OPENLANE, Inc. (OPLN) Balance Sheet
OPLN balance sheet, 2025
December 31, 2025 · U.S. dollars$4.72B assets = $3.19B liabilities + $1.54B equity
Both columns are drawn to the same scale: what OPLN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OPLN financial health
Descriptive bands, not a rating. Fiscal 2025.
OPLN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.56B2016 | $4.72B2025 | −3.6%/yr | |
| Total liabilities | $5.16B2016 | $3.19B2025 | −5.2%/yr | |
| Shareholders’ equity | $1.40B2016 | $1.54B2025 | +1.1%/yr | |
| Cash & short-term investments | $201.8M2016 | $141.5M2025 | −3.9%/yr | |
| Total debt | $3.75B2016 | $1.42B2025 | −10.2%/yr | |
| Net cash (debt) | −$3.55B2016 | −$1.28B2025 | +$2.3B | |
| Working capital | $506.2M2016 | $407.7M2025 | −$98.5M | |
| Book value per share | $10.052016 | $14.192025 | +3.9%/yr | |
| Current ratio | 1.222016 | 1.162025 | −0.06 | |
| Debt / equity | 2.682016 | 0.932025 | −1.76 | |
| Shares outstanding | 139.1M2016 | 108.3M2025 | −2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OPLN assets
OPLN liabilities and equity
OPLN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OPLN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $141.5M | $143.0M | $93.5M | $225.7M | $177.6M | $752.1M | $507.6M | $277.1M | $317.2M | $201.8M |
| Cash & equivalents | $141.5M | $143.0M | $93.5M | $225.7M | $177.6M | $752.1M | $507.6M | $277.1M | $317.2M | $201.8M |
| Receivables | $2.74B | $2.57B | $2.57B | $2.67B | $2.89B | $2.26B | $2.56B | $2.46B | $2.63B | $2.46B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.6M | $19.4M | $17.9M |
| Other current assets | $130.6M | $137.6M | $174.6M | $130.9M | $326.9M | $166.9M | $179.2M | $554.1M | $175.7M | $158.4M |
| Total current assets | $3.01B | $2.85B | $2.84B | $3.02B | $3.39B | $3.18B | $3.24B | $3.31B | $3.14B | $2.84B |
| Property, plant & equipment (net) | $162.1M | $216.4M | $245.7M | $208.4M | $238.2M | $940.5M | $973.1M | $976.2M | $908.2M | $842.5M |
| Goodwill & intangible assets | $1.49B | $1.50B | $1.59B | $1.83B | $2.00B | $2.64B | $2.33B | $2.92B | $2.94B | $2.87B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $61.6M | $53.0M | $49.9M | $57.3M | $1.82B | $40.8M | $35.5M | $0 | $0 | $0 |
| Total assets | $4.72B | $4.62B | $4.73B | $5.12B | $7.45B | $6.80B | $6.58B | $7.21B | $6.98B | $6.56B |
| Liabilities | ||||||||||
| Accounts payable | $665.8M | $547.6M | $556.6M | $551.2M | $785.3M | $688.9M | $704.6M | $691.3M | $682.7M | $648.5M |
| Short-term debt | $840.1M | $222.5M | $154.6M | $288.7M | $16.3M | $24.3M | $28.8M | $1.46B | $12.4M | $1.39B |
| Deferred revenue | — | — | — | — | — | — | — | $2.9M | — | — |
| Total current liabilities | $2.60B | $2.57B | $2.48B | $2.64B | $3.01B | $2.25B | $2.52B | $2.62B | $2.39B | $2.33B |
| Long-term debt | $530.1M | $0 | $202.4M | $205.3M | $1.85B | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $53.0M | $60.4M | $70.4M | $79.7M | $88.1M | — | — | — | — | — |
| Other long-term liabilities | $59.8M | $714.1M | $105.6M | $140.5M | $487.8M | $2.93B | $2.41B | $3.12B | $3.11B | $2.83B |
| Total liabilities | $3.19B | $3.28B | $2.79B | $2.99B | $5.35B | $5.18B | $4.93B | $5.74B | $5.50B | $5.16B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.1M | $1.1M | $1.1M | $1.1M | $1.2M | $1.3M | $1.3M | $1.3M | $1.3M | $1.4M |
| Retained earnings (deficit) | $586.7M | $689.8M | $624.4M | $822.9M | $625.7M | $600.7M | $651.0M | $392.3M | $257.0M | $74.1M |
