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XBP Global Holdings, Inc. Reports Second Quarter 2026 Financial Results

XBP
  • XBP Global Holdings, Inc. reported second quarter 2026 revenue of $191.3 million, a 14.0% year-over-year decline on a pro forma basis.
  • The company achieved a gross margin of 21.5% and a record adjusted gross margin of 24.9%, both increasing year-over-year on a pro forma basis.
  • Net loss for the quarter totaled $16.7 million, while Normalized EBITDA reached $21.9 million, representing an 8.4% year-over-year increase.
  • Total contract value (TCV) closed at $121.3 million, up 51.6% year-over-year, while new annual contract value (ACV) reached $36.0 million, up 57.0% year-over-year.
  • XBP Global raised its annualized operational efficiency target from $55-$60 million to $65-$75 million, with an expected 2026 in-year benefit of approximately $35 million driven by AI-led automation.
  • CEO Andrej Jonovic cited favorable revenue mix 8 AI-first automation strategy as drivers for improved profitability 8 noted that demand remains strongest for secure, on-premise automation in healthcare.
  • The company is advancing strategic alternatives 8 has engaged a financial advisor to evaluate potential transactions.
  • Financial highlights include a cash balance of $18.6 million as of June 30, 2026, 8 total assets of $827.8 million, 888 total liabilities of $781.3 million, 888 stockholders' equity of $46.5 million.
  • The company will host an earnings call on August 13, 2026, at 5:00 pm Eastern Time 8 featuring CEO Andrej Jonovic 8 CFO Dejan Avramovic.
  • Pro forma results assume the July 2025 acquisition of Exela Technologies BPA, LLC occurred on January 1, 2025, 8 exclude XBP Europe results until July 31, 2025.