NASDAQ : XBP
XBP Global Holdings, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 2.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 31.37M
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Financial statements
XBP Global Holdings, Inc. (XBP) reported revenue of 804.75M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 804.75M | 791.04M | 872.69M | 155.18M | 180.49M | 205.95M |
| Cost of Revenue | 625.73M | 619.37M | 683.92M | 115.31M | 136.79M | 159.42M |
| Gross Profit | 179.02M | 171.67M | 188.77M | 39.87M | 43.70M | 46.53M |
| Selling, General & Admin | 143.89M | 115.52M | 135.41M | 37.93M | 42.37M | 41.29M |
| Operating Expenses | 203.43M | 164.06M | 185.72M | 40.87M | 46.76M | 46.46M |
| Operating Income | -24.41M | 7.61M | 3.05M | -1.00M | -3.06M | 71.00K |
| Interest Expense | -53.64M | -98.07M | -101.94M | -3.96M | -1.15M | -1.15M |
| Interest & Investment Income | 25.00K | 141.00K | ||||
| Currency Exchange Gain (Loss) | -599.00K | -1.18M | -1.16M | |||
| Other Non Operating Income (Expenses) | 1.14M | -920.00K | 2.60M | 597.00K | ||
| EBT Excluding Unusual Items | -76.91M | -91.38M | -96.29M | -4.96M | -5.37M | -2.10M |
| Merger & Restructuring Charges | -6.40M | |||||
| Impairment of Goodwill | -320.29M | -320.29M | -108.49M | |||
| Gain (Loss) on Sale of Assets | -1.31M | |||||
| Other Unusual Items | 1.52B | 1.56B | -363.00K | |||
| Pretax Income | 1.12B | 1.14B | -205.14M | -4.96M | -5.37M | -9.81M |
| Income Tax Expense | 35.17M | 40.89M | 10.01M | 606.00K | 2.56M | 2.92M |
| Earnings From Continuing Operations | 1.09B | 1.10B | -215.15M | -5.57M | -7.93M | -12.73M |
| Earnings From Discontinued Operations | -5.48M | |||||
| Net Income | 1.09B | 1.10B | -215.15M | -11.05M | -7.93M | -12.73M |
| Preferred Dividends & Other Adjustments | 1.45B | 1.45B | ||||
| Net Income to Common | -369.15M | -351.12M | -215.15M | -11.05M | -7.93M | -12.73M |
| Shares Outstanding (Basic) | 15.96M | 11.75M | 11.75M | 2.25M | 2.18M | |
| Shares Outstanding (Diluted) | 15.96M | 11.75M | 11.75M | 2.25M | 2.18M | |
| EPS (Basic) | -23.12 | -29.88 | -18.31 | -4.90 | -3.64 | |
| EPS (Diluted) | -23.12 | -29.88 | -18.31 | -4.90 | -3.64 | |
| Free Cash Flow | -90.12M | -150.62M | 16.97M | -3.87M | 3.52M | -4.95M |
| Free Cash Flow Per Share | -5.64 | -12.82 | 1.44 | -1.72 | 1.62 | |
| Gross Margin | 22.25% | 21.70% | 21.63% | 25.69% | 24.21% | 22.59% |
| Operating Margin | -3.03% | 0.96% | 0.35% | -0.65% | -1.69% | 0.03% |
| Profit Margin | -45.87% | -44.39% | -24.65% | -7.12% | -4.39% | -6.18% |
| Free Cash Flow Margin | -11.20% | -19.04% | 1.94% | -2.49% | 1.95% | -2.40% |
| EBITDA | 35.13M | 56.15M | 53.35M | 2.85M | 1.34M | 4.68M |
| EBITDA Margin | 4.37% | 7.10% | 6.11% | 1.84% | 0.74% | 2.27% |
| D&A For EBITDA | 59.53M | 48.54M | 50.31M | 3.85M | 4.39M | 4.61M |
