Openlane (OPLN) Financials

$35.40 +0.35 (+1.00%)

Closing price 03:59 PM Eastern

Extended Trading

$35.40 0.00 (-0.01%)

As of 05:36 PM Eastern

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

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Income / (Loss) Attributable to Common Shareholders	13	14	19	11	28	52	19	33	48	-221	38
Consolidated Net Income / (Loss)	13	14	19	11	28	52	37	33	48	60	49
Net Income / (Loss) Continuing Operations	13	14	19	11	28	52	37	33	48	60	49
Total Pre-Tax Income	25	21	29	18	42	69	53	52	56	32	65
Total Operating Income	67	-73	37	24	43	-16	52	47	55	43	74
Total Gross Profit	200	882	216	198	195	990	451	227	217	230	246
Total Revenue	416	442	430	444	460	492	460	482	498	494	528
Operating Revenue	416	442	430	444	460	492	460	482	498	494	528
Total Cost of Revenue	216	-440	214	246	265	-498	9.30	254	282	264	282
Operating Cost of Revenue	216	-	214	246	252	-	-	254	270	276	272
Other Cost of Revenue	-	-	-	-	13	-	9.30	-	12	-	10
Total Operating Expenses	134	955	179	174	122	1,006	372	180	134	216	147
Selling, General & Admin Expense	107	95	107	105	98	95	107	114	111	113	124
Depreciation Expense	26	25	24	24	24	23	23	23	23	23	23
Total Other Income / (Expense), net	-41	94	-7.60	-5.70	-32	85	-27	4.30	-27	17	-33
Interest Expense	39	-91	7.10	5.50	35	-91	32	3.10	29	-18	35
Other Income / (Expense), net	-1.70	3.10	-0.50	-0.20	3.60	-5.40	5.00	7.40	2.20	-0.90	1.60
Income Tax Expense	13	7.60	11	7.50	13	17	16	18	8.20	-28	16
Preferred Stock Dividends Declared	-	-	-	-	-	-	11	-	-	-	5.30
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	6.40	-	-	-	6.00
Basic Earnings per Share	$0.01	$0.03	$0.05	$0.00	$0.12	$0.29	$0.18	$0.16	$0.26	($1.56)	$0.35
Weighted Average Basic Shares Outstanding	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M
Diluted Earnings per Share	$0.01	$0.03	$0.05	$0.00	$0.12	$0.28	$0.18	$0.15	$0.25	($1.54)	$0.35
Weighted Average Diluted Shares Outstanding	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M
Weighted Average Basic & Diluted Shares Outstanding	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M

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

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
Net Change in Cash & Equivalents	-120	6.80	-8.00	-22	32	23	73	-108	-2.40	39	32
Net Cash From Operating Activities	74	19	100	37	121	33	123	72	72	126	160
Net Cash From Continuing Operating Activities	74	21	100	38	122	33	123	72	72	126	160
Net Income / (Loss) Continuing Operations	13	14	19	11	28	52	37	33	48	60	49
Consolidated Net Income / (Loss)	13	14	19	11	28	52	37	33	48	60	49
Depreciation Expense	26	25	24	24	24	23	23	23	23	23	23
Amortization Expense	2.20	2.10	2.20	2.50	2.20	2.20	2.20	2.20	2.20	2.30	2.40
Non-Cash Adjustments To Reconcile Net Income	18	20	23	17	17	-19	11	20	16	18	20
Changes in Operating Assets and Liabilities, net	14	-40	33	-17	52	-26	50	-6.80	-16	23	65
Net Cash From Investing Activities	12	-51	-40	46	4.50	-81	-32	2.50	-166	47	-45
Net Cash From Continuing Investing Activities	12	-51	-40	46	4.50	-81	-32	2.50	-166	47	-45
Purchase of Property, Plant & Equipment	-13	-12	-13	-13	-13	-14	-12	-14	-15	-15	-13
Purchase of Investments	-0.40	-0.30	-0.40	-1.20	-0.30	-0.90	-0.60	-0.10	-0.40	-0.40	-1.10
Sale of Property, Plant & Equipment	-	-	0.00	-	0.60	-	0.40	42	-	-	0.00
Other Investing Activities, net	26	64	-26	60	17	-147	-20	-25	-151	61	-31
Net Cash From Financing Activities	-200	32	-64	-103	-98	90	-19	-200	99	-138	-79
Net Cash From Continuing Financing Activities	-200	32	-64	-103	-98	90	-19	-200	99	-138	-79
Repayment of Debt	-146	111	-35	-48	-18	-46	-2.30	-235	23	-30	-65
Repurchase of Common Equity	-	-	0.00	-	-	-	-0.10	-9.30	-26	-9.80	-26
Payment of Dividends	-11	-11	-11	-11	-11	-11	-11	-11	-11	-5.30	-5.30
Issuance of Debt	-20	-69	-33	-23	-37	143	1.70	52	96	484	20
Issuance of Common Equity	0.50	0.60	0.40	0.40	0.20	0.40	2.10	0.80	4.90	1.80	3.30
Other Financing Activities, net	-1.80	0.80	15	-21	-2.30	4.30	-9.20	3.20	13	-19	-6.10
Effect of Exchange Rate Changes	-6.20	6.60	-4.90	-2.40	4.20	-19	1.00	18	-7.50	5.00	-4.70
Cash Interest Paid	34	39	36	38	31	35	26	32	28	30	33
Cash Income Taxes Paid	6.90	7.50	15	14	4.80	0.60	18	7.70	2.30	11	23

