OPENLANE, Inc. (KAR) Financial Statements
Industry: Auto Dealers & Gasoline Stations (Retail)
In fiscal 2025, OPENLANE reported revenue of $1.93B, up 8.2% from $1.79B the year before. Net income was $177.7M (a 9.2% net margin), or -$0.96 per diluted share. Gross margin was 10.2% and operating margin was 10.2%. Operating activities generated $391.9M of cash, leaving $336.5M of free cash flow. At fiscal year end, OPENLANE held $4.72B in total assets against $3.48B in total liabilities, including $141.5M of cash and equivalents.
Open the full interactive OPENLANE financials → Quarterly statements, key ratios, valuation history and price charts.
OPENLANE Key Stats
| Share Price | $37.46 |
|---|---|
| Market Cap | $4.39B |
| Revenue YoY Growth | +8.2% |
| 52-Week Range | $24.49 – $42.90 |
| Shares Outstanding | 114.7 million (basic, 2026 Q2) |
OPENLANE Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.19B | $2.25B | $1.52B | $1.65B | $1.79B | $1.93B |
| Cost of Goods Sold | $2.05B | $2.04B | $1.35B | $1.65B | $1.61B | $1.74B |
| Gross Profit | $136.4M | $210.6M | $173.7M | -$5.2M | $182.2M | $196.6M |
| Operating Income | $136.4M | $210.6M | $173.7M | -$5.2M | $182.2M | $196.6M |
| Pre-Tax Income | $5.4M | $101.5M | $38.6M | -$146.5M | $157.9M | $192.2M |
| Income Tax | $4.9M | $35.0M | $10.0M | $8.3M | $48.0M | $14.5M |
| Net Income | $500,000 | $66.5M | $241.2M | -$154.1M | $109.9M | $177.7M |
| Diluted EPS | -$0.16 | $0.16 | $1.30 | -$1.82 | $0.45 | -$0.96 |
OPENLANE Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $498.4M | $494.3M | $527.9M | $554.6M |
| Net Income | $47.9M | $59.5M | $48.9M | $44.3M |
| Diluted EPS | $0.25 | $0.56 | $0.35 | $0.32 |
OPENLANE Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $752.1M | $190.0M | $225.7M | $93.5M | $143.0M | $141.5M |
| Current Assets | $3.18B | $3.36B | $3.02B | $2.84B | $2.85B | $3.01B |
| Total Assets | $6.80B | $7.42B | $5.12B | $4.73B | $4.62B | $4.72B |
| Current Liabilities | $2.25B | $2.98B | $2.64B | $2.48B | $2.57B | $2.60B |
| Total Long-Term Debt | $1.88B | $1.87B | $494.0M | $357.0M | $230.7M | $535.6M |
| Total Liabilities | $5.18B | $5.90B | $3.60B | $3.40B | $3.28B | $3.48B |
| Shareholders' Equity | $1.62B | $1.51B | $1.52B | $1.33B | $1.34B | $1.24B |
OPENLANE Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $384.4M | $413.2M | $4.1M | $237.0M | $292.8M | $391.9M |
| Free Cash Flow | $283.0M | $304.7M | -$56.8M | $185.0M | $239.8M | $336.5M |
Figures from OPENLANE's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full OPENLANE financials page for every line item.
OPENLANE Company Profile
| Ticker | KAR |
|---|---|
| Exchange | NYSE |
| Industry | Auto Dealers & Gasoline Stations (Retail) |
| Headquarters | Carmel, Indiana |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001395942 |
Frequently Asked Questions
What was OPENLANE's revenue in fiscal 2025?
OPENLANE (KAR) reported revenue of $1.93B for fiscal 2025.
What is OPENLANE's annual revenue history?
OPENLANE's annual revenue by fiscal year: 2020: $2.19B; 2021: $2.25B; 2022: $1.52B; 2023: $1.65B; 2024: $1.79B; 2025: $1.93B.
What was OPENLANE's net income in fiscal 2025?
OPENLANE reported net income of $177.7M for fiscal 2025.
What was OPENLANE's earnings per share (EPS) in fiscal 2025?
OPENLANE's diluted EPS was -$0.96 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did OPENLANE generate in fiscal 2025?
OPENLANE generated $336.5M of free cash flow in fiscal 2025.
What was OPENLANE's revenue last quarter?
In its most recent reported quarter (2026 Q2), OPENLANE reported revenue of $554.6M.
How much debt does OPENLANE have?
OPENLANE reported $535.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of OPENLANE are outstanding?
OPENLANE reported a weighted average of 114.7 million basic shares outstanding in 2026 Q2.
What is OPENLANE's market cap?
Based on its latest closing price, OPENLANE (KAR) has a market capitalization of about $4.39B.
When does OPENLANE's fiscal year end?
OPENLANE's fiscal year end, as registered with the SEC, is December 31.
Where is OPENLANE headquartered?
OPENLANE lists its business address in Carmel, Indiana in its SEC filings.