OPENLANE, Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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, 2026 · Filed Aug 4, 2026
OPLN$35.23+0.9%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Operating revenues | ||||
| Auction and related fees | $259.0 | $213.9 | $500.8 | $412.8 |
| SaaS and other revenue | 73.4 | 63.1 | 140.9 | 129.7 |
| Purchased vehicle sales | 114.9 | 98.5 | 227.1 | 184.2 |
| Finance revenue | 107.3 | 106.2 | 213.7 | 215.1 |
| Total operating revenues | 554.6 | 481.7 | 1,082.5 | 941.8 |
| Operating expenses | ||||
| Cost of services (exclusive of depreciation and amortization) | 306.4 | 254.4 | 578.1 | 496.0 |
| Finance interest expense | 25.7 | 26.9 | 50.5 | 54.5 |
| Provision for credit losses | 8.9 | 8.7 | 19.2 | 18.0 |
| Selling, general and administrative | 123.8 | 114.3 | 248.2 | 221.5 |
| Depreciation and amortization | 22.3 | 23.0 | 45.2 | 45.7 |
| Loss on sale of property | — | 7.0 | — | 7.0 |
| Total operating expenses | 487.1 | 434.3 | 941.2 | 842.7 |
| Operating profit | 67.5 | 47.4 | 141.3 | 99.1 |
| Interest expense | 10.0 | 3.1 | 20.1 | 7.1 |
| Other income, net | (3.6) | (7.4) | (5.2) | (12.4) |
| Income before income taxes | 61.1 | 51.7 | 126.4 | 104.4 |
| Income taxes | 16.8 | 18.3 | 33.2 | 34.1 |
| Net income | $44.3 | $33.4 | $93.2 | $70.3 |
| Amounts attributable to common stockholders | ||||
| Net income | $44.3 | $33.4 | $93.2 | $70.3 |
| Series A Preferred Stock dividends | (3.3) | (11.1) | (8.6) | (22.2) |
| Net income attributable to participating securities | (3.4) | (5.6) | (9.3) | (12.0) |
| Net income attributable to common stockholders | $37.6 | $16.7 | $75.3 | $36.1 |
| Net income per share | ||||
| Basic | $0.33 | $0.16 | $0.68 | $0.34 |
| Diluted | $0.32 | $0.15 | $0.67 | $0.33 |
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