IRVING, Texas, March 30, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. ("XBP Global" or "the Company") $(XBP)$, a multinational technology and services company orchestrating mission-critical systems that enable hyper-automation and digital transformation, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025.
Following the transformative acquisition of Exela Technologies BPA, LLC ("BPA") in July 2025, the Company is reporting results that reflect a significant transition period. To provide a clearer view of the combined business' performance, the Company has included pro forma metrics alongside reported GAAP results, with reconciliations to the most comparable GAAP metrics in this release, where applicable. Reported results exclude the results of our European operations ("XBP Europe") until July 31, 2025 and treat BPA as the accounting acquirer. Thus, reported results for the full year 2025 include the historical results of BPA and are not comparable to previous annual earnings results presented by the Company.
Full Year 2025 Highlights
-- Reported revenue1totaled $791.0 million, a decline of 9.4% year-over-year
-- Combined Pro Forma Revenue2totaled $879.6 million, a decline of 13.6%
year-over-year
-- Gross margin on a reported basis was 21.7%, a 10 basis point increase
year-over-year
-- Pro Forma Gross Margin2was 21.9%, a 30 basis point increase
year-over-year
-- GAAP net income of $1.1 billion, compared to a Net Loss of $215.2 million
the prior year
-- Pro Forma Adjusted EBITDA2,3of $90.7 million, a decrease of 13.1%
year-over-year
-- Closed $297.8 million of Total Contract Value ("TCV"5), including $163.8
million of new TCV
Fourth Quarter 2025 Highlights
-- Revenue totaled $207.0 million, a decline of 15.1% year-over-year on a
pro forma basis4
-- Gross margin was 22.7%, a 110 basis point increase year-over-year on a
pro forma basis4
-- Pro Forma Adjusted EBITDA3of $19.8 million, a decrease of 33.0%
year-over-year4
-- Closed $60.2 million of new TCV, a 53.2% increase year-over-year and
68.4% above the previous four quarter average4,5
-- Closed $34.8 million of new ACV, a 37.7% increase year-over-year and
46.7% above the previous four quarter average4,5
"2025 was a defining year of transition for XBP Global, as we successfully acquired Exela Technologies BPA and repositioned the new company as XBP Global," said Andrej Jonovic, Chief Executive Officer of XBP Global. "While our financial results reflect expected revenue adjustments as we addressed legacy performance trends in the acquired business, we have been laser-focused on stabilizing the portfolio and laying the groundwork for a return to growth.
"We have strategically invested in our sales leadership and ramped up our client outreach initiatives to win back business and new client relationships. Additionally, through our focused rollout of AI across functions, we are unlocking significant operating leverage and driving gross margin expansion throughout the business. We enter 2026 with an enhanced suite of agentic AI-driven solutions which will enable more clients to transition from labor-intensive, reactive workflows to orchestrated, exception-driven workflows."
Full Year 2025 Segment Results:
As Reported
As Reported Revenue (in
$'000) As Reported Gross Margin
FY FY FY Y/Y
2025 2024 Y/Y (%) 2025 FY 2024 (bps)
-------- -------- ----------
Applied
Workflow
Automation $723,211 $816,447 -11.4% 17.9% 18.5% -60 bps
Technology 67,831 56,243 20.6% 62.5% 67.1% -460 bps
------------- ---------- -------- --------- ----------
Total As
Reported $791,042 $872,690 -9.4% 21.7% 21.6% +10 bps
------------- -------- -------- ---------- -------- --------- ----------
Pro Forma
Pro Forma Revenue (in $'000) Pro Forma Gross Margin
FY Y/Y
2025 FY 2024 Y/Y (%) FY 2025 FY 2024 (bps)
-------- ---------- ---------
Applied
Workflow -10
Automation $788,563 $920,464 -14.3% 17.4% 17.5% bps
-70
Technology 91,038 97,154 -6.3% 60.6% 61.3% bps
------------- -------- ---------- --------- --------- --------- --------
Total Pro +30
Forma $879,600 $1,017,618 -13.6% 21.9% 21.6% bps
------------- -------- ---------- --------- --------- --------- --------
Fourth Quarter 2025 Segment Results(6) :
Revenue (in $'000) Gross Margin
Q4 Q4 Y/Y
Q4 2025 2024(4) Y/Y (%) Q4 2025 2024(4) (bps)
--------- --------- ---------
Applied
Workflow +140
Automation $185,234 $218,286 -15.1% 18.4% 17.0% bps
-150
Technology 21,740 25,464 -14.6% 59.1% 60.6% bps
------------- --------- --------- --------- --------- --------- --------
+110
Total $206,974 $243,750 -15.1% 22.7% 21.6% bps
------------- --------- --------- --------- --------- --------- --------
Below are the notes referenced above:
(1) Reported results exclude XBP Europe until July 31, 2025 and treat BPA as the accounting acquirer. Thus, reported results are not comparable to previous annual earnings results presented by the Company.
