--- title: "XPEL Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 143.05 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294963490.md" datetime: "2026-08-05T12:04:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294963490.md) - [en](https://longbridge.com/en/news/294963490.md) - [zh-HK](https://longbridge.com/zh-HK/news/294963490.md) --- # XPEL Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 143.05 M Revenue: As of FY2026 Q2, the actual value is USD 143.05 M, beating the estimate of USD 135.09 M. EPS: As of FY2026 Q2, the actual value is USD 0.65, beating the estimate of USD 0.6033. EBIT: As of FY2026 Q2, the actual value is USD 23.62 M. The provided reference includes financial highlights for XPEL, Inc. for the second quarter and first six months ended June 30, 2026. The initial Form 8-K filing itself does not detail specific financial or operational metrics, but refers to an attached Exhibit 99.1 which is not provided for analysis . ### Second Quarter 2026 Financial Highlights #### Revenue XPEL, Inc. reported total revenue of $143.1 million in the second quarter of 2026, an increase of 14.7% compared to $124.7 million in the second quarter of 2025 . **Geographical Revenue (Three Months Ended June 30, 2026 vs. 2025):** United States revenue was $78,586 thousand, an 11.7% increase from $70,380 thousand . Canada revenue was $15,795 thousand, a 10.8% increase from $14,254 thousand . North America revenue totaled $94,381 thousand, an 11.5% increase from $84,634 thousand . China revenue surged by 106.7% to $15,924 thousand from $7,705 thousand . Asia Other revenue grew 13.8% to $6,178 thousand from $5,428 thousand . Asia Pacific revenue was $22,102 thousand, representing a 68.3% increase from $13,133 thousand . EU, UK, and Africa revenue decreased by -2.3% to $16,961 thousand from $17,360 thousand . India and Middle East revenue decreased by -5.0% to $6,410 thousand from $6,746 thousand . Latin America revenue increased by 12.6% to $3,199 thousand from $2,840 thousand . **Product and Service Revenue (Year-over-Year):** Adjusted product revenue increased 14.4% . Total window film revenue increased 16.1% and represented 22.7% of total revenue . Normalized total service revenue increased 16.0% . Total installation revenue grew 10.8% . #### Operational Metrics Gross margin for the second quarter of 2026 was 44.1%, up from 42.9% in the same period last year . Gross margin in absolute terms was $63,140 thousand in 2026, an 18.0% increase from $53,517 thousand in 2025 . Operating expenses increased 16.7% year-over-year to $39,925 thousand, representing 27.9% of total revenue . Sales and marketing expenses rose 29.7% year-over-year to $15,386 thousand, accounting for 10.8% of revenue . General and administrative expenses increased 9.8% year-over-year to $24,539 thousand, representing 17.2% of revenue . Operating income was $23,215 thousand in 2026, compared to $19,298 thousand in 2025 . Interest expense was $262 thousand, up from $7 thousand in the prior year . Foreign currency exchange gain was - $403 thousand, compared to - $1,039 thousand in the previous year . Income before income taxes was $23,356 thousand in 2026, up from $20,330 thousand in 2025 . Income tax expense was $5,053 thousand, compared to $4,122 thousand in 2025 . Net income was $18,303 thousand in 2026, compared to $16,208 thousand in 2025 . Net income attributable to non-controlling interest was $264 thousand in 2026, compared to - $82 thousand in 2025 . Net income attributable to stockholders of the company increased 10.7% to $18,039 thousand from $16,290 thousand year-over-year . Adjusted net income attributable to stockholders increased 15.6% to $18,825 thousand . EBITDA increased 17.6% to $27,559 thousand, or 19.3% of revenue, compared to $23,432 thousand, or 18.8% of revenue, in the second quarter of 2025 . Adjusted EBITDA grew 20.7% to $28,292 thousand or 19.8% of revenue . #### Cash Flow Net cash provided by operating activities was $30,789 thousand in the second quarter of 2026, an increase of 10.4% from $27,888 thousand in the second quarter of 2025 . Net cash used in investing activities was - $72,883 thousand in the second quarter of 2026, significantly higher than - $1,347 thousand in the prior year, primarily due to manufacturing investments in San Antonio and China . Purchases of property, plant and equipment amounted to - $65,105 thousand in 2026, compared to - $943 thousand in 2025 . Acquisition of businesses, net of cash acquired, was - $7,136 thousand in 2026, compared to - $143 thousand in 2025 . Net cash provided by financing activities was $38,300 thousand in 2026, compared to - $89 thousand in 2025 . Borrowings of debt were $44,800 thousand in 2026 . Payments of deferred acquisition consideration were - $6,361 thousand . The net change in cash and cash equivalents was - $3,794 thousand in 2026, compared to $26,452 thousand in 2025 . Cash and cash equivalents at the end of the period were $40,675 thousand . #### Unique Metrics Other Short Term Liabilities increased primarily due to the remaining purchase price payable for the acquisition of a manufacturing facility in China . ### First Six Months 2026 Financial Highlights #### Revenue XPEL, Inc.’s total revenue for the first six months of 2026 increased 14.0% to $260.4 million compared to $228.5 million in the same period in 2025 . #### Operational Metrics Gross margin for the first six months of 2026 was 43.9%, up from 42.6% in the first six months of last year . Operating income was $36,226 thousand in 2026, compared to $30,418 thousand in 2025 . Interest expense was $266 thousand, compared to $83 thousand in the prior year . Foreign currency exchange gain was - $683 thousand, compared to - $1,275 thousand in the previous year . Income before income taxes was $36,643 thousand in 2026, up from $31,610 thousand in 2025 . Income tax expense was $7,836 thousand, compared to $6,816 thousand in 2025 . Net income was $28,807 thousand in 2026, compared to $24,794 thousand in 2025 . Net income attributable to non-controlling interest was $423 thousand in 2026, compared to - $82 thousand in 2025 . Net income attributable to stockholders of the company increased 14.1% to $28,384 thousand from $24,876 thousand in the first six months of 2025 . EBITDA increased 17.7% to $44,531 thousand, or 17.1% of revenue, compared to $37,845 thousand, or 16.6% of revenue, in the first six months of 2025 . #### Cash Flow Net cash provided by operating activities was $38,168 thousand in the first six months of 2026, compared to $31,117 thousand in the same period of 2025 . Net cash used in investing activities was - $82,776 thousand in the first six months of 2026, compared to - $2,903 thousand in 2025 . Purchases of property, plant and equipment amounted to - $74,820 thousand in 2026, compared to - $1,946 thousand in 2025 . Acquisition of businesses, net of cash acquired, was - $7,136 thousand in 2026, compared to - $184 thousand in 2025 . Net cash provided by financing activities was $34,729 thousand in 2026, compared to - $259 thousand in 2025 . Borrowings of debt were $44,800 thousand in 2026 . Payments of deferred acquisition consideration were - $6,631 thousand . Purchases of treasury shares were - $2,939 thousand . The net change in cash and cash equivalents was - $9,879 thousand in 2026, compared to $27,955 thousand in 2025 . Cash and cash equivalents at the end of the period were $40,675 thousand . ### Outlook XPEL, Inc. expects third quarter 2026 revenue to be approximately $137 million to $139 million . 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