XPEL, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting third-quarter total revenue of $137.8 million and net income attributable to stockholders of $16.3 million.

Key Highlights

  • Total revenue of $137.8 million for Q3 2026, up from $125.4 million in Q3 2025, according to the filing.
  • Net income attributable to stockholders was $16.341 million for the three months ended September 30, 2026, compared with $12.940 million in the prior-year quarter.
  • Diluted earnings per share of $0.59 for Q3 2026, versus $0.47 in Q3 2025, as reported in the condensed consolidated statements of income.
  • Nine-month total revenue of $398.216 million, compared with $353.933 million for the same period in 2025.
  • Total assets grew to $495.627 million as of September 30, 2026, from $382.526 million as of December 31, 2025.
  • Long-term debt of $42.560 million appeared on the balance sheet as of September 30, 2026, compared with zero at year-end 2025.
  • 27,516,898 shares of common stock were outstanding as of November 6, 2026, the filing stated.

XPEL's Third-Quarter 2026 Financial Results: Revenue Growth and Balance Sheet Expansion

According to the filing, XPEL, Inc. (NASDAQ:XPEL) reported total revenue of $137.809 million for the three months ended September 30, 2026, consisting of product revenue of $108.715 million and service revenue of $29.094 million. This compares with total revenue of $125.415 million in the same quarter of 2025, which included product revenue of $95.459 million and service revenue of $29.956 million. For the nine months ended September 30, 2026, total revenue was $398.216 million versus $353.933 million in the comparable prior-year period.

The company disclosed gross margin of $61.509 million for Q3 2026, up from $52.424 million in Q3 2025. Total operating expenses for the quarter were $40.431 million, compared with $35.673 million a year earlier, resulting in operating income of $21.078 million versus $16.751 million. Income tax expense for the quarter was $4.466 million, leaving net income of $16.708 million, of which $16.341 million was attributable to stockholders of the company and $367 thousand to non-controlling interest.

On the balance sheet, the filing reported total assets of $495.627 million as of September 30, 2026, up from $382.526 million at December 31, 2025. Property and equipment, net increased to $95.123 million from $15.797 million, and goodwill rose to $71.225 million from $59.277 million. Long-term debt of $42.560 million was recorded, where none existed at the prior year-end. Total stockholders' equity, including non-controlling interest, was $333.709 million. Retained earnings stood at $310.064 million as of September 30, 2026, compared with $265.339 million at December 31, 2025. The filing also noted that 206,777 treasury shares were held at cost of $8.937 million as of September 30, 2026.

What Was Disclosed

XPEL, Inc. disclosed its unaudited condensed consolidated financial results for the quarter and nine months ended September 30, 2026, covering revenue, income, balance sheet changes, and equity movements, including the addition of long-term debt and expansion of total assets.