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XBPEW

XBP Europe Holdings, Inc.

XBPEW

XBP Europe Holdings, Inc. • NASDAQ
$0.04 ▲ 0.00% (+0.04)
Market Cap $20.09 M
52w High $0.05
52w Low $0.04
Dividend Yield 0%
P/E 0
Volume 300
Outstanding Shares 515.30M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $209.085M ▲ $340.01M ▲ $-344.399M ▼ -164.717% ▼ $-9.59 ▼ $-281.083M ▼
Q2-2025 $39.615M ▲ $13.431M ▲ $-6.889M ▼ -17.39% ▼ $-0.19 ▼ $-267K ▲
Q1-2025 $37.673M ▲ $13.142M ▲ $-4.35M ▼ -11.547% ▼ $-0.13 ▼ $-690K ▼
Q4-2024 $35.785M ▲ $9.087M ▲ $-2.666M ▲ -7.45% ▲ $-0.088 ▼ $1.805M ▼
Q3-2024 $35.4M $9.043M $-2.769M -7.822% $-0.041 $3.22M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $34.534M ▲ $947.932M ▲ $817.429M ▲ $130.503M ▲
Q2-2025 $6.121M ▼ $105.183M ▲ $133.462M ▲ $-28.279M ▼
Q1-2025 $9.681M ▼ $98.977M ▲ $119.365M ▲ $-20.388M ▲
Q4-2024 $12.099M ▲ $88.045M ▼ $109.391M ▼ $-21.346M ▼
Q3-2024 $7.77M $99.647M $120.408M $-20.761M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.174B ▲ $-149.626M ▼ $-3.82M ▼ $163.171M ▲ $58.118M ▲ $-155.792M ▼
Q2-2025 $-6.889M ▼ $-3.079M ▼ $-1.045M ▲ $79K ▲ $-3.521M ▼ $-4.124M ▼
Q1-2025 $-4.35M ▼ $-929K ▼ $-1.091M ▼ $-450K ▲ $-2.38M ▼ $-1.897M ▼
Q4-2024 $-2.666M ▲ $5.927M ▲ $-269K ▲ $-1.787M ▼ $4.146M ▲ $5.658M ▲
Q3-2024 $-2.769M $-5.614M $-715K $-1.385M $-7.602M $-6.329M

Five-Year Company Overview

Income Statement

Income Statement The company’s income statement shows a business operating at very thin margins and not yet truly profitable. Revenue has slowly drifted down over the past several years rather than growing, which is not ideal for a technology and automation story. Gross profit has stayed roughly flat in absolute terms, so there is no real sign of scale benefits yet. Operating results hover around break-even, and after interest and other costs, bottom-line earnings remain modestly negative every year. Persistent losses and negative per‑share earnings suggest the current business mix is not yet covering the full cost of running the company, even though the losses are not extremely large in absolute terms.

Balance Sheet

Balance Sheet The balance sheet looks tight and somewhat fragile. Total assets are small and have edged down over time, which limits financial flexibility. Cash on hand is quite low, leaving only a thin liquidity cushion. Debt sits meaningfully above cash, so the company relies on borrowing more than on its own reserves. Shareholders’ equity is negative throughout the period, which means liabilities exceed assets. This “equity deficit” does not automatically mean distress, but it does indicate a leveraged and constrained financial position with limited room for big missteps or prolonged weakness.

Cash Flow

Cash Flow Cash flow is close to break-even but not comfortably positive. Operating cash generation occasionally slips into the red and then back toward zero, showing a business that is not burning cash aggressively but also not consistently funding itself from its own operations. Free cash flow follows the same pattern: slightly negative or just around zero, helped by low capital spending. This low investment can preserve cash in the short term but may also reflect limited capacity to invest heavily in growth or new infrastructure without outside funding. Overall, cash dynamics appear fragile and highly sensitive to even small shifts in revenue, margins, or working capital needs.

Competitive Edge

Competitive Edge Competitively, the company is trying to carve out a position in business process automation by combining AI tools, robotic process automation, and workflow platforms. Its main strengths are a broad service portfolio, deep specialization in payments and document-heavy workflows, long-standing client relationships, and a global footprint inherited from the Exela BPA acquisition. Long average client tenure and embedded systems suggest a fairly “sticky” customer base, especially in regulated and process-intensive industries like healthcare, banking, and the public sector. However, this is a crowded space with many capable rivals offering automation, AI, and outsourcing solutions. The company must prove it can convert its technology story and large installed base into renewed revenue growth rather than steady erosion. Integration of the acquired operations adds execution risk: if service quality or cost control slip, competitors can attempt to displace them, especially on price or more advanced AI features.

Innovation and R&D

Innovation and R&D Innovation is a clear strategic focus. The company is leaning heavily into its “Agentic AI” vision: autonomous, AI-orchestrated workflows that aim to handle complex, document-heavy and transaction-heavy processes with minimal human intervention. Platforms like nventr.ai for intelligent document processing, preconfigured bots, and vertical tools for healthcare, finance, government, and digital mailrooms are designed to differentiate it from more generic automation vendors. If these tools continue to improve, they could shift the business mix toward higher-margin software and technology services, away from more labor-intensive operations. That would support better profitability over time. The main uncertainties are execution and proof: the company still needs to show consistent real-world wins, client ROI, and sustained demand growth in a very competitive, fast-moving AI and automation market. Partnerships and smaller bolt-on technology deals may help strengthen its stack, but they also add complexity to integration and product coherence.

Summary

Overall, XBP Europe (XBP Global) presents a contrast between a promising strategic story and a strained financial base. On the positive side, it operates in an attractive long-term theme—AI-enabled business process automation—with proprietary platforms, long-tenured enterprise clients, and a broad international footprint resulting from a major acquisition. Its focus on “Agentic AI,” intelligent document processing, and specialized industry workflows gives it a clear narrative and potential for higher-margin, more scalable offerings. On the risk side, recent financial history shows shrinking revenue, ongoing net losses, a negative equity position, and only thin, sometimes negative, cash generation. The balance sheet leaves limited buffer, and the integration of a large acquired business adds operational and cultural challenges. To change the story, the company will need to demonstrate that its AI and automation capabilities can stabilize and then grow revenue, improve margins, and translate into consistently positive cash flow. In short, this is a company with an ambitious technology and automation vision, meaningful client relationships, and real scale, but operating from a financially tight position and facing significant execution and competitive risks. Uncertainty is high, and future results will depend heavily on how well it manages integration, innovation delivery, and the shift toward higher-value, software-driven services.