Every 10-Q that XPEL, Inc. (XPEL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow XPEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XPEL filings page.
XPEL, Inc. reported Q2 2026 revenue of $143.1 million, up 14.7% year over year, with net income of $18.3 million and diluted EPS of $0.65. For the first half, revenue reached $260.4 million and net income $28.8 million, both growing double digits.
Growth was led by paint protection film (up 19.4%) and window film (up 16.1%), with strong contributions from China and broader Asia-Pacific. Product revenue was 78% of total and gross margin improved to 44.1%, supported by better mix and operating leverage. Q2 EBITDA was $27.6 million.
Operating cash flow of $38.2 million funded significant investments, including a major San Antonio manufacturing campus and a China manufacturing acquisition, alongside a new $44.8 million term loan. Cash was $40.7 million, the $125 million revolver was undrawn, and share repurchases totaled $2.9 million year to date.
XPEL, Inc. delivered solid growth in the quarter ended March 31, 2026. Total revenue rose to $117.4M from $103.8M, driven by higher demand for paint protection and window films and expanding installation services.
Net income attributable to stockholders increased to $10.3M from $8.6M, with diluted EPS up to $0.37 from $0.31. EBITDA grew to $17.0M. Gross margin improved to 43.7% of revenue, while the company ended the quarter with $45.1M in cash and no borrowings on its $125M main credit facility.
XPEL reported Q3 2025 results with total revenue of $125.4M, up 11.1% year over year, driven by product and installation growth. Net income was $13.1M and diluted EPS was $0.47, both down from last year as operating margin eased on higher sales, marketing, and administrative costs.
For the first nine months, revenue reached $353.9M (up 13.1%) and net income was $37.9M (up 3.7%). Cash and cash equivalents rose to $64.5M as of September 30, 2025, supported by $64.3M in operating cash flow. XPEL extended its revolving credit facility to September 11, 2028, with up to $125M available and no borrowings outstanding. The company completed $48.7M of acquisitions year to date, including a 76% interest tied to its China operations, increasing goodwill and intangible assets.
Product revenue was $95.5M in Q3, led by paint protection and window films, while services contributed $30.0M with stronger installation activity. Shares outstanding were 27,678,601 as of November 7, 2025.
XPEL’s Q2-25 results show solid top-line momentum but modest margin pressure. Revenue rose 13.5% YoY to $124.7 million, lifted by 27.0% growth in window film and a 75% rebound in China. Product sales remained 76% of mix; service revenue grew 12.0%. Gross margin slipped 60 bps to 42.9% as higher dealership installation mix and marketing spend offset scale benefits. Operating income was essentially flat at $19.3 million (15.5% margin), while net income climbed 7.8% to $16.2 million; diluted EPS improved to $0.59 from $0.54.
For the first half, revenue advanced 14.2% to $228.5 million and net income increased 14.3% to $24.8 million ($0.90 EPS). Operating cash flow jumped 42% to $31.1 million, driving cash & equivalents to $49.6 million versus $22.1 million at year-end. The $125 million revolver and CAD $4.5 million Canadian facility remained undrawn, leaving net cash positive and leverage covenants well inside limits. Inventory was reduced 6% sequentially, and goodwill rose to $46.5 million after small acquisitions. Management highlights expanding international demand, particularly in Asia-Pacific, but notes higher tax rates (20.3% vs. 18.8%) and tariff uncertainty as headwinds.