| EBIT | -24.41M | 7.61M | 3.05M | -1.00M | -3.06M | 71.00K |
| EBIT Margin | -3.03% | 0.96% | 0.35% | -0.65% | -1.69% | 0.03% |
| Effective Tax Rate | 3.14% | 3.57% | ||||
| Advertising Expenses | 300.00K | 100.00K | 100.00K | 300.00K | 200.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.58M | 37.11M | 11.63M | 6.54M | 7.47M | 2.91M |
| Short-Term Investments | 2.91M | 936.00K | 492.00K | 340.00K | ||
| Cash & Short-Term Investments | 18.58M | 40.03M | 12.57M | 7.03M | 7.81M | 2.91M |
| Accounts Receivable | 130.40M | 131.02M | 30.77M | 30.24M | 35.98M | 35.11M |
| Other Receivables | 1.60M | 3.50M | 3.94M | |||
| Receivables | 130.40M | 131.02M | 30.77M | 31.84M | 52.74M | 53.12M |
| Inventory | 11.20M | 11.37M | 7.20M | 4.04M | 4.53M | 4.09M |
| Prepaid Expenses | 24.88M | 25.79M | 21.42M | 4.46M | 3.97M | 6.09M |
| Restricted Cash | 9.38M | 31.55M | 52.43M | |||
| Other Current Assets | 2.34M | 2.50M | 971.00K | |||
| Total Current Assets | 196.78M | 239.75M | 124.40M | 49.87M | 70.02M | 66.21M |
| Property, Plant & Equipment | 98.89M | 113.30M | 75.65M | 18.02M | 20.47M | 23.40M |
| Goodwill | 189.88M | 189.88M | 39.72M | 22.82M | 22.06M | 23.95M |
| Other Intangible Assets | 325.24M | 343.04M | 131.68M | 1.15M | 1.49M | 2.23M |
| Long-Term Deferred Tax Assets | 6.81M | 7.05M | 9.55M | |||
| Long-Term Deferred Charges | 385.00K | 1.04M | 1.16M | 350.00K | 44.00K | 60.00K |
| Other Long-Term Assets | 16.59M | 15.09M | 17.82M | 3.72M | 1.71M | 1.60M |
| Total Assets | 827.77M | 902.10M | 390.42M | 102.74M | 122.84M | 127.00M |
| Accounts Payable | 64.49M | 55.70M | 42.60M | 13.28M | 16.86M | 14.10M |
| Accrued Expenses | 118.61M | 117.10M | 193.12M | 40.12M | 38.12M | 40.01M |
| Current Portion of Long-Term Debt | 25.27M | 34.33M | 1.43B | 3.86M | 4.97M | 18.60M |
| Current Portion of Leases | 14.25M | 14.20M | 14.65M | 1.65M | 2.55M | 5.19M |
| Current Income Taxes Payable | 5.85M | 6.16M | 5.68M | |||
| Current Unearned Revenue | 31.64M | 33.57M | 26.48M | 6.33M | 6.72M | 7.91M |
| Other Current Liabilities | 47.83M | 60.98M | 74.19M | 16.83M | 32.66M | 16.61M |
| Total Current Liabilities | 307.94M | 322.04M | 1.79B | 82.07M | 101.89M | 102.42M |
| Long-Term Debt | 347.64M | 353.27M | 1.47M | 14.30M | 25.61M | 14.38M |
| Long-Term Leases | 23.62M | 29.39M | 30.29M | 3.81M | 4.62M | 7.68M |
| Pension & Post-Retirement Benefits | 7.61M | 6.24M | 1.04M | 12.21M | 16.08M | 27.36M |
| Long-Term Deferred Tax Liabilities | 47.53M | 52.59M | 13.12M | |||
| Other Long-Term Liabilities | 46.97M | 51.23M | 11.09M | 2.92M | 1.58M | 1.69M |
| Total Liabilities | 781.30M | 814.76M | 1.85B | 115.31M | 149.77M | 153.53M |
| Common Stock | 12.00K | 12.00K | -1.45B | 30.00K | -5.84M | 2.08M |
| Additional Paid-In Capital | 438.91M | 438.00M | ||||
