Xpel, Inc. balance sheet

At the end of fiscal 2025, Xpel, Inc. had total assets of $383m, total liabilities of $97.3m and shareholders' equity of $280m. It held $50.9m in cash against $59,000 of debt: net cash of $50.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Xpel, Inc.: balance sheet, annual
Fiscal year	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	4	12	29	10	8	12	22	51	41
Receivables	6	7	10	13	15	24	29	50	54
Inventory	11	15	22	52	81	107	111	123	128
Total current assets	21	36	63	79	107	146	168	231	227
Goodwill	2	2	4	26	27	37	44	59	61
Total assets	31	52	84	161	193	252	286	383	473
Deferred revenue (current)	0	1	0	1	0	1	1	5	9
Total current liabilities	8	12	21	36	27	36	42	71	87
Short-term debt	—	—	—	—	—	—	—	0	1
Long-term debt	1	1	6	0	0	0	0	0	43
Total debt	2	1	9	25	26	19	0	0	45
Total liabilities	10	17	30	77	69	72	60	97	154
Shareholders' equity	21	35	53	84	125	180	225	280	306
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	12
Net debt (negative = net cash)	−2	−10	−20	16	18	7	−22	−51	4
Shares outstanding	28m	28m	28m	28m	28m	28m	28m	28m	28m

US$ millions unless shown otherwise. Fiscal quarters.

Xpel, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	30	29	33	38	37	50	54	54
Inventory	102	111	115	104	129	123	132	128
Total current assets	159	168	178	197	235	231	237	227
Goodwill	43	44	44	47	52	59	57	61
Total assets	273	286	295	318	388	383	394	473
Deferred revenue (current)	1	1	1	2	5	5	8	9
Total current liabilities	37	42	42	45	84	71	77	87
Short-term debt	—	—	—	—	—	0	—	1
Long-term debt	0	0	0	0	0	0	—	43
Total debt	0	0	0	0	0	0	—	45
Total liabilities	54	60	59	62	114	97	102	154
Shareholders' equity	219	225	235	256	269	280	288	306
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	12
Shares outstanding	28m	28m	—	28m	28m	28m	28m	28m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Xpel, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xpel, Inc.