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XPEL, Inc. XPEL Product revenue — Total Revenue

Other product segments

Paint protection film
$61.66M+9.3%
Window film
$23.26M+24.8%
Installation labor
$23.11M+23.9%
Software
$2.23M+5.1%
Cutbank credits
$2.1M-43.0%
Other
$1.21M+86.2%

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Other financials

Income statement

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Revenue$117.4M+13.1%
Gross profit$51.2M+16.7%
Operating income$13.0M+17.0%
Net income$10.3M+20.5%
EPS (diluted)$0.37+19.4%

Balance sheet

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Cash & equivalents$45.1M+91.6%
Total debt$20.8M-1.0%
Total equity$287.5M+22.1%
Total assets$394.4M+33.8%

Cash flow

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Operating cash flow$7.4M+129%
CapEx$9.7M+869%
Free cash flow-$2.3M-205%

Valuation

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Market cap$1.26B+26.3%
Enterprise value$1.24B+24.2%
P/E23.8×+2.7×
P/S2.6×+0.3×

Profitability

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Gross margin42.5%+0.3pp
Operating margin13.2%-0.9pp
Net margin10.8%-0.1pp
FCF margin11.9%+0.3pp

Returns & leverage

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Return on equity20.3%-2.2pp
Debt / equity0.1×0.0×
Current ratio3.1×-1.2×

Where this comes from

Reported directly by XPEL, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: XPEL, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is XPEL, Inc.'s product revenue — total revenue?
XPEL, Inc. (XPEL) reported product revenue — total revenue of $88.71M in Q1 2026.
How has XPEL, Inc.'s product revenue — total revenue changed year-over-year?
XPEL, Inc.'s product revenue — total revenue increased by 12.7% year-over-year, from $78.71M to $88.71M.
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.