Filing Flows › Xpel (XPEL) › Q2 2026
Xpel (XPEL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Xpel (XPEL) reported revenue of $143M for the second quarter 2026 (Q2 2026), +15% from a year earlier and +22% from the quarter before. Operating margin was 16.2%, net earnings $18.0M (12.6% of revenue).
Xpel, Q2 2026: revenue $143M (+15% year over year), operating margin 16.2%, net earnings $18.0M, operating cash flow $30.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $143M | +22% | +15% |
| Gross profit | $63.1M | +23% | +18% |
| Operating profit | $23.2M | +78% | +20% |
| Net earnings | $18.0M | +74% | +11% |
| Operating cash flow | $30.8M | +317% | +10% |
What changed
Revenue was $143.1M in Q2 2026, up 15% year over year and up 22% from the previous quarter. Paint protection film was the largest line at 52% of revenue. Paint protection film added $12.2M year over year (up 19%), 66% of the total change. Cutbank credits declined 58%.
Gross margin was 44.1%, up 1.2 points from Q2 2025. Operating profit was $23.2M, a 16.2% margin (up 0.8 points year over year). Of the extra revenue versus Q2 2025, 21% reached operating profit, above the 15% margin then. Operating expenses grew 17% against revenue growth of 15%. The fastest-growing cost line was Sales & marketing (+30%). Net earnings were $18.0M, up 11% year over year. The effective tax rate was 21.6%.
Operating cash flow was $30.8M (up 10% year over year), 168% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $65.1M exceeded it, leaving free cash flow of −$34.3M.
Questions
What was Xpel's revenue in the second quarter 2026?
Xpel (XPEL) reported revenue of $143M for the second quarter 2026 (Q2 2026), +15% from a year earlier and +22% from the quarter before.
Was Xpel profitable in the second quarter 2026?
Operating profit was $23.2M (16.2% of revenue) and net earnings $18.0M.
Source: Xpel 10-Q on SEC EDGAR.