XPEL, Inc. (XPEL)

XPEL, Inc. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	448.9	420.4	396.29	323.99	259.26	158.92
Revenue Growth (YoY)	9.96%	6.08%	22.31%	24.97%	63.14%	22.31%
Cost of Revenue	259.87	243.04	233.88	196.48	166.59	104.9
Gross Profit	189.03	177.36	162.41	127.51	92.68	54.03
Selling, General & Admin	127.88	118.21	95.44	73.58	52.56	30.66
Operating Expenses	127.88	118.21	95.44	73.58	52.56	30.66
Operating Income	61.15	59.15	66.97	53.94	40.12	23.37
Interest Expense	-0.21	-1	-1.25	-1.41	-0.3	-0.25
Currency Exchange Gain (Loss)	0.45	-1.37	0.31	-0.56	-0.37	-0.32
EBT Excluding Unusual Items	61.39	56.78	66.03	51.97	39.44	22.81
Pretax Income	61.39	56.78	66.03	51.97	39.44	22.81
Income Tax Expense	12.8	11.29	13.23	10.58	7.87	4.52
Earnings From Continuing Operations	48.58	45.49	52.8	41.38	31.57	18.28
Minority Interest in Earnings	0.08	-	-	-	-	-
Net Income	48.67	45.49	52.8	41.38	31.57	18.28
Net Income to Common	48.67	45.49	52.8	41.38	31.57	18.28
Net Income Growth	2.83%	-13.85%	27.59%	31.09%	72.67%	30.80%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
Shares Change (YoY)	0.09%	0.03%	0.07%	0.01%	-	0.00%
EPS (Basic)	1.76	1.65	1.91	1.50	1.14	0.66
EPS (Diluted)	1.76	1.65	1.91	1.50	1.14	0.66
EPS Growth	2.75%	-13.83%	27.46%	31.45%	72.73%	30.38%
Free Cash Flow	52.17	41.11	31.03	4.12	11.54	16.68
Free Cash Flow Per Share	1.89	1.49	1.12	0.15	0.42	0.60
Gross Margin	42.11%	42.19%	40.98%	39.36%	35.75%	33.99%
Operating Margin	13.62%	14.07%	16.90%	16.65%	15.47%	14.70%
Profit Margin	10.84%	10.82%	13.32%	12.77%	12.18%	11.50%
Free Cash Flow Margin	11.62%	9.78%	7.83%	1.27%	4.45%	10.50%
EBITDA	73.34	70.84	76.57	61.77	44.5	25.6
EBITDA Margin	16.34%	16.85%	19.32%	19.07%	17.17%	16.11%
D&A For EBITDA	12.19	11.7	9.59	7.83	4.39	2.23
EBIT	61.15	59.15	66.97	53.94	40.12	23.37
EBIT Margin	13.62%	14.07%	16.90%	16.65%	15.47%	14.70%
Effective Tax Rate	20.86%	19.88%	20.04%	20.37%	19.96%	19.83%
Revenue as Reported	448.9	420.4	396.29	323.99	259.26	158.92
Advertising Expenses	-	2.4	1.7	1.2	1.1	0.6

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q