Filing Flows › Xpel (XPEL) › Q3 2026
Xpel (XPEL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Xpel (XPEL) reported revenue of $138M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -4% from the quarter before. Operating margin was 15.3%, net earnings $16.3M (11.9% of revenue).
Xpel, Q3 2026: revenue $138M (+10% year over year), operating margin 15.3%, net earnings $16.3M, operating cash flow $21.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $138M | -4% | +10% |
| Gross profit | $61.5M | -3% | +17% |
| Operating profit | $21.1M | -9% | +26% |
| Net earnings | $16.3M | -9% | +26% |
| Operating cash flow | $21.1M | -32% | -36% |
| Free cash flow | $19.2M | — | -40% |
What changed
Revenue was $137.8M in Q3 2026, up 10% year over year and down 4% from the previous quarter. Paint protection film was the largest line at 53% of revenue. Paint protection film added $10.0M year over year (up 16%), 81% of the total change. Cutbank credits declined 78%.
Gross margin was 44.6%, up 2.8 points from Q3 2025. Operating profit was $21.1M, a 15.3% margin (up 1.9 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 13% margin then. Operating expenses grew 13% against revenue growth of 10%. The fastest-growing cost line was General & admin (+16%). Net earnings were $16.3M, up 26% year over year. The effective tax rate was 21.1%.
Operating cash flow was $21.1M (down 36% year over year), 126% of net income including minority interests. Non-cash charges added back $4.0M of depreciation and amortization and $1.1M of share-based compensation. Capital expenditures of $1.9M left free cash flow of $19.2M.
Questions
What was Xpel's revenue in the third quarter 2026?
Xpel (XPEL) reported revenue of $138M for the third quarter 2026 (Q3 2026), +10% from a year earlier and -4% from the quarter before.
Was Xpel profitable in the third quarter 2026?
Operating profit was $21.1M (15.3% of revenue) and net earnings $16.3M.
Source: Xpel 10-Q on SEC EDGAR.