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	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
Total Assets	5,301	5,148	4,897	4,729	4,818	4,618	4,626	4,806	4,638	4,817	4,900
Total Current Assets	3,203	3,075	3,084	2,941	2,958	2,774	2,785	3,046	2,905	3,106	3,205
Cash & Equivalents	149	220	242	110	105	61	132	221	119	119	180
Restricted Cash	29	32	-	42	46	68	29	36	30	-	37
Note & Lease Receivable	2,534	2,385	2,397	2,358	2,293	2,220	2,193	2,333	2,356	2,495	2,444
Accounts Receivable	420	340	315	340	391	292	300	345	306	354	416
Other Current Assets	72	98	100	91	124	133	132	111	94	111	128
Plant, Property, & Equipment, net	131	120	119	115	164	160	160	147	104	102	100
Total Noncurrent Assets	1,967	1,953	1,694	1,673	1,697	1,684	1,681	1,614	1,629	1,608	1,594
Goodwill	1,452	1,466	1,244	1,238	1,266	1,264	1,270	1,228	1,245	1,242	1,240
Intangible Assets	372	359	323	310	308	298	290	269	262	254	237
Other Noncurrent Operating Assets	142	127	128	126	123	121	122	117	122	113	117
Total Liabilities & Shareholders' Equity	5,301	5,148	4,897	4,729	4,818	4,618	4,626	4,806	4,638	4,817	4,900
Total Liabilities	3,154	3,010	2,951	2,811	2,876	2,677	2,686	2,822	2,610	2,778	3,356
Total Current Liabilities	2,820	2,666	2,646	2,509	2,574	2,576	2,585	2,721	2,509	2,678	2,767
Short-Term Debt	1,991	1,864	1,905	1,738	1,718	1,846	1,797	1,885	1,725	1,833	1,718
Accounts Payable	646	684	626	646	744	600	651	710	645	691	899
Accrued Expenses	87	79	71	76	73	85	90	85	84	92	90
Current Deferred & Payable Income Tax Liabilities	59	2.50	2.30	3.30	5.00	3.20	4.40	3.80	5.60	9.70	18
Current Employee Benefit Liabilities	27	24	34	34	23	33	32	26	44	47	31
Other Current Nonoperating Liabilities	10	13	-	12	12	9.30	11	11	6.50	6.20	11
Total Noncurrent Liabilities	334	343	304	303	302	101	101	101	101	100	589
Long-Term Debt	195	206	201	201	201	0.00	0.00	0.00	0.00	0.00	530
Noncurrent Deferred & Payable Income Tax Liabilities	51	53	22	23	19	20	21	25	26	27	0.50
Other Noncurrent Operating Liabilities	89	84	81	78	82	81	80	76	75	73	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	613	613	613	613	613	613	613	613	613	613	290
Total Equity & Noncontrolling Interests	1,534	1,526	1,334	1,306	1,330	1,328	1,327	1,372	1,416	1,427	1,254
Total Preferred & Common Equity	1,534	1,526	1,334	1,306	1,330	1,328	1,327	1,372	1,416	1,427	1,254
Total Common Equity	1,534	1,526	1,334	1,306	1,330	1,328	1,327	1,372	1,416	1,427	1,254
Common Stock	802	749	753	735	745	747	721	722	715	697	671
Retained Earnings	797	825	620	621	632	631	649	716	738	775	630
Accumulated Other Comprehensive Income / (Loss)	-64	-47	-38	-51	-46	-50	-42	-65	-37	-46	-48

