---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-22-000072"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:42:50.763489+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPEL reports record Q3 revenue of $89.8M, net income up 59.9% to $13.3M

## Summary
- Revenue rose 31% YoY to $89.8M; gross margin improved to a record 39.8% from 35.7%.
- Net income of $13.3M ($0.48 EPS) vs. $8.3M ($0.30 EPS) in Q3 2021.
- EBITDA grew 66% to $18.9M (21.1% of revenue) compared to $11.4M (16.6%) last year.
- First nine months revenue $245.5M (+29.8%); net income $33.0M ($1.20 EPS) vs. $25.4M ($0.92 EPS).
- CEO cites strong performance across most regions despite economic uncertainty.

## SEC filing metadata
- accession: 0001767258-22-000072
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2022-11-09T23:59:59+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/1767258/000176725822000072/0001767258-22-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725822000072/xpel-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-22-000072
- JSON: https://secwatch.observer/filing/0001767258-22-000072.json
- Plain text: https://secwatch.observer/filing/0001767258-22-000072.txt

## Key facts
- Earnings Releases
  XPEL, Inc. reported the nine months ended September 30, 2022 results: revenue $245.5 million, net income $33.0 million, or $1.20 per share.
  - Period: the nine months ended September 30, 2022
  - Revenue: $245.5 million
  - Net income: $33.0 million, or $1.20 per share
  - Result: reported results
  source text: Amortization) grew 66.0% to $18.9 million, or 21.1% of revenues compared to $11.4 million in third quarter 2021. 1 First Nine Months Highlights: • Revenues increased 29.8% to $245.5 million in the first nine months of 2022. • Gross margin percentage improved to 39.3% in the first nine months of 2022. • Net income grew 30.2% to $33.0 million, or $1.20 per share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725822000072/0001767258-22-000072-index.htm
- Earnings Releases
  XPEL, Inc. reported the third quarter ended September 30, 2022 results: revenue $89.8 million, net income $13.3 million, or $0.48 per share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $89.8 million
  - Net income: $13.3 million, or $0.48 per share
  - Result: reported results
  source text: films and coatings, today announced results for the third quarter and nine months ended September 30, 2022. Third Quarter 2022 Highlights: • Revenues increased 31.0% to a record $89.8 million in the third quarter. • Gross margin percentage improved to 39.8% in the third quarter, a new high for the Company. • Net income grew 59.9% to $13.3 million, or $0.48 per share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725822000072/0001767258-22-000072-index.htm

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