The financials
XPEL, Inc. by the numbers
XPEL, Inc. (XPEL) reported revenue of $117M in Q1 2026 (quarter ended March 31, 2026), up 13% from the same quarter a year earlier. That came with a gross margin of 44% and net income of $10M (8.8% of revenue). For the full year FY2025, revenue was $476M (+13% year on year) and net income $51M. Its largest region in 2026-Q2 was North America at $94M, 79% of the disclosed total, just ahead of Asia Pacific at 18%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $117M | $104M | +13% |
| Gross profit | $51M | $44M | +17% |
| Operating income | $13M | $11M | +17% |
| Net income | $10M | $8.6M | +20% |
| Diluted EPS | $0.37 | $0.31 | +19% |
| Geographic | Revenue | Share |
|---|---|---|
| North America | $94M | 79% |
| Asia Pacific | $22M | 18% |
| Latin America | $3.2M | 2.7% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $119.7M (+29%)
Asia Pacific grew +68% year on yearNorth America +12% year on year
Segment Latestquarter on quarteryear on year
- North America$94.4M$94.4MQoQ +31%year on year +12%+31%+12%
- Asia Pacific$22.1M$22.1MQoQ +27%year on year +68%+27%+68%
- Latin America$3.2M$3.2MQoQ +3.7%year on year +13%+3.7%+13%