the Company. Pro forma financial information is intended to provide investors with a clearer understanding of the underlying performance and trends of the combined business by illustrating the impact of the acquisition on historical results. These results are designed to facilitate period-to-period comparisons and enhance transparency into ongoing operations. Pro forma information is based on certain assumptions and adjustments, including the elimination of intercompany transactions, acquisition-related costs, and the alignment of accounting policies, as described in the accompanying tables and footnotes. This information is unaudited and does not purport to represent what actual results would have been had the acquisition occurred at the dates indicated, nor does it project future results. Pro forma financial information should be read in conjunction with historical financial statements, related notes, and the pro forma adjustments and explanatory notes included in this release. About Non-GAAP Financial Measures This press release also includes certain non-GAAP financial measures, including EBITDA, Normalized EBITDA, and Pro Forma Normalized EBITDA, which are not prepared in accordance with GAAP. Management believes these non-GAAP measures are useful supplemental measures; however, investors are encouraged to review the Company’s GAAP results and not rely on any single financial measure. These measures provide investors with additional insight into financial performance, results of operations, and liquidity, and help facilitate comparisons of underlying business trends across periods. Management uses these measures to evaluate performance consistently by excluding the effects of capital structure (such as varying debt levels, interest expense, and transaction costs from acquisitions). We define EBITDA as net income (loss), plus taxes, interest expense, and depreciation and amortization. We define Normalized EBITDA as EBITDA plus non-recurring transaction costs, non-cash equity compensation, restructuring and related expenses, loss/(gain) on sale of assets, impairment of goodwill and other non-recurring items such as reorganization items. We define Pro Forma Normalized EBITDA as Normalized EBITDA plus management’s estimates of the impact of the accounting acquisition of XBP Europe and reorganization of BPA, had such transactions occurred at the beginning of the earliest period presented. Non-GAAP financial measures should not be considered in isolation or as alternatives to liquidity or financial measures determined in accordance with GAAP. A limitation of these measures is that they exclude significant expenses and income required by GAAP to be recorded in the financial statements. In addition, the determination of which items to exclude or include requires the application of management judgement, and these measures may not be comparable to similarly titled measures reported by other companies. These measures are not required to be uniformly applied, are unaudited, and should not be considered in isolation or as substitutes for results prepared in accordance with GAAP, and their presentation may not be comparable to similar measures used by other companies. Net loss is the GAAP measure most directly comparable to the non-GAAP measures presented here. For a reconciliation of the comparable GAAP measures to these non-GAAP financial measures, see the schedules attached to this release. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These statements include financial forecasts, projections, and other statements about future operations, financial position, business strategy, market opportunities, and trends. Forward-looking statements can often be identified by terms such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast,” or similar expressions. All forward-looking statements are based on estimates, forecasts, and assumptions that are inherently uncertain and subject to risks and factors that could cause actual results to differ materially. These include, but are not limited to: (1) risks related to the acquisition and related restructuring, including the inability to realize anticipated benefits, disruptions to operations, and costs associated with the acquisition; (2) legal proceedings; (3) failure to maintain compliance with Nasdaq listing standards; (4) competition and market conditions; (5) economic, geopolitical, and regulatory changes; (6) challenges in retaining clients, employees, and suppliers; and (7) other risks detailed in the Company’s filings with the SEC, including the “Risk Factors” section of its Annual Report on Form 10-K for 2025. