---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-23-000013"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:28:08.229623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPEL Q4 revenue $78.5M (+11.9% YoY), EPS $0.30; full year revenue $324M (+25%)

## Summary
- Q4 revenue $78.5M (+11.9% YoY); net income $8.4M ($0.30 EPS) vs $6.2M ($0.22 EPS) in Q4 2021.
- Full year 2022 revenue $324.0M (+25.0%); net income $41.4M ($1.50 EPS) vs $31.6M ($1.14 EPS) in 2021.
- EBITDA grew 32.4% to $13.2M in Q4; full year EBITDA $61.2M (+38.7%).
- Q4 impacted by ~$3.5M China order cancellations and $0.4M inventory write-offs; normalized EPS $0.36.
- US segment grew 31.6% in Q4; management cites strong momentum and positive 2023 outlook.

## SEC filing metadata
- accession: 0001767258-23-000013
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2023-02-28T23:59:59+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/1767258/000176725823000013/0001767258-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000013/xpel-20230228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-23-000013
- JSON: https://secwatch.observer/filing/0001767258-23-000013.json
- Plain text: https://secwatch.observer/filing/0001767258-23-000013.txt

## Key facts
- Earnings Releases
  XPEL, Inc. reported the quarter and year ended December 31, 2022 results: revenue $78.5 million, net income $8.4 million, EPS $0.30 per basic diluted and share.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $78.5 million
  - Net income: $8.4 million
  - EPS: $0.30 per basic diluted and share
  - Result: reported results
  source text: of protective films and coatings, announced results for the fourth quarter and year ended December 31, 2022. Fourth Quarter 2022 Highlights: • Revenue increased 11.9% to $78.5 million compared to fourth quarter 2021. • Net income increased 34.7% to $8.4 million, or $0.30 per basic diluted and share, versus net income of $6.2 million, or $0.22 per basic and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000013/0001767258-23-000013-index.htm

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