Openlane Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Openlane Inc. reported revenue of $1.9B (+8.2% year on year) and net income of $177.7M (+61.7% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Operating revenues | $1.9B | $1.8B | $1.6B | $1.5B |
| Cost of services (exclusive of depreciation and amortization) | $1.0B | $956.3M | $867.6M | $834.3M |
| Finance interest expense | $109.9M | $123.5M | — | — |
| Provision for credit losses | $42.4M | $54.3M | — | — |
| Selling, general and administrative | $445.2M | $408.6M | $430.4M | $445.1M |
| Depreciation and amortization | $91.7M | $95.2M | $101.5M | $100.2M |
| Gain on sale of business | $0 | ($31.6M) | — | — |
| Loss on sale of property | $7.0M | $0 | $0 | ($33.9M) |
| Goodwill and other intangibles impairment | $0 | $0 | $250.8M | $0 |
| Total operating expenses | $1.7B | $1.6B | $1.7B | $1.3B |
| Operating profit (loss) | $196.6M | $182.2M | ($5.2M) | $173.7M |
| Interest expense | $18.1M | $21.8M | $155.8M | $119.2M |
| Other (income) expense, net | ($13.7M) | $2.5M | ($15.6M) | ($1.3M) |
| Loss on extinguishment of debt | $0 | $0 | $1.1M | $17.2M |
| Income (loss) from continuing operations before income taxes | $192.2M | $157.9M | ($146.5M) | $38.6M |
| Income taxes | $14.5M | $48.0M | $8.3M | $10.0M |
| Income from discontinued operations, net of income taxes | $0 | $0 | $700.0K | $212.6M |
| Net income (loss) | $177.7M | $109.9M | ($154.1M) | $241.2M |
| Income (loss) from continuing operations | $177.7M | $109.9M | ($154.8M) | $28.6M |
| Series A Preferred Stock dividends (including deemed dividends) | ($280.8M) | — | — | — |
| Income from continuing operations attributable to participating securities | $0 | — | — | — |
| Income (loss) from continuing operations attributable to common stockholders | ($103.1M) | — | — | — |
| Income (loss) from continuing operations | ($0.96) | $0.46 | ($1.83) | ($0.1) |
| Income from discontinued operations | $0 | $0 | $0.01 | $1.4 |
| Net income (loss) | -$0.96 | $0.46 | -$1.82 | $1.30 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Operating revenues | $554.6M | $527.9M | $498.4M | $481.7M |
| Cost of services (exclusive of depreciation and amortization) | $306.4M | $271.7M | $270.2M | $254.4M |
| Finance interest expense | $25.7M | $24.8M | $28.1M | $26.9M |
| Provision for credit losses | $8.9M | $10.3M | $11.5M | $8.7M |
| Selling, general and administrative | $123.8M | $124.4M | $110.9M | $114.3M |
| Depreciation and amortization | $22.3M | $22.9M | $22.7M | $23.0M |
| Loss on sale of property | $0 | — | $0 | $7.0M |
| Total operating expenses | $487.1M | $454.1M | $443.4M | $434.3M |
| Operating profit | $67.5M | $73.8M | $55.0M | $47.4M |
| Interest expense | $10.0M | $10.1M | $1.1M | $3.1M |
| Other income, net | ($3.6M) | ($1.6M) | ($2.2M) | ($7.4M) |
| Income before income taxes | $61.1M | $65.3M | $56.1M | $51.7M |
| Income taxes | $16.8M | $16.4M | $8.2M | $18.3M |
| Net income | $44.3M | $48.9M | $47.9M | $33.4M |
| Series A Preferred Stock dividends | ($3.3M) | ($5.3M) | — | — |
| Net income attributable to participating securities | ($3.4M) | ($6.0M) | — | — |
| Net income attributable to common stockholders | $37.6M | $37.6M | — | — |
| Basic (in dollars per share) | $0.33 | $0.35 | $0.26 | $0.16 |
| Diluted (in dollars per share) | $0.32 | $0.35 | $0.25 | $0.15 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $141.5M | $143.0M | $93.5M | $225.7M |
| Restricted cash | $43.9M | $40.7M | $65.4M | $52.0M |
| Trade receivables, net of allowances of $9.7 and $6.7 | $314.1M | $248.2M | $291.8M | $270.7M |
| Finance receivables, net of allowances of $27.5 and $19.8 | $2.4B | $2.3B | $2.3B | $2.4B |
| Other current assets | $86.7M | $96.9M | $109.2M | $78.9M |