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. XBP Global undertakes no obligation to update these statements, except as required by law. There is no assurance that XBP Global or its subsidiaries will achieve the results projected in these statements. About XBP Global XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 10,200 employees, XBP Global partners with over 2,000 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation. Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value. For more news, commentary, and industry perspectives, visit: https://www.xbpglobal.com/ And please follow us on social: X: https://X.com/XBPglobal LinkedIn: https://www.linkedin.com/company/xbpglobal/ The information posted on XBP Global’s website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Global should monitor XBP Global’s website and its social media accounts in addition to XBP Global’s press releases, SEC filings and public conference calls and webcasts. Source: XBP Global Holdings, Inc. CONTACT: Investor Relations: David Shamis, CFA, [email protected] | Media Queries: Srushti Rao, [email protected]

IRVING, Texas, May 12, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a multinational technology and services company orchestrating mission-critical systems that enable hyper-automation and digital transformation, announced today that it will host a live conference call with the financial community on May 14, 2026 at 5:00 pm Eastern Time to discuss its first quarter 2026 financial results, accompanied by a live webcast. The press release announcing first quarter 2026 results will be issued after market close on May 14, 2026. Hosting the call will be Andrej Jonovic, Chief Executive Officer, Dejan Avramovic, Chief Financial Officer, and Mike Shufeldt, Chief Revenue Officer. Participant Call-In Registration: Participants who wish to join the conference by telephone must register using the following dial-in registration link to receive the dial-in number and a personalized PIN code that will be required to access the call: https://register-conf.media-server.com/register/BIf2fe6a6b62164945946dae9bd02995a5. Participant Live Webcast Registration: To access the live webcast, please visit https://edge.media-server.com/mmc/p/svpo92yg or XBP Global’s Investor Relations website at https://investors.xbpglobal.com/. Rebroadcast: Following the live webcast, a replay will be available on the XBP Global Investor Relations website. To automatically receive XBP Global financial news by e-mail, please visit the XBP Global Investor Relations website, https://investors.xbpglobal.com/, and subscribe to E-mail Alerts. About XBP Global XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. With a presence in 20 countries and approximately 10,200 employees, XBP Global partners with over 2,000 clients, including many of the Fortune 100, to orchestrate mission-critical systems that enable hyper-automation. Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful digital transformations and workflows. By combining innovation with execution excellence, XBP Global helps businesses reimagine how they work, transact, and unlock value. For more news, commentary, and industry perspectives, visit: https://www.xbpglobal.com/ And please follow us on social: X: https://X.com/XBPglobal LinkedIn: https://www.linkedin.com/company/xbpglobal/ The information posted on XBP Global’s website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in XBP Global should monitor XBP Global’s website and its social media accounts in addition to XBP Global’s press releases, SEC filings and public conference calls and webcasts. CONTACT: Investor Relations: David Shamis, CFA, [email protected] | Media Queries: Srushti Rao, [email protected]

XBP Global called 2025 a “transition” year after acquiring Exela BPA, prioritizing platform integration, an AI‑led operating model, a rebuilt sales organization (new CRO hired), and positioning its services for highly regulated, private‑cloud deployments. On a pro forma basis, full‑year 2025 revenue fell to $879.6M (down 13.6% YoY) while gross margin rose to 21.9%; normalized EBITDA was $90.2M (down 13.7%) and post‑transaction cash outflows exceeded $21M. Management highlighted a strong sales rebound — Q4 new TCV bookings up 53.2% YoY and new ACV up 37.7% — creating a $1.4B pipeline and nearly $300M closed TCV in 2025, though revenue gains are delayed by implementation lags. Interested in XBP Global Holdings, Inc.? Here are five stocks we like better. XBP Global (NASDAQ:XBP) used its fourth-quarter 2025 earnings call to frame 2025 as a transition year following its late-July acquisition of Exela