XBP on Nasdaq

XBP Global Holdings, Inc.

In its 2026 annual report the company says: “XBP Global is a multinational technology and services company powering intelligent workflows for organizations worldwide. Our operational foundation is further defined by deep domain expertise across industries and the public and private sectors.”5 It is headquartered in Wilmington, United States.2

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Last updated Oct 21, 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

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…5 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

21.6%Gross margin6
-12.1%Operating margin6
-24.7%Net margin6
$17.0MFree cash flow6

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.

  1. Applied Workflow Automation$816.4M694%
  2. Technology$56.2M66%
Business segments by year
Business segments2024
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.

  1. United States$847.2M697%
  2. Other Countries$25.5M63%
Regions by year
Regions2024
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.6 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.6

Financial statements

Gross profit786$188.8M in 2024+332% since 2022
0$50.0M$100.0M$150.0M$200.0M2022: $43.7M$43.7M20222023: $39.9M$39.9M2023−9%2024: $188.8M$188.8M2024+373%
Operating income9786-$105.4M in 2024+3754% since 2021
-$150.0M-$100.0M-$50.0M0$50.0M2021: -$2.7M-$2.7M20212022: -$1.9M-$1.9M2022−29%2023: $1.1M$1.1M20232024: -$105.4M-$105.4M2024
Net income9786-$215.2M in 2024+12498% since 2021
-$300.0M-$200.0M-$100.0M02021: -$1.7M-$1.7M20212022: -$7.9M-$7.9M2022+364%2023: -$11.0M-$11.0M2023+39%2024: -$215.2M-$215.2M2024+1848%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
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

Compare XBP Global Holdings, Inc. with another company

Corporate structure

XBP Global Holdings, Inc. sits at the top of its group. 110 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of XBP Global Holdings, Inc.

