XBP Global Holdings, Inc. (NASDAQ: XBP) provides technology-led services for large enterprises and public sector clients. The company’s Board of Directors has started a process to explore strategic options to increase value for its shareholders. This strategic review includes possibly selling certain business units, as highlighted by GlobeNewswire.
This strategic review follows the company's recent financial report. On May 14, 2026, XBP announced its first-quarter results after the market closed. The company reported revenue of $197.13 million, which was below the analyst estimate of $199.10 million and marked a 14.2% decline from the previous year.
The company also missed its earnings target. It reported an earnings per share of -$2.28, which was significantly lower than the consensus estimate of -$0.18. This miss reflects a net loss of $26.80 million for the quarter and a negative trailing price-to-earnings (P/E) ratio of -0.15, indicating it was not profitable.
Despite the revenue decline and losses, XBP saw some positive developments. Its gross margin, which is the profit made on sales before operating costs, improved to 22.9%. The company also secured $108.10 million in total contract value, a 68.8% increase year-over-year, showing strong new business growth.
To improve its financial health, XBP is shifting to an AI-first operating model. This change is expected to create $55 to $60 million in annual savings. The plan also includes a 20% reduction in its global workforce by the end of 2026 to increase efficiency.
