XBP Global Q2 revenue down 14% pro forma; net loss $16.7 million
XBP Global reported second quarter 2026 revenue of $191.3 million, down 14.0% year-over-year on a pro forma basis, and a net loss of $16.7 million. Normalized EBITDA rose 8.4% pro forma to $21.9 million, and the company raised its annualized operational efficiency target to $65 to $75 million from $55 to $60 million. The company also said it has engaged a financial advisor in connection with previously announced strategic alternatives.
Key points
- Revenue of $191.3 million, down 14.0% year-over-year on a pro forma basis
- Net loss of $16.7 million; Normalized EBITDA of $21.9 million, up 8.4% pro forma
- Adjusted gross margin of 24.9%, described by the company as its highest level to date
- Efficiency target raised to $65 to $75 million annualized, with approximately $35 million expected in 2026
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.