Company research
XPEL, Inc.
CIK 1767258Updated Sep 25, 2026
SecurityXPEL · NASDAQ · equity
XPEL price & chart
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Recent filings
4 filing
4 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 382,526,000Source | 285,607,000Source | 252,041,000Source | 193,362,000Source |
| Property, Plant and Equipment, NetUSD | 15,797,000Source | 17,735,000Source | 16,980,000Source | 14,203,000Source |
| GoodwillUSD | 59,277,000Source | 44,126,000Source | 37,461,000Source | 26,763,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 50,864,000Source | 22,087,000Source | 11,609,000Source | 8,056,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 49,846,000Source | 29,146,000Source | 24,111,000Source | 14,726,000Source |
| Inventory, NetUSD | 122,755,000Source | 110,904,000Source | 106,509,000Source | 80,575,000Source |
| Assets, CurrentUSD | 230,697,000Source | 168,344,000Source | 146,454,000Source | 106,821,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 6,651,000Source | 5,314,000Source | 3,529,000Source | 3,464,000Source |
| Operating Lease, Right-of-Use AssetUSD | 21,561,000Source | 19,490,000Source | 15,459,000Source | 15,309,000Source |
| Other Assets, NoncurrentUSD | 5,574,000Source | 1,350,000Source | 782,000Source | 972,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 97,341,000Source | 60,152,000Source | 72,052,000Source | 68,640,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 28,000Source | 28,000Source | 28,000Source | 28,000Source |
| Additional Paid in CapitalUSD | 18,049,000Source | 15,550,000Source | 12,546,000Source | 11,073,000Source |
| Retained Earnings (Accumulated Deficit)USD | 265,339,000Source | 214,113,000Source | 168,624,000Source | 115,824,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -135,000Source | -4,236,000Source | -1,209,000Source | -2,203,000Source |
| Stockholders' Equity Attributable to ParentUSD | 280,282,000Source | 225,455,000Source | 179,989,000Source | — |
| Liabilities and EquityUSD | 382,526,000Source | 285,607,000Source | 252,041,000Source | 193,362,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 71,000,000Source | 41,518,000Source | 36,472,000Source | 27,402,000Source |
| Operating Lease, Liability, CurrentUSD | 6,094,000Source | 4,666,000Source | 3,966,000Source | 3,885,000Source |
| Operating Lease, Liability, NoncurrentUSD | 16,710,000Source | 16,126,000Source | 12,715,000Source | 12,119,000Source |
| Deferred Income Tax Liabilities, NetUSD | 120,000Source | 469,000Source | 2,658,000Source | 2,049,000Source |
| Other Liabilities, NoncurrentUSD | 9,511,000Source | 1,810,000Source | 890,000Source | 1,070,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,903,000Source | — | — | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 120,000Source | 469,000Source | 2,658,000Source | 2,049,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 51,589,000Source | — | 52,800,000Source | 41,381,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,753,000Source | 3,197,000Source | 1,640,000Source | 522,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 20,444,000Source | 5,604,000Source | 7,000,000Source | 2,631,000Source |
| Increase (Decrease) in InventoriesUSD | -11,476,000Source | 4,785,000Source | 24,843,000Source | 28,565,000Source |
| Deferred Income Tax Expense (Benefit)USD | -305,000Source | -2,745,000Source | -916,000Source | -483,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 66,938,000Source | 47,824,000Source | 37,384,000Source | 12,057,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 26,168,000Source | 9,855,000Source | 18,735,000Source | 4,673,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -33,778,000Source | -18,404,000Source | -26,353,000Source | -14,156,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 4,008,000Source | 6,713,000Source | 6,356,000Source | 7,936,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 254,000Source | 193,000Source | 167,000Source | 30,000Source |
| Payments for Repurchase of Common StockUSD | 2,999,000Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,657,000Source | -19,253,000Source | -7,259,000Source | 602,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 28,777,000Source | 10,478,000Source | 3,553,000Source | -1,588,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 50,864,000Source | 22,087,000Source | 11,609,000Source | 8,056,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 89,000Source | 1,026,000Source | 1,240,000Source | 1,306,000Source |
| Income Taxes Paid, NetUSD | 12,536,000Source | 13,617,000Source | 15,293,000Source | 9,897,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -726,000Source | 311,000Source | -219,000Source | -91,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 2,800,000Source | 3,200,000Source | 1,600,000Source | — |
| Amortization of Intangible AssetsUSD | 6,990,000Source | 5,877,000Source | 5,059,000Source | 4,401,000Source |
| DepreciationUSD | 6,264,000Source | 5,820,000Source | 4,534,000Source | 3,433,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,495,000Source | -1,373,000Source | 307,000Source | -562,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 13,000Source | 49,000Source | 13,000Source | 8,000Source |
| General and Administrative ExpenseUSD | 87,232,000Source | 75,396,000Source | 63,654,000Source | 48,208,000Source |
| GoodwillUSD | 59,277,000Source | 44,126,000Source | 37,461,000Source | 26,763,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 12,472,000Source | 11,289,000Source | 13,231,000Source | 10,584,000Source |
| InterestExpenseNonoperatingUSD | 83,000Source | 996,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 51,226,000Source | 45,489,000Source | 52,800,000Source | 41,381,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 363,000Source | — | — | — |
| Operating ExpensesUSD | 138,370,000Source | 118,213,000Source | 95,442,000Source | 73,575,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 4,200,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 476,200,000Source | 420,400,000Source | 396,293,000Source | 323,993,000Source |
| Cost of RevenueUSD | 275,181,000Source | 243,040,000Source | 233,879,000Source | 196,481,000Source |
| Operating Income (Loss)USD | 62,649,000Source | 59,147,000Source | 66,972,000Source | 53,937,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 64,061,000Source | 56,778,000Source | 66,031,000Source | 51,965,000Source |
| Income Tax Expense (Benefit)USD | 12,472,000Source | 11,289,000Source | 13,231,000Source | 10,584,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 363,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 51,226,000Source | 45,489,000Source | 52,800,000Source | 41,381,000Source |
| Earnings Per Share, BasicUSD per share | 1.85Source | 1.65Source | 1.91Source | 1.5Source |
| Earnings Per Share, DilutedUSD per share | 1.85Source | 1.65Source | 1.91Source | 1.5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 27,657,000Source | 27,639,000Source | 27,622,000Source | 27,614,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 27,683,000Source | 27,643,000Source | 27,634,000Source | 27,616,000Source |
| Interest Expense (non-operating)USD | 83,000Source | 996,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 6,990,000Source | 5,877,000Source | 5,059,000Source | 4,401,000Source |
| Current Income Tax Expense (Benefit)USD | 12,777,000Source | 14,034,000Source | 14,147,000Source | 11,067,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 1,495,000Source | -1,373,000Source | 307,000Source | -562,000Source |
| General and Administrative ExpenseUSD | 87,232,000Source | 75,396,000Source | 63,654,000Source | 48,208,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | — | — |
| Gross ProfitUSD | 201,019,000Source | 177,360,000Source | 162,414,000Source | 127,512,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 51,900,000Source | 47,019,000Source | 61,974,000Source | 48,574,000Source |
| Interest ExpenseUSD | — | — | 1,248,000Source | 1,410,000Source |
| Operating ExpensesUSD | 138,370,000Source | 118,213,000Source | 95,442,000Source | 73,575,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 4,200,000Source |
| Research and Development ExpenseUSD | 2,900,000Source | 2,900,000Source | 2,900,000Source | 400,000Source |
| Selling and Marketing ExpenseUSD | 51,138,000Source | 42,817,000Source | 31,788,000Source | 25,367,000Source |