← XPEL, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $8.7m |
$14.0m
+60.47%
|
$18.3m
+30.63%
|
$31.6m
+72.67%
|
$41.4m
+31.09%
|
$52.8m
+27.59%
|
$45.5m
-13.85%
|
$51.6m
+13.41%
|
$55.6m
+7.78%
|
|
| Depreciation of property, plant and equipment | $736k | $916k | $1.3m | $1.9m | $3.4m | $4.5m | $5.8m | $6.3m | $14.7m | |
| Amortization of intangible assets | $643k | $781k | $956k | $2.5m | $4.4m | $5.1m | $5.9m | $7.0m | — | |
| Deferred income tax | ($86k) | $117k | ($273k) | $1.0m | ($471k) | ($921k) | ($2.7m) | ($299k) | $32k | |
| Stock compensation | — | $0 | $0 | $169k | $522k | $1.6m | $3.2m | $2.8m | — | |
| Accounts receivable, net | ($261k) | ($1.8m) | ($2.4m) | ($432k) | ($2.6m) | ($7.0m) | ($5.6m) | ($20.4m) | ($17.4m) | |
| Inventory, net | $11k | ($4.3m) | ($6.8m) | ($26.9m) | ($28.6m) | ($24.8m) | ($4.8m) | $11.5m | ($501k) | |
| Accounts payable and accrued liabilities | ($3.6m) | $3.9m | $6.4m | $12.0m | ($7.9m) | $6.5m | $2.7m | $11.3m | — | |
| Prepaid expenses and other current assets | $133k | ($1.7m) | $949k | ($2.2m) | $259k | $604k | ($2.2m) | ($3.9m) | — | |
| Net cash provided by operating activities | $6.8m |
$11.0m
+61.33%
|
$18.5m
+68.40%
|
$18.3m
-1.07%
|
$12.1m
-34.00%
|
$37.4m
+210.06%
|
$47.8m
+27.93%
|
$66.9m
+39.97%
|
$74.0m
+10.53%
|
|
| Gain on sale of property and equipment | $26k | ($11k) | ($3k) | ($36k) | ($8k) | ($13k) | ($49k) | ($13k) | — | |
| Purchases of property, plant and equipment | ($2.0m) | ($1.6m) | ($1.8m) | ($6.7m) | ($7.9m) | ($6.4m) | ($6.7m) | ($4.0m) | — | |
| Proceeds from sale of property and equipment | $155k | $68k | $61k | $66k | $73k | $29k | $40k | $48k | — | |
| Purchases of long term investments | — | — | — | — | — | $0 | $0 | ($2.1m) | — | |
| Net cash used in investing activities | ($3.1m) | ($2.3m) | ($4.7m) | ($56.8m) | ($14.2m) | ($26.4m) | ($18.4m) | ($33.8m) | ($113.7m) | |
| Issuance of Common Stock for vested restricted stock units | — | — | — | $0 | $222k | $1.0m | $1.1m | $1.2m | — | |
| Net cash used in financing activities | ($3.1m) |
($1.1m)
+63.10%
|
$3.5m
+407.13%
|
$19.2m
+447.99%
|
$602k
-96.87%
|
($7.3m)
-1305.81%
|
($19.3m)
-165.23%
|
($3.7m)
+81.01%
|
$31.3m
+956.74%
|
|
| Cash and cash equivalents at beginning of year | $4.0m | $11.5m | $29.0m | $9.6m | $8.1m | $11.6m | $22.1m | $50.9m | $49.6m | |
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for credit losses | $190k | $242k | $114k | $302k | $467k | $243k | $390k | $922k | — | |
| Income taxes receivable and payable | — | — | — | ($766k) | $1.2m | ($1.2m) | ($267k) | $249k | — | |
| Acquisition of businesses, net of cash acquired | ($832k) | ($128k) | ($2.6m) | ($49.2m) | ($4.7m) | ($18.7m) | ($9.9m) | ($26.2m) | — | |
| Development of intangible assets | ($387k) | ($675k) | ($374k) | ($964k) | ($1.6m) | ($1.3m) | ($1.9m) | ($1.6m) | — | |
| Net payments on revolving line of credit | ($2.0m) | $0 | — | — | $1.0m | ($7.0m) | ($19.0m) | $0 | — | |
| Restricted stock withholding taxes paid in lieu of issued shares | $2.5m | $4.1m | $0 | $0 | ($30k) | ($167k) | ($193k) | ($254k) | — | |
| Repayments of notes payable | ($658k) | ($1.1m) | ($1.7m) | ($695k) | ($368k) | ($92k) | ($60k) | ($243k) | — | |
| Payments of deferred acquisition consideration | — | — | — | — | — | $0 | $0 | ($161k) | — | |
| Purchases of treasury shares | — | — | — | — | — | $0 | $0 | ($3.0m) | — | |
| Net change in cash and cash equivalents | $605k | $7.5m | $17.3m | ($19.3m) | ($1.5m) | $3.8m | $10.2m | $29.5m | — | |
| Foreign exchange impact on cash and cash equivalents | ($132k) | $11k | $212k | ($84k) | ($91k) | ($219k) | $311k | ($726k) | — | |
| Increase in cash and cash equivalents during the period | $472k | $7.5m | $17.5m | ($19.4m) | ($1.6m) | $3.6m | $10.5m | $28.8m | — | |
| Non-cash acquisition consideration | — | — | — | — | — | $0 | $1.6m | $24.1m | — | |
| Non-cash lease financing | — | — | — | $9.4m | $6.1m | $4.2m | $8.7m | $6.6m | — | |
| Non-cash minority interest contribution | — | — | — | — | — | $0 | $0 | $4.5m | — | |
| Cash paid for income taxes | $2.5m | $4.1m | $4.5m | $7.8m | $9.9m | $15.3m | $13.6m | $12.5m | — | |
| Cash paid for interest | $86k | $18k | $178k | $210k | $1.3m | $1.2m | $1.0m | $89k | — |