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Why XBP Global (XBP) Shares Have Slumped as Revenue and EBITDA Came Under Pressure

XBP Global Holdings, Inc. (NASDAQ:XBP) is one of the worst-performing agentic AI stocks so far in 2026.

As of April 2, 2026, XBP shares closed at $3.63, down 50.0% from their January 2, 2026 close of $7.26.

XBP Global’s March 30 results did little to hide the strain underneath the “transition year” framing. For full-year 2025, reported revenue fell 9.4% year over year to $791.0 million, while combined pro forma revenue declined 13.6% to $879.6 million.

Pro forma adjusted EBITDA also dropped 13.1% to $90.7 million. In the fourth quarter, revenue came in at $207.0 million, down 15.1% year over year on a pro forma basis, while pro forma adjusted EBITDA fell 33.0% to $19.8 million. Segment data showed further pressure in the core Applied Workflow Automation business, where full-year revenue declined 11.4% and gross margin slipped 60 basis points to 17.9%.

There were some offsets. Gross margin improved modestly at the consolidated level, new contract value rose, and year-end cash and cash equivalents stood at $37.1 million, with cash, restricted cash, and cash equivalents totaling $68.7 million. Still, the revenue declines and weaker EBITDA help explain why the stock has been crushed this year.

XBP Global Holdings, Inc. (NASDAQ:XBP) provides workflow automation, document processing, payment, and digital transformation services for enterprises and public-sector clients across 20 countries.

While we acknowledge the risk and potential of XBP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than XBP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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