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%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	106,297,229.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	106,297,229.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.35
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.93%	15.50%	-1.02%	3.57%	7.71%	11.34%	7.02%	8.54%	8.40%	8.64%	14.74%
EBITDA Growth	23.55%	-200.23%	14.25%	157.00%	10.06%	108.43%	29.94%	59.05%	13.87%	-31.98%	23.41%
EBIT Growth	32.79%	-527.44%	18.18%	132.10%	18.52%	69.19%	56.20%	131.22%	24.08%	-43.48%	32.98%
NOPAT Growth	857.60%	-870.34%	5.88%	124.10%	50.66%	73.85%	55.26%	117.93%	61.46%	33.22%	52.67%
Net Income Growth	318.97%	-61.46%	45.67%	105.52%	123.62%	265.73%	99.46%	212.15%	68.66%	13.77%	32.52%
EPS Growth	106.67%	-88.46%	400.00%	100.00%	1,100.00%	833.33%	260.00%	0.00%	108.33%	-650.00%	94.44%
Operating Cash Flow Growth	158.74%	101.04%	4.27%	-19.40%	64.54%	69.43%	22.36%	91.44%	-40.38%	283.79%	30.18%
Free Cash Flow Firm Growth	174.52%	298.37%	-35.32%	-30.85%	-62.72%	-48.62%	-50.70%	-35.90%	-161.62%	-48.89%	-28.99%
Invested Capital Growth	-10.78%	-6.27%	-6.24%	-3.21%	-3.49%	-3.12%	-2.62%	-1.54%	4.04%	-0.31%	-1.09%
Revenue Q/Q Growth	-0.14%	6.15%	6.39%	3.72%	3.84%	9.72%	-6.48%	4.69%	3.47%	-0.82%	6.80%
EBITDA Q/Q Growth	164.77%	-145.72%	8.53%	-13.84%	25.06%	-96.50%	2,166.67%	-1.96%	2.63%	-18.15%	49.85%
EBIT Q/Q Growth	137.41%	-208.18%	13.88%	-19.30%	38.13%	-128.13%	362.50%	-3.35%	4.38%	-27.27%	81.25%
NOPAT Q/Q Growth	124.42%	-241.23%	19.41%	-25.39%	52.70%	-124.51%	394.81%	-15.41%	53.36%	69.87%	-30.72%
Net Income Q/Q Growth	106.55%	12.60%	29.37%	-42.16%	165.42%	84.15%	-29.45%	-9.49%	43.41%	24.22%	-17.82%
EPS Q/Q Growth	100.53%	200.00%	66.67%	-100.00%	0.00%	133.33%	-35.71%	-16.67%	66.67%	-716.00%	122.73%
Operating Cash Flow Q/Q Growth	58.62%	-73.78%	419.17%	-62.67%	223.80%	-73.00%	274.92%	-41.60%	0.84%	73.82%	27.17%
Free Cash Flow Firm Q/Q Growth	115.82%	-57.30%	0.67%	-47.03%	16.37%	-41.14%	26.25%	-34.86%	-212.43%	192.98%	4.28%
Invested Capital Q/Q Growth	-1.91%	1.70%	-1.53%	-1.47%	-2.19%	2.08%	-1.01%	-0.38%	3.35%	-2.18%	-1.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	48.11%	199.62%	100.00%	43.05%	43.80%	201.20%	47.49%	47.19%	43.48%	46.59%	46.58%
EBITDA Margin	22.44%	-9.66%	22.92%	19.04%	22.93%	0.73%	17.74%	16.61%	16.47%	13.60%	19.08%
Operating Margin	15.97%	-16.56%	16.67%	12.92%	16.32%	-3.29%	11.24%	9.84%	11.04%	8.60%	13.98%
EBIT Margin	15.57%	-15.86%	16.55%	12.88%	17.13%	-4.39%	12.32%	11.38%	11.48%	8.42%	14.28%
Profit (Net Income) Margin	3.05%	3.24%	4.44%	2.48%	6.33%	10.63%	8.02%	6.93%	9.61%	12.04%	9.26%
Tax Burden Percent	50.00%	67.45%	63.36%	58.79%	68.43%	75.80%	70.02%	64.60%	85.38%	187.70%	74.89%
Interest Burden Percent	39.20%	-30.24%	42.38%	32.73%	54.04%	-319.44%	92.95%	94.34%	98.08%	76.20%	86.60%
Effective Tax Rate	50.00%	35.85%	36.64%	41.21%	31.57%	24.20%	29.98%	35.40%	14.62%	-87.70%	25.11%
Return on Invested Capital (ROIC)	3.30%	-4.61%	4.51%	3.37%	5.16%	-1.20%	3.90%	3.24%	4.88%	8.54%	5.82%
ROIC Less NNEP Spread (ROIC-NNEP)	2.22%	-1.34%	3.10%	2.14%	3.90%	2.44%	3.94%	3.41%	4.94%	7.48%	5.47%