| Total current assets | $3.0B | $2.9B | $2.8B | $3.0B |
| Goodwill | $1.2B | $1.2B | $1.3B | $1.5B |
| Customer relationships, net of accumulated amortization of $459.2 and $437.4 | $102.7M | $117.7M | $136.1M | $135.9M |
| Other intangible assets, net of accumulated amortization of $555.0 and $487.4 | $142.8M | $160.8M | $181.5M | $231.3M |
| Operating lease right-of-use assets | $57.9M | $67.1M | $75.9M | $84.8M |
| Property and equipment, net of accumulated depreciation of $141.5 and $159.4 | $104.2M | $149.3M | $169.8M | $123.6M |
| Other assets | $61.6M | $53.0M | $49.9M | $57.3M |
| Total other assets | $1.7B | $1.8B | $1.9B | $2.1B |
| Total assets | $4.7B | $4.6B | $4.7B | $5.1B |
| Accounts payable | $665.8M | $547.6M | $556.6M | $551.2M |
| Accrued employee benefits and compensation expenses | $50.8M | $36.5M | $40.5M | $31.9M |
| Accrued interest | $11.3M | $7.2M | $10.1M | $7.8M |
| Other accrued expenses | $90.8M | $80.8M | $75.3M | $79.1M |
| Income taxes payable | $21.4M | $10.6M | $9.8M | $6.9M |
| Obligations collateralized by finance receivables | $1.8B | $1.7B | $1.6B | $1.7B |
| Current maturities of long-term debt | $5.5M | $222.5M | $154.6M | $288.7M |
| Total current liabilities | $2.6B | $2.6B | $2.5B | $2.6B |
| Long-term debt | $530.1M | $0 | $202.4M | $205.3M |
| Deferred income tax liabilities | $600.0K | $24.4M | $20.9M | $54.0M |
| Operating lease liabilities | $53.0M | $60.4M | $70.4M | $79.7M |
| Other liabilities | $6.2M | $16.8M | $14.3M | $6.8M |
| Total non-current liabilities | $589.9M | $101.6M | $308.0M | $345.8M |
| Series A convertible preferred stock (Note 14) | $289.8M | $612.5M | $612.5M | $612.5M |
| Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: 106,175,229 (2025) 106,849,134 (2024) | 1.1M | 1.1M | 1.1M | 1.1M |
| Additional paid-in capital | $692.8M | $720.9M | $738.2M | $743.8M |
| Retained earnings | $586.7M | $689.8M | $624.4M | $822.9M |
| Accumulated other comprehensive loss | ($39.9M) | ($69.1M) | ($36.7M) | ($49.5M) |
| Total stockholders' equity | $1.2B | $1.3B | $1.3B | $1.5B |
| Total liabilities, temporary equity and stockholders' equity | $4.7B | $4.6B | $4.7B | $5.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $189.7M | $180.1M | $119.3M | $119.1M |
| Restricted cash | $28.1M | $36.8M | $27.1M | $29.7M |
| Trade receivables, net of allowances of $9.6 and $9.7 | $391.2M | $415.7M | $354.1M | $305.9M |
| Finance receivables, net of allowances of $30.0 and $27.5 | $2.6B | $2.4B | $2.5B | $2.4B |
| Other current assets | $98.4M | $128.1M | $110.8M | $94.3M |
| Total current assets | $3.3B | $3.2B | $3.1B | $2.9B |
| Goodwill | $1.2B | $1.2B | $1.2B | $1.2B |
| Customer relationships, net of accumulated amortization of $463.7 and $459.2 | $94.2M | $98.4M | $106.5M | $110.9M |
| Other intangible assets, net of accumulated amortization of $570.9 and $555.0 | $135.2M | $139.0M | $147.4M | $151.5M |
| Operating lease right-of-use assets | $55.9M | $57.5M | $60.3M | $62.9M |
| Property and equipment, net of accumulated depreciation of $139.4 and $141.5 | $98.0M | $100.3M | $102.2M | $104.2M |
| Other assets | $58.5M | $59.5M | $52.5M | $59.1M |
| Total other assets | $1.7B | $1.7B | $1.7B | $1.7B |
| Total assets | $5.0B | $4.9B | $4.8B | $4.6B |
| Accounts payable | $802.9M | $899.3M | $690.7M | $645.0M |
| Accrued employee benefits and compensation expenses | $42.8M | $31.1M | $46.5M | $43.7M |
| Accrued interest | $10.7M | $10.5M | $6.2M | $6.5M |
| Other accrued expenses | $85.4M | $90.1M | $91.7M | $83.8M |
| Income taxes payable | $15.9M | $17.6M | $9.7M | $5.6M |
| Obligations collateralized by finance receivables | $1.9B | $1.7B | $1.8B | $1.7B |
| Current maturities of long-term debt | $5.5M | $24.9M | $15.8M | $0 |
