XBP on Nasdaq
XBP Global Holdings, Inc.
XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide.4 From its latest annual report
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerXBP on Nasdaq2
- IndustryServices-Business Services, NEC2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address6641 N. Belt Line Road, Suite 100, Irving, Tx 750633
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI984500BE0P94C4CD8C712
- StatusActive2
- LEI statusIssued and current2
- Registered address251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 32105122
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XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. Our proprietary platforms and agentic AI-driven automation enable our clients to entrust us with their most impactful digital transformations and mission-critical operations. Our operational foundation is further defined by deep domain expertise across industries and the public and private sectors. We possess decades of experience helping clients navigate shifting global regulatory frameworks and supporting compliance with the rigorous standards required by government entities and highly scrutinized industries, including banking, healthcare and insurance. We pair this expertise with platform-agnostic, end-to-end structured workflows that combine AI-driven automation with dedicated human-in-the-loop exception handling and proprietary orchestration software, enabling ou…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 2024
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Applied Workflow Automation brought in 94% of the revenue XBP Global Holdings, Inc. broke down this way in fiscal 2024.
Business segments by year
| Business segments | 2024 |
|---|---|
| Applied Workflow Automation | $816.4M |
| Technology | $56.2M |
Regions
United States brought in 97% of the revenue XBP Global Holdings, Inc. broke down this way in fiscal 2024.
Regions by year
| Regions | 2024 |
|---|---|
| United States | $847.2M |
| Other Countries | $25.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Research and development0¢$300.0K
- Other costs99¢$862.4M
- Income tax1¢$10.0M
Out of $872.7M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2024
- Capital spending27¢$6.3M
- Kept or used elsewhere73¢$17.0M
Out of $23.3M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $872.7M | |
| Selling, general and administrative expenses (exclusive of depreciation and amortization) | $124.4M | |
| Depreciation and amortization | $50.3M | |
| Impairment of goodwill | $320.3M | $108.5M |
| Operating profit (loss) | -$105.4M | |
| Interest expense, net | $101.9M | |
| Debt modification and extinguishment loss (gain), net | $363.0K | |
| Sundry expense (income), net | -$2.1M | |
| Other income, net | -$515.0K | |
| Loss before reorganization items and income taxes | -$205.1M | |
| Income / (loss) before income taxes | -$205.1M | |
| Income tax expense | $10.0M | |
| Net profit (loss) | -$215.2M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $37.1M | $11.7M | $11.6M | ||
| Restricted cash | $31.6M | $30.7M | $52.4M | ||
| Accounts receivable, net of allowance for credit losses of $5,660 and $3,279, respectively | $130.3M | $112.7M | $18.7M | $42.8M | |
| Related party receivables and prepaid expenses | $736.0K | $3.9M | $12.1M | ||
| Inventories, net | $11.4M | $6.5M | $7.2M | ||
| Prepaid expenses and other current assets | $28.7M | $26.8M | $22.4M | ||
| Total current assets | $239.7M | $192.3M | $124.4M | ||
| Property, plant and equipment, net of accumulated depreciation of $11,094 and $193,946, respectively | $83.0M | $73.1M | $45.1M | ||
| Operating lease right-of-use assets, net | $30.3M | $29.5M | $30.5M | ||
