Financial Statements — XBP
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.58 | 28.46 | 34.53 | 6.12 | 9.68 | 7.77 | 15.56 | 3.50 | 0.07 | 0.03 | 0.03 | 0.27 | -- | -- | 0.03 | 0.07 | 0.03 |
| Accounts Receivable | 129.42 | 130.25 | 136.59 | 33.61 | 26.93 | 24.58 | 27.94 | 30.95 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 11.20 | 11.39 | 11.68 | 4.04 | 3.65 | 4.06 | 4.69 | 4.74 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 196.78 | 222.41 | 241.98 | 50.61 | 47.54 | 47.51 | 57.67 | 47.67 | 0.08 | 0.25 | 0.49 | 0.28 | 1.76 | 0.07 | 0.49 | 0.80 | 0.98 |
| Property, Plant & Equipment | 72.50 | 78.06 | 88.53 | 13.53 | 12.22 | 12.28 | 12.72 | 13.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | 189.88 | 189.88 | 214.26 | 24.36 | 22.66 | 23.28 | 22.32 | 22.38 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 322.75 | 332.36 | 349.81 | 1.27 | 1.17 | 1.27 | 1.27 | 1.29 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 630.99 | 649.03 | 705.95 | 54.58 | 51.44 | 52.14 | 50.36 | 51.46 | 7.84 | 15.71 | 15.47 | 31.19 | 225.73 | 226.20 | 250.54 | 250.56 | 250.00 |
| Total Assets | 827.77 | 871.44 | 947.93 | 105.18 | 98.98 | 99.65 | 108.03 | 99.14 | 7.92 | 15.95 | 15.96 | 31.47 | 227.49 | 226.27 | 251.03 | 251.36 | 250.98 |
| Accounts Payable | 64.49 | 69.78 | 67.63 | 15.93 | 13.51 | 11.27 | 17.09 | 15.60 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 307.94 | 330.68 | 330.36 | 89.15 | 77.80 | 74.51 | 79.87 | 80.84 | 11.65 | 10.91 | 10.60 | 9.11 | 8.56 | 6.89 | 2.23 | 1.34 | 0.56 |
| Long-term Debt | 372.91 | 381.21 | 381.47 | 32.35 | 29.73 | 31.45 | 32.21 | 17.26 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 473.37 | 478.20 | 487.07 | 44.31 | 41.57 | 45.90 | 46.54 | 32.50 | 21.65 | 3.51 | 3.43 | 2.33 | 2.98 | 4.07 | 9.02 | 9.19 | 10.04 |
| Total Liabilities | 781.31 | 808.88 | 817.43 | 133.46 | 119.37 | 120.41 | 126.41 | 113.34 | 33.30 | 14.42 | 14.04 | 11.44 | 11.54 | 10.95 | 11.26 | 10.53 | 10.59 |
| Retained Earnings | (394.59) | (377.88) | (305.84) | (34.94) | (28.05) | (21.04) | (18.27) | (13.55) | (33.34) | (14.29) | (13.90) | (11.14) | (9.35) | (10.32) | (10.23) | (1.39) | (1.82) |
| Total Stockholder Equity* | 46.46 | 62.56 | 130.50 | (28.28) | (20.39) | (20.76) | (18.38) | (14.21) | (33.01) | (13.99) | (13.45) | (11.14) | (9.68) | (10.31) | (10.23) | 240.82 | 240.39 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 191.31 | 197.13 | 208.67 | 233.43 | 182.71 | 191.98 | 208.67 | 233.43 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 150.16 | 151.90 | -- | 200.34 | 170.89 | 180.62 | 198.53 | 221.87 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 41.16 | 45.24 | -- | 33.08 | 11.82 | 11.36 | 10.14 | 11.55 | 6.63 | 9.94 | 8.64 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.77 | 0.44 | 0.50 | 0.69 | 1.11 | 0.43 | 0.37 | 0.90 | 1.14 |
| Total Operating Expenses | 44.88 | 60.32 | -- | 325.25 | 13.43 | 13.14 | 9.09 | 9.04 | 12.21 | 9.87 | 10.45 | 10.08 | 22.28 | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (3.72) | (15.08) | -- | (292.17) | (1.61) | (1.79) | 3.31 | 2.51 | (2.41) | 0.07 | (2.22) | (0.82) | (0.53) | (0.61) | (0.77) | (1.19) | (0.51) | (0.41) | (0.99) | (1.23) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.21 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (18.46) | (28.20) | -- | (302.47) | (2.93) | (3.09) | 1.87 | 0.44 | (4.18) | (1.75) | (7.68) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (1.76) | (1.43) | -- | 3.37 | 0.51 | 0.76 | 0.25 | 1.66 | 0.54 | 0.46 | 0.54 | 0.04 | 0.03 | -- | (0.03) | 0.10 | 0.04 | -- | -- | -- |
| Net Income | (16.70) | (26.76) | -- | (305.84) | (6.89) | (4.35) | (2.67) | (2.77) | (4.72) | (2.21) | 9.98 | (19.04) | (0.39) | (1.59) | (1.17) | (0.81) | 0.97 | 3.41 | 0.73 | (1.06) |
| Basic EPS | (1.42) | (2.28) | -- | (2.60) | (0.19) | (0.14) | 0.73 | (0.09) | (0.16) | (0.07) | (0.22) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (1.42) | (2.28) | -- | (2.60) | (0.19) | (0.14) | 0.73 | (0.09) | (0.16) | (0.07) | (0.22) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (10.14) | (5.04) | 13.87 | (3.08) | (0.93) | 5.93 | (5.61) | (1.93) | (3.61) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital Expenditures | 1.33 | 1.09 | 3.40 | 0.91 | 0.97 | 0.14 | 0.57 | 0.17 | 0.39 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (11.47) | (6.13) | 10.47 | (3.99) | (1.90) | 5.79 | (6.18) | (2.10) | (3.99) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (1.78) | (1.56) | (3.27) | (1.04) | (1.09) | (0.27) | (0.71) | (0.34) | (0.38) | (27.03) | 8.04 | 0.00 | 16.32 | 0.03 | 195.38 | 0.00 | 24.40 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | (13.31) | (8.45) | 9.98 | 0.08 | (0.45) | (1.79) | (1.38) | 14.94 | 0.68 | 24.03 | (8.00) | -0.00 | (16.34) | (0.25) | (196.59) | 1.45 | (24.40) | 0.00 | 0.03 | 0.04 |
* Derived from reported values