  • CANTOR FITZGERALD, L. P. Filed SCHEDULE 13D/A on XBP Global Holdings, Inc., latest Sep 22, 2026 (2 filings since Oct 15, 2025)
  • Avenue RP Opportunities Fund, L.P. Filed SCHEDULE 13D/A on XBP Global Holdings, Inc., latest Sep 17, 2026 (2 filings since Aug 5, 2025)
  • Par Chadha Filed SCHEDULE 13D/A on XBP Global Holdings, Inc., latest Sep 17, 2026
  • CFAC Holdings VIII, LLC. Filed SCHEDULE 13D/A on XBP Global Holdings, Inc., latest Oct 6, 2025 (4 filings since Dec 1, 2023)
  • Howard W. Lutnick Filed SCHEDULE 13D/A on XBP Global Holdings, Inc., latest Oct 6, 2025
  • Exela Technologies, Inc. Filed SCHEDULE 13D on XBP Global Holdings, Inc., latest Aug 5, 2025 (3 filings since Dec 11, 2023)
  • HoldCo Asset Management, LP Filed SCHEDULE 13D on XBP Global Holdings, Inc., latest Aug 5, 2025
  • Gates Capital Management Filed SCHEDULE 13D on XBP Global Holdings, Inc., latest Aug 4, 2025
  • GLAZER CAPITAL, LLC Filed SC 13G/A on XBP Global Holdings, Inc., latest Feb 13, 2024 (2 filings since Feb 14, 2023)
  • MMCAP International Inc. SPC Filed SC 13G/A on XBP Global Holdings, Inc., latest Feb 13, 2024 (2 filings since Feb 14, 2023)
  • PERISCOPE CAPITAL INC. Filed SC 13G/A on XBP Global Holdings, Inc., latest Feb 9, 2024 (2 filings since Feb 13, 2023)
  • Owl Creek Asset Management, L.P. Filed SC 13G/A on XBP Global Holdings, Inc., latest Feb 5, 2024 (2 filings since Feb 9, 2023)
  • XBP Global Holdings, Inc. Wilmington, Delaware, United States
    • Asterion Belgium N.V. Subsidiary · Belgium
    • Asterion Denmark A/S Subsidiary · Denmark
    • Asterion DM Finland A.B. Subsidiary · Finland
    • Asterion International GmbH Subsidiary · Germany
    • BancTec (Canada), Inc. Subsidiary · Ontario, Canada
    • BancTec (Philippines), Inc. Subsidiary · Philippines
    • BancTec (Puerto Rico), Inc. Subsidiary · Delaware, United States
    • BancTec B.V. Subsidiary · Netherlands
    • BancTec Group LLC Subsidiary · Delaware, United States
    • BancTec Holding N.V. Subsidiary · Netherlands
    • BancTec India Pvt. Ltd. Subsidiary · India
    • BancTec Intermediate Holding, Inc. Subsidiary · Delaware, United States
    • BancTec Transaktionsservice GmbH Subsidiary · Austria
    • BillSmart Solutions LLC Subsidiary · Delaware, United States
    • BTC Int'l Holdings, Inc. Subsidiary · Delaware, United States
    • BTC Ventures, Inc. Subsidiary · Delaware, United States
    • Charter Lason, Inc. Subsidiary · Delaware, United States
    • CorpSource Holdings, LLC Subsidiary · Delaware, United States
    • Deliverex, LLC Subsidiary · Delaware, United States
    • DFG2 Holdings, LLC Subsidiary · Delaware, United States
    • DFG2, LLC Subsidiary · Delaware, United States
    • Digital Mailroom LLC Subsidiary · Delaware, United States
    • DocuData Solutions, L.C. Subsidiary · Texas, United States
    • Drescher Full-Service Versand GmbH Subsidiary · Germany
    • DrySign, LLC Subsidiary · Delaware, United States
    • and 84 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What XBP Global Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$28.5M6 Dec 31, 2025$13.3M6 Dec 31, 2024+114.3%
Finance-lease assets$16.0M6 Dec 31, 2025$15.8M6 Dec 31, 2024+1.7%
Operating-lease assets (leased space)$30.3M6 Dec 31, 2025$30.5M6 Dec 31, 2024−0.7%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in158 Dec 31, 2024157 Dec 31, 20230%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$37.1M6 Dec 31, 2025$11.6M6 Dec 31, 2024+219.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$189.9M6 Dec 31, 2025$39.7M6 Dec 31, 2024+378.1%
Intangible assets, net (excluding goodwill)$344.1M6 Dec 31, 2025$132.8M6 Dec 31, 2024+159.0%
Finite-lived intangibles, gross$4.1M8 Dec 31, 2024$3.9M8 Dec 31, 2023+5.1%
Accumulated amortization$16.2M6 Dec 31, 2025$551.9M6 Dec 31, 2024−97.1%
Finite-lived intangibles, net$341.2M6 Dec 31, 2025$1.1M8 Dec 31, 2024+30337.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$11.4M6 Dec 31, 2025$7.2M6 Dec 31, 2024+57.8%
Work in process$582.0K6 Dec 31, 2025$610.0K6 Dec 31, 2024−4.6%
Finished goods$5.9M6 Dec 31, 2025$576.0K6 Dec 31, 2024+916.0%
Supplies$6.4M6 Dec 31, 2025$6.1M6 Dec 31, 2024+4.9%

Properties, in its own words

We lease and own numerous facilities worldwide with larger concentrations of space in California, Connecticut, Illinois, Iowa, Michigan, Texas, and Washington in the United States and in Canada, France, Germany, India, and the Philippines. The size of our active property portfolio as of December 31, 2025 was approximately 1.8 million square feet comprised of 83 leased properties and 5 owned properties including offices, sales offices, service locations, and production facilities.

Many of our operating facilities are equipped with fiber connectivity and have access to other power sources. Substantially all of our operations facilities are leased under long term leases with varying expiration dates, except for the following owned locations: (i) two operations facilities in India with a combined building area of approximately 78,000 sq. ft., (ii) an operations facility in Troy, Michigan that serves as the Company’s primary data center with an approximate building area of 66,000 sq. ft. (iii) an operations facility in Egham, England with an approximate building area of 11,000 sq. ft. and (iv) an operations facility in Dublin, Ireland with an approximate building area of 25,000 sq. ft. We also maintain an operating presence at more than 200 client sites.

The rest of Item 2

Our properties are suitable to deliver services to our clients for each of our business segments. Our management believes that all of our properties and facilities are well maintained.

Item 2 of the 10-K filed Mar 31, 2026.5

Leadership

Who has led XBP Global Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorJames G. Reynolds named Sep 30, 202633

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Asterion Belgium N.V. Belgium4
  • Asterion DM Finland A.B. Finland4
  • Asterion Denmark A/S Denmark4
  • Asterion International GmbH Germany4
  • BTC Int'l Holdings, Inc. Delaware4
  • BTC Ventures, Inc. Delaware4
  • BancTec (Canada), Inc. Ontario4
  • BancTec (Philippines), Inc. Philippines4
  • BancTec (Puerto Rico), Inc. Delaware4
  • BancTec B.V. Netherlands4
  • BancTec Group LLC Delaware4
  • BancTec Holding N.V. Netherlands4
  • BancTec India Pvt. Ltd. India4
  • BancTec Intermediate Holding, Inc. Delaware4
  • BancTec Transaktionsservice GmbH Austria4
  • BancTec, Inc. Delaware4
  • BillSmart Solutions LLC Delaware4
  • Charter Lason, Inc. Delaware4
  • CorpSource Holdings, LLC Delaware4
  • DFG2 Holdings, LLC Delaware4
  • DFG2, LLC Delaware4
  • Deliverex, LLC Delaware4
  • Digital Mailroom LLC Delaware4
  • DocuData Solutions, L.C. Texas4
All 115 listed subsidiaries
  • Drescher Full-Service Versand GmbH Germany4
  • DrySign, LLC Delaware4
  • Economic Research Services, Inc. Florida4
  • Exela BR SPV, LLC Delaware4
  • Exela Enterprise Solutions, Inc. Delaware4
  • Exela Finance, Inc. Delaware4
  • Exela Intermediate, LLC Delaware4
  • Exela RE, LLC Delaware4
  • Exela Receivables 3 Holdco, LLC Delaware4
  • Exela Receivables 3, LLC Delaware4
  • Exela Technologies AS Norway4
  • Exela Technologies BV Netherlands4
  • Exela Technologies Iberica S.A. Spain4
  • Exela Technologies Payment Solutions Ltd. Ireland4
  • Exela Technologies RE BV Netherlands4
  • Exela XBP, LLC Delaware4
  • ExelaPay, LLC Texas4
  • FTS Parent Inc. Delaware4
  • Fedaso France SAS France4
  • GP 2XCV Holdings LLC Delaware4
  • GP 2XCV, LLC Delaware4
  • Glo—X, Inc. Oklahoma4
  • HOV Enterprise Services, Inc. New Jersey4
  • HOV Services, Inc. Delaware4
  • HOV Services, LLC Nevada4
  • HOVG, LLC Nevada4
  • Ibis Consulting, Inc. Rhode Island4
  • Imagenes Digitales S.A. de C.V. Mexico4
  • J & B Software, Inc. Pennsylvania4
  • Kinsella Media, LLC Delaware4
  • Lason International, Inc. Delaware4
  • LexiCode Healthcare, Inc. Philippines4
  • Managed Care Professionals, LLC Delaware4
  • Meridian Consulting Group, LLC Nevada4
  • NEON Acquisition, LLC Delaware4
  • Novitex Enterprise Solutions Canada, Inc. Ontario4
  • Novitex Government Solutions, LLC Delaware4
  • Novitex Intermediate, LLC Delaware4
  • O.T. Drescher AG Switzerland4
  • Orone Contract SARL Morocco4
  • PCH Subscription Services, LLC Delaware4
  • Pacific Northwest United Information Services, LLC Washington4
  • Pangea Acquisitions, Inc. Delaware4
  • Plexus Global Finance, LLC Delaware4
  • Promotora de Tecnologia, S.A. de C.V. Mexico4
  • RC4 Capital, LLC Delaware4
  • Reaktr LLC Nevada4
  • Recognition Mexico Holding, Inc. Delaware4
  • Recognition de Mexico S.A. de C.V. Mexico4
  • Regulus America LLC Delaware4
  • Regulus Group II LLC Delaware4
  • Regulus Group LLC Delaware4
  • Regulus Holding Inc. Delaware4
  • Regulus Integrated Solutions LLC Delaware4
  • Regulus West LLC Delaware4
  • Rust Consulting, Inc. Minnesota4
  • Rustic Canyon III, LLC Delaware4
  • S-Corp Philippines, Inc. Philippines4
  • SIG—G.P., L.L.C. Delaware4
  • Services Integration Group, L.P. Delaware4
  • SourceCorp BPS, Inc. Delaware4
  • SourceCorp Legal, Inc. Delaware4
  • SourceCorp Management, Inc. Texas4
  • SourceCorp, Incorporated Delaware4
  • SourceHOV Canada Company Nova Scotia4
  • SourceHOV HealthCare, Inc. South Carolina4
  • SourceHOV Holdings, Inc. Delaware4
  • SourceHOV LLC Delaware4
  • Sourcecorp de Mexico S.A. de C.V. Mexico4
  • TRAC Holdings, LLC Delaware4
  • TransCentra, Inc. Delaware4
  • United Information Services, Inc. Iowa4
  • XBP Americas Holdings, LLC Delaware4
  • XBP Americas, LLC (f/k/a Exela Technologies BPA, LLC) Delaware4
  • XBP Asia IT Solutions Private Limited (f/k/a SourceHOV India Pvt. Ltd.) India4
  • XBP Asia Technologies Private Limited (f/k/a Exela Technologies India Private Ltd.) India4
  • XBP Europe AB Sweden4
  • XBP Europe Arista SAS France4
  • XBP Europe Ast AB Sweden4
  • XBP Europe Ast S.A.S France4
  • XBP Europe ECM Solutions GmbH Germany4
  • XBP Europe GmbH Germany4
  • XBP Europe Holding GmbH Germany4
  • XBP Europe Parkwest Limited Ireland4
  • XBP Europe S.A. France4
  • XBP Europe Services SAS France4
  • XBP Europe d.o.o. Belgrade Serbia4
  • XBP Europe s.p. z.o.o. Poland4
  • XBP Europe, Inc. Delaware4
  • XCV—EMEA, LLC Delaware4
  • XCV—HM, LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • XBP Europe Holdings, Inc.Aug 23, 2023 to Jul 21, 20253
  • CF Acquisition Corp. VIIIJan 19, 2021 to Nov 27, 20233

