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Openlane (OPLN) Financials

Openlane logo
$35.49 +0.19 (+0.54%)
Closing price 03:59 PM Eastern
Extended Trading
$35.50 +0.01 (+0.03%)
As of 04:13 PM Eastern
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Annual Income Statements for Openlane

Annual Income Statements for Openlane

This table shows Openlane's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 215 222 362 328 189 0.50 67 241 -199 49 -103
Consolidated Net Income / (Loss)		 215 222 362 328 189 0.50 67 241 -154 110 178
Net Income / (Loss) Continuing Operations		 215 222 174 118 92 -54 -0.80 29 -155 110 178
Total Pre-Tax Income 		341 355 158 152 130 -65 14 39 -147 158 192
Total Operating Income		 427 499 327 340 314 69 128 95 -136 182 197
Total Gross Profit		 1,142 1,323 1,030 73 1,165 583 658 1,529 828 832 893
Total Revenue		 2,691 3,150 2,239 1,395 2,782 1,327 1,451 1,529 1,696 1,789 1,935
Operating Revenue		 2,691 3,150 2,239 1,395 2,782 1,327 1,451 1,529 1,696 1,789 1,935
Total Cost of Revenue		 1,549 1,827 1,209 1,322 1,617 744 793 0.00 868 956 1,042
Operating Cost of Revenue		 1,549 1,827 1,209 1,322 1,617 744 793 - 868 956 1,042
Total Operating Expenses		 715 824 703 -267 851 513 531 1,435 964 650 696
Selling, General & Admin Expense		 502 583 532 609 662 375 421 436 422 409 445
Depreciation Expense		 213 241 172 172 189 109 110 100 102 95 92
Other Operating Expenses / (Income)		 - - - -1,048 - - - 932 190 146 152
Impairment Charge		 - - - 0.00 0.00 30 0.00 0.00 251 0.00 0.00
Other Special Charges / (Income)		 0.00 0.00 - - - 0.00 0.00 -34 0.00 0.00 7.00
Total Other Income / (Expense), net		 -87 -144 -168 -188 -184 -134 -113 -56 -11 -24 -4.40
Interest Expense		 91 144 191 191 192 128 126 57 26 22 18
Other Income / (Expense), net		 4.60 0.50 23 3.00 7.70 -5.80 13 1.30 16 -2.50 14
Income Tax Expense		 126 133 -16 34 38 -11 15 10 8.30 48 15
Net Income / (Loss) Discontinued Operations		 - - 188 210 96 54 67 213 0.70 0.00 0.00
Preferred Stock Dividends Declared		 - - - - - - - - 44 44 281
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - 0.00 16 0.00
Basic Earnings per Share		 $1.53 $1.62 $2.66 $2.44 $1.43 ($0.35) $0.16 $1.30 ($1.82) $0.46 ($0.96)
Weighted Average Basic Shares Outstanding		 140.10M 137.60M 136.30M 134.30M 128.86M 129.70M 121.18M 108.92M 108.05M 106.91M 106.30M
Diluted Earnings per Share		 $1.51 $1.60 $2.62 $2.42 $1.42 ($0.35) $0.16 $1.30 ($1.82) $0.45 ($0.96)
Weighted Average Diluted Shares Outstanding		 140.10M 137.60M 136.30M 134.30M 128.86M 129.70M 121.18M 108.92M 108.05M 106.91M 106.30M
Weighted Average Basic & Diluted Shares Outstanding		 140.10M 137.60M 136.30M 134.30M 128.86M 129.70M 121.18M 108.92M 108.05M 106.91M 106.30M

Quarterly Income Statements for Openlane

This table shows Openlane's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 14 19 11 28 52 19 17 48 -221 38 38
Consolidated Net Income / (Loss)		 14 19 11 28 52 37 33 48 60 49 44
Net Income / (Loss) Continuing Operations		 14 19 11 28 52 37 33 48 60 49 44
Total Pre-Tax Income 		21 29 18 42 69 53 52 56 32 65 61
Total Operating Income		 -73 37 24 43 -16 52 47 55 43 74 68
Total Gross Profit		 882 216 198 195 990 451 219 217 230 246 239
Total Revenue		 442 430 444 460 492 460 482 498 494 528 555
Operating Revenue		 442 430 444 460 492 460 482 498 494 528 555
Total Cost of Revenue		 -440 214 246 265 -498 9.30 263 282 264 282 315
Operating Cost of Revenue		 - 214 246 252 - - 254 270 276 272 306
Other Cost of Revenue		 - - - 13 - 9.30 8.70 12 - 10 8.90
Total Operating Expenses		 955 179 174 122 1,006 372 144 134 216 147 146
Selling, General & Admin Expense		 95 107 105 98 95 107 114 111 113 124 124
Depreciation Expense		 25 24 24 24 23 23 23 23 23 23 22
Other Special Charges / (Income)		 - - 0.00 0.00 - - 7.00 0.00 - - 0.00
Total Other Income / (Expense), net		 94 -7.60 -5.70 -32 85 -27 -23 -27 17 -33 -32
Interest Expense		 -91 7.10 5.50 35 -91 32 30 29 -18 35 36
Other Income / (Expense), net		 3.10 -0.50 -0.20 3.60 -5.40 5.00 7.40 2.20 -0.90 1.60 3.60
Income Tax Expense		 7.60 11 7.50 13 17 16 18 8.20 -28 16 17
Preferred Stock Dividends Declared		 - - - - - 11 11 - - 5.30 3.30
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - 6.40 5.60 - - 6.00 3.40
Basic Earnings per Share		 $0.03 $0.05 $0.00 $0.12 $0.29 $0.18 $0.16 $0.26 ($1.56) $0.35 $0.33
Weighted Average Basic Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M
Diluted Earnings per Share		 $0.03 $0.05 $0.00 $0.12 $0.28 $0.18 $0.15 $0.25 ($1.54) $0.35 $0.32
Weighted Average Diluted Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M
Weighted Average Basic & Diluted Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M

Annual Cash Flow Statements for Openlane

This table details how cash moves in and out of Openlane's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2.10 49 126 1.20 256 253 -581 74 -119 25 1.70
Net Cash From Operating Activities		 482 378 598 723 542 384 429 -455 235 291 392
Net Cash From Continuing Operating Activities		 482 378 359 439 381 179 234 4.10 237 293 392
Net Income / (Loss) Continuing Operations		 215 222 174 118 92 -54 -0.80 29 -155 110 178
Consolidated Net Income / (Loss)		 215 222 362 328 189 0.50 67 241 -154 110 178
Net Income / (Loss) Discontinued Operations		 - - 188 210 96 54 67 213 0.70 0.00 0.00
Depreciation Expense		 213 241 172 172 189 109 110 100 102 95 92
Amortization Expense		 7.20 8.80 10 11 12 12 12 11 8.70 9.10 8.90
Non-Cash Adjustments To Reconcile Net Income		 33 74 71 56 74 85 37 0.00 336 37 64
Changes in Operating Assets and Liabilities, net		 14 -167 -68 82 14 27 92 -135 -55 42 49
Net Cash From Discontinued Operating Activities		 - - 238 284 161 205 179 -459 -1.60 -1.40 0.00
Net Cash From Investing Activities		 -548 -764 -378 -381 -452 -327 -1,219 2,147 -84 -71 -149
Net Cash From Continuing Investing Activities		 -548 -764 -323 -315 -415 -289 -1,186 70 -91 -71 -149
Purchase of Property, Plant & Equipment		 -135 -155 -97 -131 -162 -63 -64 -61 -52 -53 -55
Acquisitions		 -118 -432 -72 -45 -121 -421 -522 -0.40 -103 0.00 0.00
Purchase of Investments		 0.00 0.00 -5.00 - 0.00 0.00 -23 -6.70 -1.30 -2.80 -1.50
Sale of Property, Plant & Equipment		 0.30 0.00 - 0.00 0.00 0.00 0.00 40 0.30 0.90 42
Divestitures		 - - - 0.00 0.00 24 2.20 0.00 0.00 80 0.00
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 39 0.30 0.70 0.90 0.80
Other Investing Activities, net		 -295 -176 -149 -139 -133 171 -619 98 65 -97 -135
Net Cash From Discontinued Investing Activities		 - - -55 -66 -37 -38 -32 2,077 7.00 0.00 0.00
Net Cash From Financing Activities		 87 436 -108 -320 154 195 210 -1,611 -280 -174 -258
Net Cash From Continuing Financing Activities		 87 436 -101 -316 -1,164 214 204 -1,622 -280 -174 -258
Repayment of Debt		 -53 -781 -2,553 -30 -1,744 -28 406 -1,405 -197 -147 -241
Repurchase of Preferred Equity		 - - - - - - - - 0.00 0.00 -559
Repurchase of Common Equity		 -228 -80 -150 -150 -120 -32 -181 -182 -22 -30 -46
Payment of Dividends		 -152 -157 -175 -188 -164 -49 0.00 -22 -44 -44 -39
Issuance of Debt		 490 1,433 2,782 101 951 -205 - 1.50 0.00 50 630
Issuance of Common Equity		 23 17 11 15 4.30 17 32 1.40 2.70 1.40 9.60
Other Financing Activities, net		 7.30 3.60 -16 -64 -92 -39 -53 -12 -19 -3.60 -13
Net Cash From Discontinued Financing Activities		 - - -7.00 -4.30 1,318 -19 6.40 11 0.00 0.00 0.00
Effect of Exchange Rate Changes		 -20 -1.90 14 -20 13 - -1.50 -19 9.20 -22 17
Other Net Changes in Cash		 - - - - - - - 12 - 0.00 0.00
Cash Interest Paid		 80 125 147 181 170 117 113 106 145 141 115
Cash Income Taxes Paid		 130 122 70 58 38 17 25 404 36 35 39

Quarterly Cash Flow Statements for Openlane

This table details how cash moves in and out of Openlane's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 6.80 -8.00 -22 32 23 73 -108 -2.40 39 32 0.90
Net Cash From Operating Activities		 19 100 37 121 33 123 72 72 126 160 53
Net Cash From Continuing Operating Activities		 21 100 38 122 33 123 72 72 126 160 53
Net Income / (Loss) Continuing Operations		 14 19 11 28 52 37 33 48 60 49 44
Consolidated Net Income / (Loss)		 14 19 11 28 52 37 33 48 60 49 44
Depreciation Expense		 25 24 24 24 23 23 23 23 23 23 22
Amortization Expense		 2.10 2.20 2.50 2.20 2.20 2.20 2.20 2.20 2.30 2.40 2.40
Non-Cash Adjustments To Reconcile Net Income		 20 23 17 17 -19 11 20 16 18 20 18
Changes in Operating Assets and Liabilities, net		 -40 33 -17 52 -26 50 -6.80 -16 23 65 -34
Net Cash From Investing Activities		 -51 -40 46 4.50 -81 -32 2.50 -166 47 -45 -199
Net Cash From Continuing Investing Activities		 -51 -40 46 4.50 -81 -32 2.50 -166 47 -45 -199
Purchase of Property, Plant & Equipment		 -12 -13 -13 -13 -14 -12 -14 -15 -15 -13 -14
Purchase of Investments		 -0.30 -0.40 -1.20 -0.30 -0.90 -0.60 -0.10 -0.40 -0.40 -1.10 -0.50
Other Investing Activities, net		 64 -26 60 17 -147 -20 -25 -151 61 -31 -186
Net Cash From Financing Activities		 32 -64 -103 -98 90 -19 -200 99 -138 -79 156
Net Cash From Continuing Financing Activities		 32 -64 -103 -98 90 -19 -200 99 -138 -79 156
Repayment of Debt		 111 -35 -48 -18 -46 -2.30 -235 23 -30 -65 62
Repurchase of Common Equity		 - 0.00 - - - -0.10 -9.30 -26 -9.80 -26 -23
Issuance of Debt		 -69 -33 -23 -37 143 1.70 52 96 484 20 115
Issuance of Common Equity		 0.60 0.40 0.40 0.20 0.40 2.10 0.80 4.90 1.80 3.30 6.60
Other Financing Activities, net		 0.80 15 -21 -2.30 4.30 -9.20 3.20 13 -19 -6.10 0.10
Effect of Exchange Rate Changes		 6.60 -4.90 -2.40 4.20 -19 1.00 18 -7.50 5.00 -4.70 -8.80
Cash Interest Paid		 39 36 38 31 35 26 32 28 30 33 33
Cash Income Taxes Paid		 7.50 15 14 4.80 0.60 18 7.70 2.30 11 23 16

Annual Balance Sheets for Openlane

This table presents Openlane's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,772 6,558 6,984 7,206 6,581 6,798 7,451 5,120 4,726 4,622 4,724
Total Current Assets		 2,446 2,841 3,137 3,314 3,245 3,175 3,392 3,022 2,842 2,852 3,012
Cash & Equivalents		 155 202 317 277 508 752 178 226 94 143 142
Restricted Cash		 16 18 19 28 53 60 26 52 65 41 44
Note & Lease Receivable		 1,632 1,780 1,900 2,001 2,100 1,889 2,506 2,395 2,282 2,323 2,425
Accounts Receivable		 512 683 726 455 448 367 381 271 292 248 314
Other Current Assets		 131 158 176 101 126 107 88 79 109 97 87
Plant, Property, & Equipment, net		 767 843 908 631 609 590 144 124 170 149 104
Total Noncurrent Assets		 2,559 2,874 2,939 3,261 1,798 3,033 3,915 1,974 1,715 1,622 1,609
Goodwill		 1,796 2,057 2,192 1,677 1,822 2,140 1,598 1,465 1,271 1,223 1,244
Intangible Assets		 729 781 726 500 -423 502 402 367 318 279 246
Other Noncurrent Operating Assets		 34 36 21 31 400 391 148 142 126 120 120
Total Liabilities & Shareholders' Equity		 5,772 6,558 6,984 7,206 6,581 6,798 7,451 5,120 4,726 4,622 4,724
Total Liabilities		 4,385 5,160 5,499 5,742 4,931 4,633 5,347 2,989 2,787 2,667 3,194
Total Current Liabilities		 2,214 2,335 2,389 2,625 2,518 2,251 3,009 2,643 2,479 2,566 2,604
Short-Term Debt		 1,343 1,386 1,371 1,458 1,490 1,286 1,709 1,966 1,787 1,883 1,764
Accounts Payable		 608 649 683 691 705 689 785 551 557 548 666
Accrued Expenses		 128 149 172 133 217 185 107 79 75 81 91
Current Deferred & Payable Income Tax Liabilities		 5.30 5.00 5.80 0.70 1.10 3.20 7.90 6.90 9.80 11 21
Current Employee Benefit Liabilities		 91 101 104 73 73 81 32 32 41 37 51
Other Current Nonoperating Liabilities		 0.80 2.20 7.30 222 7.90 6.50 368 7.80 10 7.20 11
Total Noncurrent Liabilities		 2,172 2,825 3,110 3,117 2,413 2,382 2,338 346 308 102 590
Long-Term Debt		 1,711 2,365 2,668 2,654 1,861 1,854 1,850 205 202 0.00 530
Noncurrent Deferred & Payable Income Tax Liabilities		 301 292 193 125 135 129 138 54 21 24 0.60
Other Noncurrent Operating Liabilities		 160 169 250 72 418 400 118 87 85 77 59
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - 0.00 550 591 613 613 613 290
Total Equity & Noncontrolling Interests		 1,386 1,397 1,485 1,464 1,650 1,616 1,513 1,518 1,327 1,343 1,241
Total Preferred & Common Equity		 1,386 1,397 1,485 1,464 1,650 1,616 1,513 1,518 1,327 1,343 1,241
Total Common Equity		 1,386 1,397 1,485 1,464 1,650 1,616 1,513 1,518 1,327 1,343 1,241
Common Stock		 1,409 1,373 1,253 1,133 1,030 1,048 912 745 739 722 694
Retained Earnings		 17 74 257 392 651 601 626 823 624 690 587
Accumulated Other Comprehensive Income / (Loss)		 -40 -49 -25 -61 -31 -33 -25 -50 -37 -69 -40

