XPEL: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	476m	420m
Cost of revenue	275m	243m
Gross profit	201m	177m
Selling, general and administrative	87m	75m
Operating expenses	138m	118m
Operating income	63m	59m
Pre-tax income	64m	57m
Income tax	12m	11m
Net income	51m	45m
Earnings per share	1.85	1.65
Earnings per share, diluted	1.85	1.65
Weighted average shares	28m	28m
Weighted average shares, diluted	28m	28m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	45m	51m	64m	50m	24m	22m	21m	15m
Receivables	54m	50m	37m	38m	33m	29m	30m	29m
Inventory	132m	123m	129m	104m	115m	111m	102m	98m
Current assets	237m	231m	235m	197m	178m	168m	159m	148m
Property, plant and equipment	24m	16m	16m	17m	17m	18m	18m	18m
Goodwill	57m	59m	52m	47m	44m	44m	43m	43m
Total assets	394m	383m	388m	318m	295m	286m	273m	262m
Current liabilities	77m	71m	84m	45m	42m	42m	37m	31m
Total liabilities	102m	97m	114m	62m	59m	60m	54m	60m
Equity	288m	280m	269m	256m	235m	225m	219m	202m
Shares outstanding	28m	28m	28m	28m	28m	28m	28m	28m
Shares issued	28m	28m	28m	28m	28m	28m	28m	28m
Treasury shares	146,645	78,624	—	—	—	0	—	—

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	67m	48m
Depreciation and amortisation	6m	6m
Share-based compensation	3m	3m
Capital expenditure	4m	7m
Investing cash flow	−34m	−18m
Share buybacks	3m	0
Financing cash flow	−4m	−19m