XBP Global Holdings, Inc. (XBP) Form 10-Q — Aug 14, 2026
XBP Global Holdings reported Q2 2026 (Successor) revenue of $191.3 million, up from $182.7 million in the year-ago Predecessor period, but posted a net loss of $16.7 million ($1.42 loss per share), weighed down by $13.9 million of net interest expense and $5.0 million of European restructuring charges. Liquidity is the dominant issue: the company held just $18.6 million of unrestricted cash at June 30, 2026 against a $111.2 million working capital deficit, and missed Plan-required payments to holders of Priority Tax Claims, which constituted events of default under its ABL Facility and gave rise to cross-defaults under its other financing agreements.
Key figures
- Revenue
- 191311000
- Revenue Yoy
- +4.7% (Q2 2026 Successor $191.3M vs Q2 2025 Predecessor $182.7M; periods not strictly comparable due to fresh start accounting)
- Total Assets
- 827769000
- Cash Position
- 18579000
- Shares Outstanding
- 11881339
- Baronsmede offers
- £2.5-2.6 million
- Super senior rate
- Term SOFR + 11.7% (4.0% floor)
- Q2 2025 revenue usd
- 182712000
- Restricted cash usd
- 9380000
- July 2030 notes rate
- 12.0% fixed
- Second lien maturity
- 2026-09-30
- Six month revenue usd
- 388396000
- Interest expense q2 usd
- 13890000
- Restructuring charges usd
- 5000000
- Working capital deficit usd
- 111200000
- Abl facility outstanding usd
- 63300000
- July 2030 notes outstanding usd
- 188000000
- Subsequent notes sale gross usd
- 13000000
- Restructuring employees affected
- 245
- Second lien note outstanding usd
- 9500000
- Subsequent notes sale net proceeds usd
- 10400000
- Super senior term loan outstanding usd
- 56000000
Price after filing
Close on the filing date to close N calendar days later (from $2.88). Historical, not a forecast.
AI analysis
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