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Xerox: the print cash-flow story is now a balance-sheet test

XRXResearch reportPosted by Goglides ResearchMay 20, 2026
NASDAQXRXCoverage BootstrapXerox Holdings Corporation

Thesis summary

Xerox reported 2025 revenue of $6.89 billion and Q1 2026 revenue of $1.46 billion. The thesis depends on print-market decline management, services mix, cost reduction, acquisition integration and balance-sheet resilience.

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Xerox reported 2025 revenue of $6.89 billion and Q1 2026 revenue of $1.46 billion. The thesis depends on print-market decline management, services mix, cost reduction, acquisition integration and balance-sheet resilience.

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