OPENLANE, Inc.

For the period ended Mar 31, 2026. Filed May 5, 2026.

About 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.

Mar 31, 2026 · Filed May 5, 2026

OPLN$34.90+1.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	March 31, 2026	December 31, 2025
Assets
Current assets
Cash and cash equivalents	$180.1	$141.5
Restricted cash	36.8	43.9
Trade receivables, net of allowances of $9.0 and $9.7	415.7	314.1
Finance receivables, net of allowances of $30.0 and $27.5	2,444.3	2,425.4
Other current assets	128.1	86.7
Total current assets	3,205.0	3,011.6
Other assets
Goodwill	1,239.8	1,243.5
Customer relationships, net of accumulated amortization of $461.7 and $459.2	98.4	102.7
Other intangible assets, net of accumulated amortization of $567.0 and $555.0	139.0	142.8
Operating lease right-of-use assets	57.5	57.9
Property and equipment, net of accumulated depreciation of $142.7 and $141.5	100.3	104.2
Other assets	59.5	61.6
Total other assets	1,694.5	1,712.7
Total assets	$4,899.5	$4,724.3

Consolidated Balance Sheets

(In millions, except share and per share data)

	March 31, 2026	December 31, 2025
Liabilities, Temporary Equity and Stockholders' Equity
Current liabilities
Accounts payable	$899.3	$665.8
Accrued employee benefits and compensation expenses	31.1	50.8
Accrued interest	10.5	11.3
Other accrued expenses	90.1	90.8
Income taxes payable	17.6	21.4
Obligations collateralized by finance receivables	1,693.2	1,758.3
Current maturities of long-term debt	24.9	5.5
Total current liabilities	2,766.7	2,603.9
Non-current liabilities
Long-term debt	529.7	530.1
Deferred income tax liabilities	0.5	0.6
Operating lease liabilities	52.7	53.0
Other liabilities	6.5	6.2
Total non-current liabilities	589.4	589.9
Commitments and contingencies (Note 8)
Temporary equity
Series A convertible preferred stock	289.8	289.8
Stockholders' equity
Common stock, $0.01 par value:
Issued and outstanding shares:
December 31, 2025: 106,175,229	1.1	1.1
Additional paid-in capital	669.9	692.8
Retained earnings	630.3	586.7
Accumulated other comprehensive loss	(47.7)	(39.9)
Total stockholders' equity	1,253.6	1,240.7
Total liabilities, temporary equity and stockholders' equity	$4,899.5	$4,724.3

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.