| Accumulated other comprehensive income | −$39.9M | −$69.1M | −$36.7M | −$49.5M | −$24.7M | −$32.7M | −$31.0M | −$61.2M | −$25.2M | −$49.3M |
| Total shareholders' equity | $1.54B | $1.34B | $1.94B | $2.13B | $2.10B | $1.62B | $1.65B | $1.46B | $1.48B | $1.40B |
| Key figures | ||||||||||
| Total debt | $1.42B | $282.9M | $427.4M | $573.7M | $1.95B | $2.22B | $2.25B | $4.11B | $2.68B | $3.75B |
| Net cash (debt) | −$1.28B | −$139.9M | −$333.9M | −$348.0M | −$1.78B | −$1.47B | −$1.74B | −$3.84B | −$2.36B | −$3.55B |
| Working capital | $407.7M | $286.0M | $363.1M | $379.2M | $382.5M | $924.6M | $726.8M | $689.4M | $748.2M | $506.2M |
| Tangible book value | $48.3M | −$158.7M | $350.7M | $299.1M | $103.5M | −$1.03B | −$677.9M | −$1.45B | −$1.45B | −$1.48B |
| Book value per share | $14.19 | $12.32 | $17.78 | $18.32 | $17.10 | $12.50 | $12.42 | $10.79 | $10.76 | $10.05 |
| Shares outstanding | 108.3M | 109.0M | 109.1M | 116.3M | 123.0M | 129.3M | 132.9M | 135.7M | 138.0M | 139.1M |
| Current ratio | 1.16 | 1.11 | 1.15 | 1.14 | 1.13 | 1.41 | 1.29 | 1.26 | 1.31 | 1.22 |
| Quick ratio | 1.11 | 1.06 | 1.08 | 1.09 | 1.02 | 1.34 | 1.22 | 1.04 | 1.23 | 1.14 |
| Debt / equity | 0.93 | 0.21 | 0.22 | 0.27 | 0.93 | 1.38 | 1.36 | 2.81 | 1.80 | 2.68 |
| Equity / assets | 32.5% | 29.0% | 41.0% | 41.6% | 28.2% | 23.8% | 25.1% | 20.3% | 21.3% | 21.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $189.7M | $216.9M | $141.5M | $119.3M | $119.1M | $220.5M | $143.0M | $132.1M | $60.9M | $105.2M | $93.5M | $110.3M |
| Cash & equivalents | $189.7M | $216.9M | $141.5M | $119.3M | $119.1M | $220.5M | $143.0M | $132.1M | $60.9M | $105.2M | $93.5M | $110.3M |
| Receivables | $3.01B | $2.86B | $2.74B | $2.85B | $2.66B | $2.68B | $2.57B | $2.49B | $2.51B | $2.68B | $2.57B | $2.70B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $126.5M | $128.1M | $130.6M | $137.9M | $124.0M | $146.5M | $137.6M | $160.2M | $201.0M | $169.4M | $174.6M | $132.4M |
| Total current assets | $3.33B | $3.21B | $3.01B | $3.11B | $2.90B | $3.05B | $2.85B | $2.78B | $2.77B | $2.96B | $2.84B | $2.94B |
| Property, plant & equipment (net) | $153.9M | $157.8M | $162.1M | $162.5M | $167.1M | $211.7M | $216.4M | $230.2M | $231.7M | $236.5M | $245.7M | $192.8M |
| Goodwill & intangible assets | $1.47B | $1.48B | $1.49B | $1.50B | $1.51B | $1.50B | $1.50B | $1.56B | $1.56B | $1.57B | $1.59B | $1.55B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $58.5M | $59.5M | $61.6M | $52.5M | $59.1M | $51.7M | $53.0M | $51.3M | $49.9M | $50.0M | $49.9M | $47.9M |
| Total assets | $5.01B | $4.90B | $4.72B | $4.82B | $4.64B | $4.81B | $4.62B | $4.63B | $4.62B | $4.82B | $4.73B | $4.73B |
| Liabilities | ||||||||||||
| Accounts payable | $802.9M | $899.3M | $665.8M | $690.7M | $645.0M | $710.4M | $547.6M | $650.8M | $600.3M | $744.1M | $556.6M | $646.4M |
| Short-term debt | $5.5M | $1.72B | $5.5M | $15.8M | $1.72B | $225.8M | $222.5M | $267.8M | $1.85B | $120.4M | $154.6M | $42.3M |
| Total current liabilities | $2.85B | $2.77B | $2.60B | $2.68B | $2.51B | $2.72B | $2.57B | $2.59B | $2.58B | $2.57B | $2.48B | $2.51B |
| Long-term debt | $529.2M | $529.7M | $530.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $50.8M | $52.7M | $53.0M | $54.8M | $56.8M | $58.2M | $60.4M | $64.1M | — | — | — | — |
| Other long-term liabilities | $55.8M | $59.7M | $349.6M | $712.5M | $713.3M | $713.3M | $714.1M | $713.4M | $101.0M | $914.5M | $920.5M | $915.0M |
