XPEL, Inc. (XPEL)

Revenue

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2018
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Paint Protection Film Revenue	242.48M	226.71M	229.88M
Paint Protection Film Revenue Growth	6.96%	-1.38%	19.50%
Window Film Revenue	92.71M	77.67M	67.95M
Window Film Revenue Growth	19.36%	14.30%	24.98%
Other Product Revenue	15.63M	14.47M	13.58M
Other Product Revenue Growth	7.99%	6.62%	18.77%
Total Product Revenue	350.81M	318.85M	311.41M
Total Product Revenue Growth	10.03%	2.39%	20.62%
Software Revenue	8.61M	8.06M	6.52M
Software Revenue Growth	6.77%	23.67%	25.03%
Cutbank Credits Revenue	16.17M	17.02M	17.63M
Cutbank Credits Revenue Growth	-4.98%	-3.47%	8.02%
Installation Labor Revenue	82.61M	74.48M	58.48M
Installation Labor Revenue Growth	10.92%	27.36%	36.54%
Training and Other Revenue	3.26M	2.00M	2.27M
Training and Other Revenue Growth	63.24%	-11.87%	55.10%
Total Service Revenue	110.65M	101.55M	84.89M
Total Service Revenue Growth	8.96%	19.63%	28.97%
Revenue (Total)	461.46M	420.40M	396.29M
Revenue (Total) Growth	9.77%	6.08%	22.31%

Revenue by Geography

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2018
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
United States Revenue	259.23M	240.57M	224.84M
United States Revenue Growth	7.76%	7.00%	18.40%
Canada Revenue	50.03M	52.14M	43.51M
Canada Revenue Growth	-4.06%	19.84%	11.56%
China Revenue	35.13M	24.15M	41.58M
China Revenue Growth	45.46%	-41.92%	22.31%
Asia Pacific Revenue	20.62M	16.83M	11.94M
Asia Pacific Revenue Growth	22.55%	40.88%	32.32%
Latin America Revenue	10.99M	11.66M	8.74M
Latin America Revenue Growth	-5.78%	33.50%	61.47%
Continental Europe Revenue	-	39.56M	34.88M
Continental Europe Revenue Growth	-	13.42%	41.15%
Middle East / Africa Revenue	-	20.89M	16.47M
Middle East / Africa Revenue Growth	-	26.80%	56.89%
United Kingdom Revenue	-	14.60M	13.44M
United Kingdom Revenue Growth	-	8.68%	30.49%
Other Geographic Revenue	-	-	899.00K
Other Geographic Revenue Growth	-	-	-22.90%
Revenue (Other)	85.47M	-	-
Revenue (Total)	461.46M	420.40M	396.29M
Revenue (Total) Growth	9.77%	6.08%	22.31%

Gross Profit

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2018
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Product Gross Margin	131.93M	119.06M	113.40M
Product Gross Margin Growth	10.81%	4.99%	28.47%
Service Gross Margin	61.61M	58.30M	49.02M
Service Gross Margin Growth	5.67%	18.95%	24.90%
Gross Profit (Total)	193.54M	177.36M	162.41M
Gross Profit (Total) Growth	9.12%	9.20%	27.37%

Updated Nov 5, 2025. Data Source: Fiscal.ai.