Quarterly Balance Sheets for Openlane

This table presents Openlane's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 5,148 4,897 4,729 4,818 4,618 4,626 4,806 4,638 4,817 4,900 5,006
Total Current Assets		 3,075 3,084 2,941 2,958 2,774 2,785 3,046 2,905 3,106 3,205 3,329
Cash & Equivalents		 220 242 110 105 61 132 221 119 119 180 190
Note & Lease Receivable		 2,385 2,397 2,358 2,293 2,220 2,193 2,333 2,356 2,495 2,444 2,621
Accounts Receivable		 340 315 340 391 292 300 345 306 354 416 391
Other Current Assets		 98 100 91 124 133 132 111 94 111 128 98
Plant, Property, & Equipment, net		 120 119 115 164 160 160 147 104 102 100 98
Total Noncurrent Assets		 1,953 1,694 1,673 1,697 1,684 1,681 1,614 1,629 1,608 1,594 1,580
Goodwill		 1,466 1,244 1,238 1,266 1,264 1,270 1,228 1,245 1,242 1,240 1,236
Intangible Assets		 359 323 310 308 298 290 269 262 254 237 229
Other Noncurrent Operating Assets		 127 128 126 123 121 122 117 122 113 117 114
Total Liabilities & Shareholders' Equity		 5,148 4,897 4,729 4,818 4,618 4,626 4,806 4,638 4,817 4,900 5,006
Total Liabilities		 3,010 2,951 2,811 2,876 2,677 2,686 2,822 2,610 2,778 3,356 3,435
Total Current Liabilities		 2,666 2,646 2,509 2,574 2,576 2,585 2,721 2,509 2,678 2,767 2,850
Short-Term Debt		 1,864 1,905 1,738 1,718 1,846 1,797 1,885 1,725 1,833 1,718 1,893
Accounts Payable		 684 626 646 744 600 651 710 645 691 899 803
Accrued Expenses		 79 71 76 73 85 90 85 84 92 90 85
Current Deferred & Payable Income Tax Liabilities		 2.50 2.30 3.30 5.00 3.20 4.40 3.80 5.60 9.70 18 16
Current Employee Benefit Liabilities		 24 34 34 23 33 32 26 44 47 31 43
Other Current Nonoperating Liabilities		 13 - 12 12 9.30 11 11 6.50 6.20 11 11
Total Noncurrent Liabilities		 343 304 303 302 101 101 101 101 100 589 585
Long-Term Debt		 206 201 201 201 0.00 0.00 0.00 0.00 0.00 530 529
Noncurrent Deferred & Payable Income Tax Liabilities		 53 22 23 19 20 21 25 26 27 0.50 0.50
Other Noncurrent Operating Liabilities		 84 81 78 82 81 80 76 75 73 59 55
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 613 613 613 613 613 613 613 613 613 290 0.00
Total Equity & Noncontrolling Interests		 1,526 1,334 1,306 1,330 1,328 1,327 1,372 1,416 1,427 1,254 1,571
Total Preferred & Common Equity		 1,526 1,334 1,306 1,330 1,328 1,327 1,372 1,416 1,427 1,254 1,571
Total Common Equity		 1,526 1,334 1,306 1,330 1,328 1,327 1,372 1,416 1,427 1,254 1,571
Common Stock		 749 753 735 745 747 721 722 715 697 671 957
Retained Earnings		 825 620 621 632 631 649 716 738 775 630 671
Accumulated Other Comprehensive Income / (Loss)		 -47 -38 -51 -46 -50 -42 -65 -37 -46 -48 -57

