XPEL at a glance
XPEL, Inc. (XPEL, SEC CIK 1767258) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 5, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), XPEL, Inc. (XPEL) reported revenue of $476.2 million (up 13.3% from FY2024) and net income of $51.2 million. Diluted EPS was $1.85.
- As of June 30, 2026, 27 institutional investment managers tracked by SignalX reported holding XPEL, Inc. (XPEL) shares worth $453.9 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $476.2M
- +13.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 27 funds
- $453.9M · −2 vs prior quarter
- Latest 8-K
- Aug 5, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Supplier of automotive protective films, coatings, and related services with focus on paint protection and window films
- Expanded manufacturing and supply chain investments to lower costs and improve quality, shifting from historical "asset-light" model in 2025
- Completed five international acquisitions (India, Thailand, Japan, China) in 2025 to enhance global footprint and direct sales in top car markets
- Employees increased to approximately 1,337 as of December 31, 2025, with 729 in the US and 608 internationally
- Emphasis on proprietary SAAS Design Access Platform with 90,000+ vehicle patterns facilitating film customization and installer efficiency
Risk Factors
- PRC regulatory risk: compliance with complex China M&A rules including Security Review Rules restricting foreign acquisitions, possibly delaying expansion efforts
- Geopolitical risk: exposure to China operations with substantial government control and potential political interference affecting business and financials
- Supply chain risk: reliance on limited or sole-source suppliers for key raw materials risking shortages, cost increases, and production delays
- Competitive risk: increased regulatory scrutiny on dealerships by FTC and state authorities potentially limiting accessory sales channels
- Key-person risk: dependence on CEO Ryan Pape and CFO Barry Wood, with neither under employment agreement, risking operational disruption if lost
Management Discussion & Analysis
- Revenue $476.2M, up 13.3% YoY; product revenue $359.9M (+12.9%), service revenue $116.3M (+14.6%)
- Gross margin stable at 42.2% total; product margin 37.8% vs 37.3%, service margin down to 56.0% vs 57.4%
- Best segment: window film revenue +21.7% to $94.5M; worst segment: cutbank credits declined 2.9% to $16.5M
- Operating cash flow $66.9M (+40% YoY); investing cash flow outflow $33.8M due to acquisitions; financing cash flow used $3.7M
- Management expects sufficient liquidity from $50.9M cash, $128.3M credit availability; risks include lease and contingent liabilities payments
AI summary of the XPEL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $143.1M, up 14.7% YoY from $124.7M
- Gross margin 44.1% vs 42.9% YoY; operating margin 16.2% vs 15.5%
- Best line paint protection film $74.8M, up 19.4%; worst cutbank credits $1.9M, down 57.6%
- China revenue $15.9M, up 106.7%; Asia Pacific revenue $22.1M, up 68.3%
- San Antonio properties purchased for $60.4M; China manufacturing facility acquired
Risk Factors
- Newly added manufacturing risk: May 15, 2026 China acquisition and San Antonio facility expansion triggered in-house PPF production risks
- Financial risk: Specialized equipment, facilities, inventory, and personnel could strain liquidity and impair returns on capital investments
- Regulatory risk: Chemical manufacturing requires federal, state, local, and Chinese permits, with noncompliance potentially causing shutdowns and penalties
- Operational risk: Third-party-to-in-house transition may create production shortfalls, quality inconsistencies, and customer supply disruptions
- China market risk: Rising labor, energy, environmental, compliance, and logistics costs could reduce manufacturing margins
AI summary of the XPEL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 and first-half 2026 consolidated financial results announced for periods ended June 30, 2026
- Detailed results and management commentary contained in Exhibit 99.1
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Mark Thornton resigned from XPEL’s Board effective July 30, 2026
- Departure driven by employer policy, not disagreement with XPEL’s operations, policies, or practices
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders re-elected all six director nominees to one-year terms, preserving board continuity
- Stacy L. Bogart faced the strongest shareholder resistance, with 6,466,683 votes withheld
AI summaries of XPEL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for XPEL
Don't miss the next XPEL filing
- Alerts as it files. A push when XPEL files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut XPEL, by share count.
