XPEL, Inc.XPELEarnings & Financial Report
XPEL, Inc. is a global provider of high-performance surface protection solutions primarily for automotive use. Core offerings include paint protection films, window tints, and ceramic coatings, serving vehicle owners, dealerships, and professional installers across North America, Europe, and Asia Pacific.
Revenue
$107.5M
Gross Profit
$43.7M
Operating Profit
$12.3M
Net Profit
$8.9M
Gross Margin
40.6%
Operating Margin
11.5%
Net Margin
8.3%
YoY Growth
1.9%
EPS
$0.33
XPEL, Inc. Q4 FY2024 Financial Summary
XPEL, Inc. reported revenue of $107.5M (up 1.9% YoY) for Q4 FY2024, with a net profit of $8.9M (down 25.7% YoY) (8.3% margin). Cost of goods sold was $63.8M, operating expenses totaled $31.4M.
Key Financial Metrics
| Total Revenue | $107.5M |
|---|---|
| Net Profit | $8.9M |
| Gross Margin | 40.6% |
| Operating Margin | 11.5% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
XPEL, Inc. Q4 FY2024 revenue of $107.5M breaks down across 4 segments, led by Products at $81.8M (76.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $81.8M | 76.1% |
| Service Revenue Installation Labor | $19.4M | 18.0% |
| Service Revenue Cutbank Credits | $3.7M | 3.5% |
| Service Revenue Software | $2.1M | 2.0% |
XPEL, Inc. Revenue by Segment — Quarterly Trend
XPEL, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Service Revenue Installation Labor) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Products | $90.9M | $95.5M | — | $78.7M |
| Service Revenue Installation Labor | $23.8M | $22.1M | $22.4M | $18.6M |
| Service Revenue Cutbank Credits | $4.1M | $4.3M | $4.5M | $3.7M |
| Service Revenue Software | $2.2M | $2.2M | $2.2M | $2.1M |
XPEL, Inc. Annual Revenue by Year
XPEL, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $476.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $476.2M |
| 2024 | $420.4M |
| 2023 | $396.3M |
| 2022 | $324.0M |
XPEL, Inc. Quarterly Revenue & Net Profit History
XPEL, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $122.3M | +13.7% | $13.4M | 11.0% |
| Q3 FY2025 | $125.4M | +11.1% | $12.9M | 10.3% |
| Q2 FY2025 | $124.7M | +13.5% | $16.3M | 13.1% |
| Q1 FY2025 | $103.8M | +15.2% | $8.6M | 8.3% |
| Q4 FY2024 | $107.5M | +1.9% | $8.9M | 8.3% |
| Q3 FY2024 | $112.9M | +9.9% | $14.9M | 13.2% |
| Q2 FY2024 | $109.9M | +7.5% | $15.0M | 13.7% |
| Q1 FY2024 | $90.1M | +5.0% | $6.7M | 7.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $90.1M | $109.9M | $112.9M | $107.5M | $103.8M | $124.7M | $125.4M | $122.3M |
| YoY Growth | 5.0% | 7.5% | 9.9% | 1.9% | 15.2% | 13.5% | 11.1% | 13.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $258.5M | $261.8M | $273.0M | $285.6M | $294.8M | $318.1M | $387.7M | $382.5M |
| Liabilities | $72.1M | $59.9M | $54.3M | $60.2M | $59.4M | $62.4M | $113.8M | $97.3M |
| Equity | $186.4M | $201.9M | $218.7M | $225.5M | $235.5M | $255.7M | $269.3M | $280.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-5.0M | $26.9M | $19.6M | $6.3M | $3.2M | $27.9M | $33.2M | $2.7M |