Technologies BPA, with management emphasizing platform integration, an AI-led operating model, and renewed investment in sales. CEO Andrej Jonovic and CFO Dejan Avramovic focused their prepared remarks on pro forma results intended to reflect the combined company, as well as early sales “green shoots” that have not yet flowed through to reported revenue. Jonovic said 2025 was “a defining year” for the company after the acquisition, describing three areas of focus: integrating the two platforms “into one XBP Global,” “voluntarily disrupting ourselves to become an AI-led company,” and investing for growth beginning with the hiring of a new Chief Revenue Officer, Mike Shufeldt, along with an expanded sales team. → The "Spotify of China" Just Got a Whole Lot Cheaper According to Jonovic, the combined organization has focused on “streamlin[ing] and simplify[ing]” operations and making talent changes to “future-proof” the culture. He said the company has “moved beyond the initial repositioning towards a focus on growth,” with an emphasis on “mission-critical outcomes” and incorporating AI “responsibly.” Jonovic highlighted two principles he said guide the approach: “human accountability” and “governance.” He also described a shift from traditional software development life cycle processes toward “AI-driven SDLC,” adding that the disruption is “function agnostic” and that employees are expected to use AI to improve output. Jonovic said the goal is “meaningful margin uplift over the coming period.” → Why Meta's "Bellwether" Legal Loss Could Open up a Can of Worms Jonovic argued XBP Global’s positioning benefits from its presence in “highly regulated environments,” citing sectors including healthcare, banking, financial services, and the public sector. He said these settings create “natural barriers to entry,” contending that “general AI simply cannot replace” the compliance, governance, and security demands tied to “mission-critical mandates.” He emphasized the company’s view that AI cannot fully replace domain expertise and oversight in complex decisions, describing XBP Global’s model as “anchoring” automation solutions with “human-in-the-loop or human-on-top processes.” → 3 Magnificent 7 Stocks at Make-or-Break Moments for AI Investors As an example of its approach to privacy and scale, Jonovic said the company “recently deployed a state-of-the-art large language model to a private cloud belonging to a major French insurance company” to support “a plethora of high-value agentic AI use cases.” He said the private-cloud approach was intended to protect privacy and avoid “escalating token costs or token maxing,” and that document processing custom neural networks can work “in tandem with agentic AI” to deliver value. Jonovic also cited the company’s role in handling “analog data and digital outcomes,” describing a need among many clients for support in processing “large, unstructured, and often physical datasets” into digital workflows. Avramovic said his financial comments would “primarily focus on pro forma results” given what he called “continued complexity in the GAAP results.” On a pro forma basis, XBP Global reported full-year 2025 revenue of $879.6 million, down 13.6% year-over-year. Avramovic attributed the decline primarily to “project completions and client exits,” partially offset by new client additions. He said the restructuring of BPA led to “expected restructuring related exits,” as customers were “effectively forced to diversify some of their business away from us.” He added that for much of the year the company “did not have a functioning sales funnel,” which weighed on retention and new business, but said that post-acquisition the company has “turned our sales engines back on” and is focused on ROI. For 2025, the company posted a pro forma gross margin of 21.9%, up 30 basis points year-over-year, which Avramovic said was driven by “a favorable sales mix” with the higher-margin technology segment lifting results. Pro forma normalized EBITDA was $90.2 million, down 13.7%, with normalized EBITDA margin flat year-over-year at 10.3%. Avramovic noted operating cash flows in the post-transaction period were negatively impacted by “expected cash outflows related to the transaction and pre-petition liabilities,” which he said exceeded $21 million. In the fourth quarter, XBP Global reported total revenue of $207 million, down 15.1% year-over-year on a pro forma basis. Pro forma gross margin increased 110 basis points to 22.7%, driven by margin expansion in the Applied Workflow Automation segment, while normalized EBITDA was $19.2 million, down 35% year-over-year. Avramovic