Business
XBP Global Holdings, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
IRVING, Texas, March 30, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a multinational technology and
About this update from Xbp Global Holdings, Inc.
[{"type":"text","content":"IRVING, Texas, March 30, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: 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-yearCombined Pro Forma Revenue2totaled $879.6 million, a decline of 13.6% year-over-yearGross margin on a reported basis was 21.7%, a 10 basis point increase year-over-yearPro Forma Gross Margin2was 21.9%, a 30 basis point increase year-over-yearGAAP net income of $1.1 billion, compared to a Net Loss of $215.2 million the prior yearPro Forma Adjusted EBITDA2,3of $90.7 million, a decrease of 13.1% year-over-yearClosed $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 basis4Gross margin was 22.7%, a 110 basis point increase year-over-year on a pro forma basis4Pro Forma Adjusted EBITDA3of $19.8 million, a decrease of 33.0% year-over-year4Closed $60.2 million of new TCV, a 53.2% increase year-over-year and 68.4% above the previous four quarter average4,5Closed $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 Andr...