| Retained Earnings | -394.59M | -351.12M | -11.34M | |||
| Comprehensive Income & Other | 2.13M | 455.00K | -7.15M | -1.26M | -21.09M | -28.61M |
| Shareholders' Equity | 46.46M | 87.34M | -1.46B | -12.57M | -26.93M | -26.53M |
| Total Liabilities & Equity | 827.77M | 902.10M | 390.42M | 102.74M | 122.84M | 127.00M |
| Total Debt | 410.78M | 431.19M | 1.48B | 23.63M | 37.75M | 45.86M |
| Net Cash (Debt) | -392.20M | -391.17M | -1.47B | -16.60M | -29.94M | -42.95M |
| Net Cash Per Share | -24.57 | -33.28 | -124.86 | -7.37 | -13.73 | |
| Filing Date Shares Outstanding | 11.88M | 11.77M | 3.04M | 3.02M | 3.02M | |
| Total Common Shares Outstanding | 11.78M | 11.76M | 3.02M | 3.02M | 3.02M | |
| Working Capital | -111.16M | -82.30M | -1.67B | -32.20M | -31.88M | -36.21M |
| Book Value Per Share | 3.94 | 7.43 | -482.92 | -4.17 | -8.93 | |
| Tangible Book Value | -468.66M | -445.58M | -1.63B | -36.54M | -50.48M | -52.71M |
| Tangible Book Value Per Share | -39.79 | -37.90 | -539.74 | -12.11 | -16.73 | |
| Land | 8.52M | 6.29M | ||||
| Buildings | 13.66M | 12.20M | 9.12M | 8.79M | 5.07M | |
| Machinery | 38.32M | 116.35M | 41.12M | 44.66M | 46.22M | |
| Leasehold Improvements | 15.71M | 36.33M | 686.00K | 967.00K | 1.04M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.09B | 1.10B | -215.15M | -11.05M | -7.93M | -12.73M |
| Depreciation & Amortization | 59.53M | 48.54M | 50.31M | 3.85M | 4.39M | 4.61M |
| Other Amortization | 21.06M | 3.34M | 294.00K | |||
| Loss (Gain) From Sale of Assets | 4.75M | 4.36M | -96.00K | 82.00K | -661.00K | |
| Asset Writedown & Restructuring Costs | -1.31B | -1.31B | 108.49M | |||
| Stock-Based Compensation | 1.90M | 1.09M | 1.60M | |||
| Provision & Write-off of Bad Debts | 382.00K | 1.73M | 18.09M | 343.00K | 181.00K | 216.00K |
| Other Operating Activities | 110.85M | 48.96M | 16.49M | -1.64M | 3.22M | 5.52M |
| Change in Accounts Receivable | -52.18M | -81.66M | 6.08M | 5.99M | -3.37M | 3.71M |
| Change in Inventory | -58.00K | -688.00K | 939.00K | |||
| Change in Accounts Payable | -21.55M | 21.32M | 33.10M | -2.42M | 3.83M | 1.57M |
| Change in Unearned Revenue | -471.00K | 510.00K | -524.00K | |||
| Change in Other Net Operating Assets | 15.37M | 13.75M | 4.36M | 3.91M | 9.66M | -5.98M |
| Operating Cash Flow | -81.03M | -141.71M | 23.27M | -1.53M | 9.89M | -3.04M |
| Capital Expenditures | -9.09M | -8.91M | -6.29M | -2.33M | -6.37M | -1.92M |
| Sale of Property, Plant & Equipment | 998.00K | 917.00K | 2.97M | 3.07M | ||
| Cash Acquisitions | 1.49M | 1.49M | ||||
| Sale (Purchase) of Intangibles | -2.51M | -2.52M | -3.16M | -339.00K | ||
| Investing Cash Flow | -9.12M | -9.03M | -6.49M | -2.67M | -6.37M | 1.15M |
| Long-Term Debt Issued | 302.83M | 74.10M | 87.86M | 124.81M | 144.22M | |
