XPEL, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $50.9M | $22.1M | $11.6M | $8.1M | $9.6M | $29.0M | $11.5M | $4.0M |
| Accounts Receivable | $49.8M | $29.1M | $24.1M | $14.7M | $13.2M | $9.9M | $7.2M | $5.6M |
| Inventory | $122.8M | $110.9M | $106.5M | $80.6M | $51.9M | $22.4M | $15.1M | $10.8M |
| Total Current Assets | $230.7M | $168.3M | $146.5M | $106.8M | $79.0M | $62.8M | $36.3M | $21.0M |
| Property, Plant & Equipment | $15.8M | $17.7M | $17.0M | $14.2M | $9.9M | $4.7M | $4.0M | $3.4M |
| Goodwill | $59.3M | $44.1M | $37.5M | $26.8M | $25.7M | $4.5M | $2.4M | $2.3M |
| Intangible Assets (Excl. Goodwill) | $49.6M | $34.6M | $34.9M | $29.3M | $32.7M | $5.4M | $3.8M | $3.8M |
| Total Assets | $382.5M | $285.6M | $252.0M | $193.4M | $161.0M | $83.8M | $51.6M | $30.5M |
| Liabilities | ||||||||
| Accounts Payable | $37.8M | $26.3M | $24.2M | $16.7M | $25.2M | $13.0M | $7.4M | $3.9M |
| Total Current Liabilities | $71.0M | $41.5M | $36.5M | $27.4M | $36.3M | $21.2M | $11.8M | $8.5M |
| Long-Term Debt | — | — | — | — | $458.2K | $6.5M | $806.9K | — |
| Total Liabilities | $97.3M | $60.2M | $72.1M | $68.6M | $76.6M | $30.5M | $16.7M | $9.9M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $265.3M | $214.1M | $168.6M | $115.8M | $74.4M | $42.9M | $24.6M | $10.6M |
| Total Stockholders' Equity | $280.3M | $225.5M | $180.0M | $124.7M | $84.5M | $53.4M | $35.1M | $20.8M |