Timeline

  1. Sep 14, 20268-K Entered a material agreement; Unregistered sale of shares34
  2. Aug 13, 20268-K Results of operations35
  3. Jun 1, 20268-K Shareholder vote36
  4. May 14, 20268-K Results of operations37
  5. Mar 30, 20268-K Results of operations38
  6. Mar 12, 20268-K Entered a material agreement39
  7. Jan 6, 20268-K Other events40
  8. Dec 12, 20258-K Bylaws or fiscal year changed41
  9. Dec 5, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed; Regulation FD disclosure42
  10. Nov 14, 20258-K Results of operations43
  11. Sep 22, 20258-K Listing notice or transfer44
  12. Sep 12, 20258-K Completed an acquisition or sale45
  13. Dec 11, 2023New chief executive Andrej Jonovic becomes CEO13
  14. Jul 8, 2020Founded XBP Global Holdings, Inc. is founded2

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202646

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results35
  2. May 14, 2026Reported quarterly or annual results37
  3. Mar 30, 2026Reported quarterly or annual results38
  4. Nov 14, 2025Reported quarterly or annual results43
  5. Aug 14, 2025Reported quarterly or annual results47
  6. May 15, 2025Reported quarterly or annual results48
  7. Mar 19, 2025Reported quarterly or annual results49
  8. Nov 12, 2024Reported quarterly or annual results50

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

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:

  1. Sep 30, 2026D EDGAR
  2. Sep 22, 2026SCHEDULE 13D/A EDGAR
  3. Sep 22, 2026S-3 EDGAR
  4. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Sep 21, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Sep 17, 2026SCHEDULE 13D/A EDGAR
  10. Sep 17, 20264 EDGAR
  11. Sep 17, 20264 EDGAR
  12. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  13. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  14. Sep 17, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Sep 17, 2026SCHEDULE 13D/A EDGAR
  16. Sep 14, 20268-K EDGAR
  17. Aug 21, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Aug 20, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Aug 14, 202610-Q EDGAR
  20. 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.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Avenue Capital Management II, L.P.10% ownerBuy72,394$2.83$204.9KForm 4
Sep 15, 2026Avenue RP Opportunities Fund GenPar, LLC10% ownerBuy527,606$2.83$1.5MForm 4
Sep 15, 2026CHADHA PARDirectorBuy204,946$2.83$580.0KForm 4
Sep 15, 2026Avramovic DejanChief Financial OfficerBuy8,833$2.83$25.0KForm 4
Sep 15, 2026Jonovic AndrejChief Executive OfficerBuy31,500$2.83$89.1KForm 4
May 19, 2026Klein Randal TDirectorBuy25,000$2.44$61.0KForm 4
Oct 6, 2025LUTNICK HOWARD W10% ownerSale6,064,404Form 4
Aug 18, 2025Klein Randal TDirectorBuy150,000$0.54$81.0KForm 4
Dec 14, 2023CF GROUP MANAGEMENT INC10% ownerSale100,676$11.43$1.2MForm 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.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Andrej JonovicChief Executive Officer45$552.0K$1.6M68
2025Vitalie RobuPresident, Europe54$469.5K$1.2M68
2025Dejan AvramovicChief Financial Officer42$399.0K$841.2K68
2024Andrej JonovicChief Executive Officer45$552.0K$2.0M68
2024Vitalie RobuPresident, Europe54$455.6K$1.5M68
2024Dejan AvramovicChief Financial Officer42$399.0K$1.0M68

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$6.0M 2026–2026
Money received by yearMoney received by year, 2026–2026: $6.0M in all. Private raises (Form D) $6.0M.$0$2M$4M$6M$8M2026 · Private raises (Form D): $6.0M2026
Figures by year
YearPrivate raises (Form D)Total
2026$6.0M$6.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Sep 15, 2026Raised $6 million in a private offering of equity33 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.

FundSharesValueShare of the fundChange
Gates Capital Management, Inc.3,193,149$7.4M0.2%No change
Cantor Fitzgerald, L. P.1,636,238$3.8M0.0%+869,366
HoldCo Asset Management, LP787,141$1.8M0.1%No change
BlackRock, Inc.176,686$409.9K0.0%+2,831
Allianz Asset Management GmbH168,751$391.5K0.0%No change
Vanguard Capital Management LLC127,383$295.5K0.0%−475
Bank Of America Corp /de/125,680$291.6K0.0%−32,252
Geode Capital Management, LLC123,937$287.8K0.0%−3,863
BRC Group Holdings, Inc.73,657$170.9K0.0%No change
Vanguard Fiduciary Trust Co58,198$135.0K0.0%+475
Jefferies Financial Group Inc.54,609$126.7K0.0%No change
Shay Capital LLC25,000$58.0K0.0%No change
Northern Trust Corp23,460$54.4K0.0%−1,654
State Street Corp22,710$52.7K0.0%No change
Brookfield Corp /ON/19,681$45.7K0.0%No change
Goldman Sachs Group Inc17,870$41.5K0.0%+545
National Philanthropic Trust15,491$35.9K0.0%−14,114
Crewe Advisors LLC9,000$20.9K0.0%+2,500
Vanguard Global Advisers, LLC3,940$9.1K0.0%No change
Tower Research Capital LLC (TRC)3,756$8.7K0.0%+3,709
Jpmorgan Chase & Co2,986$7.5K0.0%−11
UBS Group AG1,143$2.7K0.0%+1,115
Barclays PLC100$2320.0%+23
Morgan Stanley33$760.0%−600
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC32$740.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How XBP Global Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARXBP Global Holdings, Inc.1
  • CIK0001839530
  • Employer ID (EIN)85-20028835
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address6641 N. Belt Line Road, Suite 100, Irving, TX 750631
  • Phone(844) 935-28321
  • Shares outstanding11,881,339 as of Aug 14, 202611
  • Public float$6.2M as of Jun 30, 20255
  • AuditorUHY LLP, Sterling Heights, Michigan PCAOB ID 1195; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJan 19, 20211
  • Filings273 in all: 4 (49), 8-K (46), 3 (30), CORRESP (18), 10-Q (17), UPLOAD (15), S-1/A (10), SC 13G/A (10)1
    All 39 form types

