XBP Global Holdings, Inc. (NASDAQ: XBP) announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. The company reported a revenue of $791.0 million for the full year, reflecting a decline of 9.4% year-over-year. The gross margin on a reported basis was 21.7%, which is a slight increase of 10 basis points compared to the previous year. The company also reported a GAAP net income of $1.1 billion, a significant turnaround from a net loss of $215.2 million in the prior year. This improvement is attributed to the transformative acquisition of Exela Technologies BPA, LLC, which was completed in July 2025. The results include pro forma metrics to provide a clearer view of the combined business's performance, as the company continues to stabilize its operations following the acquisition. The fourth quarter revenue totaled $207.0 million, a decline of 15.1% year-over-year on a pro forma basis. Despite the revenue challenges, the company is optimistic about its future growth prospects, focusing on enhancing its sales leadership and client outreach initiatives. The company will host a conference call on March 31, 2026, to discuss these results in detail and provide further insights into its strategic direction.

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