COMP <GO>

XBP vs SJ // OPTIONS IMPLIED MOVE & PUT/CALL SKEW

XBP Global Holdings Inc. (NASDAQ) VS. Scienjoy Holding Corporation (Class A) (NASDAQ) • 15-METRIC TALLY: XBP 1 — SJ 1

■ METRIC PARITY

LAST: $2.72 (+3.03%) • MKT CAP: $37.4M

options-implied-move

—

LAST: $0.84 (0.00%) • MKT CAP: $35.7M

options-implied-move

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (XBP VS. SJ) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	XBP	SJ	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	18.30%	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	—	-20.20%	—	TIE	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	-6.40%	—	TIE	/operating-margins <GO>
Net Profit Margin	—	-47.30%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	—	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	3.32	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	—	4/9	—	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew ACTIVE	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	40.0	48.4	-8.40	SJ	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$37.4M	$35.7M	$1.7M	XBP	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	XBP REV	SJ REV	XBP GROSS %	SJ GROSS %	XBP FCF	SJ FCF
FY 2025	$378.9M	$177.5M	—	18.3%	—	$10.0M
FY 2024	$872.7M	$186.8M	21.6%	18.0%	$17.0M	$9.3M
FY 2023	$3.1M	$206.3M	—	—	-$1.5M	$14.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

XBP // BETA —

SJ // BETA —