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OPENLANE OPLN Marketplace — Provision for Credit Losses

Other segment segments

Finance
$9.7M+7.8%

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Other financials

Income statement

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Revenue$527.9M+14.7%
Gross profit$256.2M+17.3%
Operating income$73.8M+42.7%
Net income$48.9M+32.5%
EPS (diluted)$0.35+94.4%

Balance sheet

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Cash & equivalents$180.1M-18.3%
Total debt$607.3M+114%
Total equity$1.3B-8.7%
Total assets$4.9B+1.9%

Cash flow

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Operating cash flow$159.6M+30.2%
CapEx$13.1M+10.1%
Free cash flow$146.5M+32.3%

Valuation

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Market cap$4.62B+41.3%
Enterprise value$5.05B
P/E24.4×
P/S2.3×

Profitability

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Gross margin46.5%+0.6pp
Operating margin10.9%+0.1pp
Net margin9.5%+2.4pp
FCF margin18.6%+4.1pp

Returns & leverage

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Return on equity14.4%+5.0pp
Debt / equity0.5×+0.3×
Current ratio1.2×0.0×

Where this comes from

Reported directly by OPENLANE in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The source filing: OPENLANE’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 10:59 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001395942-26-000019
Line itemMarketplaceFinanceConsolidated
Operating expenses
Cost of services (exclusive of depreciation and amortization)254.217.5271.7
Finance interest expense24.824.8
Provision for credit losses0.69.710.3
Selling, general and administrative110.114.3124.4
Depreciation and amortization19.73.222.9
Total operating expenses454.1
Operating profit36.936.973.8

Item 1. Financial Statements (Unaudited)

FAQ

What is OPENLANE's marketplace — provision for credit losses?
OPENLANE (OPLN) reported marketplace — provision for credit losses of $600K in Q1 2026.
How has OPENLANE's marketplace — provision for credit losses changed year-over-year?
OPENLANE's marketplace — provision for credit losses increased by 100.0% year-over-year, from $300K to $600K.
What is the long-term trend for OPENLANE's marketplace — provision for credit losses?
Over 3 years (2022 to 2025), OPENLANE's marketplace — provision for credit losses has grown at a -16.6% compound annual growth rate (CAGR), from $8.8M to $5.1M.
What does marketplace — provision for credit losses mean?
The periodic expense recognized to account for expected credit losses on receivables and financing products within the marketplace segment. It serves as a buffer against potential defaults by buyers or sellers participating in the platform's credit programs.

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