Return on Net Nonoperating Assets (RNNOA)	2.08%	-1.23%	2.74%	1.96%	3.49%	2.22%	3.43%	2.84%	4.14%	8.21%	5.71%
Return on Equity (ROE)	5.38%	-5.84%	7.24%	5.33%	8.65%	1.02%	7.32%	6.09%	9.02%	16.75%	11.52%
Cash Return on Invested Capital (CROIC)	11.84%	4.04%	6.42%	7.21%	8.08%	6.58%	6.45%	5.81%	0.78%	5.28%	6.72%
Operating Return on Assets (OROA)	5.05%	-5.46%	5.45%	4.48%	6.18%	-1.68%	4.66%	4.56%	4.61%	3.48%	5.89%
Return on Assets (ROA)	0.99%	1.11%	1.46%	0.86%	2.29%	4.07%	3.03%	2.78%	3.86%	4.98%	3.82%
Return on Common Equity (ROCE)	3.76%	-4.09%	5.07%	3.65%	5.90%	0.70%	5.04%	4.21%	6.25%	12.41%	8.57%
Return on Equity Simple (ROE_SIMPLE)	-10.06%	0.00%	-11.15%	4.23%	5.42%	0.00%	9.35%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	33	-47	44	33	50	-12	36	31	47	80	55
NOPAT Margin	7.99%	-10.63%	10.56%	7.60%	11.17%	-2.50%	7.87%	6.36%	9.42%	16.14%	10.47%
Net Nonoperating Expense Percent (NNEP)	1.08%	-3.27%	1.41%	1.24%	1.26%	-3.64%	-0.04%	-0.17%	-0.06%	1.06%	0.35%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.42%	-	-	-	-0.38%	1.11%	0.98%	1.44%	2.26%	1.58%
Cost of Revenue to Revenue	51.89%	-99.62%	0.00%	56.95%	56.20%	-101.20%	52.51%	52.81%	56.52%	53.41%	53.42%
SG&A Expenses to Revenue	25.80%	21.54%	26.11%	24.55%	22.17%	19.21%	23.30%	23.73%	22.25%	22.82%	23.57%
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	32.14%	216.18%	83.33%	30.13%	27.48%	204.49%	36.25%	37.35%	26.81%	43.68%	27.90%
Earnings before Interest and Taxes (EBIT)	65	-70	69	56	77	-22	57	55	57	42	75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	93	-43	95	82	103	3.60	82	80	82	67	101
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.25	1.21	1.40	1.35	1.38	1.58	1.50	1.85	2.14	2.64	2.47
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	0.00
Price to Revenue (P/Rev)	1.00	0.94	1.14	1.09	1.09	1.19	1.13	1.41	1.61	1.70	1.55
Price to Earnings (P/E)	0.00	0.00	0.00	31.97	25.50	19.29	16.07	17.39	17.94	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%	0.00%	3.13%	3.92%	5.18%	6.22%	5.75%	5.57%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.07	1.14	1.13	1.14	1.21	1.19	1.33	1.44	1.56	1.51
Enterprise Value to Revenue (EV/Rev)	2.48	2.38	2.59	2.49	2.42	2.48	2.37	2.59	2.84	2.94	2.71
Enterprise Value to EBITDA (EV/EBITDA)	26.13	0.00	32.06	11.50	11.08	15.60	14.21	14.48	15.72	18.27	16.42
Enterprise Value to EBIT (EV/EBIT)	89.02	0.00	202.31	16.52	15.59	24.66	21.50	20.82	22.23	27.01	23.66
Enterprise Value to NOPAT (EV/NOPAT)	229.51	0.00	0.00	28.06	24.68	34.94	30.86	31.06	31.10	31.25	26.75
Enterprise Value to Operating Cash Flow (EV/OCF)	17.87	17.17	17.74	17.90	14.68	15.21	13.71	13.83	18.01	14.49	12.64
Enterprise Value to Free Cash Flow (EV/FCFF)	8.64	25.61	17.21	15.35	13.83	18.09	18.17	22.77	189.79	29.43	22.38
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.01	1.03	0.99	0.95	0.93	0.96	0.95	0.85	0.90	1.50	1.46
Long-Term Debt to Equity	0.11	0.10	0.10	0.00	0.00	0.00	0.00	0.00	0.00	0.35	0.34
Financial Leverage	0.94	0.92	0.88	0.92	0.89	0.91	0.87	0.83	0.84	1.10	1.04
Leverage Ratio	2.47	2.42	2.44	2.45	2.43	2.40	2.45	2.33	2.37	2.68	2.75