Annual Metrics And Ratios for Openlane

This table displays calculated financial ratios and metrics derived from Openlane's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.32% 17.08% -28.93% -37.70% 99.45% -52.30% 9.32% 5.42% 10.89% 5.47% 8.16%
EBITDA Growth		 11.32% 14.88% -29.10% -0.92% -0.65% -64.76% 42.24% -21.03% -104.83% 2,940.00% 9.47%
EBIT Growth		 13.21% 15.65% -30.11% -1.72% -6.21% -80.30% 120.82% -31.43% -225.21% 249.50% 17.03%
NOPAT Growth		 11.61% 15.98% 14.83% -26.59% -15.28% -78.29% -114.73% 1,083.70% -235.48% 233.40% 43.34%
Net Income Growth		 26.76% 3.63% 62.77% -9.39% -42.53% -99.73% 13,200.00% 262.71% -163.89% 171.32% 61.69%
EPS Growth		 26.89% 5.96% 62.77% -9.39% -41.32% -124.65% 145.71% 712.50% -240.00% 124.73% -313.33%
Operating Cash Flow Growth		 11.78% -21.59% 58.07% 20.99% -25.02% -29.08% 11.55% -206.11% 151.74% 23.79% 34.49%
Free Cash Flow Firm Growth		 -162.12% -1,748.21% 125.92% 1,209.23% -17.80% -192.66% 145.13% -72.03% 36.34% 55.17% -21.21%
Invested Capital Growth		 7.18% 15.49% 5.36% -17.95% -17.82% 27.32% -9.36% -1.12% -6.27% -3.12% -0.31%
Revenue Q/Q Growth		 2.86% 2.62% -33.79% -24.91% 110.89% -43.04% 90.44% 1.66% 4.25% 5.97% 2.07%
EBITDA Q/Q Growth		 0.90% 2.93% -35.71% 42.30% 17.20% -52.82% 125.28% -6.21% -106.48% -22.89% -9.23%
EBIT Q/Q Growth		 0.19% 2.50% -37.20% 35.61% 27.40% -66.35% 159.26% -8.31% -365.34% -31.36% -13.21%
NOPAT Q/Q Growth		 -0.15% 2.68% 1.17% -41.38% 18.87% -59.61% -124.79% -15.84% -641.04% -23.34% 4.96%
Net Income Q/Q Growth		 -0.92% -1.24% 54.24% -24.34% -20.13% -98.66% 50.11% 15.30% -17.36% 52.85% 4.22%
EPS Q/Q Growth		 0.00% -1.84% 54.24% -24.34% -22.40% -220.69% -56.76% 25.00% -14.47% 125.00% -211.63%
Operating Cash Flow Q/Q Growth		 15.06% -17.40% 3.91% 7.14% -10.50% -26.93% 40.45% -17.09% 4.30% 4.82% 31.03%
Free Cash Flow Firm Q/Q Growth		 47.40% -16.47% -62.59% 457.74% 8.36% -218.89% 24.97% 120.41% -66.17% -17.01% 580.08%
Invested Capital Q/Q Growth		 1.50% 2.51% 5.64% -17.21% -20.92% 17.86% 16.02% -3.19% 1.70% 2.08% -2.18%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 42.45% 41.99% 45.99% 5.26% 41.87% 43.91% 45.37% 100.00% 100.00% 100.00% 46.15%
EBITDA Margin		 24.23% 23.77% 23.72% 37.72% 18.79% 13.88% 18.06% 13.53% -0.59% 15.88% 16.07%
Operating Margin		 15.88% 15.84% 14.58% 24.38% 11.29% 5.22% 8.79% 6.19% -8.01% 10.19% 10.16%
EBIT Margin		 16.05% 15.86% 15.59% 24.60% 11.57% 4.78% 9.65% 6.28% -7.09% 10.05% 10.87%
Profit (Net Income) Margin		 7.98% 7.06% 16.17% 23.52% 6.78% 0.04% 4.58% 15.77% -9.09% 6.14% 9.19%
Tax Burden Percent		 63.03% 62.60% 228.54% 215.93% 144.89% -0.77% 465.04% 624.87% 105.19% 69.60% 92.46%
Interest Burden Percent		 78.84% 71.13% 45.37% 44.27% 40.43% -102.21% 10.21% 40.21% 121.88% 87.87% 91.39%
Effective Tax Rate		 36.98% 37.41% -9.85% 22.58% 28.98% 0.00% 105.59% 25.91% 0.00% 30.40% 7.54%
Return on Invested Capital (ROIC)		 6.47% 6.73% 7.02% 5.52% 5.70% 1.21% -0.17% 1.73% -2.43% 3.41% 4.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.44% 3.96% 7.11% 7.48% 4.23% -1.07% 3.25% 10.56% -5.59% 2.45% 4.76%
Return on Net Nonoperating Assets (RNNOA)		 8.16% 9.25% 18.10% 16.72% 6.41% -1.18% 3.28% 9.66% -5.14% 2.24% 5.22%
Return on Equity (ROE)		 14.63% 15.98% 25.12% 22.24% 12.11% 0.03% 3.12% 11.39% -7.57% 5.64% 10.20%
Cash Return on Invested Capital (CROIC)		 -0.46% -7.64% 1.80% 25.24% 25.26% -22.83% 9.65% 2.85% 4.04% 6.58% 5.28%
Operating Return on Assets (OROA)		 7.77% 8.10% 5.16% 4.84% 4.67% 0.95% 1.97% 1.53% -2.44% 3.84% 4.50%
Return on Assets (ROA)		 3.86% 3.61% 5.35% 4.62% 2.73% 0.01% 0.93% 3.84% -3.13% 2.35% 3.80%
Return on Common Equity (ROCE)		 14.63% 15.98% 25.12% 22.24% 12.11% 0.02% 2.28% 8.15% -5.29% 3.87% 7.56%
Return on Equity Simple (ROE_SIMPLE)		 15.48% 15.92% 24.38% 22.40% 11.42% 0.03% 4.40% 15.89% -11.61% 8.19% 0.00%
Net Operating Profit after Tax (NOPAT)		 269 312 359 263 223 48 -7.13 70 -95 127 182
NOPAT Margin		 10.01% 9.92% 16.02% 18.88% 8.02% 3.65% -0.49% 4.59% -5.61% 7.09% 9.40%
Net Nonoperating Expense Percent (NNEP)		 2.03% 2.77% -0.09% -1.96% 1.47% 2.27% -3.42% -8.83% 3.16% 0.95% 0.21%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 1.90% -2.87% 3.93% 5.14%
Cost of Revenue to Revenue		 57.55% 58.01% 54.01% 94.74% 58.13% 56.09% 54.63% 0.00% 0.00% 0.00% 53.85%
SG&A Expenses to Revenue		 18.66% 18.51% 23.75% 43.65% 23.80% 28.22% 29.00% 28.53% 24.87% 22.85% 23.01%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 26.57% 26.15% 31.41% -19.13% 30.58% 38.69% 36.58% 93.81% 108.01% 89.81% 35.99%
Earnings before Interest and Taxes (EBIT)		 432 500 349 343 322 63 140 96 -120 180 210
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 652 749 531 526 523 184 262 207 -10 284 311
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.24 3.83 4.30 4.20 1.68 1.49 1.25 0.94 1.21 1.58 2.64
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 10.99 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.67 1.70 2.85 4.41 1.00 1.81 1.30 0.93 0.94 1.19 1.70
Price to Earnings (P/E)		 20.91 24.03 17.63 18.76 14.69 4,810.74 28.46 5.89 0.00 19.29 0.00
Dividend Yield		 8.71% 8.10% 7.31% 8.06% 5.02% 4.94% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.78% 4.16% 5.67% 5.33% 6.81% 0.02% 3.51% 16.97% 0.00% 5.18% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.71 1.78 1.92 2.32 1.57 1.17 1.43 0.97 1.07 1.21 1.56
Enterprise Value to Revenue (EV/Rev)		 2.74 2.82 4.50 7.14 2.00 3.98 4.02 2.57 2.38 2.48 2.94
Enterprise Value to EBITDA (EV/EBITDA)		 11.31 11.85 18.99 18.93 10.63 28.68 22.28 18.98 0.00 15.60 18.27
Enterprise Value to EBIT (EV/EBIT)		 17.07 17.77 28.88 29.03 17.27 83.32 41.70 40.91 0.00 24.66 27.01
Enterprise Value to NOPAT (EV/NOPAT)		 27.37 28.42 28.11 37.83 24.92 109.05 0.00 55.98 0.00 34.94 31.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.29 23.48 16.87 13.78 10.26 13.74 13.62 0.00 17.17 15.21 14.49
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 109.65 8.27 5.62 0.00 14.11 33.93 25.61 18.09 29.43
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.20 2.68 2.72 2.81 2.03 1.45 1.69 1.02 1.03 0.96 1.50
Long-Term Debt to Equity		 1.23 1.69 1.80 1.81 1.13 0.86 0.88 0.10 0.10 0.00 0.35
Financial Leverage		 1.84 2.33 2.54 2.24 1.52 1.11 1.01 0.92 0.92 0.91 1.10
Leverage Ratio		 3.79 4.43 4.70 4.81 4.43 3.51 3.34 2.97 2.42 2.40 2.68
