XPEL, Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
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 EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue | ||
| Product revenue | $88,714 | $78,712 |
| Service revenue | 28,640 | 25,093 |
| Total revenue | 117,354 | 103,805 |
| Cost of Sales | ||
| Cost of product sales | 52,365 | 48,439 |
| Cost of service | 13,759 | 11,470 |
| Total cost of sales | 66,124 | 59,909 |
| Gross Margin | 51,230 | 43,896 |
| Operating Expenses | ||
| Sales and marketing | 15,163 | 11,875 |
| General and administrative | 23,056 | 20,901 |
| Total operating expenses | 38,219 | 32,776 |
| Operating Income | 13,011 | 11,120 |
| Interest expense | 4 | 75 |
| Foreign currency exchange gain | (280) | (235) |
| Income before income taxes | 13,287 | 11,280 |
| Income tax expense | 2,782 | 2,694 |
| Net income | 10,505 | 8,586 |
| Net income attributed to non-controlling interest | 160 | — |
| Net income attributable to stockholders of the Company | $10,345 | $8,586 |
| Earnings per share attributable to stockholders of the Company | ||
| Basic | $0.37 | $0.31 |
| Diluted | $0.37 | $0.31 |
| Weighted Average Number of Common Shares | ||
| Basic | 27,589 | 27,655 |
| Diluted | 27,666 | 27,676 |
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