Compound Leverage Factor	0.97	-0.73	1.04	0.80	1.31	-7.67	2.28	2.20	2.33	2.04	2.38
Debt to Total Capital	50.27%	50.63%	49.68%	48.74%	48.09%	49.06%	48.71%	45.96%	47.33%	59.98%	59.29%
Short-Term Debt to Total Capital	45.05%	45.48%	44.49%	48.74%	48.09%	49.06%	48.71%	45.96%	47.33%	46.12%	45.32%
Long-Term Debt to Total Capital	5.22%	5.15%	5.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.86%	13.97%
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	15.88%	15.59%	15.86%	16.18%	16.39%	15.96%	15.83%	16.32%	15.82%	7.58%	7.64%
Common Equity to Total Capital	33.85%	33.78%	34.45%	35.08%	35.52%	34.98%	35.46%	37.72%	36.85%	32.44%	33.07%
Debt to EBITDA	12.57	-198.89	14.48	5.14	4.88	6.63	6.23	5.19	5.35	7.38	6.81
Net Debt to EBITDA	11.58	-183.00	13.34	4.78	4.44	5.98	5.38	4.74	5.00	6.78	6.15
Long-Term Debt to EBITDA	1.31	-20.24	1.51	0.00	0.00	0.00	0.00	0.00	0.00	1.71	1.61
Debt to NOPAT	110.36	-20.92	-2,283.45	12.55	10.86	14.85	13.52	11.13	10.58	12.62	11.10
Net Debt to NOPAT	101.70	-19.25	-2,103.81	11.67	9.89	13.40	11.68	10.17	9.89	11.60	10.03
Long-Term Debt to NOPAT	11.46	-2.13	-238.69	0.00	0.00	0.00	0.00	0.00	0.00	2.92	2.61
Altman Z-Score	1.03	0.93	1.06	1.04	1.08	1.13	1.15	1.37	1.43	1.33	1.30
Noncontrolling Interest Sharing Ratio	30.14%	30.10%	30.02%	31.51%	31.75%	31.45%	31.19%	30.87%	30.79%	25.89%	25.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.15	1.15	1.08	1.08	1.11	1.12	1.16	1.16	1.16	1.16
Quick Ratio	1.12	1.08	1.08	1.00	1.02	1.06	1.07	1.11	1.11	1.11	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	482	206	292	155	180	106	134	87	-98	91	95
Operating Cash Flow to CapEx	570.54%	158.20%	776.74%	287.69%	968.80%	233.57%	1,066.09%	0.00%	494.52%	853.74%	1,218.32%
Free Cash Flow to Firm to Interest Expense	12.24	0.00	7.35	4.13	5.09	0.00	33.40	28.07	-3.35	0.00	2.72
Operating Cash Flow to Interest Expense	1.87	0.00	2.52	1.00	3.43	0.00	30.65	23.10	2.47	0.00	4.57
Operating Cash Flow Less CapEx to Interest Expense	1.54	0.00	2.20	0.65	3.08	0.00	27.78	32.06	1.97	0.00	4.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.32	0.34	0.33	0.35	0.36	0.38	0.38	0.40	0.40	0.41	0.41
Accounts Receivable Turnover	4.28	6.03	4.49	5.46	5.27	6.62	4.94	6.21	5.79	6.88	5.26
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	13.20	11.56	11.56	11.86	12.29	11.21	11.72	14.04	14.48	15.26	16.21
Accounts Payable Turnover	0.99	0.00	0.90	1.45	1.43	0.00	0.04	0.06	0.08	1.72	1.63
Days Sales Outstanding (DSO)	85.26	60.54	81.34	66.88	69.20	55.10	73.90	58.78	62.99	53.05	69.37
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)	367.16	0.00	405.02	251.60	255.85	0.00	9,582.90	6,278.10	4,636.81	212.58	223.50
Cash Conversion Cycle (CCC)	-281.90	60.54	-323.68	-184.71	-186.65	55.10	-9,509.00	-6,219.32	-4,573.83	-159.53	-154.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,717	3,780	3,722	3,667	3,587	3,662	3,624	3,611	3,732	3,650	3,585
Invested Capital Turnover	0.41	0.43	0.43	0.44	0.46	0.48	0.50	0.51	0.52	0.53	0.56
Increase / (Decrease) in Invested Capital	-449	-253	-248	-122	-130	-118	-97	-56	145	-11	-40
Enterprise Value (EV)	4,032	4,042	4,248	4,126	4,082	4,431	4,303	4,814	5,385	5,680	5,419
