XPEL Inc. Reports 13.5% Revenue Growth to $124.7M, Net Income Rises 7.8% to $16.2M, EPS at $0.59 in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025
XPEL Inc. reported record revenue of $124.7 million for the second quarter of 2025, marking a 13.5% increase compared to the same period in 2024. The company's gross margin stood at 42.9% for the quarter. Net income saw an increase of 7.8%, totaling $16.2 million, or $0.59 per basic and diluted share, up from $15.0 million, or $0.54 per share, in the second quarter of 2024. After adjusting for one-time charges related to restructuring and acquisition costs, net income would have grown 16.7% to $17.5 million, or $0.63 per share. For the first six months of 2025, XPEL's revenue increased by 14.2% to $228.5 million, with a gross margin of 42.6%. Net income for this period rose by 14.3% to $24.8 million, or $0.90 per share, compared to $21.7 million, or $0.79 per share, in the first half of 2024. Looking ahead, XPEL expects its third-quarter 2025 revenue to range between $117 million and $119 million. During the second quarter of 2025, cash flows provided by operations amounted to $27.9 million. The company noted an increase in sales and marketing expenses by 15.4% and a rise in general and administrative expenses by 21.5% year-over-year.
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