- Ask anything. An AI agent that reads every XPEL filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Crumly Richard K. | M | Oct 5, 2026 | 441 | - |
| Klonne Mike | M | Oct 5, 2026 | 441 | - |
| Crumly Richard K. | M | Oct 5, 2026 | 441 | - |
| Klonne Mike | M | Oct 5, 2026 | 441 | - |
| BOGART STACY L | M | Sep 10, 2026 | 441 | - |
| North John F | M | Sep 10, 2026 | 441 | - |
| BOGART STACY L | M | Sep 10, 2026 | 441 | - |
| North John F | M | Sep 10, 2026 | 441 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $420.4M | $476.2M |
| Gross Profit | - | $177.4M | $201.0M |
| Operating Income | - | $59.1M | $62.6M |
| Net Income | - | $45.5M | $51.2M |
| Gross Margin | - | 42.2% | 42.2% |
| Op. Margin | - | 14.1% | 13.2% |
| Net Margin | - | 10.8% | 10.8% |
| Balance Sheet | |||
| Total Assets | $252.0M | $285.6M | $382.5M |
| Equity | $180.0M | $225.5M | $280.3M |
| ROE | - | 20.2% | 18.3% |
| Per Share | |||
| EPS | - | $1.65 | $1.85 |
| Cash Flow | |||
| Operating CF | - | $47.8M | $66.9M |
| CapEx | - | $6.7M | $4.0M |
Source: XBRL data in XPEL, Inc. (XPEL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate XPEL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 27 | $453.9M |
| Q1 2026 | 29 | $402.0M |
| Q4 2025 | 27 | $467.9M |
| Q3 2025 | 26 | $307.1M |
| Q2 2025 | 27 | $318.6M |
| Q1 2025 | 22 | $122.1M |
| Q4 2024 | 17 | $148.3M |
| Q3 2024 | 16 | $96.9M |
- BlackRock+134.3K (+4%)
- Vanguard Portfolio Management LLC+54.3K (+11%)
- State Street Corp+44.5K (+5%)
- Morgan Stanley+35.0K (+14%)
- Northern Trust+17.6K (+7%)
- Goldman Sachs Group−70.9K (-42%)
- D.E. Shaw & Co−55.8K (-41%)
- Renaissance Technologies LLC−37.1K (-44%)
- Bank of America Corp−31.8K (-32%)
- Invesco Ltd−14.5K (-17%)
- Millennium Management−72.4K
- Two Sigma Investments−7.7K
Source: 13F-HR filings on SEC EDGAR (aggregated from 191 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
XPEL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 4 | Sep 11, 2026 | - | - | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 4 | Jul 31, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | May 20, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 6, 2026 | - | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 4 | Mar 18, 2026 | - | - | - |
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XPEL SEC filings: frequently asked questions
Which institutions hold XPEL stock?
As of June 30, 2026, the largest XPEL, Inc. (XPEL) holders among the 13F filers tracked by SignalX were BlackRock ($190.1 million), Vanguard Capital Management LLC ($52.1 million), State Street Corp ($48.2 million), WESTWOOD HOLDINGS GROUP INC ($40.2 million), Vanguard Portfolio Management LLC ($26.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was XPEL's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), XPEL, Inc. (XPEL) reported revenue of $476.2 million (up 13.3% from FY2024) and net income of $51.2 million. Diluted EPS was $1.85. The figures come from the XBRL data in the 10-K.
What are the main risks in XPEL's latest 10-K?
In the 10-K filed February 27, 2026, XPEL, Inc. (XPEL) flagged: PRC regulatory risk: compliance with complex China M&A rules including Security Review Rules restricting foreign acquisitions, possibly delaying expansion efforts. Geopolitical risk: exposure to China operations with substantial government control and potential political interference affecting business and financials. (AI summary of the Risk Factors section.)
What did XPEL report in its latest 8-K?
XPEL, Inc. (XPEL) filed an 8-K on August 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 and first-half 2026 consolidated financial results announced for periods ended June 30, 2026.
What are the latest XPEL SEC filings?
XPEL, Inc. (XPEL) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on August 5, 2026 and a Form 4 insider filing on October 5, 2026.
What is XPEL's SEC CIK number?
XPEL, Inc. (XPEL)'s SEC Central Index Key (CIK) is 1767258. EDGAR lists every XPEL filing under that number.
Ask anything about XPEL
The research agent reads XPEL's filings, financials, insider trades and 13F holders, then answers with sources.