| Total current liabilities | $2.9B | $2.8B | $2.7B | $2.5B |
| Long-term debt | $529.2M | $529.7M | $0 | $0 |
| Deferred income tax liabilities | $500.0K | $500.0K | $26.9M | $26.1M |
| Operating lease liabilities | $50.8M | $52.7M | $54.8M | $56.8M |
| Other liabilities | $4.5M | $6.5M | $18.3M | $17.9M |
| Total non-current liabilities | $585.0M | $589.4M | $100.0M | $100.8M |
| Series A convertible preferred stock | $0 | $289.8M | $612.5M | $612.5M |
| Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: June 30, 2026: 122,930,643 December 31, 2025: 106,175,229 | 1.2M | 1.1M | 1.1M | 1.1M |
| Additional paid-in capital | $956.0M | $669.9M | $696.3M | $713.7M |
| Retained earnings | $671.3M | $630.3M | $774.7M | $737.9M |
| Accumulated other comprehensive loss | ($57.3M) | ($47.7M) | ($45.5M) | ($37.1M) |
| Total stockholders' equity | $1.6B | $1.3B | $1.4B | $1.4B |
| Total liabilities, temporary equity and stockholders' equity | $5.0B | $4.9B | $4.8B | $4.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $177.7M | $109.9M | ($154.1M) | $241.2M |
| Net income from discontinued operations | $0 | $0 | ($700.0K) | ($212.6M) |
| Depreciation and amortization | $91.7M | $95.2M | $101.5M | $100.2M |
| Provision for credit losses | $42.4M | $54.3M | $59.2M | $18.6M |
| Deferred income taxes | ($31.9M) | $1.7M | ($29.8M) | ($2.3M) |
| Amortization of debt issuance costs | $8.9M | $9.1M | $8.7M | $10.7M |
| Stock-based compensation | $14.6M | $14.7M | $16.5M | $16.6M |
| Contingent consideration adjustment | $0 | $0 | $1.3M | $0 |
| Investment and note receivable impairment | $0 | $0 | $10.3M | — |
| Loss on sale of property | $7.0M | $0 | $0 | ($33.9M) |
| Gain on sale of business | $0 | ($31.6M) | — | — |
| Goodwill and other intangibles impairment | $0 | $0 | $250.8M | $0 |
| Loss on extinguishment of debt | $0 | $0 | $1.1M | $17.2M |
| Other non-cash, net | $400.0K | ($300.0K) | $1.0M | $500.0K |
| Trade receivables and other assets | ($69.1M) | $44.4M | ($66.0M) | $107.7M |
| Accounts payable and accrued expenses | $150.2M | ($4.6M) | $39.8M | ($240.8M) |
| Payments of contingent consideration in excess of acquisition-date fair value | $0 | $0 | ($2.6M) | ($26.1M) |
| Net cash provided by operating activities - continuing operations | $391.9M | $292.8M | $237.0M | $4.1M |
| Net cash used by operating activities - discontinued operations | $0 | ($1.4M) | ($1.6M) | ($459.1M) |
| Net (increase) decrease in finance receivables held for investment | ($135.3M) | ($96.7M) | $64.8M | $97.9M |
| Acquisition of businesses (net of cash acquired) | $0 | $0 | ($103.0M) | ($400.0K) |
| Purchases of property, equipment and computer software | ($55.4M) | ($53.0M) | ($52.0M) | ($60.9M) |
| Investments in securities | ($1.5M) | ($2.8M) | ($1.3M) | ($6.7M) |
| Proceeds from sale of investments | $800.0K | $900.0K | $0 | $300.0K |
| Proceeds from note receivable | $0 | $0 | $700.0K | — |
| Proceeds from the sale of business | $0 | $79.8M | $0 | $0 |
| Proceeds from the sale of property and equipment | $42.4M | $900.0K | $300.0K | $39.8M |
| Net cash used by investing activities - continuing operations | ($149.0M) | ($70.9M) | ($90.5M) | $70.0M |
| Net cash provided by investing activities - discontinued operations | $0 | $0 | $7.0M | $2.1B |
| Net (decrease) increase in book overdrafts | ($5.9M) | $800.0K | ($2.3M) | ($5.7M) |
| Net (repayments of) borrowings from lines of credit | ($24.2M) | ($131.7M) | $5.9M | $141.9M |
| Net increase (decrease) in obligations collateralized by finance receivables | $82.4M | $49.5M | ($55.9M) | $1.5M |
| Proceeds from long-term debt | $547.3M | — | — | — |
| Payments for debt issuance costs/amendments | ($6.9M) | ($15.1M) | ($6.7M) | ($11.6M) |
| Payments on long-term debt | ($210.0M) | $0 | $0 | ($928.6M) |
