XPEL Inc. reports third quarter revenue of $125.4 million and net income of $13.1 million

Reuters11-05

XPEL Inc. reports third quarter revenue of $125.4 million and net income of $13.1 million

XPEL Inc. reported revenue of $125.4 million for the third quarter of 2025, an increase of 11.1% compared to the same period in 2024. Gross margin for the quarter was 41.8%. EBITDA decreased by 8.1% to $19.9 million, representing 15.9% of revenue, down from $21.7 million or 19.2% of revenue in the third quarter of 2024. Net income declined 11.8% to $13.1 million, or $0.47 per basic and diluted share, compared to $14.9 million, or $0.54 per share in the prior-year quarter. For the first nine months of 2025, revenue rose 13.1% to $353.9 million, gross margin was 42.3%, and EBITDA increased 4.6% to $57.8 million. Net income for the nine-month period was $37.9 million, up 3.7% from the prior year. XPEL announced plans to invest $75 million to $150 million over the next two years in manufacturing and supply chain initiatives, aiming to increase gross margin to 52%-54% and operating margin to the mid to high 20% range by the end of 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XPEL Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251105973765) on November 05, 2025, and is solely responsible for the information contained therein.

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Gross margin for the quarter was 41.8%. EBITDA decreased by 8.1% to $19.9 million, representing 15.9% of revenue, down from $21.7 million or 19.2% of revenue in the third quarter of 2024. Net income declined 11.8% to $13.1 million, or $0.47 per basic and diluted share, compared to $14.9 million, or $0.54 per share in the prior-year quarter. For the first nine months of 2025, revenue rose 13.1% to $353.9 million, gross margin was 42.3%, and EBITDA increased 4.6% to $57.8 million. Net income for the nine-month period was $37.9 million, up 3.7% from the prior year. 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