XPEL Q3 revenue rises 11.1% to $125.4 million; net income falls 11.8% to $13.1 million
XPEL reported third-quarter 2025 revenue up 11.1% to $125.4 million, while net income fell 11.8% to $13.1 million, or $0.47 per share, as gross margin and operating expenses moved against profit. The company also said it plans to invest $75 million to $150 million over the next two years in manufacturing and supply chain, with a goal of lifting gross margin to 52% to 54% by the end of 2028.
Key points
- Q3 2025 revenue was $125.4 million, up 11.1% from $112.9 million a year earlier; gross margin was 41.8%, down from 42.5%.
- Q3 2025 net income was $13.1 million, or $0.47 per share, versus $14.9 million, or $0.54 per share, in Q3 2024.
- Company expects fourth-quarter 2025 revenue of approximately $123 million to $125 million.
- Planned investment of $75 million to $150 million over the next two years, targeting gross margin of 52% to 54% and operating margin in the mid to high 20% range by the end of 2028.
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 November 05, 2025.
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