XPEL (XPEL) Balance Sheet: Assets & Liabilities

XPEL (XPEL) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), XPEL reported total assets of $391.19M and total liabilities of $106.00M. Shareholders' equity was $280.28M, up 24.3% from $225.46M a year earlier. Total debt stood at $22.86M against $50.86M in cash and short-term investments, a net cash position of $28.00M. That puts debt-to-equity at 0.08, compared with 0.09 a year earlier.

XPEL Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for XPEL, Inc. (XPEL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Current Assets
Cash and Cash Equivalents	50.86	22.09	11.61	8.06	9.64	29.03	11.50	3.97	3.50
Cash & Short-Term Investments	50.86	22.09	11.61	8.06	9.64	29.03	11.50	3.97	3.50
Accounts Receivable	50.43	30.04	24.11	14.73	13.16	9.94	7.25	5.55	5.45
Inventory	122.76	110.90	106.51	80.58	51.94	22.36	15.14	10.80	10.15
Other Current Assets	6.65	5.31	3.53	3.46	3.67	1.44	2.39	0.71	0.77
Total Current Assets	230.70	168.34	146.45	106.82	79.03	62.78	36.28	21.03	19.91
Non-Current Assets
Property, Plant & Equipment (Net)	37.36	37.23	32.44	29.51	22.81	10.68	9.09	3.38	2.15
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	-2.08	0.00	0.00	0.00
Goodwill	59.28	44.13	37.46	26.76	25.66	4.47	2.41	2.32	2.49
Intangible Assets	49.62	34.56	34.91	29.29	32.73	5.42	3.82	3.80	4.11
Other Non-Current Assets	5.57	1.35	0.78	0.97	0.79	0.49	0.00	-0.39	0.00
Total Non-Current Assets	160.49	117.26	105.59	86.54	81.99	21.06	15.32	9.51	9.14
Total Assets	391.19	285.61	252.04	193.36	161.02	83.84	51.60	30.54	29.05
Current Liabilities
Accounts Payable	37.77	26.32	32.44	16.69	25.18	12.99	7.44	3.91	6.48
Short-Term Debt	6.15	4.73	0.06	3.96	0.38	4.22	1.59	0.85	3.02
Current Portion of Long-Term Debt	0.06	0.06	0.06	0.08	0.38	2.57	-	-	-
Accrued Liabilities	7.81	5.33	4.30	3.60	5.39	2.27	-	-	-
Deferred Revenue	4.80	0.82	0.76	0.26	0.82	0.24	0.56	0.14	0.00
Other Current Liabilities	22.28	9.65	3.15	6.02	1.53	3.57	2.20	2.39	3.29
Total Current Liabilities	71.00	41.52	36.47	27.40	36.27	21.20	11.79	8.48	13.71
Non-Current Liabilities
Long-Term Debt	16.71	16.36	19.32	38.12	25.08	7.90	4.32	0.97	0.93
Deferred Tax Liabilities	8.83	0.47	2.66	2.05	2.75	0.63	0.60	0.48	0.46
Other Non-Current Liabilities	9.46	1.81	3.55	1.07	2.63	0.73	0.00	0.00	0.00
Total Non-Current Liabilities	35.00	18.63	35.58	41.24	40.29	9.26	4.92	1.45	1.48
Total Liabilities	106.00	60.15	72.05	68.64	76.55	30.46	16.71	9.93	15.19
Stockholders' Equity
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	9.21
Retained Earnings	265.34	214.11	168.62	115.82	74.44	42.88	24.59	10.62	3.57
Accumulated Other Comprehensive Income	-0.14	-4.24	-1.21	-2.20	-0.59	0.07	-0.91	-1.19	-0.98
Treasury Stock	3.00	-	-	-	-	-	-	-	-
Additional Paid-in Capital	15.05	15.55	12.55	11.07	10.58	10.41	11.35	11.35	11.35
Minority Interest	4.90	0.00	0.00	0.00	0.00	0.00	-0.17	-0.19	-0.11
Shares Outstanding	27.60	27.65	27.63	27.62	27.61	-	-	-	-
Total Stockholders' Equity	280.28	225.46	179.99	124.72	84.46	53.38	35.06	20.80	13.96
Total Liabilities & Equity	391.19	285.61	252.04	193.36	161.02	83.84	51.60	30.54	29.05

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About XPEL Balance Sheet

How much debt does XPEL have?

XPEL had total debt of $22.86M as of Dec 31, 2025, against $50.86M in cash and short-term investments. Its debt-to-equity ratio was 0.08. Total debt was $21.08M a year earlier.

What are XPEL's total assets?

XPEL reported total assets of $391.19M as of Dec 31, 2025, up 37.0% from $285.61M a year earlier. Total liabilities were $106.00M.

What is XPEL's shareholders' equity?

XPEL's shareholders' equity was $280.28M as of Dec 31, 2025, or about $10.15 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition