XPEL, Inc. (XPEL) Financial Statements
Industry: Coating, Engraving & Allied Services
In fiscal 2025, XPEL reported revenue of $476.2M, up 13.3% from $420.4M the year before. Net income was $51.2M (a 10.8% net margin), or $1.85 per diluted share. Gross margin was 42.2% and operating margin was 13.2%. Operating activities generated $66.9M of cash, leaving $62.9M of free cash flow. At fiscal year end, XPEL held $382.5M in total assets against $97.3M in total liabilities, including $50.9M of cash and equivalents.
Open the full interactive XPEL financials → Quarterly statements, key ratios, valuation history and price charts.
XPEL Key Stats
| Share Price | $45.44 |
|---|---|
| Market Cap | $1.26B |
| P/E Ratio | 24.6 |
| Revenue YoY Growth | +13.3% |
| 52-Week Range | $34.10 – $54.95 |
| Shares Outstanding | 27.6 million (basic, 2026 Q2) |
XPEL Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $158.9M | $259.3M | $324.0M | $396.3M | $420.4M | $476.2M |
| Cost of Goods Sold | $104.9M | $166.6M | $196.5M | $233.9M | $243.0M | $275.2M |
| Gross Profit | $54.0M | $92.7M | $127.5M | $162.4M | $177.4M | $201.0M |
| Operating Income | $23.4M | $40.1M | $53.9M | $67.0M | $59.1M | $62.6M |
| Pre-Tax Income | $22.8M | $39.4M | $52.0M | $66.0M | $56.8M | $64.1M |
| Income Tax | $4.5M | $7.9M | $10.6M | $13.2M | $11.3M | $12.5M |
| Net Income | $18.3M | $31.6M | $41.4M | $52.8M | $45.5M | $51.2M |
| Diluted EPS | $0.66 | $1.14 | $1.50 | $1.91 | $1.65 | $1.85 |
XPEL Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $125.4M | $122.3M | $117.4M | $143.1M |
| Net Income | $12.9M | $13.4M | $10.3M | $18.0M |
| Diluted EPS | $0.47 | $0.48 | $0.37 | $0.65 |
XPEL Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $29.0M | $9.6M | $8.1M | $11.6M | $22.1M | $50.9M |
| Current Assets | $62.8M | $79.0M | $106.8M | $146.5M | $168.3M | $230.7M |
| Total Assets | $83.8M | $161.0M | $193.4M | $252.0M | $285.6M | $382.5M |
| Current Liabilities | $21.2M | $36.3M | $27.4M | $36.5M | $41.5M | $71.0M |
| Total Long-Term Debt | $6.5M | $458,188 | $26.1M | $19.4M | $292,000 | — |
| Total Liabilities | $30.5M | $76.6M | $68.6M | $72.1M | $60.2M | $97.3M |
| Shareholders' Equity | $53.4M | $84.5M | $124.7M | $180.0M | $225.5M | $280.3M |
XPEL Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $18.5M | $18.3M | $12.1M | $37.4M | $47.8M | $66.9M |
| Cash From Investing | -$4.7M | -$56.8M | -$14.2M | -$26.4M | -$18.4M | -$33.8M |
| Cash From Financing | $3.5M | $19.2M | $602,000 | -$7.3M | -$19.3M | -$3.7M |
| Free Cash Flow | $16.7M | $11.5M | $4.1M | $31.0M | $41.1M | $62.9M |
Figures from XPEL's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full XPEL financials page for every line item.
XPEL Company Profile
| Ticker | XPEL |
|---|---|
| Exchange | Nasdaq |
| Industry | Coating, Engraving & Allied Services |
| Headquarters | San Antonio, Texas |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001767258 |
Frequently Asked Questions
What was XPEL's revenue in fiscal 2025?
XPEL (XPEL) reported revenue of $476.2M for fiscal 2025.
What is XPEL's annual revenue history?
XPEL's annual revenue by fiscal year: 2020: $158.9M; 2021: $259.3M; 2022: $324.0M; 2023: $396.3M; 2024: $420.4M; 2025: $476.2M.
What was XPEL's net income in fiscal 2025?
XPEL reported net income of $51.2M for fiscal 2025.
What was XPEL's earnings per share (EPS) in fiscal 2025?
XPEL's diluted EPS was $1.85 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did XPEL generate in fiscal 2025?
XPEL generated $62.9M of free cash flow in fiscal 2025.
What was XPEL's revenue last quarter?
In its most recent reported quarter (2026 Q2), XPEL reported revenue of $143.1M.
How many shares of XPEL are outstanding?
XPEL reported a weighted average of 27.6 million basic shares outstanding in 2026 Q2.
What is XPEL's market cap?
Based on its latest closing price, XPEL (XPEL) has a market capitalization of about $1.26B.
When does XPEL's fiscal year end?
XPEL's fiscal year end, as registered with the SEC, is December 31.
Where is XPEL headquartered?
XPEL lists its business address in San Antonio, Texas in its SEC filings.