XPEL, Inc. reported strong Q3 2025 results with record revenue of $125.4 million, driven by robust growth in the U.S. and EU regions, despite ongoing challenges in Canada and some markets in Latin America.

• Revenue grew 11.1%, with U.S. sales reaching $71.7 million and EU revenues up 28.8% to $16.5 million.
• Completed acquisition of the Chinese distributor, positioning for future growth despite minimal immediate financial impact.
• Gross margins pressured by unfavorable price dynamics, but expected recovery beginning in Q4.
• Anticipating Q4 revenues in the $123 million to $125 million range, led to full-year growth projection of 13% to 14%.
• Continued high SG&A due to investments in global market expansion, particularly in new Asian markets.