XPEL Reports $476.2M Revenue in 2025

By Chris Stiles • Friday, February 27 11:58 • Permanent Link

XPEL, Inc. has recently released its 10-K report, revealing its financial performance for the years ended December 31, 2025, 2024, and 2023. The company, headquartered in San Antonio, Texas, specializes in manufacturing, installing, selling, and distributing protective films, coatings, and related services, primarily to the automobile aftermarket, new car dealerships, and OEMs. XPEL operates in various regions globally, including the United States, China, Canada, Continental Europe, the United Kingdom, the Asia Pacific, Latin America, and the Middle East/Africa.

In 2025, XPEL reported total revenue of $476.2 million, representing a 13.3% increase from 2024. The company's gross margin for 2025 was $201 million, accounting for 42.2% of total revenue. Additionally, the net income for 2025 amounted to $51.6 million, reflecting a 13.4% increase from the previous year.

The breakdown of revenue for 2025 shows that product revenue increased by 12.9% to $359.9 million, with paint protection film contributing 52.4% of the total product revenue. Service revenue also experienced growth, reaching $116.3 million, a 14.6% increase from the prior year.

XPEL's geographical revenue distribution for 2025 indicates that the United States accounted for 55.8% of total revenue, followed by Canada at 10.4%. The company's expansion in China led to a 65.3% revenue growth in the Asia Pacific region.

The company's non-GAAP financial measure, EBITDA, for 2025 was $77.4 million, representing 16.3% of total revenue. XPEL's liquidity and capital resources at the end of 2025 included $50.9 million in cash and cash equivalents, with approximately $128.3 million available under its credit facilities. The company reported cash flows provided by operations of $66.9 million for 2025, indicating a significant increase from the previous year.

XPEL's financial report reflects its continued growth and expansion across various product lines and geographical regions, positioning the company as a key player in the protective films and coatings industry. The market has reacted to these announcements by moving the company's shares -0.09% to a price of $54.25. For the full picture, make sure to review XPEL's 10-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.