XPEL, Inc. (XPEL)

XPEL, Inc. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	476.2	420.4	396.29	323.99	259.26
Revenue Growth (YoY)	13.27%	6.08%	22.31%	24.97%	63.14%
Cost of Revenue	275.18	243.04	233.88	196.48	166.59
Gross Profit	201.02	177.36	162.41	127.51	92.68
Selling, General & Admin	138.37	118.21	95.44	73.58	52.56
Total Operating Expenses	138.37	118.21	95.44	73.58	52.56
Operating Income	62.65	59.15	66.97	53.94	40.12
Interest Expense	-0.08	-1	-1.25	-1.41	-0.3
Other Non-Operating Income (Expense)	1.5	-1.37	0.31	-0.56	-0.37
Total Non-Operating Income (Expense)	1.41	-2.37	-0.94	-1.97	-0.68
Pretax Income	64.06	56.78	66.03	51.97	39.44
Provision for Income Taxes	12.47	11.29	13.23	10.58	7.87
Net Income	51.23	45.49	52.8	41.38	31.57
Minority Interest in Earnings	-0.36	-	-	-	-
Net Income to Common	51.23	45.49	52.8	41.38	31.57
Net Income Growth	12.61%	-13.85%	27.59%	31.09%	72.67%
Shares Outstanding (Basic)	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28
Shares Change (YoY)	0.14%	0.03%	0.07%	0.01%	-
EPS (Basic)	1.85	1.65	1.91	1.50	1.14
EPS (Diluted)	1.85	1.65	1.91	1.50	1.14
EPS Growth	12.12%	-13.61%	27.33%	31.58%	72.73%
Shares Outstanding	27.6	27.65	27.63	27.62	27.61
Free Cash Flow	62.93	41.11	31.03	4.12	11.54
Free Cash Flow Growth	53.07%	32.50%	652.92%	-64.30%	-30.81%
Free Cash Flow Per Share	2.27	1.49	1.12	0.15	0.42
Gross Margin	42.21%	42.19%	40.98%	39.36%	35.75%
Operating Margin	13.16%	14.07%	16.90%	16.65%	15.47%
Profit Margin	10.83%	10.82%	13.32%	12.77%	12.18%
FCF Margin	13.21%	9.78%	7.83%	1.27%	4.45%
EBITDA	75.9	70.84	76.57	61.77	44.5
EBITDA Margin	15.94%	16.85%	19.32%	19.07%	17.17%
EBIT	62.65	59.15	66.97	53.94	40.12
EBIT Margin	13.16%	14.07%	16.90%	16.65%	15.47%
Effective Tax Rate	19.47%	19.88%	20.04%	20.37%	19.96%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q