Compound Leverage Factor		 2.99 3.15 2.13 2.13 1.79 -3.58 0.34 1.19 2.95 2.11 2.45
Debt to Total Capital		 68.78% 72.86% 73.11% 73.75% 67.01% 59.18% 62.84% 50.47% 50.63% 49.06% 59.98%
Short-Term Debt to Total Capital		 30.24% 26.91% 24.81% 26.15% 29.79% 24.23% 30.18% 45.70% 45.48% 49.06% 46.12%
Long-Term Debt to Total Capital		 38.54% 45.94% 48.30% 47.59% 37.21% 34.95% 32.67% 4.77% 5.15% 0.00% 13.86%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 10.36% 10.44% 14.24% 15.59% 15.96% 7.58%
Common Equity to Total Capital		 31.22% 27.14% 26.89% 26.25% 32.99% 30.46% 26.72% 35.29% 33.78% 34.98% 32.44%
Debt to EBITDA		 4.68 5.01 7.60 7.82 6.41 17.04 13.58 10.50 -198.89 6.63 7.38
Net Debt to EBITDA		 4.42 4.71 6.97 7.24 5.34 12.63 12.81 9.15 -183.00 5.98 6.78
Long-Term Debt to EBITDA		 2.62 3.16 5.02 5.05 3.56 10.06 7.06 0.99 -20.24 0.00 1.71
Debt to NOPAT		 11.34 12.01 11.26 15.62 15.02 64.81 -498.86 30.95 -20.92 14.85 12.62
Net Debt to NOPAT		 10.70 11.30 10.32 14.46 12.51 48.04 -470.34 26.99 -19.25 13.40 11.60
Long-Term Debt to NOPAT		 6.35 7.57 7.44 10.08 8.34 38.27 -259.32 2.93 -2.13 0.00 2.92
Altman Z-Score		 1.38 1.46 1.36 1.18 1.19 0.82 0.65 0.96 0.90 1.28 1.45
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 14.41% 26.72% 28.42% 30.10% 31.45% 25.89%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.10 1.22 1.31 1.26 1.29 1.41 1.13 1.14 1.15 1.11 1.16
Quick Ratio		 1.04 1.14 1.23 1.04 1.21 1.34 1.02 1.09 1.08 1.06 1.11
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -355 92 1,204 990 -917 414 116 158 245 193
Operating Cash Flow to CapEx		 358.71% 243.71% 614.08% 550.57% 335.40% 612.10% 667.91% -2,156.40% 455.32% 559.31% 3,014.62%
Free Cash Flow to Firm to Interest Expense		 -0.21 -2.46 0.48 6.30 5.16 -7.15 3.29 2.02 6.00 11.23 10.66
Operating Cash Flow to Interest Expense		 5.27 2.62 3.13 3.78 2.83 3.00 3.41 -7.93 8.95 13.37 21.65
Operating Cash Flow Less CapEx to Interest Expense		 3.80 1.55 2.62 3.09 1.98 2.51 2.90 -8.29 6.98 10.98 20.93
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.48 0.51 0.33 0.20 0.40 0.20 0.20 0.24 0.34 0.38 0.41
Accounts Receivable Turnover		 5.89 5.27 3.18 2.36 6.16 3.26 3.88 4.69 6.03 6.62 6.88
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 3.60 3.91 2.56 1.81 4.49 2.21 3.96 11.45 11.56 11.21 15.26
Accounts Payable Turnover		 2.87 2.91 1.82 1.92 2.32 1.07 1.08 0.00 0.00 0.00 1.72
Days Sales Outstanding (DSO)		 61.93 69.22 114.81 154.41 59.21 112.12 94.17 77.81 60.54 55.10 53.05
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 127.30 125.52 200.93 189.75 157.54 341.68 339.48 0.00 0.00 0.00 212.58
Cash Conversion Cycle (CCC)		 -65.36 -56.30 -86.12 -35.34 -98.32 -229.56 -245.32 77.81 60.54 55.10 -159.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,307 4,974 5,241 4,300 3,534 4,499 4,078 4,033 3,780 3,662 3,650
Invested Capital Turnover		 0.65 0.68 0.44 0.29 0.71 0.33 0.34 0.38 0.43 0.48 0.53
Increase / (Decrease) in Invested Capital		 289 667 267 -941 -767 965 -421 -46 -253 -118 -11
Enterprise Value (EV)		 7,371 8,876 10,083 9,961 5,559 5,282 5,838 3,928 4,042 4,431 5,680
Market Capitalization		 4,488 5,345 6,381 6,153 2,768 2,405 1,892 1,421 1,600 2,120 3,281
Book Value per Share		 $10.08 $10.11 $10.98 $10.88 $12.81 $12.50 $12.49 $13.94 $12.28 $12.57 $11.68
Tangible Book Value per Share		 ($8.28) ($10.43) ($10.59) ($5.29) $1.96 ($7.94) ($4.02) ($2.88) ($2.42) ($1.49) ($2.34)
Total Capital		 4,440 5,148 5,523 5,577 5,002 5,305 5,662 4,302 3,928 3,838 3,824
Total Debt		 3,054 3,751 4,038 4,113 3,351 3,139 3,558 2,172 1,989 1,883 2,294
Total Long-Term Debt		 1,711 2,365 2,668 2,654 1,861 1,854 1,850 205 202 0.00 530
Net Debt		 2,883 3,531 3,702 3,808 2,790 2,327 3,355 1,894 1,830 1,699 2,109
Capital Expenditures (CapEx)		 134 155 97 131 162 63 64 21 52 52 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,404 1,672 1,782 1,843 1,656 1,398 1,888 2,068 1,991 1,985 1,986
Debt-free Net Working Capital (DFNWC)		 1,575 1,892 2,119 2,148 2,217 2,210 2,091 2,346 2,150 2,169 2,172
Net Working Capital (NWC)		 232 506 748 689 727 925 383 379 363 286 408
Net Nonoperating Expense (NNE)		 55 90 -3.34 -65 35 48 -74 -171 59 17 4.07
Net Nonoperating Obligations (NNO)		 2,921 3,577 3,756 2,836 1,884 2,334 1,974 1,902 1,840 1,706 2,120
Total Depreciation and Amortization (D&A)		 220 249 182 183 201 121 122 111 110 104 101
Debt-free, Cash-free Net Working Capital to Revenue		 52.18% 53.08% 79.60% 132.14% 59.52% 105.34% 130.13% 135.22% 117.40% 110.99% 102.67%
Debt-free Net Working Capital to Revenue		 58.54% 60.05% 94.64% 153.99% 79.69% 166.56% 144.15% 153.38% 126.77% 121.26% 112.25%
Net Working Capital to Revenue		 8.63% 16.07% 33.42% 49.43% 26.13% 69.68% 26.37% 24.80% 21.41% 15.99% 21.08%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.58 $0.62 $1.01 $0.93 $1.43 ($0.16) $0.16 $0.00 ($1.82) $0.46 ($0.96)
Adjusted Weighted Average Basic Shares Outstanding		 360.81M 359.97M 353.86M 349.89M 128.86M 129.70M 121.18M 0.00 108.05M 106.91M 106.30M
Adjusted Diluted Earnings per Share		 $0.57 $0.61 $1.00 $0.92 $1.42 ($0.16) $0.16 $0.00 ($1.82) $0.45 ($0.96)
Adjusted Weighted Average Diluted Shares Outstanding		 360.81M 359.97M 353.86M 349.89M 128.86M 129.70M 121.18M 0.00 108.05M 106.91M 106.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 360.81M 359.97M 353.86M 349.89M 128.86M 129.70M 121.18M 0.00 108.05M 106.91M 106.30M
Normalized Net Operating Profit after Tax (NOPAT)		 269 312 229 263 223 69 89 45 81 127 188
Normalized NOPAT Margin		 10.01% 9.92% 10.21% 18.88% 8.02% 5.22% 6.15% 2.95% 4.75% 7.09% 9.73%
Pre Tax Income Margin		 12.66% 11.28% 7.08% 10.89% 4.68% -4.88% 0.99% 2.52% -8.64% 8.83% 9.94%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.73 3.46 1.83 1.79 1.68 0.49 1.11 1.67 -4.57 8.24 11.62
NOPAT to Interest Expense		 2.95 2.17 1.88 1.38 1.16 0.38 -0.06 1.22 -3.61 5.82 10.04
EBIT Less CapEx to Interest Expense		 3.25 2.39 1.32 1.11 0.84 0.00 0.60 1.30 -6.54 5.85 10.90
NOPAT Less CapEx to Interest Expense		 1.48 1.09 1.37 0.69 0.32 -0.11 -0.57 0.85 -5.58 3.43 9.32
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 70.78% 70.64% 48.29% 57.41% 87.16% 9,800.00% 0.00% 9.20% -28.81% 40.40% 21.72%
Augmented Payout Ratio		 176.84% 106.79% 89.72% 103.14% 150.66% 16,220.00% 272.03% 84.74% -43.22% 67.70% 47.38%

