XPEL, Inc.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
XPEL$40.03+5.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share data)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| Product revenue | $94,795 | $83,200 | $173,507 | $150,052 |
| Service revenue | 29,918 | 26,717 | 55,011 | 49,969 |
| Total revenue | 124,713 | 109,917 | 228,518 | 200,021 |
| Cost of Sales | ||||
| Cost of product sales | 58,190 | 51,274 | 106,630 | 93,409 |
| Cost of service | 13,006 | 10,778 | 24,475 | 20,871 |
| Total cost of sales | 71,196 | 62,052 | 131,105 | 114,280 |
| Gross Margin | 53,517 | 47,865 | 97,413 | 85,741 |
| Operating Expenses | ||||
| Sales and marketing | 11,862 | 10,280 | 23,737 | 20,671 |
| General and administrative | 22,357 | 18,399 | 43,258 | 36,655 |
| Total operating expenses | 34,219 | 28,679 | 66,995 | 57,326 |
| Operating Income | 19,298 | 19,186 | 30,418 | 28,415 |
| Interest expense | 7 | 392 | 83 | 865 |
| Foreign currency exchange (gain)/loss | (1,039) | 275 | (1,275) | 548 |
| Income before income taxes | 20,330 | 18,519 | 31,610 | 27,002 |
| Income tax expense | 4,122 | 3,486 | 6,816 | 5,303 |
| Net income | 16,208 | 15,033 | 24,794 | 21,699 |
| Net loss attributed to non-controlling interest | (82) | — | (82) | — |
| Net income attributable to stockholders of the Company | $16,290 | $15,033 | $24,876 | $21,699 |
| Earnings per share attributable to stockholders of the Company | ||||
| Basic | $0.59 | $0.54 | $0.90 | $0.79 |
| Diluted | $0.59 | $0.54 | $0.90 | $0.79 |
| Weighted Average Number of Common Shares | ||||
| Basic | 27,666 | 27,635 | 27,660 | 27,633 |
| Diluted | 27,673 | 27,637 | 27,675 | 27,637 |
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