XBP Europe Holdings, Inc. (XBP) Income Statement
XBP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXBP revenue and net income
Where XBP's revenue goes
2025Each bar shows an amount and its share of revenue. XBP kept 139.5% of revenue as net income.
XBP profit margins
XBP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +454.1% | +68.1% | +34.4% | +12.1% |
| Gross profit | +221.8% | +51.8% | +23.0% | +9.3% |
| Operating income | +248.3% | +235.2% | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XBP quarterly EPS vs estimates
XBP Europe beat the analyst EPS estimate in 0 of the last 2 quarters. Next report: November 13, 2026.
XBP income statement
| 2025 | 2024 | 2023 | 2023 | 2022 | 2022 | 2021 | 2021 | 2020 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $791.0M | $142.8M | $155.2M | $166.6M | $180.5M | $180.5M | $205.9M | $205.9M | $217.5M | $217.5M |
| Cost of revenue | $667.9M | $104.5M | $115.3M | $131.4M | $136.8M | $136.8M | $165.0M | $165.0M | $175.5M | $175.5M |
| Gross profit | $123.1M | $38.3M | $39.9M | $35.2M | $43.7M | $43.7M | $40.9M | $40.9M | $42.0M | $42.0M |
| Sales, general & admin | — | $26.5M | $32.1M | — | $33.8M | $33.8M | $30.6M | $30.6M | $44.2M | $44.2M |
| Total operating expenses | $111.0M | $34.8M | $38.8M | $34.9M | $45.7M | $44.9M | $44.7M | $45.6M | $61.1M | $61.1M |
| Operating income | $12.1M | $3.5M | $1.1M | $321,000 | −$1.9M | −$1.9M | −$3.8M | −$3.8M | −$19.1M | −$19.1M |
| Interest income | — | — | — | — | $25,000 | — | $141,000 | — | $217,000 | — |
| Interest expense | $99.5M | $6.3M | $7.0M | $7.2M | $3.1M | $3.1M | $2.8M | $2.8M | $2.8M | $2.8M |
| Income before taxes | $1.14B | −$3.6M | −$5.0M | −$10.4M | −$5.4M | −$5.4M | −$9.8M | −$9.8M | −$23.9M | −$23.9M |
| Income taxes | $40.9M | $2.9M | $606,000 | $606,000 | $2.6M | $2.6M | $2.9M | $2.9M | $4.5M | $4.5M |
| Net income | $1.10B | −$12.4M | −$11.0M | −$11.0M | −$7.9M | −$7.9M | −$12.7M | −$12.7M | −$28.4M | −$28.4M |
| EBITDA | $1.29B | $6.4M | $5.9M | $4.2M | $2.1M | $3.3M | −$1.8M | −$644,000 | −$14.7M | −$12.5M |
| EPS (diluted) | −$6.67 | −$28.95 | −$0.37 | −$0.37 | −$0.01 | −$8.13 | −$0.06 | −$4.00 | — | — |
| Gross margin | 15.6% | 26.8% | 25.7% | 21.1% | 24.2% | 24.2% | 19.9% | 19.9% | 19.3% | 19.3% |
| Operating margin | 1.5% | 2.4% | 0.7% | 0.2% | −1.1% | −1.1% | −1.8% | −1.8% | −8.8% | −8.8% |
| Net margin | 139.5% | −8.7% | −7.1% | −6.6% | −4.4% | −4.4% | −6.2% | −6.2% | −13.0% | −13.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $191.3M | $197.1M | $207.0M | $209.1M | $39.6M | $37.7M | $35.8M | $233.4M | $33.6M | $38.1M | $32.5M | $37.5M |
| Cost of revenue | $150.2M | $151.9M | $177.2M | $175.5M | $27.8M | $26.3M | $25.7M | $201.5M | $27.0M | $28.1M | $23.0M | $28.2M |
| Gross profit | $41.2M | $45.2M | $29.8M | $33.6M | $11.8M | $11.4M | $10.1M | $31.9M | $6.6M | $10.0M | $9.5M | $9.3M |
| Sales, general & admin | $27.9M | $42.8M | $21.7M | — | $10.4M | $11.3M | $8.0M | $7.3M | $6.4M | $7.4M | $8.9M | $6.8M |
