XPEL, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $476.2M | $420.4M | $396.3M | $324.0M | $259.3M |
| Gross profit | $201.0M | $177.4M | $162.4M | $127.5M | $92.7M |
| Operating income | $62.6M | $59.1M | $67.0M | $53.9M | $40.1M |
| Operating expenses | $138.4M | $118.2M | $95.4M | $73.6M | $52.6M |
| Cost of revenue | $275.2M | $243.0M | $233.9M | $196.5M | $166.6M |
| Cash from operations | $66.9M | $47.8M | $37.4M | $12.1M | $18.3M |
| Capital expenditure | $4.0M | $6.7M | $6.4M | $7.9M | $6.7M |
| Free cash flow | $62.9M | $41.1M | $31.0M | $4.1M | $11.5M |
| Share repurchases | $3.0M | $0 | $0 | — | — |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $382.5M | $285.6M | $252.0M | $193.4M | $161.0M |
| Total liabilities | $97.3M | $60.2M | $72.1M | $68.6M | $76.6M |
Shares outstanding 27.6M · Free float 90.6%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.