said the revenue and EBITDA declines were largely attributable to “expected restructuring-related exits,” along with difficult comparisons to the prior year. Despite the revenue pressure, management highlighted a rebound in sales activity during the quarter. Avramovic said new TCV bookings in Q4 were up 53.2% year-over-year, more than double the third quarter and 68% above the prior four-quarter average. New ACV bookings rose 37.7% year-over-year, up 89% from Q3 and 47% above the previous four-quarter average. Avramovic said the improved sales velocity has not yet appeared in revenue because the company is “currently in an air pocket,” as legacy projects roll off while newly signed work remains in an “implementation lag” that can last “anywhere from a few weeks to several months.” He added that the company has seen “a small uptick in our gross margins,” which he attributed to “AI-enabled outcomes.” Avramovic said Applied Workflow Automation represents approximately 90% of revenue and includes bills and payments, healthcare industry solutions, on-site enterprise solutions, integrated communications, and enterprise legal management. The technology segment, at roughly 10% of revenue, contributes about 30% of gross profit, with gross margin “in the range of 55%-65%.” In Q4, Applied Workflow Automation revenue declined 15.1% year-over-year on a pro forma basis, while segment gross margin increased 140 basis points year-over-year and 110 basis points sequentially to 18.4%. Technology revenue declined 14.6% year-over-year but increased 1% sequentially to $21.7 million, which Avramovic tied to completion of one-time projects and some client exits. For the full year, Avramovic said the European region delivered revenue growth of 4.7% year-over-year, with gross margin increasing 130 basis points to 28.1%. He described Europe’s performance as driven by “large-scale deals with high levels of automation,” calling it “a blueprint” for expanding margins across the combined company. He also pointed to consolidated gross margins rising 200 basis points over the last two quarters due to “deliberate application of automation and focus on cost efficiency.” Jonovic provided additional operating metrics, saying the company has seen about a 70% uplift in speed of output within technology teams as AI-based SDLC is adopted. He also highlighted revenue per full-time employee, stating that XBP Global’s revenue per FTE is about $80,000, compared with an average of about $60,000 for a peer group he referenced, and said this reflects efforts to “decouple growth from headcount.” On customer concentration, Jonovic said XBP Global has a “diversified base of 2,500+ clients,” with no single client above 7.5% of revenue. He added that the top three clients account for about 17% of annual revenue and the top ten about 32%, and said more than 140 clients have annual contract value of $1 million or more. Jonovic also cited the Department of Veterans Affairs as a long-standing major client, saying the company has delivered AI-enabled services that support veterans’ care. From a sales standpoint, Jonovic said the company created about $1.4 billion of new pipeline in 2025, up 8% over 2024, and closed nearly $300 million of total contract value for the year, including about $100 million in the fourth quarter. He cautioned that sales cycles remain long and that macroeconomic headwinds persist. In Q4, Jonovic said the company closed about $34.8 million of new ACV across more than 560 separate deals, with successes including BFSI and manufacturing activity, a “win-back” with a large property and casualty insurance company, a contract with an aerospace and defense contractor, and several banking-related deals, as well as federal and local government contracts across the Americas and Europe. Looking ahead, Jonovic called 2026 “a pivotal year,” saying the company expects further margin improvement and continued progress toward becoming an “AI-led provider of mission-critical workflows.” XBP Europe Holdings, Inc provides bills, payments, and related solutions and services in France, Germany, the United Kingdom, Sweden, and internationally. The company operates through two segments, Bills & Payments and Technology. The Bills & Payments segment focuses on optimizing how bills and payments are processed by businesses of all sizes and industries. This segment also offers automation of accounts payable and accounts receivables processes and seeks to integrate buyers and suppliers, as well as engages in digital transformation business. The article "XBP Global Q4 Earnings Call Highlights" was originally published by MarketBeat.