| Total operating expenses | $44.9M | $60.3M | $31.9M | $31.0M | $13.4M | $13.1M | $9.1M | $29.5M | $8.0M | $8.7M | $9.1M | $8.9M |
| Operating income | −$3.7M | −$15.1M | −$2.1M | $2.6M | −$1.6M | −$1.8M | $988,000 | $2.4M | −$1.4M | $1.3M | $371,000 | $348,000 |
| Interest expense | $13.9M | $14.1M | $95.9M | $14.3M | $2.0M | $1.7M | $1.6M | $1.8M | $1.5M | $1.4M | $3.3M | $1.3M |
| Income before taxes | −$18.5M | −$28.2M | −$43.6M | $1.21B | −$2.9M | −$3.1M | −$651,000 | −$24.0M | −$3.0M | −$398,000 | −$2.2M | −$173,000 |
| Income taxes | −$1.8M | −$1.4M | $1.6M | $36.7M | $514,000 | $762,000 | $245,000 | $4.4M | $542,000 | $460,000 | −$917,000 | $1.0M |
| Net income | −$16.7M | −$26.8M | −$45.3M | $1.17B | −$6.9M | −$4.3M | −$2.7M | −$28.3M | −$4.7M | −$2.2M | −$5.1M | −$2.9M |
| EBITDA | $10.7M | $721,000 | $69.3M | $1.24B | −$267,000 | −$690,000 | $1.8M | −$10.0M | −$604,000 | $2.0M | $2.0M | $2.1M |
| EPS (diluted) | −$1.42 | −$1.08 | −$3.85 | −$2.60 | −$0.10 | −$0.12 | −$0.03 | −$0.92 | −$1.57 | −$0.73 | — | −$23.54 |
| Gross margin | 21.5% | 22.9% | 14.4% | 16.1% | 29.8% | 30.1% | 28.2% | 13.7% | 19.6% | 26.3% | 29.1% | 24.7% |
| Operating margin | −1.9% | −7.7% | −1.0% | 1.3% | −4.1% | −4.7% | 2.8% | 1.0% | −4.0% | 3.5% | 1.1% | 0.9% |
| Net margin | −8.7% | −13.6% | −21.9% | 561.6% | −17.4% | −11.5% | −7.5% | −12.1% | −14.1% | −5.8% | −15.7% | −7.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XBP's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XBP financial results
In fiscal year 2025 (ended December 31, 2025), XBP Europe reported revenue of $791.0 million, up 454.1% from the year before. It had net income of $1.1 billion, a net profit margin of 139.5%. Diluted earnings per share came to −$6.67. Over five years revenue grew at an average rate of 34.4% a year.
See the XBP stock overview for the latest quote and news, or the XBP chart for price history and technical indicators.
XBP income statement FAQ
What is XBP Europe's annual revenue?
XBP Europe reported total revenue of $791.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 454.1% from $142.8 million the previous year.
Is XBP Europe profitable?
Yes. XBP Europe reported net income of $1.1 billion in fiscal 2025, a net profit margin of 139.5%; its operating margin was 1.5%.
What is XBP Europe's gross margin?
XBP Europe's gross margin was 15.6% in fiscal 2025: for every $100 of revenue, XBP Europe kept $16 after the direct cost of its products and services.
How fast is XBP Europe growing?
Revenue grew 34.4% a year on average over the last five fiscal years, from $180.5 million to $791.0 million.
What are XBP Europe's earnings per share?
XBP Europe earned $-6.67 per diluted share in fiscal 2025, compared with $-28.95 a year earlier.
When will XBP Europe report its next earnings?
XBP Europe is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does XBP Europe's fiscal year end?
XBP Europe's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.