Quarterly Metrics And Ratios for Openlane

This table displays calculated financial ratios and metrics derived from Openlane's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 106,297,229.00 105,946,106.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 106,297,229.00 105,946,106.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.35 0.35
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.50% -1.02% 3.57% 7.71% 11.34% 7.02% 8.54% 8.40% 8.64% 14.74% 15.13%
EBITDA Growth		 -200.23% 14.25% 157.00% 10.06% 108.43% 29.94% 59.05% 13.87% -31.98% 23.41% 19.75%
EBIT Growth		 -527.44% 18.18% 132.10% 18.52% 69.19% 56.20% 131.22% 24.08% -43.48% 32.98% 29.74%
NOPAT Growth		 -870.34% 5.88% 124.10% 50.66% 73.85% 55.26% 117.93% 61.46% 33.22% 52.67% 59.82%
Net Income Growth		 -61.46% 45.67% 105.52% 123.62% 265.73% 99.46% 212.15% 68.66% 13.77% 32.52% 32.63%
EPS Growth		 -88.46% 400.00% 100.00% 1,100.00% 833.33% 260.00% 0.00% 108.33% -650.00% 94.44% 113.33%
Operating Cash Flow Growth		 101.04% 4.27% -19.40% 64.54% 69.43% 22.36% 91.44% -40.38% 283.79% 30.18% -26.26%
Free Cash Flow Firm Growth		 298.37% -35.32% -30.85% -62.72% -48.62% -50.70% -35.90% -161.62% -48.89% -28.99% -245.09%
Invested Capital Growth		 -6.27% -6.24% -3.21% -3.49% -3.12% -2.62% -1.54% 4.04% -0.31% -1.09% 4.85%
Revenue Q/Q Growth		 6.15% 6.39% 3.72% 3.84% 9.72% -6.48% 4.69% 3.47% -0.82% 6.80% 5.06%
EBITDA Q/Q Growth		 -145.72% 8.53% -13.84% 25.06% -96.50% 2,166.67% -1.96% 2.63% -18.15% 49.85% -4.87%
EBIT Q/Q Growth		 -208.18% 13.88% -19.30% 38.13% -128.13% 362.50% -3.35% 4.38% -27.27% 81.25% -5.70%
NOPAT Q/Q Growth		 -241.23% 19.41% -25.39% 52.70% -124.51% 394.81% -15.41% 53.36% 69.87% -30.72% -11.44%
Net Income Q/Q Growth		 12.60% 29.37% -42.16% 165.42% 84.15% -29.45% -9.49% 43.41% 24.22% -17.82% -9.41%
EPS Q/Q Growth		 200.00% 66.67% -100.00% 0.00% 133.33% -35.71% -16.67% 66.67% -716.00% 122.73% -8.57%
Operating Cash Flow Q/Q Growth		 -73.78% 419.17% -62.67% 223.80% -73.00% 274.92% -41.60% 0.84% 73.82% 27.17% -66.92%
Free Cash Flow Firm Q/Q Growth		 -57.30% 0.67% -47.03% 16.37% -41.14% 26.25% -34.86% -212.43% 192.98% 4.28% -233.09%
Invested Capital Q/Q Growth		 1.70% -1.53% -1.47% -2.19% 2.08% -1.01% -0.38% 3.35% -2.18% -1.79% 5.61%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 199.62% 100.00% 43.05% 43.80% 201.20% 47.49% 47.19% 43.48% 46.59% 46.58% 43.15%
EBITDA Margin		 -9.66% 22.92% 19.04% 22.93% 0.73% 17.74% 16.61% 16.47% 13.60% 19.08% 17.27%
Operating Margin		 -16.56% 16.67% 12.92% 16.32% -3.29% 11.24% 9.84% 11.04% 8.60% 13.98% 12.17%
EBIT Margin		 -15.86% 16.55% 12.88% 17.13% -4.39% 12.32% 11.38% 11.48% 8.42% 14.28% 12.82%
Profit (Net Income) Margin		 3.24% 4.44% 2.48% 6.33% 10.63% 8.02% 6.93% 9.61% 12.04% 9.26% 7.99%
Tax Burden Percent		 67.45% 63.36% 58.79% 68.43% 75.80% 70.02% 64.60% 85.38% 187.70% 74.89% 72.50%
Interest Burden Percent		 -30.24% 42.38% 32.73% 54.04% -319.44% 92.95% 94.34% 98.08% 76.20% 86.60% 85.94%
Effective Tax Rate		 35.85% 36.64% 41.21% 31.57% 24.20% 29.98% 35.40% 14.62% -87.70% 25.11% 27.50%
Return on Invested Capital (ROIC)		 -4.61% 4.51% 3.37% 5.16% -1.20% 3.90% 3.24% 4.88% 8.54% 5.82% 4.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.34% 3.10% 2.14% 3.90% 2.44% 3.94% 3.41% 4.94% 7.48% 5.47% 4.71%
Return on Net Nonoperating Assets (RNNOA)		 -1.23% 2.74% 1.96% 3.49% 2.22% 3.43% 2.84% 4.14% 8.21% 5.71% 4.97%
Return on Equity (ROE)		 -5.84% 7.24% 5.33% 8.65% 1.02% 7.32% 6.09% 9.02% 16.75% 11.52% 9.92%
Cash Return on Invested Capital (CROIC)		 4.04% 6.42% 7.21% 8.08% 6.58% 6.45% 5.81% 0.78% 5.28% 6.72% 1.31%
Operating Return on Assets (OROA)		 -5.46% 5.45% 4.48% 6.18% -1.68% 4.66% 4.56% 4.61% 3.48% 5.89% 5.52%
Return on Assets (ROA)		 1.11% 1.46% 0.86% 2.29% 4.07% 3.03% 2.78% 3.86% 4.98% 3.82% 3.44%
Return on Common Equity (ROCE)		 -4.09% 5.07% 3.65% 5.90% 0.70% 5.04% 4.21% 6.25% 12.41% 8.57% 8.23%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -11.15% 4.23% 5.42% 0.00% 9.35% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -47 44 33 50 -12 36 31 47 80 55 49
NOPAT Margin		 -10.63% 10.56% 7.60% 11.17% -2.50% 7.87% 6.36% 9.42% 16.14% 10.47% 8.82%
Net Nonoperating Expense Percent (NNEP)		 -3.27% 1.41% 1.24% 1.26% -3.64% -0.04% -0.17% -0.06% 1.06% 0.35% 0.24%
Return On Investment Capital (ROIC_SIMPLE)		 -1.42% - - - -0.38% 1.11% 0.98% 1.44% 2.26% 1.58% 1.23%
Cost of Revenue to Revenue		 -99.62% 0.00% 56.95% 56.20% -101.20% 52.51% 52.81% 56.52% 53.41% 53.42% 56.85%
SG&A Expenses to Revenue		 21.54% 26.11% 24.55% 22.17% 19.21% 23.30% 23.73% 22.25% 22.82% 23.57% 22.32%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 216.18% 83.33% 30.13% 27.48% 204.49% 36.25% 37.35% 26.81% 43.68% 27.90% 26.34%
Earnings before Interest and Taxes (EBIT)		 -70 69 56 77 -22 57 55 57 42 75 71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -43 95 82 103 3.60 82 80 82 67 101 96
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.21 1.40 1.35 1.38 1.58 1.50 1.85 2.14 2.64 2.47 2.78
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 41.34
Price to Revenue (P/Rev)		 0.94 1.14 1.09 1.09 1.19 1.13 1.41 1.61 1.70 1.55 2.11
Price to Earnings (P/E)		 0.00 0.00 31.97 25.50 19.29 16.07 17.39 17.94 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 3.13% 3.92% 5.18% 6.22% 5.75% 5.57% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.07 1.14 1.13 1.14 1.21 1.19 1.33 1.44 1.56 1.51 1.74
Enterprise Value to Revenue (EV/Rev)		 2.38 2.59 2.49 2.42 2.48 2.37 2.59 2.84 2.94 2.71 3.18
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 32.06 11.50 11.08 15.60 14.21 14.48 15.72 18.27 16.42 19.09
Enterprise Value to EBIT (EV/EBIT)		 0.00 202.31 16.52 15.59 24.66 21.50 20.82 22.23 27.01 23.66 26.91
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 28.06 24.68 34.94 30.86 31.06 31.10 31.25 26.75 29.52
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.17 17.74 17.90 14.68 15.21 13.71 13.83 18.01 14.49 12.64 16.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 25.61 17.21 15.35 13.83 18.09 18.17 22.77 189.79 29.43 22.38 136.28
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.03 0.99 0.95 0.93 0.96 0.95 0.85 0.90 1.50 1.46 1.54
Long-Term Debt to Equity		 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.35 0.34 0.34
Financial Leverage		 0.92 0.88 0.92 0.89 0.91 0.87 0.83 0.84 1.10 1.04 1.06
