Private company

Exela Technologies, Inc.

Exela is a business process automation leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user.4 From its latest annual report

Last updated Oct 19, 2026.

Overview

  • IndustryServices-Business Services, NEC2
  • HeadquartersSaint Louis, United States2
  • Incorporated inDE3
  • Business address2701 East Grauwyler Rd., Irving, Tx 750613
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300CP95F46H3HDR872
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 55686952

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Exela is a business process automation leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. By connecting data through user friendly software platforms and solutions, we enable our employees with business process management and help accelerate our customers’ digital transformation. We have decades of expertise earned from serving many of the world’s largest enterprises, including over 60% of the Fortune® 100 and in many mission critical environments across multiple industries, including banking, healthcare, insurance and manufacturing. For the fiscal year ended December 31, 2023, we generated $1.06 billion of revenue from over 4,000 customers throughout the world.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

21.7%Gross margin5
0.8%Operating margin5
-11.8%Net margin5
-1.2%Revenue growth, 20235
-$4.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Research and development0¢$1.2M
  • Selling, general and admin14¢$150.7M
  • Other costs85¢$903.4M
  • Income tax1¢$8.9M

Out of $1.1B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending100¢$8.1M

Out of $3.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue67895$1.1B in 2023−7% since 2017
0$500.0M$1.0B$1.5B$2.0B2017: $1.1B$1.1B20172018: $1.6B$1.6B2018+38%2019: $1.6B$1.6B2019−2%2020: $1.3B$1.3B2020−17%2021: $1.2B$1.2B2021−10%2022: $1.1B$1.1B2022−8%2023: $1.1B$1.1B2023−1%
Gross profit67895$230.7M in 2023−28% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $318.3M$318.3M20172018: $372.8M$372.8M2018+17%2019: $337.6M$337.6M2019−9%2020: $269.0M$269.0M2020−20%2021: $277.5M$277.5M2021+3%2022: $199.7M$199.7M2022−28%2023: $230.7M$230.7M2023+16%
Operating income67895$8.1M in 2023
-$400.0M-$300.0M-$200.0M-$100.0M0$100.0M2017: -$104.4M-$104.4M20172018: -$10.7M-$10.7M2018−90%2019: -$321.2M-$321.2M2019+2903%2020: -$16.4M-$16.4M2020−95%2021: $21.4M$21.4M20212022: -$228.8M-$228.8M20222023: $8.1M$8.1M2023
Net income67895-$125.2M in 2023−40% since 2017
-$600.0M-$400.0M-$200.0M02017: -$209.5M-$209.5M20172018: -$169.8M-$169.8M2018−19%2019: -$509.1M-$509.1M2019+200%2020: -$178.5M-$178.5M2020−65%2021: -$142.4M-$142.4M2021−20%2022: -$415.6M-$415.6M2022+192%2023: -$125.2M-$125.2M2023−70%
Fiscal year2017201820192020202120222023
Revenue$1.1B6$1.6B7$1.6B8$1.3B9$1.2B9$1.1B5$1.1B5
Cost of revenue$827.5M6$1.2B7$1.2B8$1.0B9$889.1M9$877.5M9
Gross profit$318.3M6$372.8M7$337.6M8$269.0M9$277.5M9$199.7M5$230.7M5
Research and development$2.3M6$2.0M7$1.7M8$1.1M9$1.3M9$1.5M5$1.2M5
Selling, general and admin$221.0M6$184.9M7$198.9M8$186.1M9$169.8M9$176.5M5$150.7M5
Operating income-$104.4M6-$10.7M7-$321.2M8-$16.4M9$21.4M9-$228.8M5$8.1M5
Income before tax-$130.7M9-$411.4M5-$115.6M5
Income tax-$61.1M6$8.4M7$7.6M8$13.6M9$11.7M9$4.2M5$8.9M5
Net income-$209.5M6-$169.8M7-$509.1M8-$178.5M9-$142.4M9-$415.6M5-$125.2M5
Earnings per share-$10.558-$73.199-$24.409-$1,372.985-$22.375
Earnings per share (diluted)-$10.558-$73.199-$24.409-$1,372.985-$21.115
Shares (weighted, basic)5.9M shares9308.0K shares56.0M shares5
Shares (weighted, diluted)5.9M shares9308.0K shares56.0M shares5

