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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $527.90M | - | $498.40M | $481.70M | $460.10M | - | $448.40M | $431.80M | $416.30M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $124.40M | - | $110.90M | $114.30M | $107.20M | - | $99.40M | $106.00M | $108.70M | - |
| Total Operating Expenses | $454.10M | - | $443.40M | $434.30M | $408.40M | - | $375.20M | $376.00M | $346.90M | - |
| D&A | $22.90M | - | $22.70M | $23.00M | $22.70M | - | $23.80M | $24.10M | $24.30M | - |
| Operating Income | $73.80M | - | $55.00M | $47.40M | $51.70M | - | $73.20M | $55.80M | $69.40M | - |
| Interest Expense | $10.10M | - | $1.10M | $3.10M | $4.00M | - | $35.30M | $37.40M | $39.70M | - |
| Income Tax | $16.40M | - | $8.20M | $18.30M | $15.80M | - | $13.10M | $7.50M | $10.70M | - |
| Net Income | $48.90M | - | $47.90M | $33.40M | $36.90M | - | $28.40M | $10.70M | $18.50M | - |
| EPS - Basic | $0.35 | - | $0.26 | $0.16 | $0.18 | - | $0.12 | $0.00 | $0.05 | - |
| EPS - Diluted | $0.35 | - | $0.25 | $0.15 | $0.18 | - | $0.12 | $0.00 | $0.05 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $180.10M | $141.50M | $119.30M | $119.10M | $220.50M | $143.00M | $132.10M | $60.90M | $105.20M | $93.50M |
| Accounts Receivable | $415.70M | $314.10M | $354.10M | $305.90M | $345.40M | $248.20M | $300.00M | $292.10M | $391.00M | $291.80M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $899.30M | $665.80M | $690.70M | $645.00M | $710.40M | $547.60M | $650.80M | $600.30M | $744.10M | $556.60M |
| Current Assets | $3.21B | $3.01B | $3.11B | $2.90B | $3.05B | $2.85B | $2.78B | $2.77B | $2.96B | $2.84B |
| Total Assets | $4.90B | $4.72B | $4.82B | $4.64B | $4.81B | $4.62B | $4.63B | $4.62B | $4.82B | $4.73B |
| Current Liabilities | $2.77B | $2.60B | $2.68B | $2.51B | $2.72B | $2.57B | $2.59B | $2.58B | $2.57B | $2.48B |
| Long-term Debt | $529.70M | $530.10M | $0 | $0 | $0 | $0 | $0 | $0 | $200.50M | $202.40M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.25B | $1.24B | $1.43B | $1.42B | $1.37B | $1.34B | $1.33B | $1.33B | $1.33B | $1.33B |
| Retained Earnings | $630.30M | $586.70M | $774.70M | $737.90M | $715.60M | $689.80M | $648.60M | $631.30M | $631.80M | $624.40M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $122.60M | - | - | - | $122.60M | - | - | - | $100.20M | - |
| Investing Cash Flow | ($31.90M) | - | - | - | ($31.90M) | - | - | - | ($39.70M) | - |
| Financing Cash Flow | ($18.90M) | - | - | - | ($18.90M) | - | - | - | ($63.60M) | - |
| CapEx | $13.10M | - | - | - | $11.90M | - | - | - | $12.90M | - |
| Free Cash Flow | $109.50M | - | - | - | $110.70M | - | - | - | $87.30M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 14.0% | - | 11.0% | 9.8% | 11.2% | - | 16.3% | 12.9% | 16.7% | - |
| EBITDA margin | 18.3% | - | 15.6% | 14.6% | 16.2% | - | 21.6% | 18.5% | 22.5% | - |
| Net margin | 9.3% | - | 9.6% | 6.9% | 8.0% | - | 6.3% | 2.5% | 4.4% | - |
| Free cash flow margin | 20.7% | - | - | - | 24.1% | - | - | - | 21.0% | - |
| FCF / Net income | 2.24 | - | - | - | 3.00 | - | - | - | 4.72 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 23.6% | - | 22.3% | 23.7% | 23.3% | - | 22.2% | 24.5% | 26.1% | - |
| Effective tax rate | 25.1% | - | 14.6% | 35.4% | 30.0% | - | 31.6% | 41.2% | 36.6% | - |
| Return on assets | 1.0% | - | 1.0% | 0.7% | 0.8% | - | 0.6% | 0.2% | 0.4% | - |
| Return on equity | 3.9% | - | 3.4% | 2.4% | 2.7% | - | 2.1% | 0.8% | 1.4% | - |
| Return on invested capital | 3.1% | - | 3.3% | 2.2% | 2.6% | - | 3.8% | 2.5% | 2.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.16 | 1.16 | 1.16 | 1.16 | 1.12 | 1.11 | 1.08 | 1.08 | 1.15 | 1.15 |
| Quick ratio | 1.16 | 1.16 | 1.16 | 1.16 | 1.12 | 1.11 | 1.08 | 1.08 | 1.15 | 1.15 |
| Cash ratio | 0.07 | 0.05 | 0.04 | 0.05 | 0.08 | 0.06 | 0.05 | 0.02 | 0.04 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | 0.42 | 0.43 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.15 |
| Debt / Assets | 0.11 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.04 |
| Debt / EBITDA | 5.48 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 2.14 | - |
| Interest coverage | 7.3x | - | 50.0x | 15.3x | 12.9x | - | 2.1x | 1.5x | 1.7x | - |
| Equity multiplier | 3.91 | 3.81 | 3.38 | 3.28 | 3.50 | 3.44 | 3.49 | 3.48 | 3.62 | 3.56 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.10 | 0.10 | 0.10 | - | 0.10 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 287d | - | 259d | 232d | 274d | - | 244d | 247d | 343d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 14.7% | - | 11.2% | 11.6% | 10.5% | - | 7.7% | 3.6% | -1.0% | - |
| Revenue CAGR (3y) | 7.9% | - | 8.2% | 7.8% | 7.6% | - | -5.7% | -9.6% | -10.5% | - |
| Revenue CAGR (5y) | -1.9% | - | -3.4% | 2.8% | -6.5% | - | -8.6% | -9.7% | -16.8% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 42.7% | - | -24.9% | -15.1% | -25.5% | - | 10.1% | - | 6.1% | - |
| Net income growth (YoY) | 32.5% | - | 68.7% | 212.1% | 99.5% | - | 123.6% | - | 45.7% | - |
| EPS growth (YoY) | 94.4% | - | 108.3% | - | 260.0% | - | 1100.0% | - | 400.0% | - |
| EPS CAGR (3y) | 227.1% | - | - | -51.1% | - | - | - | - | -41.5% | - |
| EPS CAGR (5y) | 7.0% | - | 1.7% | - | 55.2% | - | -15.0% | - | -38.7% | - |
| FCF growth (YoY) | -1.1% | - | - | - | 26.8% | - | - | - | 3.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | 17.1% | - |
| Book value growth (YoY) | -8.7% | -7.6% | 7.5% | 6.6% | 3.2% | 1.2% | 1.6% | -0.5% | -12.8% | -12.6% |
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%
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing OPENLANE against the 5 most active filers in the same SIC group.