XPEL Q4 revenue rises 1.9% to $107.5 million, but net income falls 25.7%
XPEL reported preliminary, unaudited fourth-quarter and full-year 2024 results on February 26, 2025. Revenue grew in both periods, but net income declined, and first-quarter 2025 revenue is expected to be approximately $97 million to $99 million. Shareholders get higher sales alongside lower profit, with China revenue down 44.3% in the quarter.
Key points
- Q4 2024 revenue rose 1.9% to $107.5 million; net income fell 25.7% to $8.9 million, or $0.32 per share, from $0.43 a year earlier.
- Full-year 2024 revenue rose 6.1% to $420.4 million; net income fell to $45.5 million, or $1.65 per share, from $52.8 million, or $1.91 per share, in 2023.
- The company expects first-quarter 2025 revenue of approximately $97 million to $99 million.
- A recently completed workforce reduction is expected to yield approximately $2 million in annual run-rate savings.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.