XPEL, Inc. (XPEL)

Revenue

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	254.62M	249.40M	226.71M
Paint Protection Film Revenue Growth	2.09%	10.01%	-1.38%
Window Film Revenue	99.17M	94.54M	77.67M
Window Film Revenue Growth	4.89%	21.73%	14.30%
Other Product Revenue	16.07M	15.91M	14.47M
Other Product Revenue Growth	0.99%	9.93%	6.62%
Total Product Revenue	369.86M	359.86M	318.85M
Total Product Revenue Growth	2.78%	12.86%	2.39%
Software Revenue	8.84M	8.73M	8.06M
Software Revenue Growth	1.24%	8.29%	23.67%
Cutbank Credits Revenue	14.95M	16.53M	17.02M
Cutbank Credits Revenue Growth	-9.55%	-2.85%	-3.47%
Installation Labor Revenue	91.50M	87.05M	74.48M
Installation Labor Revenue Growth	5.12%	16.88%	27.36%
Training and Other Revenue	4.60M	4.04M	2.00M
Training and Other Revenue Growth	13.92%	102.15%	-11.87%
Total Service Revenue	119.89M	116.35M	101.55M
Total Service Revenue Growth	3.05%	14.57%	19.63%
Revenue (Total)	489.75M	476.20M	420.40M
Revenue (Total) Growth	2.84%	13.27%	6.08%

Revenue by Geography

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	271.53M	265.76M	240.57M
United States Revenue Growth	2.17%	10.47%	7.00%
Canada Revenue	48.52M	49.55M	52.14M
Canada Revenue Growth	-2.07%	-4.98%	19.84%
China Revenue	43.52M	39.92M	24.15M
China Revenue Growth	9.02%	65.32%	-41.92%
Asia Other Revenue	21.59M	20.90M	16.83M
Asia Other Revenue Growth	3.32%	24.19%	40.88%
EU, UK, and Africa	66.95M	64.10M	53.98M
EU, UK, and Africa Growth	4.45%	18.73%	-
India and Middle East	25.67M	24.98M	21.07M
India and Middle East Growth	2.76%	18.57%	-
Latin America Revenue	11.53M	11.00M	11.66M
Latin America Revenue Growth	4.76%	-5.66%	33.50%
Revenue (Other)	443.00K	-	-
Revenue (Total)	489.75M	476.20M	420.40M
Revenue (Total) Growth	2.84%	13.27%	6.08%

Gross Profit

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Mar 31, 2026	Dec 31, 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	141.97M	135.89M	119.06M
Product Gross Margin Growth	4.47%	14.14%	4.99%
Service Gross Margin	66.39M	65.13M	58.30M
Service Gross Margin Growth	1.93%	11.71%	18.95%
Gross Profit (Total)	208.35M	201.02M	177.36M
Gross Profit (Total) Growth	3.65%	13.34%	9.20%

Updated May 8, 2026. Data Source: Fiscal.ai.