XPEL, Inc. Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	64.5	22.09	11.61	8.06	9.64	29.03
Cash & Short-Term Investments	64.5	22.09	11.61	8.06	9.64	29.03
Cash Growth	207.33%	90.26%	44.10%	-16.47%	-66.78%	152.39%
Accounts Receivable	36.88	29.15	24.11	14.73	13.16	9.94
Other Receivables	-	0.89	0.7	-	0.62	-
Receivables	36.88	30.04	24.81	14.73	13.78	9.94
Inventory	128.72	110.9	106.51	80.58	51.94	22.36
Prepaid Expenses	4.44	5.31	3.53	3.46	3.67	1.44
Total Current Assets	234.53	168.34	146.45	106.82	79.03	62.78
Property, Plant & Equipment	37.73	37.23	32.44	29.51	22.81	10.68
Goodwill	52.29	44.13	37.46	26.76	25.66	4.47
Other Intangible Assets	56.27	34.56	34.91	29.29	32.73	5.42
Long-Term Deferred Tax Assets	2.12	-	-	-	-	-
Other Long-Term Assets	4.76	1.35	0.78	0.97	0.79	0.49
Total Assets	387.7	285.61	252.04	193.36	161.02	83.84
Accounts Payable	35.94	26.32	24.23	16.69	25.18	12.99
Accrued Expenses	7.31	5.33	4.3	3.6	3.39	2.27
Current Portion of Long-Term Debt	0.07	0.06	0.06	0.08	0.38	2.57
Current Portion of Leases	6.49	4.67	3.97	3.89	2.98	1.65
Current Income Taxes Payable	2.12	-	-	0.47	-	0.18
Current Unearned Revenue	5.01	0.82	0.76	0.26	0.82	0.24
Other Current Liabilities	27.41	4.32	3.15	2.42	3.54	1.3
Total Current Liabilities	84.35	41.52	36.47	27.4	36.27	21.2
Long-Term Debt	0.12	0.23	19.32	26	25.08	3.57
Long-Term Leases	16.75	16.13	12.72	12.12	9.83	4.33
Long-Term Deferred Tax Liabilities	-	0.47	2.66	2.05	2.75	0.63
Other Long-Term Liabilities	12.63	1.81	0.89	1.07	2.63	0.73
Total Liabilities	113.84	60.15	72.05	68.64	76.55	30.46
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	18.17	15.55	12.55	11.07	10.58	10.41
Retained Earnings	251.93	214.11	168.62	115.82	74.44	42.88
Comprehensive Income & Other	-0.84	-4.24	-1.21	-2.2	-0.59	0.07
Total Common Equity	269.28	225.46	179.99	124.72	84.46	53.38
Minority Interest	4.58	-	-	-	-	-
Shareholders' Equity	273.85	225.46	179.99	124.72	84.46	53.38
Total Liabilities & Equity	387.7	285.61	252.04	193.36	161.02	83.84
Total Debt	23.42	21.08	36.06	42.08	38.26	12.12
Net Cash (Debt)	41.07	1	-24.45	-34.03	-28.62	16.91
Net Cash Growth	6368.19%	-	-	-	-	202.22%
Net Cash Per Share	1.48	0.04	-0.88	-1.23	-1.04	0.61
Filing Date Shares Outstanding	27.68	27.65	27.63	27.62	27.61	27.61
Total Common Shares Outstanding	27.68	27.65	27.63	27.62	27.61	27.61
Working Capital	150.19	126.83	109.98	79.42	42.76	41.58
Book Value Per Share	9.73	8.15	6.51	4.52	3.06	1.93
Tangible Book Value	160.72	146.77	107.62	68.67	26.07	43.49
Tangible Book Value Per Share	5.81	5.31	3.90	2.49	0.94	1.57
Machinery	23.78	21.75	19.73	14.67	10.87	6.83
Construction In Progress	0.87	1.35	0.2	1.75	0.12	0.32
Leasehold Improvements	13.8	11.88	10.92	7.08	5.14	2.06

Source: S&P Global Market Intelligence. Standard template. Financial Sources.