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XPEL, Inc. XPEL Product revenue — Total Revenue

Other product segments

Paint protection film
$74.82M+19.4%
Window film
$32.46M+16.1%
Installation labor
$25.33M+12.8%
Software
$2.26M+3.6%
Cutbank credits
$1.92M-57.6%
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
Revenue
Product revenue$111,674$94,795$200,388$173,507
Service revenue31,37929,91860,01955,011
Total revenue143,053124,713260,407228,518
Cost of Sales
Cost of product sales65,46258,190117,828106,630
Cost of service14,45113,00628,20924,475
Total cost of sales79,91371,196146,037131,105

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is XPEL, Inc.'s product revenue — total revenue?
XPEL, Inc. (XPEL) reported product revenue — total revenue of $111.67M in Q2 2026.
How has XPEL, Inc.'s product revenue — total revenue changed year-over-year?
XPEL, Inc.'s product revenue — total revenue increased by 17.8% year-over-year, from $94.8M to $111.67M.
What is the long-term trend for XPEL, Inc.'s product revenue — total revenue?
Over 4 years (2021 to 2025), XPEL, Inc.'s product revenue — total revenue has grown at a 13.4% compound annual growth rate (CAGR), from $217.28M to $359.86M.
What does product revenue — total revenue mean?
This metric represents the total gross revenue generated specifically from the sale of physical goods, such as protective films and coatings. It reflects the company's ability to monetize its core product portfolio and serves as a primary indicator of market demand for its protective surface solutions. Tracking this revenue stream helps investors assess the scale and growth trajectory of the company's tangible product offerings.

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