XBP Global Holdings, Inc.

Listed Company

XBPCIK 0001839530NasdaqNon-AcceleratedSmaller ReportingServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

—

Total Assets

$902.10M

Equity

$87.34M

Shares Out

11.77M

Op. Cash Flow

—

Business

XBP Global Holdings, Inc. is a pan-European integrator that provides bills, payments and digital transformation solutions to public and private sector clients. It offers a suite of products and services including the XBP Platform for bill presentment and payments, Request to Pay and Confirmation of Payee overlays, enterprise information management, robotic process automation, Digital Mailroom, workflow automation, integrated communications, and cybersecurity/data modernization via Reaktr.ai. The company reports through Bills & Payments and Technology segments. It serves over 2,000 clients across Europe with cloud, on-premises and hybrid deployment and SaaS distribution channels.

Summary from filing dated 2025-03-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-11-30	FY 2022 2022-12-31
Revenue	—	873	—	—	—
Selling, general and administrative expenses (exclusive of depreciation and amortization)	—	124	31	—	33
Depreciation and amortization	—	50	3	—	4
Impairment of goodwill	320	108	—	—	—
Operating profit (loss)	—	−105	1	—	−2
Interest expense, net	—	102	—	—	—
Debt modification and extinguishment loss (gain), net	—	363,000	—	—	—
Sundry expense (income), net	—	−2	—	—	—
Other income, net	—	−515,000	−929,000	—	−804,000
Loss before reorganization items and income taxes	—	−205	—	—	—
Income / (loss) before income taxes	—	−205	−5	—	−5
Income tax expense	—	10	606,000	—	3
Net profit (loss)	—	−215	−11	−13	−8

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-09-30	FY 2025 2025-07-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Cash and cash equivalents	37	—	12	12	7
Restricted cash	32	—	31	52	—
Accounts receivable, net of allowance for credit losses of $5,660 and $3,279, respectively	130	—	113	19	43
Related party receivables and prepaid expenses	736,000	—	4	12	—
Inventories, net	11	—	7	7	4
Prepaid expenses and other current assets	29	—	27	22	7
Total current assets	240	—	192	124	50
Property, plant and equipment, net of accumulated depreciation of $11,094 and $193,946, respectively	83	—	73	45	13
Operating lease right-of-use assets, net	30	—	30	31	5
Goodwill	190	190	510	40	23
Intangible assets, net	344	—	321	133	1
Other noncurrent assets	15	—	19	18	705,000
Total assets	902	—	1,088	390	103
Current portion of long-term debt	34	—	30	1,433	4
Accounts payable	56	—	42	43	13
Related party payables	5	—	1	3	13
Income tax payable	6	—	2	6	—
Accrued liabilities	47	—	41	45	24
Accrued compensation and benefits	56	—	34	68	16
Accrued interest	14	—	2	80	—
Customer deposits	22	—	18	20	—
Deferred revenue	12	—	—	7	6
Deferred revenue	—	—	10	—	—
Obligation for claim payment	56	—	53	71	—
Current portion of finance lease liabilities	4	—	5	5	91,000
Current portion of operating lease liabilities	10	—	9	9	2
Total current liabilities	322	—	248	1,790	82
Long-term debt, net of current maturities	353	—	307	1	—
Finance lease liabilities, net of current portion	7	—	7	6	23,000
Net defined benefit liability	6	—	1	1	12
Deferred income tax liabilities	53	—	50	13	—
Long-term income tax liabilities	11	—	8	8	—
Operating lease liabilities, net of current portion	23	—	23	24	4
Other long-term liabilities	41	—	38	3	2
Total liabilities	815	—	681	1,847	115
Commitments and Contingencies (Note 16)	—	—	—	—	—
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	12,000	—	8,000	0	30,000
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	—	407	0	—
Accumulated deficit	−351	—	—	0	−11
Predecessor's net parent investment	0	—	0	−1,450	—
Foreign currency translation adjustment	−1	—	0	−7	−1
Unrealized pension actuarial gains, net of tax	2	—	—	0	157,000
Total accumulated other comprehensive profit (loss)	455,000	—	0	−7	−1
Total stockholder's equity (deficit)	87	—	437	−1,457	−1,244
Total liabilities and stockholder's equity (deficit)	902	—	1,088	390	103

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Original issue discount, debt premium and debt issuance cost amortization	−66	—	—	—
Reorganization items	0	—	—	—
Interest on BR Exar AR Facility	−5	—	—	—
Provision for credit losses	18	343,000	181,000	—
Deferred income tax provision	939,000	—	—	—
Equity-based compensation expense	2	—	49,411	146,555
Unrealized foreign currency (gain) loss	−364,000	−616,000	2	—
Loss (gain) on sale of assets	−96,000	—	—	—
Fair value adjustment for private warrants liability	0	—	—	—
Paid-in-kind interest	87	—	—	—
Accounts receivable	6	6	−3	—
Prepaid expenses and other current assets	2	2	4	—
Accounts payable and accrued liabilities	33	—	—	—
Related party receivables (payables)	2	—	—	—
Additions to outsourced contract costs	−390,000	—	—	—
Net cash provided by (used in) operating activities	23	−2	10	—
Net cash received from acquisition (Refer Note 5)	0	—	—	—
Purchase of property, plant and equipment	−6	−2	−6	—
Additions to internally developed software	−3	—	—	—
Proceeds from sale of assets	3	—	—	—
Net cash used in investing activities	−6	−3	−6	−250
Cash paid for debt issuance costs	−533,000	—	—	−5
Principal payments on finance lease obligations	−7	−786,000	−1	—
Borrowings from other loans	15	—	—	—
Proceeds from Super Senior Term Loan	0	—	—	—
Repayment of Second Lien Note	−6	−92	−124	—
Proceeds from DIP New Money Loans	0	—	—	—
Principal repayments on senior secured term loans and other loans	−11	—	—	—
Net cash provided by (used in) financing activities	−3	−305,000	−1	250
Effect of exchange rates on cash, restricted cash and cash equivalents	−3	4	2	—
Net increase (decrease) in cash, restricted cash and cash equivalents	11	−568,000	5	—
Income tax payments, net of refunds received	4	1	1	—
Interest paid	75	2	3	—
Cash paid for reorganization items	0	—	—	—
Assets acquired through right-of-use arrangements	23	—	—	—
Waiver and consent fee payable added to outstanding balance of Senior Secured Term Loan	1	—	—	—
Promissory note issued for assets acquisition	2	—	—	—
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	—	—	—

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