    SC 13G (8), DEF 14A (7), SCHEDULE 13D/A (7), 10-K (5), EFFECT (5), PRE 14A (5), SCHEDULE 13D (4), ARS (3), PRER14A (3), S-1 (3), S-3 (3), SC 13D/A (3), 10-K/A (2), S-8 (2), SC 13D (2), 10-Q/A (1), 25-NSE (1), 424B3 (1), 424B4 (1), 424B5 (1), 425 (1), 8-A12B (1), 8-K/A (1), CERT (1), D (1), DEFA14A (1), DEFM14A (1), DRS (1), PREM14A (1), S-1MEF (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Apr 29, 2026
    Latest 8-K (8-K) Sep 14, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.0001 per shareXBPNasdaq
Redeemable warrants, each ten warrants exercisable for oneshare of common stock at an exercise price of $115.00 per shareXBPEWNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks XBP Global Holdings, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 35 risks under these headings, as written.5

  • Risks Relating to our Business
  • Our strategic focus on automating and modernizing the workplace through artificial intelligence involves significant execution risks, and failure to successfully develop or monetize these solutions could materially harm our business.
  • Many of the Company’s client contracts may be terminated without cause and with limited notice, and government contracts subject it to audits, investigations and potential penalties that could result in contract termination, financial liability and reputational damage.
  • The Company’s long-term contracts are based on cost estimates that may prove inaccurate, and its inability to offset increased operational costs with corresponding fee increases could materially impact its financial performance.
  • The Company’s workflow automation solutions require extended selling cycles and implementation periods, which can strain finances through upfront expenses without immediate revenue and create risks of contract loss after significant investment.
  • The Company operates in a highly competitive industry and faces significant competition from companies with stronger financial resources, better brand recognition and lower-cost operations, as well as from clients who may choose to perform services in-house.
  • The Company operates in an industry characterized by rapid technological change, and failure to develop competitive technology solutions, adapt to digital transformation trends or respond to evolving client needs could result in loss of market share and revenue.
  • The Company’s reliance on third-party hardware and software creates risks of service disruptions, increased costs and operational delays if vendors discontinue products or raise prices, or if it encounters defects in third-party components.
  • Certain higher-risk engagements involving significant financial sums, sensitive data or complex legal matters could expose the Company to increased liability, reputational damage and operational disruption despite its risk mitigation efforts.
  • The Company’s business depends on protecting its intellectual property and avoiding infringement claims from others, and failure in either area could result in loss of competitive advantage, substantial damages or operational restrictions.
  • The Company’s revenues are concentrated, making it vulnerable to downturns, consolidation or regulatory changes in specific sectors.
  • The Company’s competitive bidding process for commercial and government contracts requires substantial upfront investment with uncertain returns and exposes it to protest risks, cost estimation challenges and opportunity costs.
The other 24 risks
  • The Company’s profitability depends on its ability to obtain adequate pricing for its services in competitive markets and maintain cost efficiency through restructuring actions, technology initiatives and global delivery centers, and its failure to achieve productivity improvements or absorb pricing pressures could materially adversely affect its results of operations, particularly given operational risks in developing countries and increasingly stringent service requirements.
  • Failure to comply with data privacy and data protection laws in processing and transferring personal data across jurisdictions may subject the Company to penalties and other adverse consequences, and the enactment of more stringent data privacy and data protection laws may increase its compliance costs.
  • The Company must maintain strict physical and information security standards subject to regular client and third-party audits, and failure to meet these requirements or negative audit findings could result in contract termination and reputational damage.
  • The Company faces significant cybersecurity risks and vulnerability to data breaches from sophisticated cyber threats, employee errors and third-party compromises, which could result in loss of client confidence, business disruption, legal liability and substantial financial costs.
  • The Company’s increasing integration of AI into its offerings presents risks of reputational harm, legal liability, increased costs, and competitive disadvantage if AI applications generate controversy, perform inadequately or require substantial investment in development and testing.