| Long-Term Debt Repaid | -138.97M | -76.32M | -93.37M | -126.14M | -148.84M | |
| Net Debt Issued (Repaid) | 84.23M | 163.86M | -2.22M | -5.51M | -1.33M | -4.62M |
| Other Financing Activities | -7.72M | -5.49M | -533.00K | 5.21M | 1.00K | |
| Financing Cash Flow | 76.42M | 158.37M | -2.76M | -305.00K | -1.33M | -4.62M |
| Foreign Exchange Rate Adjustments | -3.58M | -3.04M | -3.45M | 3.94M | 2.37M | 166.00K |
| Miscellaneous Cash Flow Adjustments | -2.00K | |||||
| Net Cash Flow | -17.32M | 4.60M | 10.57M | -568.00K | 4.56M | -6.34M |
| Free Cash Flow | -90.12M | -150.62M | 16.97M | -3.87M | 3.52M | -4.95M |
| Free Cash Flow Margin | -11.20% | -19.04% | 1.94% | -2.49% | 1.95% | -2.40% |
| Free Cash Flow Per Share | -5.64 | -12.82 | 1.44 | -1.72 | 1.62 | |
| Levered Free Cash Flow | 76.32M | -171.46M | 177.17M | -366.00K | 12.24M | |
| Unlevered Free Cash Flow | 88.78M | -113.50M | 240.88M | 2.11M | 12.96M | |
| Cash Interest Paid | 32.85M | 17.73M | 74.82M | 1.80M | 3.03M | 2.91M |
| Cash Income Tax Paid | 5.95M | 5.85M | 3.59M | 1.06M | 1.29M | -130.00K |
| Change in Working Capital | -58.35M | -46.59M | 43.53M | 6.95M | 9.94M | -284.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 31.37M | 80.03M | 32.88M | 159.88M | 300.95M | 317.26M |
| Enterprise Value | 423.57M | 472.52M | 65.05M | 194.41M | ||
| Last Close Price | 2.64 | 6.81 | 10.90 | 53.00 | 104.10 | 99.80 |
| PS Ratio | 0.04 | 0.10 | 0.04 | 1.03 | 1.67 | 1.54 |
| PB Ratio | 0.67 | 0.92 | -0.02 | -12.72 | -11.18 | -11.96 |
| P/FCF Ratio | 1.94 | 85.40 | ||||
| P/OCF Ratio | 1.41 | 30.43 | ||||
| EV/Sales Ratio | 0.53 | 0.60 | 0.07 | 1.25 | ||
| EV/EBITDA Ratio | 12.06 | 8.41 | 1.22 | 68.29 | ||
| EV/EBIT Ratio | 62.08 | 21.34 | ||||
| EV/FCF Ratio | 3.83 | |||||
| Debt / Equity Ratio | 8.84 | 4.94 | -1.02 | -1.88 | -1.40 | -1.73 |
| Debt / EBITDA Ratio | 5.47 | 4.64 | 17.73 | 2.87 | 5.60 | 4.07 |
| Debt / FCF Ratio | 87.19 | 10.71 | ||||
| Net Debt / Equity Ratio | 8.44 | 4.48 | -1.01 | -1.32 | -1.11 | -1.62 |
| Net Debt / EBITDA Ratio | 11.16 | 6.97 | 27.50 | 5.83 | 22.36 | 9.18 |
| Net Debt / FCF Ratio | -4.35 | -2.60 | 86.45 | -4.29 | 8.50 | -8.67 |
| Asset Turnover | 1.73 | 1.22 | 3.54 | 1.38 | 1.45 | |
| Inventory Turnover | 82.08 | 66.71 | 121.60 | 26.91 | 31.74 | |
| Quick Ratio | 0.48 | 0.53 | 0.02 | 0.47 | 0.46 | 0.41 |
| Current Ratio | 0.64 | 0.74 | 0.07 | 0.61 | 0.69 | 0.65 |
| Return on Assets (ROA) | -3.27% | 0.74% | 0.77% | -0.56% | -1.53% | |
| Return on Invested Capital (ROIC) | -5.29% | -4.83% | -13.42% | 0.29% | ||
| Return on Capital Employed (ROCE) | -4.70% | 1.30% | -0.20% | -4.90% | -14.60% | 0.30% |
| Earnings Yield | -875.88% | 1,378.93% | -654.33% | -6.91% | -2.63% | -4.01% |
| FCF Yield | -287.31% | -188.21% | 51.62% | -2.42% | 1.17% | -1.56% |
| Buyback Yield / Dilution | -33.99% | -421.48% | -3.36% |