XPEL, Inc.
ULTIMATE PLUS and STEALTH are PPF lines from XPEL. The company supplies protective films, window tint, coatings and pattern software, and also provides installation services.
Brands and film lines
- XPEL
- company and commercial brand
- ULTIMATE PLUS
- PPF product line
- STEALTH
- PPF product line
Company and brand sources
Explore the films
Business reports and what they include
Publicly listed: Nasdaq — XPEL
Where to follow the business
XPEL’s quarterly filing breaks out PPF product sales from window film, software and installation labor. Its discussion of results and acquisition notes help explain changes in distribution and direct sales.
What the figures leave out
The PPF sales line counts products; installation labor appears separately. Growth may come from acquisitions or changes in how XPEL sells, as well as demand. These figures don’t show the profit made from PPF alone.
Quarter ended June 30, 2026; checked October 16, 2026
Official reports and updates
Report periods, source dates and notes
- XPEL second-quarter results release
Source date or period end: 2026-08-05. Checked 2026-10-16.
- XPEL ULTIMATE PLUS and STEALTH product navigation
Publication date not stated. Checked 2026-10-16.
Undated current product page.
- XPEL Form 10-Q, quarter ended June 30, 2026
Source date or period end: 2026-06-30. Checked 2026-10-16.
Reporting period; filing dated August 7, 2026.
XPEL earnings: separate PPF products from services
Historical results: quarter ended June 30, 2026. Latest result verified in this review; next earnings date not officially confirmed. Checked 2026-10-17.
XPEL’s June-quarter filing reports PPF product revenue of US$74.822 million, up 19.4% year on year. Its revenue table separates products from installation labor, software and cutbank credits. See the period-by-period rows below.
The filing links PPF growth to direct distribution in China and demand in the United States and Canada. It also attributes lower cutbank-credit revenue primarily to a reduced fair-value estimate. Do not interpret reported product growth as a pure measure of market demand, or allocate all services to PPF.
The August 5 release forecast third-quarter company revenue of US$137–139 million. That was guidance, not reported PPF sales or a completed quarterly result.
Explore reported revenue by period
Reported, unaudited. Values below retain the original USD thousands; the equivalent USD millions and calculated year-on-year changes are shown separately. Scroll each table horizontally on small screens.
Q1 2026
| Revenue / scope | Reported USD thousands | Comparison USD thousands | USD millions | Calculated YoY | Source and dates |
|---|---|---|---|---|---|
| PPF product revenuePPF product only | 61,664 | 56,441Q1 2025 | 61.664 | 9.3% | SEC filingQ1 2026: 2026-01-01 through 2026-03-31Filed 2026-05-08Results release date not established in this reviewNote 3 revenue disaggregation; MD&A revenue table |
| Installation laborBroader company category; not PPF-only | 23,105 | 18,650Q1 2025 | 23.105 | 23.9% | SEC filingQ1 2026: 2026-01-01 through 2026-03-31Filed 2026-05-08Results release date not established in this reviewNote 3 revenue disaggregation; MD&A revenue table |
| SoftwareBroader company category; not PPF-only | 2,226 | 2,118Q1 2025 | 2.226 | 5.1% | SEC filingQ1 2026: 2026-01-01 through 2026-03-31Filed 2026-05-08Results release date not established in this reviewNote 3 revenue disaggregation; MD&A revenue table |
| Cutbank creditsBroader company category; not PPF-only | 2,095 | 3,673Q1 2025 | 2.095 | -43.0% | SEC filingQ1 2026: 2026-01-01 through 2026-03-31Filed 2026-05-08Results release date not established in this reviewNote 3 revenue disaggregation; MD&A revenue table |
| Consolidated company revenueBroader company category; not PPF-only | 117,354 | 103,805Q1 2025 | 117.354 | 13.1% | SEC filingQ1 2026: 2026-01-01 through 2026-03-31Filed 2026-05-08Results release date not established in this reviewNote 3 revenue disaggregation; MD&A revenue table |
Q2 2026
| Revenue / scope | Reported USD thousands | Comparison USD thousands | USD millions | Calculated YoY | Source and dates |
|---|---|---|---|---|---|
| PPF product revenuePPF product only | 74,822 | 62,666Q2 2025 | 74.822 | 19.4% | SEC filingQ2 2026: 2026-04-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Installation laborBroader company category; not PPF-only | 25,328 | 22,448Q2 2025 | 25.328 | 12.8% | SEC filingQ2 2026: 2026-04-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| SoftwareBroader company category; not PPF-only | 2,258 | 2,180Q2 2025 | 2.258 | 3.6% | SEC filingQ2 2026: 2026-04-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Cutbank creditsBroader company category; not PPF-only | 1,918 | 4,523Q2 2025 | 1.918 | -57.6% | SEC filingQ2 2026: 2026-04-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Consolidated company revenueBroader company category; not PPF-only | 143,053 | 124,713Q2 2025 | 143.053 | 14.7% | SEC filingQ2 2026: 2026-04-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
H1 2026
| Revenue / scope | Reported USD thousands | Comparison USD thousands | USD millions | Calculated YoY | Source and dates |
|---|---|---|---|---|---|
| PPF product revenuePPF product only | 136,486 | 119,106H1 2025 | 136.486 | 14.6% | SEC filingH1 2026: 2026-01-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Installation laborBroader company category; not PPF-only | 48,433 | 41,098H1 2025 | 48.433 | 17.8% | SEC filingH1 2026: 2026-01-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| SoftwareBroader company category; not PPF-only | 4,484 | 4,299H1 2025 | 4.484 | 4.3% | SEC filingH1 2026: 2026-01-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Cutbank creditsBroader company category; not PPF-only | 4,013 | 8,195H1 2025 | 4.013 | -51.0% | SEC filingH1 2026: 2026-01-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
| Consolidated company revenueBroader company category; not PPF-only | 260,407 | 228,518H1 2025 | 260.407 | 14.0% | SEC filingH1 2026: 2026-01-01 through 2026-06-30Filed 2026-08-07Results released 2026-08-05Note 3 revenue disaggregation; MD&A revenue table |
- H1 overlaps Q1 and Q2; never sum all three.
- Retain independently reported source values. Q1 plus Q2 2025 cutbank values differ from H1 by USD 1 thousand; do not silently rewrite the H1 filing value. Rounding or adjustment cause was not established.
- No PPF-specific net income or organic-growth estimate. No allocation of all installation labor or cutbank credits to PPF.
- USD millions are source thousands divided by 1000; growth is (current/comparison-1)*100 rounded to one decimal.
Historical guidance, not reported results
Q3 2026 forecast as of 2026-08-05: USD 137–139 million. Company-wide revenue, not PPF-only. This is a dated forecast, not a reported result.