| Goodwill | $189.9M | $189.9M | $454.2M | $39.7M | |
| Intangible assets, net | $344.1M | $320.8M | $132.8M | ||
| Other noncurrent assets | $15.1M | $18.6M | $17.8M | ||
| Total assets | $902.1M | $1.1B | $390.4M | ||
| Current portion of long-term debt | $34.3M | $30.0M | $1.4B | ||
| Accounts payable | $55.7M | $42.1M | $42.6M | ||
| Related party payables | $5.3M | $1.4M | $3.4M | ||
| Income tax payable | $6.2M | $2.3M | $5.7M | ||
| Accrued liabilities | $47.1M | $41.4M | $44.9M | ||
| Accrued compensation and benefits | $56.3M | $33.9M | $68.2M | ||
| Accrued interest | $13.7M | $1.9M | $80.0M | ||
| Customer deposits | $21.7M | $17.8M | $19.9M | ||
| Deferred revenue | $11.9M | $6.6M | |||
| Deferred revenue | $9.7M | ||||
| Obligation for claim payment | $55.6M | $53.2M | $70.8M | ||
| Current portion of finance lease liabilities | $4.4M | $5.2M | $5.4M | ||
| Current portion of operating lease liabilities | $9.8M | $9.3M | $9.2M | ||
| Total current liabilities | $322.0M | $248.1M | $1.8B | ||
| Long-term debt, net of current maturities | $353.3M | $307.1M | $1.5M | ||
| Finance lease liabilities, net of current portion | $6.9M | $7.3M | $6.4M | ||
| Net defined benefit liability | $6.2M | $1.1M | $1.0M | ||
| Deferred income tax liabilities | $52.6M | $49.5M | $13.1M | ||
| Long-term income tax liabilities | $10.6M | $8.0M | $8.3M | ||
| Operating lease liabilities, net of current portion | $22.5M | $22.5M | $23.9M | ||
| Other long-term liabilities | $40.7M | $37.6M | $2.8M | ||
| Total liabilities | $814.8M | $681.1M | $1.8B | ||
| Successor's common stock, par value of $0.0001 per share; 400,000,000 shares authorized; 11,755,434 shares issued and outstanding as of December 31, 2025 | $12.0K | $8.0K | $0 | ||
| Successor's preferred stock, par value of $0.0001 per share; 20,000,000 shares authorized; none issued and outstanding as of December 31, 2025 | $0 | $0 | |||
| Additional paid in capital | $438.0M | $407.4M | $0 | ||
| Accumulated deficit | -$351.1M | $0 | |||
| Predecessor's net parent investment | $0 | $0 | -$1.4B | ||
| Foreign currency translation adjustment | -$1.3M | $0 | -$7.2M | ||
| Unrealized pension actuarial gains, net of tax | $1.7M | $0 | |||
| Total accumulated other comprehensive profit (loss) | $455.0K | $0 | -$7.2M | ||
| Total stockholder's equity (deficit) | $87.3M | $437.1M | -$1.5B | -$1.2B | |
| Total liabilities and stockholder's equity (deficit) | $902.1M | $1.1B | $390.4M | ||
| Allowance for credit losses | $5.7M | $2.8M | $3.3M | $5.6M | |
| Accumulated Depreciation | $11.1M | $193.9M | |||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock Authorized | 400.0M shares | 400.0M shares | |||
| Common stock Issued | 11.8M shares | 11.8M shares | |||
| Common stock Outstanding | 11.8M shares | ||||
| Preferred stock par value (in dollars per share) | $0.00 | ||||
| Preferred stock Authorized | 20.0M shares | 20.0M shares | |||
| Preferred stock Issued | 0 shares | ||||
| Preferred stock Outstanding | 0 shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $37.1M | $11.7M | $11.6M | ||
| Restricted cash | $31.6M | $30.7M | $52.4M | ||
| Accounts receivable, net of allowance for credit losses of $5,660 and $3,279, respectively | $130.3M | $112.7M | $18.7M | $42.8M | |
| Related party receivables and prepaid expenses | $736.0K | $3.9M | $12.1M | ||
| Inventories, net | $11.4M | $6.5M | $7.2M | ||
| Prepaid expenses and other current assets | $28.7M | $26.8M | $22.4M | ||
| Total current assets | $239.7M | $192.3M | $124.4M | ||
| Property, plant and equipment, net of accumulated depreciation of $11,094 and $193,946, respectively | $83.0M | $73.1M | $45.1M | ||
