XPEL, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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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.
FY2025 · Filed Feb 27, 2026
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, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current | ||
| Cash and cash equivalents | $50,864 | $22,087 |
| Accounts receivable, net | 49,846 | 29,146 |
| Inventory, net | 122,755 | 110,904 |
| Prepaid expenses and other current assets | 6,651 | 5,314 |
| Income tax receivable | 581 | 893 |
| Total current assets | 230,697 | 168,344 |
| Property and equipment, net | 15,797 | 17,735 |
| Right-of-use lease assets | 21,561 | 19,490 |
| Intangible assets, net | 49,620 | 34,562 |
| Other non-current assets | 5,574 | 1,350 |
| Goodwill | 59,277 | 44,126 |
| Total assets | $382,526 | $285,607 |
| Liabilities | ||
| Current | ||
| Current portion of notes payable | $59 | $63 |
| Current portion of lease liabilities | 6,094 | 4,666 |
| Accounts payable and accrued liabilities | 54,289 | 36,138 |
| Other short-term liabilities | 10,558 | 651 |
| Total current liabilities | 71,000 | 41,518 |
| Deferred tax liability, net | 120 | 469 |
| Other long-term liabilities | 9,511 | 1,810 |
| Non-current portion of lease liabilities | 16,710 | 16,126 |
| Non-current portion of notes payable | — | 229 |
| Total liabilities | 97,341 | 60,152 |
| Commitments and Contingencies (Note 16) | ||
| 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; 27,682,807 and 27,651,773 issued, respectively | 28 | 28 |
| Additional paid-in-capital | 18,049 | 15,550 |
| Accumulated other comprehensive loss | (135) | (4,236) |
| Retained earnings | 265,339 | 214,113 |
| Treasury stock, 78,624 shares at cost | (2,999) | — |
| Stockholders’ equity | 280,282 | 225,455 |
| Non-controlling interest | 4,903 | — |
| Total stockholders’ equity | 285,185 | 225,455 |
| Total liabilities and stockholders’ equity | $382,526 | $285,607 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.