XPEL, Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 8, 2026
XPEL$38.01-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| (Unaudited) | (Audited) | |
|---|---|---|
| March 31, 2026 | December 31, 2025 | |
| Assets | ||
| Current | ||
| Cash and cash equivalents | $45,106 | $50,864 |
| Accounts receivable, net | 53,515 | 49,846 |
| Inventory | 131,575 | 122,755 |
| Prepaid expenses and other current assets | 7,002 | 6,651 |
| Income tax receivable | — | 581 |
| Total current assets | 237,198 | 230,697 |
| Property and equipment, net | 24,102 | 15,797 |
| Right-of-use lease assets | 19,656 | 21,561 |
| Intangible assets, net | 48,446 | 49,620 |
| Deferred tax asset, net | 625 | — |
| Other non-current assets | 7,020 | 5,574 |
| Goodwill | 57,400 | 59,277 |
| Total assets | $394,447 | $382,526 |
| Liabilities | ||
| Current | ||
| Current portion of notes payable | $— | $59 |
| Current portion lease liabilities | 5,741 | 6,094 |
| Accounts payable and accrued liabilities | 61,365 | 54,289 |
| Income tax payable | 1,389 | — |
| Other short-term liabilities | 8,728 | 10,558 |
| Total current liabilities | 77,223 | 71,000 |
| Deferred tax liability, net | — | 120 |
| Other long-term liabilities | 9,553 | 9,511 |
| Non-current portion of lease liabilities | 15,081 | 16,710 |
| Total liabilities | 101,857 | 97,341 |
| Commitments and Contingencies (Note 12) | ||
| 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; 27,705,220 and 27,682,807 issued, respectively | 28 | 28 |
| Additional paid-in-capital | 18,680 | 18,049 |
| Accumulated other comprehensive loss | (943) | (135) |
| Retained earnings | 275,684 | 265,339 |
| Treasury stock, 146,645 and 78,624 shares at cost, respectively | (5,938) | (2,999) |
| Stockholders' equity | 287,511 | 280,282 |
| Non-controlling interest | 5,079 | 4,903 |
| Total stockholders’ equity | 292,590 | 285,185 |
| Total liabilities and stockholders’ equity | $394,447 | $382,526 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.