Filing Flows › XBP Global Holdings (XBP) › Q1 2026
XBP Global Holdings (XBP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
XBP Global Holdings (XBP) reported revenue of $197M for the first quarter 2026 (Q1 2026), +3% from a year earlier. Operating margin was -7.7%, net loss $26.8M (13.6% of revenue).
XBP Global Holdings, Q1 2026: revenue $197M (+3% year over year), operating margin -7.7%, net loss $26.8M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | — | +3% |
| Operating profit | −$15.1M | — | — |
| Net earnings | −$26.8M | — | — |
| Operating cash flow | −$5.0M | — | — |
What changed
Revenue was $197.1M in Q1 2026, up 3% year over year. Applied Workflow Automation was the largest line at 91% of revenue. Technology added $4.6M year over year (up 33%), 90% of the total change.
Gross margin was 22.9%, up 1.4 points from Q1 2025. Operating costs exceeded revenue by $15.1M, an operating margin of -7.7%. Operating expenses grew 71% against revenue growth of 3%. The quarter ended with a net loss of $26.8M.
Operating cash flow was −$5.0M. Non-cash charges added back $14.8M of depreciation and amortization and $484K of share-based compensation. Working capital and other items added $6.4M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$6.1M.
Questions
What was XBP Global Holdings' revenue in the first quarter 2026?
XBP Global Holdings (XBP) reported revenue of $197M for the first quarter 2026 (Q1 2026), +3% from a year earlier.
Was XBP Global Holdings profitable in the first quarter 2026?
Operating loss was $15.1M (-7.7% of revenue) and net loss $26.8M.