Filing Flows › XBP Global Holdings (XBP) › Q2 2025
XBP Global Holdings (XBP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
XBP Global Holdings (XBP) reported revenue of $183M for the second quarter 2025 (Q2 2025) and -5% from the quarter before. Operating margin was -0.9%, net loss $6.9M (3.8% of revenue).
XBP Global Holdings, Q2 2025: revenue $183M, operating margin -0.9%, net loss $6.9M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | -5% | — |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $182.7M in Q2 2025, down 5% from the previous quarter.
Gross margin was 6.5%. Operating costs exceeded revenue by $1.6M, an operating margin of -0.9%. The quarter ended with a net loss of $6.9M, wider than the previous quarter's $4.3M loss. Net interest and other expense of $4.8M was the main reason.
Operating cash flow was −$3.1M. Non-cash charges added back $607K of depreciation and amortization and $424K of share-based compensation. Working capital and other items added $2.8M. Capital expenditures of $910K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was XBP Global Holdings' revenue in the second quarter 2025?
XBP Global Holdings (XBP) reported revenue of $183M for the second quarter 2025 (Q2 2025) and -5% from the quarter before.
Was XBP Global Holdings profitable in the second quarter 2025?
Operating loss was $1.6M (-0.9% of revenue) and net loss $6.9M.