XPEL, Inc.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

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$40.03+5.3%Stored close · as of Nov 10, 2026

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Contents

Item 15. Exhibits and Financial Statement Schedules

Financial Statements

See Index to Financial Statements at Item 8 herein.

Financial Statement Schedules

Schedules not listed above have been omitted because they are not required, not applicable, or the required information is otherwise included.

Exhibits

The exhibits listed below are filed or furnished as part of this Annual Report or are incorporated herein by reference, in each case as indicated below.

Incorporated by Reference
Exhibit Number	Description	Form	Exhibit/Appendix	Filing Date
3.1	Articles of Incorporation of the Company, filed with the Nevada Secretary of State on October 14, 2003	10-12B	3.1	04/03/2019
3.2	Certificate of Amendment to the Articles of Incorporation of the Company, filed with the Nevada Secretary of State on December 29, 2003	10-12B	3.2	04/03/2019
3.3	Certificate of Amendment to the Articles of Incorporation of the Company, filed with the Nevada Secretary of State on June 3, 2018	10-12B	3.3	04/03/2019
3.4	Amended and Restated Bylaws of the Company, effective as of October 31, 2023	8-K	3.1	11/01/2023
3.5	First Amendment dated as of October 28, 2025, to Amended and Restated Bylaws of the Company, effective as of October 21, 2023	8-K	3.1	11/04/2025
3.6	Second Amendment dated as of February 19, 2026, to Amended and Restated Bylaws of the Company, effective as of October 21, 2023	8-K	3.1	02/25/2026
4.1*	Description of Securities of the Registrant
10.1	Credit Agreement Dated April 6, 2023	8-K	10.1	04/06/2023
10.1(a)	First Amendment dated as of September 11, 2025 to the Credit Agreement dated as of April 6, 2023, by and among XPEL, Inc., Wells Fargo Bank, N.A., as Administrative Agent, and other lenders party hereto	10-Q	10.1	11/07/2025
10.2	Credit Facility Letter, dated September 11, 2018, by and among XPEL Canada Corp., as borrower, XPEL, Inc., as guarantor, and HSBC Bank Canada, as lender.	10-12B/A	10.3	05/30/2019
10.3+	XPEL, Inc. 2020 Equity Incentive Plan, as amended on May 24, 2023	10-K	10.4	02/28/2024
10.4+	Form of Restricted Stock Unit Agreement	10-Q	10.1	08/09/2021
10.5+	Form of Performance Restricted Stock Unit Award Agreement	10-Q	10.1	08/09/2023
14.1	Code of Business Conduct and Ethics	10-12B/A	14.1	04/24/2019
19.1	XPEL, Inc. Second Amended and Restated Insider Trading Policy, effective as of May 24, 2023	10-K	19.1	02/28/2024
99.1	Amendment No. 1 dated as of February 19, 2026, to XPEL, Inc. Second Amended and Restated Insider Trading Policy, effective as of May 24, 2023	8-K	99.1	02/25/2026
21.1*	Subsidiaries of the Company
23.1*	Consent of Deloitte & Touche, LLP
24.1*	Power of Attorney
31.1*	Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer
31.2*	Rule 13a-14(a) / 15d-14(a) Certification of Chief Financial Officer
32.1**	Section 1350 Certifications of Chief Executive Officer
32.2**	Section 1350 Certifications of Chief Financial Officer
97.1+	XPEL, Inc. Compensation Clawback Policy, effective as of October 31, 2023.	10-K	97.1	02/28/2024
101*	Inline XBRL Document Set for the consolidated financial statements and accompanying notes in Part II, Item 8, “Financial Statements and Supplementary Data” of this Annual Report on Form 10-K
104*	Inline XBRL for the cover page of this Annual Report on Form 10-K, included in the Exhibit 101 Inline XBRL Document Set

Filed herewith

** Furnished herewith

+Management Compensatory Plan or Agreement

ContentsView on SEC.gov

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