XPEL Inc. reported revenue of $125.4 million for the third quarter of 2025, an increase of 11.1% compared to the same period in 2024. Gross margin for the quarter was 41.8%. EBITDA decreased by 8.1% to $19.9 million, representing 15.9% of revenue, down from $21.7 million or 19.2% of revenue in the third quarter of 2024. Net income declined 11.8% to $13.1 million, or $0.47 per basic and diluted share, compared to $14.9 million, or $0.54 per share in the prior-year quarter. For the first nine months of 2025, revenue rose 13.1% to $353.9 million, gross margin was 42.3%, and EBITDA increased 4.6% to $57.8 million. Net income for the nine-month period was $37.9 million, up 3.7% from the prior year. XPEL announced plans to invest $75 million to $150 million over the next two years in manufacturing and supply chain initiatives, aiming to increase gross margin to 52%-54% and operating margin to the mid to high 20% range by the end of 2028.