10-Q quarterly report · filed Nov 7, 2025

XPEL, Inc. (XPEL) Q3 2025 10-Q Quarterly Report

Short answer

XPEL, Inc. (XPEL) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $125M (up 11.1% year over year) with net income of $13M.

Q3 2025 key financials · XBRL

Revenue
$125M
+11.1% YoY · +0.6% QoQ
Net income
$13M
−13.1% YoY · −20.6% QoQ
Operating margin
13.4%
Gross margin
41.8%
EPS (diluted)
$0.47
−11.3% YoY · −20.3% QoQ

Source: XBRL data from the XPEL, Inc. (XPEL) Q3 2025 10-Q on SEC EDGAR. USD.

XPEL, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Exposure to US tariffs and trade policy uncertainty triggered by President Trump's 2025 executive orders, potentially reducing vehicle and accessory demand
  • Material update: Increased operational and regulatory risks from full ownership of China subsidiary, replacing prior third-party distributor model
  • Regulatory risk: Complex PRC merger & acquisition regulations require Ministry of Commerce and State Administration for Market Regulation approvals, delaying growth transactions
  • Operational risk: Rising labor costs and stricter Chinese labor law enforcement, including mandatory benefits and contracts, potentially pressuring margins and operations
  • Financial risk: RMB currency fluctuations impact cash flow and earnings as substantially all China revenues and costs are RMB-denominated, with foreign exchange losses possible

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other XPEL, Inc. quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.