| Payment for early extinguishment of debt | $0 | $0 | ($140.1M) | ($606.3M) |
| Payments on finance leases | $0 | ($900.0K) | ($1.9M) | ($3.9M) |
| Payments of contingent consideration and deferred acquisition costs | $0 | $0 | ($12.4M) | ($3.5M) |
| Issuance of common stock under stock plans | 9.6M | 1.4M | 2.7M | 1.4M |
| Tax withholding payments for vested RSUs | ($6.7M) | ($3.5M) | ($2.6M) | ($2.7M) |
| Repurchase and retirement of common stock | ($45.6M) | ($30.0M) | ($22.2M) | ($182.2M) |
| Repurchase and retirement of Series A Preferred Stock | ($559.3M) | — | — | — |
| Dividends paid on Series A Preferred Stock | ($38.6M) | ($44.4M) | ($44.4M) | ($22.2M) |
| Net cash used by financing activities - continuing operations | ($257.9M) | ($173.9M) | ($279.9M) | ($1.6B) |
| Net cash provided by financing activities - discontinued operations | $0 | $0 | $0 | $10.8M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $93.2M | $48.9M | $118.2M | $70.3M |
| Depreciation and amortization | $45.2M | $22.9M | $68.4M | $45.7M |
| Provision for credit losses | $19.2M | $10.3M | $29.5M | $18.0M |
| Deferred income taxes | $3.5M | $2.6M | $4.0M | $2.8M |
| Amortization of debt issuance costs | $4.8M | $2.4M | $6.6M | $4.4M |
| Stock-based compensation | $17.9M | $9.4M | $9.9M | $5.8M |
| Loss on sale of property | $0 | — | $7.0M | $7.0M |
| Other non-cash, net | $700.0K | $400.0K | $300.0K | $200.0K |
| Trade receivables and other assets | ($86.9M) | ($140.2M) | ($120.8M) | ($55.1M) |
| Accounts payable and accrued expenses | $114.8M | $202.9M | $143.3M | $95.1M |
| Net cash provided by operating activities | $212.4M | $159.6M | — | — |
| Net increase in finance receivables held for investment | ($216.7M) | ($30.5M) | ($196.1M) | ($45.0M) |
| Purchases of property, equipment and computer software | ($26.9M) | ($13.1M) | ($40.7M) | ($26.1M) |
| Investments in securities | ($1.6M) | ($1.1M) | ($1.1M) | ($700.0K) |
| Proceeds from sale of investments | $1.9M | — | — | — |
| Proceeds from the sale of property and equipment | $0 | $0 | $42.4M | $42.4M |
| Net cash used by investing activities | ($243.3M) | ($44.7M) | — | — |
| Net increase in book overdrafts | $3.4M | $3.1M | $13.1M | $500.0K |
| Net repayments of lines of credit | $0 | $19.6M | ($600.0K) | ($23.2M) |
| Net increase in obligations collateralized by finance receivables | $134.8M | ($63.1M) | $145.8M | $49.4M |
| Payments for debt issuance costs/amendments | $0 | $0 | ($400.0K) | ($400.0K) |
| Payments on long-term debt | ($2.8M) | ($1.4M) | ($210.0M) | ($210.0M) |
| Issuance of common stock under stock plans | 9.9M | 3.3M | 7.8M | 2.9M |
| Tax withholding payments for vested RSUs | ($9.4M) | ($9.2M) | ($6.5M) | ($6.5M) |
| Repurchase and retirement of common stock, including excise taxes | ($48.2M) | ($25.7M) | ($35.8M) | ($9.4M) |
| Repurchase and retirement of Series A Preferred Stock, including excise taxes | ($5.6M) | — | — | — |
| Dividends paid on Series A Preferred Stock | ($5.3M) | ($5.3M) | ($33.3M) | ($22.2M) |
| Net cash provided by (used by) financing activities | $76.8M | ($78.7M) | — | — |
| Effect of exchange rate changes on cash | ($13.5M) | ($4.7M) | $11.7M | $19.2M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $32.4M | $31.5M | ($37.3M) | ($34.9M) |
| Cash, cash equivalents and restricted cash at beginning of period | $185.4M | $185.4M | $183.7M | $183.7M |
| Cash, cash equivalents and restricted cash at end of period | $217.8M | $216.9M | $146.4M | $148.8M |
| Cash paid for interest | $66.6M | $33.4M | $85.6M | $58.1M |
| Cash paid for taxes, net of refunds | $39.2M | $23.1M | $29.6M | $27.3M |
| Accrual for repurchase of common stock | $100.0K | $700.0K | — | — |
Openlane Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.