XPEL, Inc. filed its quarterly report on Form 10-Q with the SEC on August 7, 2026, covering the three and six months ended June 30, 2026, disclosing continued revenue growth across its product and service segments along with a significant increase in total assets.

Key Highlights

  • Total revenue: $143,053 thousand for the three months ended June 30, 2026, compared to $124,713 thousand in the same period of 2025.
  • Net income attributable to stockholders: $18,039 thousand for Q2 2026, up from $16,290 thousand in Q2 2025.
  • Six-month revenue: $260,407 thousand for the first half of 2026, versus $228,518 thousand in the first half of 2025.
  • Total assets: $472,648 thousand as of June 30, 2026, compared to $382,526 thousand as of December 31, 2025.
  • Long-term debt: $43,456 thousand as of June 30, 2026, versus zero at December 31, 2025.
  • Shares outstanding: 27,570,748 shares of common stock as of August 7, 2026, according to the filing cover page.
  • Diluted earnings per share: $0.65 for Q2 2026, compared to $0.59 in Q2 2025.

XPEL's Second-Quarter 2026 Financial Results and Balance Sheet Changes

According to the filing, XPEL, Inc. (NASDAQ: XPEL), a Nevada-incorporated company headquartered in San Antonio, Texas, reported total revenue of $143,053 thousand for the three months ended June 30, 2026. The company generates revenue from two streams: product revenue, which reached $111,674 thousand in Q2 2026 versus $94,795 thousand in Q2 2025, and service revenue of $31,379 thousand versus $29,918 thousand in the prior-year period. XPEL markets automotive paint protection film, window film, and related installation services through a network that spans multiple international markets.

The filing reported gross margin of $63,140 thousand for Q2 2026, compared to $53,517 thousand in Q2 2025. Operating income was $23,215 thousand for the quarter, up from $19,298 thousand a year earlier. For the six months ended June 30, 2026, net income attributable to stockholders was $28,384 thousand, versus $24,876 thousand in the comparable 2025 period. Basic and diluted earnings per share for the six-month period were each $1.03, compared to $0.90 in the prior year, according to the filing.

On the balance sheet, total assets grew to $472,648 thousand as of June 30, 2026, from $382,526 thousand at December 31, 2025. The filing noted that property and equipment, net, rose to $104,460 thousand from $15,797 thousand over the same period. Long-term debt of $43,456 thousand appeared on the June 30, 2026 balance sheet, compared to none at year-end 2025. Treasury stock increased to 146,645 shares at a cost of $5,938 thousand, reflecting purchases during the first half of 2026. A minority interest contribution of $7,105 thousand was also recorded in the six-month period, with non-controlling interest totaling $12,431 thousand at quarter-end.

What Was Disclosed

XPEL's 10-Q for the period ended June 30, 2026 disclosed quarterly and six-month income statement results, balance sheet data reflecting higher total assets and new long-term debt, earnings per share figures, and changes in stockholders' equity including treasury stock purchases and a minority interest contribution.