This article first appeared on GuruFocus. Pro Forma Revenue (Full Year 2025): $879.6 million, down 13.6% year over year. Pro Forma Gross Margin (Full Year 2025): 21.9%, an increase of 30 basis points year over year. Pro Forma Normalized EBITDA (Full Year 2025): $90.2 million, a decrease of 13.7% year over year. Normalized EBITDA Margin (Full Year 2025): 10.3%, flat versus last year. Operating Cash Flows: Negatively impacted by cash outflows related to the transaction and pre-petition liabilities, exceeding $21 million. Revenue (Q4 2025): $207 million, a decline of 15.1% year over year. Gross Margin (Q4 2025): 22.7%, an increase of 110 basis points year over year. Normalized EBITDA (Q4 2025): $19.2 million, a decline of 35% year over year. New TCV Bookings (Q4 2025): Up 53.2% year over year. New ACV Bookings (Q4 2025): Up 37.7% year over year. Applied Workflow Automation Segment Revenue (Q4 2025): Decline of 15.1% year over year. Technology Segment Revenue (Q4 2025): Decline of 14.6% year over year, increased 1% sequentially to $21.7 million. European Region Revenue Growth (Full Year 2025): 4.7% year over year. European Region Gross Margin (Full Year 2025): 28.1%, an increase of 130 basis points year over year. Revenue per FTE: Approximately $80,000, exceeding the peer group average of approximately $60,000. Top 3 Clients Revenue Contribution: Approximately 17% of annual revenue. Top 10 Clients Revenue Contribution: 32% of annual revenue. Warning! GuruFocus has detected 6 Warning Signs with XBP. Is XBP fairly valued? Test your thesis with our free DCF calculator. Release Date: March 31, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. XBP Global Holdings Inc (NASDAQ:XBP) successfully completed the transformative acquisition of Exela Technologies BPA, integrating European and Americas/Asia businesses into one platform. The company is focusing on becoming an AI-led organization, which is expected to expand margins and improve operational efficiency. XBP Global Holdings Inc (NASDAQ:XBP) has a diversified client base with over 2,500 clients, and no single client accounts for more than 7.5% of revenue, reducing dependency on any single client. The company reported a significant increase in new TCV bookings, up 53.2% year over year in the fourth quarter, indicating strong sales momentum. Gross margins have improved, with a 200 basis point increase over the last two quarters, driven by automation and cost efficiency efforts. Pro forma revenue for the full year 2025 was down 13.6% year over year, primarily due to project completions and client exits. Normalized EBITDA decreased by 13.7% year over year, with a flat EBITDA margin of 10.3%, indicating challenges in maintaining profitability. The company experienced a 15.1% year-over-year decline in fourth-quarter revenue, attributed to restructuring-related client exits. Operating cash flows were negatively impacted by transaction-related cash outflows and pre-petition liabilities exceeding $21 million. Sales cycles remain long, and macroeconomic headwinds are creating challenges in converting sales momentum into immediate revenue growth. Q: Can you elaborate on the integration process following the acquisition of Exela Technologies BPA? A: Andrej Jonovic, CEO: The integration focused on streamlining and simplifying the organization, hiring new talent, and promoting from within to future-proof our culture. We've moved beyond initial repositioning to focus on growth and building a sustainable long-term enterprise embedded with clients' evolving needs. Q: How is XBP Global leveraging AI in its operations? A: Andrej Jonovic, CEO: We're disrupting legacy workflows by transitioning to AI-driven SDLC, expecting meaningful margin uplift. AI is used to augment human capabilities, ensuring mission-critical outcomes without compromising human accountability. Q: What are the financial highlights for the full year 2025? A: Dejan Avramovic, CFO: Pro forma revenue was $879.6 million, down 13.6% year over year, primarily due to project completions and client exits. Pro forma gross margin increased by 30 basis points to 21.9%, driven by a favorable sales mix in our technology segment. Q: Can you discuss the sales momentum and pipeline development? A: Dejan Avramovic, CFO: We created approximately $1.4 billion of new pipeline in 2025, up 8% over 2024. In Q4, new TCV bookings were up 53.2% year over year, indicating strong sales momentum despite long sales cycles and macroeconomic headwinds. Q: What is the company's strategy for maintaining client relationships and expanding its client base? A: Andrej Jonovic, CEO: We focus on mission-critical mandates in regulated environments, ensuring compliance and security. Our top 25 clients have been with us for over 15 years on average. We aim to offer disruptive outcomes and deeper integration with agentic AI solutions. For the complete transcript of the earnings call, please refer to the full earnings call transcript.