Leverage Ratio		 2.42 2.44 2.45 2.43 2.40 2.45 2.33 2.37 2.68 2.75 2.68
Compound Leverage Factor		 -0.73 1.04 0.80 1.31 -7.67 2.28 2.20 2.33 2.04 2.38 2.30
Debt to Total Capital		 50.63% 49.68% 48.74% 48.09% 49.06% 48.71% 45.96% 47.33% 59.98% 59.29% 60.65%
Short-Term Debt to Total Capital		 45.48% 44.49% 48.74% 48.09% 49.06% 48.71% 45.96% 47.33% 46.12% 45.32% 47.40%
Long-Term Debt to Total Capital		 5.15% 5.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.86% 13.97% 13.25%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 15.59% 15.86% 16.18% 16.39% 15.96% 15.83% 16.32% 15.82% 7.58% 7.64% 0.00%
Common Equity to Total Capital		 33.78% 34.45% 35.08% 35.52% 34.98% 35.46% 37.72% 36.85% 32.44% 33.07% 39.35%
Debt to EBITDA		 -198.89 14.48 5.14 4.88 6.63 6.23 5.19 5.35 7.38 6.81 7.00
Net Debt to EBITDA		 -183.00 13.34 4.78 4.44 5.98 5.38 4.74 5.00 6.78 6.15 6.45
Long-Term Debt to EBITDA		 -20.24 1.51 0.00 0.00 0.00 0.00 0.00 0.00 1.71 1.61 1.53
Debt to NOPAT		 -20.92 -2,283.45 12.55 10.86 14.85 13.52 11.13 10.58 12.62 11.10 10.83
Net Debt to NOPAT		 -19.25 -2,103.81 11.67 9.89 13.40 11.68 10.17 9.89 11.60 10.03 9.98
Long-Term Debt to NOPAT		 -2.13 -238.69 0.00 0.00 0.00 0.00 0.00 0.00 2.92 2.61 2.37
Altman Z-Score		 0.93 1.06 1.04 1.08 1.13 1.15 1.37 1.43 1.33 1.30 1.53
Noncontrolling Interest Sharing Ratio		 30.10% 30.02% 31.51% 31.75% 31.45% 31.19% 30.87% 30.79% 25.89% 25.57% 17.02%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.15 1.15 1.08 1.08 1.11 1.12 1.16 1.16 1.16 1.16 1.17
Quick Ratio		 1.08 1.08 1.00 1.02 1.06 1.07 1.11 1.11 1.11 1.10 1.12
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 206 292 155 180 106 134 87 -98 91 95 -126
Operating Cash Flow to CapEx		 158.20% 776.74% 287.69% 968.80% 233.57% 1,066.09% 0.00% 494.52% 853.74% 1,218.32% 382.61%
Free Cash Flow to Firm to Interest Expense		 0.00 7.35 4.13 5.09 0.00 33.40 28.07 -3.35 0.00 2.72 -3.54
Operating Cash Flow to Interest Expense		 0.00 2.52 1.00 3.43 0.00 30.65 23.10 2.47 0.00 4.57 1.48
Operating Cash Flow Less CapEx to Interest Expense		 0.00 2.20 0.65 3.08 0.00 27.78 32.06 1.97 0.00 4.20 1.09
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.34 0.33 0.35 0.36 0.38 0.38 0.40 0.40 0.41 0.41 0.43
Accounts Receivable Turnover		 6.03 4.49 5.46 5.27 6.62 4.94 6.21 5.79 6.88 5.26 5.95
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 11.56 11.56 11.86 12.29 11.21 11.72 14.04 14.48 15.26 16.21 20.53
Accounts Payable Turnover		 0.00 0.90 1.45 1.43 0.00 0.04 0.06 0.08 1.72 1.63 1.89
Days Sales Outstanding (DSO)		 60.54 81.34 66.88 69.20 55.10 73.90 58.78 62.99 53.05 69.37 61.31
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 405.02 251.60 255.85 0.00 9,582.90 6,278.10 4,636.81 212.58 223.50 193.36
Cash Conversion Cycle (CCC)		 60.54 -323.68 -184.71 -186.65 55.10 -9,509.00 -6,219.32 -4,573.83 -159.53 -154.13 -132.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,780 3,722 3,667 3,587 3,662 3,624 3,611 3,732 3,650 3,585 3,786
Invested Capital Turnover		 0.43 0.43 0.44 0.46 0.48 0.50 0.51 0.52 0.53 0.56 0.56
Increase / (Decrease) in Invested Capital		 -253 -248 -122 -130 -118 -97 -56 145 -11 -40 175
Enterprise Value (EV)		 4,042 4,248 4,126 4,082 4,431 4,303 4,814 5,385 5,680 5,419 6,601
Market Capitalization		 1,600 1,869 1,797 1,833 2,120 2,061 2,626 3,059 3,281 3,099 4,369
Book Value per Share		 $12.28 $12.28 $12.26 $12.22 $12.57 $12.84 $13.18 $13.42 $11.68 $11.79 $14.83
Tangible Book Value per Share		 ($2.42) ($2.25) ($2.16) ($2.14) ($1.49) ($1.17) ($0.85) ($0.65) ($2.34) ($2.10) $1.00
Total Capital		 3,928 3,861 3,786 3,736 3,838 3,870 3,753 3,872 3,824 3,791 3,993
Total Debt		 1,989 1,918 1,846 1,797 1,883 1,885 1,725 1,833 2,294 2,248 2,422
Total Long-Term Debt		 202 201 0.00 0.00 0.00 0.00 0.00 0.00 530 530 529
Net Debt		 1,830 1,767 1,717 1,636 1,699 1,629 1,576 1,713 2,109 2,031 2,232
Capital Expenditures (CapEx)		 12 13 13 13 14 12 -28 15 15 13 14
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,991 1,951 1,915 1,836 1,985 1,954 1,971 2,142 1,986 1,940 2,181
Debt-free Net Working Capital (DFNWC)		 2,150 2,102 2,044 1,996 2,169 2,210 2,120 2,261 2,172 2,156 2,371
Net Working Capital (NWC)		 363 385 198 200 286 325 395 429 408 438 478
Net Nonoperating Expense (NNE)		 -61 25 22 22 -65 -0.70 -2.78 -0.94 20 6.37 4.64
Net Nonoperating Obligations (NNO)		 1,840 1,779 1,726 1,647 1,706 1,640 1,583 1,693 2,120 2,041 2,215
Total Depreciation and Amortization (D&A)		 27 27 27 26 25 25 25 25 26 25 25
Debt-free, Cash-free Net Working Capital to Revenue		 117.40% 118.92% 115.66% 108.75% 110.99% 107.42% 106.18% 113.02% 102.67% 96.86% 105.10%
Debt-free Net Working Capital to Revenue		 126.77% 128.12% 123.43% 118.27% 121.26% 121.53% 114.20% 119.31% 112.25% 107.70% 114.24%
Net Working Capital to Revenue		 21.41% 23.44% 11.96% 11.82% 15.99% 17.86% 21.30% 22.61% 21.08% 21.89% 23.05%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.03 $0.05 $0.00 $0.12 $0.29 $0.18 $0.16 $0.26 ($1.56) $0.35 $0.33
Adjusted Weighted Average Basic Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M
Adjusted Diluted Earnings per Share		 $0.03 $0.05 $0.00 $0.12 $0.28 $0.18 $0.15 $0.25 ($1.54) $0.35 $0.32
Adjusted Weighted Average Diluted Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 108.05M 108.30M 108.62M 106.84M 106.91M 107.38M 106.30M 106.26M 106.30M 105.95M 122.80M
Normalized Net Operating Profit after Tax (NOPAT)		 -47 44 33 50 -12 36 35 47 30 55 49
Normalized NOPAT Margin		 -10.63% 10.56% 7.60% 11.17% -2.50% 7.87% 7.30% 9.42% 6.02% 10.47% 8.82%
Pre Tax Income Margin		 4.80% 7.01% 4.21% 9.26% 14.02% 11.45% 10.73% 11.26% 6.41% 12.37% 11.02%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 1.74 1.49 2.18 0.00 14.18 17.68 1.96 0.00 2.16 1.99
NOPAT to Interest Expense		 0.00 1.11 0.88 1.42 0.00 9.05 9.88 1.61 0.00 1.58 1.37
EBIT Less CapEx to Interest Expense		 0.00 1.41 1.14 1.82 0.00 11.30 26.65 1.46 0.00 1.79 1.61
NOPAT Less CapEx to Interest Expense		 0.00 0.78 0.53 1.07 0.00 6.18 18.85 1.11 0.00 1.21 0.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -28.81% -29.94% 79.00% 61.75% 40.40% 34.61% 29.40% 26.04% 21.72% 17.29% 10.82%
Augmented Payout Ratio		 -43.22% -29.94% 79.00% 103.48% 67.70% 58.07% 55.50% 47.04% 47.38% 54.82% 52.89%

