XPEL, Inc. (NASDAQ: XPEL) has announced its consolidated financial results for the fourth quarter and year-end 2025. The company reported a 13.7% increase in revenue to $122.3 million in the fourth quarter of 2025 compared to $107.5 million in the same period in 2024. Gross margin for the fourth quarter of 2025 was 41.9%, up from 40.6% in the fourth quarter of 2024. Additionally, EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 37.6% to $19.6 million, representing 16.0% of revenue, compared to $14.3 million, or 13.3% of revenue in the fourth quarter of 2024.
Net income attributable to stockholders of the company increased by 50.7% to $13.4 million in the fourth quarter of 2025, compared to $8.9 million in the same period in 2024. For the full year 2025, revenue increased by 13.3% to $476.2 million compared to $420.4 million in the prior year. The gross margin for 2025 remained consistent with the previous year at 42.2%.
Net income attributable to stockholders of the company for the full year 2025 was $51.2 million, or $1.85 per basic and diluted share, compared to $45.5 million, or $1.65 per basic and diluted share in 2024. EBITDA for the full year 2025 was $77.4 million, representing 16.3% of revenue, compared to $69.5 million, or 16.5% of revenue in 2024.
In terms of geographical revenue, the company reported growth in various regions. The United States saw a revenue increase of 11.0% year-over-year, while China experienced a substantial 51.9% increase in revenue for the fourth quarter of 2025 compared to the same period in 2024. The company also provided an outlook for the first quarter of 2026, expecting revenue of approximately $112 * $114 million.
Following these announcements, the company's shares moved -0.09%, and are now trading at a price of $54.25. Check out the company's full 8-K submission here.