Market Capitalization	1,633	1,600	1,869	1,797	1,833	2,120	2,061	2,626	3,059	3,281	3,099
Book Value per Share	$11.93	$12.28	$12.28	$12.26	$12.22	$12.57	$12.84	$13.18	$13.42	$11.68	$11.79
Tangible Book Value per Share	($2.21)	($2.42)	($2.25)	($2.16)	($2.14)	($1.49)	($1.17)	($0.85)	($0.65)	($2.34)	($2.10)
Total Capital	3,857	3,928	3,861	3,786	3,736	3,838	3,870	3,753	3,872	3,824	3,791
Total Debt	1,939	1,989	1,918	1,846	1,797	1,883	1,885	1,725	1,833	2,294	2,248
Total Long-Term Debt	201	202	201	0.00	0.00	0.00	0.00	0.00	0.00	530	530
Net Debt	1,787	1,830	1,767	1,717	1,636	1,699	1,629	1,576	1,713	2,109	2,031
Capital Expenditures (CapEx)	13	12	13	13	13	14	12	-28	15	15	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,018	1,991	1,951	1,915	1,836	1,985	1,954	1,971	2,142	1,986	1,940
Debt-free Net Working Capital (DFNWC)	2,170	2,150	2,102	2,044	1,996	2,169	2,210	2,120	2,261	2,172	2,156
Net Working Capital (NWC)	432	363	385	198	200	286	325	395	429	408	438
Net Nonoperating Expense (NNE)	21	-61	25	22	22	-65	-0.70	-2.78	-0.94	20	6.37
Net Nonoperating Obligations (NNO)	1,798	1,840	1,779	1,726	1,647	1,706	1,640	1,583	1,693	2,120	2,041
Total Depreciation and Amortization (D&A)	29	27	27	27	26	25	25	25	25	26	25
Debt-free, Cash-free Net Working Capital to Revenue	124.04%	117.40%	118.92%	115.66%	108.75%	110.99%	107.42%	106.18%	113.02%	102.67%	96.86%
Debt-free Net Working Capital to Revenue	133.39%	126.77%	128.12%	123.43%	118.27%	121.26%	121.53%	114.20%	119.31%	112.25%	107.70%
Net Working Capital to Revenue	26.56%	21.41%	23.44%	11.96%	11.82%	15.99%	17.86%	21.30%	22.61%	21.08%	21.89%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.03	$0.05	$0.00	$0.12	$0.29	$0.18	$0.16	$0.26	($1.56)	$0.35
Adjusted Weighted Average Basic Shares Outstanding	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M
Adjusted Diluted Earnings per Share	$0.01	$0.03	$0.05	$0.00	$0.12	$0.28	$0.18	$0.15	$0.25	($1.54)	$0.35
Adjusted Weighted Average Diluted Shares Outstanding	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M
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	108.02M	108.05M	108.30M	108.62M	106.84M	106.91M	107.38M	106.30M	106.26M	106.30M	105.95M
Normalized Net Operating Profit after Tax (NOPAT)	33	-47	44	33	50	-12	36	35	47	30	55
Normalized NOPAT Margin	7.99%	-10.63%	10.56%	7.60%	11.17%	-2.50%	7.87%	7.30%	9.42%	6.02%	10.47%
Pre Tax Income Margin	6.10%	4.80%	7.01%	4.21%	9.26%	14.02%	11.45%	10.73%	11.26%	6.41%	12.37%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.64	0.00	1.74	1.49	2.18	0.00	14.18	17.68	1.96	0.00	2.16
NOPAT to Interest Expense	0.84	0.00	1.11	0.88	1.42	0.00	9.05	9.88	1.61	0.00	1.58
EBIT Less CapEx to Interest Expense	1.32	0.00	1.41	1.14	1.82	0.00	11.30	26.65	1.46	0.00	1.79
NOPAT Less CapEx to Interest Expense	0.52	0.00	0.78	0.53	1.07	0.00	6.18	18.85	1.11	0.00	1.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-33.82%	-28.81%	-29.94%	79.00%	61.75%	40.40%	34.61%	29.40%	26.04%	21.72%	17.29%
Augmented Payout Ratio	-88.80%	-43.22%	-29.94%	79.00%	103.48%	67.70%	58.07%	55.50%	47.04%	47.38%	54.82%

