Xbp Global Holdings, Inc. · NASDAQ:XBP
Xbp Global — Q4 2025 Earnings Presentation
23 slides from Xbp Global's earnings presentation, Mar 31, 2026
Slide 1: Fourth Quarter & Full Year 2025 Financial Results
Fourth Quarter & Full Year 2025 Financial Results Andrej Jonovic, Chief Executive Officer Dejan Avramovic, Chief Financial Officer ©XBP GLOBAL 2026 PROPRIETARY & CONFIDENTIAL 1
Slide 2: Safe Harbor Statements
Safe Harbor Statements About Pro Forma Financial Information This presentation includes certain pro forma financial information, which is presented for informational purposes only and is not prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). Pro forma results are pres
Slide 3: XBP Global: A Growing Moat in the Face of AI Disruption
XBP Global: A Growing Moat in the Face of AI Disruption Institutional Accountability Diversified and Broad Customer Base Investments in Growth & Agentic AI Customer base of over 2,500 global clients Anchoring hyper-automation with Focusing on high-growth sectors like human-led domain expertise to pro
Slide 4: A Global Presence With a Local Focus
A Global Presence With a Local Focus 30+ 2,500+ 60+ Years long journey Global clients across Percent of the Fortune® from automation to industries and 100 served over time hyper-automation public and private sectors ~10,600 20 Employees Countries with Physical Presence ©XBP GLOBAL2026 ©XBP GLOBAL 20
Slide 5: A Key Part of the Critical Infrastructure in the United States
A Key Part of the Critical Infrastructure in the United States XBP Global orchestrates mission-critical systems that enable hyper-automation and is deemed an essential service provider Mailroom, Billing & Legal Claims Claims Processing & RCM Top 5 Telecoms: 400M Subscribers Over 200M Insured + 20M V
Slide 6: Our Solutions Reach a Wide Range of Industries and Transactions
Our Solutions Reach a Wide Range of Industries and Transactions Our proprietary platforms, agentic AI-driven automation, and deep domain expertise across industries and the public and private sectors enable our clients to entrust us with their most impactful workflows Integrated Bills & Payments Lega
Slide 7: Endorsed by Top Analyst Firms
Endorsed by Top Analyst Firms Acknowledged By Leading Analyst Firms For Delivering High-Performance Solutions Across Diverse Industries AI & AUTOMATION HC PROVIDER HC PAYER FINANCE & ACCOUNTING Major Major Leader Leader Contender Contender Major Contender | Everest - Intelligent NelsonHall - Healthc
Slide 8: Key Results 2025
Key Results 2025 Ongoing analyst interactions with increased focus on intelligent automation assessments INTELLIGENT AUTOMATION HEALTHCARE PROVIDER HEALTHCARE PAYER FINANCE & ACCOUNTING BILLS & PAYMENTS Star Performer- IPA Disruptor- Payer BPT Aspirant- P2P Product Major Contender- FCC Leader- RCM N
Slide 9: Client Statistics - Key Highlights FY 2025
Client Statistics - Key Highlights FY 20251 The company benefits from a diversified client base, with no individual client accounting for more than 7.5% of total revenue, mitigating client concentration risk 140+ 12 of top 25 $297.8M (2) clients with ACV of >$1M TCV closed won clients with y/y growth
Slide 10: Full Year 2025 Pro Forma Financial & Operating Results
Full Year 2025 Pro Forma Financial & Operating Results ©XBP ©XBP GLOBAL GLOBAL 20262026 10
Slide 11: Full Year 2025 Pro Forma Highlights
Full Year 2025 Pro Forma Highlights1 Revenue Normalized EBITDA2 New Clients Added $879.6M $90.2M 251 (13.6%) YoY (13.7%) YoY +5.5% YoY Gross Margin Normalized EBITDA Margin2 Total Employees 21.9% 10.3% ~10,600 +30 bps YoY Unchanged YoY (18.8%) YoY 1. Unless otherwise noted, financial results are pres
Slide 12: 4Q 2025 Highlights
4Q 2025 Highlights1 Revenue PF Normalized EBITDA2 New TCV Bookings $207.0M $19.2M $60.2M (15.1%) YoY (35.0%) YoY 53.2% YoY Gross Margin PF Normalized EBITDA Margin2 New ACV Bookings 22.7% 9.3% $34.8M +110 bps YoY (280 bps) YoY +37.7% YoY 1. Unless otherwise noted, financial results are presented on a
Slide 13: Pro Forma Segment Results
Pro Forma Segment Results1 FY 2025 Q4 2025 ($ in Millions) ($ in Millions) Applied Workflow Automation: Applied Workflow Automation: · Revenue decline of 14.3% YoY · Revenue decline of 15.1% YoY and 6.9% QoQ · Gross Margin of 17.4%, a 10 bps decrease YoY · Gross Margin of 18.4%, a 140 bps increase YoY
Slide 14: Quarterly Financial Performance
Quarterly Financial Performance Pro Forma Revenue and Gross Margin Pro Forma Normalized EBITDA1 (Revenue in $ Millions) (in $ Millions) 1. Normalized EBITDA is a Non-GAAP financial metric. Please reference non-GAAP reconciliations for applicable reconciliations to GAAP measures ©XBP GLOBAL 2026 PROPR
Slide 15: Automation Trends led by Expanding AI Enablement
Automation Trends led by Expanding AI Enablement Driving Superior Labor Efficiency Through Automation Headcount Trends Revenue per Employee Leads Peers (in $ thousands) · Our headcount fluctuates in part due to revenue changes; · Our revenue per employee of ~$80k is well ahead of the peer however, as
Slide 16: Client Metrics - FY 2025
Client Metrics - FY 2025 Low concentration of clients across industries and a balanced distribution with top 50 clients accounting for 58% of revenue (in $ Millions) Number of Active Clients 2,530 Regions Americas Europe Others $724.7M $151.8M $3.1M Top 3 Top 5 Top 10 Top 20 Top 50 17% 23% 32% 42% 5
Slide 17: Sales Metrics
Sales Metrics Strong pickup in sales momentum, especially new business signings, should drive future revenue performance TCV Signings New ACV Signings by Industry (in $ Millions) (in $ Millions) ©XBP GLOBAL 2026 17
Slide 18: Q&A
Q&A ©XBP GLOBAL2026 ©XBP GLOBAL 2026 PROPRIETARY & CONFIDENTIAL 18
Slide 19: Appendix
APPENDIX ©XBP GLOBAL 2026 PROPRIETARY & CONFIDENTIAL 19
Slide 20: Glossary
Glossary - ACV: Annual Contract Value - Bank Giro: An electronic payment system used for transferring money directly between bank accounts, particularly in Europe - BFSI: Banking, Financial Services, and Insurance - IDP: Intelligent Document Processing, an AI-powered solution that leverages neural n
Slide 21: Reconciliation of Net Income to Pro Forma Normalized EBITDA
Reconciliation of Net Income to Pro Forma Normalized EBITDA (Unaudited) ©XBP GLOBAL 2026 PROPRIETARY & CONFIDENTIAL 21
Slide 22: Reconciliation of Revenue and Gross Profit
Reconciliation of Revenue and Gross Profit As Reported to Combined Pro Forma Revenue and Gross Profit ©XBP GLOBAL 2026 PROPRIETARY & CONFIDENTIAL 22
Slide 23: Footnotes to Non-GAAP Reconciliation
Footnotes to Non-GAAP Reconciliation (1) Represents one-time costs associated with restructuring, including professional and legal fees (2) Represents a loss/(gain) recognized on the disposal of property, plant, and equipment and other assets (3) Represents the annualized run-rate cost savings from