XPEL, Inc. (XPEL) — Financial statements
Income statement, balance sheet, and cash flow for XPEL, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 476↑13.3% | 420↑6.1% | 396↑22.3% | 324↑25.0% | 259 | |
| Cost of Revenue | 275↑13.2% | 243↑3.9% | 234↑19.0% | 196↑17.9% | 167 | |
| Gross Profit | 201↑13.3% | 177↑9.2% | 162↑27.4% | 128↑37.6% | 93 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 3 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 87↑15.7% | 75↑18.4% | 64↑32.0% | 48↑40.6% | 34 | |
| Selling & Marketing Expenses | 51↑19.4% | 43↑34.7% | 32↑25.3% | 25↑38.8% | 18 | |
| SG&A Expenses | 138↑17.1% | 118↑23.9% | 95↑29.7% | 74↑40.0% | 53 | |
| Other Expenses | 0.00↑100.0% | -3 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 138↑17.1% | 118↑23.9% | 95↑29.7% | 74↑40.0% | 53 | |
| Total Costs & Expenses | 414↑14.5% | 361↑9.7% | 329↑21.9% | 270↑23.2% | 219 | |
| Operating Results | ||||||
| Operating Income | 63↑5.9% | 59↓11.7% | 67↑24.2% | 54↑34.5% | 40 | |
| Depreciation & Amortization | 13↑13.3% | 12↑21.9% | 10↑22.5% | 8↑78.5% | 4 | |
| EBITDA | 77↑11.4% | 69↓9.6% | 77↑25.6% | 61↑38.7% | 44 | |
| EBIT | 64↑11.0% | 58↓14.1% | 67↑26.0% | 53↑34.3% | 40 | |
| Interest & Other Income | ||||||
| Net Interest Income | -0.08↑91.7% | -1.00↑20.2% | -1↑11.5% | -1↓365.3% | -0.30 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.08↓91.7% | 1.00↓20.2% | 1↓11.5% | 1↑365.3% | 0.30 | |
| Non-Operating Income | -1↓208.9% | 1↑547.2% | -0.31↓154.6% | 0.56↑50.7% | 0.37 | |
| Other Income / Expenses | 1↑159.6% | -2↓151.8% | -0.94↑52.3% | -2↓191.7% | -0.68 | |
| Income Before Tax | 64↑12.8% | 57↓14.0% | 66↑27.1% | 52↑31.8% | 39 | |
| Income Tax Expense | 12↑10.5% | 11↓14.7% | 13↑25.0% | 11↑34.4% | 8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 52↑13.4% | 45↓13.8% | 53↑27.6% | 41↑31.1% | 32 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 51↑12.6% | 45↓13.8% | 53↑27.6% | 41↑31.1% | 32 | |
| Bottom-Line Net Income | 51↑12.6% | 45↓13.8% | 53↑27.6% | 41↑31.1% | 32 | |
| EPS (Basic) | 1.85↑12.1% | 1.65↓13.6% | 1.91↑27.3% | 1.50↑31.6% | 1.14 | |
| EPS (Diluted) | 1.85↑12.1% | 1.65↓13.6% | 1.91↑27.3% | 1.50↑31.6% | 1.14 | |
| Weighted Average Shares | 28↑0.1% | 28↑0.1% | 28↑0.0% | 28↑0.0% | 28 | |
| Weighted Average Diluted Shares | 28↑0.1% | 28↑0.0% | 28↑0.1% | 28↑0.0% | 28 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.