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| Date | Value |
|---|---|
| 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 |