{"schema_version":"secwatch.filing_event.v1","accession":"0001767258-23-000052","form_type":"8-K","ticker":"XPEL","cik":"0001767258","company_name":"XPEL, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.164625+00:00","generated_at":"2026-06-11T22:56:40.486122+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"XPEL Q2 revenue hits record $102.2M, up 21.9%; EPS $0.57 vs $0.43 YoY","bullets":["Revenue $102.2M (+21.9% YoY); gross margin 43.0% all-time high.","Net income $15.7M ($0.57/diluted share) vs $11.9M ($0.43) in Q2 2022.","EBITDA $22.4M (21.9% of revenue), up 30.5% from $17.2M.","First-half revenue $188.1M (+20.8%); net income $27.2M ($0.98/share).","CEO notes protective film demand expanding beyond enthusiast market to broader auto buyers."],"urls":{"canonical":"https://secwatch.observer/filing/0001767258-23-000052","json":"https://secwatch.observer/filing/0001767258-23-000052.json","markdown":"https://secwatch.observer/filing/0001767258-23-000052.md","text":"https://secwatch.observer/filing/0001767258-23-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/0001767258-23-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/xpel-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T22:56:40.486122+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d277a6b7373e97d532a510a83d6dec4f77255489","claim":"XPEL, Inc. reported the six months ended June 30, 2023 results: revenue $188.1 million, net income $27.2 million, EPS $0.98 per basic and diluted share.","evidence_excerpt":"For the Six Months Ended June 30, 2023: Revenues. Revenues increased approximately $32.3 million or 20.8% to $188.1 million as compared to $155.8 million in the first half of the prior year. Gross Margin. Gross margin was 42.5% compared to 39.0% in the first half of 2022. Expenses. Operating expenses increased to $44.8 million, or 23.8% of sales, compared to $34.9 million, or 22.4% of sales in the prior year period. Net income. Net income was $27.2 million, or $0.98 per basic and diluted share, versus net income of $19.7 million, or $0.71 per basic and diluted share in the first half of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/0001767258-23-000052-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$188.1 million"},{"label":"Net income","value":"$27.2 million"},{"label":"EPS","value":"$0.98 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fdae382464dd3cd27b7adadc754b69d197ae5910","claim":"XPEL, Inc. reported the quarter ended June 30, 2023 results: revenue $102.2 million, net income $15.7 million, EPS $0.57 per basic and diluted share.","evidence_excerpt":"For the Quarter Ended June 30, 2023: Revenues. Revenues increased approximately $18.3 million or 21.9% to $102.2 million as compared to $83.9 million in the second quarter of the prior year. Gross Margin. Gross margin was 43.0% compared to 39.3% in the second quarter of 2022. Expenses. Operating expenses increased to $23.8 million, or 23.3% of sales, compared to $17.2 million, or 20.5% of sales in the prior year period. Net income. Net income was $15.7 million, or $0.57 per basic and diluted share, versus net income of $11.9 million, or $0.43 per basic and diluted share in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/0001767258-23-000052-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$102.2 million"},{"label":"Net income","value":"$15.7 million"},{"label":"EPS","value":"$0.57 per basic and diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}