| Total liabilities | $3.44B | $3.36B | $3.48B | $3.39B | $3.22B | $3.43B | $3.28B | $3.30B | $2.68B | $3.49B | $3.40B | $3.42B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.2M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M |
| Retained earnings (deficit) | $671.3M | $630.3M | $586.7M | $774.7M | $737.9M | $715.6M | $689.8M | $648.6M | $631.3M | $631.8M | $624.4M | $621.2M |
| Accumulated other comprehensive income | −$57.3M | −$47.7M | −$39.9M | −$45.5M | −$37.1M | −$64.7M | −$69.1M | −$42.4M | −$50.0M | −$46.2M | −$36.7M | −$51.0M |
| Total shareholders' equity | $1.57B | $1.54B | $1.24B | $1.43B | $1.42B | $1.37B | $1.34B | $1.33B | $1.94B | $1.33B | $1.33B | $1.31B |
| Key figures | ||||||||||||
| Total debt | $585.5M | $2.30B | $588.6M | $70.6M | $56.8M | $284.0M | $282.9M | $331.9M | $1.91B | $388.3M | $427.4M | $316.1M |
| Net cash (debt) | −$395.8M | −$2.08B | −$447.1M | $48.7M | $62.3M | −$63.5M | −$139.9M | −$199.8M | −$1.85B | −$283.1M | −$333.9M | −$205.8M |
| Working capital | $478.3M | $438.3M | $407.7M | $428.5M | $395.4M | $324.9M | $286.0M | $199.5M | $198.0M | $384.6M | $363.1M | $432.1M |
| Tangible book value | $105.7M | $66.2M | −$248.3M | −$69.0M | −$91.7M | −$125.0M | −$158.7M | −$232.4M | $378.6M | −$243.4M | −$261.8M | −$242.2M |
| Book value per share | $13.41 | $14.25 | $11.46 | $13.17 | $13.21 | $12.78 | $12.57 | $12.18 | $17.87 | $12.18 | $9.17 | $11.88 |
| Shares outstanding | 117.2M | 108.3M | 108.3M | 108.3M | 107.2M | 107.3M | 106.8M | 109.0M | 108.6M | 109.2M | 144.7M | 109.9M |
| Current ratio | 1.17 | 1.16 | 1.16 | 1.16 | 1.16 | 1.12 | 1.11 | 1.08 | 1.08 | 1.15 | 1.15 | 1.17 |
| Quick ratio | 1.12 | 1.11 | 1.11 | 1.11 | 1.11 | 1.07 | 1.06 | 1.02 | 1.00 | 1.08 | 1.08 | 1.12 |
| Debt / equity | 0.37 | 1.49 | 0.47 | 0.05 | 0.04 | 0.21 | 0.21 | 0.25 | 0.98 | 0.29 | 0.32 | 0.24 |
| Equity / assets | 31.4% | 31.5% | 26.3% | 29.6% | 30.5% | 28.6% | 29.0% | 28.7% | 42.0% | 27.6% | 28.1% | 27.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
OPLN financial position
At the end of fiscal 2025 (December 31, 2025), OPENLANE had total assets of $4.7 billion (up 2.2% from a year earlier), total liabilities of $3.2 billion and shareholders' equity of $1.5 billion. It held $141.5 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.3 billion. Its current ratio was 1.16. In the latest quarter (ended June 30, 2026) total assets were $5.0 billion and equity $1.6 billion.
Related: OPLN income statement, OPLN cash flow statement, OPLN key metrics. See the OPLN stock overview for the latest quote and news.
OPLN balance sheet FAQ
What are OPENLANE's total assets?
OPENLANE reported total assets of $4.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.6 billion a year earlier.
How much debt does OPENLANE have?
OPENLANE had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.93.
How much cash does OPENLANE have?
OPENLANE held $141.5 million in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net debt of $1.3 billion.
What is OPENLANE's book value?
OPENLANE's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $14.19 per share.
What is OPENLANE's current ratio?
OPENLANE had current assets of $3.0 billion and current liabilities of $2.6 billion, a current ratio of 1.16 (it can cover its short-term obligations).
How much goodwill does OPENLANE have?
OPENLANE carried $1.5 billion of goodwill and intangible assets, 31.5% of total assets, at the end of fiscal 2025.