| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 117.35 | 13.0% |
| Total Income | 117.35 | 13.0% |
| Expenditure | 104.34 | 12.6% |
| PBT | 13.29 | 17.8% |
| Net Profit | 10.35 | 20.5% |
| OPM | 11.09% | 0.38pp |
| NPM | 8.81% | 0.54pp |
| EPS | 0.37 | 19.4% |
XPEL Reports Q1 2026 Revenue Growth of 13.1% to $117.4 million
06 May 2026 · 6 May, 6:21 pm
Summary
XPEL, Inc. reported a 13.1% increase in revenue to $117.4 million for the first quarter of 2026. Gross margin improved to 43.7% compared to 42.3% in the same period last year. Net income attributable to stockholders rose by 20.5% to $10.3 million. The company anticipates second quarter 2026 revenue to be approximately $135 - $137 million.
Key Highlights
- 1
XPEL's revenue increased by 13.1% to $117.4 million in the first quarter of 2026, compared to $103.8 million in the first quarter of 2025.
- 2
The company's gross margin was 43.7% in the first quarter of 2026, compared to 42.3% in the first quarter last year.
- 3
Net income attributable to stockholders increased by 20.5% to $10.3 million, or $0.37 per basic and diluted share.
- 4
EBITDA increased by 17.8% to $17.0 million, representing 14.5% of revenue, compared to $14.4 million in the first quarter of 2025.
- 5
Total window film revenue increased 24.8% YoY and represented 19.8% of total revenue.
- 6
Cash flows provided by operations were $7.4 million in the first quarter 2026 compared to $3.2 million in the first quarter of 2025.
- 7
The Company expects second quarter 2026 revenue of approximately $135 - $137 million.
Management Comments
Ryan Pape
We delivered solid top and bottom line performance in the first quarter and we are off to a good start for the year. As we continue through 2026, we remain focused on executing on our strategic initiatives and continuing to drive operating leverage.
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