XPEL reported first-quarter 2026 revenue of $117.4 million, up 13.1% from $103.8 million a year earlier.
Gross margin widened to 43.7% from 42.3%, while gross profit rose 16.7% to $51.2 million.
Operating expenses increased 16.6% to $38.2 million, and net income attributable to stockholders climbed 20.5% to $10.3 million, or $0.37 per diluted share, from $8.6 million, or $0.31 per share, in the prior-year quarter.
EBITDA increased 17.8% to $17.0 million, equal to 14.5% of revenue, compared with $14.4 million, or 13.9% of revenue, a year ago.
Cash provided by operating activities more than doubled to $7.4 million from $3.2 million.
By region, U.S. revenue rose 9.9% to $63.8 million, Canada fell 10.9% to $8.4 million, and North America total revenue increased 7.0% to $72.2 million. China jumped 44.4% to $11.7 million, Asia Pacific climbed 37.5% to $17.4 million, Europe, the U.K. and Africa rose 19.0% to $17.9 million, India and the Middle East grew 11.4% to $6.8 million, and Latin America increased 20.5% to $3.1 million.
Within product and service lines, adjusted product revenue increased 10.2%, total window film revenue rose 24.8% and made up 19.8% of total revenue, total service revenue increased 14.1%, and total installation revenue climbed 24.3%.
For the second quarter, XPEL said it expects revenue of about $135 million to $137 million. The market has reacted to these announcements by moving the company's shares 0.99% to a price of $49.86. For more information, read the company's full 8-K submission here.