(2) Financial results are presented on an unaudited pro forma basis, as if the acquisition of BPA had been consummated on January 1, 2024.
(3) Adjusted EBITDA is a non-GAAP measure. A reconciliation of non-GAAP measures is attached to this release.
(4) Pro forma results reflect the combined company as if the BPA acquisition had occurred on January 1, 2024, and include adjustments to provide period-to-period comparability where the reported results exclude XBP Europe until July 31, 2025.
(5) Total Contract Value ("TCV") represents the initial estimated revenue related to contracts signed in the period without regard for early termination or revenue recognition rules. Changes to contracts and scope are treated as TCV only to the extent of the incremental new value. New TCV represents TCV attributable to expansion and new scope for existing clients, as well as TCV attributable to new clients. Annual contract value ("ACV") represents the annualized value of the TCV, calculated by dividing the TCV of each individual contract by its respective duration in years.
(6) Presented on a pro forma basis for the combined company, as if the acquisition of BPA had been consummated on January 1, 2024
Earnings Call and Supplemental Investor Presentation
The Company will host a live conference call at 5:00 pm Eastern Time on March 31, 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/BI8754ccb3a592449193b50ac393727563.
Participant Live Webcast Registration: To access the live webcast, please visit https://edge.media-server.com/mmc/p/p2mcrcec 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 fourth quarter and full year 2025 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, Adjusted EBITDA, and Pro Forma Adjusted EBITDA, which are not prepared in accordance with GAAP.
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 Adjusted 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 Adjusted EBITDA as Adjusted 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 involves management judgment, 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 10,600 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.
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XBP Global Holdings, Inc. and Subsidiaries
Consolidated and Combined Balance Sheets
As of December 31, 2025 (Successor) and December 31,
2024 (Predecessor)
(in thousands of United States dollars except share
and per share amounts)
Successor Predecessor
Combined and
Consolidated Consolidated
December 31, December 31,
2025 2024
Assets
Current assets
Cash and cash equivalents $ 37,113 $ 11,635
Restricted cash 31,553 52,432
Accounts receivable, net of allowance
for credit losses of $5,660 and
$3,279, respectively 130,281 18,663
Related party receivables and prepaid
expenses 736 12,105
Inventories, net 11,365 7,204
Prepaid expenses and other current
assets 28,699 22,358
Total current assets 239,747 124,397
Property, plant and equipment, net of
accumulated depreciation of $11,094
and $193,946, respectively 82,956 45,106
Operating lease right-of-use assets,
net 30,339 30,543
Goodwill 189,881 39,718
Intangible assets, net 344,080 132,842
Other noncurrent assets 15,094 17,815
Total assets $ 902,097 $ 390,421
Liabilities and Stockholders' Equity
(Deficit)
Liabilities
Current liabilities
Current portion of long-term debt $ 34,334 $ 1,433,484
Accounts payable 55,700 42,602
Related party payables 5,343 3,383
Income tax payable 6,158 5,682
Accrued liabilities 47,101 44,898
Accrued compensation and benefits 56,314 68,179
Accrued interest 13,685 80,039
Customer deposits 21,691 19,900
Deferred revenue 11,881 6,583
Obligation for claim payment 55,632 70,805
Current portion of finance lease
liabilities 4,390 5,441
Current portion of operating lease
liabilities 9,814 9,210
Total current liabilities 322,043 1,790,206
Long-term debt, net of current
