XPEL, Inc. Earnings Per Share Disclosure
| Fiscal Year Ended December 31, | |||||||||||||||||
| Numerator | 2025 | 2024 | 2023 | ||||||||||||||
| Net income attributable to stockholders of the Company | $ | 51,226 | $ | 45,489 | $ | 52,800 | |||||||||||
| Denominator | |||||||||||||||||
Weighted average basic shares outstanding | 27,657 | 27,639 | 27,622 | ||||||||||||||
Dilutive effect of stock units | 26 | 4 | 12 | ||||||||||||||
Weighted average diluted shares outstanding | 27,683 | 27,643 | 27,634 | ||||||||||||||
| Earnings per share | |||||||||||||||||
| Basic | $ | 1.85 | $ | 1.65 | $ | 1.91 | |||||||||||
| Diluted | $ | 1.85 | $ | 1.65 | $ | 1.91 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.