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XPEL, Inc. XPEL Cutbank credits — Total Revenue

Other product segments

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Window film
$32.46M+16.1%
Installation labor
$25.33M+12.8%
Software
$2.26M+3.6%
Other
$1.88M+144%

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Other financials

Income statement

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Revenue$143.1M+14.7%
Gross profit$63.1M+18.0%
Operating income$23.2M+20.3%
Net income$18.0M+10.7%
EPS (diluted)$0.65+10.2%

Balance sheet

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Cash & equivalents$40.7M-18.0%
Total debt$63.6M+193%
Total equity$306.1M+19.7%
Total assets$472.6M+48.6%

Cash flow

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Operating cash flow$30.8M+10.4%
CapEx$65.1M+6,804%
Free cash flow-$34.3M-227%

Valuation

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Market cap$1.31B+37.6%
Enterprise value$1.34B+44.3%
P/E24×+4.4×
P/S2.6×+0.5×

Profitability

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Gross margin42.9%+0.8pp
Operating margin13.5%-0.1pp
Net margin10.8%-0.1pp
FCF margin-0.6%-12.2pp

Returns & leverage

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Return on equity19.5%-1.8pp
Debt / equity0.2×+0.1×
Current ratio2.6×-1.8×

Where this comes from

Reported directly by XPEL, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: XPEL, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 8:49 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001767258-26-000074
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total$111,674$94,795$200,388$173,507
Service Revenue
Software$2,258$2,180$4,484$4,299
Cutbank credits1,9184,5234,0138,195
Installation labor25,32822,44848,43341,098
Other1,8757673,0891,419
Total$31,379$29,918$60,019$55,011
Total$143,053$124,713$260,407$228,518

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is XPEL, Inc.'s cutbank credits — total revenue?
XPEL, Inc. (XPEL) reported cutbank credits — total revenue of $1.92M in Q2 2026.
How has XPEL, Inc.'s cutbank credits — total revenue changed year-over-year?
XPEL, Inc.'s cutbank credits — total revenue decreased by 57.6% year-over-year, from $4.52M to $1.92M.
What is the long-term trend for XPEL, Inc.'s cutbank credits — total revenue?
Over 4 years (2021 to 2025), XPEL, Inc.'s cutbank credits — total revenue has grown at a 7.5% compound annual growth rate (CAGR), from $12.37M to $16.53M.
What does cutbank credits — total revenue mean?
This metric represents the total revenue generated from the company's proprietary software-based service offerings, specifically related to digital pattern cutting credits. It reflects the adoption and utilization of the company's design access software by its network of installers. This revenue stream serves as a key indicator of the company's recurring service model and the integration of its software ecosystem within its broader product portfolio.

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