Financials Breakdown Chart

Key Financial Trends

OPENLANE (NYSE: OPLN) showed a mixed but generally improving operating picture in Q1 2026, with stronger revenue growth and solid operating cash flow, but leverage and capital structure remain important areas to watch.

For the quarter ended March 31, 2026, revenue rose to $527.9 million from $494.3 million in Q4 2025 and $460.1 million in Q1 2025. Gross profit also improved to $245.9 million, and operating income increased to $73.8 million. Net income attributable to common shareholders came in at $37.6 million, or $0.35 per share.

Cash generation was another bright spot. OPENLANE produced $159.6 million in operating cash flow in Q1 2026, up from $125.5 million in Q4 2025 and $122.6 million in Q1 2025. That suggests the business continues to convert earnings into cash at a healthy rate, even after spending on working capital and interest.

  • Revenue momentum improved: Q1 2026 revenue of $527.9 million topped both Q4 2025 and Q1 2025, showing continued top-line growth.
  • Operating profit expanded: Operating income rose to $73.8 million, up from $42.5 million in Q4 2025 and $51.7 million in Q1 2025.
  • Operating cash flow was strong: The company generated $159.6 million in cash from operations, a solid result for the quarter.
  • Cash balance improved: Cash and equivalents increased to $180.1 million from $119.1 million at the end of Q2 2025 and $119.3 million at the end of Q3 2025.
  • Equity increased sequentially: Total common equity rose to $1.253 billion from $1.416 billion? Actually, common equity remained supported by earnings and retained earnings, with retained earnings at $630.3 million.
  • Margins improved, but not dramatically: Gross margin was roughly 46.6% in Q1 2026 versus about 46.5% in Q4 2025, showing stability more than a breakout.
  • Share count was unchanged sequentially: Weighted average shares were 105.9 million, so EPS growth came mainly from better earnings, not lower dilution.
  • Noncontrolling interest remains large: Redeemable noncontrolling interest stood at $289.8 million, which complicates the equity story for common shareholders.
  • Debt remains elevated: Short-term debt was $1.718 billion and long-term debt was $529.7 million, leaving leverage meaningful despite recent repayments.
  • Interest expense remains a drag: Q1 2026 interest expense was $34.9 million, a sizable claim on operating income and a key item to monitor.

Looking at the broader trend, OPENLANE has improved meaningfully from the weaker periods seen in 2023, when the company posted much lower earnings and, in some quarters, heavy operating pressure. Since then, profitability and cash flow have stabilized, and revenue has moved higher year over year. The company also reduced long-term debt to zero on the balance sheet, although short-term debt is still substantial.

The main takeaway for investors is that OPENLANE appears to be in a healthier operating phase than it was two years ago, but the stock still carries balance sheet complexity. If management can keep revenue growing while controlling interest costs and working capital swings, the fundamentals could continue to improve. The biggest risks are the debt load, the size of redeemable noncontrolling interests, and the possibility that cash flow weakens if operating conditions soften.

08/14/26 04:31 PM ETAI Generated. May Contain Errors.

Openlane Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Openlane's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Openlane's net income appears to be on a downward trend, with a most recent value of $177.70 million in 2025, falling from $214.60 million in 2015. The previous period was $109.90 million in 2024. See Openlane's forecast for analyst expectations on what's next for the company.

Openlane's total operating income in 2025 was $196.60 million, based on the following breakdown:
  • Total Gross Profit: $892.80 million
  • Total Operating Expenses: $696.20 million

Over the last 10 years, Openlane's total revenue changed from $2.69 billion in 2015 to $1.93 billion in 2025, a change of -28.1%.

Openlane's total liabilities were at $3.19 billion at the end of 2025, a 19.7% increase from 2024, and a 27.2% decrease since 2015.

In the past 10 years, Openlane's cash and equivalents has ranged from $93.50 million in 2023 to $752.10 million in 2020, and is currently $141.50 million as of their latest financial filing in 2025.

Over the last 10 years, Openlane's book value per share changed from 10.08 in 2015 to 11.68 in 2025, a change of 15.9%.


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Financial statements for NYSE:OPLN last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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