XPEL, Inc. reported significant financial growth in its latest quarterly results, with total revenue reaching $143.1 million for the three months ended June 30, 2026, a 14.7% increase from $124.7 million in the same period last year. For the first half of 2026, revenue totaled $260.4 million, up 14.0% from $228.5 million in the prior year. The company’s net income also saw a notable rise, increasing by 12.9% to $18.3 million for the second quarter and by 16.2% to $28.8 million for the first half of the year. Earnings per share for the second quarter were $0.65, compared to $0.59 in the previous year.
The company experienced growth across its product lines, particularly in paint protection film, which generated $74.8 million in revenue for the second quarter, a 19.4% increase year-over-year. Service revenue also grew, albeit at a slower pace, with a 4.9% increase to $31.4 million in the second quarter. The growth in product revenue was attributed to increased demand in both the U.S. and international markets, particularly following the acquisition of a distributor in China, which has enhanced XPEL's direct presence in that region.
In terms of operational developments, XPEL made strategic investments, including the acquisition of a manufacturing facility in China for $21.4 million and the purchase of a four-building site in San Antonio, Texas, for $60.4 million. These acquisitions are part of the company's strategy to enhance its manufacturing capabilities and supply chain efficiency. The company also reported an increase in its employee headcount, reflecting its expansion efforts and operational growth.
Geographically, XPEL's revenue from China surged by 106.7% in the second quarter, driven by heightened customer demand and the recognition of direct revenues from its distributor acquisition. The U.S. market also showed growth, with a revenue increase of 11.7%. However, revenue from Europe slightly declined due to timing issues with distributor sales and geopolitical factors affecting the region. Overall, XPEL's strategic focus on expanding its market presence and enhancing its operational capabilities appears to be yielding positive results.
Looking ahead, XPEL remains optimistic about its growth trajectory, supported by its strong financial position, which includes $40.7 million in cash and cash equivalents as of June 30, 2026. The company anticipates continued revenue growth driven by increased product adoption and expansion into new markets. XPEL's management is focused on leveraging its recent acquisitions to improve operational efficiencies and enhance profitability, positioning the company for sustained success in the competitive automotive aftermarket industry.
About XPEL, Inc.
XPEL, Inc. specializes in manufacturing and distributing protective films, coatings, and related services primarily for the automotive aftermarket, OEMs, and architectural applications. Its core products include paint protection films, window tints, windshield protection, and architectural films. The company leverages proprietary software, installation services, and a global distribution network to serve independent installers, dealerships, and OEMs, emphasizing brand strength, innovation, and strategic expansion.
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