---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-22-000011"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:46:35.479148+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPEL reports record Q4 revenue of $70.1M (+44.3% YoY); full-year revenue $259.3M (+63.1%)

## Summary
- Full-year net income $31.6M ($1.14/sh) vs $18.3M ($0.66/sh) in 2020; EBITDA grew 74.5% to $44.1M.
- Organic revenue growth of 27.0% in Q4 and 52.9% for full year 2021.
- Q4 EBITDA $10.0M (14.2% of revenue) down from 16.6% in Q4 2020; adjusted for $1.8M labor costs and $0.8M inventory move costs, EBITDA would have been $12.6M (18% of revenue).
- Gross margin improved to 35.2% in Q4 vs 32.8% in prior year quarter; full year 35.7% vs 34.0%.
- Closed and integrated seven acquisitions during the year; expects benefit from rebuild of new car inventory in 2022.

## SEC filing metadata
- accession: 0001767258-22-000011
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000176725822000011/0001767258-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725822000011/xpel-20220228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-22-000011
- JSON: https://secwatch.observer/filing/0001767258-22-000011.json
- Plain text: https://secwatch.observer/filing/0001767258-22-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.