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Get filing alertsRed Flags Detected
- Material Weakness (new) — Material weaknesses in internal control over financial reporting remain unremediated as of June 30, 2026, rendering disclosure controls and ICFR ineffective.
- Debt Covenant Breach (new) — Company breached consolidated total leverage ratio and interest coverage ratio covenants under European Senior Credit Facilities; lender acknowledged but no remedies exercised.
XBP swings to -$3.7M operating loss as restructuring, claims adjustment drive SG&A up 65%
Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read
Key Changes
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high
Operating income swung from $5.6M profit to -$3.7M loss (Q2 YoY).
MD&A: Operating Results verify on EDGAR → -
high
Net loss of -$16.7M (diluted EPS -$1.42) despite revenue rising 4.7% to $191.3M, as SG&A jumped $27.8M (64.6%) to $70.8M for the six months ended June 30, 2026.
MD&A: Financial Performance verify on EDGAR → -
high
Material weaknesses in internal control over financial reporting remain unremediated as of June 30, 2026; management concluded disclosure controls and ICFR were not effective, though financial statements are fairly presented.
Controls and Procedures verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 17, 2026 · How we verify