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OPENLANE OPLN Provision for Credit Losses
Provision for Credit Losses at other companies
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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 item | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Operating expenses | ||
| Cost of services (exclusive of depreciation and amortization) | 271.7 | 241.6 |
| Finance interest expense | 24.8 | 27.6 |
| Provision for credit losses | 10.3 | 9.3 |
| Selling, general and administrative | 124.4 | 107.2 |
| Depreciation and amortization | 22.9 | 22.7 |
| Total operating expenses | 454.1 | 408.4 |
| Operating profit | 73.8 | 51.7 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is OPENLANE's provision for credit losses?
- OPENLANE (OPLN) reported provision for credit losses of $10.3M in Q1 2026.
- How has OPENLANE's provision for credit losses changed year-over-year?
- OPENLANE's provision for credit losses increased by 10.8% year-over-year, from $9.3M to $10.3M.
- What is the long-term trend for OPENLANE's provision for credit losses?
- Over 2 years (2023 to 2025), OPENLANE's provision for credit losses has grown at a -15.4% compound annual growth rate (CAGR), from $59.2M to $42.4M.
- What does provision for credit losses mean?
- Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.
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