XPEL · Xpel, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.35M | - | $125.42M | $124.71M | $103.81M | - | $112.85M | $109.92M | $90.10M | - |
| Cost of Revenue | $66.12M | - | $72.99M | $71.20M | $59.91M | - | $64.94M | $62.05M | $52.23M | - |
| Gross Profit | $51.23M | - | $52.42M | $53.52M | $43.90M | - | $47.92M | $47.87M | $37.88M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $23.06M | - | $21.88M | $22.36M | $20.90M | - | $18.89M | $18.40M | $18.26M | - |
| Total Operating Expenses | $38.22M | - | $35.67M | $34.22M | $32.78M | - | $29.53M | $28.68M | $28.65M | - |
| D&A | $1.62M | - | $1.60M | $1.60M | $1.53M | - | $1.50M | $1.50M | $1.33M | - |
| Operating Income | $13.01M | - | $16.75M | $19.30M | $11.12M | - | $18.39M | $19.19M | $9.23M | - |
| Interest Expense | $4.0K | - | $1.0K | $7.0K | $473.0K | - | $97.0K | $392.0K | $473.0K | - |
| Income Tax | $2.78M | - | $3.50M | $4.12M | $2.69M | - | $3.73M | $3.49M | $1.82M | - |
| Net Income | $10.35M | - | $12.94M | $16.29M | $8.59M | - | $14.89M | $15.03M | $6.67M | - |
| EPS - Basic | $0.37 | - | $0.47 | $0.59 | $0.31 | - | $0.54 | $0.54 | $0.24 | - |
| EPS - Diluted | $0.37 | - | $0.47 | $0.59 | $0.31 | - | $0.54 | $0.54 | $0.24 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $45.11M | $50.86M | $64.50M | $49.59M | $23.54M | $22.09M | $20.99M | $14.98M | $8.61M | $11.61M |
| Accounts Receivable | $53.52M | $49.85M | $36.88M | $38.12M | $33.36M | $29.15M | $29.58M | $29.47M | $28.57M | $24.11M |
| Inventory | $131.57M | $122.75M | $128.72M | $104.13M | $115.31M | $110.90M | $101.59M | $97.59M | $110.17M | $106.51M |
| Accounts Payable | $43.17M | $37.77M | $35.94M | $26.36M | $24.64M | $26.32M | $21.88M | $17.64M | $20.34M | $24.23M |
| Current Assets | $237.20M | $230.70M | $234.53M | $197.32M | $178.30M | $168.34M | $158.72M | $147.91M | $152.93M | $146.45M |
| Total Assets | $394.45M | $382.53M | $387.69M | $318.07M | $294.82M | $285.61M | $273.04M | $261.83M | $258.49M | $252.04M |
| Current Liabilities | $77.22M | $71.00M | $84.34M | $44.63M | $41.58M | $41.52M | $36.52M | $31.03M | $31.82M | $36.47M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $101.86M | $97.34M | $113.84M | $62.41M | $59.37M | $60.15M | $54.31M | $59.92M | $72.07M | $72.05M |
| Stockholders' Equity | $287.51M | $280.28M | $269.28M | $255.74M | $235.45M | $225.46M | $218.73M | $201.91M | $186.42M | $179.99M |
| Retained Earnings | $275.68M | $265.34M | $251.93M | $238.99M | $222.70M | $214.11M | $205.22M | $190.32M | $175.29M | $168.62M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.38M | - | - | - | $3.23M | - | - | - | ($4.96M) | - |
| Investing Cash Flow | ($9.89M) | - | - | - | ($1.56M) | - | - | - | ($3.11M) | - |
| Financing Cash Flow | ($3.57M) | - | - | - | ($170.0K) | - | - | - | $4.99M | - |
| CapEx | $9.71M | - | - | - | $1.00M | - | - | - | $2.02M | - |
| Free Cash Flow | ($2.34M) | - | - | - | $2.23M | - | - | - | ($6.98M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 43.7% | - | 41.8% | 42.9% | 42.3% | - | 42.5% | 43.5% | 42.0% | - |
| Operating margin | 11.1% | - | 13.4% | 15.5% | 10.7% | - | 16.3% | 17.5% | 10.2% | - |
| EBITDA margin | 12.5% | - | 14.6% | 16.8% | 12.2% | - | 17.6% | 18.8% | 11.7% | - |
| Net margin | 8.8% | - | 10.3% | 13.1% | 8.3% | - | 13.2% | 13.7% | 7.4% | - |
| Free cash flow margin | -2.0% | - | - | - | 2.1% | - | - | - | -7.7% | - |
| FCF / Net income | -0.23 | - | - | - | 0.26 | - | - | - | -1.05 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.6% | - | 17.4% | 17.9% | 20.1% | - | 16.7% | 16.7% | 20.3% | - |
