Short answer
OPENLANE, Inc. (OPLN) filed its fiscal 2025 10-K annual report with the SEC on Feb 18, 2026. It reported revenue of $1.9B (+8.2% year over year) and net income of $178M.
- Top risk flagged: Regulatory risk from Canadian Digital Services Tax (3% on online revenues), $5.8M expense in 2025, subject to potential rescission and refund
FY2025 key financial metrics · XBRL
- Revenue
- $1.9B
- +8.2% YoY
- Net income
- $178M
- +61.7% YoY
- Operating margin
- 10.2%
- −0.0 pp YoY
- EPS (diluted)
- −$0.96
- −313.3% YoY
- ROE
- 14.3%
- +6.1 pp YoY
- Operating cash flow
- $392M
- +33.8% YoY
Source: XBRL data from the OPENLANE, Inc. (OPLN) FY2025 10-K on SEC EDGAR. USD.
OPENLANE, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: digital automotive remarketing and related financing services with focus on online marketplaces and floorplan lending
- Emphasis on digital transformation and technology investments including ERP conversion and platform consolidations to support long-term growth
- Strategic shift toward cost reduction, cloud solutions, global shared services and alignment to an asset-light digital operating model
- Continued expansion into international markets with focus on managing foreign exchange, regulatory, and geopolitical risks
- Rising integration of artificial intelligence in operations poses both opportunity and significant risk to financials and reputation
Management Discussion & Analysis
- Forward-looking statements highlight risks from macroeconomic conditions, geopolitical events, and industry trends
Risk Factors
- Regulatory risk from Canadian Digital Services Tax (3% on online revenues), $5.8M expense in 2025, subject to potential rescission and refund
- Macroeconomic risk from inflation, tariffs, interest rates, impacting demand/affordability for new and used vehicles in North America
- Operational vulnerability to used vehicle supply fluctuations; off-lease volume expected to rise in 2026 with majority flowing through OPENLANE
- Competitive risk from franchise/public dealerships' increased used car retail activity, many not using AFC financing platforms
- Financial risk from credit losses; Finance provision for credit losses $37.3M (1.6% of avg receivables), exposure to dealer loan defaults due to used vehicle price volatility
Generated from the filing text; verify against the original. How to read a 10-K
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