XBP Global Holdings (XBP) Cost of Revenue (2023 - 2025)

XBP Global Holdings (XBP) posted Cost of Revenue of -$27.4 million for Q4 2025, down 124.15% sequentially from $113.4 million in Q3 2025, and down 104.2% YoY from $651.8 million in Q4 2024.

XBP Global Holdings (XBP) Cost of Revenue (2023 - 2025) Analysis & Trends

XBP Global Holdings (XBP) has 3 years of Cost of Revenue data on file, last reported at -$27.4 million in Q4 2025.

  • Quarterly Cost of Revenue fell 104.2% year-over-year to -$27.4 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $264.5 million (down 69.25% YoY) and the FY2025 annual result came in at $264.5 million, down 60.25% from the prior year.
  • Cost of Revenue retreated to -$27.4 million in Q4 2025 per XBP's latest filing, from $113.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $651.8 million in Q4 2024, with the low at -$51.4 million in Q4 2023.
  • Average Cost of Revenue over 3 years is $94.8 million, with a median of $28.3 million recorded in 2023.
  • The widest YoY moves for Cost of Revenue: up 277850.0% in 2025, down 104.2% in 2025.
  • XBP Global Holdings' Cost of Revenue stood at -$51.4 million in 2023, then surged by 1368.06% to $651.8 million in 2024, then plunged by 104.2% to -$27.4 million in 2025.
  • Business Quant data shows XBP's Cost of Revenue at -$27.4 million in Q4 2025, $113.4 million in Q3 2025, and $27.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 6.81 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.07 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 215.80 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 823.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 463.58 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 636.30 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 184.16 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 396.38 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.15 Bn
10 XBP Global Holdings 28,200.00 -68.64 Mn 39.92 Mn -27.39 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -27.39 Mn
Dec 31, 2025 -27.39 Mn
Sep 30, 2025 113.42 Mn
Sep 30, 2025 113.42 Mn
Jun 30, 2025 27.80 Mn
Jun 30, 2025 27.80 Mn
Mar 31, 2025 150.65 Mn
Mar 31, 2025 150.65 Mn
Dec 31, 2024 651.78 Mn
Dec 31, 2024 651.78 Mn
Sep 30, 2024 185.19 Mn
Sep 30, 2024 185.19 Mn
Jun 30, 2024 10,000.00
Jun 30, 2024 10,000.00
Mar 31, 2024 22.98 Mn
Mar 31, 2024 22.98 Mn
Dec 31, 2023 -51.40 Mn
Dec 31, 2023 -51.40 Mn
Sep 30, 2023 5.64 Mn
Sep 30, 2023 5.64 Mn