---
schema_version: "secwatch.filing_event.v1"
accession: "0001767258-23-000040"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:42:00.253717+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPEL Q1 revenue +19.5% to $85.8M, gross margin record 41.9%, net income +46.5%

## Summary
- Revenue of $85.8M, up 19.5% YoY; gross margin improved to 41.9% (new company high).
- Net income rose 46.5% to $11.4M ($0.41 per share) from $7.8M ($0.28) in Q1 2022.
- EBITDA grew 43.9% to $17.1M, representing 19.9% of revenue vs. 16.5% a year ago.
- Operating expenses were 24.5% of sales, roughly flat vs. 24.6% in prior-year period.
- No specific forward guidance provided; CEO cited 'good momentum' for 2023.

## SEC filing metadata
- accession: 0001767258-23-000040
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2023-05-09T23:59:59+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/1767258/000176725823000040/0001767258-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000040/xpel-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-23-000040
- JSON: https://secwatch.observer/filing/0001767258-23-000040.json
- Plain text: https://secwatch.observer/filing/0001767258-23-000040.txt

## Key facts
- Earnings Releases
  XPEL, Inc. reported the quarter ended March 31, 2023 results: revenue $85.8 million, net income $11.4 million, EPS $0.41 per share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $85.8 million
  - Net income: $11.4 million
  - EPS: $0.41 per share
  - Result: reported results
  source text: XPEL Revenues Increase 19.5% to $85.8 Million in First Quarter 2023 With Gross Margin of 41.9%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000040/0001767258-23-000040-index.htm

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