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XPEL Reports Revenue Growth of 13.1% to $117.4 million, EBITDA Growth of 17.8% to $17.0 million in First Quarter 2026

XPEL
  • XPEL reported first quarter 2026 revenue of $117.4 million, a 13.1% increase from $103.8 million in the same period last year.
  • Net income attributable to stockholders rose 20.5% to $10.3 million, or $0.37 per basic and diluted share, compared to $8.6 million or $0.31 per share in Q1 2025.
  • Gross margin improved to 43.7% in Q1 2026 from 42.3% in Q1 2025, while EBITDA increased 17.8% to $17.0 million.
  • Total revenue grew 13.1% year-over-year, driven by a 24.8% increase in window film revenue, a 24.3% rise in installation revenue, and a 14.1% jump in service revenue.
  • United States revenue increased 9.9% year-over-year to $63.8 million, while China revenue surged 44.4% to $11.7 million.
  • Operating expenses increased 16.6% year-over-year to $38.2 million, with sales and marketing expenses rising 27.7% to $15.2 million.
  • Net cash provided by operating activities reached $7.4 million in Q1 2026, a 128.6% increase from $3.2 million in the prior year period.
  • The Company expects second quarter 2026 revenue to be between $135 million and $137 million.
  • A conference call to discuss these results is scheduled for May 6, 2026, at 11:00 a.m. Eastern Time.
  • Preliminary financial results are subject to adjustments upon completion of the quarter-end financial close, with full details to be filed on Form 10-Q by May 8, 2026.