XPEL Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
XPEL$38.01-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands except share and per share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current | ||
| Cash and cash equivalents | $11,609 | $8,056 |
| Accounts receivable, net | 24,111 | 14,726 |
| Inventory, net | 106,509 | 80,575 |
| Prepaid expenses and other current assets | 3,529 | 3,464 |
| Income tax receivable | 696 | — |
| Total current assets | 146,454 | 106,821 |
| Property and equipment, net | 16,980 | 14,203 |
| Right-of-use lease assets | 15,459 | 15,309 |
| Intangible assets, net | 34,905 | 29,294 |
| Other non-current assets | 782 | 972 |
| Goodwill | 37,461 | 26,763 |
| Total assets | $252,041 | $193,362 |
| Liabilities | ||
| Current | ||
| Current portion of notes payable | $62 | $77 |
| Current portion of lease liabilities | 3,966 | 3,885 |
| Accounts payable and accrued liabilities | 32,444 | 22,970 |
| Income tax payable | — | 470 |
| Total current liabilities | 36,472 | 27,402 |
| Deferred tax liability, net | 2,658 | 2,049 |
| Other long-term liabilities | 890 | 1,070 |
| Borrowings on line of credit | 19,000 | 26,000 |
| Non-current portion of lease liabilities | 12,715 | 12,119 |
| Non-current portion of notes payable | 317 | — |
| Total liabilities | 72,052 | 68,640 |
| Commitments and Contingencies (Note 15) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.001 par value; authorized 10,000,000; none issued and outstanding | — | — |
| Common stock, $0.001 par value; 100,000,000 shares authorized; 27,630,025 and 27,616,064 issued and outstanding, respectively | 28 | 28 |
| Additional paid-in-capital | 12,546 | 11,073 |
| Accumulated other comprehensive loss | (1,209) | (2,203) |
| Retained earnings | 168,624 | 115,824 |
| Total stockholders’ equity | 179,989 | 124,722 |
| Total liabilities and stockholders’ equity | $252,041 | $193,362 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.