| Operating lease right-of-use assets, net | $30.3M | $29.5M | $30.5M | ||
| Goodwill | $189.9M | $189.9M | $454.2M | $39.7M | |
| Intangible assets, net | $344.1M | $320.8M | $132.8M | ||
| Other noncurrent assets | $15.1M | $18.6M | $17.8M | ||
| Total assets | $902.1M | $1.1B | $390.4M | ||
| Current portion of long-term debt | $34.3M | $30.0M | $1.4B | ||
| Accounts payable | $55.7M | $42.1M | $42.6M | ||
| Related party payables | $5.3M | $1.4M | $3.4M | ||
| Income tax payable | $6.2M | $2.3M | $5.7M | ||
| Accrued liabilities | $47.1M | $41.4M | $44.9M | ||
| Accrued compensation and benefits | $56.3M | $33.9M | $68.2M | ||
| Accrued interest | $13.7M | $1.9M | $80.0M | ||
| Customer deposits | $21.7M | $17.8M | $19.9M | ||
| Deferred revenue | $11.9M | $6.6M | |||
| Deferred revenue | $9.7M | ||||
| Obligation for claim payment | $55.6M | $53.2M | $70.8M | ||
| Current portion of finance lease liabilities | $4.4M | $5.2M | $5.4M | ||
| Current portion of operating lease liabilities | $9.8M | $9.3M | $9.2M | ||
| Total current liabilities | $322.0M | $248.1M | $1.8B | ||
| Long-term debt, net of current maturities | $353.3M | $307.1M | $1.5M | ||
| Finance lease liabilities, net of current portion | $6.9M | $7.3M | $6.4M | ||
| Net defined benefit liability | $6.2M | $1.1M | $1.0M | ||
| Deferred income tax liabilities | $52.6M | $49.5M | $13.1M | ||
| Long-term income tax liabilities | $10.6M | $8.0M | $8.3M | ||
| Operating lease liabilities, net of current portion | $22.5M | $22.5M | $23.9M | ||
| Other long-term liabilities | $40.7M | $37.6M | $2.8M | ||
| Total liabilities | $814.8M | $681.1M | $1.8B | ||
| Successor's common stock, par value of $0.0001 per share; 400,000,000 shares authorized; 11,755,434 shares issued and outstanding as of December 31, 2025 | $12.0K | $8.0K | $0 | ||
| Successor's preferred stock, par value of $0.0001 per share; 20,000,000 shares authorized; none issued and outstanding as of December 31, 2025 | $0 | $0 | |||
| Additional paid in capital | $438.0M | $407.4M | $0 | ||
| Accumulated deficit | -$351.1M | $0 | |||
| Predecessor's net parent investment | $0 | $0 | -$1.4B | ||
| Foreign currency translation adjustment | -$1.3M | $0 | -$7.2M | ||
| Unrealized pension actuarial gains, net of tax | $1.7M | $0 | |||
| Total accumulated other comprehensive profit (loss) | $455.0K | $0 | -$7.2M | ||
| Total stockholder's equity (deficit) | $87.3M | $437.1M | -$1.5B | -$1.2B | |
| Total liabilities and stockholder's equity (deficit) | $902.1M | $1.1B | $390.4M | ||
| Allowance for credit losses | $5.7M | $2.8M | $3.3M | $5.6M | |
| Accumulated Depreciation | $11.1M | $193.9M | |||
| Common stock par value (in dollars per share) | $0.00 | $0.00 | |||
| Common stock Authorized | 400.0M shares | 400.0M shares | |||
| Common stock Issued | 11.8M shares | 11.8M shares | |||
| Common stock Outstanding | 11.8M shares | ||||
| Preferred stock par value (in dollars per share) | $0.00 | ||||
| Preferred stock Authorized | 20.0M shares | 20.0M shares | |||
| Preferred stock Issued | 0 shares | ||||
| Preferred stock Outstanding | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net Income (Loss) | -$215.2M | |
| Depreciation and amortization | $50.3M | |
| Original issue discount, debt premium and debt issuance cost amortization | -$65.9M | |
| Reorganization items | $0 | |
| Interest on BR Exar AR Facility | -$5.2M | |
| Debt modification and extinguishment loss (gain), net | $363.0K | |
| Impairment of goodwill | $320.3M | $108.5M |
| Provision for credit losses | $18.1M | |
| Deferred income tax provision | $939.0K | |
| Equity-based compensation expense | $1.6M | |
| Unrealized foreign currency (gain) loss | -$364.0K | |