| Effective tax rate | 21.2% | - | 21.3% | 20.2% | 23.9% | - | 20.0% | 18.8% | 21.4% | - |
| Return on assets | 2.6% | - | 3.3% | 5.1% | 2.9% | - | 5.5% | 5.7% | 2.6% | - |
| Return on equity | 3.6% | - | 4.8% | 6.4% | 3.6% | - | 6.8% | 7.4% | 3.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.07 | 3.25 | 2.78 | 4.42 | 4.29 | 4.05 | 4.35 | 4.77 | 4.81 | 4.02 |
| Quick ratio | 1.37 | 1.52 | 1.25 | 2.09 | 1.51 | 1.38 | 1.56 | 1.62 | 1.34 | 1.10 |
| Cash ratio | 0.58 | 0.72 | 0.76 | 1.11 | 0.57 | 0.53 | 0.57 | 0.48 | 0.27 | 0.32 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3252.8x | - | 16751.0x | 2756.9x | 23.5x | - | 189.6x | 48.9x | 19.5x | - |
| Equity multiplier | 1.37 | 1.36 | 1.44 | 1.24 | 1.25 | 1.27 | 1.25 | 1.30 | 1.39 | 1.40 |
| Liabilities / Assets | 0.26 | 0.25 | 0.29 | 0.20 | 0.20 | 0.21 | 0.20 | 0.23 | 0.28 | 0.29 |
| Efficiency | ||||||||||
| Asset turnover | 0.30 | - | 0.32 | 0.39 | 0.35 | - | 0.41 | 0.42 | 0.35 | - |
| Inventory turnover | 0.50 | - | 0.57 | 0.68 | 0.52 | - | 0.64 | 0.64 | 0.47 | - |
| Days sales outstanding | 166d | - | 107d | 112d | 117d | - | 96d | 98d | 116d | - |
| Days inventory outstanding | 726d | - | 644d | 534d | 703d | - | 571d | 574d | 770d | - |
| Days payable outstanding | 238d | - | 180d | 135d | 150d | - | 123d | 104d | 142d | - |
| Cash conversion cycle | 654d | - | 571d | 510d | 670d | - | 544d | 568d | 744d | - |
| Valuation | ||||||||||
| P / E | 119.6x | - | 70.4x | 60.8x | 94.8x | - | 80.3x | 65.9x | 225.1x | - |
| P / B | 4.3x | - | 3.4x | 3.9x | 3.5x | - | 5.5x | 4.9x | 8.0x | - |
| P / S | 10.4x | - | 7.3x | 8.0x | 7.8x | - | 10.6x | 8.9x | 16.6x | - |
| EV / EBITDA | 80.6x | - | 46.4x | 45.2x | 62.4x | - | 59.2x | 46.8x | 140.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.1% | - | 11.1% | 13.5% | 15.2% | - | 9.9% | 7.5% | 5.0% | - |
| Revenue CAGR (3y) | 11.0% | - | 11.8% | 14.1% | 13.0% | - | 18.1% | 16.9% | 20.2% | - |
| Revenue CAGR (5y) | 17.7% | - | 22.1% | 28.3% | 29.6% | - | 25.9% | 29.6% | - | - |
| Gross profit growth (YoY) | 16.7% | - | 9.4% | 11.8% | 15.9% | - | 15.4% | 8.8% | 5.3% | - |
| Operating income growth (YoY) | 17.0% | - | -8.9% | 0.6% | 20.5% | - | 4.3% | -5.0% | -38.2% | - |
| Net income growth (YoY) | 20.5% | - | -13.1% | 8.4% | 28.8% | - | 9.1% | -4.5% | -41.7% | - |
| EPS growth (YoY) | 19.4% | - | -13.0% | 9.3% | 29.2% | - | 10.2% | -5.3% | -41.5% | - |
| EPS CAGR (3y) | -3.4% | - | -0.7% | 11.1% | 7.4% | - | 21.6% | 56.8% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -412.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 22.1% | 24.3% | 23.1% | 26.7% | 26.3% | 25.3% | 31.3% | 31.7% | 36.3% | 44.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$476.20M totalReportable Segment$476.20M · 100.0%
Product / service
$952.40M totalProduct$359.86M · 37.8%
Product Revenue Paint Protection Film$249.40M · 26.2%
Service$116.34M · 12.2%
Product Revenue Window Film$94.54M · 9.9%
Service Revenue Installation Labor$87.05M · 9.1%
Service Revenue Cutbank Credits$16.53M · 1.7%
Product Revenue Other$15.91M · 1.7%
Service Revenue Software$8.73M · 0.9%
Service Revenue Other$4.04M · 0.4%
Geographic
$852.32M totalNorth America$315.30M · 37.0%
US$265.76M · 31.2%
EUUKAnd Africa$64.09M · 7.5%
Asia Pacific$60.82M · 7.1%
CA$49.55M · 5.8%
CN$39.92M · 4.7%
India And Middle East$24.98M · 2.9%
Asia Other$20.89M · 2.5%
Latin America$11.00M · 1.3%
Peer comparison
Same SIC group: Coating, Engraving & Allied Services
Comparing XPEL against the 3 most active filers in the same SIC group.