KAR · Openlane, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.93B | $1.79B | $1.65B | $1.52B | $2.25B | $2.19B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $445.20M | $408.60M | $430.40M | $445.10M | $558.10M | $545.40M |
| Total Operating Expenses | $1.74B | $1.61B | $1.65B | $1.35B | $2.04B | $2.05B |
| D&A | $91.70M | $95.20M | $101.50M | $100.20M | $183.00M | $191.30M |
| Operating Income | $196.60M | $182.20M | ($5.20M) | $173.70M | $210.60M | $136.40M |
| Interest Expense | $18.10M | $21.80M | $155.80M | $119.20M | $126.60M | $128.90M |
| Income Tax | $14.50M | $48.00M | $8.30M | $10.00M | $35.00M | $4.90M |
| Net Income | $177.70M | $109.90M | ($154.10M) | $241.20M | $66.50M | $500.0K |
| EPS - Basic | ($0.96) | $0.46 | ($1.82) | $1.30 | $0.16 | ($0.16) |
| EPS - Diluted | ($0.96) | $0.45 | ($1.82) | $1.30 | $0.16 | ($0.16) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $141.50M | $143.00M | $93.50M | $225.70M | $190.00M | $752.10M |
| Accounts Receivable | $314.10M | $248.20M | $291.80M | $270.70M | $527.00M | $367.20M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $665.80M | $547.60M | $556.60M | $551.20M | $1.02B | $688.90M |
| Current Assets | $3.01B | $2.85B | $2.84B | $3.02B | $3.36B | $3.18B |
| Total Assets | $4.72B | $4.62B | $4.73B | $5.12B | $7.42B | $6.80B |
| Current Liabilities | $2.60B | $2.57B | $2.48B | $2.64B | $2.98B | $2.25B |
| Long-term Debt | $530.10M | $0 | $202.40M | $205.30M | $1.85B | $1.85B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.24B | $1.34B | $1.33B | $1.52B | $1.51B | $1.62B |
| Retained Earnings | $586.70M | $689.80M | $624.40M | $822.90M | $625.70M | $600.70M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $391.90M | $292.80M | $237.00M | $4.10M | $413.20M | $384.40M |
| Investing Cash Flow | ($149.00M) | ($70.90M) | ($90.50M) | $70.00M | ($1.22B) | ($326.60M) |
| Financing Cash Flow | ($257.90M) | ($173.90M) | ($279.90M) | ($1.62B) | $210.40M | $194.80M |
| CapEx | $55.40M | $53.00M | $52.00M | $60.90M | $108.50M | $101.40M |
| Free Cash Flow | $336.50M | $239.80M | $185.00M | ($56.80M) | $304.70M | $283.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 10.2% | 10.2% | -0.3% | 11.4% | 9.4% | 6.2% |
| EBITDA margin | 14.9% | 15.5% | 5.9% | 18.0% | 17.5% | 15.0% |
| Net margin | 9.2% | 6.1% | -9.4% | 15.9% | 3.0% | 0.0% |
| Free cash flow margin | 17.4% | 13.4% | 11.2% | -3.7% | 13.5% | 12.9% |
| FCF / Net income | 1.89 | 2.18 | -1.20 | -0.24 | 4.58 | 566.00 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 23.0% | 22.8% | 26.2% | 29.3% | 24.8% | 24.9% |
| Effective tax rate | 7.5% | 30.4% | - | 4.0% | 34.5% | 90.7% |
| Return on assets | 3.8% | 2.4% | -3.3% | 4.7% | 0.9% | 0.0% |
| Return on equity | 14.3% | 8.2% | -11.6% | 15.9% | 4.4% | 0.0% |
| Return on invested capital | 10.3% | 9.4% | -0.3% | 9.7% | 4.1% | 2.0% |
| Liquidity | ||||||
| Current ratio | 1.16 | 1.11 | 1.15 | 1.14 | 1.13 | 1.41 |
| Quick ratio | 1.16 | 1.11 | 1.15 | 1.14 | 1.13 | 1.41 |
| Cash ratio | 0.05 | 0.06 | 0.04 | 0.09 | 0.06 | 0.33 |
| Leverage | ||||||
| Debt / Equity | 0.43 | 0.00 | 0.15 | 0.14 | 1.22 | 1.15 |
| Debt / Assets | 0.11 | 0.00 | 0.04 | 0.04 | 0.25 | 0.27 |
| Debt / EBITDA | 1.84 | 0.00 | 2.10 | 0.75 | 4.70 | 5.66 |
| Interest coverage | 10.9x | 8.4x | -0.0x | 1.5x | 1.7x | 1.1x |
| Equity multiplier | 3.81 | 3.44 | 3.56 | 3.37 | 4.90 | 4.21 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.41 | 0.39 | 0.35 | 0.30 | 0.30 | 0.32 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 59d | 51d | 65d | 65d | 85d | 61d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 8.2% | 8.7% | 8.3% | -32.5% | 2.9% | -21.4% |
| Revenue CAGR (3y) | 8.4% | -7.4% | -9.1% | -18.3% | -10.6% | - |
| Revenue CAGR (5y) | -2.4% | -8.5% | -12.2% | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 7.9% | - | - | -17.5% | 54.4% | -56.6% |
| Net income growth (YoY) | 61.7% | - | - | 262.7% | 13200.0% | -99.7% |
| EPS growth (YoY) | - | - | - | 712.5% | - | - |
| EPS CAGR (3y) | - | 41.2% | - | -2.9% | -59.6% | - |
| EPS CAGR (5y) | - | -20.5% | - | -13.1% | -36.9% | - |
| FCF growth (YoY) | 40.3% | 29.6% | - | - | 7.7% | 43.1% |
| FCF CAGR (5y) | 3.5% | 3.9% | -19.6% | - | 8.2% | -3.6% |
| Book value growth (YoY) | -7.6% | 1.2% | -12.6% | 0.4% | -6.4% | -2.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.93B totalMarketplace$1.50B · 77.6%
Finance$433.70M · 22.4%
Product / service
$2.37B totalAuction And Related Fees$833.50M · 35.2%
Finance Revenue$433.70M · 18.3%
Purchased Vehicle Sales$410.20M · 17.3%
Saa SAnd Other Revenue$257.10M · 10.9%
Interest Revenue$229.10M · 9.7%
Fee And Other Revenue$204.60M · 8.6%
Geographic
$1.93B totalUS$1.11B · 57.3%
Non Us$825.30M · 42.7%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing OPENLANE against the 5 most active filers in the same SIC group.