| Loss (gain) on sale of assets | -$96.0K | |
| Fair value adjustment for private warrants liability | $0 | |
| Paid-in-kind interest | $86.7M | |
| Accounts receivable | $6.1M | |
| Prepaid expenses and other current assets | $2.4M | |
| Accounts payable and accrued liabilities | $33.1M | |
| Related party receivables (payables) | $2.4M | |
| Additions to outsourced contract costs | -$390.0K | |
| Net cash provided by (used in) operating activities | $23.3M | |
| Net cash received from acquisition (Refer Note 5) | $0 | |
| Purchase of property, plant and equipment | -$6.3M | |
| Additions to internally developed software | -$3.2M | |
| Proceeds from sale of assets | $3.0M | |
| Net cash used in investing activities | -$6.5M | |
| Cash paid for debt issuance costs | -$533.0K | |
| Principal payments on finance lease obligations | -$6.6M | |
| Borrowings from other loans | $14.8M | |
| Proceeds from Super Senior Term Loan | $0 | |
| Repayment of Second Lien Note | -$6.0M | |
| Proceeds from DIP New Money Loans | $0 | |
| Principal repayments on senior secured term loans and other loans | -$11.5M | |
| Net cash provided by (used in) financing activities | -$2.8M | |
| Effect of exchange rates on cash, restricted cash and cash equivalents | -$3.5M | |
| Net increase (decrease) in cash, restricted cash and cash equivalents | $10.6M | |
| Income tax payments, net of refunds received | $3.6M | |
| Interest paid | $74.8M | |
| Cash paid for reorganization items | $0 | |
| Assets acquired through right-of-use arrangements | $22.8M | |
| Waiver and consent fee payable added to outstanding balance of Senior Secured Term Loan | $1.0M | |
| Promissory note issued for assets acquisition | $2.4M | |
| Common stock issued for the Business Combination | $0 | |
| Common stock issued to settle liabilities subject to compromise | $0 | |
| Issuance of July 2030 Notes for settlement of the DIP Facility | $0 | |
| Conversion of DIP Facility into Super Senior Term Loan | $0 | |
| Accrued capital expenditures | $1.3M |
No quarter-by-quarter statement was filed.
Leadership
Who has led XBP Global Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
2025
- Chief executive officerAndrej Jonovic Dec 11, 2023 to now12
- ChairPar Chadha Dec 11, 2023 to now13
- PresidentSandeep Ashok Sapru Aug 21, 2026 to now14
- PresidentVitalie Robu Dec 11, 2023 to Aug 21, 202615
- Chief financial officerDejan Avramovic Dec 11, 2023 to now16
- Chief financial officerAlice Chan Mar 11, 2021 to Mar 11, 202117
- Chief financial officerJane Novak Jul 14, 2021 to Jul 14, 202118
Board members and other officers (15)
- Chief Technology OfficerSriram Ramanathan Aug 20, 2026 to now19
- Board memberRandal T. Klein Aug 6, 2025 to now20
- Board memberRegina Paolillo Aug 8, 2025 to now21
- Board memberSanjay Srivastava Aug 8, 2025 to now22
- Board memberRobert Pryor Aug 25, 2025 to now23
- Board memberPar Chadha Sep 11, 2025 to now24
- Board memberAndrej Jonovic Dec 11, 2023 to now12
- Board memberColey Clark Dec 11, 2023 to Feb 18, 202525
- Board memberMartin P. Akins Dec 11, 2023 to Feb 18, 202526
- Board memberMark E. Kaplan Mar 16, 2022 to Mar 16, 202227
- Board memberRobert Guy Sharp Mar 16, 2022 to Mar 29, 202228
- Board memberAlice Chan Mar 11, 2021 to Mar 11, 202117
- Board memberCharlotte Blechman Mar 11, 2021 to Mar 11, 202129
- Board memberRobert Hochberg Mar 11, 2021 to Mar 11, 202130
- Board memberSteven Bisgay Jul 16, 2021 to Jul 16, 202131
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorJames G. Reynolds named Sep 30, 202632
Former names
Timeline
Filings
241 filings to the SEC since October 2021: 7 annual reports, 16 quarterly reports, 43 major events, 71 insider forms, 31 large holders, 1 private raises, 72 other. The latest 20:
