OPENLANE (OPLN) financial statements
OPENLANE reported revenue of $1.9B in fiscal 2025, down 5.3% a year over 9 years.
Net income was $178M and the operating margin 10.2%, against 15.8% in 2016.
Free cash flow was $336M, and the company returned $46M in net buybacks.
The diluted share count fell 23% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from OPENLANE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | $2.2B | $2.4B | $2.8B | $1.3B | $1.5B | $1.5B | $1.7B | $1.8B | $1.9B |
| Cost of revenue | — | $1.2B | $1.3B | $1.6B | $744M | $792M | $834M | $868M | $956M | $1.0B |
| Gross profit | — | $1.0B | $1.1B | $1.2B | $583M | $658M | $695M | $828M | $832M | $893M |
| Selling, general and admin | $583M | $532M | $609M | $662M | $374M | $421M | $436M | $422M | $409M | $445M |
| Operating income | $499M | $326M | $340M | $314M | $69M | $128M | $95M | -$136M | $182M | $197M |
| Interest expense | $139M | $163M | $191M | $190M | $128M | $126M | $40M | $25M | $22M | $18M |
| Pre-tax income | $355M | $158M | $152M | $130M | -$65M | $14M | $39M | -$146M | $158M | $192M |
| Income tax | $133M | -$16M | $34M | $38M | -$11M | $15M | $10M | $8M | $48M | $14M |
| Net income | $222M | $362M | $328M | $188M | $500,000 | $66M | $241M | -$154M | $110M | $178M |
| EPS (diluted) | $1.60 | $2.62 | $2.42 | $1.42 | -$0.35 | $0.16 | $1.30 | -$1.82 | $0.45 | -$0.96 |
| Diluted shares | 139M | 138M | 136M | 133M | 129M | 123M | 116M | 109M | 109M | 107M |
| Gross margin | — | 46.0% | 45.9% | 41.9% | 43.9% | 45.4% | 45.4% | 48.8% | 46.5% | 46.2% |
| Operating margin | 15.8% | 14.6% | 13.9% | 11.3% | 5.2% | 8.8% | 6.2% | -8.0% | 10.2% | 10.2% |
| Net margin | 7.1% | 16.2% | 13.4% | 6.8% | 0.0% | 4.6% | 15.8% | -9.1% | 6.1% | 9.2% |
Balance sheet
Fiscal years, from OPENLANE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $202M | $317M | $277M | $508M | $752M | $178M | $226M | $94M | $143M | $142M |
| Receivables | $683M | $726M | $455M | $458M | $367M | $381M | $271M | $292M | $248M | $314M |
| Total current assets | $2.8B | $3.1B | $3.3B | $3.2B | $3.2B | $3.4B | $3.0B | $2.8B | $2.9B | $3.0B |
| Property, plant and equipment | $842M | $908M | $631M | $609M | $590M | $144M | $124M | $170M | $149M | $104M |
| Goodwill | $2.1B | $1.7B | $1.7B | $1.8B | $1.2B | $1.6B | $1.5B | $1.3B | $1.2B | $1.2B |
| Total assets | $6.6B | $7.0B | $7.2B | $6.6B | $6.8B | $7.5B | $5.1B | $4.7B | $4.6B | $4.7B |
| Total current liabilities | $2.3B | $2.4B | $2.6B | $2.5B | $2.3B | $3.0B | $2.6B | $2.5B | $2.6B | $2.6B |
| Long-term debt | $2.4B | $2.7B | $2.7B | $1.9B | $1.9B | $1.8B | $205M | $202M | $0 | $530M |
| Total liabilities | $5.2B | $5.5B | $5.7B | $4.9B | $5.2B | $5.9B | $3.6B | $3.4B | $3.3B | $3.5B |
| Shareholders' equity | $1.4B | $1.5B | $1.5B | $1.7B | $1.6B | $1.5B | $1.5B | $1.3B | $1.3B | $1.2B |
| Net debt | $2.3B | $2.4B | $2.4B | $1.4B | $1.1B | $1.7B | $268M | $264M | $80M | $394M |
Cash flow
Fiscal years, from OPENLANE's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $378M | $589M | $750M | $381M | $179M | $234M | $4M | $237M | $293M | $392M |
| Capital spending | $155M | $97M | $131M | $162M | $63M | $64M | $61M | $52M | $53M | $55M |
| Free cash flow | $223M | $492M | $618M | $219M | $116M | $170M | -$57M | $185M | $240M | $336M |
| Stock-based compensation | $18M | $20M | $20M | $20M | $12M | $13M | $17M | $16M | $15M | $15M |
| Dividends paid | — | — | — | — | $49M | $0 | $0 | — | — | — |
| Share buybacks (net) | -$80M | -$150M | -$150M | -$120M | -$10M | -$181M | -$182M | -$22M | -$30M | -$46M |
| Net borrowing | $674M | $280M | -$17M | -$801M | -$10M | -$10M | -$929M | $0 | $0 | $337M |
| Free cash flow margin | 7.1% | 22.0% | 25.3% | 7.9% | 8.8% | 11.7% | -3.7% | 10.9% | 13.4% | 17.4% |
| Dividends per share | — | — | — | — | $0.38 | — | — | — | — | — |
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Open OPLN in InvestinglyQuestions
What was OPENLANE's revenue in 2025?
$1.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does OPENLANE generate?
$336M in fiscal 2025 (operating cash flow minus capital spending).
From OPENLANE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.