Filing Flows › Openlane (OPLN) › Q1 2025
Openlane (OPLN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Openlane (OPLN) reported revenue of $460M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +1% from the quarter before. Operating margin was 11.2%, net earnings $36.9M (8.0% of revenue).
Openlane, Q1 2025: revenue $460M (+7% year over year), operating margin 11.2%, net earnings $36.9M, operating cash flow $123M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | +1% | +7% |
| Operating profit | $51.7M | -35% | +40% |
| Net earnings | $36.9M | -29% | +99% |
| Operating cash flow | $123M | +275% | +22% |
| Free cash flow | $111M | +492% | +27% |
What changed
Revenue was $460.1M in Q1 2025, up 7% year over year and up 1% from the previous quarter.
Operating profit was $51.7M, a 11.2% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 49% reached operating profit, above the 9% margin then. Total costs grew 4% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+13%). Net earnings were $36.9M, up 99% year over year. The effective tax rate was 30.0%.
Operating cash flow was $122.6M (up 22% year over year), 332% of net earnings. Non-cash charges added back $22.7M of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $61.3M. Capital expenditures of $11.9M left free cash flow of $110.7M.
Questions
What was Openlane's revenue in the first quarter 2025?
Openlane (OPLN) reported revenue of $460M for the first quarter 2025 (Q1 2025), +7% from a year earlier and +1% from the quarter before.
Was Openlane profitable in the first quarter 2025?
Operating profit was $51.7M (11.2% of revenue) and net earnings $36.9M.
Source: Openlane 10-Q on SEC EDGAR.