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XPEL Reports Record Revenue of $143.1 million; Revenue Growth of 14.7% in Second Quarter 2026

XPEL
  • XPEL, Inc. reported second quarter 2026 revenue of $143.1 million, a 14.7% increase compared to $124.7 million in the second quarter of 2025.
  • Gross margin for the second quarter of 2026 was 44.1%, up from 42.9% in the same period last year.
  • Net income attributable to stockholders rose 10.7% to $18.0 million, or $0.65 per share, compared to $16.3 million, or $0.59 per share in 2025.
  • Adjusted net income increased 15.6% to $18.8 million, resulting in adjusted earnings per share of $0.68.
  • EBITDA grew 17.6% to $27.6 million (19.3% of revenue), while adjusted EBITDA increased 20.7% to $28.3 million (19.8% of revenue).
  • First six months of 2026 revenue totaled $260.4 million, representing a 14.0% increase over the $228.5 million reported in the same period of 2025.
  • Net income for the first six months of 2026 increased 14.1% to $28.4 million, or $1.03 per share.
  • Cash flows used in investing activities reached $72.9 million in the second quarter, primarily driven by manufacturing investments in San Antonio & China.
  • Geographical revenue in China surged 106.7% year-over-year, while North America revenue grew 11.5%.
  • Total window film revenue increased 16.1% year-over-year, accounting for 22.7% of total revenue.
  • Sales & marketing expenses increased 29.7% year-over-year, while general & administrative expenses rose 9.8%.
  • The company expects third quarter 2026 revenue to be approximately $137 million to $139 million.
  • XPEL will host a conference call on August 5, 2026, at 8:30 a.m. Eastern Time to discuss these results.