XPEL, Inc. (XPEL)

Nasdaq: XPEL · Coating, Engraving & Allied Services · San Antonio, TX · filing with the SEC since 2019

Grade6.5

◀ Past 6.9● Present 6.9▶ Future 5.6

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Report filed	Feb 27, 2026	Feb 28, 2025	Feb 28, 2024	Feb 28, 2023	Feb 28, 2022	Mar 11, 2021	Mar 16, 2020	·
Revenue	476,200,000	420,400,000	396,293,000	323,993,000	259,263,000^r	158,924,000^r	129,932,881	109,920,614
Cost of revenue	275,181,000	243,040,000	233,879,000	196,481,000	166,586,000^r	104,899,000^r	86,426,622	76,484,009
Gross profit	201,019,000	177,360,000	162,414,000	127,512,000	92,677,000^r	54,025,000^r	43,506,259	33,436,605
Research and development	2,900,000	2,900,000	2,900,000	400,000	400,000^r	100,000^r	602,446	223,886
Sales and marketing	51,138,000	42,817,000	31,788,000	25,367,000	18,273,000^r	9,748,000^r	7,584,377	6,802,241
General and administrative	87,232,000	75,396,000	63,654,000	48,208,000	34,288,000^r	20,907,000^r	18,834,535	14,828,361
Total operating expenses	138,370,000	118,213,000	95,442,000	73,575,000	52,561,000^r	30,655,000^r	26,418,912	21,630,602
Operating income	62,649,000	59,147,000	66,972,000	53,937,000	40,116,000^r	23,370,000^r	17,087,347	11,806,003
Interest expense	83,000	996,000	1,248,000	1,410,000	303,000^r	249,000^r	96,646	168,389
Income before income taxes	64,061,000	56,778,000	66,031,000	51,965,000	39,440,000^r	22,805,000^r	16,950,428	11,481,305
Income tax expense	12,472,000	11,289,000	13,231,000	10,584,000	7,873,000^r	4,523,000^r	2,955,356	2,760,073
Net income including non-controlling interests	51,589,000	45,489,000	52,800,000	41,381,000	31,567,000^r	18,282,000^r	13,995,072	8,721,232
Net income to non-controlling interests	363,000	0	0	·	0	0	17,447	8,698
Net income	51,226,000	45,489,000	52,800,000	41,381,000	31,567,000	18,282,000^r	13,977,625	8,712,534
Earnings per share, basic	1.85	1.65	1.91	1.50	1.14	0.66	0.51	·
Earnings per share, diluted	1.85	1.65	1.91	1.50	1.14	0.66	0.51	·
Earnings per share, basic and diluted	·	·	·	·	·	0.66	0.51	0.32
Weighted average shares, basic	27,657,000	27,639,000	27,622,000	27,614,000	27,613,000^r	27,613,000^r	27,612,597	·
Weighted average shares, diluted	27,683,000	27,643,000	27,634,000	27,616,000	27,613,000^r	27,613,000^r	27,612,597	·
Weighted average shares, basic and diluted	·	·	·	·	·	27,612,597	27,612,597	27,612,597

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton XPEL · research, not advice