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Leadership

Who has led Exela Technologies, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Srivisal2015–2017
  2. Ronald Clark Cogburn2017–2022

Chair

  1. Jeffry N. Quinn2015
  2. Par Chadha2021–2024

President

  1. John Srivisal2015–2017
  2. Suresh Yannamani2017–2024
  3. Mark D. Fairchild2017–2021
  4. Srinivasan Murali2019–2022
  5. Vitalie Robu2019–2022

Chief financial officer

  1. Shrikant Sortur2021–2022
20202025
Board members and other officers (22)

Former names

  • Quinpario Acquisition Corp. 2Sep 26, 2014 to Jul 12, 20173

Timeline

  1. Jul 21, 2017New chief executive Ronald Clark Cogburn becomes CEO14
  2. Jan 15, 2015New chief executive John Srivisal becomes CEO15
  3. Jul 15, 2014Founded Exela Technologies, Inc. is founded2

Filings

246 filings to the SEC since October 2021: 6 annual reports, 10 quarterly reports, 74 major events, 65 insider forms, 9 large holders, 82 other. The latest 20:

  1. Feb 14, 2025SCHEDULE 13G/A EDGAR
  2. Jan 30, 2025EFFECT EDGAR
  3. Jan 27, 202515-12G EDGAR
  4. Jan 27, 2025S-8 POS EDGAR
  5. Jan 27, 2025S-8 POS EDGAR
  6. Jan 27, 2025POS AM EDGAR
  7. Jan 17, 202525 EDGAR
  8. Dec 3, 2024SC 13D/A EDGAR
  9. Nov 27, 2024SC 13D EDGAR
  10. Nov 27, 2024SC 13D EDGAR
  11. Nov 25, 2024SC 13D EDGAR
  12. Nov 25, 20244 OWNERSHIP DOCUMENT EDGAR
  13. Nov 25, 20248-K EDGAR
  14. Nov 21, 20244 OWNERSHIP DOCUMENT EDGAR
  15. Nov 21, 20244 OWNERSHIP DOCUMENT EDGAR
  16. Nov 21, 20244 OWNERSHIP DOCUMENT EDGAR
  17. Nov 21, 20244 OWNERSHIP DOCUMENT EDGAR
  18. Nov 14, 202410-Q EDGAR
  19. Nov 7, 20248-K EDGAR
  20. Oct 7, 20248-K EDGAR

The 246 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 8 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 23, 2024CHADHA PARExecutive ChairmanBuy18,039$2.00$36.1KForm 4
Apr 22, 2024CHADHA PARExecutive ChairmanBuy31,961$2.00$63.9KForm 4
Dec 10, 2021Murali SrinivasanPresident, Americas and APACBuy60,000$1.24$74.4KForm 4
Dec 10, 2021Robu VitaliePresident, EMEABuy33,000$1.23$40.6KForm 4
Dec 10, 2021Sortur ShrikantChief Financial OfficerBuy60,480$1.24$75.0KForm 4
Dec 9, 2021Fairchild Mark D.Pres., Exela Smart OfficeBuy32,520$1.23$40.0KForm 4
Dec 9, 2021TRANSIER WILLIAM LDirectorBuy163,600$1.22$199.6KForm 4
Nov 15, 2021HandsOn Global Management, LLC10% ownerSale100,000$1.66$166.0KForm 4
Nov 11, 2021BEILINSON MARC ADirectorBuy100,000$1.61$161.0KForm 4
Oct 15, 2021HOV Services Ltd10% ownerSale100,000$1.69$169.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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