Filing Flows › XBP Global Holdings (XBP) › Q2 2026
XBP Global Holdings (XBP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
XBP Global Holdings (XBP) reported revenue of $191M for the second quarter 2026 (Q2 2026), +5% from a year earlier and -3% from the quarter before. Operating margin was -1.9%, net loss $16.7M (8.7% of revenue).
XBP Global Holdings, Q2 2026: revenue $191M (+5% year over year), operating margin -1.9%, net loss $16.7M, operating cash flow −$10.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $191M | -3% | +5% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$16.7M | — | — |
| Operating cash flow | −$10.1M | — | — |
What changed
Revenue was $191.3M in Q2 2026, up 5% year over year and down 3% from the previous quarter. Applied Workflow Automation was the largest line at 87% of revenue. Technology added $12.3M year over year (up 101%), 143% of the total change. Applied Workflow Automation declined 2%.
Gross margin was 21.5%, up 0.9 points from Q2 2025. Operating costs exceeded revenue by $3.7M, an operating margin of -1.9%. Operating expenses grew 40% against revenue growth of 5%. The quarter ended with a net loss of $16.7M, narrower than the previous quarter's $26.8M loss. Net interest and other expense of $14.7M was the main reason.
Operating cash flow was −$10.1M. Non-cash charges added back $15.3M of depreciation and amortization and $533K of share-based compensation. Working capital and other items used $9.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$11.5M.
Questions
What was XBP Global Holdings' revenue in the second quarter 2026?
XBP Global Holdings (XBP) reported revenue of $191M for the second quarter 2026 (Q2 2026), +5% from a year earlier and -3% from the quarter before.
Was XBP Global Holdings profitable in the second quarter 2026?
Operating loss was $3.7M (-1.9% of revenue) and net loss $16.7M.