Financials Breakdown Chart

Key Financial Trends

Openlane, Inc. (OPLN) shows improving operating cash flow and stable quarterly revenue in 2025, but remains challenged by a heavy near-term debt load and meaningful minority-interest effects that suppress reported per-share results. Below are the key takeaways from the last four years of quarterly data, focusing on trends most relevant to retail investors.

2025 Q4 net cash from continuing operating activities was $125.5M, signaling strong cash generation from core operations.
2025 Q4 net income from continuing operations was $59.5M, indicating profitability on an ongoing basis before noncontrolling adjustments.
Q4 2025 net change in cash and equivalents was +$39.0M, reflecting improving liquidity over the quarter.
Q4 2025 revenue was $494.3M, placing quarterly revenue near a stable, high-$0.5B level.
As of the latest quarter, total assets are around $4.82B and total liabilities around $2.78B, showing a sizeable, scale-driven balance sheet.
Net income attributable to common shareholders in Q4 2025 was -$221.3M, driven by minority-interest effects rather than a pure operating loss.
Short-term debt stood at about $1.83B in Q4 2025, creating near-term refinancing risk.
Net cash from financing activities in Q4 2025 was -$138.0M, reflecting net financing outflows (debt repayments and other items).
Basic EPS for Q4 2025 was -$1.56 and Diluted EPS -$1.54, highlighting dilution from non-operational items affecting reported per-share results.
Redeemable noncontrolling interest on the balance sheet was $612.5M, which reduces the portion of earnings attributable to common shareholders.

Bottom line: Openlane’s 2025 results show solid operating cash flow and a respectable quarterly net income from continuing operations, but investors should watch the high short-term debt load and the material impact of minority interests on earnings per share. If the company can refinance near-term debt and sustain cash generation, the stock could benefit from improved liquidity and continued revenue stability.

05/22/26 09:24 PM ETAI Generated. May Contain Errors.

Openlane Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Openlane's fiscal year ends in December. Their fiscal 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 where experts think Openlane is headed by visiting Openlane's forecast page.

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%.

Related Companies

Financial statements for NYSE:OPLN last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Openlane (OPLN) Financials

Financials Breakdown Chart

Key Financial Trends

Openlane Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Openlane (OPLN) Financials

Annual Income Statements for Openlane

Quarterly Income Statements for Openlane

Annual Cash Flow Statements for Openlane

Quarterly Cash Flow Statements for Openlane

Annual Balance Sheets for Openlane

Quarterly Balance Sheets for Openlane

Annual Metrics And Ratios for Openlane

Quarterly Metrics And Ratios for Openlane

Financials Breakdown Chart

Key Financial Trends

Openlane Financials - Frequently Asked Questions

When does Openlane's financial year end?

How has Openlane's net income changed over the last 10 years?

What is Openlane's operating income?

How has Openlane's revenue changed over the last 10 years?

How much debt does Openlane have?

How much cash does Openlane have?

How has Openlane's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools