Tearsheet

XBP Global (XBP)


Market Price (12/4/2025): $0.6568 | Market Cap: $23.6 Mil
Sector: Information Technology | Industry: Systems Software

XBP Global (XBP)


Market Price (12/4/2025): $0.6568
Market Cap: $23.6 Mil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Penny stock
Mkt Price is 0.7
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -54%
5 High stock price volatility
Vol 12M is 130%
0 Penny stock
Mkt Price is 0.7
1 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.3%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%
3 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -54%
5 High stock price volatility
Vol 12M is 130%

Valuation, Metrics & Events

XBP Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

I am unable to provide the requested information as the specified time period (August 31, 2025, to December 4, 2025) is in the future.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
XBP Return-----79%-38%-87%
Peers Return9%6%-31%39%-9%-3%-4%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
XBP Win Rate---0%33%40% 
Peers Win Rate12%27%20%38%33%72% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
XBP Max Drawdown-----83%-59% 
Peers Max Drawdown0%-1%-34%-10%-22%-13% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, CHOW, NTSK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

XBP has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique KeyEventXLKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven278 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-31.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven46.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven79 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven31.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven105 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-53.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven115.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1183 days1480 days

Compare to


In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About XBP Global (XBP)

Better Bets than XBP Global (XBP)

Trade Ideas

Select past ideas related to XBP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.9%1.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.7%3.7%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.1%5.1%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.5%5.5%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
8.0%8.0%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
1.9%1.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.7%3.7%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.1%5.1%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
5.5%5.5%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
8.0%8.0%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for XBP Global

Peers to compare with:

Financials

XBPGENPATHSCHOWNTSKMedian
NameXBP Glob.Gen Digi.UiPath Sentinel.ChowChow.Netskope  
Mkt Price0.6827.1914.8616.969.8018.3315.91
Mkt Cap0.016.78.05.6--6.8
Rev LTM1484,4731,497907--1,202
Op Inc LTM-01,697-46-328---23
FCF LTM-71,30031017--163
FCF 3Y Avg-51,463268-44--131
CFO LTM-41,32433541--188
CFO 3Y Avg-21,480282-22--140

Growth & Margins

XBPGENPATHSCHOWNTSKMedian
NameXBP Glob.Gen Digi.UiPath Sentinel.ChowChow.Netskope  
Rev Chg LTM0.3%16.2%8.3%25.4%--12.2%
Rev Chg 3Y Avg-16.5%14.6%45.6%--16.5%
Rev Chg Q17.8%25.3%14.4%21.7%--19.8%
QoQ Delta Rev Chg LTM4.2%5.8%3.1%5.0%--4.6%
Op Mgn LTM-0.3%37.9%-3.1%-36.2%---1.7%
Op Mgn 3Y Avg-1.4%36.7%-12.6%-53.2%---7.0%
QoQ Delta Op Mgn LTM-0.2%-1.3%5.8%2.1%--1.0%
CFO/Rev LTM-2.5%29.6%22.4%4.5%--13.4%
CFO/Rev 3Y Avg-1.6%37.1%20.7%-5.5%--9.5%
FCF/Rev LTM-4.6%29.1%20.7%1.8%--11.3%
FCF/Rev 3Y Avg-3.4%36.7%19.6%-8.7%--8.1%

Valuation

XBPGENPATHSCHOWNTSKMedian
NameXBP Glob.Gen Digi.UiPath Sentinel.ChowChow.Netskope  
Mkt Cap0.016.78.05.6--6.8
P/S0.23.94.66.7--4.2
P/EBIT35.810.9-148.1-19.8---4.5
P/E-2.030.7340.3-14.1--14.3
P/CFO-9.013.220.5148.8--16.9
Total Yield-49.9%5.0%0.3%-7.1%---3.4%
Dividend Yield0.0%1.8%0.0%0.0%--0.0%
FCF Yield 3Y Avg-9.5%3.6%-1.0%--3.6%
D/E1.20.50.00.0--0.3
Net D/E1.00.5-0.2-0.1--0.2

Returns

XBPGENPATHSCHOWNTSKMedian
NameXBP Glob.Gen Digi.UiPath Sentinel.ChowChow.Netskope  
1M Rtn4.0%3.9%-6.4%-4.1%11.4%-24.4%-0.1%
3M Rtn2.4%-7.9%36.6%-5.9%---1.8%
6M Rtn-33.1%-5.7%13.9%-5.6%---5.7%
12M Rtn-41.3%-10.3%3.3%-38.4%---24.4%
3Y Rtn-21.7%2.3%14.7%--14.7%
1M Excs Rtn4.0%4.0%-6.3%-4.0%11.4%-24.4%-0.0%
3M Excs Rtn2.5%-12.8%31.6%-11.9%---4.7%
6M Excs Rtn-47.8%-20.4%-0.9%-20.3%---20.4%
12M Excs Rtn-54.3%-23.9%-9.0%-52.9%---38.4%
3Y Excs Rtn--47.0%-49.8%-67.2%---49.8%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Bills & Payments110137166178209
Technology4544404043
Total155180206218252


Operating Income by Segment
$ Mil20242023202220212020
Technology2521191817
Bills & Payments1523222534
Depreciation and amortization-3-4-5-6-9
Related party expense-5-8-10-11-11
Selling, general and administrative expenses (exclusive of depreciation and amortization)-31-33-30-36-32
Total1-2-4-10-2


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity870,075
Short Interest: % Change Since 10312025-13.3%
Average Daily Volume376,325
Days-to-Cover Short Interest2.31
Basic Shares Quantity35,906,579
Short % of Basic Shares2.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025814202510-Q 6/30/2025
3312025515202510-Q 3/31/2025
12312024319202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024812202410-Q 6/30/2024
3312024513202410-Q 3/31/2024
12312023401202410-K 12/31/2023
630202310102023S-1/A 6/30/2023
33120238042023DEFM14A 3/31/2023
1231202211292023424B5 12/31/2022
123120212132023PREM14A 12/31/2021