  • Geopolitical tensions and global macroeconomic uncertainty could adversely affect our business, financial condition, and results of operations.
  • Currency fluctuations between the U.S. Dollar and foreign currencies in the Company’s international operations could materially affect its recorded assets, liabilities, revenues, and operating margins.
  • Fluctuations in raw material costs, particularly paper, ink and energy, may increase the Company’s operational expenses and reduce demand for its printing services, and it may be unable to pass these costs on to clients or benefit from by-product sales.
  • The Company’s ability to attract and retain qualified personnel and to manage increasing labor costs and evolving employment law obligations across its global operations could materially affect its business and results of operations.
  • The Company has identified material weaknesses in its internal control over financial reporting, and a failure to remediate such material weaknesses in a timely manner could impair its ability to produce accurate financial statements, result in restatements, damage investor confidence and potentially lead to delisting from Nasdaq.
  • Risks Relating to our Indebtedness
  • The Company’s substantial level of indebtedness could place it at a competitive disadvantage and limit its operational flexibility compared to less leveraged competitors.
  • The Company faces significant interest expense and principal repayment obligations, and its ability to service this debt depends on future performance and cash generation that is subject to factors beyond its control.
  • Substantially all of the Company’s assets are subject to liens that secure its indebtedness, giving secured lenders superior claims and foreclosure rights in the event of insolvency, liquidation or default.
  • Restrictive covenants in the Company’s financing agreements, including financial, affirmative and negative covenants, limit management’s discretion and the Company’s operational and financial flexibility, and failure to comply could result in defaults, waivers, increased costs or acceleration of indebtedness.
  • Despite restrictions in the Company’s debt agreements, it may be able to incur substantial additional indebtedness in the future, which could intensify current financial risks and strain its ability to obtain necessary financing for corporate purposes on acceptable terms.
  • Risks Resulting from the Restructuring
  • BPA recently emerged from bankruptcy, which may adversely affect the Company’s business and relationships.
  • The Company’s historical financial statements are not comparable to the information contained in the Company’s financial statements after the application of fresh-start accounting following the Restructuring.
  • Uncertainty regarding the tax treatment of the Business Combination and Restructuring could have a material adverse effect on the Company.
  • Risks Related to Our Common Stock
  • The Company has a limited public float, which adversely affects trading volume and liquidity, and may adversely affect the price of the Common Stock and access to additional capital.
  • The Company is a “smaller reporting company,” and its reliance on associated disclosure exemptions could make its securities less attractive to investors.
  • Substantial future sales of shares of Common Stock could cause the market price of the Company’s Common Stock to decline.
  • The Company has entered into a Shareholder Rights Agreement that may delay, defer or prevent a tender offer or takeover attempt that public stockholders might consider in their best interest.
  • The Company’s Charter contains forum limitations for certain disputes between the Company and its stockholders that could limit the ability of stockholders to bring claims against the Company or its directors, officers and employees in jurisdictions preferred by stockholders.
  • The Company’s Common Stock may be delisted from the Nasdaq Capital Market if it is unable to maintain compliance with Nasdaq's continued listing standards.

Legal proceedings

Business Interruption Insurance Claim

During the second half of 2022, certain subsidiaries of the Company experienced a network security incident (the “2022 Network Outage”) impacting certain of such subsidiaries operational and information technology systems. As a result of the 2022 Network Outage, such subsidiaries of the Company experienced lost revenue and incurred certain incremental costs. The Company had reduced its revenue for 2022 by the estimated settlement amount of the incident-related customer claims and recorded an accrued liability for the claims payable to customers. A total of $0 and $1.9 million that may be payable to customers to settle customer claims are recorded as customer payables in accrued liabilities on its combined and consolidated balance sheets as of December 31, 2025 and December 31, 2024, respectively.

The opening of Item 3, Legal Proceedings.5

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