XPEL Inc
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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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.
FY2024 · Filed Feb 28, 2025
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, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current | ||
| Cash and cash equivalents | $22,087 | $11,609 |
| Accounts receivable, net | 29,146 | 24,111 |
| Inventory, net | 110,904 | 106,509 |
| Prepaid expenses and other current assets | 5,314 | 3,529 |
| Income tax receivable | 893 | 696 |
| Total current assets | 168,344 | 146,454 |
| Property and equipment, net | 17,735 | 16,980 |
| Right-of-use lease assets | 19,490 | 15,459 |
| Intangible assets, net | 34,562 | 34,905 |
| Other non-current assets | 1,350 | 782 |
| Goodwill | 44,126 | 37,461 |
| Total assets | $285,607 | $252,041 |
| Liabilities | ||
| Current | ||
| Current portion of notes payable | $63 | $62 |
| Current portion of lease liabilities | 4,666 | 3,966 |
| Accounts payable and accrued liabilities | 36,789 | 32,444 |
| Total current liabilities | 41,518 | 36,472 |
| Deferred tax liability, net | 469 | 2,658 |
| Other long-term liabilities | 1,810 | 890 |
| Borrowings on line of credit | — | 19,000 |
| Non-current portion of lease liabilities | 16,126 | 12,715 |
| Non-current portion of notes payable | 229 | 317 |
| Total liabilities | 60,152 | 72,052 |
| 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; 27,651,773 and 27,630,025 issued and outstanding, respectively | 28 | 28 |
| Additional paid-in-capital | 15,550 | 12,546 |
| Accumulated other comprehensive loss | (4,236) | (1,209) |
| Retained earnings | 214,113 | 168,624 |
| Total stockholders’ equity | 225,455 | 179,989 |
| Total liabilities and stockholders’ equity | $285,607 | $252,041 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.