Revenue: As of FY2026 Q2, the actual value is USD 191.31 M.

EPS: As of FY2026 Q2, the actual value is USD -1.42.

EBIT: As of FY2026 Q2, the actual value is USD -4.57 M.

Revenue

Revenue for the second quarter of 2026 totaled $191.3 million, marking a 14.0% decline year-over-year on a pro forma basis. As reported, revenue for the three months ended June 30, 2026, was $191,311 thousand, an increase from $182,712 thousand in the same period of 2025. For the six months ended June 30, 2026, as reported revenue was $388,396 thousand, up from $374,692 thousand in 2025.

Profitability

XBP Global Holdings, Inc. reported a net loss of - $16.7 million for the second quarter of 2026. The net loss for the three months ended June 30, 2026, was - $16,704 thousand, which is an improvement from - $65,061 thousand in the prior year. For the six months ended June 30, 2026, the net loss was - $43,467 thousand, compared to - $25,438 thousand for the same period in 2025. The operating loss for the three months ended June 30, 2026, was - $3,722 thousand, contrasting with an operating profit of $5,566 thousand in the prior year. For the six months ended June 30, 2026, the operating loss was - $18,804 thousand, compared to an operating profit of $11,549 thousand in 2025. Gross margin was 21.5% for the second quarter of 2026, an 80 basis point increase year-over-year on a pro forma basis. Adjusted gross margin reached a record 24.9% in the second quarter of 2026, representing a 290 basis point increase year-over-year on a pro forma basis. Pro Forma Gross Margin for the three months ended June 30, 2026, was 21.5%, up from 20.7% in 2025, and for the six months ended June 30, 2026, it was 22.2%, up from 21.5% in 2025. Adjusted Gross Margin (non-GAAP) for the three months ended June 30, 2026, was 24.9%, compared to 22.0% in 2025. Normalized EBITDA was $21.9 million for the second quarter of 2026, an 8.4% increase year-over-year on a pro forma basis. Pro Forma Normalized EBITDA for the three months ended June 30, 2026, was $21,924 thousand, compared to $20,219 thousand in 2025. For the six months ended June 30, 2026, Pro Forma Normalized EBITDA was $37,518 thousand, compared to $46,185 thousand in 2025.

Operating Costs

Cost of revenue (exclusive of depreciation and amortization) for the three months ended June 30, 2026, was $150,155 thousand, compared to $145,052 thousand in 2025. Selling, general and administrative expenses (exclusive of depreciation and amortization) for the three months ended June 30, 2026, were $27,936 thousand, compared to $20,719 thousand in 2025. Depreciation and amortization for the three months ended June 30, 2026, was $15,268 thousand, compared to $8,582 thousand in 2025.

Cash Flow

Net cash used in operating activities was - $15,186 thousand for the six months ended June 30, 2026, showing an improvement from - $75,863 thousand in the same period of 2025. Net cash used in investing activities was - $3,333 thousand for the six months ended June 30, 2026, compared to - $3,241 thousand in 2025. Net cash used in financing activities was - $21,759 thousand for the six months ended June 30, 2026, whereas the same period in 2025 saw net cash provided by financing activities of $60,199 thousand.

Operational Metrics

XBP Global Holdings, Inc. closed $121.3 million in total contract value (TCV) during the quarter, marking a 51.6% increase year-over-year and 41.9% above the trailing four-quarter average. New annual contract value (ACV) closed amounted to $36.0 million, a 57.0% increase year-over-year and 39.3% above the trailing four-quarter average.

Outlook / Guidance

The Company expects to achieve $65 million to $75 million in annualized operational efficiencies from AI-led automation efforts, an increase from the previous target of $55 million to $60 million. Approximately $35 million of this benefit is anticipated to be realized in calendar year 2026. Management’s priorities for the remainder of the year include strengthening the sales pipeline, advancing AI-driven automation initiatives, and continuing structural margin improvement efforts.