maturities 353,267 1,468
Finance lease liabilities, net of
current portion 6,857 6,381
Net defined benefit liability 6,241 1,041
Deferred income tax liabilities 52,595 13,118
Long-term income tax liabilities 10,554 8,285
Operating lease liabilities, net of
current portion 22,530 23,907
Other long-term liabilities 40,671 2,803
Total liabilities 814,758 1,847,209
Commitments and Contingencies (Note
16)
Stockholders' Equity (Deficit)
Successor's common stock, par value
of $0.0001 per share; 400,000,000
shares authorized; 11,755,434 shares
issued and outstanding as of December
31, 2025 12 --
Successor's preferred stock, par
value of $0.0001 per share;
20,000,000 shares authorized; none
issued and outstanding as of December
31, 2025 -- --
Additional paid in capital 437,995 --
Accumulated deficit (351,123) --
Predecessor's net parent investment -- (1,449,634)
Accumulated other comprehensive loss:
Foreign currency translation
adjustment (1,263) (7,154)
Unrealized pension actuarial gains,
net of tax 1,718 --
Total accumulated other comprehensive
profit (loss) 455 (7,154)
Total stockholder's equity
(deficit) 87,339 (1,456,788)
Total liabilities and stockholder's
equity (deficit) $ 902,097 $ 390,421
XBP Global Holdings, Inc. and Subsidiaries
Consolidated and Combined Statements of Operations
For the periods August 1, 2025 to December 31, 2025
(Successor), January 1, 2025 to July 31, 2025 (Predecessor),
and the year ended December 31, 2024 (Predecessor)
(in thousands of United States dollars except share
and per share amounts)
Successor Predecessor
-------------- ---------------------------------
Consolidated Combined and Consolidated
-------------- ---------------------------------
Period from Period from
August 1, 2025 January 1, 2025
through through July Year Ended
December 31, 31, December 31,
2025 2025 2024
-------------- --------------- ----------------
Revenue $ 358,821 $ 429,187 $ 867,109
Related party
revenue 560 2,474 5,581
Cost of revenue
(exclusive of
depreciation and
amortization) 279,391 339,981 683,924
Selling, general
and
administrative
expenses
(exclusive of
depreciation and
amortization) 49,669 53,946 124,440
Depreciation and
amortization 26,225 22,313 50,307
Impairment of
goodwill 320,292 -- 108,489
Related party
expense, net 5,386 5,750 10,971
--------- ---------- ---------
Operating profit
(loss) (321,582) 9,671 (105,441)
Other expense
(income), net:
Interest
expense, net 24,237 75,226 101,939
Debt
modification
and
extinguishment
costs, net -- 121 363
Sundry expense
(income), net 274 1,644 (2,087)
Other income,
net (1,596) (28) (515)
--------- ---------- ---------
Loss before
reorganization
items and income
taxes (344,497) (67,292) (205,141)
Reorganization
items 1,615 (1,557,825) --
--------- ---------- ---------
Profit (loss)
before income
taxes (346,112) 1,490,533 (205,141)
Income tax
expense 5,011 35,875 10,009
--------- ---------- ---------
Net profit (loss) $ (351,123) $ 1,454,658 $ (215,150)
--------- ---------- ---------
Net loss per
common share
Basic and
diluted (29.88)
XBP Global Holdings, Inc. and Subsidiaries
Condensed Consolidated and Combined Statements of
Cash Flows
For the periods August 1, 2025 to December 31, 2025
(Successor), January 1, 2025 to July 31, 2025 (Predecessor),
and the year ended December 31, 2024 (Predecessor)
(in thousands of United States dollars except share
and per share amounts)
Successor Predecessor
-------------- ---------------------------
Consolidated Combined and Consolidated
-------------- ---------------------------
Period from Period from
August 1, 2025 January 1,
through 2025 through Year Ended
December 31, July 31, December 31,
2025 2025 2024
--------- --- ----------- ---------
Cash flows from
operating
activities
Net profit (loss) $(351,123) $ 1,454,658 $(215,150)
Adjustments to
reconcile net
profit (loss) to
cash provided by
(used in)
operating
activities
Depreciation and
amortization 26,225 22,313 50,307
Original issue
discount, debt
premium and
debt issuance
cost
amortization 3,336 (14,595) (65,910)
Reorganization
items -- (1,626,790) --
Interest on BR
Exar AR
Facility -- (2,399) (5,226)
Debt
modification
and
extinguishment
loss (gain),
net -- 121 363
Impairment of
goodwill 320,292 -- 108,489
Provision for
credit losses 2,007 (278) 18,094
Deferred income
tax provision 389 36,396 939
Equity-based
compensation
expense 886 204 1,599
Unrealized
foreign
currency (gain)
loss 849 (659) (364)
Loss (gain) on
sale of assets 2,395 1,967 (96)
Fair value
adjustment for
private
warrants
liability 6 -- --
Paid-in-kind
interest -- 28,848 86,688
Change in
operating
assets and
liabilities,
net of effect
from
acquisitions
Accounts
receivable 12,053 (93,713) 6,076
Prepaid
expenses and
other current
assets 5,975 (2,203) 2,397
Accounts
payable and
accrued
liabilities (9,017) 30,172 33,097
Related party
receivables
(payables) 4,002 6,134 2,354
Additions to
outsourced
contract
costs (43) (118) (390)
-------- ---------- --------
Net cash
provided by
(used in)
operating
activities 18,232 (159,942) 23,267
-------- --- ---------- --------
Cash flows from
investing
activities
Net cash received
from acquisition
(Refer Note 5) -- 1,485 --
Purchase of
property, plant
and equipment (5,802) (3,081) (6,294)
Additions to
internally
developed
software (1,451) (1,067) (3,160)
Proceeds from sale
of assets 917 (27) 2,966
-------- --- ---------- --------
Net cash used
in investing
activities (6,336) (2,690) (6,488)
-------- ---------- --------
Cash flows from
financing
activities
Cash paid for debt
issuance costs (1,770) (3,719) (533)
Principal payments
on finance lease
obligations (1,670) (3,360) (6,573)
Borrowings from
other loans 10,951 3,785 14,751
Proceeds from
Issuance of July
2030 Notes 3,520 -- --
Proceeds from
Revolving Credit
Facility -- 18,000 --
Proceeds from
Super Senior Term
Loan -- 40,000 --
Proceeds from ABL
Facility 46,900 58,903 --
Repayments on ABL
Facility (28,800) -- --
Repayment of
Second Lien Note (3,750) (5,975) (6,000)
Proceeds from DIP
New Money Loans -- 80,000 --
Borrowing under BR
Exar AR Facility 17,000 23,775 59,349
Repayments under
BR Exar AR
Facility (23,025) (23,397) (52,262)
Principal
repayments on
senior secured
term loans and
other loans (6,247) (42,748) (11,488)
-------- ---------- --------
Net cash
provided by
(used in)
financing
activities 13,109 145,264 (2,756)
-------- --- ---------- --------
Effect of exchange
rates on cash,
restricted cash
and cash
equivalents (234) (2,804) (3,451)
-------- ---------- --------
Net increase
(decrease)
in cash,
restricted
cash and
cash
equivalents 24,771 (20,172) 10,572
Cash, restricted
cash and cash
equivalents
Beginning of
period 43,895 64,067 53,495
-------- --- ---------- --------
End of period $ 68,666 $ 43,895 $ 64,067
======== === ========== ========
Supplemental cash
flow data:
Income tax
payments, net of
refunds received $ 2,949 $ 2,897 $ 3,590
Interest paid 7,652 10,077 74,820
Cash paid for
reorganization
items -- 68,965 --
Noncash investing
and financing
activities:
Assets acquired
through
right-of-use
arrangements 3,373 11,444 22,768
Waiver and consent
fee payable added
to outstanding
balance of Senior
Secured Term
Loan -- -- 1,000
Promissory note
issued for assets
acquisition -- -- 2,371
Common stock
issued for the
Business
Combination -- 32,328 --
Common stock
issued to settle
liabilities
subject to
compromise -- 407,363 --
Issuance of July
2030 Notes for
settlement of the
DIP Facility -- 175,000 --
Conversion of DIP
Facility into
Super Senior Term
Loan -- 6,000 --
Accrued capital
expenditures 105 180 1,310
Reconciliation of Revenue and Gross Profit As Reported
to Combined Pro Forma Revenue and Gross Profit for
the Twelve Months Ended December 31, 2025
(in thousands of United States dollars)
FY 2025 FY 2024
------------
As Reported Revenue $791,042 $872,690
Intercompany Eliminations (2,596) (5,908)
Revenue Adjustment for XBP Europe 91,154 150,836
-------------------------------------------- --------- ----------
Pro Forma Revenue $879,600 $1,017,618
-------------------------------------------- --------- ----------
As Reported Cost of Revenue 619,372 683,924
Intercompany Eliminations (186)
Cost of Revenue Adjustment for XBP Europe 68,079 113,396
-------------------------------------------- --------- ----------
Pro Forma Cost of Revenue $687,265 $797,320
-------------------------------------------- --------- ----------
As Reported Gross Profit $171,670 $188,766
Intercompany Eliminations (2,410) (5,908)
Gross Profit Adjustment for XBP Europe 23,075 37,440
-------------------------------------------- --------- ----------
Pro Forma Gross Profit $192,335 $220,298
-------------------------------------------- --------- ----------
Reconciliation of Net Income to Pro Forma Adjusted
EBITDA for the Twelve Months Ended December 31, 2025
(in thousands of United States dollars)
Three Months Ended Twelve Months Ended
December December December 31, December 31,
31, 2025 31, 2024 2025 2024
--------- ---------- ------------ ------------
Net income
(loss) $(45,286) $(134,987) $ 1,103,535 $(227,294)
XBP Europe Net
Loss (13,360)
--------- ---------- ---------- ------------
Pro Forma Net
Income (Loss) $(45,286) $(134,987) $ 1,090,175 $(227,294)
Income tax
expense 1,641 773 42,191 12,920
Interest expense
(income), net 14,529 28,287 104,034 108,406
Depreciation and
amortization 17,084 12,493 50,134 54,022
---------------- ------- -------- ---------- --------
Pro Forma EBITDA $(12,032) $ (93,434) $ 1,286,534 $ (51,946)
Impairment of
goodwill 24,492 108,144 320,292 108,574
Network outage
related
insurance
claim (5,300) (3,535) (5,300) (7,085)
Transaction and
integration
costs (1) 3,302 685 10,820 5,999
Office closure
cost 2,980 - 2,980 -
Loss (gain) on
sale of assets
(2) 2,205 462 4,362 (97)
Optimization and
restructuring
expenses (3) 1,093 6,894 7,067 10,645
Severance 1,077 1,656 6,075 3,431
Foreign exchange
losses, net (1,004) 504 33 2,520
Reorganization
items 784 - (1,556,210) -
Non-cash equity
compensation
(4) 628 834 5,395 3,211
Adjustments to
reserve for
general
unsecured
claims 599 - 599 -
Network outage
related
customer
settlement 567 - 567 -
Restructuring
and related
expenses 399 - 399 -
EBITDA from
Previously
Discontinued
Operations (5) 18 1,533 3,007 4,796
Changes in fair
value of
warrant
liability (3) 2 (5) (43)
DMR Related
write-off - - 1,209 -
Payroll tax
penalties - 1,673 2,789 4,293
Debt
modification
and
extinguishment
costs (gain),
net - 106 121 363
Employee
litigation
matter - 205 - 1,129
Other charges
including
non-cash - - -
Bad Debt - 1,411 - 16,117
China
Dissolution - 1,258 - 1,742
Out-of-Period
adjustments - 1,183 - 793
---------------- ------- -------- ---------- --------
Pro Forma
Adjusted
EBITDA $ 19,805 $ 29,582 $ 90,734 $ 104,442
(1) Represents one-time costs associated with restructuring, including professional and legal fees
(2) Represents a loss/(gain) recognized on the disposal of property, plant, and equipment and other assets
(3) Represents the annualized run-rate cost savings from optimization and restructuring initiatives implemented during the period. These adjustments reflect the impact as if such cost savings had been realized for the entire period presented.
(4) Represents non-cash charges related to stock-based compensation
(5) Represents loss related to discontinued operations
Source: XBP Global Holdings, Inc.
Investor Relations: David Shamis, investors@xbpglobal.com | Media Queries: Srushti Rao, press@xbpglobal.com
(END) Dow Jones Newswires
March 30, 2026 09:00 ET (13:00 GMT)