XPEL
$45.16+2.33%
XPEL Inc.Stock · Consumer DiscretionaryRussell 2000 · 0.04% of IWMRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
XPEL financial statements
The full income statement, balance sheet, and cash-flow statement for XPEL Inc. (XPEL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 27.6M2024-09 27.6M2024-12 27.7M2025-03 27.7M2025-06 27.7M2025-09 27.7M2025-12 27.6M2026-03 27.6M2026-06 27.6M-0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 476M+13.3% | 420M+6.1% | 396M+22.3% | 324M+25.0% | 259M+63.1% | |
| 201M+13.3% | 177M+9.2% | 162M+27.4% | 128M+37.6% | 92.7M+71.5% | ||
| Cost of revenue | 275M+13.2% | 243M+3.9% | 234M+19.0% | 196M+17.9% | 167M+58.8% | |
| 138M+17.1% | 118M+23.9% | 95.4M+29.7% | 73.6M+40.0% | 52.6M+71.5% | ||
| Research & development | 2.90M+0.0% | 2.90M+0.0% | 2.90M+625.0% | 400K+0.0% | 400K+300.0% | |
| Selling, general & administrative | 87.2M+15.7% | 75.4M+18.4% | 63.7M+32.0% | 48.2M+40.6% | 34.3M+64.0% | |
| General & administrative | 87.2M+15.7% | 75.4M+18.4% | 63.7M+32.0% | 48.2M+40.6% | 34.3M+64.0% | |
| Selling & marketing | 51.1M+19.4% | 42.8M+34.7% | 31.8M+25.3% | 25.4M+38.8% | 18.3M+87.5% | |
| Amortization of intangibles | 6.99M+18.9% | 5.88M+16.2% | 5.06M+15.0% | 4.40M+76.0% | 2.50M+161.6% | |
| Provision for credit losses | 922K+136.4% | 390K+60.5% | 243K-48.0% | 467K+54.6% | 302K+164.9% | |
| Operating income | 62.6M+5.9% | 59.1M-11.7% | 67.0M+24.2% | 53.9M+34.5% | 40.1M+71.7% | |
| Interest expense | 83.0K-91.7% | 996K-20.2% | 1.25M-11.5% | 1.41M+365.3% | 303K+21.7% | |
| Pre-tax income | 64.1M+12.8% | 56.8M-14.0% | 66.0M+27.1% | 52.0M+31.8% | 39.4M+72.9% | |
| Income tax | 12.5M+10.5% | 11.3M-14.7% | 13.2M+25.0% | 10.6M+34.4% | 7.87M+74.1% | |
| 51.2M+12.6% | 45.5M-13.8% | 52.8M+27.6% | 41.4M+31.1% | 31.6M+72.7% | ||
| Net income to non-controlling interest | 363K | 0.00 | 0.00 | — | 0.00 | |
| $1.85+12.1% | $1.65-13.6% | $1.91+27.3% | $1.50+31.6% | $1.14+72.7% | ||
| EPS (basic) | $1.85+12.1% | $1.65-13.6% | $1.91+27.3% | $1.50+31.6% | $1.14+72.7% | |
| Weighted-avg shares (basic) | 27.7M+0.1% | 27.6M+0.1% | 27.6M+0.0% | 27.6M+0.0% | 27.6M+0.0% | |
| Weighted-avg shares (diluted) | 27.7M+0.1% | 27.6M+0.0% | 27.6M+0.1% | 27.6M+0.0% | 27.6M+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 231M+37.0% | 168M+14.9% | 146M+37.1% | 107M+35.2% | 79.0M+25.9% | ||
| Cash & equivalents | 50.9M+130.3% | 22.1M+90.3% | 11.6M+44.1% | 8.06M-16.5% | 9.64M-66.8% | |
| Accounts receivable | 49.8M+71.0% | 29.1M+20.9% | 24.1M+63.7% | 14.7M+11.9% | 13.2M+32.3% | |
| Inventory | 123M+10.7% | 111M+4.1% | 107M+32.2% | 80.6M+55.1% | 51.9M+132.2% | |
| Prepaid expenses | 6.65M+25.2% | 5.31M+50.6% | 3.53M+1.9% | 3.46M-5.7% | 3.67M+154.7% | |
| 383M+33.9% | 286M+13.3% | 252M+30.3% | 193M+20.1% | 161M+92.1% | ||
| Property, plant & equipment | 15.8M-10.9% | 17.7M+4.4% | 17.0M+19.6% | 14.2M+43.5% | 9.90M+110.3% | |
| Operating lease right-of-use | 21.6M+10.6% | 19.5M+26.1% | 15.5M+1.0% | 15.3M+18.6% | 12.9M+116.1% | |
| Goodwill | 59.3M+34.3% | 44.1M+17.8% | 37.5M+40.0% | 26.8M+4.3% | 25.7M+473.7% | |
| Intangible assets | 49.6M+43.6% | 34.6M-1.0% | 34.9M+19.2% | 29.3M-10.5% | 32.7M+503.5% | |
| Deferred tax assets | 0.00 | 0.00 | — | — | — | |
| Other non-current assets | 5.57M+312.9% | 1.35M+72.6% | 782K-19.5% | 972K+22.9% | 791K+62.6% | |
| 71.0M+71.0% | 41.5M+13.8% | 36.5M+33.1% | 27.4M-24.4% | 36.3M+71.1% | ||
| Accounts payable | 37.8M+43.5% | 26.3M+8.6% | 24.2M+45.2% | 16.7M-33.7% | 25.2M+93.8% | |
| Accrued liabilities | 54.3M+50.2% | 36.1M+11.4% | 32.4M+41.2% | 23.0M-30.2% | 32.9M+96.0% | |
| Deferred revenue | 4.79M+484.0% | 821K+7.9% | 761K+191.6% | 261K-68.1% | 818K+233.9% | |
| Short-term & current debt | 59.0K | — | — | — | — | |
| Current lease liability | 6.09M+30.6% | 4.67M+17.7% | 3.97M+2.1% | 3.88M+30.5% | 2.98M+80.4% | |
| Other current liabilities | 10.6M+1521.8% | 651K | — | — | — | |
| 97.3M+61.8% | 60.2M-16.5% | 72.1M+5.0% | 68.6M-10.3% | 76.6M+151.3% | ||
| Long-term debt | 0.00 | — | — | 77.0K-83.2% | 458K-92.9% | |
| Non-current lease liability | 16.7M+3.6% | 16.1M+26.8% | 12.7M+4.9% | 12.1M+23.3% | 9.83M+127.0% | |
| Operating lease liability (total) | 22.8M+9.7% | 20.8M+24.6% | 16.7M+4.2% | 16.0M+25.0% | 12.8M+114.1% | |
| Deferred tax liabilities | 120K-74.4% | 469K-82.4% | 2.66M+29.7% | 2.05M-25.4% | 2.75M+337.7% | |
| Other non-current liabilities | 9.51M+425.5% | 1.81M+103.4% | 890K-16.8% | 1.07M-59.3% | 2.63M+260.7% | |
| 280M+24.3% | 225M+25.3% | 180M+44.3% | 125M+47.7% | 84.5M+58.2% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 28.0K+0.0% | 28.0K+0.0% | 28.0K+0.0% | 28.0K+0.0% | 28.0K+1.4% | |
| Additional paid-in capital | 18.0M+16.1% | 15.6M+23.9% | 12.5M+13.3% | 11.1M+4.6% | 10.6M+1.6% | |
| Retained earnings | 265M+23.9% | 214M+27.0% | 169M+45.6% | 116M+55.6% | 74.4M+73.6% | |
| Treasury stock | 3.00M | 0.00 | — | — | — | |
| Accumulated other comprehensive income | -135K+96.8% | -4.24M-250.4% | -1.21M+45.1% | -2.20M-273.4% | -590K-991.0% | |
| Non-controlling interest | 4.90M | 0.00 | — | — | — | |
| Total equity incl. non-controlling | 285M+26.5% | 225M+25.3% | 180M+44.3% | 125M+47.7% | 84.5M+58.2% | |
| Total liabilities & equity | 383M+33.9% | 286M+13.3% | 252M+30.3% | 193M+20.1% | 161M+92.1% | |
| Common shares issued | 27.7M+0.1% | 27.7M+0.1% | 27.6M+0.1% | 27.6M+0.0% | 27.6M+0.0% | |
| Common shares outstanding | 27.6M-0.2% | 27.7M+0.1% | 27.6M+0.1% | 27.6M+0.0% | 27.6M+0.0% | |
| Shares outstanding (cover) | 27.6M-0.2% | 27.7M+0.1% | 27.6M+0.1% | 27.6M+0.0% | 27.6M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 66.9M+40.0% | 47.8M+27.9% | 37.4M+210.1% | 12.1M-34.0% | 18.3M-1.1% | ||
| Depreciation & amortization | 13.3M+13.3% | 11.7M+21.9% | 9.59M+22.5% | 7.83M+78.5% | 4.39M+96.8% | |
| Intangible amortization | 6.99M+18.9% | 5.88M+16.2% | 5.06M+15.0% | 4.40M+76.0% | 2.50M+161.6% | |
| Share-based compensation | 2.75M-13.9% | 3.20M+94.9% | 1.64M+214.2% | 522K+208.9% | 169K | |
| Deferred income taxes | -305K+88.9% | -2.75M-199.7% | -916K-89.6% | -483K-148.3% | 1.00M+466.3% | |
| Change in receivables | 20.4M+264.8% | 5.60M-19.9% | 7.00M+166.1% | 2.63M+509.0% | 432K-82.2% | |
| Change in inventory | -11.5M-339.8% | 4.79M-80.7% | 24.8M-13.0% | 28.6M+6.0% | 26.9M+298.6% | |
| -33.8M-83.5% | -18.4M+30.2% | -26.4M-86.2% | -14.2M+75.1% | -56.8M-1118.0% | ||
| Capital expenditure | 4.01M-40.3% | 6.71M+5.6% | 6.36M-19.9% | 7.94M+18.0% | 6.72M+277.4% | |
| Free cash flow | 62.9M+53.1% | 41.1M+32.5% | 31.0M+652.9% | 4.12M-64.3% | 11.5M-30.8% | |
| Acquisitions | 26.2M+165.5% | 9.86M-47.4% | 18.7M+300.9% | 4.67M-90.5% | 49.2M+1814.6% | |
| Proceeds from sale of PP&E | 48.0K+20.0% | 40.0K+37.9% | 29.0K-60.3% | 73.0K+10.6% | 66.0K+8.2% | |
| -3.66M+81.0% | -19.3M-165.2% | -7.26M-1305.8% | 602K-96.9% | 19.2M+448.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 3.00M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -726K-333.4% | 311K+242.0% | -219K-140.7% | -91.0K-8.3% | -84.0K-139.4% | |
| Net change in cash | 28.8M+174.6% | 10.5M+194.9% | 3.55M+323.7% | -1.59M+91.8% | -19.4M-210.6% | |
| Interest paid | 89.0K-91.3% | 1.03M-17.3% | 1.24M-5.1% | 1.31M+521.9% | 210K+18.0% | |
| Income taxes paid | 12.5M-7.9% | 13.6M-10.8% | 15.3M+54.2% | 9.90M+27.5% | 7.76M+74.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.38B+24.7% | 1.10B-25.8% | 1.49B-10.3% | 1.66B-12.0% | 1.89B+32.4% | |
| P/E | 26.9×+10.8% | 24.3×-19.7% | 30.2×-28.5% | 42.3×-29.2% | 59.7×-23.3% | |
| P/S | 2.9×+10.1% | 2.6×-34.8% | 4.0×-23.3% | 5.3×-27.7% | 7.3×-18.8% | |
| P/B | 4.9×+0.3% | 4.9×-45.2% | 8.9×-38.1% | 14.4×-35.4% | 22.3×-16.3% | |
| P/FCF | 21.9×-18.5% | 26.9×-39.1% | 44.1×-98.4% | 2705.7×+1556.6% | 163.3×+91.4% | |
| Earnings yield | 3.7%-9.7% | 4.1%+24.6% | 3.3%+39.8% | 2.4%+41.3% | 1.7%+30.4% | |
| FCF yield | 4.6%+22.7% | 3.7%+64.2% | 2.3%+6032.1% | 0.04%-94.0% | 0.61%-47.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: XPEL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XPEL filings on SEC EDGAR → Not investment advice.