OPENLANE, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
OPLN$35.23+0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income
(In millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Operating revenues | ||||
| Auction fees | $134.9 | $108.7 | $260.1 | $218.6 |
| Service revenue | 142.1 | 147.1 | 282.4 | 297.3 |
| Purchased vehicle sales | 98.5 | 80.2 | 184.2 | 138.4 |
| Finance revenue | 106.2 | 107.8 | 215.1 | 219.4 |
| Total operating revenues | 481.7 | 443.8 | 941.8 | 873.7 |
| Operating expenses | ||||
| Cost of services (exclusive of depreciation and amortization) | 254.4 | 245.9 | 496.0 | 459.8 |
| Finance interest expense | 26.9 | 31.9 | 54.5 | 64.5 |
| Provision for credit losses | 8.7 | 13.3 | 18.0 | 29.1 |
| Selling, general and administrative | 114.3 | 104.7 | 221.5 | 211.2 |
| Depreciation and amortization | 23.0 | 24.1 | 45.7 | 48.4 |
| Loss on sale of property | 7.0 | — | 7.0 | — |
| Total operating expenses | 434.3 | 419.9 | 842.7 | 813.0 |
| Operating profit | 47.4 | 23.9 | 99.1 | 60.7 |
| Interest expense | 3.1 | 5.5 | 7.1 | 12.6 |
| Other (income) expense, net | (7.4) | 0.2 | (12.4) | 0.7 |
| Income from continuing operations before income taxes | 51.7 | 18.2 | 104.4 | 47.4 |
| Income taxes | 18.3 | 7.5 | 34.1 | 18.2 |
| Income from continuing operations | 33.4 | 10.7 | 70.3 | 29.2 |
| Income from discontinued operations, net of income taxes | — | — | — | — |
| Net income | $33.4 | $10.7 | $70.3 | $29.2 |
| Net income per share - basic | ||||
| Income from continuing operations | $0.16 | $— | $0.34 | $0.05 |
| Income from discontinued operations | — | — | — | — |
| Net income per share - basic | $0.16 | $— | $0.34 | $0.05 |
| Net income per share - diluted | ||||
| Income from continuing operations | $0.15 | $— | $0.33 | $0.05 |
| Income from discontinued operations | — | — | — | — |
| Net income per share - diluted | $0.15 | $— | $0.33 | $0.05 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.