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XBP Global Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$11.5M in Q2 2026

Operating cash flow−$10.1M
Capital spending−$1.3M
Free cash flow−$11.5M

Analysis

In Q2 2026, XBP Global Holdings generated −$10.1M of operating cash flow and spent $1.3M on capital projects, leaving free cash flow of −$11.5M. That is $21.6M more than in Q2 2025 (−$33.1M).

Operating cash flow was −$10.1M against net income of −$16.7M. The largest differences: payables −$15.9M, depreciation & amortization +$15.3M, prepaid and other assets +$3.3M.

Free cash flow

XBP Global Holdings: free cash flow by quarterXBP Global Holdings: free cash flow by quarter−$4.0MQ1 2024−$2.1MQ2 2024−$6.1MQ3 2024$29.1MQ4 2024−$45.0MQ1 2025−$33.1MQ2 2025−$6.1MQ1 2026−$11.5MQ2 2026
Operating cash flow less capital spending.
XBP Global Holdings: operating cash flow against capital spendingXBP Global Holdings: operating cash flow against capital spendingOperating cash flowCapital spending−$3.6M$385KQ1 2024−$1.9M$168KQ2 2024−$1.5M$4.6MQ3 2024$30.3M$1.1MQ4 2024−$43.7M$1.3MQ1 2025−$32.1M$968KQ2 2025−$5.0M$1.1MQ1 2026−$10.1M$1.3MQ2 2026
Latest (Q2 2026): Operating cash flow −$10.1M, Capital spending $1.3M.

Capital allocation, year by year

XBP Global Holdings: where the cash came from (up) and went (down), by fiscal yearXBP Global Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingCapital spendingFY2022: Operating cash flow $9.9MFY2022: Net borrowing −$1.3MFY2022: Capital spending −$6.4M$9.9MFY2022FY2023: Operating cash flow −$1.5MFY2023: Capital spending −$2.3MFY2023FY2024: Operating cash flow $23.3MFY2024: Net borrowing −$26.9MFY2024: Capital spending −$6.3M$23.3MFY2024
Over these 3 years operating cash flow totalled $31.6M; the largest uses were net borrowing ($28.2M) and capital spending ($15.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$11.6M
Debt$1.4B
Net debt$1.4B
Due within a year$5.2M
Cash runway3 months

XBP Global Holdings is burning cash: its operations consume cash, a free cash flow of −$45.9M a year at the current rate against $11.6M of cash and investments: a runway of about 3 months; $5.2M of debt also comes due within a year, which would need refinancing or new money before any new financing.

XBP Global Holdings: debt maturities by year (FY2024)XBP Global Holdings: debt maturities by year (FY2024)$5.2MYear 1$2.9MYear 2$17.7MYear 3$4.4MYear 4
Principal due in each year as disclosed in the annual report, against $11.6M of cash and investments now.

Where the cash came from and went

XBP Global Holdings: sources (+) and uses (−) of cash, Q2 2026XBP Global Holdings: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)$25.1MOther financing−$14.9MOperating cash flow−$10.1MNet borrowing (+) / repaid (−)$1.7MCapital spending−$1.3MOther investing−$450KExchange rates$80KTaxes on employees’ shares−$27K

From profit to cash

XBP Global Holdings: net income to operating cash flow, Q2 2026XBP Global Holdings: net income to operating cash flow, Q2 2026Net income−$16.7MDepreciation & amortization$15.3MStock-based pay$533KDeferred taxes−$967KGains on disposals$156KReceivables$1.8MPayables−$15.9MPrepaid and other assets$3.3MOperating cash flow−$10.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026−$10.1M−$1.3M$1.7M$25.1M−$11.5M
Q1 2026−$5.0M−$1.1M−$351K$15.6M−$6.1M
Q2 2025−$32.1M−$968K−$1.4M$11.7M−$33.1M
Q1 2025−$43.7M−$1.3M−$895K$7.1M−$45.0M
Q4 2024$30.3M−$1.1M—−$26.4M$29.1M
Q3 2024−$1.5M−$4.6M−$18.8M$24.5M−$6.1M
Q2 2024−$1.9M−$168K−$344K−$12.1M−$2.1M
Q1 2024−$3.6M−$385K$678K$3.4M−$4.0M

XBP Global Holdings: income statement and cash flow

XBP Global Holdings, Q2 2026: revenue $191M (+5% year over year), operating margin -1.9%. The chart follows the revenue to costs, profit and cash.

XBP Global Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.