Company / R&D Expense
XPEL, Inc. R&D Expense History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.9M
FY2025
5-year range
$100.0K / $2.9M
FY2021-FY2025
Trend
+0.0%
vs FY2024
Sector context
#52 of 54
Consumer Discretionary
What the data says
Among 54 Consumer Discretionary companies, XPEL, Inc. is in the bottom 4% for r&d expense. R&D Expense has fluctuated over the past 8 years, ranging from $100,000 in FY2022 to $3M in FY2025.
Based on SEC 10-K filings.
$3M in FY2025 with a 5-year CAGR of +96.1%.
Improved from $400,000 to $3M over the past 2 years.
Consumer Discretionary sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +207.2%
- 5-Year CAGR
- +96.1%
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in Consumer DiscretionaryTop 96% of 54This company $2.9M Sector average $618.8M
▼
-99.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +96.1%, indicating consistent growth.
- In FY2025, r&d expense increased 0.0% year-over-year.
- Ranks #52 out of 54 companies in the Consumer Discretionary sector.
- Lowest r&d expense in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 3.79 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.9M | +0.0% |
| FY2024 | $2.9M | +625.0% |
| FY2023 | $400.0K | +300.0% |
| FY2022 | $100.0K | -75.0% |
| FY2021 | $400.0K | +300.0% |
| FY2020 | $100.0K | -83.4% |
| FY2019 | $602.4K | +169.1% |
| FY2018 | $223.9K | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026