---
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"
generated_at: "2026-06-11T22:56:40.486122+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XPEL Q2 revenue hits record $102.2M, up 21.9%; EPS $0.57 vs $0.43 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1767258/000176725823000052/0001767258-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/xpel-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001767258-23-000052
- JSON: https://secwatch.observer/filing/0001767258-23-000052.json
- Plain text: https://secwatch.observer/filing/0001767258-23-000052.txt

## Key facts
- Earnings Releases
  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.
  - Period: the six months ended June 30, 2023
  - Revenue: $188.1 million
  - Net income: $27.2 million
  - EPS: $0.98 per basic and diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/0001767258-23-000052-index.htm
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - Revenue: $102.2 million
  - Net income: $15.7 million
  - EPS: $0.57 per basic and diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1767258/000176725823000052/0001767258-23-000052-index.htm

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