XPEL, Inc. (XPEL)

XPEL, Inc. Cash Flow 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
Net Income	51.23	45.49	52.8	41.38	31.57
Depreciation & Amortization	13.25	11.7	9.59	7.83	4.39
Loss (Gain) From Sale of Assets	-0.01	-0.05	-0.01	-0.01	-0.04
Stock-Based Compensation	2.75	3.2	1.64	0.52	0.17
Provision & Write-off of Bad Debts	0.92	0.39	0.24	0.47	0.3
Other Operating Activities	0.06	-2.75	-0.92	-0.46	1.04
Change in Accounts Receivable	-20.44	-5.6	-7	-2.63	-0.43
Change in Inventory	11.48	-4.79	-24.84	-28.57	-26.94
Change in Accounts Payable	11.34	2.66	6.48	-7.9	12.02
Change in Income Taxes	0.25	-0.27	-1.2	1.16	-0.77
Change in Other Net Operating Assets	-3.89	-2.15	0.6	0.26	-3.04
Operating Cash Flow	66.94	47.82	37.38	12.06	18.27
Operating Cash Flow Growth	39.97%	27.93%	210.06%	-34.00%	-1.07%
Capital Expenditures	-4.01	-6.71	-6.36	-7.94	-6.73
Sale of Property, Plant & Equipment	0.05	0.04	0.03	0.07	0.07
Cash Acquisitions	-26.17	-9.86	-18.74	-4.67	-49.19
Sale (Purchase) of Intangibles	-1.55	-1.88	-1.29	-1.62	-0.96
Investment in Securities	-2.1	-	-	-	-
Investing Cash Flow	-33.78	-18.4	-26.35	-14.16	-56.81
Long-Term Debt Issued	-	-	-	1	25
Total Debt Issued	-	-	-	1	25
Long-Term Debt Repaid	-0.24	-19.06	-7.09	-0.37	-5.76
Total Debt Repaid	-0.24	-19.06	-7.09	-0.37	-5.76
Net Debt Issued (Repaid)	-0.24	-19.06	-7.09	0.63	19.24
Repurchase of Common Stock	-3.25	-0.19	-0.17	-0.03	-
Other Financing Activities	-0.16	-	-	-	-
Financing Cash Flow	-3.66	-19.25	-7.26	0.6	19.24
Foreign Exchange Rate Adjustments	-0.73	0.31	-0.22	-0.09	-0.08
Net Cash Flow	28.78	10.48	3.55	-1.59	-19.38
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 Margin	13.21%	9.78%	7.83%	1.27%	4.45%
Free Cash Flow Per Share	2.27	1.49	1.12	0.15	0.42
Cash Interest Paid	0.09	1.03	1.24	1.31	0.21
Cash Income Tax Paid	12.54	13.62	15.29	9.9	7.76
Levered Free Cash Flow	44.03	35.58	17.59	-7.23	2.05
Unlevered Free Cash Flow	44.09	36.2	18.37	-6.35	2.24
Change in Working Capital	-1.27	-10.16	-25.96	-37.68	-19.16

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q