- Sep 30, 2026D EDGAR
- Sep 22, 2026SCHEDULE 13D/A EDGAR
- Sep 22, 2026S-3 EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 2026SCHEDULE 13D/A EDGAR
- Sep 17, 20264 EDGAR
- Sep 17, 20264 EDGAR
- Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
- Sep 17, 2026SCHEDULE 13D/A EDGAR
- Sep 14, 20268-K EDGAR
- Aug 21, 20263 OWNERSHIP DOCUMENT EDGAR
- Aug 20, 20263 OWNERSHIP DOCUMENT EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
The 241 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
9 open-market trades by officers, directors and large owners since October 2021: 7 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Avenue Capital Management II, L.P.10% owner | Buy | 72,394 | $2.83 | $204.9K | Form 4 |
| Sep 15, 2026 | Avenue RP Opportunities Fund GenPar, LLC10% owner | Buy | 527,606 | $2.83 | $1.5M | Form 4 |
| Sep 15, 2026 | CHADHA PARDirector | Buy | 204,946 | $2.83 | $580.0K | Form 4 |
| Sep 15, 2026 | Avramovic DejanChief Financial Officer | Buy | 8,833 | $2.83 | $25.0K | Form 4 |
| Sep 15, 2026 | Jonovic AndrejChief Executive Officer | Buy | 31,500 | $2.83 | $89.1K | Form 4 |
| May 19, 2026 | Klein Randal TDirector | Buy | 25,000 | $2.44 | $61.0K | Form 4 |
| Oct 6, 2025 | LUTNICK HOWARD W10% owner | Sale | 6,064,404 | Form 4 | ||
| Aug 18, 2025 | Klein Randal TDirector | Buy | 150,000 | $0.54 | $81.0K | Form 4 |
| Dec 14, 2023 | CF GROUP MANAGEMENT INC10% owner | Sale | 100,676 | $11.43 | $1.2M | Form 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.
- CANTOR FITZGERALD, L. P.SCHEDULE 13D/A, 2 filings Oct 15, 2025 to Sep 22, 202633
- Avenue RP Opportunities Fund, L.P.SCHEDULE 13D/A, 2 filings Aug 5, 2025 to Sep 17, 202634
- Par ChadhaSCHEDULE 13D/A, 1 filing Sep 17, 202635
- CFAC Holdings VIII, LLC.SCHEDULE 13D/A, 4 filings Dec 1, 2023 to Oct 6, 202536
- Howard W. LutnickSCHEDULE 13D/A, 1 filing Oct 6, 202537
- HoldCo Asset Management, LPSCHEDULE 13D, 1 filing Aug 5, 202538
- Gates Capital ManagementSCHEDULE 13D, 1 filing Aug 4, 202539
- GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202440
- MMCAP International Inc. SPCSC 13G/A, 2 filings Feb 14, 2023 to Feb 13, 202441
- PERISCOPE CAPITAL INC.SC 13G/A, 2 filings Feb 13, 2023 to Feb 9, 202442
- Owl Creek Asset Management, L.P.SC 13G/A, 2 filings Feb 9, 2023 to Feb 5, 202443
- Beryl Capital Management LLCSC 13G/A, 3 filings Mar 1, 2022 to Feb 14, 202344
- Shaolin Capital Management LLCSC 13G, 1 filing Feb 14, 202345
- Polar Asset Management Partners Inc.SC 13G, 1 filing Feb 9, 202346
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSC 13G/A, 2 filings Feb 9, 2022 to Jan 25, 202347
- BlueCrest Capital Management LtdSC 13G/A, 1 filing Feb 11, 202248
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 15, 2026Raised $6 million in a private offering of equity Form D: 12 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARPar Chadha, Chair
- 14SEC EDGARSandeep Ashok Sapru, President
- 15SEC EDGARVitalie Robu, President
- 16
- 17SEC EDGARAlice Chan, Chief financial officer
- 18SEC EDGARJane Novak, Chief financial officer
- 19
- 20SEC EDGARRandal T. Klein, Board member
- 21SEC EDGARRegina Paolillo, Board member
- 22SEC EDGARSanjay Srivastava, Board member
- 23SEC EDGARRobert Pryor, Board member
- 24SEC EDGARPar Chadha, Board member
- 25SEC EDGARColey Clark, Board member
- 26SEC EDGARMartin P. Akins, Board member
- 27SEC EDGARMark E. Kaplan, Board member
- 28SEC EDGARRobert Guy Sharp, Board member
- 29SEC EDGARCharlotte Blechman, Board member
- 30SEC EDGARRobert Hochberg, Board member
- 31SEC EDGARSteven Bisgay, Board member
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