XPEL, Inc.

Listed Company

XPELCIK 0001767258NasdaqLarge AcceleratedCoating, Engraving & Allied ServicesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$476.20M

Net Income

$51.23M

Total Assets

$382.53M

Equity

$280.28M

Shares Out

27.56M

Op. Cash Flow

$66.94M

XPEL$43.26+23.81% · past yearDBEQ Basic

Daily closing prices

Business

XPEL, Inc. supplies protective films, coatings and installation services to the automotive aftermarket, dealerships and OEMs, with secondary revenue from architectural window films and marine protection products. Core offerings include paint protection film, window tint, ceramic coatings, installation labor, proprietary Design Access Platform software for cut-to-fit patterns, and training services. The company distributes through independent installers, third-party distributors, company-owned installation centers across fourteen countries, direct OEM relationships, and online sales.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	476	420	396	324	259
Total cost of sales	275	243	234	196	167
Gross Margin	201	177	162	128	93
Sales and marketing	51	43	32	25	18
General and administrative	87	75	64	48	34
Total operating expenses	138	118	95	74	53
Operating Income	63	59	67	54	40
Interest expense	83,000	996,000	1	1	—
Foreign currency exchange (gain)/loss	−1	1	−307,000	562,000	373,000
Income before income taxes	64	57	66	52	39
Income tax expense	12	11	13	11	8
Net Income	52	45	53	—	32
Net income attributed to non-controlling interest	363,000	0	0	—	0
Net income attributable to stockholders of the Company	51	45	53	41	32
Basic (in dollars per share)	1.85	1.65	1.91	1.5	1.14
Diluted (in dollars per share)	1.85	1.65	1.91	1.5	1.14
Basic (in shares)	28	28	28	28	28
Diluted (in shares)	28	28	28	28	28

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	51	22	12	8	10
Accounts receivable, net	50	29	24	15	13
Inventory, net	123	111	107	81	52
Prepaid expenses and other current assets	7	5	4	3	4
Income tax receivable	581,000	893,000	696,000	0	617,000
Total current assets	231	168	146	107	79
Property and equipment, net	16	18	17	14	10
Right-of-use lease assets	22	19	15	15	13
Intangible assets, net	50	35	35	29	33
Other non-current assets	6	1	782,000	972,000	791,000
Goodwill	59	44	37	27	26
Total assets	383	286	252	193	161
Current portion of notes payable	59,000	63,000	62,000	77,000	375,000
Current portion of lease liabilities	6	5	4	4	3
Accounts payable and accrued liabilities	54	36	32	23	33
Other short-term liabilities	11	651,000	—	—	—
Total current liabilities	71	42	36	27	36
Deferred tax liability, net	120,000	469,000	3	2	3
Other long-term liabilities	10	2	890,000	1	3
Non-current portion of lease liabilities	17	16	13	12	10
Non-current portion of notes payable	0	229,000	317,000	0	76,000
Total liabilities	97	60	72	69	77
Commitments and Contingencies (Note 16)	—	—	—	—	—
Preferred stock, $0.001 par value; authorized 10,000,000; none issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 100,000,000 shares authorized; 27,682,807 and 27,651,773 issued, respectively	28,000	28,000	28,000	28,000	28,000
Additional paid-in-capital	18	16	13	11	11
Accumulated other comprehensive loss	−135,000	−4	−1	−2	−590,000
Retained earnings	265	214	169	116	74
Treasury stock, 78,624 shares at cost	−3	0	—	—	—
Stockholders equity	280	225	180	125	84
Non-controlling interest	5	0	—	—	—
Total stockholders equity	285	225	180	125	84
Total liabilities and stockholders equity	383	286	252	193	161

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation of property, plant and equipment	6	6	5	3	2
Amortization of intangible assets	7	6	5	4	3
Gain on sale of property and equipment	−13,000	−49,000	−13,000	−8,000	−36,000
Stock compensation	3	3	2	522,000	169,000
Provision for credit losses	922,000	390,000	243,000	467,000	302,000
Deferred income tax	−299,000	−3	−921,000	−471,000	1
Accounts receivable, net	−20	−6	−7	−3	−432,000
Inventory, net	11	−5	−25	−29	−27
Prepaid expenses and other current assets	−4	−2	604,000	259,000	−3
Income taxes receivable and payable	249,000	−267,000	−1	1	−766,000
Accounts payable and accrued liabilities	11	3	6	−8	12
Net cash provided by operating activities	67	48	37	12	18
Purchases of property, plant and equipment	−4	−7	−6	−8	−7
Proceeds from sale of property and equipment	48,000	40,000	29,000	73,000	66,000
Acquisition of businesses, net of cash acquired	−26	−10	−19	−5	−49
Purchases of long term investments	−2	0	0	—	—
Development of intangible assets	−2	−2	−1	−2	−964,000
Net cash used in investing activities	−34	−18	−26	−14	−57
Net payments on revolving line of credit	0	−19	−7	1	—
Restricted stock withholding taxes paid in lieu of issued shares	−254,000	−193,000	−167,000	−30,000	0
Repayments of notes payable	−243,000	−60,000	−92,000	−368,000	−695,000
Payments of deferred acquisition consideration	−161,000	0	0	—	—
Purchases of treasury shares	−3	0	0	—	—
Net cash used in financing activities	−4	−19	−7	602,000	19
Net change in cash and cash equivalents	30	10	4	−1	−19
Foreign exchange impact on cash and cash equivalents	−726,000	311,000	−219,000	−91,000	−84,000
Increase in cash and cash equivalents during the period	29	10	4	−2	−19
Non-cash acquisition consideration	24	2	0	—	—
Non-cash lease financing	7	9	4	6	9
Issuance of Common Stock for vested restricted stock units	1	1	1	222,000	0
Non-cash minority interest contribution	5	0	0	—	—
Cash paid for income taxes	13	14	15	—	—
Cash paid for interest	89,000	1	1	1	210,000

Filings

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Frequently asked questions

What is XPEL, Inc.'s CIK number?

XPEL, Inc.'s SEC CIK number is 0001767258 (1767258). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find XPEL, Inc.'s SEC filings?

All of XPEL, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did XPEL, Inc. last report earnings?

XPEL, Inc. (XPEL) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001767258-26-000032). This is XPEL, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is XPEL, Inc.'s most recent earnings 8-K?

XPEL, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001767258-26-000032. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View XPEL, Inc.'s latest earnings 8-K →
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